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November 29, 2008

World Record Prices at Recent Antiquorum Watch Auction

By Pardhasaradhi Gonuguntla

Geneva – Antiquorum, the world’s leading watch auctioneer, realized an extraordinary result of SFr. 15,326,100 for its auction held this weekend in Geneva and entitled “Important Collector’s Wristwatches, Pocket Watches, Clocks and Horological Tools”. Buyers from the United States, Hong Kong, Switzerland, the United Arab Emirates, the Netherlands, Germany and China all competed for rare timepieces.

The star of the sale was Lot 730, “The Royal Presentation Mirror-Image Pair” of gold and painted on enamel and pearl-set, very rare pocket watch made circa 1815, which reached an outstanding amount of SFr. 2,608,000! A worldwide record never achieved for such a pair of pocket watches.

“The extraordinary results today indicate that the passion for rare and important watches continues despite worldwide economic concerns. Antiquorum once again has proven that its unique ability to focus only on watches and clocks continue to make us the definitive market maker and the foremost horological resource for both buyers and sellers,” said Robert Maron, Chairman, Antiquorum.

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