Antiquorum Concludes Formidable Auction in Hong Kong

Written by James Matthews

Antiquorum concluded its 2009 auction in Hong Kong with an outstanding total of HKD 45,453,120 (CHF 6,397,981 or $5.8 million). Of the 479 lots that were offered for sale in the auction, 82% were sold representing 115% of the estimated value. There was standing room only at the Mandarin Oriental Hotel with over 250 internet bidders from over 40 countries around the world.

Outstanding prices were achieved for a very rare Patek Philippe 3974, which sold for HKD 3,000,000 (CHF 422,280 or $387k ), followed by the Franck Muller, Caliber 97 which reached HKD 2,820,000 (CHF 396,950 or $363k).

“We are extremely pleased with the results of this auction and look forward to continued growth in Asia, an increasingly important area for our business. In line with Antiquorum’s worldwide strategy, we are planning to open an office in Beijing in order to enhance the service we are already offering our clients in mainland China from our existing office in Shanghai. This auction demonstrated Antiquorum’s ability to provide service to our long-established client base in Asia, as we continue to see new clients in Asia entering at all levels of the market,” said Evan Zimmermann, President & CEO, Antiquorum.

This post was written by James Matthews. If you have any questions or comments you may contact him at james@jewelerslounge.com