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THE HONG KONG WATCH AUCTION: XXI 名錶薈萃－香港 XXI 21–23 NOVEMBER 2025

Auction & Viewing Location

Sale Designation

G/F, WKCDA Tower, West Kowloon Cultural District, No. 8 Austin Road West, Kowloon, Hong Kong

When sending in written bids or making enquiries please refer to this sale as HK080425 or The Hong Kong Watch Auction: XXI.

香港九龍西九文化區柯士甸道西8號西九文化區管理局大樓G/F Auction

Session 1, lots 801–901 Friday, 21 November at 2pm Session 2, lots 902–1014 Saturday, 22 November at 2pm Session 3, lots 1015–1123 Sunday, 23 November at 2pm Viewing 15–23 November 10am–7pm

Absentee and Telephone Bids Tel +852 2318 2029 Fax +852 2318 2010 bidshongkong@phillips.com Advisory Board Mohammad Almarzouq Jean-Claude Biver Henry Chan David Chang Helmut Crott Gabriel Ho Ike Honigstock Grace Huang Stephen Charles Li David Lou TK Mak Auro Montanari Jason Singer Kenneth Wong

Watches Department, Hong Kong Deputy Chairman, Watches, Head of Watches, Asia Thomas Perazzi +852 2318 2030 thomasperazzi@phillips.com Head of Sale, Specialist Gertrude Wong +852 2318 2045 gertrudewong@phillips.com Specialist Alvin Lau +852 2318 2035 alvinlau@phillips.com Specialist, Perpetual Jonathan Siu +852 2318 2075 jonathansiu@phillips.com Cataloguer Yunyi Xu +852 2318 2074 yunyixu@phillips.com Senior Administrators Stanley Sit +852 2318 2018 stanleysit@phillips.com Sammie Leung +852 2318 2040 sammieleung@phillips.com

OUR TEAM

SENIOR EXECUTIVE

MARTIN WILSON Chief Executive Officer +44 20 7901 7915 mwilson@phillips.com

SENIOR CONSULTANTS

AUREL BACS

LIVIA RUSSO

Senior Consultant +41 22 317 81 88 abacs@ phillipsbacsrusso.com

Senior Consultant +41 22 317 81 88 lrusso@ phillipsbacsrusso.com

EXECUTIVES

ROBERT MANLEY

MIETY HEIDEN

Chairman and Worldwide Head, Modern & Contemporary Art +1 212 940 1358 rmanley@phillips.com

Chairman, Private Sales +44 20 7901 7943 mheiden@phillips.com

JONATHAN CROCKETT Chairman, Asia +852 2318 2023 jcrockett@phillips.com

MARIANNE HOET Chairman, Europe, Senior Specialist, Modern & Contemporary Art +32 3257 3026 mhoet@phillips.com

DEPUTY CHAIRMEN & CHAIRWOMEN

PETER SUMNER Deputy Chairman, Europe, Senior International Specialist, Modern & Contemporary Art +44 20 7318 4063 psumner@phillips.com

VANESSA HALLETT Deputy Chairwoman, Americas, Worldwide Head of Photographs +1 212 940 1243 vhallett@phillips.com

VIVIAN PFEIFFER

JEREMIAH EVARTS

Deputy Chairman, Senior International Specialist, New Markets +1 212 940 1392 vpfeiffer@phillips.com

Deputy Chairman, Americas, Senior International Specialist, Modern & Contemporary Art +1 917 304 4329 jevarts@phillips.com

CARY LEIBOWITZ

KELLY TROESTER

SCOTT NUSSBAUM

KEVIE YANG

Deputy Chairman, Americas, Worldwide Co-Head of Editions +1 212 940 1222 cleibowitz@phillips.com

Deputy Chairwoman, Americas, Worldwide Co-Head of Editions +1 212 940 1221 ktroester@phillips.com

Deputy Chairman, Americas, Senior International Specialist, Modern & Contemporary Art +1 212 940 1354 snussbaum@phillips.com

Deputy Chairwoman, Americas, Senior International Specialist, Modern & Contemporary Art +1 212 940 1254 kyang@phillips.com

THOMAS PERAZZI

PAUL BOUTROS

ALEXANDRE GHOTBI

CINDY YEN

Deputy Chairman, Watches, Head of Watches, Asia +852 2318 2030 thomasperazzi@ phillips.com

Deputy Chairman, Watches, Head of Watches, Americas International Strategy Advisor +1 212 940 1293 pboutros@phillips.com

Deputy Chairman, Watches, Head of Watches, Europe & Middle East +41 22 317 81 81 aghotbi@phillips.com

Deputy Chairwoman, General Manager, Taiwan +886 963 135 449 cyen@phillips.com

BACS & RUSSO

AUREL BACS

LIVIA RUSSO

ATHENA BRAS

Senior Consultant +41 22 317 81 88 abacs@ phillipsbacsrusso.com

Senior Consultant +41 22 317 81 88 lrusso@ phillipsbacsrusso.com

Executive Assistant & Client Relations +41 22 317 96 65 abras@ phillipsbacsrusso.com

INTERNATIONAL BUSINESS DIRECTOR

MYRIAM CHRISTINAZ International Business Director +41 22 317 81 84 mchristinaz@phillips.com

BUSINESS DEVELOPMENT

PANSY KU

TADZIO NUNO

DIANA ORTEGA

International Business Development Director +33 1 53 71 77 89 pku@phillips.com

International Business Development Strategist +33 6 82 52 08 23 tnuno@phillips.com

Head of Strategic Partnerships & Events, Watches, Europe & Middle East +41 22 317 81 87 dortega@phillips.com

LUCIE DELAPORTE

ARTHUR TOUCHAIS

Social Media Manager +41 22 317 9668 ldelaporte@phillips.com

Video Producer atouchais@phillips.com

DIGITAL MARKETING

SOPHIE FURLEY

LOGAN BAKER

Head of Digital Marketing +41 78 806 55 04 sfurley@phillips.com

Senior Editorial Manager +1 346 445 0068 lbaker@phillips.com

REGIONAL DIRECTOR

GENEVA

ALEXANDRE GHOTBI Deputy Chairman, Watches, Head of Watches, Europe & Middle East +41 22 317 81 81 aghotbi@phillips.com

TIFFANY TO Head of Sale, Senior International Specialist +41 22 317 96 63 tto@phillips.com

MARCELLO DE MARCO Senior International Specialist +41 22 317 81 81 mdemarco@phillips.com

CLEMENT FINET Senior Specialist, Perpetual Gstaad +41 79 173 03 45 cfinet@phillips.com

NATHALIE MONBARON Regional Director, Business Development Director +41 22 317 81 83 nmonbaron@phillips.com

HONG KONG

THOMAS PERAZZI

GERTRUDE WONG

ALVIN LAU

JONATHAN SIU

YUNYI XU

Deputy Chairman, Watches, Head of Watches, Asia +852 2318 2030 thomasperazzi@ phillips.com

Head of Sale, Specialist +852 2318 2045 gertrudewong@ phillips.com

Specialist +852 2318 2035 alvinlau@phillips.com

Specialist, Perpetual +852 2318 2075 jonathansiu@phillips.com

Cataloguer +852 2318 2074 yunyixu@phillips.com

SINGAPORE

TOKYO

CHINA

DANIEL SUM

DAVID GENG

ZI YONG HO

GENKI SAKAMOTO

KAZ FUJIMOTO

Senior Consultant +86 139 1717 7394 danielsum@phillips.com

Consultant +86 130 0321 9769 davidgeng@phillips.com

Senior International Specialist +65 9820 3837 ziyongho@phillips.com

Senior Specialist Consultant +81 3 6273 4818 gsakamoto@phillips.com

Senior Consultant +81 3 6273 4818 kfujimoto@phillips.com

THAILAND

VIETNAM

TAIWAN

CINDY YEN

LEON HUANG

RIKA DILA

VY TRAN

Deputy Chairwoman, General Manager, Taiwan +886 963 135 449 cyen@phillips.com

Regional Representative +886 2 2758 5505 lhuang@phillips.com

Senior Consultant +66 818 186 878 rikadila@phillips.com

Consultant +84 708770837 vytran@phillips.com

NEW YORK

LONDON

PAUL BOUTROS

DOUG ESCRIBANO

ISABELLA PROIA

JACLYN LI

Deputy Chairman, Watches, Head of Watches, Americas International Strategy Advisor +1 212 940 1293 pboutros@phillips.com

Senior International Specialist +1 212 940 1382 describano@phillips.com

Head of Sale, Senior International Specialist +1 212 940 1285 iproia@phillips.com

Consultant +1 617 697 5030 jli@phillips.com

CHRISTOPHER YOUÉ Global Sales Director, Perpetual +44 7778 143 563 cyoue@phillips.com

THOMAS PERAZZI

GERTRUDE WONG

Deputy Chairman, Watches, Head of Watches, Asia

Head of Sale, Specialist

WELCOME By Thomas Perazzi & Gertrude Wong Dear Collectors, Dear Friends, Welcome to the Hong Kong Watch Auction XXI. It has been ten years since the first Phillips watch auction in Hong Kong—time truly flies! Over twenty live and online sales have been passionately curated by our dedicated watch team. Thanks to Perpetual, we can engage with the community 24/7. Memorable thematic auctions have been held, and significant milestones have been achieved in this rapidly growing region of the world. What began as aspirational dreams has now become reality. We are able to celebrate this significant anniversary thanks to two key factors: our unique team and, most importantly, our valued collectors. Words cannot fully express my gratitude for the opportunity to share my passion for watches with such an incredible group of talented specialists and dedicated watch lovers who place their trust in our services and professionalism. I invite you to enjoy the following pages filled with discoveries and sincerely hope to welcome you in Hong Kong to celebrate together!

THE HONG KONG WATCH AUCTION: XXI 名錶薈萃－香港 XXI SESSION 1 21 NOVEMBER 2025, 2PM LOTS 801–901

A CONNOISSEUR JOURNEY: A LEGENDARY COLLECTION FROM HONG KONG

In the vibrant heart of Hong Kong, a city that epitomizes the fusion of tradition and modernity, resides a remarkable collector whose passion for horology has blossomed over decades. This collector, whose journey began in the late 1980s, has meticulously curated a collection that not only reflects his discerning taste but also encapsulates the rich heritage of watchmaking. As we prepare to present his extraordinary collection at our auction, “A Connoisseur Journey”, we invite you to unveil the evolution of his passion, which is as intricate and captivating as the timepieces he holds dear. A genesis of a passion, our collector’s fascination with horology sparked in the 1980s, ignited by an admiration for the intricate mechanics of mechanical watches. It was the enthralling dance of gears and springs, the precision of craftsmanship, and the artistry of design that drew him into a world where time is both an ally and a muse. This initial curiosity transformed into a profound appreciation for complications — the intricate features that elevate a watch from mere timekeeping to a testament of human ingenuity. As he navigated the 1990s and 2000s, his journey was marked by a continuous quest for excellence. With each acquisition, he honed his eye for the “best of the best”, evolving his taste while remaining steadfast in his dedication to curating a collection that tells a story — a narrative woven through time, craftsmanship and artistry. Curatorial Masterpieces by Patek Philippe Among the jewels of his collection are timeless Patek Philippe Calatravas and special editions, emblematic of elegance and simplicity. These watches serve as a canvas for the brand’s unparalleled craftsmanship, showcasing the essence of what makes Patek Philippe a beacon in the world of haute horlogerie. Each Calatrava stands as a symbol of refined taste, embodying the philosophy that true beauty lies in understated sophistication. Further enriching this collection are the signature Patek Philippe Grand Complications and perpetual chronographs, where the allure of complications meets the brand’s historical significance. These timepieces not only offer a practical functionality but also represent a pinnacle of technical achievement, captivating collectors and enthusiasts alike. The collector’s journey also led him to the avant-garde creations of Patek Philippe’s Advanced Research division. Here, innovation meets tradition, resulting in timepieces that push the boundaries of watchmaking. These watches are a testament to the brand’s commitment to continuous improvement and technological advancement. A Tribute to German Precision No collection would be complete without the exquisite craftsmanship of German watchmakers, particularly A. Lange & Söhne and Glashütte Original. The collector’s admiration for these brands reflects a deep appreciation for the dedication and

precision engineering that define German horology. Each piece from these esteemed manufacturers embodies a legacy steeped in tradition and innovation, making them essential to his collection. The Allure of Enamel and Porcelain The collector’s fascination extends beyond conventional materials as he possesses a profound love for porcelain and enameling, which adds a unique dimension to his collection. His admiration for renowned enamellists like Suzanne Rohr, Anita Pochet, Muriel Sechaud, Marthe Bischoff is reflected in the breathtaking miniature enamels that showcase intricate details and vibrant colors. These pieces represent not just timekeeping but also the artistry of creating visual masterpieces that evoke emotion and historical significance. Celebrating Complications Among the highlights of this collection are the grand complications from esteemed brands like Girard-Perregaux and Franck Muller. These watches are not merely functional but serve as showcases of the pinnacle of horological artistry. The poetic beauty of tourbillons, perpetual calendars and repeaters, the intricate skeletonization of watch dials and the diverse case shapes each tell a story of craftsmanship that transcends mere timekeeping. Additionally, the collector’s affinity for diamond-set timepieces such as Breguets and Concord reflects a love for complication and luxury. These watches combine stunning aesthetics with remarkable gem-setting feats, making them standout pieces that capture attention and admiration. The Unique Charm of Pocket Watches A true connoisseur also appreciates the historical significance of pocket watches, and this collection boasts an array of fancy and special pocket watches, including the illustrious, important Piece Unique Piaget pocket watch created for the Handover of Hong Kong. This piece not only serves as a timepiece but as a symbol of a pivotal moment in history, encapsulating a unique blend of artistry, craftsmanship, and cultural significance. What truly distinguishes this collection is the collector’s unwavering commitment to preservation. Most of the watches remain unworn, a testament to his desire to maintain the beauty of their cases and dials. This dedication to keeping the integrity of each piece intact speaks volumes about his respect for craftsmanship and artistry. Phillips in Association with Bacs & Russo is extremely honored to showcase this extraordinary collection at “A Connoisseur Journey”, we invite you to immerse yourself in the world of horology that this collector has lovingly built over decades. Each watch tells a story, a testament to the artistry, innovation and passion that defines the realm of fine watchmaking. Join us in celebrating the timeless beauty and intricate mechanics that have captured the heart of a true connoisseur.

PATEK PHILIPPE SPECIAL EDITIONS

Since 1839, Patek Philippe has been one of the leading manufacturers of quality Swiss watches, from pocket watches to wristwatches they have been the most sought-after pieces in the market. Being a manufacturer of such rich history, Patek Philippe has witnessed the major breakthroughs and advancements in the watchmaking industry, and for Patek, throughout the years there were also moments to be remembered and celebrated. In this segment of Special Edition in Hong Kong Watches XXI, the selected watches may not be the fancy and complex complications, yet they signify a few of the firm’s recognizable moments that should earn their own spotlight. The Reference 3960 Officer Calatrava is an important watch, commemorating the 150th anniversary of Patek Philippe in 1989. Carrying out the legacy of fine watchmaking under the four lilies of the Calatrava Cross, there is no other watch than the signature Calatrava, which bears the name of Patek Philippe’s emblem, could honour the milestone of the said manufacturer. With a limited production and only 2000 available pieces in 18K yellow gold, the Reference 3960 is not the typical Calatrava that can be seen in the past. Ever since the debut of the first Calatrava, the Reference 96, the watches from the family tree have been more or less similar in the form. Even though it is a relatively modern watch, released in the late 20th century, it resembles the classical tool watch design in the earlier times of the century. Unlike other signature Calatrava watches like the Reference 2526 or the Reference 3919, this Officer Calatrava has straight narrow lugs, with Breguet hands and numerals on the white enamel dial enclosed in a hunter case. The lugs and the hunter caseback recall the pocket watch converted wristwatches for military officers during the Great War. Thus, the Reference 3960 could be regarded as a modern take of the early 1900s watches, at the same time representing the Calatrava bloodline for the anniversary.

The building on 41 Rue du Rhône, since Patek Philippe’s initial moving in 1853, has been the home of the manufacturer’s boutique, and it has undergone several major renovations throughout the years. In 1891, Patek Philippe purchased 41 Rue du Rhône and renovated their Salon under the directorship of the renowned architect Jacques-Elisée Goss. The Geneva Salon has been expanding since, and the latest renovation was in 2006. To celebrate the reopening of the iconic boutique at the heart of Geneva in said year, Patek Philippe released the Reference 5105P and the Reference 5565 that could only be purchased at the Salon. With a limited availability of 100 pieces, the Reference 5105P is a homage to the Reference 492 released in 1930, housing a vintage 9’’’90 movement manufactured in 1959. As for the Reference 5565, it is a tribute to the Reference 565 which was released in 1938. It is also an extremely rare piece as only 300 pieces were made. These two watches, exclusively to the Geneva Salon, are the witnesses to Patek Philippe’s prominent status in the heart of Geneva. Patek Philippe has been expanding to every corner of the world, in which it is especially beloved in Asia. In this curated segment, two Reference 3796 that are targeted at the Asian market are included. The Reference 3796 was launched in 1982, 50 years after the legendary first Calatrava Reference 96 was introduced. The reminiscence of the preceding model makes the Reference 3796 another significant watch of Patek Philippe. To commemorate the 25th anniversary of its distributor in Taiwan Wu Shang, a special edition of the Reference 3796 was released, decorated with ruby indexes, it gives the watch a prestigious look than a normal Reference 3796. The other Reference 3796 in this section is a limited edition for the Japanese market. There has always been a lot of Patek Philippe collectors in Japan, and their admiration of clean-looking dress watches like the Calatrava makes it a non-neglectable market for the Swiss manufacturer. 100 pieces of salmon dial Reference 3796 were released exclusively for the Japanese market; they have been a lot of Calatrava collectors’ dream in the possession of such classy looking watch. Watches are not only a piece of wearable art, but they are also the embodiment of history of a watchmaker, a manufacturer and an industry. Through this section, we hope that one could enjoy the fine craftsmanship of the watches, at the same time appreciate the history and achievements of Patek Philippe.

801.

PATEK PHILIPPE — A well-preserved limited edition yellow gold wristwatch with small seconds, Breguet numerals, officer-style hinged caseback, Certificate of Origin, attestation, commemorative medal and presentation box, made in a limited edition of 2,000 pieces to commemorate the 150th anniversary of Patek Philippe

百達翡麗，「Officier」型號3960，精細罕有，限量版黃金小三針腕錶，備寶璣數字時標、將官式底蓋，特為百達翡麗150週年限量發行2,000枚，約1989年製。附原裝證書、錶盒、紀念幣、配件 Manufacturer

Patek Philippe

Year

Circa 1989

Reference No. 3960 Movement No. 768’361 Case No. 2’863’273 Model Name Officier Material

18K yellow gold

Calibre Manual, cal. 215 PS, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Shui Hwa Watch Co. Ltd. Hong Kong, dated 8 July 1989, Attestation, Geneva seal certificate, commemorative medal, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

Launched in 1989 to celebrate the 150th Anniversary of Patek Philippe, the ref. 3960 was part of the commemorative series that also introduced the legendary cal. 89. Conceived as a limited edition, the reference was produced in 2,000 examples in yellow gold, 150 in white gold, and just 50 in platinum. Among these, the ref. 3960 quickly emerged as one of the most sought‑after models of the commemorative collection. Encased in a charming 33mm officer‑style case, the watch is distinguished by its hinged back, delicately engraved with the firm’s commemorative dates. The white lacquer dial, enriched with elegant Breguet numerals, enhances the piece with a timeless harmony befitting its celebratory spirit. The present yellow‑gold example is well-preserved and further accompanied by its full set of accessories. A perfectly balanced fusion of heritage, elegance, and rarity, this ref. 3960J represents one of the most enduringly graceful commemorative editions ever crafted by Patek Philippe.

802.

PATEK PHILIPPE — A very fine and extremely rare limited edition platinum wristwatch with small seconds, 1959 movement, Certificate of Origin, attestation, commemorative medal and presentation box, made in a limited edition of 100 pieces to celebrate the re-opening of the Patek Philippe salon in Geneva in 2006 – Single-factory-sealed

百達翡麗，型號5105P-001，非常精細及罕有，限量版鉑金小三針腕錶，為慶祝2006年百達翡麗日內瓦沙龍重新開幕限量發行100枚，機芯1959年製，約2006 年完成。附原裝證書、錶盒、紀念幣、配件 — 原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2006; Movement 1959

Reference No. 5105P-001 Movement No. 978’027 Case No. 4’287’255 Material

Platinum

Calibre Manual, cal. 9-90, 18 jewels, stamped twice with the Geneva Seal Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 46mm length x 35mm width Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong dated 6th June 2007, Attestation dated 6th June 2007, commemorative medal, product literature, leather folio, hang tag, fitted presentation box and outer packaging.

The reference 5105 was launched in 2006 in a limited edition of 100 pieces to celebrate the reopening of Patek Philippe’s historic salon in the heart of Geneva after its renovation. Acquired by Patek Philippe in 1891, the building on Rue du Rhône underwent a complete renovation by renowned architect Jacques-Elisée Goss (1839-1921). In 1907-1908, a fifth floor was added, a project led by Henri Goss, the son of the original architect. The last major renovation of this historic building was completed in 1996, with the stately Salon Napoleon III meticulously restored to reflect its original style. The reference 5105 features a 46mm streamlined curved Art Deco case and a two-tone dial, serving as a superb tribute to Patek Philippe’s ref. 492 from the 1930s. The movement within is a vintage 9’’’90, manufactured in 1959, which, according to legend, was discovered in an old wooden chest before the watchmaking department relocated to Plan-les-Ouates in 1996. Fresh-to-the-market, only 16 pieces of this reference are known to have appeared at auction to date, and the present example is offered in brand new, single-factory-sealed condition with all the accompanying accessories. Extremely rare and significant to the history of the Patek Philippe salon, the tooling used for manufacturing this case shape has been discarded, ensuring that Patek Philippe will never replicate this design again.

PATEK PHILIPPE

Ref. 5105P-001, Single-factory-sealed

803.

PATEK PHILIPPE — A very fine and rare limited edition stainless steel wristwatch with small seconds, two-tone dial, Certificate of Origin, attestation, commemorative medal and presentation box, made in a limited edition of 300 pieces to celebrate the re-opening of the Patek Philippe salon in Geneva in 2006 – Single-factory-sealed

百達翡麗，「Calatrava」型號5565A-001，精細罕有，限量版精鋼小三針腕錶，為慶祝2006年百達翡麗日內瓦沙龍重新開幕限量發行300枚，約2007年製。附原裝證書、錶盒、紀念幣 — 原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2007

Reference No. 5565A-001 Movement No. 1’901’981 Case No. 4’409’466 Model Name Calatrava Material

Stainless steel

Calibre Manual, cal. 215 PS Aig. 2, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong and dated 6th June 2007, Attestation dated 6th June 2007, product literature, instruction manual, commemorative medal, leather folio, hang tag, fitted commemorative presentation box and outer packaging.

The Patek Philippe reference 5565 was released as an exclusive limited edition of 300 pieces in 2006, alongside reference 5105 (see previous lot) to celebrate the grand reopening of the Patek Philippe boutique in Geneva. This reference ultimately stands out for its use of stainless steel, a departure from the brand’s usual preference for precious metals. The caseback features a special engraving that reads “Patek Philippe Genève 1839-1982-2006”, commemorating the brand’s founding in 1839, the original opening of the Geneva Salon in 1982, and its celebrated reopening after renovation in 2006. The design of reference 5565 is inspired by reference 565, one of the first Patek Philippe stainless steel wristwatches produced in series, which was first introduced in 1938. The present specimen of reference 5565A-001 is offered in single-factory-sealed condition and comes complete with its full set of accessories.

PATEK PHILIPPE

Ref. 5565A-001, Calatrava, Single-factory-sealed

804.

PATEK PHILIPPE — A very rare and attractive special edition pink gold wristwatch with small seconds, ivory dial, ruby-set hour markers, Certificate of Origin and presentation box, made to commemorate the 25th anniversary of Taiwan distributor Wu Shang Taiwan

百達翡麗，「Calatrava」型號3923SR，非常罕有，特別版玫瑰金小三針腕錶，備象牙色錶盤、紅寶石時標，特為台灣總代理武祥25週年限量發行，約1997年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 1997

Reference No. 3923SR Movement No. 1’847’673 Case No. 2’978’521 Model Name Calatrava Material

18K pink gold

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 32mm diameter Signed Case, dial, movement and buckle signed, caseback further signed by retailer Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Accompanied by blank Patek Philippe Certificate of Origin, fitted presentation box and outer packaging.

First introduced in 1986, the Patek Philippe Calatrava ref. 3923 was produced for approximately 13 to 14 years. Predominantly produced in yellow gold and pink gold with bullet indexes and dauphine hands. Featuring a 32mm diameter two-piece snap back case made by Ateliers Reunis, the Calatrava style case is simply timeless. Powered by the firm’s cal. 215 S manual calibre it features the robust Gyromax balance. Well-received, the reference was also launched in limited edition series for Taiwanese retailer Wu Shang’s 25th anniversary in two versions: pink gold with pink dial and pink gold with ruby indexes like the present example. According to our research, not more than 20 pieces were produced. Only 4 examples are publicly known and the present example has been kept in the same collection for over 20 years, which remain unworn since the first purchase. The sapphire caseback marks the celebration of the long standing collaboration between Wu Shang and Patek Philippe. Accompanied with its Certificate of Origin and preserved in excellent overall condition with deep hallmarks, the present timepiece with rubyset dial will surely delight collectors of Calatravas.

805.

PATEK PHILIPPE — A very rare, well-preserved and attractive limited edition white gold wristwatch with small seconds, pink dial, Certificate of Origin and presentation box, made in a limited edition of 100 pieces for the Japanese market

百達翡麗，「Calatrava」型號3796SG-001，精細優雅，限量版白金小三針腕錶，備玫瑰金錶盤，特為日本市場限量發行100枚，約1998年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 1998

Reference No. 3796SG-001 Movement No. 1’862’243 Case No. 4’039’005 Model Name Calatrava Material

18K white gold

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 31mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by blank Patek Phillippe Certificate of Origin, product literature, leather folio, presentation box and outer packaging.

Arguably the last true “legacy model” created by Patek Philippe, the reference 3796 was introduced in 1982 and remained in production until the late 1990s, succeeding the discontinued reference 96—the first and original Calatrava from the 1930s. Both models appear identical on the wrist, each measuring 31mm in diameter. The subtle differences include a sapphire crystal, the new cal. 215 movement in the present reference, and a sapphire caseback featuring a small flap for easier opening. A striking timepiece for its size, the present Calatrava reference 3796 is extremely rare, showcasing an 18K white gold case with a contrasting pink Sigma dial. The lower-case Greek letter sigma beside the “Swiss” signature at the bottom of the dial indicates that the hands and hour markers are made of solid 18K gold. Exuding supreme grace and elegance, this watch was part of a limited edition of just 100 pieces produced exclusively for the Japanese market. We had the privilege of featuring another Japanese edition example in white gold, reference 3796G-018, at the TOKI Watch auction in 2024. Fresh to the auction market, the present Calatrava is one of only a handful to have resurfaced and comes complete with all its accessories. Preserved in outstanding condition, it stands as a true testament to Patek Philippe’s discreet elegance and timeless aesthetics.

THE PATEK PHILIPPE REFERENCE 5970

The Patek Philippe Reference 5970, a perpetual calendar chronograph by the all-mighty Patek Philippe, was introduced in 2004 as the direct successor to the iconic Reference 3970. This grand complication masterpiece combines a perpetual calendar (tracking date, day, month, and leap years automatically until 2100) with a chronograph function, all housed in a 40mm case measuring just 13.5mm thick—making it remarkably wearable for such complexity. Available in four metals—rose gold (5970R), white gold (5970G), yellow gold (5970J), and platinum (5970P)—they feature silver or black dials, with distinctive square-cornered pushers and a sapphire caseback revealing the intricate movement. Production ran until 2011, with an estimated total of around 2,800 examples across all variants, contributing to its rarity. At the 5970’s heart is the manually wound Patek Philippe Caliber CH 27-70 Q, based on the legendary Lemania 2310 ébauche that Patek Philippe refined in-house with Geneva Seal finishing and among other haute horologie finishings. This same architecture powered historic pieces like the Reference 1518 and 2499, continuing its horological pedigree. The 5970 holds a pivotal place in Patek Philippe’s history as the final model to use this Lemania-based movement before the brand fully transitioned to in-house calibers with the Reference 5270 in the year 2010. Designed under Thierry Stern (current president) during his father Philippe Stern’s tenure, it symbolizes a generational handover, blending vintage elegance with modern proportions—upgrading from the 3970’s 36mm case to a more contemporary 40mm while prioritizing dial legibility for its dense complications. This evolution addressed the need for a bolder, more versatile perpetual calendar chronograph without sacrificing the maison’s classic roots. Collectors and experts hail the 5970 as one of Patek’s greatest achievements: musician John Mayer called it “as good as it gets,” while Revolution Watch’s Wei Koh deemed it “the single most beautiful classic wristwatch ever created.” during its release. Its short production run, exclusivity (we believe the yellow gold variants were limited to less than 300 pieces), and status as the “last of the Lemanias” drive its appeal. In essence, the 5970 isn’t just a watch—it’s a bridge between Patek’s storied past and its innovative future, embodying timeless craftsmanship in a form that’s both wearable and profoundly collectible.

806.

PATEK PHILIPPE — A highly rare and unworn platinum perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, Certificate of Origin, additional solid caseback, setting pin and presentation box, single-factory-sealed

百達翡麗，型號5970P-001，罕有，鉑金計時萬年曆腕錶，備月相、閏年、24小時顯示，約2010年製。附原裝證書、錶盒、調整筆- 原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2010

Reference No. 5970P-001 Movement No. 3’931’859 Case No. 4’500’303 Material

Platinum

Calibre Manual, cal. CH 27-70 Q, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,400,000–2,400,000 USD 179,000–308,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd Hong Kong dated 6th June 2010, leather folio, instruction manual, product literature, setting pin, additional solid caseback, hang tag, slipcase, fitted presentation box and outer packaging.

PATEK PHILIPPE

Ref. 5970P-001, Single-factory-sealed

807.

PATEK PHILIPPE — A “like-new”, unworn and elegant pink gold perpetual calendar chronograph wristwatch with 24-hour, leap year indication, moon phases, Certificate of Origin, additional solid caseback, setting pin and presentation box

百達翡麗，型號5970R-001，非常精細，玫瑰金計時萬年曆腕錶，備24小時、閏年、月相顯示，約2005年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 2005

Reference No. 5970R-001 Movement No. 3’047’748 Case No. 4’294’157 Material

18K pink gold

Calibre Manual, cal. CH27-70 Q, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,000,000–1,600,000 USD 128,000–205,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong dated 16th October 2005, leather folio, instruction manual, product literature, hang tag, setting pin, additional solid caseback, fitted presentation box and outer packaging.

PATEK PHILIPPE

Ref. 5970R-001

808.

PATEK PHILIPPE — A “like-new”, very fine and attractive white gold perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, additional solid caseback, setting pin, Certificate of Origin and presentation box

百達翡麗，型號5970G-001，非常精細，白金萬年曆計時腕錶，備月相、24小時、閏年顯示，約2005年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 2005

Reference No. 5970G-001 Movement No. 3’047’702 Case No. 4’293’959 Material

18K white gold

Calibre Manual, cal. CH27-70Q, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,000,000–1,600,000 USD 128,000–205,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd. Hong Kong, dated 3 June 2005, instruction manual, product literature, leather folio, additional solid caseback, setting pin, fitted presentation box and outer packaging.

PATEK PHILIPPE

Ref. 5970G-001

PATEK PHILIPPE ADVANCED RESEARCH

Patek Philippe Advanced Research is the Geneva-based maison’s dedicated initiative to push the boundaries of horological innovation through cutting-edge research in materials science, mechanics, and micro-engineering. Launched in 2005 under the leadership of then president Philippe Stern, the AR initiative represents a strategic pivot for the brand— known for its reverence for tradition—toward exploring futuristic technologies while upholding artisanal excellence. Rather than producing mass-market gadgets, Advanced Research focuses on groundbreaking prototypes and limited-series timepieces that redefine what’s possible in mechanical watchmaking, often integrating patents and novel inventions. This program underscores Patek’s commitment to remaining at the forefront of the industry, with a philosophy encapsulated by the motto: “You never actually reach a new horizon. You simply move the horizon further away.” The initiative stems from Patek’s in-house R&D division, which collaborates with external experts in fields like physics, metallurgy, and nanotechnology. Its core aims include developing ultra-light, resilient, and anti-magnetic alloys to enhance movement efficiency and durability, and optimizing energy transmission and reducing friction in complex mechanisms, such as escapements and oscillators. Other innovations such as creating self-regulating systems that improve accuracy without relying on electronic aids, ensuring watches perform flawlessly in extreme conditions. AR projects are typically unveiled at major watch fairs like Watches and Wonders and result in limited editions—often under 50 pieces per model. The project has yielded several patented milestones, each a testament to Patek’s ingenuity. For example, the The ref. 5350 unveiled in 2006 was the inaugural piece featured the Spiromax balance spring, made from silicon (a first for Patek), offering superior resistance to magnetism and temperature variations. This 5Hz manual-wind caliber improved isochronism, ensuring consistent accuracy for the years to come.

Lot 809

Lot 810

Then came the ref. 5550 in 2007, an AR perpetual calendar. The 5550 debuted the Pulsomax escapement, another siliconbased innovation that minimized energy loss, paired with a new self-winding caliber for perpetual calendars. More recent developments by the Advanced Research team include Ref. 5750 in 2021. The Advanced Research Minute Repeater, is a groundbreaking limited-edition grand complication unveiled in December 2021 as the latest chapter in Patek Philippe’s Advanced Research program. Housed in a 40mm platinum case, it features a blackened dial with a distinctive crisscrossing guilloché pattern inspired by Art Deco aesthetics and automobile wheels, evoking a sense of vintage elegance with modern edge. The watch is powered by the automatic Caliber R 27 PS, a manually wound movement with a platinum micro-rotor, incorporating prior Advanced Research innovations like the Silinvar Gyromax balance spring for enhanced precision. Limited to just 15 pieces worldwide, these innovations have earned over 20 patents and influenced Patek’s production lines down the road. Patek Philippe Advanced Research is more than just R&D— it’s a horological manifesto proving that mechanical watches can evolve without compromising soul. In an era dominated by digital devices, it re-affirms the brand’s ethos: innovation as an extension of tradition, not a replacement. By patenting breakthroughs like silicon components, Patek has inspired competitors and elevated industry standards, ensuring its pieces remain relevant for generations. For collectors, these references are elusive treasures—scarce, technically profound, and philosophically resonant—symbolizing a brand that doesn’t just make watches but advances time itself. As Thierry Stern, current president, notes, “Advanced Research is our laboratory for the impossible.”

Lot 811

809.

PATEK PHILIPPE — A “like-new”, highly rare and attractive limited edition platinum perpetual calendar wristwatch with moon phases, 24-hour, leap year indication, Silinvar escape wheel, patented Spiromax balance spring and Pulsomax escapement, additional solid caseback, setting pin, Certificate of Origin and presentation box, made in a limited edition of 300 pieces

百達翡麗，「Advanced Research」型號5550P-001，極度精美罕有，限量版鉑金自動萬年曆腕錶，備月相、24小時、閏年顯示、專利矽材質擒縱齒輪、游絲擺輪，限量發行300枚，約2012年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 2012

Reference No. 5550P-001 Movement No. 5’627’685 Case No. 4’764’867 Model Name Advanced Research Material

Platinum

Calibre Automatic, cal. 240 Q, 25 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 37mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 500,000–800,000 USD 64,100–103,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd. Hong Kong, dated 29 November 2012, instruction manual, product literature, leather folio, additional solid caseback, setting pin, hang tag, fitted winding presentation box and outer packaging.

Launched in 2011, the ref. 5550P was produced as a limited edition of 300 pieces and remains today one of the most coveted expressions of the Advanced Research concept. It was the first Patek Philippe wristwatch to incorporate three silicon‑based components working in unison: a Silinvar balance wheel, the patented Spiromax balance spring, and the Pulsomax escapement. Together, they offered unprecedented stability, lubrication‑free performance, enhanced chronometry, and long‑term reliability. Fresh-to-the-market, the present example is offered in “likenew” condition from the original owner and is accompanied by its full set of accessories including an additional solid caseback. Only approximately 15 examples are known publicly. As one of the defining creations of the Advanced Research Division, the ref. 5550P stands not only as a highly collectible Patek Philippe but also as a milestone marking the brand’s boldest step into the future of watchmaking.

PATEK PHILIPPE

Ref. 5550P-001, Advanced Research

810.

PATEK PHILIPPE — An unworn and rare limited edition platinum annual calendar wristwatch with center seconds, moon phases, power reserve indication, “Salmon” dial, patented Spiromax balance spring and Pulsomax escapement, Certificate of Origin, setting pin and presentation box, made in a limited edition of 300 pieces, Single-factory-sealed

百達翡麗，「Advanced Research」型號5450P-001，十分精細罕有，限量版鉑金自動年曆腕錶，備「Salmon」錶盤、中心秒針、專利矽材質擒縱齒輪、游絲擺輪、動力儲存、月相顯示，限量發行300 枚，約2008年製。附原裝證書、調整筆、錶盒 — 原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2008

Reference No. 5450P-001 Movement No. 3’900’045 Case No. 4’429’116 Model Name Advanced Research Material

Platinum

Calibre Automatic, cal. 324 S IRM QA LU (SI), 34 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 300,000–500,000 USD 38,500–64,100 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong dated 22nd December 2008, instruction manual, product literature, leather folio, setting pin, hang tag, fitted presentation box and outer packaging.

811.

PATEK PHILIPPE — A well-preserved, fine and rare limited edition pink gold annual calendar wristwatch with center seconds, moon phases, power reserve indication, patented Spiromax balance spring and Pulsomax escapement, Certificate of Origin and presentation box, one of a limited edition of 300 pieces

百達翡麗，「Advanced Research」型號5350R-001，精細罕有，限量版玫瑰金自動年曆腕錶，備中心秒針、專利矽材質擒縱齒輪、游絲擺輪、動力儲存、月相顯示，限量發行300枚，2007年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2007

Reference No. 5350R-001 Movement No. 3’686’284 Case No. 4’375’181 Model Name Advanced Research Material

18K pink gold

Calibre Automatic, 324/267 S IRM QA LU, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 250,000–450,000 USD 32,100–57,700 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd. dated 16 October 2007, instruction manual, product literature, 2007-2024 Full Moon Calendar, hang tag, leather folio, fitted presentation box and outer packaging.

CHRONOGRAPHS BY A. LANGE & SÖHNE

A. Lange & Söhne, the prestigious German watchmaking house founded in 1845 by Ferdinand Adolph Lange in Glashütte, is celebrated by collectors worldwide for its uncompromising commitment to horological excellence, and its chronograph watches stand as a testament to this legacy. Renowned for blending technical sophistication with aesthetic refinement, Lange chronographs are among the most revered timepieces in haute horlogerie, embodying the brand’s ethos of crafting watches entirely in-house with meticulous attention to detail. Since the company’s revival in 1990 by Walter Lange and Gunter Blumlein, following decades of dormancy after World War II, A. Lange & Söhne has re-established itself as a pinnacle of German watchmaking, with its chronographs earning particular acclaim for their innovative complications and flawless execution. Lange’s chronograph watches are distinguished by their incredible movements - designed, assembled, and finished by hand entirely by Lange in Glashütte. Unlike many luxury watchmakers that rely on existing movements, Lange’s in-house calibers, such as the L951.1 found in the iconic first generation Datograph featured in this collection, are engineered with extraordinary precision and complexity. Lange’s movements often feature advanced functions, and their chronographs are no exception. The flyback function allows the chronograph to be reset and restarted instantly, and split-seconds capabilities, as seen in the Double Split, which can time two simultaneous events. The integration of additional complications, such as perpetual calendars, also featured in this collection, further elevates these timepieces, showcasing Lange’s technical prowess.

Lot 812

Lot 813

Aesthetically, Lange chronographs are a study in understated elegance, balancing functionality with timeless beauty. Their dials, often crafted in silver, exhibit meticulous attention to legibility and symmetry, with sub-dials arranged for optimal clarity. The watch cases, all made of precious metals like 18-karat gold or platinum, are also polished to perfection with bevelling on every surface, while sapphire casebacks reveal the intricate artistry of the movement, including hand-engraved balance cocks—a signature of Lange’s craftsmanship. Every component, from the blued steel hands to the polished screws, reflects the brand’s dedication to finishing techniques that rival the finest in the industry. In this particular collection, Phillips is featuring Iconic models like the Datograph introduced in 1999, it re-defined the modern chronograph with its oversized date aperture (also a Lange hallmark) and perfectly balanced dial layout, earning it a cult following among collectors. The Double Split, launched in 2004, pushed boundaries further as the world’s first chronograph with a double rattrapante, capable of measuring two elapsed times up to 30 minutes. More recent additions, such as the Datograph Perpetual, continue to showcase Lange’s ability to innovate while honoring its heritage. Lange chronographs are not merely timekeeping instruments but works of art that embody the brand’s ethos: “Never stand still.” They appeal to discerning collectors and enthusiasts who value the fusion of German engineering, horological innovation, and aesthetic refinement. Each watch, produced in limited quantities, represents a legacy of craftsmanship that has solidified A. Lange & Söhne’s place at the forefront of luxury watchmaking.

Lot 814

Lot 815

812.

A. LANGE & SÖHNE — A “like-new” and unworn platinum flyback chronograph wristwatch with large date, tachymeter scale, guarantee and presentation box

朗格，「Datograph, First Generation」型號 403.035，精細罕有，鉑金飛返計時腕錶，備特大日曆視窗，約1999年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 1999

Reference No. 403.035 Movement No. 29’916 Case No. 136’278 Model Name Datograph, First Generation Material

Platinum

Calibre Manual, cal. L951.1, 40 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum A. Lange & Söhne pin buckle Dimensions 39mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 250,000–450,000 USD 32,100–57,700 Accessories Accompanied by A. Lange & Söhne undated guarantee stamped Sincere Watch Ltd., Hong Kong, instruction manual, fitted presentation box and outer packaging.

Launched in 1999, the A. Lange & Söhne Datograph is widely regarded by collectors as one of the finest modern chronograph wristwatches ever produced. The Datograph features an in-house manual movement, meticulously finished with Glashütte stripes and a signature hand-engraved balance cock. The oversized date display, inspired by the Dresden Semper Opera clock, is prominently positioned at 12 o’clock for optimal legibility. The first generation of the Datograph boasts a 39mm case diameter and lacks a power reserve indication, lending the dial a clean and minimalist appeal. The platinum case paired with a black dial represents the original Datograph that captivated collectors and connoisseurs alike when it debuted at Baselworld in 1999. In 2012, the model was upgraded to a larger 41mm case and included a power reserve indication at 6 o’clock, with baton indexes replacing the Roman numerals. The present example from circa 1999, belongs to the model’s first generation, identifiable by the ‘METER’ tachymeter scale, which was later changed to ‘METERS’ in subsequent productions. This subtle yet significant detail is highly sought after by collectors of early Datograph versions. Complete with its original guarantee and presentation box, the present timepiece is offered in “like-new” condition.

813.

A. LANGE & SÖHNE — A “like-new”, rare and highly attractive platinum perpetual calendar flyback chronograph wristwatch with moon phases, power reserve, day/night, leap year indication, guarantee and presentation box

朗格，「Datograph Perpetual, First Generation」型號 410.025，鉑金萬年曆飛返計時腕錶，備月相、動力儲存、日夜、閏年顯示，約2008年製。附原裝證書、錶盒、調整筆 Manufacturer

A. Lange & Söhne

Year

Circa 2008

Reference No. 410.025 Movement No. 53’043 Case No. 163’096 Model Name Datograph Perpetual, First Generation Material

Platinum

Calibre Manual, cal. L952.1, 45 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum A. Lange & Söhne deployant clasp Dimensions 41mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 320,000–640,000 USD 41,000–82,100 Accessories Accompanied by A. Lange & Söhne guarantee stamped Carlson Watch Co. Ltd. Hong Kong, dated 15 February 2008, instruction manual, product literature, setting pin, leather folio, fitted presentation box and outer packaging.

Unveiled in 1999, the Datograph quickly established A. Lange & Söhne as one of the pre‑eminent makers of chronograph wristwatches, its movement and design hailed as among the finest of the modern era. Building upon this success, the maison expanded the line in 2006 with the introduction of the Datograph Perpetual in platinum, presented at the Salon International de la Haute Horlogerie (SIHH). Produced for only five years, until 2011, the model has since become a coveted reference, admired for both its technical mastery and enduring design. The watch combines a solid rhodium‑silver dial and 41 mm platinum case, producing a refined monochromatic aesthetic. Subtle accents— a hint of blue within the day/night indicator and moon‑phase aperture—echo the blued steel hands in the subdials, lending quiet vibrancy to the otherwise restrained palette. A hallmark of the Datograph Perpetual lies in this juxtaposition: the delicacy of its dial balanced against the unmistakable gravitas of its case. The present example belongs to the first generation, distinguished by its II, VI, and X Roman numerals, a feature later replaced by baton markers in rose and white‑gold successors. Preserved in “like-new” condition and offered with its complete set of accessories, it stands as both a flagship of the manufacture and a rare opportunity for the discerning collector. With production limited and examples seldom appearing publicly, the Datograph Perpetual underscores A. Lange & Söhne’s enduring commitment to traditional Saxon watchmaking—a legacy that now spans more than 175 years.

A. LANGE & SÖHNE

Ref. 410.025, Datograph Perpetual, First Generation

814.

A. LANGE & SÖHNE — A “like-new” and impressive platinum double split-seconds flyback chronograph wristwatch with power reserve indication, guarantee and presentation box

朗格，「Double Split」型號404.035，十分精細，鉑金飛返雙追針計時腕錶，備動力儲存顯示，約2004年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 2004

Reference No. 404.035 Movement No. 44’596 Case No. 154’577 Model Name Double Split Material

Platinum

Calibre Manual, cal. L001.1, 40 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum A. Lange & Söhne deployant clasp Dimensions 43mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 400,000–600,000 USD 51,300–76,900 Accessories Accompanied by A. Lange & Söhne undated guarantee stamped Richemont Asia Pacific Ltd., instruction manual, cloth, leather folio, fitted presentation box and outer packaging.

In 2004, the firm introduced the Double Split. Marking an important moment for the history of horology, the A. Lange & Söhne Double Split is the first wristwatch in the world to feature a flyback chronograph with double rattrapante mechanism. Housed in the large 43mm diameter case lies the metropolis of in-house caliber. L001.1. At immediate glance, most would think that the Double Split is just a pumped-up variant of the Datograph due to its similar case design and dial layout. However, the Double Split is slightly more complex than your regular Datograph. Fitted with a split-seconds hand, the chronograph can perform lap time measurements and time comparisons. With a movement that comprises of 465 individual components, the Double Split is most definitely a complicated timepiece to execute. Executed to the highest of quality, the present A. Lange & Söhne Double Split in platinum from circa 2004 is in “likenew” condition and complete with its original guarantee and presentation box.

815.

A. LANGE & SÖHNE — A well-preserved, rare and attractive pink gold flyback chronograph wristwatch with black dial, guarantee and presentation box

朗格，「1815 Chronograph, First Generation」型號 401.031，罕有，玫瑰金飛返計時腕錶，約2005年製。附錶盒、原裝證書 Manufacturer

A. Lange & Söhne

Year

Circa 2005

Reference No. 401.031 Movement No. 43’351 Case No. 155’911 Model Name 1815 Chronograph, First Generation Material

18K pink gold

Calibre Manual, cal. 951.0, 34 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold A. Lange & Söhne pin buckle Dimensions 39.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by A. Lange & Söhne undated guarantee stamped Richemont Asia Pacific Limited, instruction manual, leather folio, fitted presentation box and outer packaging.

In 1996, Walter Lange released the 1815 Collection in honour of Ferdinand’s birth in 1815, and while the watches ranged in design from time only to complications timepieces, they all featured large cases with railway-track minute scale, and Arabic numerals all reminiscent of their traditional past and fine pocket watches manufacturing. The present 18K pink gold 1815 Chronograph from the first generation produced between 2004 and 2008 is a wonderful representation of the goals set forward by Walter Lange. The watch combines traditional watch making with 21st century engineering with the calibre 951, their renowned chronograph movement first used in 1999 in their Datograph model. The flyback mechanism allows the hands to zero reset for immediate new measurements. The black dial with two silvered subsidiary dials plays off the pink gold of the case and has a bold masculine aesthetic. This example is very appealing and is accompanied by its guarantee and original presentation box. It is an opportunity to own a first generation 1815 Chronograph by A. Lange & Söhne.

PATEK PHILIPPE REF. 5100 THE ‘MANTA RAY’

The Patek Philippe Reference 5100, often referred to by collectors as the “Manta Ray” or the “Millennium” watch, is a limited-edition rectangular shaped watch launched in 2000 to herald the new millennium—a bold fusion of vintage-inspired design and cutting-edge horological innovation. Drawing aesthetic cues from the rare 1950s Reference 2554 (nicknamed for its flared, fin-like lugs resembling a manta ray’s wings), the 5100 updates this motif with a larger, more architectural 35mm x 33mm tonneau-shaped case in precious metals, featuring sharply angled sides, a Calatrava cross-embossed crown, and a sapphire caseback engraved with “Year 2000 Patek Philippe.” The dial, available in silvery white (yellow gold), slate gray (rose gold), midnight blue (white gold), or black (platinum), displays hours, minutes, small seconds at 6 o’clock, and a linear 10-day power reserve indicator at 3 o’clock, all powered by the manual-wind Caliber 28-20/220 with 29 jewels, while operating at 2.5Hz for chronometer-certified precision. Each watch came with a silver commemorative coin depicting the iconic sculpture at Patek’s Geneva manufacture, housed in a dedicated presentation box. Production totalled exactly 3,000 pieces: 18K yellow gold (5100J) – 1,500 pieces made 18K rose gold (5100R) – 750 pieces made 18K white gold (5100G) – 450 pieces made Platinum (5100P) – 300 pieces made after which the casemaking tooling at Patek Philippe were destroyed to ensure irreplaceability.

While the 5100 stands alone as a singular release, it anchors a broader “series” in Patek’s shaped-movement lineage, evolving through subsequent references like the 5101 (with a 7-day power reserve and an additional date display) and the 5200 Gondolo, all sharing the rectangular Caliber 28-20 family. These models represent Patek’s final foray into non-round cases before a shift toward more conventional forms. The Ref. 5100 is more than a collector’s curiosity—it’s a horological milestone that addressed one of watchmaking’s eternal challenges: power storage in a slim profile. At a mere 8.5mm thick, it achieved a then-record 10-day reserve through innovative twin barrels and a high-efficiency gear train, marking the first-ever wristwatch to do so, and earning a place in Patek’s pantheon of “firsts” alongside the Calibre 89 and Star Caliber 2000 (both also millennium releases). Unveiled under Philippe Stern’s presidency, it symbolized the brand’s transition into the third millennium, blending nostalgic 1950s flair with forwardthinking engineering. The timepieces were presented with an additional special fitted set of four ref. 5100 Patek Philippe presentation box. The presentation box will be a complimentary offer to the successful winner of all 4 lots (Lot 816, 817, 818, 819) to reunited them altogether.

816.

PATEK PHILIPPE — A well-preserved, attractive and rare limited edition platinum rectangular-shaped wristwatch with small seconds, 10-days power reserve indication, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 300 pieces, made to commemorate the New Millennium

百達翡麗，「Manta Ray」型號5100P-001，精細罕有，限量版鉑金長方形腕錶，備十日動力儲存顯示、小秒針，為紀念千禧年限量發行300枚鉑金版本，約2001年製。附原裝證書、錶盒、紀念幣、配件 Manufacturer

Patek Philippe

Year

Circa 2001

Reference No. 5100P-001 Movement No. 3’202’972 Case No. 4’124’055 Model Name Manta Ray Material

Platinum

Calibre Manual, cal. 28-20 REC 10J PS IRM, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 34mm width x 46mm length Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Geneva dated 9 July 2001, limited edition Attestation, COSC certification dated 15 December 2000, instruction manual, product literature, commemorative medal with display stand, hang tag, leather folio, fitted presentation box and outer packaging.

817.

PATEK PHILIPPE — A well-preserved and attractive limited edition white gold rectangular-shaped wristwatch with small seconds, 10-days power reserve indication, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition for 450 pieces, made to commemorate the New Millennium

百達翡麗，「Manta Ray」型號5100G-001，精細罕有，限量版白金長方形腕錶，備十日動力儲存顯示、小秒針，為紀念千禧年限量發行450枚白金版本，約2001年製。附原裝證書、錶盒、紀念幣、配件 Manufacturer

Patek Philippe

Year

Circa 2001

Reference No. 5100G-001 Movement No. 3’203’494 Case No. 4’091’430 Model Name Manta Ray Material

18K white gold

Calibre Manual, cal. 28-20 REC 10J PS IRM, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 34mm width x 46mm length Signed Case, dial, movement and buckle signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Geneva dated 9 July 2001, limited edition Attestation, COSC certification dated 19 February 2001, product literature, commemorative medal with display stand, hang tag, leather folio, fitted presentation box and outer packaging.

818.

PATEK PHILIPPE — A well-preserved and attractive limited edition pink gold rectangular-shaped wristwatch with small seconds, 10-days power reserve indication, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 750 pieces, made to commemorate the New Millennium

百達翡麗，「Manta Ray」型號5100R-001，精細罕有，限量版玫瑰金長方形腕錶，備十日動力儲存顯示、小秒針，為紀念千禧年限量發行750枚玫瑰金版本，約2001年製。附原裝證書、錶盒、紀念幣、配件 Manufacturer

Patek Philippe

Year

Circa 2001

Reference No. 5100R-001 Movement No. 3’201’027 Case No. 4’102’735 Model Name Manta Ray Material

18K pink gold

Calibre Manual, cal. 28-20 REC 10J PS IRM Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 34mm width x 46mm length Signed Case, dial, movement and buckle signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Geneva dated 9 July 2001, limited edition Attestation, COSC certification dated 28 February 2000, instruction manual, product literature, commemorative medal with display stand, hang tag, leather folio, fitted presentation box and outer packaging.

819.

PATEK PHILIPPE — A well-preserved and attractive limited edition yellow gold rectangular-shaped wristwatch with small seconds, 10-days power reserve indication, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 1500 pieces, made to commemorate the New Millennium

百達翡麗，「Manta Ray」型號5100J-001，精細罕有，限量版黃金長方形腕錶，備十日動力儲存顯示、小秒針，為紀念千禧年限量發行1500枚黃金版本，約2001年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2001

Reference No. 5100J-001 Movement No. 3’202’642 Case No. 4’110’765 Model Name Manta Ray Material

18K yellow gold

Calibre Manual, cal. 28-20 REC 10J PS IRM, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 34mm width x 46mm length Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Geneva dated 9 July 2001, limited edition Attestation, COSC certification dated 8 March 2001, instruction manual, product literature, commemorative medal with display stand, hang tag, leather folio, fitted presentation box and outer packaging.

THE ART OF ENAMELLING

Enamel dials represent one of Swiss horology’s most exquisite and labor-intensive crafts, where powdered glass is fused to a metal base—typically gold or silver—via high-temperature kilning around 800–1,000°C to create a vitreous, glossy surface. This ancient technique, dating back to Egyptian and Roman jewelry over 3,000 years ago, was refined in the 17th century by Swiss and French enamellers for watch dials, transforming functional timepieces into art on your wrist. The process yields a durable, non-tarnishing finish with unparalleled depth of color and luminosity, often hand-painted with intricate motifs like landscapes, portraits, or guilloché patterns, and at times, maps. Enameling has its own variants include cloisonné, where thin wires outlining designs, champlevé, where engraved cells are filled with enamel, and grand feu - multiple low-temp firings for translucency. While laboriously slow—each piece may require 20–50 firings and months of work—enamel dials elevate watches from mere instruments to heirlooms, prized for their resistance to aging and ability to capture light with jewel-like vibrancy. Enamel dials emerged as a hallmark of haute horlogerie during the Enlightenment, when pocket watches became status symbols for European aristocracy. Makers like Abraham-Louis Breguet and Jean-Antoine Lépine commissioned enamellers in Geneva and Blois to adorn dials with bespoke scenes—think pastoral idylls or mythological figures—turning timekeeping into personal narrative. By the 19th century, firms like Patek Philippe and Vacheron Constantin integrated enamel into their output. Technically speaking, enamel dials’ significance lies in its alchemy: the shrinkage during cooling (can be up to 30%) demands masterful control to avoid cracks, while its vitreous hardness ensures longevity, far outlasting painted or lacquered alternatives that fade or chip over time.

In modern watchmaking, enamel persists as a bulwark against industrialized mass production. Brands like Patek Philippe, Jaeger-LeCoultre, and Ulysse Nardin employ third-generation artisans, often in dedicated studios, to revive this craft amid the quartz dominance since the 1970s. The process’s unforgiving nature—with defect rates often exceed 50%—underscores its exclusivity, with each dial a unique artifact bearing subtle imperfections that testify to human touch. Beyond utility, enamel dials imbue watches with poetic depth: their iridescence shifts with angle, evoking stained glass or porcelain, while motifs add storytelling—floral cloisonné for romance, engine-turned guilloché for geometry. In an era of digital uniformity, enamel dials re-affirm mechanical watches as bastions of patience and artistry, where time isn’t just measured but eternally embellished. As Patek’s Philippe Stern once reflected, “Enamel is the soul of the dial—fragile, yet indestructible.”

820.

PATEK PHILIPPE — A unique, exceptionally fine and well-preserved yellow gold pocket watch with miniature enamel by Suzanne Rohr reproducing the painting “Lord Rivers and his friends” after JacquesLaurent Agasse and Extract from the Archives—freshly unsealed from factory service-sealed condition

百達翡麗，「“Lord Rivers and his Friends – J.L. Agasse”」型號866/54，獨一無二、極度精美，黃金懷錶，備Suzanne Rohr臨摹Jacques-Laurent Agasse 繪畫微繪琺瑯底蓋、小秒針，1975年製。附後補證書 — 原廠保養單封後，剛開封品 Manufacturer

Patek Philippe

Year

1975

Reference No. 866/54 Movement No. 932’434 Case No. 433’673 Model Name “Lord Rivers and his friends – J.L. Agasse” Material

18K yellow gold

Calibre Manual, cal, 17-170, 18 jewels Dimensions 47mm diameter Signed Case, dial and movement signed Estimate HKD 1,000,000–2,000,000 USD 128,000–256,000 Accessories Delivered with Patek Philippe Extract from the Archives confirming production of the present timepiece in 1975 and its subsequent sale on in January 1981.

The present ref. 866/54 pocket watch, is adorned with a miniature enamel of exceptional pedigree, executed by none other than Suzanne Rohr, revered as one of the greatest enamelers of the 20th century. Proficient in every technique but most celebrated for her cloisonné and miniature enamels, she worked exclusively for Patek Philippe from 1967 until her retirement in 2016. Over a career spanning nearly half a century, her production scarcely exceeded 100 pieces—an average of just two per year. This rarity, together with her unparalleled craftsmanship, has ensured that Rohr‑decorated watches are among the most coveted treasures of the house. The importance of her oeuvre is underscored by the Patek Philippe Museum, which proudly holds 26 of her works—about one‑quarter of her lifetime output. Commissioned early in her career, signed “S. Rohr 1975” at the bottom right corner, the present enamel caseback demonstrates Rohr’s precocious mastery. It reproduces “Lord Rivers and his Friends” by Jacques‑Laurent Agasse, a celebrated animal and landscape painter of the early 19th century. The subject itself is steeped in rich artistic and aristocratic history. Lord Rivers (George Pitt, later Baron Rivers) was a prominent London aristocrat, friend of the Prince of Wales, and one of Agasse’s most loyal patrons. Having met in Geneva in the 1790s, Lord Rivers invited Agasse to England and commissioned numerous works, particularly of his beloved horses and greyhounds. Through Rivers’s patronage, Agasse established his reputation as one of the era’s foremost animal and landscape painters.

Rohr’s enamel translation of this masterpiece is a triumph in its own right. She not only conveyed the composition faithfully but also imbued it with the luminosity unique to kiln‑fired enamel: a vibrancy that no oil on canvas can precisely match. The subtle gradations of color, the minute detailing of figures and animals, and the atmospheric rendering of hazy distance all testify to her genius. Offered in exceptional condition with its Extract from the Archives, this pocket watch was in the collection of the present owner for nearly 20 years. Recently unsealed from its factory service-sealed condition, this pocket watch embodies the highest synthesis of art and watchmaking and represents a rare opportunity for the most discerning connoisseurs to acquire a one-of-a-kind piece where history, craftsmanship, and beauty converge.

PATEK PHILIPPE

“Lord Rivers and his friends” by Suzanne Rohr

821.

PATEK PHILIPPE — A unique, exceptional and well-preserved yellow gold openface pocket watch with enamel miniature painted by M. Bischoff reproducing a 1784 painting “Guerriers Hawaiiens” by John Webber and Extract from the Archives

百達翡麗，「“Guerriers Hawaiiens”」型號866/48，極度精細及獨一無二，黃金微繪琺瑯懷錶，由琺瑯大師M. Bischoff臨摹John Webber之微繪琺瑯作品， 1974年製。附後補證書 Manufacturer

Patek Philippe

Year

1974

Reference No. 866/48 Movement No. 932’347 Case No. 433’585 Model Name “Guerriers Hawaiiens” Material

18K yellow gold

Calibre Manual, cal. 17’’’170, 18 jewels Dimensions 47mm diameter Signed Case, dial and movement signed Estimate HKD 1,000,000–2,000,000 USD 128,000–256,000 Accessories Delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece with enamel scene after a painting by John Webber in 1974 and its subsequent date of sale on 16th December 1974.

Marthe Bischoff (1900-1991), one of the finest miniature enamelers of the past century, produced a remarkably small number of pocket watches for Patek Philippe during her career, with only a handful are known to exist today. Her works are less frequently encountered than those of the more famous Suzanne Rohr. Two of her masterpieces, “The Hunt” (1971) and “The First Consul Crossing the Alps at Great Saint Bernard Pass” (1970), are on permanent display at the Patek Philippe Museum. The present piece, however, was completed when Bischoff was 74 years old. “A Canoe of the Sandwich Islands, the Rowers Masked”, John Webber, circa 1784 The inspiration for this miniature enamel comes from an 18th century drawing by John Webber (1752-1793). Webber was the official artist on British explorer Captain James Cook’s third and final voyage to the Pacific from 1776 to 1780. Born in London, England, in 1751, he was trained as an artist and tasked with creating illustrations of the places and people encountered during the voyage. His sketches were later used to produce engravings for the official account of the journey, published after Cook’s death. Webber aimed to provide a more vivid representation than could be conveyed through written descriptions. During Cook’s third voyage, he sought to discover the Northwest Passage between the Atlantic Ocean and the Pacific coast of North America. The present enamel miniature captures Webber’s depiction of a scene from his time in the “Sandwich Islands”,

the European name for the Hawaiian Islands, which Cook named in 1778 in honor of John Montagu, the 4th Earl of Sandwich. The name was widely used by foreigners in the 19th century, although the native name, Hawai‘i, has since been restored. The enamel illustrates a notable image of ten Hawaiian rowers transporting a priest carrying a feather-covered representation of Kukailimoku, the Hawaiian god of war. The priests and paddlers are all adorned with gold masks as they navigate a double-hulled canoe with an upright sail. These double-hulled or singlehulled outrigger canoes were the primary mode of transport in Polynesian Hawaii. The smaller canoes, like the one depicted here, were carved from a single great Hawaiian Koa log harvested from the rainforest, then shaped and brought down to the coast. The craftsmanship is magnificent, beautifully capturing the scenery of this remarkable expedition, with the sky, ocean, and clouds enhancing the canoe’s presence. Well-preserved since its auction debut in 2006, it has remained in a safe without further intervention. The present “Guerriers Hawaiiens” is a true culmination of watchmaking and fine art, showcasing Patek Philippe’s preeminence in the field.

PATEK PHILIPPE

“Guerriers Hawaiiens” by M. Bischoff

822.

VACHERON CONSTANTIN — An extremely rare, intricate and well-preserved yellow gold wristwatch with retrograde hours and minutes, polychrome champlevé enamel dial depicting Chinese zodiac, certificate and presentation box

江詩丹頓，「Mercator」型號43050/000J，十分精細罕有，黃金自動腕錶，備逆跳讀時及分鐘，中國生肖圖案內填琺瑯錶盤，約1998年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 1998

Reference No. 43050/000J Movement No. 690’301 Case No. 684’295 Model Name Mercator Material

18K yellow gold

Calibre Automatic, cal. K1120, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Vacheron Constantin deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 250,000–450,000 USD 32,100–57,700 Accessories Accompanied by Vacheron Constantin certificate dated 3 July 1998 stamped Watches of Switzerland LTD, London, product literature, fitted presentation box and outer packaging.

An unconventional watch with twin retrograde hands in the form of a compass, the Vacheron Constantin Mercator was introduced in 1994, commemorating the 400th anniversary of Gerardus Mercator’s passing. When the CEO of Vacheron Constantin at the time, Claude-Daniel Proellochs, was presented with this idea, the executive was instantly captivated by the intriguing design and thus solidified their decade-long partnership in producing the Mercator. According to the archives, only 638 pieces were made in those 10 years, with a handful of different variants, depicting different corners of the globe. The Mercator dials are signed with “J&L Genbrugge”– an uncommon practice, considering brands have historically kept enamellers in the shadows. Much soughtafter for its bi-retrograde time display, the center piece of the watch is no doubt its dial, where art and history meet. As previously mentioned, Mercator watches often feature maps of various continents, such as Africa, Europe and Asia. What sets the present example apart is its exquisitely hand-crafted polychrome champlevé enamel dial, which depicts the twelve animals of the Chinese zodiac encircling a radiant sun at the center. On the reverse, the watch reveals a 21K gold rotor edge engraved with “1594 – Gerard Mercator – 1994,” commemorating the cartographer’s legacy. Time is elegantly indicated by hands shaped like the legs of an early hand-held marine compass, reminiscent of the instruments Mercator himself might have used. With only two other examples known publicly in the auction market, the present example is the third to appear and fresh-to-the-market, it is exceptionally well-preserved and accompanied by its original accessories.

VACHERON CONSTANTIN

Mercator, Chinese zodiac

823.

ULYSSE NARDIN — A “like-new”, whimsical, incredibly fine and rare limited edition platinum minute repeating automata wristwatch with cloisonné enamel dial depicting jungle motif and presentation box, numbered 1 of a limited edition of 18 pieces

雅典，「Jungle Jaquemarts」型號729-20，極度精細罕有，限量版鉑金三問腕錶，備小秒針、熱帶森林掐絲琺瑯錶盤、活動人偶，限量發行18枚，編號1號，約2000年製。附原裝錶盒 Manufacturer

Ulysse Nardin

Year

Circa 2000

Reference No. 729-20 Movement No. 01 Case No. 01 Model Name Jungle Jaquemarts Material

Platinum

Calibre Manual, cal. UN-72, 32 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Ulysse Nardin pin buckle Dimensions 39mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 300,000–500,000 USD 38,500–64,100 Accessories Accompanied by Ulysse Nardin fitted presentation box and outer packaging.

In 1983, Rolf Schnyder acquired the esteemed Ulysse Nardin manufacture, transforming the storied brand into a leading innovator alongside the brilliant watchmaker, philosopher and poet Ludwig Oechslin. Together, they crafted exceptional wristwatches featuring ingenious complications once thought exclusive to pocket watches and clocks, captivating the watch world with their whimsical creations. The present Jungle Jaquemarts embodies this inventive spirit with its enchanting charm. Ulysse Nardin was one of the first manufacturers to embrace the revival of the minute repeater. To enhance the complexity of this function, the brand incorporated automaton figures known as “Jaquemarts” onto the dial, making it the only manufacture in the world to utilize “Jaquemarts” in its minute repeaters.

Building on this concept, Ulysse Nardin pushed the boundaries of creativity by integrating animal “Jaquemarts” into a vividly colored jungle landscape depicted on two superposed cloisonné enamel dials. Housed within a 39mm platinum case, the twotier dials create a three-dimensional illusion of the jungle’s flora and fauna. Activating the minute repeater slider brings the jungle to life: the tiger’s paw and the toucan move forward while a small fish jumps off the rocks into the water, marking the running seconds. Each exquisitely detailed figure performs in synchronized choreography with the enchanting chime sequence of the minute repeater, indicating the hours, quarters, and minutes on command. Powered by Ulysse Nardin’s manually wound caliber UN72, this remarkable piece is one of only 18 limited editions produced in platinum, dazzling as number 1 and remaining unworn throughout the years. Extremely rare to find, this Jungle Jaquemarts is a masterful automata timepiece that exemplifies Ulysse Nardin’s creativity and whimsical ingenuity. The intricate cloisonné work is of exceptional beauty and quality, sure to captivate connoisseurs with its high level of complications and the exquisite craftsmanship required for the creation of the dial.

ULYSSE NARDIN Jungle Jaquemarts N°1

824.

PATEK PHILIPPE — A very fine and rare limited edition white gold wristwatch with cloisonné enamel dial depicting a goat, Certificate of Origin and presentation box, one of a limited edition of 12 pieces made for the Year of the Goat

百達翡麗，「Calatrava Rare Handcrafts “Goat”」型號 5075G-034，十分精細罕有，限量版白金自動腕錶，備掐絲琺瑯錶盤，特為羊年限量發行12枚，約2004年製。附原裝證書、錶盒、配件 Manufacturer

Patek Philippe

Year

Circa 2004

Reference No. 5075G-034 Movement No. 3’238’624 Case No. 4’252’639 Model Name Calatrava Rare Handcrafts “Goat” Material

18K white gold

Calibre Automatic, cal. 240, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 300,000–500,000 USD 38,500–64,100 Accessories Accompanied by Patek Philippe undated Certificate of Origin stamped Sincere Watch Singapore, leather portfolio with photograph, leather folio, product literature, fitted presentation box and outer packaging.

The reference 5075 was first introduced in 2000 as part of a limited set of four pieces and was re-released each year with different cloisonné dials until 2004, when it was succeeded by references 5076 and 5077. The present 5075 is part of the “Zodiac” series, and it is believed that only 12 sets of four were ever created. The case design exemplifies the elegant simplicity for which Patek Philippe is renowned, featuring a bold, tapered bezel and a timeless 36mm case diameter. The current dial showcases a green goat motif adorned with green and white enamel, symbolizing gentleness, artistic talent, prosperity, and kindness in Chinese culture. Having remained in the same collection for over 20 years, this example is exceptionally well-preserved and comes with its original Certificate of Origin, leather portfolio with photographs and presentation box.

PATEK PHILIPPE

Calatrava Rare Handcrafts “Goat”

825.

ULYSSE NARDIN — A “like-new” and unworn limited edition platinum wristwatch with cloisonné enamel dial, certificate and presentation box, numbered 2 of a limited edition of 30 pieces, made to commemorate the Flying Cloud clipper ship’s record-breaking voyage from New York to San Francisco within 89 days in 1851

雅典，「Chronometer San Marco, Flying Cloud」型號 139-10，精美罕有，限量版鉑金掐絲琺瑯自動腕錶，特為紀念「飛雲號」於1851年以89天創下紐約至三藩市最快航行紀錄限量發行30枚，編號2號，約2004年製。附原裝證書、錶盒 Manufacturer

Ulysse Nardin

Year

Circa 2004

Reference No. 139-10 Movement No. UN27-03120 Case No.

02/30

Model Name Chronometer San Marco, Flying Cloud Material

Platinum

Calibre Automatic, cal. 2892A2, 38 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Ulysse Nardin pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed

Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Ulysse Nardin undated certificate stamped Carlson Hong Kong, Ulysse Nardin limited edition certificate, COSC certificate dated 23 April 2004, instruction manual, product literature, fitted presentation box and outer packaging.

The present Ulysse Nardin San Marco Chronometer showcases a stunning cloisonné enamel dial that portrays the remarkable Flying Cloud clipper ship. During the early days of the California Gold Rush, the most expeditious means of traveling from New York to San Francisco was by ship, a journey that typically spanned 200 days. However, in 1851, the Flying Cloud shattered records by completing the voyage in a mere 89 days, a record that remained unbroken until 1989. To commemorate this incredible feat, Ulysse Nardin meticulously crafted a miniature cloisonné enamel dial. The creation of each individual dial necessitates over half a meter of fine gold wire, measuring a mere 0.07mm in thickness. Moreover, it involves more than 26 baking processes, requiring a total of over 50 hours to complete. The present timepiece, which comes in platinum and is numbered 2 out of a limited edition of 30 pieces, is offered in “like-new” condition. Furthermore, it is accompanied by a full set of accessories.

ULYSSE NARDIN

Chronometer San Marco, Flying Cloud N°2

826.

JAEGER-LECOULTRE — An extremely rare, unworn and artistic limited edition yellow gold rectangularshaped reversible wristwatch with small seconds, 8-day power reserve, date indication, grand feu white enamel dial and miniature painting after a painting by Caspar David Friedrich “Die Lebensstufen”, certificate and presentation box, numbered 1 of a limited edition of 5 pieces

積家，「Grand Reverso Email Friedrich」型號 246.1.15, Q3761408，十分精細，限量版黃金翻轉式腕錶，備大明火白色琺瑯錶盤、日期、8天動力儲存顯示，配臨摹德國著名畫家卡斯帕·大衛·弗里德里希畫作的微繪琺瑯錶盤，限量發行5枚，編號1號，約2005製。附原裝證書、錶盒 Manufacturer

Jaeger-LeCoultre

Year

Circa 2005

Reference No. 246.1.15, Q3761408 Case No. 2’077’488, No. 1/5 Model Name Grand Reverso Email Friedrich Material

18K yellow gold

Calibre Manual, cal. 875, 25 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Jaeger-LeCoultre deployant clasp Dimensions 29mm width x 46.5mm length Signed Case, dial, movement and clasp signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by undated Jaeger-LeCoultre certificate stamped Carlson Watch Co. LTD Hong Kong, instruction manual, fitted presentation box, outer packaging and a copy of purchase invoice dated 11 May 2005.

Caspar David Friedrich’s The Stages of Life (1835) is a deeply symbolic Romantic painting that reflects on the human journey from youth to old age. Set at a Baltic Sea port near Friedrich’s birthplace, Greifswald, the composition features five ships at varying distances and five figures of different ages—interpreted as Friedrich’s own family. The main dial is in the most discreet look, a white grand feu enamel canvas that displays its function in the most legible manner. Elegantly placed, a power reserve of a total of 8 days anchors the top left corner across the blue chemin de fer, followed by the date and small seconds that can be read at ease. Exceptionally preserved and complete with its certificate and accessories, the present yellow gold timepiece is truly a hidden treasure amongst the world of Reversos. Expressing the grandeur of both the painter and master enameller, this is easily one of the most collectible reverso for those who has a passion for horology and art.

827.

JAEGER-LECOULTRE — An extremely rare and unworn limited edition yellow gold rectangular-shaped reversible wristwatch with small seconds, 8-day power reserve, date, grand feu white enamel dial and miniature painting after a painting by Caspar David Friedrich “Mondaufgang am Meer” and certificate, numbered 1 of a limited edition of 5 pieces

積家，「Grand Reverso Email Friedrich」型號 246.1.15，十分精美罕有，限量版黃金翻轉式腕錶，備大明火白色琺瑯錶盤、日期、8日動力儲存顯示，配臨摹德國著名畫家卡斯帕·大衛·弗里德里希畫作的微繪琺瑯錶盤，限量發行5枚，編號1號，約2005年製。附原裝證書 Manufacturer

Jaeger-LeCoultre

Year

Circa 2005

Reference No. 246.1.15, Q3761409 Case No. 2’077’487, No. 1/5 Model Name Grand Reverso Email Friedrich Material

18K yellow gold

Calibre Manual, cal. 875, 25 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Jaeger-LeCoultre deployant clasp Dimensions 29mm width x 46.5mm length Signed Case, dial, movement and clasp signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by Jaegar-LeCoultre undated certificate stamped Carlson Watch Co. Ltd. Hong Kong and purchase invoice dated 11 May 2005.

True horological artistry is revealed when this Grand Reverso is turned upon its axis. On the reverse side unfolds a scene of profound poetry: a romantic seascape after Caspar David Friedrich’s masterpiece Mondaufgang am Meer (Moonrise by the Sea), where three elegant figures gaze across a moonlit horizon as violet clouds drift eastward. Owing to the extraordinary difficulty of its creation, only five examples were ever produced. The present watch, numbered 1, marks the first piece completed by Jaeger‑LeCoultre’s master enamelling atelier under the direction of Miklós Merczel, whose workshop has upheld the enamelling tradition in the Vallée de Joux since 1996. Preserved in unworn condition and accompanied by its guarantee and original purchase invoice, this yellow gold Grand Reverso is not merely a timepiece, but a treasure that bridges fine art and haute horlogerie.

828.

PATEK PHILIPPE — A “like-new”, unworn,highly important and impressive platinum double-dialed wristwatch with twelve complications including minute repeating on cathedral gongs, tourbillon, perpetual calendar with retrograde date, leap year indication, moon age, sky chart, sidereal time, angular motion, orbit and phases of the moon, Certificate of Origin, setting pin and presentation box

It is no surprise that a collector who has passionately pursued complicated watches since the 1990s has fallen in love with the most intricate timepiece of its time, crafted by the most prestigious watchmaker—Patek Philippe. The Sky Moon Tourbillon ref. 5002 represents the pinnacle of complexity and elegance, satisfying the collector’s quest for the finest timepiece available. From the inception of wristwatches, Patek Philippe has aimed to showcase unparalleled craftsmanship by integrating creative yet practical complications into their movements. Widely regarded as the ultimate pinnacle in complications, the Sky Moon Tourbillon reference 5002 is an extraordinary work of art, introduced just six months after the Star Calibre 2000 pocket watch in 2001. It marked Patek Philippe’s first double-faced wristwatch, featuring an impressive twelve complications. At the time of its launch, the Sky Moon Tourbillon was the world’s most complicated wristwatch. The primary challenge was to fit its intricate movement, consisting of 694 parts, into the compact space of a wristwatch. Patek Philippe successfully achieved this in a 43mm case, which houses a tourbillon, a minute repeater with cathedral gongs, along with a perpetual calendar and retrograde date displayed on the front dial. True to Patek Philippe’s design philosophy, the tourbillon is discreetly integrated within the movement, ensuring it does not detract from the elegance of the dial. The minute repeater employs cathedral gongs that circulate the movement twice, producing a deep, resonant chime that is sure to enchant any collector. The perpetual calendar functions with remarkable precision, akin to a micro-computer, correctly calculating dates for hundreds of years. It works in conjunction with a retrograde date display, moving one increment per day and automatically resetting at the end of each month, featuring a patented ratchet wheel mechanism for exceptional accuracy.

PATEK PHILIPPE

Ref. 5002P-001, Sky Moon Tourbillon

828.

百達翡麗，「Sky Moon Tourbillon」型號5002P-001，極為罕有﹑重要及精美，鉑金雙錶盤腕錶，備12項複雜功能：大教堂音簧三問、陀飛輪、萬年曆、逆跳日期、星空圖表、月相及月亮運行軌道顯示、軌跡顯示、恆星及閏年顯示，約2008年製。附原裝證書、調整筆、錶盒、配件 Manufacturer

Patek Philippe

Year

Circa 2008

Reference No. 5002P-001 Movement No. 3’350’068 Case No. 4’357’627 Model Name Sky Moon Tourbillon Material

Platinum

Calibre Manual, cal. RTO 27 QR SID LU CL, 55 jewels Bracelet/Strap Crocodile Clasp/Buckle

Platinum Patek Philippe pin buckle

Dimensions 43mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 9,000,000–16,000,000 USD 1,150,000–2,050,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong dated 31st January 2008, Contrôle Officiel Suisse des Chronomètres rating certificate dated 16th November 2007, leather portfolio, instruction manual, leather folio, product literature, engraved setting pin with plastic seal, wooden fitted presentation box with key and outer packaging.

Flipping the watch over reveals a stunning blue northern sky chart that vividly displays the phases of the moon and the angular progression of celestial bodies, while also indicating sidereal time based on the Earth’s rotation. Under the sapphire caseback, the northern hemisphere canopy rotates counterclockwise, showcasing the movements of the cosmos. This astronomical feature adds a romantic touch and pays tribute to the essence of timekeeping. The meticulous craftsmanship required for both sides of the movement results in a watch embossed with the Geneva Seal, a hallmark of quality for Patek Philippe tourbillons from this era. Beyond its impressive complications, the Sky Moon Tourbillon is a visual marvel. The dial features an opaline white surface embossed with a Calatrava cross guilloché pattern, enhanced by red accents on the retrograde date. The case is forged from noble platinum, adorned with intricate engravings of halved Calatrava crosses that extend to the caseband, repeater slide piece and between the lugs. The crown at 4 o’clock is used for time setting and winding, while the crown at 2 o’clock serves a special purpose for adjusting the sky chart and sidereal time.

Phillips is honored to present this magnificent reference, which has not been offered in six years in our auction room. Freshto-the-market and kept in brand new, unworn condition, it has remained in a safe since the first day of purchase in 2008, ready for a new adventure. The watch comes with its original Certificate of Origin, Contrôle Officiel Suisse des Chronomètres rating certificate, fitted box and all other accompanying accessories. With extreme rarity, only 13 platinum examples are known to the auction market, making this watch the 14th to grace an international auction room. This reference was also reserved for Patek Philippe’s most important clients, making it a unique opportunity for avid collectors. The tremendous achievements of the Sky Moon Tourbillon ref. 5002 would be inherited by the ref. 6002, launched in 2013. This remarkable piece of Patek Philippe history will be cherished for generations, with the ref. 5002 remaining a mythical timepiece in the history books of haute horology.

PATEK PHILIPPE

Ref. 5002P-001, Sky Moon Tourbillon

THE COMPLEXITY OF TOURBILLON MOVEMENTS

A tourbillon, in essence, is a rotating cage assembly in a mechanical watch that encases the escapement, balance wheel, and hairspring, usually completing one revolution per minute. The tourbillon was originally invented to counteract the effects of gravity on positional accuracy in pocket watches—particularly when held vertically in a waistcoat pocket—it averages out timing errors by continuously re-orienting these sensitive components. Visually, it’s a mesmerizing micro-engineering marvel, often visible through a dial aperture or transparent caseback, blending utility with kinetic artistry. While functionally obsolete for modern wristwatches where gravity’s impact is minimal, tourbillons persist as symbols of horological virtuosity, appearing in everything from minimalist dress watches to avantgarde complications. The tourbillon’s story begins in the late 18th century amid the Enlightenment’s quest for precision. French-Swiss watchmaker Abraham-Louis Breguet, often hailed as the father of modern horology, patented the first tourbillon in 1801 for a commission from Marie Antoinette. Although the particular timepiece wasn’t completed until 1827 by his successor Louis Breguet. Inspired by earlier attempts—like English clockmaker John Arnold’s 1770s remontoir and Ferdinand Berthoud’s marine chronometers— Breguet’s design featured a fixed-axis, two-dimensional cage rotating every 60 seconds, driven by the fourth wheel. It debuted in a keyless repeater pocket watch for the Queen, but true commercialization came in 1824 with a presentation to Napoleon Bonaparte. The 19th century saw further refinements to the tourbillon: Louis Breguet’s sons advanced the mechanism based on Abraham Breguet’s design. Swiss giants like Patek Philippe entered in 1834 with a commission for Czar Nicholas I. By the 20th century, it waned amid quartz crisis, but the 1980s luxury boom—fueled by brands like Vacheron Constantin and Blancpain—resurrected it. Today, over 50 brands offer tourbillons.

Technically, the tourbillon addresses isochronism—the consistent rate of oscillation regardless of position. When the watch is held upright, gravity causes the balance to run fast in horizontal positions and slow vertically, introducing up to 2–3 minutes per day’s variance in early pocket watches. By averaging these over a 360-degree rotation, Breguet’s innovation slashed errors to under 30 seconds daily, earning it acclaim in astronomical timekeeping. Modern iterations, like the flying tourbillon or silicon-based cages, further reduce mass and friction, often achieving COSC chronometer standards or better. Aside from its utilitarian values, the tourbillon’s true engineering feat lies in its complexity—requiring 70–100 tiny components on every tourbillon for precise balancing, and up to 300 hours of assembly—pushing watchmakers to innovate in materials and orientations (multi-axis for true averaging). Beyond mechanics, the tourbillon embodies haute horlogerie’s romantic excess: a complication that screams prestige, much like a supercar’s turbocharger for show more than speed. In the post-quartz era, it fueled the “complication arms race”, highlighting its philosophical weight: in an age of atomic clocks, the tourbillon reminds us that timepieces are as much about human ingenuity and wonder as mere accuracy. As Breguet himself noted, it’s “the triumph of art over nature,” a spinning testament to why we still wind our watches by hand.

829.

A. LANGE & SÖHNE — An early, extremely well-preserved and attractive limited edition yellow gold tourbillon wristwatch with fusée and chain mechanism, power reserve indication, guarantee and presentation box, numbered 91 of a limited edition of 150 pieces

朗格，「Tourbillon Pour Le Mérite」型號701.001，極度精細罕有，限量版黃金芝麻鏈陀飛輪腕錶，備動力儲存顯示，限量發行150枚，編號91號，約1998年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 1998

Reference No. 701.001 Movement No. 425 Case No. 110’341, 91/150 Model Name Tourbillon Pour Le Mérite Material

18K yellow gold

Calibre Manual, L902.0, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold A. Lange & Söhne pin buckle Dimensions 38.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 800,000–1,600,000 USD 103,000–205,000 Accessories Accompanied by A. Lange & Söhne guarantee stamped Dubail Paris dated 11th July 1998, instruction manual, fitted presentation box and outer packaging.

When A. Lange & Söhne unveiled its inaugural collection on October 24, 1994, at Dresden Castle, it marked a significant milestone in horological history. Walter Lange, Günter Blümlein and Hartmut Knothe introduced four groundbreaking timepieces: the Lange 1, the Arkade, the Saxonia and the Tourbillon Pour le Mérite. Each watch featured a unique calibre, highlighting the brand’s commitment to innovation and craftsmanship.

power delivery. The L902.0 caliber, developed in collaboration with renowned movement specialists Renaud and Papi, Günther Blümlein and the Grönefeld brothers, offers a mesmerizing view of its 636-part fusée-and-chain system, signature engraved balance cock, and exquisite perlage finishing.

While the Lange 1 garnered attention for its distinctive design, the Tourbillon Pour le Mérite emerged as the collection’s horological masterpiece. Named after one of Germany’s highest orders of merit, this timepiece set new standards in watchmaking complexity. Notably, it was the very watch worn by its founders during the launch, with Walter Lange choosing the yellow gold variant numbered 1 and Günter Blümlein opting for the platinum version numbered 1.

18K yellow gold: 106 examples 18K white gold: 20 examples (19 with blue dials, 1 with black dial) 18K pink gold: 24 examples Platinum: 50 examples Steel: 1 example

The Tourbillon Pour le Mérite’s standout feature is its fusée-andchain transmission, a first in wristwatches. This constant force mechanism enhances accuracy by equalizing the mainspring’s

Production was limited to 200 pieces in precious metals and 1 piece in steel:

This watch shows a charming patina, presented in attractive condition and comes with its guarantee and accessories. This timepiece is undoubtedly an innovative design, showcasing mechanical inventions that establish Glashütte as a hallmark of quality and precision among collectors and enthusiasts of fine watchmaking.

A. LANGE & SÖHNE Tourbillon Pour Le Mérite

830.

PATEK PHILIPPE — An unworn and rare platinum rectangular-shaped tourbillon chronometer wristwatch with small seconds, 10-day power reserve indication, Breguet numerals, “salmon” dial, Certificate of Origin and presentation box

PATEK PHILIPPE

Ref. 5101P-010, 10 days Tourbillon

830.

百達翡麗，型號5101P-010，鉑金十日鍊陀飛輪腕錶，備「Salmon dial」錶盤、寶璣數字時標，約2005年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2005

Reference No. 5101P-010 Movement No. 3’361’166 Case No. 4’295’547 Model Name 10 days Tourbillon Material

Platinum

Calibre Manual, cal. TO 28-20 REC 10J PS, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 51.5mm length x 30.0mm width Signed Case, dial, movement and buckle signed Estimate HKD 700,000–1,200,000 USD 89,700–154,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group LTD Hong Kong dated 12th August 2005, leather portfolio with photograph, Contrôle Officiel Suisse des Chronomètres, instruction manual, product literature, leather folio, hang tag, key, fitted presentation box and outer packaging.

First launched in 2003, the Patek Philippe ref. 5101 is defined by its distinctively large but elegant stepped case, reminiscent of historical timepieces from the Art Deco era. The platinum variant was discontinued in 2009 to make way for the pink gold siblings. The understated tourbillon design was well-received but rendered unusual compared to its peers at the time it was introduced. A quintessential Patek Philippe design, the overall aesthetic is discreet and may appear to be a time-only wristwatch at first glance. Luckily, the sapphire caseback invites its wearer to have a peek at the beautiful architecture within, highlighting its tourbillon carriage which subtly rotates on an axis. A mechanical marvel, the ref. 5101 is fitted with two complications which is no easy feat within the confines of a rectangular movement and case, due to insufficient room. The manual winding cal. TO 28-20 REC 10J PS features two tandem mainspring barrels with 240 hours, or 10 days, of energy storage capacity and a tourbillon precision comprising 72 individual components.

Boasting a highly desirable salmon dial and cased in platinum, the warm and inviting canvas is topped with a masculine touch, featuring bold black Breguet numerals and a pair of feuille solid hands to match. The present timepiece’s serial, “3’361’166”, is also highlighted on the small seconds subdial at 6 o’clock. Freshto-the-market and kept in this private collection for 20 years now, the watch remains unworn since 2005.

PATEK PHILIPPE

Ref. 5101P-010, 10 days Tourbillon

831.

BREGUET — An unworn platinum skeletonized perpetual calendar tourbillon wristwatch with leap year indication, retrograde date, certificate and presentation box

寶璣，型號 3755PT/1E/2VU，非常精美、罕有，鉑金鏤空萬年曆陀飛輪腕錶，備逆跳日期、閏年顯示，約2000年製。附原裝證書、錶盒、配件 Manufacturer

Breguet

Year

Circa 2000

Reference No. 3755PT/1E/2VU Case No. 4142 I Material

Platinum

Calibre Manual, jewelled Bracelet/Strap Crocodile Clasp/Buckle Platinum Breguet pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 300,000–500,000 USD 38,500–64,100 Accessories Accompanied by Breguet undated certificate stamped Carlson Watch Co. Ltd., Hong Kong, instruction manual, loupe, fitted presentation box and outer packaging.

Tourbillon watches from Breguet merit special attention, as the brand’s founder, Abraham-Louis Breguet, invented the tourbillon in 1795 to improve pocket watch accuracy by averaging positional errors. Patented in France in 1801, only 35 were made during his lifetime. Today, the tourbillon is revered as one of the most beautiful and complex horological mechanisms. Breguet’s legacy includes numerous innovations, from the tourbillon and Breguet overcoil to its distinctive hands and numerals. Among its finest creations is the ref. 3755, a showcase of technical mastery and aesthetic finesse. The brand was among the first to pursue serial production of tourbillon wristwatches, led by Daniel Roth in the 1970s and 1980s. Under his direction, the manual-winding calibre 558 was developed at Nouvelle Lémania, featuring a one-minute tourbillon and a distinctive dial layout with elevated hour and minute hands. The Ref. 3755 uses a skeletonised movement with a perpetual calendar module. Though similar to ref. 3355, it features different engraving and design elements. Housed in a 40mm platinum case with Breguet’s signature fluted caseband and polished bezel, the watch reveals a hand-engraved 18K gold movement. The off-centred time display sits at 12 o’clock with retrograde date, leap year aperture at 3' clock, and a one-minute tourbillon at 6 o’clock serving as a small seconds. Numbered 4142 I and dating to circa 2000, this well-preserved reference is offered for the first time at Phillips along with its certificate and accessories.

BREGUET Ref. 3755PT

832.

JAEGER-LECOULTRE — A rare, “like-new” and unworn limited edition platinum reversible tourbillon semi-skeletonised wristwatch with small seconds, guarantee and presentation box, numbered 2 of a limited edition of 35 pieces

積家，「Reverso Platinum Tourbillon」型號270.6.48， Q2176402，精細罕有，限量版長方形鉑金半鏤空陀飛輪腕錶，備小三針，限量發行35枚，編號2號，約2004年製。附原裝證書、錶盒、配件 Manufacturer

Jaeger-LeCoultre

Year

Circa 2004

Reference No. 270.6.48, Q2176402 Case No. 2’076’671, 02/35 Model Name Reverso Platinum Tourbillon Material

Platinum

Calibre Manual, cal. 848, 25 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Jaeger-LeCoultre deployant clasp Dimensions 26mm width x 42mm length Signed

Case, movement and clasp signed

Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Jaeger-LeCoultre guarantee stamped Carlson Watch Co., Ltd, Hong Kong, instruction manual, magnifying glass, gloves, fitted presentation box and outer packaging.

In a horological landscape where creativity often leans toward spectacle, the question arises: what defines a truly personal collection? For those who value discretion over display, the Jaeger-LeCoultre Reverso Platinum Tourbillon offers a quiet yet profound statement. Encased in platinum, the watch features the iconic reversible case with clean, geometric lines. Flip it over, and a modern, skeletonised tourbillon movement is revealed. It is elevated by the use of blue spinels in place of traditional rubies. This subtle yet striking choice, paired with matching blue hands, creates a visually harmonious and refined aesthetic. The present example is numbered 2 of a limited edition of just 35 pieces, accompanied by its original certificate. Preserved in untouched condition for over 20 years, it remains a true treasure as an embodiment of Jaeger-LeCoultre’s legacy and the art of understated excellence.

JAEGER-LECOULTRE

Reverso Platinum Tourbillon N°2

833.

VACHERON CONSTANTIN — A rare and unworn yellow gold tourbillon wristwatch with small seconds, power reserve indication, guilloché dial, warranty and presentation box

江詩丹頓，「Les Complications Tourbillon」型號 30050/000J-8，精細罕有，黃金陀飛輪腕錶，備小秒針、動力儲存顯示、璣鏤錶盤，約1995年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 1995

Reference No. 30050/000J-8 Movement No. 816’608, No. 78 Case No. 633’224 Model Name Les Complications Tourbillon Material

18K yellow gold

Calibre Manual, cal. 1760, 28 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Vacheron Constantin pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–300,000 USD 25,600–38,500 Accessories Accompanied by undated Vacheron Constantin warranty, product literature, fitted presentation box and outer packaging.

In a bold move, Vacheron Constantin introduced their inaugural modern tourbillon wristwatch in the early 1990s. The result of their efforts was the exquisite caliber 1760, limited to just 300 pieces. A select number of these remarkable movements were cased in yellow gold or platinum as part of the maison’s prestigious “Les Complications” collection, designated reference 30050. Measuring a striking yet harmonious 38mm in diameter, the case’s powerful elegance is enhanced by an exhibition back that reveals the meticulous movement within. With two mainspring barrels, the immaculately finished tourbillon cage is crafted in the shape of Vacheron’s iconic Maltese Cross emblem, a symbol used since 1780. The dial is created to exacting standards, showcasing a delicate hand-guilloché pattern alongside applied Roman numerals and faceted dagger hands hour markers. Accompanied by its warranty and presentation box, this example is preserved in excellent overall condition, with the case developing a beautiful layer of patina due to its inactivity. This yellow gold piece encapsulates a pivotal milestone for a maison renowned for producing the world’s most complicated watches.

834.

BLANCPAIN — An impressive, very well-preserved and fine limited edition platinum flying tourbillon split seconds flyback chronograph wristwatch with guarantee and presentation box, numbered 9 of a limited edition of 99 pieces

寶珀，「Leman Tourbillon Chronographe Flyback Rattrapante」型號2189F-3430-63B，精細，鉑金自動飛行陀飛輪追針飛返計時腕錶，限量發行99枚，編號9號，約1999年製。附原裝證書、錶盒 Manufacturer

Blancpain

Year

Circa 1999

Reference No. 2189F-3430-63B Case No. 9/99 Model Name Leman Tourbillon Chronographe Flyback Rattrapante Material

Platinum

Calibre Automatic, cal. 23F9A, 39 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Blancpain pin buckle Dimensions 39mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by undated Blancpain guarantee stamped Carlson Watch, Hong Kong, instruction manual, fitted limited edition presentation box and outer packaging.

When Jean-Claude Biver and his partner, Jacques Piguet, acquired Blancpain in 1981, they were positioning Blancpain, a watchmaker mostly dormant since the quartz crisis, as a traditional anecdote to those fancy new quartz watches. While this era of Blancpain is often told mostly as a story of marketing genius thanks to Biver, there was also some real watchmaking. Biver’s partner, Piguet, was the son of ebauche maker Frédéric Piguet. Together, Piguet and Biver put together a plan to create what we now call Blancpain’s “six masterpieces”. These were six mechanical watches with complications harkening back to the days of traditional Swiss watchmaking, days that many thought might never return after the quartz crisis: a complete calendar moon phase (1983), ultra-thin (1984), perpetual calendar (1986), minute repeater (1988), splitseconds chronograph (1989) and flying tourbillon (1989). And when the split-seconds chronograph was launched, it was the world’s first automatic split-seconds movement. In 1999, in celebration of the 10th year anniversary of the iconic split-seconds chronograph, Blancpain combined the complication with their flying tourbillon and made a limited edition of 99 pieces, cased in the most noble metal platinum and incorporated the flyback function as well on top of the mechanical beast. Last seen 18 years ago in auction, the present number 9 has been kept unworn in a safe ever since and it is accompanied by its full set of accessories.

NAVIGATING TIME

The art of creating maps on watch dials, often seen by collectors on world-timer or GMT watches, has indeed both functional and symbolic significances. Blending practicality, craftsmanship, and cultural resonance, map dials have deep roots in horological history and reflect a fusion of technical innovation, aesthetic artistry, and for us, as humans, the fascination with global exploration throughout our existence. In this collection, we are very fortunately to explore the significance of maps on watch dials through the lens of these magnificent timepieces. Naturally, to most collectors, map dials are most closely associated with world time watches, a complication pioneered in the 1930s by Swiss watchmaker Louis Cottier. These watches were originally designed in this way to display the time across multiple time zones simultaneously, catering to the needs of an increasingly globalized world where aviation, telecommunications, and international trade were shrinking distances between world cities. The world map on the dial serves as a visual centerpiece for this complication, typically paired with a rotating ring or bezel inscribed with city names representing the twenty-four primary time zones. The great Louis Cottier first had his collaboration with Patek Philippe in the 1930s, the result was the iconic world time watches like the Ref. 1415, which featured a cloisonné enamel world map dial. These early designs set the standard for the complication, with the map serving as both a functional tool and a decorative element. Brands like Vacheron Constantin, Jaeger-LeCoultre, quickly followed and adopted this concept, integrating world maps into their own interpretations of the world time complication. The Patek Philippe reference 5131 featured in our collection here is a direct descendent of the reference 1415, also featuring enamelling on the dial. The map on a watch dial transcends mere utility, carrying profound symbolic weight that resonates with wearers and collectors. It reflects humanity’s fascination with exploration, discovery, and interconnectedness, evoking a sense of global unity and adventure. Keep in mind that map dials often carry an air of exclusivity, as they are typically found in high-end complications crafted by elite watchmakers. The intricate craftsmanship required to create these dials—whether through enamel, guilloché, or hand-engraving—all testament to prestige and sophistication, appealing to collectors who value both technical and cultural significance. At the same time, the map on a watch dial is not just a functional element but a canvas for artistic expression, showcasing the watchmaker’s skill in design and craftsmanship. These dials are in fact, miniature works of art, requiring advanced techniques to achieve their intricate detail and visual harmony.

In additional, when equipped on a wristwatch, the map must be designed to maintain legibility while integrating with other dial elements, such as sub-dials, hour markers, or city rings. The map often occupies the center of the dial, with continents arranged to avoid cluttering critical timekeeping indicators. This balance between form and function is a hallmark of high-end watch design, making world map dials a showcase of both artistry and engineering. Some watchmakers even offer bespoke map dials, allowing clients to choose the orientation of the map (e.g., centered on Continental Europe, Asia, or the Americas) or incorporate personalized elements like gemstones or custom engravings. Other limited-edition models, such as those commemorating global events or anniversaries, may feature unique map designs, further enhancing their collectible value, such as this Glashütte Original porcelain dial feature here with the map of Singapore, limited to just 28 pieces. Map dials are far more than decorative flourishes; they are a fusion of functionality, artistry, and symbolism. They serve as practical tools for navigating a globalized world, artistic showcases of watchmaking craftsmanship, and evocative symbols of exploration and connectivity. From their origins in the early 20th century to their modern iterations with new technical innovation, these dials capture the imagination of collectors and enthusiasts, blending the romance of travel with the precision of horology. Whether rendered in vibrant enamel or subtle guilloché, the map on a watch dial remains a timeless testament to humanity’s desire to explore, connect, and create beauty in miniature form.

835.

PATEK PHILIPPE — A “like-new”, unworn and attractive white gold world time wristwatch with cloisonné enamel dial, Certificate of Origin and presentation box

百達翡麗，「World Time」型號5131G-001，精細罕有，白金自動世界時區腕錶，備掐絲琺瑯世界地圖錶盤，約2012年製。附原裝證書、錶盒、配件 Manufacturer

Patek Philippe

Year

Circa 2012

Reference No. 5131G-001 Movement No. 5’630’973 Case No. 4’555’187 Model Name World Time Material

18K white gold

Calibre Automatic, cal. 240 HU, 33 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 39.5mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 500,000–800,000 USD 64,100–103,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong and dated 26th January 2012, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

Part of Patek Philippe’s esteemed lineage of world time timepieces, the reference 5131 debuted in 2008, initially in yellow gold, featuring the Americas on its dial. This was followed by a white gold version showcasing Asia, Africa, and Europe in 2009, with pink gold and platinum variants introduced in early 2014. Now out of production, this model marked a significant milestone as the first contemporary world time reference to feature the renowned cloisonné dial depicting geographical maps. Due to the intricate and labor-intensive process of handcrafting each cloisonné enamel dial, the reference 5131 was produced in limited quantities each year, making it a rare find in today’s market. The present iteration features a vibrant cloisonné enamel center disc depicting Europe, Africa, Asia, and Oceania in a captivating mix of blues, greens, browns, and yellows, all enhanced by delicate gold ribbons. This quintessential World Time timepiece, sold in 2012, has an enamel center encircled by an early 24-hour city ring. Later versions saw changes, such as Moscow to Riyadh, Dubai to Moscow, and Caracas to La Paz. As a “like-new” example of reference 5131G-001, this timepiece is in impeccable condition and comes complete with its full set of accessories, offering a compelling opportunity for discerning collectors to acquire this significant and now discontinued piece.

PATEK PHILIPPE

Ref. 5131G-001, World Time

836.

VACHERON CONSTANTIN — A very well-preserved, highly rare and attractive limited edition yellow gold wristwatch with wandering hours, cloisonné enamel dial depicting the travels of Zheng He, guarantee and presentation box, one of a limited edition of 60 pieces

江詩丹頓，「Patrimony Tribute to Great Explorers “Zheng He”」型號47070/000J，十分精美罕有，限量版黃金自動轉盤式讀時腕錶，備「鄭和」彩繪掐絲琺瑯錶盤，限量發行60枚，約2004年製。附原裝證書、錶盒、配件 Manufacturer

Vacheron Constantin

Year

Circa 2004

Reference No. 47070/000J Movement No. 949’741 Case No. 798’593 Model Name Patrimony Tribute to Great Explorers “Zheng He” Material

18K yellow gold

Calibre Automatic, cal. 1126. 26 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Vacheron Constantin deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Vacheron Constantin guarantee stamped Vacheron Carlson Watch Co. Ltd. Hong Kong, Certificate of Origin with photograph, instruction manual, product literature, CD, loupe, fitted presentation box and outer packaging.

The present example is dedicated to Zheng He (1371–1433), the famed admiral, explorer, and diplomat of China’s Ming dynasty. Commanding vast fleets on seven voyages across the Indian Ocean, reaching as far as the coasts of East Africa, Zheng He is often regarded as the most accomplished admiral in Chinese history. For the “Patrimony Tribute to Great Explorers”, the dial is constructed on two distinct levels, requiring even greater precision. At its lower portion, an aperture accommodates a transparent sapphire disc, which carries the wandering‑hour numerals. As the disc glides imperceptibly beneath, the numerals appear in turn at the dial’s opening, elegantly indicating the time. The result is a poetic fusion of artistry and mechanism: history itself becomes the backdrop upon which time unfolds. Masterfully executed and historically resonant, this limited edition timepiece offered in exceptional condition unites the artistry of Geneva enamellers with Vacheron Constantin’s pursuit of rare time displays, embodying both horological ingenuity and tribute to one of the world’s greatest explorers.

837.

GLASHÜTTE ORIGINAL — An unworn, very rare and attractive limited edition stainless steel wristwatch with hand-painted Meissen porcelain dial depicting Singapore, certificate and presentation box, numbered 20 of a limited edition of 28 pieces made to commemorate Singapore’s 40 years of Independence

格拉蘇蒂，「1965 Singapore」型號49-08-02-0206，精細罕有，限量版精鋼腕錶，備手繪新加坡地圖梅森陶瓷錶盤，特為紀念新加坡獨立40週年限量發行28枚，編號20號，約2005年製。附原裝證書、配件、錶盒 Manufacturer

Glashütte Original

Year

Circa 2005

Reference No. 49-08-02-02-06 Movement No. 39 Case No. 20/28 Model Name 1965 Singapore Material

Stainless steel

Calibre Manual, cal. 49-08, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Glashütte Original deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by Glashütte Original certificate book, wooden stand, loupe, key, fitted presentation box and outer packaging.

To commemorate the 40th anniversary of Singapore’s independence (1965-2005), Glashütte Original collaborated with German master porcelain maker Meissen to create a special collection of wristwatches for this significant occasion. It is quite rare to see porcelain used in watch dials, yet Glashütte Original is known for incorporating this material into their timepieces. The present watch showcases a hand-painted Map of Singapore from the mid-1800s, crafted by Meissen artisans. Production was limited to just 40 pieces across all metals: Stainless steel: 28 examples 18K pink gold: 10 examples Platinum: 2 examples The present example, numbered 20 in stainless steel, was last seen at auction 19 years ago and has since remained in the same collection and unworn. Accompanied by all of its original accessories, this watch is a fitting tribute to a significant milestone for the country and will undoubtedly hold a special place in the hearts of Singaporean watch collectors.

THE ART OF SKELETONIZING

Skeletonized watches, sometimes referred to as skeleton watches, are timepieces where the movement has been deliberately exposed and visible through the dial and often the case back. Unlike traditional watches with opaque, solid dials, these feature cutouts, openwork bridges, and transparent elements to showcase the intricate gears, jewels, and escapements on the movement. The concept dates back as early as the 17th century, when watchmakers like Abraham-Louis Breguet began experimenting with open dials to demonstrate the mechanical precision within pocket watches. However, skeletonization exploded in the 20th century as a luxury statement—timepieces from Chopard or Audemars Piguet exposing the movement highlighted the craftsmanship of hand-finishing and engraving. It was a way to flaunt engineering prowess in an era before mass production, symbolizing the horological equivalent of a supercar’s exposed engine layout. At its core, skeletonization is about beauty in complexity. The swirling patterns of gears and the rhythmic tick of the balance wheel create a mesmerizing, almost hypnotic effect—it’s kinetic art on your wrist. Modern watchmakers like Parmigiani push this further with avant-garde shapes. It’s not just functional; it’s a conversation starter, blending steampunk vibes with high-end minimalism. From a practical standpoint, skeletonizing in fact reduces weight. However, it demands superior engineering to maintain water resistance and shock protection—exposing components makes the watch more vulnerable to dust and impacts. High-end skeleton watches often incorporate antimagnetic shielding or advanced alloys to ensure reliability. In short, skeletonized watches aren’t just about telling time; they’re a bold declaration that the journey – how the mechanics work in a watch - is as captivating as the destination.

838.

BREGUET — A well-preserved and rare yellow gold skeletonized perpetual calendar tourbillon wristwatch with retrograde date, leap year indication, certificate and presentation box

寶璣，型號 3755BA/0E/2VU，非常精美、罕有，黃金鏤空萬年曆陀飛輪腕錶，備逆跳日期、閏年顯示，約2000年代製。附原裝證書、錶盒 Manufacturer

Breguet

Year

Circa 2000s

Reference No. 3755BA/0E/2VU Case No. 2790 I Material

18K yellow gold

Calibre

Manual, jewelled

Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Breguet pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 300,000–500,000 USD 38,500–64,100 Accessories Accompanied by Breguet undated certificate stamped Prince Jewellery and Watch Co., instruction manual, fitted presentation box and outer packaging.

Tourbillon watches hold a special place in Breguet’s legacy, as its founder, Abraham-Louis Breguet, invented the complication in 1795. Ref. 3755 is one of the brand’s most celebrated creations, a masterclass in mechanical artistry and traditional craftsmanship. This example is presented in a 40mm yellow gold case with Breguet’s signature fluted caseband and polished bezel. The skeletonised dial reveals the hand-engraved manually-wound movement. It features a one-minute tourbillon at 6 o’clock, offcentred time display with retrograde date at 12, and leap year indications at 3 o'clock. The movement is a visual spectacle: bridges and plates are meticulously skeletonised and engraved, with sharp inner and outer corners finished entirely by hand, which is regarded as a hallmark of high-end watchmaking. Particularly striking is the skeletonised barrel and ratchet wheel, shaped like delicate ‘dragonfly legs’, visible from both the front and back. This level of finishing demands exceptional skill and time, significantly enhancing both the value and collectability of the watch. Accompanied with its certificate and accessories, this beautiful well-preserved reference offered for the first time at Phillips is a testament to Breguet’s enduring influence on haute horlogerie.

BREGUET Ref. 3755BA

839.

VACHERON CONSTANTIN — An unworn, very attractive and rare pink gold skeletonized tourbillon wristwatch with small seconds, power reserve indication and warranty

江詩丹頓，「Les Complications Skeleton Tourbillon」型號30051/000R-8，極度精細罕有，玫瑰金鏤空陀飛輪腕錶，備小秒針、動力儲存顯示，約2000年製。附原裝證書 Manufacturer

Vacheron Constantin

Year

Circa 2000

Reference No. 30051/000R-8 Movement No. 842’293 Case No. 660’808, No. 71 Model Name Les Complications Skeleton Tourbillon Material

18K pink gold

Calibre Manual, cal. 1760, 28 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Vacheron Constantin pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 320,000–600,000 USD 41,000–76,900 Accessories Accompanied by undated Vacheron Constantin warranty, product literature and envelope.

The Vacheron Constantin Patrimony is a highly esteemed series, celebrated for its classical proportions and vintage aesthetics reminiscent of the 1990s. This reference marks the brand’s inaugural modern tourbillon wristwatch, featuring the Vacheron Constantin caliber 1760. This movement incorporates a twin barrel system, enhancing the power reserve, while its skeletonized design allows a glimpse into its intricate mechanics. The non-skeletonized ‘Les Complications’ variations were produced in extremely limited quantities, numbering only in the hundreds, while the present skeletonized version is believed to have an even lower production number. This watch is not only a masterpiece of high horology but also a testament to Vacheron Constantin’s long-standing tradition of creating complex timepieces. The meticulously finished tourbillon cage is crafted in the shape of Vacheron’s iconic Maltese Cross emblem. The present example is well-preserved and virtually unworn, as evidenced by the even patina that has developed on the case during its time stored in a safe since purchase. Accompanied by its original certificate, this piece exemplifies Vacheron’s artisanship, showcasing not only the development of complications but also the aesthetic beauty of its movement construction.

VACHERON CONSTANTIN

Les Complications Skeleton Tourbillon

840.

JAEGER-LECOULTRE — A highly rare and well-preserved limited edition platinum skeletonized wristwatch with guarantee and presentation box, numbered 18 of a limited edition of 500 pieces

積家，「Reverso Platinum Number One」型號 270.6.49，精細罕有，限量版鉑金鏤空腕錶，備翻轉式錶盤，限量發行500枚，編號18號，約2001年製。附原裝證書、錶盒 Manufacturer

Jaeger-LeCoultre

Year

Circa 2001

Reference No. 270.6.49 Case No. 18/500 Model Name Reverso Platinum Number One Material

Platinum

Calibre Manual, cal. 849 R-SQ, 19 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Jaeger-LeCoultre deployant clasp Dimensions 26mm width x 42mm length Signed Case, dial, movement and clasp signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Accompanied by undated Jaeger-LeCoultre guarantee stamped Carlson Watch Co., Ltd, Hong Kong, signed Jaeger-LeCoultre certificate of authentication, leather pouch, gloves, fitted presentation box and outer packaging.

Introduced in 1931, the Reverso has a most fascinating history, as the creation of the model absolutely ties functionality with aesthetics. During his travels in India, Swiss businessman and watch collector César de Trey attended a polo match at a club for British army officers. At that moment, one of these officers had broken the glass of his timepiece, and challenged de Trey to create a watch robust enough to resist a polo match, yet elegant enough to be worn in a formal setting. As such, the Reverso timepiece was born. With a dial that could be flipped, the outside case was also a perfect canvas for artistry and decoration. The possibilities were endless, from enamel, to engraving, and so on. Carrying the reference number 270.6.49, the present watch is a model among the Number One series, which was sold from 2001. With a case made of platinum and a skeletonized dial that can be admired from both sides, the model was most notably the very first Reverso to be cased in platinum. The skeletonisation was done entirely in-house at the newly established metiers d’art workshop in at the time. Numbered 18, the present well-preserved timepiece is one among 500 pieces from the series and offered along with its original accessories.

841.

CHOPARD — A very fine and elegant platinum and diamond-set skeletonized pocket watch with small seconds and certificate

蕭邦，十分精細，鉑金鑲鑽鏤空懷錶，備小秒針，約2000年代製。附原裝證書 Manufacturer

Chopard

Year

Circa 2000s

Case No. 371’970 Material

Platinum

Calibre Manual, cal. 15” Dimensions 47mm diameter Signed Case, crystal and movement signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Chopard certificate stamped Prima Times Co. Ltd. Thailand.

The dazzling beauty of skeletonized timepieces has always been mesmerising, the transparency of visualizing the universe of the inner works of the mechanics with each tick are fond by many. Thanks to the sapphire casebacks, the entire movement crafted by hands can be admired along with its engraved motifs through and through. Amongst these skeletonized timepieces are pocket watches. Often jewelled and bedazzled with glittering diamonds, they serve a purpose of an art object, the present Chopard pocket watch is one of such. Cased in platinum and encircled with a diamond-set bezel and bow, the skeletonized framework of this pocket watch is simply poetic. Engraved skeletonized bridges and plates further adds to its elegance. Furthermore, time is indicated by a pair of blued steel hands and a small seconds hand at 6 o’clock . Sized at 47mm diameter and preserved in excellent condition where the hallmarks and case number are clearly visible. The present pocket watch is an incredibly elegant timepiece for your collection.

842.

PATEK PHILIPPE — A “new-old-stock” and rare yellow gold skeletonized wristwatch with Certificate of Origin and presentation box – Single-factory-sealed

百達翡麗，「Squelette」型號3878J-001，精細罕有，黃金自動鏤空腕錶，約2006年製。附原裝證書、錶盒 — 原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2006

Reference No. 3878J-001 Movement No. 1’239’351 Case No. 4’225’060 Model Name Squelette Material

18K yellow gold

Calibre Automatic, cal. 240 SQ Aut., 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 31mm diameter Signed Case, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery, Hong Kong dated 6th December 2006, instruction manual, product literature, leather folio, hang tag, fitted presentation box and outer packaging.

Patek Philippe’s Squelette reference 3878 was produced from 1981 until 1998. Crafted exclusively in 18K yellow gold, this model perfectly embodies the brand’s essence and aesthetic vision. The highly chased and engraved movement transforms into a work of art, with each bridge and plate showcasing the brand’s meticulous attention to detail and craftsmanship. This model was Patek Philippe’s first self-winding skeletonized watch, and research indicates that only around 60 examples have resurfaced at auctions. In 2008, it was succeeded by the reference 5180/1 “Squelette”, featuring a larger 39mm case and a white gold bracelet. What makes this particular watch even more special is that the original owner purchased it in 2006, eight years after the reference was discontinued. This piece has been kept in either the Patek Philippe factory or at the retailer since then. Preserved in factory-single seal, brand new condition, the present reference 3878 comes with a complete set of accessories, including the Certificate of Origin and presentation box. It is undoubtedly a masterpiece that allows the wearer to celebrate the artistry and horological excellence of Patek Philippe.

843.

AUDEMARS PIGUET — An attractive and very well-preserved yellow gold twenty-dollar coin wristwatch with skeletonized dial and 14K gold movement

愛彼，型號35677BA.OO.A002XX.99，罕有，黃金金幣造形腕錶，備隱藏式鏤空錶盤及14K黃金機芯，1994年製。附電子後補證書 Manufacturer

Audemars Piguet

Year

1994

Reference No. 35677BA.OO.A002XX.99 Movement No. 297’909 Case No. D12’684 Material

18K yellow gold

Calibre Manual, cal. 2003-SQ, jewelled Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Audemars Piguet pin buckle Dimensions 34.5mm diameter Signed Case, movement and buckle signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Delivered with Audemars Piguet digital Extract from the Archives confirming the register date of the present timepiece on 22 April 1994.

Coin watches offer a captivating glimpse into the history of horology. These ultra-slim timepieces were crafted from legal tender, requiring two coins to be split to form their outer case, while a remarkably small watch remained completely concealed within a separate, hinged case. Audemars Piguet is one of many Swiss brands that produced these exquisite creations, with production continuing into the early 1990s. Typically, historic United States $20 coins were used for watches intended for the American market. Audemars Piguet developed a fine selection of rare coin watches, with the present model featuring a skeletonized movement being their most prestigious. The 1897 Liberty Head coin showcases a bas-relief depiction of “Lady Liberty” on the front cover, while the reverse displays the Great Seal of the United States along with the inscription “United States of America Twenty Dollars”. To open the watch, one must locate the nearly hidden push button on the milled edge of the coin. The concealed case houses a spectacular, skeletonized, and hand-engraved movement with 14K gold bridges. This inner case is hinged and lifts from within the coin to reveal the time.

VACHERON CONSTANTIN’S BIRDS OF AMERICA

Vacheron Constantin’s Les Oiseaux (The Birds) series, part of the Vacheron’s prestigious Métiers d’Art collection, represents a pinnacle of artistic horology where the elegance of flying creatures is captured in miniature forms on the wrist. Launched in 1997, this enduring line celebrates the beauty of birds through exquisite dials that blend naturalistic illustration with masterful decorative techniques. As a cornerstone of Vacheron’s artistic output—the world’s oldest continuously operating watch manufacturer, established in 1755—the collection transforms timepieces into wearable poetry, drawing from the brand’s tradition of Métiers d’Art to evoke the grace and diversity of avian life. Unlike more recent ornithological tributes, the 1997 Les Oiseaux series focuses on a broader, timeless palette of global bird species, emphasizing hand-engraved and enamel artistry to create limited-edition masterpieces that appeal to collectors seeking subtlety over spectacle. The Les Oiseaux collection was introduced in 1997 as a homage to the intricate illustrations found in 18th- and 19th-century natural history books, echoing the scientific yet poetic depictions of ornithologist John James Audubon. Vacheron selected a variety of iconic birds from around the world, rendering them in poses that suggest poised elegance—perched on branches or in mid-flight—to symbolize freedom, precision, and the harmony of nature. This launch marked a pivotal moment in Vacheron’s Métiers d’Art evolution, bridging classical engraving with modern enameling, and it set the stage for subsequent bird-themed releases like the 2017 Les Oiseaux Britanniques. Its significance endures as a testament to the brand’s philosophy of “artistic innovation,” where watches become canvases for storytelling, produced in small runs to ensure exclusivity and heirloom value. The original 1997 series showcased a selection of ten bird species, each immortalized in 18K gold cases with dials that prioritize the creature’s lifelike form, by using grand feu cloisonné enameling. Fine gold wires are soldered onto the dial to outline the bird’s form, then filled with translucent enamels fired layer by layer in a kiln for luminous depth. Master artisans like Anita Porchet hand-paint more than twenty colors per piece, using a steady flame to achieve feather-like gradients that shimmer under light— a process so exacting it can take months per dial. The branches and foliage are engine-turned guilloché for textured contrast, while the case flanks bear subtle floral engravings. Each watch bears the Poinçon de Genève seal, guaranteeing hand-finishing on bridges and rotors visible through the sapphire caseback. This fusion of techniques, honed over generations, ensures no two dials are identical, turning each into a bespoke artwork. Since its 1997 debut, Les Oiseaux has influenced Vacheron’s artistic trajectory, inspiring evolutions like the British Birds series later and more collaborations with contemporary artists. It resonates culturally as a bridge between nature’s ephemerality and enduring craftsmanship, appearing in exhibitions like the 200th anniversary Métiers d’Art showcase. For aficionados, these watches whisper of timeless wonder—perfect for those who collect not just for the tick, but for the tale each bird tells.

Lot 844

Lot 845

Lot 846

Lot 847

Lot 848

844.

VACHERON CONSTANTIN — A well-preserved, exquisite and attractive limited edition yellow gold wristwatch with cloisonne enamel dial signed by Anita Porchet, warranty and presentation pouch, one of a limited edition of 10 pieces, made as tribute to Jean-Jacques “Audubon’s Birds of America: Band-tailed Pigeon”

江詩丹頓，「Audubon Birds of America」型號 43060/000J，十分精細，限量版黃金掐絲琺瑯自動腕錶，當代首席琺瑯大師Anita Porchet臨摹法裔美國畫師 Jean-Jacques Audubon 畫作「 Band-tailed Pigeon」，限量發行10枚，約1997年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 1997

Reference No. 43060/000J Movement No. 718’304 Case No. 682’151 Model Name Audubon Birds of America - Band-tailed Pigeon Material

18K yellow gold

Calibre Automatic, cal. K1120, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Vacheron Constantin pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Vacheron Constantin undated international warranty stamped Prince Jewellery and Watch Co., Hong Kong, product literature, presentation pouch and outer packaging.

This exceptionally rare Vacheron Constantin wristwatch from the Métiers d’Art Collection is a true masterpiece of horological artistry. Its dial showcases a stunning depiction of the Bandtailed Pigeon, inspired by John J. Audubon’s renowned Birds of America, rendered in vibrant cloisonné enamel. Signed and dated ’97 by master enamellist Anita Porchet, the dial exemplifies her extraordinary skill in capturing the delicate tonal nuances and lifelike beauty of the birds. Mentored by Suzanne Rohr, Patek Philippe’s master enamellist, Anita Porchet is highly esteemed for her expertise across multiple branches of the art, including cloisonné, champlevé, grisaille, paillonné, Limoges, and miniature painting. Her versatility distinguishes her from many of her specialised peers and predecessors. While signature indicated with “A.P” are from her atelier under her art direction, on the other hand, the display of the full signature “A. Porchet” is works of art created solely by Madame Porchet, a true prized gem for collectors. Offered as one of a limited edition of 10 pieces and in “likenew” condition, it is a true collector’s treasure for those who appreciate rare and remarkable watches that blend technical excellence with artistic heritage.

845.

VACHERON CONSTANTIN — A well-preserved, exquisite and attractive limited edition yellow gold wristwatch with cloisonne enamel dial signed by Anita Porchet, one of a limited edition of 10 pieces, made as tribute to Jean-Jacques Audubon’s “Birds of America: Carolina Parrot”

江詩丹頓，「Audubon Birds of America」型號 43060/1，十分精細，限量版黃金掐絲琺瑯自動腕錶，當代首席琺瑯大師Anita Porchet臨摹法裔美國畫師 Jean-Jacques Audubon 畫作「Carolina Parrot」，限量發行10枚，約1997年製。 Manufacturer

Vacheron Constantin

Year

Circa 1997

Reference No. 43060/1 Movement No. 798’805 Case No. 682’203 Model Name Audubon Birds of America - Carolina Parrot Material

18K yellow gold

Calibre Automatic, cal. 1120/2, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Vacheron Constantin pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by purchase invoice dated 7 February 1998.

A portal into the natural world, the present ref. 43060 depicts a portion of Audubon’s “Carolina Parrot”, reimagined by the renowned master enamellist Anita Porchet, signed A. Porchet ’97 on the dial, featuring a dynamic group of four Carolina parakeet. Declared extinct in 1939, this species of small green neotropical parrot have popularised thanks to its vibrant coat of feathers with a bright yellow head, reddish-orange face and pale beak. Since the retirement of the legendary Suzanne Rohr from Patek Philippe, Porchet is acknowledged as the greatest enameller in the Swiss watch industry. What sets her apart is her mastery of the branches of enamelling: transluscent plique-à-jour; paillonné, with its hundreds of tiny pieces of gold suspended in layer upon layer of transparent enamel; the subtle black, white and grey of grisaille; champlevé, in which the enamel is placed in declivities engraved in the surface; cloisonné, whereby a filament of gold is shaped into a series of cells, or cloisons, into which enamel is placed with the point of a brush; and miniature enamel painting, which is regarded as the most complex. Completed in 1997, the dial is not the only work of art in this watch as the hinged case back opens to reveal its beautifully finished movement bearing the desirable Geneva seal. The rotor of the extra slim cal. 1120/2 has furthermore been elegantly skeletonised and engraved. Offered in well-preserved overall condition and accompanied by its original purchasing invoice, the present timepiece is physical proof that haute horlogerie and art can be one.

846.

VACHERON CONSTANTIN — A “new-old-stock”, unworn and exquisite limited edition yellow gold wristwatch with cloisonné enamel dial signed by Muriel Sechaud, warranty and presentation pouch, one of a limited edition of 10 pieces, made in tribute to Jean-Jacques Audubon’s “Birds of America: Roseate Spoonbill”

江詩丹頓，「Audubon Birds of America」型號43060/ 000J，十分精細，限量版黃金掐絲琺瑯自動腕錶，當代琺瑯大師Muriel Sechaud臨摹法裔美國畫師 Jean-Jacques Audubon 畫作「 Roseate Spoonbill」，限量發行10枚，約1998年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 1998

Reference No. 43060/000J Movement No. 861’331 Case No. 693’240 Model Name Audubon Birds of America - Roseate Spoonbill Material

18K yellow gold

The Vacheron Constantin Audubon “Birds of America” is a delightful watch that invites us to step back, take a deep breath and appreciate crafts that require time and patience. The cloisonné enamel of the present example depicts the Roseate Spoonbill as drawn by Muriel Sechaud in 1998, as signed on the dial. Enamellists like Muriel Sechaud are celebrated as there are only very few of them. After mass-produced quartz movements decimated Switzerland’s mechanical-watch industry in the 1970s, miniature enamel painting and other related artistic skills nearly became extinct. The few artists still working, including Suzanne Rohr and Muriel Sechaud, labored alone, supported by old-line brands. The dial is not the only work of art in this watch, the movement, hidden behind a hinged back, opens to reveal a beautifully finished movement bearing the prestigious Geneva seal. The rotor of the extra slim calibre 1120/2 has furthermore been elegantly skeletonized and engraved. Preserved in “new-oldstock” condition and as one of limited edition of 10 pieces, the present timepiece is a physical proof that haute horlogerie and art can be one.

847.

VACHERON CONSTANTIN — A well-preserved, exquisite and attractive limited edition yellow gold wristwatch with cloisonne enamel dial signed by Muriel Sechaud, warranty and presentation box, one of a limited edition of 10 pieces, made as tribute to Jean-Jacques “Audubon’s Birds of America: Shoveller Duck”

江詩丹頓，「Audubon Birds of America」型號 43060/000J，十分精細，限量版黃金掐絲琺瑯自動腕錶，當代琺瑯大師Muriel Sechaud臨摹法裔美國畫師 Jean-Jacques Audubon 畫作「 Shoveller Duck」，限量發行10枚，約1997年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 1997

Reference No. 43060/000J Movement No. 798’702 Case No. 675’697 Model Name Audubon Birds of America - Shoveller Duck Material

18K yellow gold

Crafted by famous enamellist Muriel Séchaud and dated ’97, the cloisonné enamel dial of this remarkable timepiece features Jean-Jacques Audubon’s Shoveller Duck, now known as the Northern Shoveler. Séchaud faithfully captures the intricate detail and natural elegance of Audubon’s illustration, bringing the bird to life through vibrant enamel work. The Northern Shoveler is easily recognised by its large, shovelshaped bill, which is not only distinctive in appearance but also highly functional. Along the edges are approximately 110 fine projections that act like a sieve, allowing the duck to filter tiny crustaceans, seeds, and aquatic invertebrates from the water. Northern Shovelers are monogamous and tend to remain paired longer than most other dabbling ducks. They typically form bonds on their wintering grounds and stay together until just before the autumn migration. Presented in well-preserved condition along with its original accessories, the present timepiece showcases Vacheron Constantin’s dedication to combining fine watchmaking with exceptional artistic craftsmanship.

848.

VACHERON CONSTANTIN — A “new-old-stock”, exquisite and divine limited edition yellow gold wristwatch with cloisonné enamel dial signed by Muriel Sechaud, warranty and presenattion pouch, one of a limited edition of 10 pieces, made in tribute to Jean-Jacques Audubon’s “Birds of America: Columbia Jay”

江詩丹頓，「Audubon Birds of America」型號 43060/000J，十分精細，限量版黃金掐絲琺瑯自動腕錶，當代琺瑯大師Muriel Sechaud臨摹法裔美國畫師 Jean-Jacques Audubon 畫作「Columbia Jay」，限量發行10枚，約1997年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 1997

Reference No. 43060/000J Movement No. 798’925 Case No. 682’164 Model Name Audubon Birds of America - Columbia Jay Material

18K yellow gold

The cloisonné enamel dial of this exceptional timepiece features a vivid and finely detailed depiction of Audubon’s Columbia Jay, now known as the Black-throated Magpie-Jay. Faithfully rendered by renowned enamellist Muriel Séchaud, signed and dated ’97, the artwork captures the intricate beauty of Audubon’s original illustration. Among the ten birds featured in this distinguished Métiers d’Art series, the Columbia Jay is one of the rarest to appear at international auctions. Among contemporary exponents of enamel art, Muriel Séchaud is undoubtedly one of the elite names, regularly called upon by Vacheron Constantin. He was one of the few artisans in the 1990s and early 2000’s creating hand-painted enamel dials by using traditional techniques. Often compared with Suzanne Rohr, who worked with Patek Philippe to the same high-quality using what was considered a dying art, both artisans are renowned in the industry. Offered in outstanding “new-old-stock” condition, this example is accompanied by its full set of original accessories, making it a highly desirable piece for collectors of rare and artistically significant timepieces.

DIAMONDS ARE FOREVER

Diamond and gem-set watches emerged as early as in 18th century as symbols of elite horology, blending Swiss watchmaking precision with French jewelry artistry. Early examples, like those from Jean-Antoine Lépine in the 1770s, featured diamonds on cases to denote royal patronage—think Marie Antoinette’s famous Breguet pocket watch encrusted with gems. These weren’t just timepieces; they were wearable heirlooms for aristocracy, signifying wealth and status during eras when diamonds were rarer and more labor-intensive to cut. Gems and diamonds elevate watches beyond utility into art and status symbols. Diamonds, in particular, symbolizing eternal clarity and strength, often adorn high-end pieces from brands like Cartier or Van Cleef & Arpels, evoking glamour and permanence. Colored gems like sapphires or emeralds add narrative depth—e.g., a ruby-set Rolex might nod to passion or rarity. Setting gems on watches is a feat of engineering. Precision cutting ensures stones align with intricate movements, while bezels or dials must withstand daily wear without scratching the case. Techniques like pavé, scattering small diamonds, or invisible setting showcase unparalleled mastery. This fusion demands collaboration between watchmakers and lapidaries, making each piece a limited-edition rarity. Diamond-set watches transcend telling time—they encapsulate human ambition, turning fleeting seconds into enduring opulence. For enthusiasts and collectors, they consider the story behind the stones as much as the sparkle.

849.

BREGUET — A “like-new”, dazzling and impressive white gold and baguette diamond-set minute repeating wristwatch with small seconds, Lemania movement, 24-hour indication and guilloché dial

寶璣，「Classique」型號3631，精美罕有，白金鑲方鑽三問腕錶，備多重璣鏤飾紋錶盤、Lemania機芯、 24小時顯示，約1999年製。 Manufacturer

Breguet

Year

Circa 1999

Reference No. 3631 Movement No. 5138 Case No. 1568F Model Name Classique Material

18K white gold

Calibre Manual, cal. 567, 30 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Breguet pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 500,000–1,000,000 USD 64,100–128,000 Accessories Accompanied by original invoice from Prince Jewellery and Watch Co., Hong Kong dated 16th January 1999.

In 1873, Abraham-Louis Breguet developed the world’s first minute repeating watch with a gong spring, replacing the traditional bell. This innovation revolutionized the minute repeating mechanism, and today, the gong spring remains a key component in any minute repeating timepiece. The present watch not only showcases exceptional craftsmanship in its movement but is also set with 88 dazzling baguette diamonds that radiate brilliance from the wrist. The bezel is channel-set with 36 calibré-cut diamonds, the case sides are adorned with 24 square-cut and baguette diamonds, and the lugs are further embellished with 28 baguette diamonds, totaling approximately 10.5 carats. Classic in every aspect, the reference 3631 is encased in a sleek white gold case, featuring the brand’s iconic guilloché dial executed in four different techniques: “Clou de Paris” on the main dial, “Damier croisé” on the register at 9 o’clock, “Vieux paniers” on the upper half of the register at 3 o’clock, and “Décor flammé” on the lower half. The caliber 567 is based on a Lemania ebauche, inspired by vintage repeaters from the Vallée de Joux. With its extreme rarity, only a handful of these timepieces are known to exist in the market. The watch also comes with the original invoice from 1999, indicating a purchase price of an impressive HKD 1,880,000. This particular example, offered for the first time at Phillips and preserved in attractive like-new condition, presents a wonderfully crisp chime.

BREGUET

Ref. 3631, Classique

850.

BREGUET — A well-preserved, extravagant and rare white gold baguette diamond-set skeletonised tourbillion wristwatch with small seconds

寶璣，型號 3356，精美罕有，白金鏤空鑲方鑽陀飛輪腕錶，備小三針，約1998年製。 Manufacturer

Breguet

Year

Circa 1998

Reference No. 3356 Case No. 2859 E Material

18K white gold and diamonds

Calibre

Manual, jewelled

Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Breguet deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 500,000–1,000,000 USD 64,100–128,000 Accessories Accompanied by purchase invoice dated 28 January 1998.

A dazzling expression of Breguet’s haute horlogerie, the ref. 3356 combines technical mastery with haute joaillerie elegance. Housed in an 18K white gold case set with 99 baguette-cut factory diamonds, approximately 11 carats, this timepiece features a fully skeletonised, hand-engraved tourbillon movement. The manual movement showcases exceptional finishing, with sharp inner and outer corners meticulously chamfered and polished by hand. The skeletonised dial reveals intricate details such as the cross-spoked cannon wheel and the barrel and ratchet wheel shaped like delicate ‘dragonfly legs’, visible from both sides of the movement. A signature three-pointed seconds hand, mounted on the tourbillon cage, sweeps across a 120-degree sector scale, which is an enduring design element introduced by Daniel Roth. Viewed through the sapphire case back, the movement is a miniature sculpture in motion, blending mechanical ingenuity with artistic finesse. Paired with its original glossy black crocodile strap and offered at Phillips for the first time, the present reference is in well-preserved condition and accompanied by its original purchasing invoice with an impressive price of £163,318.

BREGUET Ref. 3356

851.

BREGUET — An impressive, highly rare and attractive white gold skeletonized baguette diamond-set chronograph wristwatch with warranty and presentation box

寶璣，「Classique Chronographe」型號5238，十分精美罕有，白金鑲方鑽鏤空計時腕錶，約2000年代製。附原裝證書、錶盒 Manufacturer

Breguet

Year

Circa 2000s

Reference No. 5238 Movement No. 196 Case No. 2396Q Model Name Classique Chronographe Material

18K white gold

Calibre Manual, cal. 533.2 SQ, 21 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Breguet deployant clasp Dimensions 41mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 400,000–800,000 USD 51,300–103,000 Accessories Accompanied by Breguet warranty stamped Breguet Boutique Hong Kong, instruction manual, product literature, key, fitted presentation box and outer packaging.

The Classique Chronograph ref. 5238 presented here elevates this tradition into the realm of the extraordinary. Where most Classiques lean toward restrained elegance in yellow gold with silvered guilloché dials, this example embraces opulence: a commanding white gold case, richly set with 96 baguettecut diamonds across the bezel and lugs. Complementing this splendor is the cal. 533.2 SQ, a movement that seamlessly unites Breguet’s artistry in engraving with the transparency of skeletonization. Through its openworked architecture, every detail of mechanical life comes alive: Each component is both functional and ornamental, transforming timekeeping into a mechanical performance of the highest order. Exceptionally rare and radiantly executed, this ref. 5238 is the first of the reference to be offered at Phillips. Preserved in barely worn condition and accompanied with its full set of accessories, this is a statement of mastery, decadence, and horological heritage like few others in the history of Breguet.

BREGUET

Ref. 5238, Classique Chronographe

852.

BREGUET — A unworn white gold and baguette diamond-set wristwatch with Clous de Paris guilloché dial, alarm, center seconds and date

寶璣，型號3601，精細，白金鑲方鑽自動腕錶，備巴黎釘紋飾錶盤、鬧鐘功能、中心秒針、日期顯示，約2003 年製。 Manufacturer

Breguet

Year

Circa 2003

Reference No. 3601 Case No. 2864 E Material

18K white gold and diamonds

Calibre Automatic, cal. 579, 19 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Breguet deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Swatch Group (Hong Kong) service paper dated 25 October 2007.

The Breguet ref. 3601 is a rare and exceptional timepiece that exemplifies Breguet’s enduring legacy of innovation, elegance, and craftsmanship. This reference is seldom seen in the market, with its last recorded public appearance at auction in 2006. Its long absence from public view has only added to its mystique and desirability. Set with approximately 12.10 carats of square, baguette, triangular and round reverse-cut diamonds, the watch transforms a technical complication into a brilliant expression of haute horlogerie. In terms of functionality, it shares the same mechanical alarm complication as the earlier ref. 3600, but offers a more refined and luxurious interpretation. The crown positioned near two o’clock allows the wearer to activate or deactivate the alarm, while the crown at four o’clock is used to set the alarm time. The dial features intricate Clous de Paris guilloché, with two diamond-shaped indexes that elegantly indicate the alarm time. The inner index marks the hour, and the outer index indicates the minute, providing both clarity and sophistication. Offered for the first time at Phillips, what truly distinguishes the Ref. 3601 is its seamless integration of horological ingenuity and high jewellery artistry. It is not merely a timekeeping instrument, but a wearable masterpiece that reflects the pinnacle of Breguet’s design philosophy. Presented in excellent condition, the watch is paired with its original black leather strap, which offers a subtle contrast to the brilliance of the diamond-set case. This thoughtful pairing enhances the overall balance of the piece, making it a coveted treasure for collectors and connoisseurs alike.

BREGUET

Ref. 3601, Alarm

THE HANDOVER OF HONG KONG, 1997

To hold one of these timepieces is to cradle a profound and complex moment, forever suspended in history. The five lots we present in this singular collection are far more than mere watches; they are intricate tapestries woven from the threads of geopolitics, horological artistry, colonial nostalgia, and nascent national pride. They represent a unique and almost paradoxical chapter in watchmaking: the creation of luxury commemoratives for an event in modern history whose ultimate meaning was the transfer of sovereignty—the handover of Hong Kong from the United Kingdom to the People’s Republic of China on July 1, 1997. It is into this maelstrom of sentiment that the world’s foremost watchmakers poured their creative energies. Why? Because a watch is the ultimate commemorative object. Unlike a medal or a document, a watch is alive. It breathes with a mechanical pulse, marking the passage of seconds, minutes, and hours from that historic moment into an unknown future. It is a personal, wearable piece of history. The manufacturers, primarily Swiss, were keenly aware of their dual audience: the established, often British-influenced elite of Hong Kong who had cherished European watchmaking for generations, and the burgeoning new class of mainland Chinese collectors for whom such a timepiece would be a powerful symbol of a restored national identity.

The artistry employed is a testament to the métiers d’art that the Swiss industry had begun to champion with renewed vigor in the 1990s. We see exquisite miniature enamel painting depicting the Hong Kong skyline, or the Hong Kong signature junk boat dancing on the waves within Victoria Harbour. We observe the use of yellow gold symbolising luck and prosperity in Chinese culture. Each decision was deliberate, a word in a silent dialogue between the maker and the future owner about identity, memory, and legacy. The market for these specific commemoratives has evolved dramatically. In the immediate aftermath of 1997, they were often seen as beautiful, yet dated, curiosities. However, the past two decades have seen a dramatic reassessment. Several factors drive their soaring collectibility today: Historical Significance: They are first-edition witnesses to a pivotal global event. Absolute Rarity: Unlike standard production models, these were made in tiny, fixed numbers. Many were gifted to dignitaries or immediately purchased by astute local collectors, meaning examples in untouched, exceptional condition are extraordinarily scarce on the open market.

The watches born from this occasion can be broadly categorized into three thematic groups, all of which are represented in this curated segment:

Nostalgia: For a generation that remembers 1997, these watches are powerful tactile triggers of memory.

The Overtly Commemorative: Pieces that explicitly reference the date, the event, and the symbolism of the handover through enamel scenes, and dedicated dial text.

Artistic Merit: They represent some of the finest and most creative métiers d’art work of the late 20th century, a period of renaissance for these ancient crafts.

The Symbolically Themed: Watches that forgo direct mention but capture the spirit through artistic motifs—the iconic HSBC tower or WanChai Convention Centre seen on Ulysse Nardin’s San Marco, the fusion of Chinese and Western artistic styles or the theme of “convergence.”

In curating this segment for our Hong Kong XXI auction, each watch speaks the language of political ceremony, another of cultural fusion, and another of pure, unadulterated horological excellence presented for a landmark occasion. Together, they form a cohesive and profoundly important collection that transcends the sum of its parts.

The Rarity of the Edition: Watches produced in exceptionally limited series, acknowledging the exclusivity of the moment itself.

To acquire one of these lots is to become the custodian of this history. You are not just purchasing a watch; you are preserving a moment frozen in time, a complex, beautiful, and enduring artifact that asks not to be judged, but simply to be remembered. It is a privilege for Phillips to present them and we invite you to explore the following pages and to consider the weight of history, the peak of craftsmanship, and the timeless appeal of a moment captured forever.

853.

ULYSSE NARDIN — A well-preserved, unworn and possibly unique platinum wristwatch with center seconds, Hong Kong Victoria Harbor cloisonné enamel dial, certificate and presentation box, made to commemorate the Hong Kong handover

雅典，「Chronometer San Marco “Musée”」型號 139-70-9，可能獨一無二，鉑金大三針自動腕錶，備掐絲琺瑯維多利亞港錶盤，特為紀念香港回歸發行，約1997年製。附原裝證書、錶盒 Manufacturer

Ulysse Nardin

Year

Circa 1997

Reference No. 139-70-9 Movement No. 131’412’263 Model Name Chronometer San Marco “Musée” Material

Platinum

Calibre Automatic, cal. 2892 A2, 21 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Ulysse Nardin pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by blank Ulysse Nardin certificate, blank Ulysse Nardin certificate of limited edition, COSC certificate dated 10 November 1997, leather folio, fitted presentation box and outer packaging.

Though Ulysse Nardin is now better known for its avant-garde models, enamel dials were a central element in Ulysse Nardin’s collection between 1980s and the early 2000s. All crafted by Donzé Cadrans, cloisonné enamel was reserved for the brand’s most prestigious models, such as the Chronometer San Marco. The present San Marco Chronometer features a striking cloisonné enamel dial that vividly portrays the iconic skyline and Victoria Harbour of Hong Kong, capturing the city’s vibrant character and energetic pace. At the center of the dial is a traditional Chinese junk sailing across Victoria Harbour, a tribute both to the brand’s maritime heritage and to Hong Kong’s transformation from a fishing village into a global metropolis. The Bank of China Tower, one of the city’s most recognisable landmarks, is also prominently featured, anchoring the composition and celebrating Hong Kong’s modern identity. To commemorate the historic event, the caseback is engraved in Traditional Chinese with the city’s name “香港” and the handover date “1997年7月1日”. The present example is a possibly unique piece signed Musée. Offered in well-preserved overall condition, the present timepiece accompanied by its original accessories.

854.

VACHERON CONSTANTIN — An exquisite and well-preserved limited edition pink gold wristwatch with retrograde hours and minutes, polychrome champlevé enamel dial depicting Southeast China and Taiwan, certificate and presentation box, numbered 24 of a limited edition of 30 pieces, made to commemorate the handover of Hong Kong on 1 July 1997

江詩丹頓，「1997 Mercator」型號43050，十分精細罕有，限量版玫瑰金自動腕錶，備逆跳讀時及分鐘，中國東南部及台灣地圖彩色內填琺瑯錶盤，特為紀念香港回歸限量發行30枚，編號24號，1997年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

1997

Reference No. 43050 Movement No. 798’756 Case No. 674’966, 24/30 Model Name 1997 Mercator Material

18K pink gold

Calibre Automatic, cal. 1120/2, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Vacheron Constantin deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 250,000–450,000 USD 32,100–57,700 Accessories Accompanied by Vacheron Constantin certificate of authenticity confirming the production of the present timepiece on 28 March 1997, product literature, additional Vacheron Constantin brown crocodile strap, loupe, fitted presentation box and outer packaging.

To celebrate the handover of Hong Kong, Vacheron Constantin introduced the “1997 Mercator”. The design draws inspiration from the brand’s original Mercator watch, created to honour the legendary cartographer, Gerardus Mercator. His pioneering work in mapmaking laid the foundation for global trade and, symbolically, for Hong Kong’s rise as a major international hub. “1 July 1997,” the official handover date, is discreetly inscribed along the edge of the dial. This edition features an enamel dial inspired by Mercator’s first map of China, with a Chinese junk boat prominently placed between the arcs of the hour and minute hands. The junk, a globally recognized symbol of Hong Kong, reflects the city’s transformation from a humble fishing village into a thriving metropolis. Historically used for freight, the junk also represents prosperity and fortune, reinforcing the watch’s tribute to Hong Kong’s dynamic growth and cultural heritage. As with all Mercator watches, the dial is signed by renowned enamellists Jean and Lucie Genbrugge, with their signature placed near the minute arc along the edge of the dial. Numbered 24 of a limited edition of only 30 pieces, the present example is offered in well-preserved condition along with its original accessories. It is an ideal timepiece for collectors who appreciate a blend of horological craftsmanship, historical significance, and cultural symbolism.

VACHERON CONSTANTIN 1997 Mercator

855.

PIAGET — A unique, “like-new”, impressive and important yellow gold, baguette-cut diamond and emerald-set carillon minute repeating keyless pocket watch with engraved hunter case, mother-of-pearl dial, engraved movement, matching yellow gold, diamond and emerald-set chain, crystal and onyx-set presentation stand, showcase, boxes, certificate and original invoice

The handover of Hong Kong in 1997 stands as one of the most significant dates of the century, marking the transformation of a once modest “fishing village” into one of the world’s leading cities in finance and business. Hong Kong has always been a unique place, renowned for its diverse population and cultures, catering to the needs of all its citizens. As a major hub for Swiss watch exports, Hong Kong has cultivated a distinct appreciation for watch collecting. To commemorate this pivotal event, Piaget, known for its expertise in creating ultra-thin mechanical movements and elegant designs that blend haute horlogerie with haute joaillerie, crafted a one-of-a-kind piece that is both exceptionally complicated and a statement in the industry. From a distance, the lavishly decorated baguette diamonds on the front bezel and bow catch the eye, encircling an intricately engraved dragon on the yellow gold case. The dragon, deeply rooted in Chinese culture and featured in the Chinese Zodiac, symbolizes power, strength, and benevolence, making it a revered mythological figure associated with prosperity and imperial authority. Turning the watch over reveals another exquisite engraving depicting a 1990s view of Victoria Harbour and the Hong Kong Island skyline, featuring recognizable landmarks like Jardine House, the General Post Office, Exchange Square, and Central Pier—a scene instantly recognizable to anyone who grew up in Hong Kong. This imagery is encircled by baguette-cut emeralds adorning the bezel and bow, showcasing a true luxury piece that marries haute horlogerie with haute joaillerie. The caseband is further adorned with baguette-cut diamonds, with the minute repeater slider set with baguette-cut emeralds. In total, the case features 246 baguette-cut diamonds (22.6 carats) and 89 baguette-cut emeralds (8.83 carats), including those on the caseback, bow, and crown, which has a brilliant-cut diamond of 0.07 carats.

PIAGET

Unique Piece

855.

伯爵，「Répétition à Minutes à Carillon」，獨一無二，極為精細，黃金鑲鑽石及綠寶石四鎚三問獵殼懷錶，備珠母貝錶盤、雕刻錶殼及機芯，約1996年製。附原裝證書、錶鏈、水晶底座、配件、錶盒 Manufacturer

Piaget

Year

Circa 1996

Case No. 634’846, 1807, Piece Unique Model Name Répétition à Minutes à Carillon Material

18K yellow gold, diamonds, emeralds, mother-of-pearl

Calibre Manual, cal. 45324P, jewelled Dimensions 58.5mm diameter Signed Case, dial and movement signed Estimate HKD 700,000–1,400,000 USD 89,700–179,000 Accessories Accompanied by Piaget Certificate of Authenticity, matching yellow gold, diamond and emerald-set chain, rock crystal and onyx-set presentation stand, original invoice dated 30th July 1998, instruction manual, glass presentation showcase, 2 fitted presentation boxes and outer packaging.

As a true high jewelry timepiece, the marvel continues inside the hunting case, revealing a beautiful dial crafted in 18K yellow gold with a guilloché center. It is set with 60 baguette-cut diamonds (2.17 carats), baguette-cut emerald hour markers (0.86 carats), 12 brilliant-cut diamonds, and mother-of-pearl inserts. The movement is equally impressive, gold-gilted and fully engraved, based on a grand complication movement from the early 20th century, entirely restored and transformed by Piaget. It features a carillon minute repeater, which strikes the time with a low note for the hours, a quadruple note for the quarters, and a high note for the minutes—an exceptional feature among repeaters as most repeaters strike the time with two hammers on two gongs. The matching chain, also crafted in 18K yellow gold, is set with 12 square-cut emeralds (1.02 carats) and 108 brilliant-cut diamonds (1.80 carats), with a base forged in rock crystal inlaid with onyx. Such an important timepiece required Piaget’s master craftsmen to devote their full expertise in both watchmaking and jewelry-making to its creation, a process involving hundreds of hours of work exclusively by the brand. The timepiece was first presented at SIHH 1996 in Geneva, with an impressive public price of CHF 1,700,000, and the owner commissioned the present gold-engraved covers to commemorate this significant event in Hong Kong.

Crafted for a distinguished collector who appreciates the beauty of traditional watchmaking alongside the elegance of high complications and jewelry, this piece is undoubtedly unique and showcases the pinnacle of haute horlogerie. Offered complete with all accessories and the original purchasing invoice from 1998, it represents a significant timepiece in Hong Kong and Asian culture.

PIAGET

Unique Piece

856.

ULYSSE NARDIN — A rare and commemorative limited edition yellow gold wristwatch with center seconds, Hong Kong Victoria Harbor cloisonné enamel dial, certificate and presentation box, numbered 1 of a limited edition of 28 pieces, made to commemorate the Hong Kong handover

Ulysse Nardin，「Chronometer San Marco “Hong Kong Victoria Harbor”」型號136-77-9，限量版黃金大三針腕錶，備掐絲琺瑯維多利亞港錶盤，特為紀念香港回歸限量發行28枚，編號第1號，約1997年製。附原裝證書、錶盒 Manufacturer

Ulysse Nardin

Year

Circa 1997

Reference No. 136-77-9 Movement No. 20’831 Case No. 1/28 Model Name Chronometer San Marco “Hong Kong Victoria Harbor” Material

18K yellow gold

Calibre Automatic, cal. 2892A2, 21 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Ulysse Nardin pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 70,000–140,000 USD 9,000–17,900 Accessories Accompanied by blank Ulysse Nardin Certificate, instruction manual, COSC certificates, leather holder, fitted presentation box and outer packaging.

Victoria Harbour, the beating heart of Hong Kong, is a stunning natural harbor separating Hong Kong Island from the Kowloon Peninsula. Renowned for its breathtaking skyline, the harbor is a global icon of urban beauty, framed by towering skyscrapers and the majestic Victoria Peak. By day, it’s waters bustle with ferries, ships, and traditional junks, while at night, it transforms into a dazzling horizon of infinite lights. As a historic trade hub and cultural landmark, Victoria Harbour embodies Hong Kong’s vibrant spirit, blending East and West in a mesmerizing waterfront spectacle. The present Ulysse Nardin Chronometer San Marco features a beautiful cloisonné enamel dial depicting the famous Harbour where the iconic Hong Kong Convention Centre can be recognized right away. Complemented by the red Dukling, the vessel was originally owned and manned by Chinese fishermen. It was typical junk which used to crisscross Hong Kong waterways. After sailing the waters and deep sea channels for more than 60 years and still operating today. A perfect celebration of the Hong Kong handover in 1997, 28 pieces in yellow gold of this model were produced. The present example is numbered 1 from the series and preserved in a private collection ever since it’s launched.

857.

BOVET — A “like-new” and unworn set of two limited edition pink gold wristwatches with Hong Kong Victoria Harbour cloisonné enamel dial, certificates and presentation box, numbered 6 of a limited edition of 10 sets, made to commemorate the handover of Hong Kong on 1st July 1997

播威，「Fleurier」型號BC/DB02.0/00/HK day/1B/ 00/0 及 BC/DB02.0/00/HK night/1B/00/0，一套兩枚玫瑰金自動腕錶，備掐絲琺瑯維多利亞港及中式帆船圖案，特為紀念香港於1997年7月1日回歸限量發行10套，編號第6號，約1997年製。附原裝證書、錶盒 Manufacturer

Bovet

Year

Circa 1997

Reference No. BC/DB02.0/00/HK day/1B/00/0 and BC/DB02.0/00/HK night/1B/00/0 Case No. DAY: 002030, 06/10, NIGHT: 002031, 06/10 Model Name Fleurier Material

18K pink gold

Calibre Automatic, cal. 12BA01, 35 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Bovet pin buckles Dimensions 34mm diameter Signed Cases, dials, movements and buckles signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Bovet undated certificates, instruction manuals, note papers, leather folios, magnifying glasses with leather pouches, fitted presentation box and outer packaging.

This set of timepieces was created to commemorate the 1997 handover of Hong Kong to China. Each watch features a cloisonné enamel dial depicting a Chinese junk sailing across Victoria Harbour, with the city’s skyline shown by day and by night. The watches are housed in Bovet’s signature Fleurier case, instantly recognisable by its crown and bow positioned at twelve o’clock, inspired by nineteenth-century pocket watches. Numbered six of a limited edition of ten sets, these two examples are presented in “like-new” and unworn condition and are accompanied by their full set of accessories.

THE ARCHITECT OF AMERICAN CHIC

The watches of Concord, particularly during their zenith in the 1970s and 1980s, represent one of the most thrilling, influential, and curiously undervalued chapters in the history of watch design. They are not mere timekeepers; they are wearable manifestos of confidence, innovation, and unabashed luxury, conceived not in the quiet valleys of Jura, but in the skyscraper boardrooms of New York and the glamorous poolsides of Beverly Hills. This curated segment for Phillips Hong Kong Watches XXI is not just a sale of watches; it is a critical reappraisal. It is an invitation to explore the legacy of a brand that, for a glorious and disruptive period, did not follow horological trends—it set them. It championed the radical, embraced the new, and, with the financial might of the North American Watch Corporation behind it, executed its vision with a quality and bravado that still resonates today. To understand Concord is to understand the confluence of several powerful forces: the rise of the American luxury consumer, and the sheer, unadulterated glamour of the Jet Set era. The story of Concord, of course, begins with elegant, Swissmade dress watches. Founded in 1908 in Biel/Bienne, it established itself as a respectable maker of quality timepieces, many for the American market. Following World War I, Concord quickly became known for its exquisite jewelled timepieces crafted from platinum and adorned with diamonds, rubies, and sapphires. Propelling the brand’s popularity onto the global stage, U.S President Harry S. Truman famously presented a Concord to Winston Churchill and Joseph Stalin during the Potsdam Peace Conference in 1945. However, its true metamorphosis began in 1970 when it was acquired by the North American Watch Company, led by the visionary Gedalio Grinberg. Grinberg understood the American psyche. He saw a post-war nation brimming with confidence, one that looked forward, not backward. It was a culture ripe for a new kind of luxury object: bold, modern, and distinctly of its time. This vision in its ultimate expression can be seen today in the pieces on offer— solid, weighty watches, each housing a platinum minute repeater complication but fully adorned in diamonds, sapphires, rubies and emeralds. These watches are certainly not for the faint hearted, certainly not a watch for a Wall Street banker to hide under a cuff; they are meant for the entrepreneur who unbuttoned his shirt, got on his yacht, and commanded attention. It was the embodiment of “American Chic”—a term denoting a luxury that was confident, relaxed, and sporty, rather than formal and European.

This ethos of boundary-pushing design reached its apotheosis with the Concord Saratoga. Introduced in the early 1980s, the Saratoga was the ultimate expression of Grinberg’s fully realized vision. It was the paragon of what can be termed “American Chic”—a luxury that was not stuffy or formal, but confident, glamorous, and effortlessly stylish. Its name, evoking the famed spa town and racecourse in New York, was perfectly chosen, conjuring images of old-money elegance seamlessly blended with sporting excitement. The design of the Saratoga was a revelation. Concord, understanding that its clientele viewed a watch as a piece of jewelry, employed a breathtaking array of materials and techniques. They moved beyond mere enamel or guilloché into the realm of the jeweler-artisan. The Saratoga was more than a timepiece; it was a wearable emblem of 1980s success. It was worn by the icons of the era— Andy Warhol, who appreciated its pop-art sensibility; Cher, who embodied its glam-rock daring; and Joan Collins, for whom it was a perfect accessory for her Dynasty persona, Alexis Colby. It spoke a language of confident wealth and sophisticated taste that was instantly recognizable. This is the legacy we examine in this auction. The lots we present are a journey through this golden age of American horological ambition. These are pieces that demonstrate the breathtaking artistry of the jeweler’s craft with stunning dials and intricate diamond settings, representing the pinnacle of 1980s design. For the collector today, Concord offers a compelling proposition. Firstly, there is the aspect of quality. These were not fashion watches. They were built to the highest standards. Secondly, there is design significance. In a world where many collections can look homogenous, a Concord from this period stands apart. It is a definitive statement piece. It represents a specific, glorious moment in the cultural and design history of the 20th century. This presents a rare opportunity to acquire a watch of museumquality design and undeniable luxury that is still poised for wider recognition. The market is beginning to understand this. The reappraisal is underway, led by design aficionados and collectors seeking watches with a story that exists outside the welltrodden paths.

858.

CONCORD — An unworn, dazzling, impressive and unique platinum, diamond and emerald-set minute repeating perpetual calendar tourbillon wristwatch with moon phases and leap year indication

Concord，「Saratoga Splendour Esmeraude」，獨一無二、精美，鉑金鑲鑽石及綠寶石三問萬年曆陀飛輪腕錶，備月相、閏年顯示，約2000年代製。附原裝文件 Manufacturer

Concord

Year

Circa 2000s

Movement No. 1/1 Model Name Saratoga Splendour Esmeraude Material

Platinum, diamonds and emeralds

Calibre Manual, 38 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum and emerald-set Concord pin buckle Dimensions 42mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 300,000–600,000 USD 38,500–76,900 Accessories Accompanied by Concord instruction manual, photograph, product literature cards.

The Concord Saratoga Splendour Esmeraude is an extraordinary fusion of haute horlogerie and haute joaillerie. The case is meticulously carved from a solid block of platinum and adorned with 8 trapeze emeralds (0.65 ct) and 38 trapeze diamonds (5.02 ct) on the bezel, extending through the lugs. The dial features a stunning pavé setting of 279 diamonds totaling 1.1 ct, with an additional 36 baguette-cut emeralds (1.3 ct) serving as hour markers and for the day and date registers. The platinum buckle is also embellished with six tapered-cut emeralds. The Grand Complication movement is of the highest caliber, incorporating a minute repeater, a perpetual calendar, and a stealthy tourbillon discreetly located on the caseback. While the identity of the skilled watchmaker behind the movement remains uncertain, the finishing and style of the components suggest it may have been crafted by the master Christophe Claret. While historically emeralds symbolize love, loyalty, good fortune, rebirth and peace, this unique interpretation of watchmaking showcases exceptional elegance and craftsmanship. This oneof-a-kind Concord is offered at a fraction of its retail price and in excellent condition, it would be an ideal addition for collectors who appreciate the marriage between haute horlogerie and haute joaillerie.

CONCORD

Unique Saratoga Splendour Esmeraude

859.

CONCORD — An well-preserved and unique platinum, diamond and ruby-set minute repeating perpetual calendar wristwatch with thermometer and leap year indication

Concord，「Saratoga Splendour Rubeus」，獨一無二、精美，鉑金鑲鑽石及紅寶石三問萬年曆腕錶，備溫度計、閏年顯示，約2000年代製。附原裝文件 Manufacturer

Concord

Year

Circa 2000s

Movement No. 1/1 Model Name Saratoga Splendour Rubeus Material

Platinum, diamonds and rubies

Calibre Manual, 32 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum and ruby-set Concord pin buckle Dimensions 42mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 250,000–550,000 USD 32,100–70,500 Accessories Accompanied by Concord instruction manual, photograph, product literature cards.

This Concord Saratoga Splendour Rubeus is an extraordinary piece of horology. The case was carved from a solid block of 117 grams of platinum. The bezel is adorned with 38 diamonds (approximately 5.02 carats) and 8 rubies (approximately 0.95 carats). The dial is decorated with 24 ruby baguettes (approximately 2.2 carats) and 288 pavé diamond (approximately 1.1 carats). The platinum pin buckle is set with 6 rubies with a total weight of 0.75 carats while the crown is set with 0.31 carat special-cut diamond. A total of 327 diamonds weighing 6.43 carats decorates this outstanding masterpiece. Saratoga was used for high-end models in the late 1990s early 2000s. The perpetual calendar movement which features a minute repeater, and a thermometer was created by the master Christophe Claret. Since ancient times, rubies have symbolised passion, protection, and prosperity. Across cultures, they have long been associated with love and commitment, making them a meaningful choice for wedding jewellery. This exquisite timepiece uniquely combines rubies and diamonds, showcasing exceptional craftsmanship and refined elegance. With its harmonious design and radiant presence, this Concord watch stands out as a celebration of artistry and sophistication.

CONCORD

Unique Saratoga Splendour Rubeus

860.

CONCORD — A unique, dazzling and impressive platinum, diamond and sapphire-set minute repeating wristwatch with striking mechanism power reserve indication and moon phases

Concord，「Saratoga Splendour Sapphirus」，獨一無二，鉑金鑲鑽石及藍寶石三問腕錶，備月相、三問動力儲存顯示，約2000年代製。附原裝文件 Manufacturer

Concord

Year

Circa 2000s

Movement No. 1/1 Model Name Saratoga Splendour Sapphirus Material

Platinum, Sapphires and diamonds

Calibre Manual, 32 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum and Sapphire-set Concord pin buckle Dimensions 42mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 400,000–800,000 USD 51,300–103,000 Accessories Accompanied by Concord instruction manual, photograph, product literature cards.

Sapphires together with platinum are one of the most soughtafter alliance amongst Haute Joaillerie timepieces. Blending intricate mechanics with luxurious aesthetics, renowned brands such as Patek Philippe, Rolex and Audemars Piguet have been elevating their complications, integrating sapphires into their designs such as the Patek Philippe ref. 5374 minute repeater perpetual calendar, and sometimes unique special-orders such as the “John Mayer” Royal Oak perpetual calendar 26574BC with sapphires that was spotted on the musician’s wrist. Capturing the celestial gem in perfection, Concord was ahead of times and created the present one-of-a-kind Concord Saratoga Splendour Sapphirus in platinum in the 2000s. Symbolizing beauty, heaven and wisdom of those who wore it, the present minute-repeating timepiece flaunt extravaganza elegantly. Boasting a total of 9.93 carats with trapez sapphires and diamonds, the dial alone totals 18 sapphire baguettes (1.25 carats) and 188 pavé diamonds (1.76 carats). The gem-setting on the platinum case is expectational from the lugs down to the slider of the minute-repeater. Legibility is also cleverly enhanced with the use of the vibrant blue sapphires to differentiate hours and even segments of the power reserve of its striking mechanism. Its mechanical movement proudly numbered 1 of 1 is nothing shy of excellence. Observed with exceptional finishing, the quality suggest it may have been crafted by master Christophe Claret. Christophe Claret is one of the pioneer movement specialists in watchmaking, having been a manufacturer of complicated movements for nearly thirty years. For most of that time, its clients have been other watch brands – officially the company says it has supplied movements to over 20 brands – but since

2009 Christophe Claret has made watches under its own name. Most of those watches have been costly complications like repeaters and tourbillons. Kept in this private collection for more than two decades, the Concord Saratoga Splendour Sapphirus is in ‘like-new’ condition waiting for its next owner to cherish its rarity.

CONCORD

Unique Saratoga Splendour Sapphirus

861.

CONCORD — A unique and impressive platinum and diamond-set minute repeating wristwatch

Concord，「Saratoga Splendour Adamas」，獨一無二、精美，鉑金鑲鑽石三問腕錶，約2000年代製。附原裝文件 Manufacturer

Concord

Year

Circa 2000s

Movement No. 1/1 Model Name Saratoga Splendour Adamas Material

Platinum and diamonds

Calibre Manual, 32 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum and diamond-set Concord pin buckle Dimensions 42mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 250,000–500,000 USD 32,100–64,100 Accessories Accompanied by Concord instruction manual, photograph, product literature cards.

The present Concord Saratoga Splendour Adamas crafted in platinum is lavishly set with diamonds that extend seamlessly across both case and dial. The dial itself dazzles with a composition of baguette‑cut and pavé‑set stones, while the platinum buckle is embellished with six trapeze‑cut diamonds. In total, no fewer than 278 diamonds weighing 9.92 carats adorn this exceptional timepiece. Yet its brilliance is not confined to aesthetics. At its heart beats a movement of the highest sophistication, distinguished by a minute repeater complication. Though the exact maker remains a mystery, the movement’s meticulous finishing and style suggest the hand of Christophe Claret, one of modern watchmaking’s most respected masters. Exuding both opulence and refinement, this one‑of‑a‑kind creation offered in hardly worn condition exemplifies Concord’s rarest achievements. Offered alongside three other Saratoga Splendour pièce uniques in this auction, it is an opportunity not to be missed by the discerning collector.

CONCORD

Unique Saratoga Splendour Adamas

•

862.

CONCORD — A unique wooden presentation box made for the set of four Saratoga Splendour

Concord，木製錶盒，特為四枚「Saratoga Splendour」製作，約2000年代製 Manufacturer

Concord

Year

Circa 2000s

Material

Wood and leather

Dimensions 422mm width x 506mm length x 285mm height Estimate HKD 10,000–20,000 USD 1,300–2,600

Presented without reserve, this exquisite Concord wooden presentation box exemplifies meticulous craftsmanship and refined luxury. Constructed from fine wood, it was specifically designed to house a set of four Saratoga Splendour watches. Its robust and weighty build is on par with the quality of the glamours and unique timepieces. This present lot was acquired by the current consignor alongside the set of four Saratoga Splendour. A smaller wooden box, neatly tucked into the drawer, is included for storing product literature cards. Together, they form an elegant ensemble that appeals to collectors seeking both beauty and practicality. With its timeless design and vintage charm, the box serves as a distinguished display piece, ideal for enhancing any vanity or living space. The presentation box will be a complimentary offer to the successful winner of all 4 lots (Lot 858, 859, 860, 861) to reunited them altogether.

THIS LOT IS OFFERED WITHOUT RESERVE

CONCORD

Ref. ,

TIMELESS DESIGN: THE CALATRAVA

The 1930s was a remarkable decade for Patek Philippe in spite of the Great Depression striking the global economy. The Stern Family of Cadrans Stern Frères acquired Patek Philippe in 1932, they confronted the declining financial situation which the company had been facing since the 1920s, and sought for a way to tackle the Great Depression. The Stern brothers were looking for reformation, with the objective in creating a more recognizable face for the market, where customers could identify the watches by a name, that was when the Reference 96 was introduced, which was the first Patek Philippe wristwatch to receive a formal reference number. Influenced by the Bauhaus movement that had taken place since 1919, aligning with its minimalistic aesthetics and simple forms of design, the Reference 96, first of the Calatrava family, had since then established the fundamental and quintessential look of a wristwatch throughout the next decades. The appointment of experienced watchmaker Jean Pfister as Patek Philippe’s technical director brought the Sterns’ policy of producing their own movement into reality. Under Pfister’s lead, the technical department of Patek Philippe created the first inhouse calibre, the 12’’’120. In 1934, the Reference 96 was chosen to house the new Patek Philippe movement replacing the out-ofhouse movement from LeCoultre. By the time of the early 1950s, despite new calibre and balance wheel designs, Patek Philippe was falling behind with the adoption of self-winding technology in the watchmaking industry. A call for developing a new calibre with refinements and improvements was imminent, François Cart was intrusted by Jean Pfister in devising a self-winding system. In 1953 at the Swiss Industries Fair in Basel, the first self-winding calibre by Patek Philippe, the 12’’’600 AT, made its first appearance in the Reference 2526. Its introduction marked the modern era for Patek Philippe watches, combining a few major technologies, including the Gyromax balance, the self-winding system with its 18k solid gold, a swan neck regulator and a screw-on back waterresistant case. The Reference 2526 of the Calatrava family could be regarded as an impeccable representation of technological refinement and craftmanship in the watchmaking industry. Watches of the Calatrava family could always be seen in major points in the watchmaking industry. Philippe Stern appointed ad man René H. Bittel in creating a watch that could represent the image of Patek Philippe, how a Patek watch should be perceived; an identity that could convince the growing financial speculators, who were familiar with quartz watches but not finely made mechanical wristwatches, to appreciate. In 1985, the Reference 3919 debuted, and through campaigns it took the name Calatrava symbolizing it was the new icon of the historical pantheon of the Swiss watchmaking industry.

The Reference 3919 Calatrava retained the simplicity and elegance from its predecessors of the Calatrava family tree, featuring a subsidiary seconds sub-dial at six o’clock on a humble white porcelain dial with black lacquered Roman numerals. The Clous de Paris hobnail bezel was also a homage to the rare Reference 96D, but instead of a monoblock case the Reference 3919 had soldered lugs, providing a more eye-catching impression. During its production run from 1985 to 2006, it has proven to be one of the most popular Patek Philippe watches. Not long after the Reference 3919 had been introduced, the company’s sales increased 28%, suggesting Bittel’s watch design and campaign fulfilled the task given by Philippe Stern. The distinctive guilloché engraved bezel, being one of the most recognizable characteristics of the Calatrava, could still be seen in succeeding models like the Reference 3802. In this segment of Phillips Hong Kong Watches XXI Timeless Calatrava, several noticeable variations of the Calatrava family have been selected to represent the exceptional craftmanship and persisting quality in this bloodline of dress watches by Patek Philippe. When it comes to showcasing the lineage of the Calatrava, the Reference 2526 is the landmark watch of the family, and the subtle and classic looking creamy enamel dial in outstanding condition, fitting with a yellow gold casing, would be the perfect combination to display a timepiece that has integrated three major technical improvements, and represent the unchallenged pursuit of craftsmanship of Patek Philippe. The References 3919J, 3998G-011, 5000J, 5115 and 3802 in this curation demonstrate the variations in the series can provide an elaborated expression of the Calatrava watches; the series can be everchanging but the core value of being a high-quality mechanical watch is what defines it a timeless classic. The Calatrava has been seen as the image of Patek Philippe, it is also an archetype of Swiss made mechanical wristwatch.

863.

PATEK PHILIPPE — A highly attractive, well-preserved and elegant yellow gold wristwatch with small seconds and enamel dial

百達翡麗，「Calatrava」型號2526「Third Series」，十分精美優雅，黃金自動小三針腕錶，備琺瑯錶盤，約1957年製。 Manufacturer

Patek Philippe

Year

Circa 1957

Reference No. 2526, Third Series Movement No. 764’784 Case No. 2’602’808 Model Name Calatrava Material

18K yellow gold

Calibre Automatic, cal. 12-600 AT, 30 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 35.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 150,000–300,000 USD 19,200–38,500

Arguably one of the most timeless and elegant time-only references ever created by Patek Philippe, the reference 2526 is impossible not to admire. Debuting in 1953, it marks a significant milestone as Patek Philippe’s first-ever serially produced automatic wristwatch. Its practical self-winding caliber is paired with an unbeatable classic design featuring a tastefully executed off-white enamel dial. Produced in various metals including yellow gold, pink gold, white gold, and platinum, it is estimated that only about 2,500 examples were made during its production run until 1960. This appealing yellow gold example belongs to the third series and features a flat screw-down case back, an exquisite enamel dial with applied indexes, a period-correct smaller index at 6 o’clock, and the charming original forged “double P” crown. Equally notable is the caliber 12-600 movement inside, often regarded as one of the finest automatic movements ever created. Offered in excellent overall condition, this example has been well-preserved in this collection for over 20 years. The case has developed a lovely layer of patina in places, and the hallmark between the lugs remains deep and crisp. The dial has aged beautifully to a lovely egg white hue. It is truly a splendid epitome of elegance and a rare gem that should not be overlooked by discerning connoisseurs.

864.

PATEK PHILIPPE — A striking, very elegant and attractive yellow gold wristwatch with small seconds, black dial, Breguet hands and numerals

百達翡麗，「Calatrava」型號96，黃金小三針腕錶，備黑色錶盤、寶璣指針及時標，1950年製。附後補證書 Manufacturer

Patek Philippe

Year

1950

Reference No. 96 Movement No. 966’852 Case No. 302’895 Model Name Calatrava Material

18K yellow gold

Calibre Manual, cal. 12’’’120, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 30.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Delivered with Patek Philippe Extract from the Archives confirming the date of manufacture for the present timepiece in 1950, its subsequent date of sale 15th December 1950 and its black dial with applied Breguet figures in yellow gold was produced between 1980-1990.

The present example, part of the second series from 1950 and confirmed by the Patek Philippe Extract from the Archives, is an exceptional outlier from regular production. Fitted with the correct caliber 12’’’120, this watch features a later black dial with Breguet hands and numerals, produced between 1980 and 1990, as recorded in the Extract from the Archives. To have had the privilege of changing the dial at Patek Philippe, the original collector would have needed to be a significant client of the brand. The glossy black dial is in very well-preserved condition, complete with rare Breguet elements. The hallmark behind the lug remains deep and crisp, and the case proportions are perfectly balanced. Our research indicates that approximately 90 examples with black dials in yellow gold are known in the market. This watch has spent the last 20 years in a safe since its market appearance in 2005. Accompanied by the Extract from the Archives, it represents a rare opportunity to acquire a special reference 96 with a black Breguet dial, embodying the timeless elegance of Patek Philippe.

865.

PATEK PHILIPPE — A highly rare and unworn yellow gold wristwatch with center seconds, date, white porcelain dial, bold Roman numerals, Clous de Paris bezel, Certificate of Origin and presentation box

百達翡麗，「Calatrava」型號 3802/200J-012，罕有，黃金自動大三針腕錶，備日期顯示、白瓷錶盤、粗體羅馬數字、巴黎釘紋飾錶圈，約2007年製。附錶盒、原裝證書 Manufacturer

Patek Philippe

Year

Circa 2007

Reference No. 3802/200J-012 Movement No. 3’256’745 Case No. 4’083’606 Model Name Calatrava Material

18K yellow gold

Calibre Automatic, cal. 315 SC, 30 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Kooheji Store dated 1st January 2007, leather folio, slip pouch, fitted presentation box and outer packaging.

The reference 3802 was introduced in 1983 and bears the traditional elements found also on its predecessors. It is adorned by the well-regarded motif of Clous de Paris bezel first found on the reference 96D from 1934. Celebrating simplicity with a graceful Clous de Paris bezel, this particular example stands out from its peers. The regular production features a minimalistic dial with thin Roman numerals on a plain white canvas. This example however, celebrates in a bold manner. Unworn and preserved in spectacular condition, the dial is first of all porcelain white as indicated on the Certificate of Origin. The numerals execution is truly a crowd pleasure, thick, bold with matching stick hands, the visual impact of this piece is simply stunning. Paired with its good looks, it is complemented with an automatic cal. 315SC with date indication and center seconds. To the best of our knowledge, fresh-to-the-market and the only example surfaced publicly with this configuration. Stowed away in a safe from this private collection for nearly two decades, the case has gained a charming warm patina throughout.

866.

PATEK PHILIPPE — A fine and elegant pink gold wristwatch with center seconds, date, cream dial and Clous de Paris bezel, Certificate of Origin and presentation box – factory service sealed

百達翡麗，「 Calatrava, “Clous de Paris”」型號 3802/ 200R，精細優雅，玫瑰金自動大三針腕錶，備米色錶盤、巴黎釘紋飾錶圈，約1992年製。附原裝證書、錶盒 — 原廠保養單封品 Manufacturer

Patek Philippe

Year

Circa 1992

Reference No. 3802/200R Movement No. 1’444’292 Model Name Calatrava, “Clous de Paris” Material

18K pink gold

Calibre Automatic, cal. 310 SC, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped The Hour Glass Singapore and dated 28th March 1992, instruction manual, product literature, leather folio and fitted presentation box.

Introduced in 1983, the reference 3802 incorporates traditional elements found in its predecessors, featuring the esteemed Clous de Paris bezel motif first seen on the reference 96D from 1934. Achieving simplicity can be challenging, yet this watch masterfully combines a delightful cream dial with a graceful guilloché hobnail bezel, applied hour markers, and pink gold dauphine hands. Alongside its aesthetic appeal, it is powered by the automatic cal. 310SC, which includes a date indication and center seconds, marking it as part of the first series. The present example is preserved in serviced-sealed condition and comes with all accompanying accessories. To the best of our knowledge, it is one of only 28 examples of reference 3802/200R to have appeared publicly at auction to date. Having remained in this collection for over 20 years, this may be the perfect watch for those seeking a classic timepiece to wear on any occasion.

867.

PATEK PHILIPPE — A well-preserved and attractive yellow gold wristwatch with small seconds, white enamel dial with black Roman numerals, “Clous de Paris” bezel, Certificate of Origin and presentation box

百達翡麗，「Calatrava」型號5115J-001，精細，黃金小三針腕錶，備白色琺瑯錶盤、巴黎釘紋錶圈，約2000年製。附錶盒、原裝證書 Manufacturer

Patek Philippe

Year

Circa 2000

Reference No. 5115J-001 Movement No. 1’907’141 Case No. 4’112’697 Model Name Calatrava Material

18K yellow gold

Calibre Manual, cal. 215 PS AIG. 3, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 35mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd., Hong Kong date coded November 2000 (AAPP), photocopy of the Certificate of Origin, instruction manual, product literature, leather folio, outer packaging and fitted presentation box.

The Calatrava ref. 5115 was introduced to the market in 2000 and was discontinued after a few years of production. It features a classic manually wound 1970s-inspired cal. 215 PS AIG.3. With a rather clean and simple appeal, the reference offers much more than that. Featuring an off-white enamel dial with black Roman numerals, the bezel is further embossed with an attractive “Clous de Paris” style hobnail pattern. The present example ref. 5115J-001 has been preserved impeccably in this connoisseur’s collection for the last 25 years, which results in minimal signs of wear. Furthermore, it is also charmed with its Certificate of Origin and fitted presentation box. It is a truly under appreciated Calatrava reference and a great timepiece to go along with a black-tie outfit.

868.

PATEK PHILIPPE — A “new-old-stock” yellow gold wristwatch with “Clous de Paris” bezel, grey dial, Roman numerals, small seconds, Certificate of Origin and presentation box, single-factory-sealed

百達翡麗，「Calatrava」型號3919J-016，黃金小三針腕錶，備巴黎釘紋飾錶圈、灰色錶盤，約2006年製。附原裝證書、錶盒 — 原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2006

Reference No. 3919J-016 Movement No. 1’898’271 Case No. 4’234’999 Model Name Calatrava Material

18K yellow gold

Calibre Manual, cal. 215 PS Aig. 2, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd, Hong Kong dated 27 September 2006, instruction manual, product literature, hang tag, leather folio, fitted presentation box and outer packaging.

The Patek Philippe ref. 3919 is most revered for its “Clous de Paris” hobnail pattern bezel that elegantly frames its time-only dial. Featuring an Atelier Réunis case, the model was delivered in variants of yellow gold, pink gold and white gold. During its successful production run between 1985 and 2006, three series of this reference were realised. The present example is a yellow gold ref. 3919 from circa 2006, which implies it is one of the last batches of the production. Boasting a lean profile and robust calibre, it is also fitted with a grey dial with small seconds and is complemented by Roman numerals. According to our research, only a handful of ref. 3919J-016 are known in the market. Fresh-to-the-market and offered in singlefactory-sealed condition along with its Certificate of Origin, the current Calatrava ref. 3919 is an exquisite gentlemen’s favourite that speaks highly with suavity and sophistication.

869.

PATEK PHILIPPE — A well-preserved, fine and attractive yellow gold wristwatch with small seconds, black dial, Certificate of Origin and presentation box

百達翡麗，「Calatrava」型號5000J，黃金自動小三針腕錶，備黑色錶盤，約1994年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 1994

Reference No. 5000J Movement No. 801’154 Case No.

2'954'676

Model Name Calatrava Material

18K yellow gold

Calibre Automatic, cal. 240 PS, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe deployant clasp Dimensions 33mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Gold & Jewellery Co., Ltd. dated 21 August 1994, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

Quiet yet confident, the Calatrava ref. 5000 is a classical yellow gold wristwatch that offers distinctive Patek Philippe detailing and balanced proportions. First debuted in 1992 as a 500-piece limited-edition in 18K white gold, the ref. 5000 was later released in both 18K yellow gold and pink gold. Eventually it was discontinued in 2004. The model’s immediate success was not only a tribute to its ideal size but also its sapphire case back that reveals the inner workings of the automatic movement, with emphasis on the cal. 240 featuring a micro-rotor. The present example offers a delicious black dial adorned with hand-applied bassine style Arabic numerals, an internal railway minute track and eccentric subsidiary seconds in yellow gold. The potent combination of these features is a harmonious marriage between the maker’s early pocket watch aesthetics and today’s effortless modern design. Do not be fooled by its slim, discrete profile. This three-handed dress watch is a small giant that holds a strong wrist presence while being a versatile timepiece that can fit into any dress cuff or tight sleeve. Offered in well-preserved overall condition, this fresh-to-the-market Patek Philippe Calatrava 5000J is a timeless piece accompanied by its Certificate of Origin and full set of accessories.

870.

PATEK PHILIPPE — A “like-new”, unworn and rare white gold wristwatch with date, center seconds, black dial, Certificate of Origin and presentation box

百達翡麗，「Calatrava」型號3998G-011，白金自動腕錶，備中心秒針、日期顯示及黑色錶盤，約2004年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2004

Reference No. 3998G-011 Movement No. 3’254’962 Case No. 4’225’430 Model Name Calatrava Material

18K white gold

Calibre Automatic, cal. 315 SC, 30 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 34mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 140,000–240,000 USD 17,900–30,800 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Emperor Watch & Jewellery (HK) Co. Ltd. dated 12 December 2004, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

The ref. 3998 was launched in 1989 and remained a staple offering in the Patek Philippe collection until being discontinued in 2005. With a water resistant, screw-back 34 mm diameter case, and an attractive date dial layout with sweep seconds, this watch was a commercial success and remains highly desirable to this day. The watches were sold in a variety of styles, ranging from models with diamond or sapphire-set dials, black dials and even a limited edition model for the retailer Garrard, The Crown Jewellers. The present timepiece is a later example which features a calibre 315 SC. Offered in “like-new” overall condition along with its full set of accessories, the present example has been in this connoisseur’s collection for 21 years. Only a handful of examples are known so far, this is an opportunity for collectors who are looking for a discontinued and rare Calatrava.

CELEBRATING MECHANICAL INGENUITY

Complications on wristwatches, provide practical information beyond basic timekeeping. Astronomical displays can aid in navigation or stargazing, historically useful for explorers or astronomers. Perpetual calendars track dates, months, and leap years without manual adjustment, ideal for long-term planning. Chronograph, and sometimes dual time zones assist professionals like pilots or travelers needing precise timing or global coordination. Mechanical complications can be traced back to as early as 18th-century pocket watches, like the Henry Graves Supercomplication, tying modern watches to a legacy of innovation. They truly embody a romantic connection to science and human ingenuity. For watch enthusiasts, complications offer a mesmerizing, interactive experience— watching a sky chart rotate or a moon phase shift feels like owning a miniature cosmos. The Patek Philippe Reference 5102 featured in this collection here is part of the Grand Complications Celestial collection, it is a highly intricate astronomical wristwatch introduced in 2002. It features a poetic representation of the night sky over Geneva, blending horology with celestial mechanics. Powered by the self-winding Caliber 240 LU CL movement, it displays time, moon phases, and a dynamic sky chart on the dial, this watch required Patek Philippe engineers to compute 25 trillion astronomical combinations for accuracy, earning a Swiss patent for its innovative celestial mechanism. Other watchmakers such as A. Lange & Söhne, took a slightly different route when inventing new groundbreaking complications. Introduced in 2009, the Zeitwerk uses a patented jumping numerals mechanism to show time in a crisp, digital-like format— hours and minutes displayed side by side on two apertures— while remaining fully mechanical. This “mechanical digital” approach draws inspiration from a historic five-minute clock in Dresden’s Semper Opera House, designed in the 19th century with input from the brand’s founder, Ferdinand Adolph Lange. The Zeitwerk collection has since further evolved to include complications like striking mechanisms, date displays, and minute repeaters, but the core time-telling innovation remains consistent across models.

Complication watches appeal to collectors who appreciate haute horlogerie’s artistry alongside bold, unconventional engineering. Mechanical innovation in watches, like the escapement mechanism (e.g., lever escapement) and balance wheel in the 17th century enabled accurate timekeeping, transforming watches from novelties into practical tools. As early mechanical watches were often bulky pocket watches. Innovations in geartrain design and materials allowed for smaller, wearable wristwatches by the early 20th century, making timekeeping personal and accessible, all while complications like chronographs and perpetual calendars, expanding watches’ utility beyond basic timekeeping. Other Innovations like self-winding mechanisms on automatic watches, and shock-resistant systems made wristwatches more robust and convenient, reducing reliance on manual winding or delicate handling. Since the 1990s, watchmakers like F.P. Journe have further pushed the envelope with movements boasting well over one-hundred hours, enabling the watch to go without winding for a whole work week, from Monday to Friday. Despite quartz and smartwatches dominating for practicality, mechanical watches endure for their engineering elegance and tradition. Mechanical complications blend utility, artistry, and prestige, transforming a watch into a functional masterpiece. They’re obviously not as much about necessity in today’s digital world, but celebrating mechanical ingenuity – has become even more pertinent today.

871.

FRANCK MULLER — An impressive, fine and rare white gold perpetual calendar split seconds chronograph tourbillon wristwatch with German calendar, moon phases, leap year, 24-hour indication, equation of time, retrograde month and presentation box

法穆蘭，型號1790 QPTR，非常罕有、精細，白金萬年曆追針計時陀飛輪腕錶，備德文錶盤、月相、閏年、 24 小時顯示、時間等式、逆跳月份，約1990年代製。附錶盒 Manufacturer

Franck Muller

Year

Circa 1990s

Reference No. 1790 QPTR Case No. 02 Material

18K white gold

Calibre Manual, cal. 14, jewelled Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Franck Muller pin buckle Dimensions 39mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by Franck Muller fitted presentation box and outer packaging.

Since the 1990s, Franck Muller has established a reputation for crafting exceptional timepieces, renowned for their integration of multiple complications within a single case, all executed with remarkable precision and reliability. The current offering is no exception, featuring an extraordinary movement housed in Franck Muller’s earlier round cases. The sleek white gold provides the necessary heft for this mechanical masterpiece. In addition to functioning as a split-seconds chronograph and a German perpetual calendar, the watch includes a retrograde hand to indicate the month, as well as the equation of time. This example is in excellent condition and has spent most of its time stored in a safe. It presents a rare opportunity for connoisseurs worldwide to acquire a piece of mechanical excellence from the master of complications. Numbered 2, this is the first time this reference in 18K white gold has appeared in the auction market, representing one of the finest selections from the early days of Franck Muller.

FRANCK MULLER

Ref. 1790, No.02

872.

PATEK PHILIPPE — A “new-old-stock”, incredibly fine and rare white gold astronomical wristwatch with sky chart, phases and orbit of the moon and time of Meridian Passage of Sirius and of the Moon, Certificate of Origin and presentation box

百達翡麗，「Celestial」型號 5102G-001，精細優雅，白金自動天文腕錶，星空蒼穹圖、月相盈虧、月行軌跡、天狼星中天時間錶盤，約2004年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2004

Reference No. 5102G-001 Movement No. 3’328’145 Case No. 4’274’248 Model Name Celestial Material

18K white gold

Calibre Automatic, cal. 240 LU CL, 45 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 43mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 800,000–1,600,000 USD 103,000–205,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Ahmed Seddiqi & Sons, U.A.E. dated 25th December 2004, photograph, instruction manual, product literature, leather portfolio, adapters, winding presentation box and outer packaging.

The Patek Philippe Celestial is a captivating blend of technical excellence, exceptional craftsmanship, and poetic beauty. Introduced in 2002, the reference 5102 was initially produced exclusively in white gold, with an estimated 500 pieces made before yellow gold examples were launched in 2007, followed by pink gold and platinum variants in 2009. The reference 5102 was ultimately discontinued in 2012, paving the way for its successor, the reference 6102. The dial features a Northern Hemisphere sky chart, elegantly rotating to illustrate the apparent angular motion of the stars and moon, alongside the progression of the moon phases. Three sapphire crystal discs are seamlessly layered to simulate the dynamic orbit of the moon and the passage of stars, creating a remarkable sense of depth. Hours and minutes are indicated by two skeletonized whitelacquered gold feuille hands, complemented by a subtle blue outer chapter ring with Roman numerals. The delicate elliptical contour on the inside of the glass frames the portion of the sky visible from all cities at the latitude of Geneva. Preserved in new-old-stock condition and accompanied by all original accessories, this timepiece is arguably one of the most intriguing modern Patek Philippe wristwatches ever made, sure to enchant collectors of spectacular masterpieces.

PATEK PHILIPPE

Ref. 5102G-001, Celestial

873.

GIRARD PERREGAUX — A unique, unworn, extremely fine and important pink gold carillon Westminster minute repeating perpetual calendar tourbillon wristwatch with grey sunburst dial, leap year indication, certificate and presentation box

芝柏，「Opera Two」型號 99740，獨一無二，極為精細，玫瑰金陀飛輪萬年曆腕錶，備四鎚三問、西敏寺鐘樂、灰色錶盤及閏年顯示，約2004年製。附原裝證書、錶盒 Manufacturer

Girard Perregaux

Year

Circa 2004

Reference No. 99740 Case No. Unique Set Model Name Opera Two Material

18K pink gold

Calibre Manual, cal. 9897, 37 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Girard-Perregaux deployant clasp Dimensions 41mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 400,000–800,000 USD 51,300–103,000 Accessories Accompanied by Girard-Perregaux certificate dated 22nd December 2004, instruction manual book, product literature book, key, fitted wooden presentation box and outer packaging.

The present Opera Two in pink gold is produced in an exceedingly small number, each timepiece was meticulously assembled and decorated by hand, requiring approximately 500 hours to complete. Most repeaters strike the time with two hammers on two gongs, but the Westminster chime is exceptional, utilizing multiple gongs and hammers to replicate the peal of bells from the Houses of Parliament in London. The movement of the Opera Two is among the very few to feature a four-gong Westminster carillon, with each of the four hammers marked according to piano keys: Sol-Do-Ré and M (G-C-D-E). Through the open aperture on the left of the dial, three of the four gongs can be seen striking when the minute repeater is activated, producing the delightful “Big Ben” melody. What makes this watch even more special is its unique dial design. Unlike the simpler dials seen in the market, the present grey dial features a visually striking sunburst pattern that radiates outward from the tourbillon cage, amplifying the mesmerizing movement of the tourbillon. Preserved in like-new, unworn condition, this unique Opera Two comes as a full set with its wooden presentation box, certificate and books. It is a spectacular piece of haute horlogerie that discerning connoisseurs should not miss.

GIRARD PERREGAUX

Unique Opera Two

874.

F.P. JOURNE — An elegant and attractive platinum wristwatch with guilloché dial, small seconds and power reserve indication

F.P. Journe，「Chronomètre Souverain」型號，精細罕有，鉑金腕錶，備璣鏤錶盤、小秒針、動力儲存顯示，約2005年製。 Manufacturer

F.P. Journe

Year

Circa 2005

Case No. 073-CS Model Name Chronomètre Souverain Material

Platinum

The Chronomètre Souverain by François-Paul Journe masterfully returns watchmaking to its essential roots, focusing on chronometric precision with a design that is both simple and elegant. This timepiece features only hour and minute hands, small seconds, and a power reserve indicator, the latter positioned at the technically challenging 3 o’clock position near the winding stem, showcasing the harmonious balance of every component. The present platinum example belongs to the early generation of the model, notable for its smaller hobnail guilloché motif at the center of the silvered dial. Elegant blued steel hands provide crystal clear legibility, while the unusual power reserve indicator at 3 o’clock—graduated from 0 to 56 and inspired by marine chronometers—moves in reverse, advancing toward zero as the mainspring reaches full wind. Powered by the superb cal. 1304 with its warm pink gold movement architecture, the watch offers a 56 hour reserve within an ultra slim case measuring just 8 mm in thickness, ensuring both comfort and refinement on the wrist. In the collection of the present owner for 18 years, this timeless Chronomètre Souverain epitomizes the aesthetic purity and intellectual depth that define F.P. Journe’s oeuvre.

875.

A. LANGE & SÖHNE — A well-preserved, elegant and rare pink gold wristwatch with small seconds, digital time display, power reserve indication, guarantee and presentation box

朗格，「Zeitwerk」型號140.032，精細罕有，玫瑰金腕錶，備數字讀時、小秒針、動力儲存顯示，約2014 年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 2014

Reference No. 140.032 Movement No. 84’944 Case No. 194’907 Model Name

Zeitwerk

Material

18K pink gold

Calibre Manual, cal. L043.1, 68 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold A. Lange & Söhne pin buckle Dimensions 42mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 250,000–450,000 USD 32,100–57,700 Accessories Accompanied by A. Lange & Söhne guarantee stamped Suarez Joyeros S.A., Barcelona, instruction manual, product literature, cloth, leather folio, fitted presentation box and outer packaging.

Initially launched in 2009 in pink gold, yellow gold, white gold and platinum – the latter as a limited edition – the Zeitwerk has become as emblematic of Lange as the Lange 1 or the Datograph. The introduction of the digital jumping hours and minutes display builds upon a 19th century patent by Josef Pallweber, though his concept displayed hours and minutes vertically rather than horizontally. Despite its apparent simplicity, the Zeitwerk’s time display mechanism is remarkably complex, requiring tremendous creativity to develop. The bold “time bridge” framing the hour and minute apertures is crafted from solid German silver. The dial is a masterclass in balance, with the semicircular power reserve display at 12 o’clock counterpoised by the subsidiary seconds dial at 6 o’clock. Of note, the left side of the time bridge is secured by a screw, whilst the right side rotates on a jewel bearing, as the bridge is integrated into the movement. The stunning cal. L043.1 features a constant force escapement, lavishly finished with free-sprung Glashütte ribbing, mirror-polishing and delicate anglage. This well-preserved example, offered along with its guarantee and accessories, in 18K pink gold presents an opportunity to acquire a landmark A. Lange & Söhne reference that shaped their modern collection.

876.

PATEK PHILIPPE — A “new-old-stock” and unworn yellow gold wristwatch with small seconds, white porcelain dial, ages of the moon, moon phases, power reserve indication, beaded bezel, Certificate of Origin, setting pin and presentation box

百達翡麗，型號5015J，精細，黃金自動腕錶，備白瓷錶盤、珠鏈錶圈、月相、動力儲存顯示，約1995年製。附原裝證書、錶盒、調整筆 Manufacturer

Patek Philippe

Year

Circa 1995

Reference No. 5015J Movement No. 3’050’047 Case No. 2’975’677 Material

18K yellow gold

Calibre Automatic, cal. 240 PS+IRM+L, 29 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 35mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Gold & Jewellery Co. LTD Hong Kong dated 5th November 1995, leather folio, setting pin, instruction manual, product literature, fitted presentation box and outer packaging.

Asymmetrical in dial design combined with an unusual officestyled case, the reference 5015 was introduced by Patek Philippe in 1994 and was produced for 5 years until 1999. The reference 5015 is the only Patek Philippe from the time to feature an “age of the moon” indicator which displays the exact time of the full moon. This watch also features an officers style case back which houses the beautiful cal. 240. Elegantly decorated with a small beaded bezel, the present ref. 5015 in yellow gold has been in this private collection for 30 years. Preserved in an amazing “new-old-stock” condition notable by its blue factory zappon on the caseback, the watch has also gained an attractive warm yellow patina evenly throughout.

877.

GLASHÜTTE ORIGINAL — An unworn, rare and well-preserved pink gold regulator wristwatch with two-tone silvered dial, certificate and presentation box

格拉蘇蒂，「1845 Regulator」，精細罕有，玫瑰金腕錶，備三針一線錶盤，約2000年代製。附原裝證書、錶盒 Manufacturer

Glashütte Original

Year

Circa 2000s

Movement No. 02’107 Case No. 0120 Model Name 1845 Regulator Material

18K pink gold

Calibre Manual, cal. GUB 49, 25 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Glashütte Original deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 30,000–50,000 USD 3,800–6,400 Accessories Accompanied by undated Glashütte Original certificate stamped Carlson Watch Hong Kong, DVD, presentation box and outer packaging.

Regulator dials originated in the late 18th century, featuring large, highly accurate regulator clocks used in observatories and watchmaking workshops for precision timekeeping and calibration. These clocks included separate sub-dials for the hours and seconds, with a central minute hand for improved legibility and accuracy. The design was later adapted into smaller, portable regulator watches, becoming popular in the early 20th century among professionals like scientists and railroad workers who required accurate time on the go. Founded in 1845, Glashütte Original is renowned for its functionality and is one of the most esteemed watchmakers in Saxony. Their meticulous attention to detail in both movements and dials has become synonymous with Glashütte design. This regulator-style watch is a stunning example, featuring the hours at 12 o’clock, minutes at the center and a small seconds aperture at 6 o’clock. The two-tone finish shimmers across the dial surface, creating visual depth that beautifully complements the fluted bezel. Well-preserved, the case shows some patina, indicating that the watch has been kept in a safe over the years. Accompanied by its certificate and presentation box, this timepiece is one of the most attractive regulator watches produced by Glashütte Original.

THE ART OF MEISSEN

Established in 1845, Glashütte is renowned for its functionality and is one of the most reputable watchmakers in Saxony. The present timepiece is an exceptionally rare creation by the manufacturer as it features a hand-painted porcelain dial of remarkable craftsmanship by Meissen, one of Europe’s most storied ateliers founded in Germany in 1708. Created entirely from porcelain, the dial preserves the noble characteristics of the material—its ivory whiteness, translucency, and lustrous glaze—while meeting the stringent demands of fine watchmaking. Each layer of ceramic pigment, made from refined metal oxides, is applied using fine “fairy hair” brushes, fired at 900 °C after every application to achieve exceptional depth of color and permanence. The mastery required is profound: becoming a porcelain painter demands four years of dedicated training, followed by a decade of specialization in the painting of landscapes and figures before one may achieve the refinement necessary to work on surfaces as minute as a watch dial. The result is not only a dial, but a miniature artwork that perpetuates centuries of German artistic tradition.

878.

GLASHÜTTE ORIGINAL — A striking, unworn and exquisite limited edition pink gold wristwatch with hand-painted Meissen porcelain, certificate and presentation box, numbered 25 of a limited edition of 50 pieces

格拉蘇蒂，「Horse & Wagon」型號49-08-06-11-06，極度精美罕有，玫瑰金腕錶，備手繪梅森陶瓷錶盤，限量發行50枚，編號25號，約2006年製。附原裝證書、錶盒、配件 Manufacturer

Glashütte Original

Year

Circa 2006

Reference No. 49-08-06-11-06 Movement No. 02’584 Case No. 25/50 Model Name Horse & Wagon Material

18K pink gold

Calibre Manual, cal. 49-08, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Glashütte Original deployant clasp Dimensions 38.5mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by Glashütte Original certificate stamped Carlson Watch Co. Ltd. Hong Kong, instruction manual, product literature, loupe, fitted presentation box and outer packaging.

Motifs such as the present “Horse & Wagon” chariot, the words “Glashütte Original”, and the blue crossed swords—Meissen’s famous hallmark—are hand‑painted by artists specialized in typographic detail. The “Horse & Wagon” dial further carries symbolic resonance, drawing inspiration from one of humanity’s most extraordinary archaeological discoveries: the Terracotta Army of the First Emperor of China, Qin Shi Huangdi. Each warrior bears individualized features and remarkable realism, a testament to artistic skill and technical innovation more than two millennia ago. The army remains one of the world’s great cultural treasures, symbolizing both the authority and vision of Qin Shi Huangdi, and embodying the timeless human desire to achieve permanence through art. The present example crafted in pink gold is preserved in unworn condition with its full set of accessories, numbered 25 of a limited edition of 50 pieces only. This treasured timepiece is a rarity to come across for the connoisseur collector who appreciates history and centuries-old craftmanship in watchmaking.

879.

GLASHÜTTE ORIGINAL — A “like-new”, highly rare and exquisite limited edition platinum wristwatch with hand-painted Meissen porcelain dial, certificate and presentation box, numbered 1 of a limited edition of 40 pieces

格拉蘇蒂，「Mingdragon Purple」型號49-08-07-1306，十分精美罕有，限量版鉑金腕錶，備手繪梅森陶瓷錶盤，限量發行40枚，編號1號，約2006年製。附原裝證書、錶盒、配件 Manufacturer

Glashütte Original

Year

Circa 2006

Reference No.

49-08-07-13-06

Movement No. 02’620 Case No. 1/40 Model Name Mingdragon Purple Material

Platinum

Calibre Manual, cal. 49-10, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Glashütte Original pin buckle Dimensions 38.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by Glashütte Original certificate stamped Carlson Watch Co. Ltd. Hong Kong, instruction manual, product literature, loupe, hang tag, fitted presentation box and outer packaging.

Painted entirely by hand on a skillfully crafted porcelain dial, the purple “Mingdragon”, alongside the inscription Glashütte Original and Meissen’s iconic blue crossed swords, exemplifies porcelain artistry at its height. The choice of the dragon carries profound cultural resonance. In Chinese mythology, the dragon is the sovereign of scaly creatures and the ultimate emblem of strength, vitality, and celestial power. Since the Han dynasty, it has symbolized imperial authority and the emperor, depicted as the yang force of nature: governing spring, rain, and sunrise, and embodying the capacity to transform—appearing and vanishing, expanding and contracting, soaring skyward then retreating into the earth. The present limited edition example depicting a purple Ming dynasty dragon with clouds, executed in platinum, is preserved in “like‑new” condition and accompanied by its full set of accessories. It is notably number 1 of only 40 pieces produced, underscoring its distinction and rarity. More than a timepiece, it is an exquisite synthesis of Saxon precision, German porcelain artistry, and the enduring symbolism of one of the world’s revered auspicious creatures.

880.

GLASHÜTTE ORIGINAL — A “like-new”, highly rare and exquisite limited edition pink gold wristwatch with hand-painted Meissen porcelain dial, certificate and presentation box, numbered 1 of a limited edition of 90 pieces

格拉蘇蒂，「Mingdragon Green」型號49-08-09-2106，十分精美罕有，限量版玫瑰金腕錶，備手繪梅森陶瓷錶盤，限量發行90枚，編號1號，約2006年製。附原裝證書、錶盒、配件 Manufacturer

Glashütte Original

Year

Circa 2006

Reference No. 49-08-09-21-06 Movement No. 02’653 Case No. 01/90 Model Name Mingdragon Green Material

18K pink gold

Calibre Manual, cal. 49-08, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Glashütte Original deployant clasp Dimensions

38.5mm diameter

Signed

Case, dial, movement and clasp signed

Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by undated Glashütte Original certificate stamped Carlson Watch, certificate of authenticity, hang tag, loupe, fitted presentation box and outer packaging.

The Mingdragon green is a limited edition of 90 pieces made of 18K pink gold. The present example features a finely crafted porcelain dial produced by Meissen Porcelain Manufactory, a renowned porcelain manufacturer in Germany. The present paper-thin dial, depicting a green dragon, is finely hand-painted by highly skilled craftsmen who have had at least 4 years of training and 10 years of experience. The Glashütte Original signature, Meissen’s crossed swords logo and numerals were also applied by hands of an expert in typography with the finest brushes. The Chinese dragon is the most symbolically rich mythical creature in Chinese cosmology. Since the Han dynasty, it has represented imperial power and appeared widely in art. As the “first of the four wondrous beasts,” it embodies “yang”: the masculine, generative force of nature. The blue-green dragon rules the east, spring, sunrise, and rain, while its counterpart, the white tiger, governs the west and wind. Known for its transformative abilities, the dragon can shift size and visibility, reflecting cosmic change. Closely linked to clouds, rain, rivers, and thunder, dragon symbolizes nature’s dynamic rhythms and the harmony between heaven and earth. The present example is offered in “like-new” condition along with its original certificate and accessories.

881.

GLASHÜTTE ORIGINAL — A “like-new”, highly rare and exquisite limited edition white gold wristwatch with hand-painted Meissen porcelain dial, certificate and presentation box, numbered 1 of a limited edition of 60 pieces

格拉蘇蒂，「Mingdragon Blue」型號49-08-08-0606，十分精美罕有，限量版白金腕錶，備手繪梅森陶瓷錶盤，限量發行60枚，編號1號，約2006年製。附原裝證書、錶盒、配件 Manufacturer

Glashütte Original

Year

Circa 2006

Reference No. 49-08-08-06-06 Movement No. 02’560 Case No. 01/60 Model Name Mingdragon Blue Material

18K white gold

Calibre Manual, cal. 49-08, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Glashütte Original pin buckle Dimensions 38.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by undated Glashütte Original certificate stamped Carlson Watch, limited edition certificate, hang tag, loupe, key, fitted presentation box and outer packaging.

The present Mingdragon features a hand-painted Meissen porcelain dial showcasing a striking blue dragon. This exquisite craftsmanship highlights the classic colors of Chinese porcelain, with varying shades of blue adorning the dragon’s body. Often associated with fire, the dragon is surrounded by five pieces of fire, enhancing its mythical significance in Chinese culture. The brand’s signature is further coated in gold, creating a shimmering effect on the dial. In like-new overall condition, this watch has never been worn since its purchase and has been carefully stored as an art piece in a safe. Accompanied by all its accessories, this numbered 1 timepiece is sure to be a collectible treasure within any Glashütte Original collection.

882.

GLASHÜTTE ORIGINAL — A well-preserved and rare limited edition stainless steel wristwatch with hand-painted Meissen porcelain dial with blue lion and flower motifs, numbered 27 of a limited edition of 50 pieces

格拉蘇蒂，「1845 Meissen “Last Edition”」，精細罕有，限量版精鋼腕錶，備藍色獅子及花卉圖案手繪梅森陶瓷錶盤，限量發行50枚，編號27號，約2003年製。附原裝證書、錶盒 Manufacturer

Glashütte Original

Year

Circa 2003

Movement No. 077 Case No. 27/50 Model Name 1845 Meissen “Last Edition” Material

Stainless steel

Calibre

Manual, cal. 49-10, 18 jewels

Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Glashütte Original pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by undated Glashütte Original guarantee stamped Glashütte Original and Elegant J & W Co. Ltd, signed Glashütte Original certificate of authenticity, CD, fitted presentation box and outer packaging.

The 1845 Meissen “Last Edition” is a limited edition model which 50 pieces were made of stainless steel and another 50 pieces of 18K pink gold. The present stainless steel example features a finely crafted porcelain dial produced by Meissen Porcelain Manufactory, a renowned porcelain manufacturer in Germany. The present dial, depicting a blue lion crouching next to a flower, is finely handpainted by highly skilled craftsman. The Glashütte Original signature, Meissen’s crossed swords logo and numerals were also applied by hands of an expert in typography with the finest brushes. The traditional Meissen lion is a figure originating from Eastern Indian painting. Two layers of ceramic colours were painted to achieve the necessary depth of colour. This lion design has a long tradition in Meissen’s, which this motif was already being painted on its Japanese models in 1720s. Produced in a limited edition of 50 pieces only, this present example is manufactured with keen attention to detail and to the strictest quality standards.

THE EVOLUTION OF CASE DESIGNS

Watches with non-round cases—such as rectangular, square, tonneau, cushion, or irregular forms— deliberately deviate from the traditional circular design popularized by early pocket watches and modern round wristwatches. These shapes emerged in the early 20th century as watchmakers experimented with aesthetics, functionality, and innovation. Non-round cases allow designers to create distinctive, bold looks that stand out. For example, Cartier’s Tank was inspired by the angular lines of World War I tanks, giving it a sleek, Art Deco elegance that’s more architectural than the soft curves of a circle. This shape flatters the wrist by following its natural contours rather than encircling it symmetrically. Square cases, such as the Jaeger-LeCoultre Reverso, evoke a sporty or modern vibe. Tonneau shapes, like those in Franck Muller’s Crazy Hours, add a curvaceous, feminine touch that’s less bulky than rounds. Ergonomically speaking, rectangular or tonneau cases hug the wrist’s flat top and tapered sides more naturally, reducing the “floating” feel of oversized round dials. All while maximizing dial space in a smaller footprint. A 40mm rectangular case might offer as much readable area as a 45mm round one, ideal for slimmer wrists or formal attire. The angled lugs in square or cushion cases create smoother transitions to bracelets, often giving the design a more integrated look. Post-War designs, such as shapes like the tonneau, reflected optimism and fluidity in design , and distinctively, round for classical balance, non-round for modernism and rebellion against norms. Non-round cases aren’t just stylistic quirks; they enhance comfort, optimize space, and inject personality into horology.

883.

PATEK PHILIPPE — An exquisite, highly rare and attractive elliptical shaped white gold wristwatch with onyx dial

百達翡麗，「Ellipse」型號3589，十分精美罕有，白金自動腕錶，備縞瑪瑙錶盤，約1972年製。 Manufacturer

Patek Philippe

Year

Circa 1972

Reference No. 3589 Movement No. 1’287’528 Case No. 528’017 Model Name Ellipse Material

18K white gold

Calibre Automatic, cal. 28-255, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel pin buckle Dimensions 33mm width x 35mm length Signed Case, dial and movement signed Estimate HKD 100,000–200,000 USD 12,800–25,600

Introduced in 1968, the Ellipse was Patek Philippe’s ode to the golden ratio, embodying the fluid elegance and expressive tastes of the late 1960s. Two years later, in 1970, the maison unveiled the ref. 3589 “Grand Ellipse”, the very first Patek Philippe to house the celebrated cal. 28‑255. At the time it was the world’s thinnest full‑rotor automatic movement, measuring only 2.45mm in height. This genius of engineering would go on to power three of the most iconic luxury sports watches of the 1970s: the Nautilus, the Royal Oak, and the 222. The present ref. 3589 features an uber rare onyx dial. Surrounding the dial, a polished white gold inner frame rises gently to a wide, flat brushed bezel, a sophisticated interplay of finishes. Characteristic of the Ellipse’s design purity, the watch dispenses with conventional lugs. Instead, the strap is affixed via discreet posts at the back of the case, ensuring a seamless, modern silhouette on the wrist—an achievement in design as bold today as at its debut. Kept in the collection of the present owner for over 20 years, only approximately 12 examples are known in white gold with an onyx dial for this reference, making this watch an exceptionally rare find.

884.

ROBERGÉ — A unique, very fine and unusual white gold minute-repeating wristwatch with small seconds, engraved dial, warranty and presentation box

Robergé，「Repetition Minutes」型號，獨一無二，白金三問腕錶，備小秒針、雕刻錶盤，約2000年代製。附原裝證書、錶盒 Manufacturer

Robergé

Year

Circa 2000s

Movement No. 005 Case No. 10’311’721, No. 008 Model Name Repetition Minutes Material

18K white gold

Calibre Manual, cal. MMR 2173, 30 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Robergé pin buckle Dimensions 35mm width x 40.5mm length Signed Case, dial, movement and buckle signed Estimate HKD 120,000–220,000 USD 15,400–28,200 Accessories Accompanied by Robergé warranty stamped Prince Jewellery and Watch Co. Hong Kong, dated 6 Jan 2023, fitted presentation box and outer packaging.

Robergé represents more than a century of watchmaking heritage from the Mouawad family, embodying the vision of founder Robert Mouawad, whose passion for both gemstones and fine horology remains at the core of the brand. From its inception, Robergé has earned an international reputation for creations that unite bold design with exceptional technical mastery. Every Robergé timepiece is hand‑manufactured in Switzerland, drawing upon deep Swiss savoir‑faire and proudly bearing the “Manufacturé en Suisse” designation as a seal of authenticity and controlled origin. The maison’s creations are marked by distinctive signatures, including the fluted crown and the stylised “R”, instantly recognisable as hallmarks of the brand. The present Répetition Minutes, a piece unique, showcases Robergé’s craftsmanship at its very finest. Its sculptural and unusual shaped white gold case is exquisitely finished, framing an engraved salmon dial depicting a flamingo in its natural habitat of remarkable refinement. Featuring an engraved sun motif small seconds on the side, this timepiece is a highly distinctive minute repeater that will surely impress the seasonal collector who apprecaites unique designs. A singular watch in every respect, this unique Robergé Répetition Minutes will particularly appeal to the connoisseur collector in search of a timepiece that is at once rare, distinctive, and truly extraordinary.

ROBERGÉ

Repetition Minutes

885.

PATEK PHILIPPE — A well-preserved, fine and attractive platinum tonneau-shaped wristwatch with guilloché dial, Certificate of Origin and presentation box

百達翡麗，「Chronometro Gondolo」型號5098P001，精細，鉑金酒桶形腕錶，備璣鏤錶盤，約2008 年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2008

Reference No. 5098P-001 Movement No. 3’708’444 Case No. 4’450’781 Model Name Chronometro Gondolo Material

Platinum

Calibre Manual, cal. 25-21 REC AIG.2, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 32mm width x 42mm length Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd., Hong Kong dated 5 May 2008, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

The Patek Philippe Gondolo collection pays homage to the brand’s rich heritage of craftsmanship dating back centuries. Drawing inspiration from the ornate “Chronometro Gondolo” pocket watches produced from 1872 to 1927 for the esteemed Brazilian retailer Gondolo & Labouriau, these elegant wristwatches are highly coveted by collectors for their elongated, tonneau-shaped cases. The first Gondolo wristwatches debuted in the 1920s, culminating in the release of the exquisite ref. 5098 in 2007. Channelling the refined elegance of its historical predecessors, the ref. 5098 features a cambered dial with fine hand-guilloché patterns, oversized Arabic numerals, and a “Chronometro Gondolo” signature at 6 o’clock. The present fresh-to-the-market platinum example from circa 2008 is presented in well-preserved condition. Accompanied by its full set of accessories, it encapsulates Patek Philippe’s enduring mastery of watchmaking and cultured design.

886.

FRANCK MULLER — A well-preserved and attractive platinum crazy hours wristwatch with guilloché salmon dial, certificate and presentation box

法穆蘭，「Crazy Hours」型號7851 CH，精細罕有，鉑金酒桶形自動腕錶，備「Crazy Hours」、「salmon」璣鏤錶盤，約2000年代製。附原裝證書、錶盒 Manufacturer

Franck Muller

Year

Circa 2000s

Reference No. 7851 CH Case No. 18 Model Name Crazy Hours Material

Platinum

Calibre Automatic, cal. 2800V, jewelled Bracelet/Strap Crocodile Clasp/Buckle Platinum Franck Muller pin buckle Dimensions 48mm length × 35mm width Signed Case, dial, movement and buckle signed Estimate HKD 70,000–140,000 USD 9,000–17,900 Accessories Accompanied by undated Franck Muller certificate stamped Carlson Watch, Hong Kong, fitted presentation winding box and outer packaging.

As one of the first independent watchmakers to make a significant impact in the high-end watchmaking industry, Franck Muller remains one of the most iconoclastic figures to this day. Over the past three decades, he has crafted some of the most intriguing complicated timepieces. His reinterpretation of explosive numerals on the dial, combined with the large, tonneau-shaped, highly iconic case design, represented disruptive choices in the realm of complicated watches. The movements themselves are a testament to his eccentric genius, featuring classical complications like the tourbillon and minute repeater, alongside more playful yet equally complex designs such as the Vegas (a functioning roulette) and the present “Crazy Hours”. The name of the collection was inspired by a fascinating story told by Muller and his vacation at the Royal Palm in Mauritius. “I thought to myself, I hate rules. But, in many ways, time itself is a rule. It is imposed on man. I want to create a watch that has no rules, but that always finds the right time regardless. And I will call this watch ‘Crazy Hours’.”— Franck Muller The current example is housed in noble platinum and features a stunning salmon dial with elegant guilloché and hidden numerals. The case is numbered 18 and has been wellpreserved, while the movement is powered by the caliber 2800V, which includes a heavy platinum rotor. Accompanied by its fitted winding box and certificate, this is a rare opportunity to acquire an attractive piece from Franck Muller.

887.

JAEGER-LECOULTRE — A well-preserved and highly attractive pink gold rectangular-shaped reversible dual-time wristwatch with small seconds, date, 8-day power reserve, GMT time zone, 24 hours, day/night indication, guarantee and presentation box

積家，「Reverso Grand GMT」型號240.2.18, Q3022420，十分精細，玫瑰金翻轉式兩地時區腕錶，備小秒針、日期、8日動力儲存、GMT時區、 24小時、日夜顯示，約2007年製。附原裝證書、錶盒 Manufacturer

Jaeger-LeCoultre

Year

Circa 2007

Reference No. 240.2.18, Q3022420 Case No. 2’218’639 Model Name Reverso Grande GMT Material

18K pink gold

Calibre Manual, cal. 878, 35 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Jaeger-LeCoultre deployant clasp Dimensions 29mm width x 46.5mm length Signed Case, dial, movement and clasp signed Estimate HKD 60,000–100,000 USD 7,700–12,800 Accessories Accompanied by undated Jaeger-LeCoultre guarantee stamped Carlson Watch Co. Ltd. Hong Kong, instruction manual, fitted presentation box and outer packaging.

The present Reverso Grande GMT in pink gold exemplifies Jaeger‑LeCoultre’s spirit of innovation. Its duoface design conceals two fully independent dials within a single case, offering the wearer both versatility and refined complication. The silvered primary dial features an elegant layout with moon‑phases beneath 1 o’clock, a small seconds register, and a bold date aperture. Reversing the case reveals a dramatic black dial, where the watch’s technical prowess is on display: an 8‑day power‑reserve indication at 1 o’clock balanced by two reciprocal sub‑counters for a second‑time‑zone (GMT function) and a 24‑hour day/night display. Ingeniously combining two timepieces in one, the model epitomises the Reverso’s unique ability to harmonise utility, artistry, and elegance—allowing the owner to transition seamlessly between moods or occasions. Offered in hardly worn condition and complete with its full set of accessories, this Reverso Grande GMT represents an exceptional opportunity for collectors in search of a distinctive and versatile complication from one of Switzerland’s most storied manufactures.

888.

A. LANGE & SÖHNE — A highly attractive and elegant white gold rectangular-shaped wristwatch with oversized-date, small seconds, guarantee and presentation box

朗格，「Cabaret」型號107.027，十分精細優雅，白金長方形小三針腕錶，備日期顯示，約1998年製。附原裝證書、錶盒、調整筆 Manufacturer

A. Lange & Söhne

Year

Circa 1998

Reference No. 107.027 Movement No. 5’610 Case No. 118’103 Model Name Cabaret Material

18K white gold

Calibre Manual, L.931.3, 30 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold A. Lange & Söhne pin buckle Dimensions 25mm width x 43mm length Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by A. Lange & Söhne guarantee stamped Sincere Watch Limited Hong Kong, setting pin, fitted presentation box and outer packaging.

Fresh, assertive, and imaginative, the A. Lange & Söhne Cabaret embodies the Saxon manufacture’s spirit of experimentation and uncompromising horological excellence. Only three years after the brand’s celebrated rebirth in 1994, Lange challenged convention with the Cabaret, replacing its familiar round cases with a striking rectangular design. Distinguished by its outsized date display—a hallmark inspired by the Semper Opera House clock in Dresden—the model marked a bold departure from traditional Lange aesthetics. Launched at Baselworld 1997, the collection began with the pink‑gold ref. 107.031 featuring a two‑tone black and silver dial. A year later, in 1998, the present ref. 107.027 was introduced in white gold, showcasing an elegant navy-blue dial. Its austere geometry softened by Roman numerals and diamond‑shaped indexes—echoes from the Lange 1 and early Saxonia—it possesses a timeless style reminiscent of traditional elegance, with a technical finesse resolutely modern. At its heart beats the cal. L931.3, operating at 3 Hz with a power reserve of 42 hours, housed within a case whose refinement makes it an ideal companion for formal occasions. Offered in barely worn condition, this example of the Cabaret captures both the artistry and daring innovation that define A. Lange & Söhne. An exceptional dress watch for the sophisticated connoisseur of fine German watchmaking.

THE ELEGANCE OF POCKET WATCHES

When pocket watches came out in the 16th century, and for the following 400 years, they had been ever evolving. In the early years of the history of pocket watches, they were a symbol of status for the people from the upper-class society and were not easily accessible to the general public. For the nobilities and the riches, possessing in a timepiece to be carried in daily wear was a way to show their place in the society. Instead of a timekeeping tool, accuracy was not the major concern, they could be seen as ornamental jewellery pieces, and in their earliest form they might not even be regarded as pocket watches as they were primarily worn on the neck. They eventually took forms closer to what we know today, being carried on a shorter chain or stored in pockets, and the shape of the timepieces became more likely to what we see now, in round or oval shapes rather than the bulky drum-like casings. Entering the 17th and 18th century, still being an adored possession of the wealthy, pocket watches had expanded further into the luxury category. The sizable and smooth dimensions of pocket watches provided a large workable platform for artisans to express their craftsmanship in decorative arts and watchmakers to display their workmanship in horological technicalities. Not only were the pocket watches made of precious metals, the cover, or multiple covers, and sometimes even the bridges of the movement would be engraved with fine patterns showcasing the artistry. Pocket watches with enamel were also gaining popularity for the shiny and vibrant colours on top of the metallic cases. Some of the enamels even had hand painted drawings of a captivating figure and scenery, or perhaps, it could be a sort of narrative art in the form of storytelling through the painting of a scene. Different kinds of gemstones were set on pocket watches to elaborate how they were the prized possessions of the proud owners, showcasing their ability to acquire such opulent collection. The evolution of pocket watches could show the miraculous engineering wonders in mechanics and horology. There was a great improvement in the accuracy of the pocket watches, so that they were not merely a decorative piece but a more accurate time telling device. From the more basic cylinder escapement system to the more modern like lever escapement system, or the overcoil balance spring, in a century of time there were numerous advances in watch movements that contributed to the precision in timepieces, not to be overlooked the even more complex inventions and complications such as the Tourbillon by Abraham-Louis Breguet. The 19th century marked a new page in watch manufacturing history, since the standardization and larger scale of production in watch parts, the cost decreased significantly thus pocket watches were more approachable by the general household, not just exclusive to the upper class.

Pocket watches had been art pieces that could be appreciated by many, and in the late 19th century there were ones with impressive complexity and complications. However, from the early 20th century, perhaps around the times of the Great War, pocket watches were gradually replaced by wristwatches mainly because of the lack of practicality and convenience except for chronometre models that were relevant for time sensitive industries like railroading. By the mid-20th century, pocket watches had almost faded away from the market, yet there were still occasional resurgence of said timepieces, might it be the reminder for the people of the predecessors of modern watches and complications, and a mnemonic of artisanal craftsmanship and mastery. In this curated section of Pocket Watches for Hong Kong Watches XXI, a few pockets watches are selected to present the revival of the adored craftsmanship. The Gondolo 24 hours pocket watch by Patek Philippe showcases the remarkable watchmaking expertise by the Swiss manufacturer in the early 20th century. Following, the Audemars Piguet Star Wheel is a reinterpretation of the 17th century wandering hour complication, a demonstration of impeccable craftwork from the past reintroduced in a modern pocket watch. The openface Patek Philippe pocket watch Ref. 972 is from recent years, still it shows that the Swiss watchmaking stronghold has not forgotten the admiration of pocket watches, it is a simple yet outstanding piece carrying Patek Philippe’s legacy in watchmaking. In addition, the three Cartier Mysterieux 150th Anniversary pocket watches illustrate how the renowned jewellery Maison could see pocket watches with a modern take and shift them into an exquisite ornament of artistry and horology excellency. The Piaget double coin pocket watch in yellow gold is a playful take on pocket watches, showing that a pocket watch can be finely made and exuberant in form. This segment of pocket watches would surely be a new perspective in appreciating the overlooked genre of the watchmaking world.

889.

AUDEMARS PIGUET — An incredibly rare and well-preserved yellow gold pocket watch with rotating discs display, guilloché dial and presentation box

愛彼，「Star Wheel」型號25743BA.OO.0000XX. 01，十分罕有獨特，黃金懷錶，備轉盤式讀時設計、璣鏤飾紋錶盤，1995年製。附原裝錶盒、電子後補證書 Manufacturer

Audemars Piguet

Year

1995

Reference No. 25743BA.OO.0000XX.01 Movement No. 366’952 Case No. D48’823 Model Name Star Wheel Material

18K yellow gold

Calibre Manual, cal. 5020, 20 jewels Dimensions 48mm diameter Signed Case, dial and movement signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by Audemars Piguet fitted presentation box. Further delivered with Audemars Piguet digital Extract from the Archives confirming the register date of the present timepiece on 29 November 1995.

Unveiled in 1991, the Audemars Piguet Star Wheel revived a little‑known 17th‑century invention, transforming it into one of the most captivating complications of the neo‑vintage era. Three transparent sapphire disks, each printed with the hours, rotate on a central wheel, with the current hour acting as the hand to trace the minutes across the arc at 12 o’clock—a display that is as ingenious as it is poetic. The present example is especially rare as this display is seldomly seen on a pocket watch. This yellow gold example is finely executed - its guilloché lower dial provides texture and depth, contrasting elegantly with the crisp white minute track. Above, the sapphire disks glide almost invisibly, allowing time to appear as if floating across the dial. Offered in outstanding condition with its original fitted presentation box, this Star Wheel pocket watch fuses technical imagination with discreet refinement, embodying the maison’s gift for mechanical artistry. An emblem of Audemars Piguet’s most lyrical creations, it remains a timepiece of enduring charm and originality.

890.

PARMIGIANI FLEURIER — A unique minute repeating perpetual calendar keyless open face skeletonised yellow gold pocket watch with baguette-set bezels, moon phases, leap year indication, blue enamel case back, engraved movement and blue enamel gold-plated silver pocket watch stand

The Parmigiani Fleurier Meccanica II is a true masterpiece. This one-of-a-kind marvel, took Michel Parmigiani an entire year to create, embodies artistic and cultural dimensions within its unique perpetual calendar minute-repeating pocket watch. It immediately captures attention with sparkling baguette diamonds totalling 25.93 carats, framing its skeletonized dial. Crafted from crystal glass, the dial features matte areas marking the hours, setting off elegant javelin hands. Each component is individually formed by hand to achieve perfect harmony. As Parmigiani aptly states, “The MECCANICA II is like the school of life, aspiring to the highest perfection and at the same time the greatest rigor.” Geometry plays a pivotal role in the Meccanica II, where the pleasure of geometric design lies in its harmonious balance and symmetry. Shapes and patterns create a visual rhythm that captivates the eye and mind, evoking a sense of order and beauty. This artistry transforms each detail into a mesmerizing experience. Celebrated throughout the bridges and intricate parts of the LeCoultre ébauche movement, every detail is finely engraved and adorned. The artistic language flourishes in the flower ornamenting the pocket watch cover, showcasing perfect axial symmetry. A labyrinth of precise lines unfolds from the flower, reminiscent of the exquisite French garden design of Le Nôtre and traditional Chinese forms. The engraving creates a sense of depth within this garden labyrinth.

PARMIGIANI FLEURIER

Meccanica II

890.

PARMIGIANI FLEURIER — A unique minute repeating perpetual calendar keyless open face skeletonized yellow gold pocket watch with baguette-set bezels, moon phases, leap year indication, blue enamel case back, engraved movement and blue enamel gold-plated silver pocket watch stand

帕瑪強尼，「Meccanica II」，獨一無二、黃金三問萬年曆鏤空懷錶，備方鑽錶圈、月相、閏年顯示、藍色琺瑯圖案底蓋、雕刻機芯，約1998年製。附藍色琺瑯鍍金銀製懷錶底座 Manufacturer

Parmigiani Fleurier

Year

Circa 1998

Case No. 2129 Model Name Meccanica II Material

18K yellow gold

Calibre Manual, cal. 17’’’996, 32 jewels Dimensions 54mm diameter Signed

Case, dial and movement signed

Estimate HKD 450,000–900,000 USD 57,700–115,000 Accessories Accompanied by purchase invoice and Parmigiani Fleurier gold-plated and blue enamel pocket watch stand.

The translucent metal oxide enamel, reminiscent of the blue flowers of evergreens like periwinkle, has undergone numerous processes to achieve the stunning beauty on display. This enameling exemplifies the highest quality and stands as a rare testament to exceptional craftsmanship. A true masterpiece, the Parmigiani Fleurier Meccanica II has been lovingly stowed away in pristine condition for over two decades. This extraordinary timepiece is not something you encounter every day; it’s a rare gem waiting to be discovered by a passionate collector who appreciates its unparalleled beauty and craftsmanship. According to our research, this is the first time that a Meccanica is offered publicly.

PARMIGIANI FLEURIER

Meccanica II

891.

PATEK PHILIPPE — A rare and well-preserved yellow gold open face pocket watch with white porcelain dial, power reserve indication, Certificate of Origin and presentation box

百達翡麗，型號972/1J-001，精細罕有，黃金懷錶，備白色瓷面錶盤、小秒針、動力儲存顯示，約2005年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2005

Reference No. 972/1J-001 Movement No. 1’946’055 Case No. 4’000’457 Material

18K yellow gold

Calibre Manual, cal. 17’’ LEP. PS IRM, 20 jewels Dimensions 44mm diameter Signed Case, dial and movement signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Emperor Watch & Jewellery Co. Ltd. Hong Kong, dated 2 April 2005, instruction manual, fitted presentation box and outer packaging.

In today’s horological landscape, it is indisputable that wristwatches reign supreme, while pocket watches—once the ultimate symbols of prestige in the 19th century—have largely receded from prominence. Their perceived antiquity and lack of practicality have rendered them rarities in contemporary collections, with only a handful of manufacturers still investing in their creation. Among these, Patek Philippe, faithful to its storied heritage, continues to honor the art of pocket watchmaking, particularly within its celebrated Rare Handcrafts line. The present timepiece is a refined testament to that commitment. The ref. 972 balances utility with elegance, featuring a power reserve indicator and a beautiful white porcelain dial contrasted with black numerals, radiating timeless classical charm. Introduced in 1995, this reference has seldomly appeared at auction. Fresh-to-the-market and preserved in excellent condition, this elegant pocket watch is a worthy addition for the discerning collector who seeks to celebrate both tradition and refinement in equal measure.

892.

PATEK PHILIPPE — A highly rare and attractive pink gold openface keyless pocket watch with small seconds, 24-hour enamel dial, retailed by Gondolo & Labouriau

百達翡麗，「Chonometro Gondolo」，精細罕有，玫瑰金小三針懷錶，備24小時琺瑯錶盤，由Gondolo & Labouriau銷售，1908年製。附後補證書 Manufacturer

Patek Philippe

Year

1908

Movement No. 149’166 Case No. 254’587 Model Name Chronometro Gondolo Material

18K pink gold

Calibre Manual, cal. 20’’, lever escapement, stamped “PAT” Jan 13 1891 Dimensions 51mm diameter Signed Case, dial, cuvette and movement signed Estimate HKD 60,000–100,000 USD 7,700–12,800 Accessories Delivered with Patek Philippe Extract from the Archives confirming its date of manufacture in 1908 and its subsequent date of sale on 13th October 1908.

When it comes to watch clubs, the Brazilian “Gondolo Gang” or “Clubs Patek Philippe” is nothing short of legendary. Recognizable by their sombrero hats proudly emblazoned with “PATEK”, these gentlemen, who cherish exceptional timepieces alongside wine and cigars, began with a membership of 180. The Gondolo Gang is particularly noted for pioneering the concept of the “club watch”, epitomized by their Chronometro Gondolo pocket watch. Named after a prominent Patek Philippe retailer in Rio de Janeiro, this collection represents the legacy between Patek Philippe and Gondolo & Labouriau from 1872 to 1927. It introduced a novel selling concept to the Brazilian market, where exclusive pocket watches were offered through a lottery system. Retailers sold the Gondolo, valued at 740 Francs, to club members at a more accessible price. Members paid a weekly installment of 10 Francs over 74 weeks until the watch was fully paid. In a weekly drawing, the first member received their watch at no cost, while the next week’s winner needed to make only one payment. This continued until every member received a watch, often at a more favorable price. Cased in pink gold, the present example of the 20-lignes Chronometro Gondolo features a highly rare and wellpreserved enamel dial. Accented in red at 6, 12, 18, and 24, this pocket watch distinguishes itself from its counterparts. Research indicates that only 12 examples with this configuration are known. Having been kept in this private collection for 20 years since its last appearance on the market, this Chronometro Gondolo comes with an Extract from the Archives confirming its manufacture date in 1908.

893.

CARTIER — An incredibly rare and charming limited edition white gold mystery pocket watch with guilloché case, certificate and presentation box, numbered 150 of a limited edition of 150 pieces made for Cartier’s 150th anniversary

卡地亞，「Mysterieux, 150th Anniversaire Collection Privées de Cartier」，十分罕有，限量版白金秘時懷錶，備璣鏤扭紋錶殼，特為卡地亞150週年限量發行 150枚，編號150號，約1998年製。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 1998

Case No. 734’469, 150/150 Model Name Mysterieux, 150th Anniversaire Collection Privées de Cartier Material

18K white gold

Calibre Manual, jewelled Dimensions 50mm diameter Signed Case signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by Cartier certificate stamped Lee Garden Hong Kong dated 16th November 1998, key, fitted 150th anniversary wooden presentation box.

The year 1997 was an exciting year both for Cartier and collectors of the maison. A huge celebration for the brand’s 150th anniversary, a spectacular series of limited edition timepieces were launched across all collector’s favourite models. From Tank à Guichet, Pasha to Basculante, you name it, all creations for the celebration features a unique intertwined guilloché motif and features the L♡C 1847-1997 logo to commemorate the collection known as “I love Cartier”. And of course, the collection cannot be complete without the Mysterieux Modèle A by Maurice Coüet which stunned the world in 1912. Small yet mesmerizing, the 150th anniversary Mysterieux pocket watches were available in three metals: White, yellow and pink gold (all featured within this catalogue). Each produced in a limited edition of 150 pieces, the present white gold example numbered 150/150 is the last piece to be produced. An exceptional miniature mystery clock enrobed in a white gold guilloché case, the bow of the pocket watch is cleverly designed with a C-shaped logo. Complete with a rarely seen wooden L♡C anniversary crest presentation box and original certificate, the present Cartier mystery pocket watch captures an intriguing mechanism, with the hands appearing floating within the dial. This illusion is achieved thanks to two transparent discs and its concealed gear, propelling the passage of time.

894.

CARTIER — An incredibly rare and charming limited edition pink gold mystery pocket watch with guilloché case, certificate and presentation box, numbered 150 of a limited edition of 150 pieces made for Cartier’s 150th anniversary

卡地亞，「Mysterieux, 150th Anniversaire Collection Privées de Cartier」，十分罕有，限量版玫瑰金秘時懷錶，備璣鏤扭紋錶殼，特為卡地亞150週年限量發行150枚，編號150號，約1998年製。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 1998

Case No. 734’458 , 150/150 Model Name Mysterieux, 150th Anniversaire Collection Privées de Cartier Material

18K pink gold

Following the previous example in white gold, the present pink gold is also numbered 150 of 150 pieces, the last to be produced of its respective metal. Equally stunning and wellpreserved by its discerned collector, all three examples were bought from the boutique the same day, 16th of November in 1998. One could imagine the excitement upon the day of collecting not just one, but three of these 150th anniversary Mysterieux pocket watches together. Featuring the unique 150th anniversary intertwined guilloché motif and L♡C 1847-1997 anniversary crest to commemorate the collection known as “I love Cartier”, the bow of the pocket watch is cleverly designed with a C shaped logo. Complete with a rarely seen wooden L♡C logo presentation box and original certificate, the present Cartier mystery pocket watch captures an intriguing mechanism originated from 1912, with the hands appearing levitated within the dial. This illusion is achieved thanks to two transparent discs and its concealed gear, propelling the passage of time.

895.

CARTIER — An incredibly rare and charming limited edition yellow gold mystery pocket watch with guilloché case, certificate and presentation box, numbered 150 of a limited edition of 150 pieces made for Cartier’s 150th anniversary

卡地亞，「Mysterieux, 150th Anniversaire Collection Privées de Cartier」，十分罕有，限量版黃金秘時懷錶，備璣鏤扭紋錶殼，特為卡地亞150週年限量發行 150枚，編號150號，約1998年製。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 1998

Case No. 734’444, 150/150 Model Name Mysterieux, 150th Anniversaire Collection Privées de Cartier Material

18K yellow gold

Last but not least, the Mysterieux, 150th Anniversaire Collection Privées de Cartier cased in yellow gold from the private collection completes the trilogy. Like the previous two examples in white gold and pink gold, this is also numbered 150 of a limited edition of 150 pieces. It was a collection of exceptional objects produced in a limited edition series and featuring three symbolical numbers: 3, 150 and 1847. Respectively these numbers evoke the 3 legendary Cartier shops in Paris, London and New York, and the magic of a milestone of 150 years, as well as 1847 the maison’s founding year. These creations include the delicacy of a motif borrowed from the jewel maker’s heritage, and engraved with the L♡C anniversary crest which remains truly contemporary although first designed 150 years ago by Louis Cartier.

896.

PIAGET — A fine and unusual yellow gold twenty-dollar coin watch with ten-dollar coin pendant

伯爵，型號900，精細獨特，黃金金幣造形時計，備隱藏式錶盤及金幣鏈帶，約1980年代製。 Manufacturer

Piaget

Year

Circa 1980s

Reference No. 900 Material

18K yellow gold

Calibre Manual, cal. 9P, 18 jewels Dimensions 37.5mm diameter Signed Case, dial, movement and chain signed Estimate HKD 80,000–160,000 USD 10,300–20,500

The coin watch is crafted by slicing a coin in half, resulting in one half being thinner than the other. In some designs, the thinner portion serves as the dial, while the thicker part houses the watch movement. Alternatively, two coins may be used, with one serving as a container for a smaller watch inside. The present example from Piaget is a striking representation of a coin watch, preserved in excellent overall condition. A 1894 twenty-dollar gold coin serves as the case for the concealed watch, inside which lies an ultra-thin Piaget movement powered by their renowned caliber 9P. Notably, this watch comes with an additional gold ten-dollar coin from 1881, which serves as a matching pendant. This piece offers collectors a unique opportunity to own an intriguing timepiece that is sure to spark conversations at social gatherings.

THE PATEK PHILIPPE REF. 5500, ‘PAGODA’

The Patek Philippe references 5500 and 4900 are part of an important limited series of wristwatch models produced before the turn of the millennium. Known as the “Pagoda” collection, these timepieces pay homage to the distinctive case shapes from Patek Philippe’s vintage era. The collection features a unique flared rectangular case with a tiered tower-like caseband. Released in 1997 to commemorate the opening of Patek Philippe’s Plan-les-Ouates facility, this special edition includes four men’s models (ref. 5500) and three ladies’ models (ref. 4900). The reference 5500 was produced in limited quantities, with only 1,100 pieces made in yellow gold, 500 in pink gold, 250 in white gold and 150 in platinum. The ladies’ model is even rarer, with 500 pieces in yellow gold, 150 in pink gold, and 100 in white gold.

897.

PATEK PHILIPPE — A “like-new”, very fine and rare limited edition platinum rectangular-shaped wristwatch with small seconds, applied Roman numerals, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 150 pieces made to commemorate the opening of Patek Philippe’s watchmaking facility in Geneva in 1997

百達翡麗，「Pagoda」型號5500P，限量版鉑金小三針腕錶，特為慶祝百達翡麗日內瓦新廠房落成啟用限量發行150枚，約1997年製。附原裝證書、證明文件、天文台證書、配件、錶盒 Manufacturer

Patek Philippe

Year

Circa 1997

Reference No. 5500P Movement No. 1’859’425 Case No. 4’014’161 Model Name Pagoda Material

Platinum

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 40.5mm length x 26.5mm width Signed Case, dial, movement and buckle signed Estimate HKD 120,000–200,000 USD 15,400–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Genève dated 25th November 1997, Attestation dated 25th November 1997, COSC certificate, 1997 commemorative watches book, commemorative medal, instruction manual, product literature, leather folio, travel pouch, fitted presentation box and outer packaging.

The present example showcases the Patek Philippe Pagoda ref. 5500 in platinum, distinguished as the rarest material in the collection and featuring a striking black dial. The dial includes a refined railway minute track, while the elongated applied numerals complement the vertical Pagoda case beautifully. Exuding elegance, this timepiece is the perfect dress watch for a gentleman. This ref. 5500 was last seen at auction 16 years ago and has been kept in a safe since, preserving its excellent condition from when it was first sold. This reference represents a significant milestone in Patek Philippe’s history and will always hold a special place in the brand’s watchmaking legacy.

898.

PATEK PHILIPPE — A “like-new”, very fine and rare limited edition white gold rectangular-shaped wristwatch with small seconds, applied Roman numerals, “Salmon” dial, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 250 pieces made to commemorate the opening of Patek Philippe’s watchmaking facility in Geneva in 1997

百達翡麗，「Pagoda」型號5500G，限量版白金小三針腕錶，備「Salmon」錶盤，特為慶祝百達翡麗日內瓦新廠房落成啟用限量發行250枚，約1997年製。附原裝證書、證明文件、天文台證書、配件、錶盒 Manufacturer

Patek Philippe

Year

Circa 1997

Reference No. 5500G Movement No. 1’857’968 Case No. 4’014’732 Model Name Pagoda Material

18K white gold

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 40.5mm length x 26.5mm width Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Gübelin A.G. dated 10th December 1997, Attestation, COSC certificate, 1997 commemorative watches book, commemorative medal, instruction manual, product literature, leather folio, Geneva Seal tag, fitted presentation box and outer packaging.

The present example showcases the Patek Philippe Pagoda ref. 5500 in white gold where it holds the distinction of being the most sought after among all the materials and features the most striking salmon dial within the collection. Only 250 white gold examples made, the dial stands out nicely against the sleek, white gold vertical Pagoda case. Exuding elegance, this timepiece serves as the ideal dress watch for a gentleman. The present ref. 5500, was first seen in auction 16 years ago and kept in a safe since then, retaining the unworn condition when it was first sold. The reference represents a significant milestone for Patek Philippe and will always hold a special place in the brand’s watchmaking history.

899

PATEK PHILIPPE — An unworn, very fine and rare limited edition pink gold rectangular-shaped wristwatch with small seconds, applied Roman numerals, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 500 pieces made to commemorate the opening of Patek Philippe’s watchmaking facility in Geneva in 1997

百達翡麗，「Pagoda」型號5500R-001，限量版玫瑰金小三針腕錶，特為慶祝百達翡麗日內瓦新廠房落成啟用限量發行500枚，約1997年製。附原裝證書、證明文件、天文台證書、配件、錶盒 Manufacturer

Patek Philippe

Year

Circa 1997

Reference No. 5500R-001 Movement No. 1’859’246 Case No. 4’014’551 Model Name Pagoda Material

18K pink gold

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 40.5mm length x 26.5mm width Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Gübelin A.G. dated 10th December 1997, Attestation, COSC certificate, 1997 commemorative watches book, commemorative medal, instruction manual, product literature, leather folio, Geneva Seal tag, travel pouch, fitted presentation box and outer packaging.

The present example features the Patek Philippe Pagoda ref. 5500 in pink gold, distinguished as the most elegant of all materials and showcasing the most legible dial within the collection. With only 500 pieces produced in pink gold, the dial complements the vertical Pagoda case beautifully. Exuding sophistication, this timepiece is one of the most distinct wristwatch ever created by the manufacturer. This ref. 5500 was last seen at auction 16 years ago and has been kept in a safe since, maintaining its virtually unworn condition from when it was originally sold. This reference marks a significant milestone for Patek Philippe and will always capture the hearts of collectors.

900.

PATEK PHILIPPE — An unworn, very fine and rare limited edition yellow gold rectangular-shaped wristwatch with small seconds, applied Roman numerals, champagne dial, Certificate of Origin, attestation, commemorative medal and presentation box, one of a limited edition of 1,100 pieces made to commemorate the opening of Patek Philippe’s watchmaking facility in Geneva in 1997

百達翡麗，「Pagoda」型號5500J，限量版黃金小三針腕錶，備香檳金色錶盤，特為慶祝百達翡麗日內瓦新廠房落成啟用限量發行1,100枚，約1997年製。附原裝證書、證明文件、天文台證書、配件、錶盒 Manufacturer

Patek Philippe

Year

Circa 1997

Reference No. 5500J Movement No. 1’858’475 Case No. 4’013’253 Model Name Pagoda Material

18K yellow gold

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 40.5mm length x 26.5mm width Signed Case, dial, movement and buckle signed Estimate HKD 70,000–120,000 USD 9,000–15,400 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe SA Genève dated 27th October 1997, Attestation dated 27th October 1997, COSC certificate, 1997 commemorative watches book, commemorative medal, instruction manual, product literature, leather folio, Geneva Seal tag, fitted presentation box and outer packaging.

Cased in classic 18K yellow gold, this example features the Patek Philippe Pagoda ref. 5500, showcasing a stunning champagne dial. The applied indexes blend seamlessly with the dial, creating a harmonious aesthetic on the wrist. With only 1,100 pieces produced in yellow gold, the dial beautifully complements the vertical Pagoda case. This ref. 5500 was last seen at auction 16 years ago and has been kept in a safe since, preserving its virtually unworn condition from when it was originally sold. The watch even retains its hang tag attached to the strap and comes complete with its full set of accessories, including the Certificate of Origin, COSC certification and its original attestation.

901.

PATEK PHILIPPE — A well-preserved, exceptionally rare and important platinum minute repeating perpetual calendar tourbillon wristwatch with Jean-Pierre Hagmann case, retrograde date, small seconds, moon phases, leap year indication, silvered Breguet numerals dial, Certificate of Origin, additional solid caseback, setting pin and presentation box

Few references in modern watchmaking history embody the quiet grandeur of Patek Philippe as fully as the ref. 5016. Produced between 1993 and 2011, it was, at the time of its introduction, the most complicated wristwatch ever created by the esteemed manufacturer. For nearly two decades, it stood as the pinnacle of Geneva’s horological artistry, uniting three of the most demanding complications—a minute repeater, a perpetual calendar, and a tourbillon regulator—with the added refinement of moon phases and a retrograde date. This singular combination remained unrivalled until the debut of the Sky Moon Tourbillon ref. 5002 (Lot 828) in 2001. One of the hallmarks of the ref. 5016 is its retrograde date mechanism. The retrograde date, though visually simple, is among the most mechanically elegant solutions to calendar display, and in the ref. 5016 it harmonises beautifully with the perpetual calendar indications and moon phase aperture. The 37mm case is deceptively modest. Its arched lugs extend gracefully, giving the watch a presence on the wrist beyond its dimensions, yet never straying into ostentation. Offered in all four precious metals—yellow, rose, white gold, and platinum— the platinum versions are particularly celebrated, with only around 90 pieces in platinum believed to have been made. Its proportions draw inspiration from the legendary ref. 2499, embodying restrained elegance and perfect balance. Dials were offered in silvered (present example) or black, with approximately 16 examples in platinum with a silver dial to have appeared on the market so far, each discreetly inscribed with the individual movement number beneath the moon phase aperture, echoing the observatory‑grade pocket watches of Patek Philippe’s early 20th‑century tradition. Through the sapphire back, the tourbillon reveals its artistry, distinguished by a uniquely shaped wheel reminiscent of a watchmaker’s tool. Bearing movement number 1’950’032, the present ref. 5016 is the 33rd example produced by the manufacturer, as the production of this reference began with movement number 1’950’000.

PATEK PHILIPPE

Ref. 5016P-010, Hagmann case

901.

百達翡麗，型號 5016P-010，極度罕有重要，鉑金三問萬年曆陀飛輪腕錶，備「Jean-Pierre Hagmann」錶殼、逆跳日期、小秒針、月相、閏年顯示、寶璣數字時標，約1998年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 1998

Reference No. 5016P-010 Movement No. 1’905’032 Case No. 2’972’558 Material

Platinum

Calibre Manual, cal. RTO 27 PS QR, 28 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 3,500,000–5,500,000 USD 449,000–705,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Restivo S.R.L. Italy, COSC certificate, instruction manual, product literature, leather folio, additional solid caseback, setting pin, key, fitted presentation box and outer packaging.

Equally important is the case maker of the present example. Among Patek Philippe’s minute repeaters, none are more coveted than those signed with the “JHP” hallmark of the late Jean‑Pierre Hagmann, the celebrated Geneva case maker renowned for the unparalleled acoustic quality of his creations. Subtly stamped beneath the lower right lug, this mark assures collectors of the sublime, crystalline chime that only a Hagmann case can deliver. Notably, Hagmann cases were employed only for the earliest productions of the ref. 5016, and in platinum they are of the utmost rarity. According to research, only a handful of platinum ref. 5016 with Hagmann cases have ever appeared at auction. What’s more remarkable is the state of preservation of the present example, kept in well-preserved condition from the original owner, this ref. 5016 is simply astonishing. “Fresh-tothe-market” and accompanied by its full set of accessories, this is an exceptionally rare opportunity for collectors to acquire a landmark reference from Patek Philippe in its most original state of preservation that stands as one of the most remarkable wristwatches ever made.

PATEK PHILIPPE

Ref. 5016P-010, Hagmann case

THE HONG KONG WATCH AUCTION: XXI 名錶薈萃－香港 XXI SESSION 2 22 NOVEMBER 2025, 2PM LOTS 902–1014

A GENTLEMAN’S COLLECTION

The present collection is offered by a true gentleman who has always been a connoisseur of fine watches. The highlighted lots represent the gentleman’s taste, vision, and character. A combination of sporty, elegant, and highly complicated models reflects a gentleman’s daily activities. From colorful dials fitted in the iconic Oyster Perpetual case, perfect for a morning dog walk, to professional models suited for a skiing session or a swim in the pool, this collection is versatile. Afternoon work duties or leisurely reading the latest bestsellers are enhanced by wearing fine timepieces by Hida-san or Monsieur Ferrier. The day cannot end without a cocktail at a bar led by one of the most renowned mixologists in town or a dinner jacket invitation at a penthouse. It is here that the elegance of a Patek Philippe can be glimpsed under the sleeve, or a conversation can be sparked over the intricate complications crafted by Monsieur Journe. Phillips is immensely honored to have been chosen to offer this gentleman’s collection.

902.

ROLEX — A fine and attractive stainless steel wristwatch with center seconds, “Coral” red lacquered dial, bracelet, guarantee and presentation box

勞力士，「Oyster Perpetual 41, “Coral”」型號 124300，精鋼自動鏈帶腕錶，備中心秒針、珊瑚紅色漆面錶盤，約2020年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 2020

Reference No. 124300 Case No. 64J7G605 Model Name Oyster Perpetual 41, “Coral” Material

Stainless steel

Calibre Automatic, cal. 3230, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 175mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp Dimensions 41mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 55,000–120,000 USD 7,100–15,400 Accessories Accompanied by Rolex guarantee dated 11th December 2020, instruction manual, product literature, green card holder, hang tag, fitted presentation box and outer packaging.

A playful addition to the time-only collection, the Rolex Oyster Perpetual 41 features a striking “Coral” red dial. This vibrant color creates a stunning contrast against the stainless steel case, offering a modern take on the highly coveted bold and colorful Stella dials from the 1970s. The “Coral” red variant was discontinued during Watches and Wonders 2022, further increasing its desirability and sparking a rush among collectors eager to secure this specific model. Additionally, finding this watch in such excellent condition presents a rare opportunity that should not be overlooked.

903.

ROLEX — A fine and sought-after stainless steel wristwatch with center seconds, bracelet, “Med blue” dial, guarantee and presentation box

勞力士，「Oyster Perpetual 41, “Med blue”」型號 134300，精鋼自動鏈帶腕錶，備藍色漆面錶盤，約2025年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2025

Reference No. 134300 Case No. 656WK953 Model Name Oyster Perpetual 41, “Med blue” Material

Stainless steel

Calibre Automatic, cal. 3230, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 175mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp Dimensions 41mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 38,000–76,000 USD 4,900–9,700 Accessories Accompanied by Rolex guarantee dated 26 April 2025, product literature, green cardholder, fitted presentation box and outer packaging.

The Rolex Oyster Perpetual 41 ref. 134300 is a refined evolution of the brand’s classic time-only model, combining timeless design with subtle technical enhancements. The present example features a med blue dial, created through a meticulous six-layer process applied to a brass base, followed by varnishing and polishing to achieve its rich depth and brilliance. The dial is completed with pad-printed inscriptions and handapplied hour markers and crown. Inside, the watch houses Rolex’s calibre 3230, an automatic time-only movement introduced the brand in 2020, a paramagnetic blue Parachrom hairspring, and Paraflex shock absorbers. The Chromalight display offers long-lasting blue luminescence for enhanced legibility. Certified as a Superlative Chronometer, the ref. 134300 exemplifies Rolex’s commitment to precision, durability, and understated elegance. The present example is offered in excellent overall condition along with its original guarantee. It represents a compelling opportunity for collectors and enthusiasts to acquire a distinctive and sought-after timepiece.

904.

AUDEMARS PIGUET — An attractive and sought-after stainless steel wristwatch with khaki green dial, date, bracelet, certificate and presentation box, made to commemorate the 50th anniversary of Royal Oak

愛彼，「Royal Oak Selfwinding “50th Anniversary”」型號15510ST.OO.1320ST.04，精美，精鋼自動鏈帶腕錶，備卡其綠色錶盤、日期顯示，特為紀念Royal Oak 發行五十週年發行，約2022年製。附原裝證書、錶盒 Manufacturer

Audemars Piguet

Year

Circa 2022

Reference No. 15510ST.OO.1320ST.04 Movement No. BN 3047 Case No. MN3497K Model Name Royal Oak Selfwinding “50th Anniversary” Material

Stainless steel

Calibre Automatic, cal. 4302, 32 jewels Bracelet/Strap Stainless steel Audemars Piguet bracelet, max length 195mm Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 41mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 190,000–380,000 USD 24,400–48,700 Accessories Accompanied by Audemars Piguet certificate dated 31 December 2022 stamped Crans-Montana, warranty, instruction manual, product literature, fitted presentation box and outer packaging.

The present example is a modern representative of this landmark wristwatch in celebration of the 50th anniversary of the model. The reference 15510ST “Self-Winding 50th Anniversary” was released in 2022 featuring a 41mm diameter case and houses the brand’s automatic caliber 4302. The caliber 4302 was released in 2019 as the upgraded successor of the caliber 3120 – Audemars Piguet’s first in-house automatic movement, originally introduced in 2005. The line includes a variety of Grande Tapisserie dial types from blue (01), black (02), silver (03), gray (05) and like the present wristwatch, a very attractive khaki green (04). The special rotor is engraved “50 Years”, in production for one year only in 2022. The present timepiece is in excellent overall condition and accompanied by its certificate, warranty card, and presentation box. Offered by the original owner, this is an opportunity to own one of the most iconic and sought after timepieces in the market.

905.

AUDEMARS PIGUET — A very fine and sought-after stainless steel wristwatch with bracelet, date, warranty and presentation box

愛彼，「Royal Oak “Jumbo”」型號15202ST. OO.1240ST.01.A，十分精細，精鋼自動鏈帶腕錶，備日期顯示，約2017年製。附原裝證書、錶盒 Manufacturer

Audemars Piguet

Year

Circa 2017

Reference No. 15202ST.00.1240ST.01.A Movement No. AL6087 Case No. K14547 Model Name Royal Oak “Jumbo” Material

Stainless steel

Calibre Automatic, cal. 2121, 36 jewels Bracelet/Strap Stainless steel Audemars Piguet bracelet, max length 175mm Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 39mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 290,000–570,000 USD 37,200–73,100 Accessories Accompanied by Audemars Piguet warranty card, hang tag, fitted presentation box and outer packaging.

The Audemars Piguet ref. 15202 is a direct successor to the original Royal Oak ref. 5402. It was launched in 2000 and reissued in 2012 to commemorate its 40th anniversary. The ref. 15202 is equipped with the same cal. 2121 movement, which has been in use for 50 years. This movement not only provides the wearer with an interesting quick-set date function but also maintains the watch’s ultra-thin profile. Staying true to the design of the ref. 5402, the ref. 15202 incorporates all the original elements, including the slender case, tapisserie dial, Royal Oak bracelet, and automatic movement. The sapphire crystal display back reveals a new skeletonized rotor that offers an unobstructed view of the movement. The ref. 15202 is available in two dial variations. Earlier versions feature the AP logo at 12 o’clock, while the original ref. 5402 and the present example display the AP logo at the lower part of the dial. In 2022, the ref. 15202 was discontinued and succeeded by the ref. 16202, which was released to celebrate the 50th anniversary of the Royal Oak collection. In addition to its collectability, the present example is offered in excellent condition.

906.

F.P. JOURNE — A well-preserved, fine and impressive electro-mechanical Titalyt® tortue-shaped wristwatch with small seconds, guarantee and presentation box

F.P. Journe，「Élégante 48」型號 ELHT，精細獨特， Titalyt石英機械腕錶，備小三針、專利動力感應擺陀，約2023年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2023

Reference No. ELHT Case No. B-775-ELHT Model Name Élégante 48 Material

Titalyt

Calibre Electromechanical, cal. 1210, 18 jewels Bracelet/Strap Rubber Clasp/Buckle Titalyt F.P. Journe deployant clasp Dimensions 48mm length x 40mm width Signed Case, dial, movement and clasp signed Estimate HKD 190,000–380,000 USD 24,400–48,700 Accessories Accompanied by F.P. Journe guarantee stamped Montre Journe Paris dated 6 April 2023, cloth, fitted presentation box and outer packaging.

The F.P Journe Élégante was officially introduced in 2014, and it has completely revolutionized the concept of a quartz movement. The Élégante electro-mechanical movement line was developed over an eight-year span. The Élégante is available in both 40mm and 48mm sizes, and made in platinum, pink gold, titanium, and Titalyt. There are additionally some examples that are set with diamonds, enamel panels, or precious stones. Titalyt is basically titanium subjected to electroplasm oxidation, a revolutionary technique which drastically improves the material’s hardness and resistance to wear. Equipped with an electro-mechanical calibre 1210, the watch “hibernates” after 35 minutes of inactivity to save battery life by stopping the hands from moving. When the watch is moved again, a small motion detector at 4 o’clock “awakens” it, allowing the hands to be readjusted to the correct time. The dial is translucent white with black Arabic numerals and a chemin de fer outer ring, and it is entirely made with Super-LumiNova for total luminescence in darkness, allowing the dial to glow in a mesmerizing electric blue. The present Élégante example with 48mm Titalyt case is complemented by its original subtle charcoal rubber strap, which echoes the case and outer dial colour. Offered in well-preserved condition, it is accompanied by its original guarantee and presentation box.

F.P. JOURNE

Élégante 48

907.

F.P. JOURNE — A very fine, rare and attractive platinum wristwatch with small seconds, power reserve indication, “tobacco brown” dial, guarantee and presentation box

F.P. Journe，「Chronomètre Souverain “Havana”」，精細罕有，鉑金腕錶，備小秒針、「Tobacco Brown」棕色錶盤、動力儲存顯示，約2020年製。附原裝證書、錶盒、配件 Manufacturer

F.P. Journe

Year

Circa 2020

Case No. 2-586CS Model Name Chronomètre Souverain “Havana” Material

Platinum

Calibre Manual, cal. 1304, 22 jewels Bracelet/Strap Leather Clasp/Buckle Platinum F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 480,000–950,000 USD 61,500–122,000 Accessories Accompanied by F.P. Journe guarantee stamped George Pragenell Ltd, United Kingdom dated 3rd November 2020, additional F. P. Journe platinum pin buckle, cloth, USB, leather card holder and fitted presentation box.

Inspired by 19th-century pocket watches, the Chronomètre Souverain reimagines the traditional marine chronometer with a focus on precision. Launched in 2005, this model was the first wristwatch from F.P. Journe to feature a guilloché dial, beautifully paired with signature blued steel hands. It also earned the title of “Favorite Men’s Watch” at the GPHG awards. Powered by the in-house manually wound cal. 1304, the movement is crafted entirely from 18K pink gold and boasts a central twin barrel, providing a power reserve of 56 hours. Merging comfort, innovation, and character, the current Chronomètre Souverain is presented in a warm tobacco brown known as “Havana”. This unique color, developed by Journe’s own dial maker, Les Cadraniers de Genève, is a blend of gold and ruthenium that underwent extensive refinement to achieve perfection. Housed in a discreet 40mm platinum case, the Chronomètre Souverain Havana features a Clous de Paris hobnail pattern on the dial, complemented by soft creamcolored hands and numerals, creating a harmonious aesthetic that captures the essence of Cuba. Offered in excellent condition and complete with its original guarantee, an additional platinum buckle, and accessories, this timepiece is sure to appeal to the growing community of F.P. Journe enthusiasts and collectors.

F.P. JOURNE

Chronomètre Souverain “Havana”

908.

LAURENT FERRIER — A very rare and attractive limited edition white gold wristwatch with small seconds, black dial, luminous hands, certificate and presentation box, numbered 20 of a limited edition of 20 pieces made for Hodinkee

Laurent Ferrier，「Classic Origin “Hodinkee”」，十分精細罕有，限量版白金小三針腕錶，備黑色錶盤、夜光指針，特為 Hodinkee 限量發行20枚，編號20 號，約2021年製。附原裝證書、錶盒 Manufacturer

Laurent Ferrier

Year

Circa 2021

Movement No. 196 Case No. 20/20 Model Name Classic Origin “Hodinkee” Material

18K white gold

Calibre Manual, cal. LF 116.01, 21 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Laurent Ferrier pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 180,000–250,000 USD 23,100–32,100 Accessories Accompanied by Laurent Ferrier certificate stamped Hodinkee and dates 16th November 2021, instruction manual and fitted presentation box.

Released in 2021, the Laurent Ferrier Classic Origin Opaline marks the brand’s collaboration with Hodinkee, produced in a limited series of just 20 examples. This exquisite timepiece features a highly refined black opaline dial inspired by timepieces from 1940s and 1950s. Designed with remarkable and unique numerals in collaboration with Hodinkee, they are raised with a warm hue that gives this modern timepiece it’s vintage charm. Complimented with rarely seen pencil hands with luminous fill, the present Classic Origin created in white gold certainly stands out from its peers within the model. The case embodies the classic Galet pebble-like form for which Laurent Ferrier is renowned, offering both ergonomic comfort and understated elegance. Turning the watch over reveals the charming caliber LF116.01, which has been micro-blasted to achieve a stunning sandblasted black rhodium movement. In excellent condition, this Classic Origin “Hodinkee” is number 20 out of the limited series of 20, making it a truly unique addition to any collection.

909.

LAURENT FERRIER — A fine and attractive stainless steel dual-time wristwatch with date, midnight blue dial, small seconds, certificate and presentation box

Laurent Ferrier，「Classic Galet Traveller」型號 LCF007.AC.CW1，精細，精鋼自動兩地時區腕錶，備日期顯示、小秒針，約2022年製。附原裝證書、錶盒 Manufacturer

Laurent Ferrier

Year

Circa 2022

Reference No. LCF007.AC.CW1 Movement No. 077 Model Name Classic Galet Traveller Material

Stainless steel

Calibre Automatic, cal. LF230.02, 41 jewels Bracelet/Strap Leather Clasp/Buckle Stainless steel Laurent Ferrier pin buckle Dimensions 41mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 170,000–240,000 USD 21,800–30,800 Accessories Accompanied by undated Laurent Ferrier certificate, instruction manual, cloth, loupe, travel case, fitted presentation box and outer packaging.

Laurent Ferrier, a skilled watchmaker, dedicated nearly 37 years to product development at Patek Philippe before unveiling his first creation in 2010: the Galet Classique. This stainless steel Galet Traveller exemplifies the timeless elegance that Ferrier infuses into his creations. The large, easily readable midnight blue dial showcases a sectorial design with a clean center and generously sized minute division ring. The blue hue reflects light beautifully, appearing almost two-toned, resulting in a subtle yet stunning aesthetic. Additionally, this particular example features uniform gold specks that can be appreciated under magnification. Thin white gold dagger-shaped indexes gracefully bridge the two sections of the dial, adding a touch of modernity to the overall design. The case is equally timeless, characterized by smooth lines and an onion crown that nods to the early history of portable watches. The Galet Traveller is equipped with the upgraded LF230.02 double direct-impulse natural escapement—a mechanism originally devised by Breguet in the late 18th century, which very few watchmakers have successfully replicated. This innovative escapement employs two nickel phosphorous escape wheels and a silicon pallet-lever, ensuring optimal energy distribution and offering a power reserve of up to 72 hours. The present timepiece is in excellent condition and comes complete with its certificate and accessories.

910.

GRÖNEFELD — A very fine and attractive pink gold wristwatch with small seconds, rhodium-plated dial, warranty and presentation box

Grönefeld，「1941 Principia」型號，玫瑰金自動小三針腕錶，備鍍銠錶盤，約2022年製。附原裝證書、錶盒 Manufacturer

Grönefeld

Year

Circa 2022

Movement No. 224 Case No. 70’722 Model Name 1941 Principia Material

18K pink gold

Calibre Automatic, cal. G-06, 31 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Grönefeld pin buckle Dimensions 39.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 190,000–380,000 USD 24,400–48,700 Accessories Accompanied by Grönefeld warranty stamped Cellini, New York dated November 2022, hang tag, fitted presentation box and outer packaging.

Released in 2018, the 1941 Principia is Grönefeld’s first time-only wristwatch, featuring a completely original in-house automatic movement, finished and assembled by hand. The present example in 18K pink gold with an alluring rhodiumplated dial that is swept over by the elegant flame-blued Lancette hour and minute hands, exuding spectacular charm from every angle. The movement of the present timepiece is equally impressive. Fitted with a uni-directional winding mechanism weighted by a 22-karat solid pink gold monobloc rotor, the 226-part movement is made of stainless steel bridges replicating bell gables, often seen on the rooftops of Dutch church buildings, referencing the homeland of the Horological Brothers. Discontinued and accompanied by its warranty and presentation box, the present timepiece is offered in excellent overall condition and will surely appeal to the most discerning watch collectors.

GRÖNEFELD 1941 Principia

911.

F.P. JOURNE — An attractive and innovative boutique edition platinum perpetual calendar wristwatch with blue dial, instantaneous jumping calendar mechanism, power reserve, leap year indication, guarantee and presentation box

F.P. Journe，「Octa Quantième Perpétuel “Boutique Edition”」型號，精美，鉑金自動萬年曆腕錶，備藍色錶盤、瞬跳年曆系統、動力儲存、閏年顯示，特為專門店發行，約2020年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2020

Case No. 303-QP Model Name Octa Quantième Perpétuel “Boutique Edition” Material

Platinum

Calibre Automatic, cal. 1300.3, 40 jewels Bracelet/Strap Leather Clasp/Buckle Platinum F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 570,000–1,150,000 USD 73,100–147,000 Accessories Accompanied by F.P. Journe guarantee stamped Boutique F.P. Journe New York, dated 15th October 2020, fitted presentation box and outer packaging.

When F.P. Journe introduced the Octa collection in 2001, it marked a significant step into serial production for the maison. The watch quickly captivated enthusiasts with its technical sophistication, leading Journe to enhance its capabilities with the upgraded cal. 1300.3. This movement features a substantial 22-karat gold rotor and a unidirectional ball-bearing system, ensuring ample energy to operate the caliber effortlessly. Journe’s exceptional engineering and meticulous craftsmanship have garnered admiration from even the most discerning collectors. Drawing design inspiration from Journe classics like the Octa Divine, the Quantième Perpétuel features a quatrefoil layout for optimal readability, with a subtle leap year indicator encircling the center. This particular piece is a full set and stands out among its already highly sought-after counterparts as a rare “Boutique Edition” in platinum with a blue dial. Not only is the watch aesthetically stunning, but its rarity adds to its appeal: Boutique Edition models can only be obtained at Journe’s exclusive boutiques, rather than through authorized dealers. Securing a boutique edition is quite challenging, as each boutique typically receives only a limited number of pieces each year.

F.P. JOURNE

Octa Quantième Perpétuel “Boutique Edition”

912.

PATEK PHILIPPE — A rare and attractive platinum perpetual calendar wristwatch with moon phases, 24-hour, leap year indication, Certificate of Origin and presentation box

百達翡麗，型號3940P-013，精細罕有，鉑金自動萬年曆腕錶，備24小時、閏年、月相顯示，約2006年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2006

Reference No. 3940P-013 Movement No. 3’129’096 Case No. 4’355’478 Material

Platinum

Calibre Automatic, cal. 240, 27 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 240,000–480,000 USD 30,800–61,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd., dated 17 November 2006, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

Introduced in 1985, in the wake of the quartz crisis, the Patek Philippe ref. 3940 represented a bold new departure for the maison. With its slender 36mm circular case, the model stood apart from the brand’s traditional designs, offering a watch that was both modern and strikingly elegant on the wrist. The present example is distinguished by an exceptionally rare and captivating black lacquered dial, confirmed by its Certificate of Origin. Featuring oversized Roman numerals, crisp white obelisk hands, a crosshair leap‑year indicator, sunken subsidiary dials, and a nuanced two‑tone 24‑hour indicator, the overall effect is at once stealthy, legible, and enchanting. At its heart beats the ultra‑thin cal. 240Q, Patek Philippe’s first self‑winding perpetual calendar movement with a micro‑rotor. Renowned for combining slenderness, versatility, and lightness with remarkable reliability and a 48‑hour power reserve, it remains one of the manufacture’s most celebrated calibers. Preserved in excellent overall condition, the watch retains crisp hallmarks and strong case proportions. Complete with its Certificate of Origin and presentation box, this platinum ref. 3940—produced alongside the second and third series— offers collectors a rare opportunity to acquire one of the most captivating interpretations of this landmark reference.

PATEK PHILIPPE

Ref. 3940P-013

913.

PATEK PHILIPPE — A rare and attractive white gold perpetual calendar wristwatch with moon phases, 24-hour, leap year indication, Certificate of Origin, additional solid caseback, setting pin and presentation winding box

百達翡麗，型號5140G-001，精細罕有，白金自動萬年曆腕錶，備閏年、24小時、月相顯示，約2007年製。附原裝證書、上弦錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 2007

Reference No. 5140G-001 Movement No. 3’677’565 Case No. 4’406’036 Material

18K white gold

Calibre Automatic, cal. 240 Q, 27 jewels Bracelet/Strap Leather Clasp/Buckle Stainless steel pin buckle Dimensions 37mm diameter Signed Case, dial and movement signed Estimate HKD 240,000–480,000 USD 30,800–61,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Guillard, Lausanne dated 30 November 2007, instruction manual, product literature, additional solid caseback, setting pin, leather folio, fitted presentation winding box and outer packaging.

Perpetual calendar wristwatches have always been embedded in the much respected heritage of Patek Philippe since their innovation of the world’s very first self-winding perpetual calendar wristwatch in the early 1960s via the coveted ref. 3448. Replaced by the ref. 3940 in 1986, the new reference was a completely new wristwatch and was not just an upgrade. Featuring a classy Calatrava style case, differing from its previous Padellone style, the dial layout is also different as it features for the first time a leap year indicator with three subsidiary dials instead of apertures. Extremely successful and well-received, the reference went on to enjoy a long production run spanning 21 years. In 2006, Patek Philippe replaced the ref. 3940 with the upgraded ref. 5140. With a case and dial that pays extreme resemblance to its previous reference, the ref. 5140 featured a slightly larger case at 37mm diameter as well as a larger date ring to increase the legibility of the dial. The present example from circa 2007 in 18K white gold with an attractive opaline silvery dial, it is further accompanied by its full set of accessories including its additional solid caseback, setting pin and winding box. Undervalued and elegant, the ref. 5140 is a great timepiece to sport every day.

914.

PATEK PHILIPPE — A very fine and attractive white gold cushion-shaped perpetual calendar wristwatch with moon phases, 24 hours, leap year indication, Breguet numerals, additional solid caseback, setting pin, Certificate of Origin and presentation box

百達翡麗，型號5940G-001，精細，白金自動萬年曆腕錶，備閏年、月相、24小時顯示、寶璣數字時標，約2015年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 2015

Reference No. 5940G-001 Movement No. 5’848’743 Case No. 6’004’660 Material

18K white gold

Calibre Automatic, cal. 240 Q, 27 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 140,000–280,000 USD 17,900–35,900 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Montiel, Pamplona Spain dated 29th December 2015, instruction manual, product literature, setting pin, additional solid caseback, leather folio, hang tag, fitted presentation box and outer packaging.

With a classic and traditional appeal, the Patek Philippe ref. 5940 was launched in 2012 as a successor to the former ref. 5040. Featuring a perpetual calendar complication, this reference allows clients to own a Patek Philippe perpetual calendar wristwatch housed in an Art-Deco-inspired cushionshaped case. Initially available in yellow gold, the white gold variant was introduced two years later in 2014, featuring a silvery white dial, followed by a black dial variant the subsequent year. Measuring a comfortable 37mm in diameter, the elegant case of the ref. 5940 houses a stunning dial adorned with applied white gold Breguet numerals, an exquisite detail appreciated by collectors. The Art-Deco-inspired font of the date wheel adds a subtle yet charming touch, enhancing the watch’s vintage appeal. The present example with a silvery white dial from circa 2015 is very well-preserved and comes complete with its full set of accessories, including the original additional solid caseback. With its attractive wrist presence, the ref. 5940 is highly appreciated by collectors looking for a perpetual calendar wristwatch from the firm that pioneered the very first selfwinding perpetual calendar wristwatch.

915.

PATEK PHILIPPE — A rare and attractive yellow gold annual calendar wristwatch with slate grey dial, center seconds, moon phases, power reserve indication, Certificate of Origin and presentation box

百達翡麗，型號5146J-010，罕有，黃金自動年曆腕錶，備灰色錶盤、中心秒針、動力儲存、月相顯示，約2006年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2006

Reference No. 5146J-010 Movement No. 3’420’035 Case No. 4’306’902 Material

18K yellow gold

Calibre Automatic, cal. 315 S IRM QA LU, 36 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 120,000–230,000 USD 15,400–29,500 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe Salon, Geneva dated 24th March 2006, purchase invoice, leather folio, instruction manual, product literature, fitted presentation box and outer packaging.

Introduced in 2005, the Patek Philippe ref. 5146 features an annual calendar complication and is the second annual calendar model ever produced by the brand. It succeeded the ref. 5035, the first annual calendar reference introduced in 1996, and retains a similar aesthetic. Before the annual calendar wristwatch was released, collectors had to choose between highly complicated perpetual calendar watches and simple triple calendars, leaving a gap that the annual calendar effectively filled. Housed in a sophisticated 39mm 18K yellow gold Calatravastyle case, the ref. 5146 exudes a traditional and timeless charm. What makes this timepiece particularly special is its dial. This example, fresh-to-the-market, comes from its original owner who purchased it in 2006 at the Patek Philippe Salon in Geneva and still retains the original purchase invoice. The grey dial is exceptionally rare compared to its ivory counterpart, with only a few examples having surfaced. This piece marks Phillips’ auction debut for this reference, making it stand out among its peers. The striking combination of the grey dial against the yellow gold case offers a unique opportunity for connoisseurs who appreciate such elegant timepieces.

916.

PATEK PHILIPPE — A fine and attractive white gold annual calendar wristwatch with small seconds, two-tone silvered regulator dial, Certificate of Origin, setting pin and presentation box

百達翡麗，型號5235G-001，精細，白金自動年曆腕錶，備三針一線錶盤，約2015年製。附原裝證書、調整筆、錶盒 Manufacturer

Patek Philippe

Year

Circa 2015

Reference No. 5235G-001 Movement No. 5’625’204 Case No. 4’678’673 Model Name Regulator Material

18K white gold

Calibre Automatic, cal. 31-260 REG QA, 29 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 150,000–280,000 USD 19,200–35,900 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Cortina Watch Co., Ltd dated 13 January 2015, instruction manual, product literature, leather folio, setting pin, fitted presentation box and outer packaging.

Produced between 2012 and 2019, arguably the present ref. 5235G is an underrated model when compared with other modern Patek Philippe watches. It is sharp and very technical looking, yet it is in fact heavily influenced by the vintage ref. 3448 Perpetual Calendar’s case design which debuted in 1962. With a three-tone dial and navy blue numerals, it looks incredibly symmetrical and legible. Powering the timepiece is Patek Philippe’s ultra-thin automatic calibre 31-260 REG QA. The rhodium-plated movement features a distinctive regulator-style architecture, visible through the sapphire display caseback. What sets this calibre apart is its integration of advanced research components, including a silicon escape wheel, anchor, and balance spring. These elements make the movement highly antimagnetic and shock-resistant, while also improving longterm reliability and precision. The layout is both unconventional and elegant, showcasing Patek Philippe’s mastery in combining technical sophistication with aesthetic finesse. In 2019, Patek Philippe officially discontinued ref. 5235 in white gold, replacing it with a pink gold model with black outer track and subsidiary dials and a dark grey dial. It remains highly sought-after for its clean, modern aesthetic and rarity. Offered in excellent overall condition, the present circa 2015 example is accompanied by its Certificate of Origin and original accessories.

•

917.

ROLEX — A fine and attractive stainless steel wristwatch with center seconds and bracelet

勞力士，「Explorer」型號114270，精細罕有，精鋼自動鏈帶腕錶，備中心秒針，約2005年製。 Manufacturer

Rolex

Year

Circa 2005

Reference No. 114270 Movement No. 30’782’411 Case No. D249’093 Model Name Explorer Material

Stainless steel

Calibre Automatic, cal. 3130, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, endlinks stamped “78690”, max length 180mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “78690” and “CL10” Dimensions 36mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 38,000–76,000 USD 4,900–9,700

The Rolex Explorer ref. 114270 is one of the brand’s most iconic and versatile models. Produced between 2001 and 2010, the ref. 114270 showcases a timeless design with a modern 36mm case featuring Rolex’s signature 3-6-9 Arabic numerals. Emphasizing the principle of “less is more”, this wristwatch is both profound and adaptable, boasting a striking contrast between its simple black dial and white luminous markers. With a D serial number, this particular example was made circa 2005 and is offered with No Reserve.

THIS LOT IS OFFERED WITHOUT RESERVE

918.

ROLEX — A fine and attractive stainless steel wristwatch with center seconds, date, white gold bezel, mint green sunray dial, bracelet, guarantee and presentation box

勞力士，「Datejust 41」型號126334，精鋼自動鏈帶腕錶，備薄荷綠色錶盤、白金錶圈、日期顯示，約2023年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2023

Reference No. 126334 Case No. Z6377071 Model Name Datejust 41 Material

Stainless steel and 18K white gold

Calibre Automatic, cal. 3235, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 195mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp Dimensions 41mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 55,000–120,000 USD 7,100–15,400 Accessories Accompanied by Rolex guarantee dated 18 April 2023, instruction manual, product literature, hang tag, green cardholder, fitted presentation box and outer packaging.

Introduced in 1945 to mark Rolex’s 40th anniversary, the Datejust revolutionized watchmaking by introducing the nowstandard date window at 3 o’clock. Over the decades, it has evolved through new dial designs, improved movements, and refined case materials. It has cemented its place as one of the most iconic and versatile watches in the industry. The present ref. 126334, launched in 2017, features a striking mint green dial paired with a fluted bezel and White Rolesor case, which is Rolex’s term for the combination of 18K white gold and stainless steel. Inside beats the calibre 3235, a movement built on the architecture of the Day-Date 40. It replaces the long-serving calibres 3135 and 3136, and incorporates Rolex’s proprietary Chronergy escapement and Parachrom hairspring for enhanced precision and reliability. Balancing elegance and sportiness, the 126334 is a true all-rounder. One can wear it at home, in boardrooms or on weekend adventures. Offered in excellent condition with its original accessories, the present example stands out with its sophisticated mint green dial and timeless design.

919.

AUDEMARS PIGUET — A very fine and attractive stainless steel chronograph wristwatch with bracelet, date, warranty and presentation box

愛彼，「Royal Oak Chronograph」型號26315ST. OO.1256ST.01，十分精細，精鋼自動鏈帶計時腕錶，備日期顯示，約2019年製。附原裝證書、錶盒 Manufacturer

Audemars Piguet

Year

Circa 2019

Reference No. 26315ST.OO.1256ST.01 Case No. FU5529F Model Name Royal Oak Chronograph Material

Stainless steel

Calibre Automatic, cal. 2385, 37 jewels Bracelet/Strap Stainless steel Audemars Piguet bracelet, max length 165mm Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 38mm diameter Signed Case, dial, movement, bracelet and clasp Estimate HKD 190,000–380,000 USD 24,400–48,700 Accessories Accompanied by Audemars Piguet warranty card, fitted presentation box and outer packaging.

Debuting at SIHH 2019, the Royal Oak Selfwinding Chronograph in 38mm brought a new and versatile proportion to one of Audemars Piguet’s most celebrated complications. Until its release, the Royal Oak Chronograph was offered only in 41mm, following the retirement of the original 39mm models in 2012. The launch of the mid size format reflected the broader return to more wearable case diameters and offered a perfect balance between presence and elegance, making it equally suited for gentlemen and ladies. The present example pairs a stainless steel case and integrated bracelet with a silver “Grande Tapisserie” dial and contrasting vibrant blue registers, enhancing both legibility and aesthetic appeal. Powered by the self winding cal. 2385, the model combines robust chronograph functionality with timeless Royal Oak design. Offered in excellent overall condition, this watch captures the enduring appeal of Gérald Genta’s 1972 icon.

920.

AUDEMARS PIGUET — An attractive and rare stainless steel chronograph wristwatch with date and bracelet

愛彼，「Royal Oak Chronograph “Kasparov”」型號 25860ST.OO.1110ST.03，罕有，精鋼自動計時鏈帶腕錶，備日期顯示，2007年製。附電子後補證書 Manufacturer

Audemars Piguet

Year

2007

Reference No. 25860ST.OO.1110ST.03 Movement No.

648’115

Case No. F83’195, No. 10969 Model Name Royal Oak Chronograph “Kasparov” Material

Stainless steel

Calibre Automatic, cal. 2385, 37 jewels Bracelet/Strap Stainless steel Audemars Piguet bracelet, max length 170mm Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 39mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 145,000–300,000 USD 18,600–38,560 Accessories Delivered with Audemars Piguet digital Extract from the Archives confirming the register date of the present timepiece on 29 January 2007.

The Royal Oak Chronograph reference 25860 was introduced by Audemars Piguet in 1997 to celebrate the 25th anniversary of the original Royal Oak. Paying tribute to the iconic “Jumbo”, it retains the original 39mm case. During this era of expertise in ultra-thin watchmaking, Audemars Piguet achieved a remarkable feat by integrating one of the thinnest self-winding chronograph movements of its time, the calibre 2385. This well-preserved example features a highly desirable blue dial, arguably the most sought-after color among collectors. While earlier production models showcased a “petite tapisserie” pattern, this reference flaunts a “grand tapisserie” pattern, offering a larger and more contemporary aesthetic. Additionally, the folding clasp has been upgraded to feature the signature “AP” logo, a detail highly coveted by collectors and no longer found on current Royal Oak models, further enhancing its appeal. Moreover, this reference gained significant popularity as a tribute to the renowned chess Grandmaster Garry Kasparov, who wore this watch during his professional games. Notably, he would remove it from his wrist before making his final winning moves. As an Audemars Piguet brand ambassador, the watch has affectionately been nicknamed “Kasparov” by collectors, solidifying its status as a favorite within the Royal Oak Chronograph lineage.

921.

F.P. JOURNE — A very elegant and attractive pink gold wristwatch with pink gold movement, small seconds, power reserve indication, guarantee and presentation box

F.P. Journe，「Chronomètre Souverain」，十分精美，玫瑰金腕錶，備小秒針、玫瑰金機芯及動力儲存顯示，約2022年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2022

Case No. 2-695CS Model Name Chronomètre Souverain Material

18K pink gold

Calibre Manual, cal. 1304, 22 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 290,000–570,000 USD 37,200–73,100 Accessories Accompanied by F.P. Journe international guarantee stamped A L’Emeraude, Lausanne dated 2 February 2022, cloth, fitted presentation box and outer packaging.

Introduced in 2005, the Chronomètre Souverain was inspired by the Marine chronometers of the early 19th century. It is quite often overlooked when it comes to the other models in the collection, such as the Centigraphe, the Optimum, and the Repeater. It debuted in a 40mm case in platinum and 18K pink gold case, like the present example, as F.P. Journe first nonlimited edition model to have a central time display. It carries quite a simple dial: a small seconds subdial is at 7 o’clock, while the 56-hour power reserve indication at 3 o’clock. However, if one looks further into the watch, it offers far more than it looks. Inside the case, the 18K pink gold movement is powered by two parallelly mounted barrels to achieve a remarkably stable source of energy within the movement. When you look at the movement through the sapphire caseback, the two barrels do not seem to be connected. This creates a sort of mystery between them. Overtime the Chronomètre Souverain has become a model of reference. The present example stands out with its “original dial”, which features a white guilloché dial with blue hands, exactly how it looks during its debut. The present timepiece demonstrates the Maison’s philosophy: striving for precision while embracing simplicity. Offered in excellent condition along with its original guarantee, the present example is preserved in excellent overall condition.

F.P. JOURNE

Chronomètre Souverain

922.

NAOYA HIDA & CO. — A rare and attractive stainless steel wristwatch with center seconds, certificate and presentation box

Naoya Hida & Co.，「NH Type 2C」，精細罕有，精鋼大三針腕錶，約2023年製。附原裝證書、錶盒 Manufacturer

Naoya Hida & Co.

Year

Circa 2023

Case No. 005 Model Name NH Type 2C Material

Stainless steel

Calibre Manual, cal. 3020CS, 22 jewels Bracelet/Strap Leather Clasp/Buckle Stainless Steel Naoya Hida & Co. pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 75,000–120,000 USD 9,600–15,400 Accessories Accompanied by Naoya Hida & Co. certificate stamped NH Watch Co. Ltd Tokyo dated 13 January 2023, instruction manual, paper folder, fitted presentation box and paper bag.

The present NH Type 2C is made of 904L, rather than the typical 316L, stainless steel for a warmer glow, despite its higher density. It is therefore more challenging to machine. In this third-generation case, the lugs seem to have a more sweeping shape and are slimmer. Meanwhile, the dial is made of German silver which features a lacquer-filled closed chemin de fer minute track. The engraved numerals are exquisite, with a hint of serifs and an open 6 spelling out a language balancing between Art Deco and utilitarian graphic design. In the center, the dial steps down to its final level with a modern logo below 12 almost shy in its size and airy spacing. The hand-polished hands are another highlight of the watch. The hour and minute hands are round in profile while the seconds hand is heat-blued with a downward sweep of its tip towards the brushed minute track. Housed within the sleek 37mm stainless steel case is the Caliber 3020CS, a movement derived from the Valjoux 7750, reengineered without its chronograph function. Although the movement remains hidden behind a solid case back, which was updated in 2022 to a micro-machined screw-in design, it features a newly developed click mechanism that enhances the tactile, vintage-inspired experience of winding the watch. This minimalist configuration reflects the spirit of Japanese independent watchmaking. From 2022 to 2023, the production number of the model totals to 20 pieces only, offered in excellent overall condition, the present timepiece comes with its certificate and is paired with a blue leather strap with ivory lining.

923.

A. LANGE & SÖHNE — An attractive white gold wristwatch with small seconds, blue dial, guarantee and presentation box

朗格，「Saxonia Automatic “Blue series”」型號 380.028，精美，白金自動小三針腕錶，備藍色錶盤，約2021年製。附原裝證書、錶盒、配件 Manufacturer

A. Lange & Söhne

Year

Circa 2021

Reference No. 380.028 Movement No. 115’938 Case No. 234’996 Model Name Saxonia Automatic “Blue series” Material

18K white gold

Calibre Automatic, cal. L086.1, 31 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold A. Lange & Söhne pin buckle Dimensions 38.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Accompanied by A. Lange & Söhne guarantee stamped Cellini Jewelers New York dated November 2021, instruction manual, cloth, fitted presentation box and outer packaging.

Introduced as part of the Blue Series together with the Saxonia Automatic, Lange 1 and Lange 1 Daymatic in 2017, the series features a rich blue dial that united the three. Sized perfectly at 38.5mm and cased in white gold, the dial is crafted form solid silver and grace with solid gold appliques on top of its elegant blue dial. Soft with a beautiful sheen, the guilloché sunken subdial appears to have a darker shade that compliments the tonal elegance of the blue. Providing a power reserve of 72 hours, this Saxonia is powered by the L086.1 calibre with a selfwinding rotor. Consistently attractive, the components such as the balance cock are finished with the highest Germany quality. Offered in excellent condition with crisp hallmarks and engravings, the present watch is accompanied by all its original accessories such as the original certificate, presentation box and outer packaging.

924.

ROLEX — A fine and attractive stainless steel wristwatch with center seconds, blue dial, bracelet, guarantee and presentation box

勞力士，「Oyster Perpetual 39」型號114300，精鋼自動鏈帶腕錶，備藍色錶盤，約2015年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2015

Reference No. 114300 Case No. 908YN729 Model Name Oyster Perpetual 39 Material

Stainless steel

Calibre Automatic, cal. 3230, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 175mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp Dimensions 39mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 38,000–76,000 USD 4,900–9,700 Accessories Accompanied by Rolex international guarantee stamped Chrono-Time Switzerland dated 9 July 2015, product literature, hang tag, 2 additional links, green cardholder, fitted presentation box and outer packaging.

Unveiled at Baselworld 2015, Rolex introduced a new series of Oyster Perpetual models in a variety of case sizes, including 26, 31, 34, and 39mm. Often regarded as one of the simplest yet most charming contemporary offerings from Rolex, the Oyster Perpetual features an Oyster case—a landmark design that would lay the groundwork for many future sports models. Each size came with an array of dial colour options. Dated to circa 2015, the present early example showcases a blue dial which demonstrates a nice contrast with the green accents on the minute track. Offered in excellent condition with its original guarantee, this watch is a smart choice for those who find 39mm as the perfect size for a wristwatch.

925.

ROLEX — A fine and attractive white gold wristwatch with small seconds, black dial, guarantee and presentation box

勞力士，「1908」型號52509，白金小三針自動腕錶，備黑色錶盤，約2024年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2024

Reference No. 52509 Movement No. 9152R3Z1 Case No. 838D13C3 Model Name 1908 Material

18K white gold

Calibre Automatic, cal. 7140, 38 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Rolex deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 95,000–190,000 USD 12,200–24,400 Accessories Accompanied by Rolex guarantee dated 7 February 2024, instruction manual, product literature, hang tag, fitted presentation box, outer packaging and retailer invoice.

Named after the year Rolex was registered in Switzerland, the Perpetual 1908 is a refined and elegant dress watch that marks a new direction for the brand. It is part of the new Perpetual collection, which was introduced to replace the Cellini. The design is very much inspired by the original Oyster Perpetual back in 1931. With a slim 39mm case and a distinctive Divided Bezel (half-fluted-half-doomed), the watch exudes classic sophistication. The dial features Art Deco-style numerals and a small seconds subdial, while the observatory-style hour hand adds a vintage touch. Among the yellow and pink gold variants, the present example stands out with its understated 18K white gold case with its matte black dial. Powered by the new automatic Caliber 7140, the movement is visible through a sapphire caseback, which is a rare feature for Rolex. It includes Rolex’s Syloxi silicon hairspring, something that had been reserved for smaller models e.g. Datejust 31. The present reference marks the first time to use Syloxi in a larger watch and pairing it with its Chronergy escapement. With the 1908, Rolex creates a lasting conversation between its bold beginnings and its refined expertise. Its reflection on the past serves not only as a tribute but also as a clear statement of a new direction for the brand. Accompanied by its full set of accessories, the present 18K white gold example is the first 1908 to be offered at Phillips.

•

926.

ROLEX — A rare and attractive stainless steel wristwatch with center seconds, date, white gold revolving bezel, red date wheel and bracelet

勞力士，「Datejust Turn-O-Graph」型號116264，精細，精鋼自動鏈帶腕錶，備白金錶圈、中心秒針、日期顯示，約2004年製。 Manufacturer

Rolex

Year

Circa 2004

Reference No. 116264 Case No. F893’251 Model Name Datejust Turn-O-Graph Material

Stainless steel and 18K white gold

Calibre Automatic, cal. 3135, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 175mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “CL6”, “72200” Dimensions 36mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 38,000–76,000 USD 4,900–9,700

With a formidable nickname like “Thunderbird”, the Datejust Turn-O-Graph is undeniably a remarkable timepiece that holds a significant place in Rolex history. The “Thunderbird” name comes from the codename of the first supersonic aerobatic team, officially known as the USAF Air Demonstration Squadron, established in 1953. At that time, the Turn-O-Graph ref. 6202 quickly became the team’s watch of choice, which soon gained popularity among civilians. Following its initial release, Rolex continued to introduce new generations of the now-discontinued Thunderbird every decade: The ref. 116264 represents the last iteration before production ended in 2011. This model notably features a fluted bezel, moving away from the sportier design of earlier versions, and bridging the gap between Rolex’s utilitarian and dress watch styles. It introduced various new dial colorways and configurations, including a signature pop of red in the seconds hand and date wheel, distinguishing it from its predecessors and regular Datejust models. As a quintessential Thunderbird, the present ref. 116264 serves as the perfect pilot’s watch, offering versatility, distinct visual appeal, and excellent legibility. Fitted with a charcoal grey dial and paired with an Oyster bracelet featuring a hidden clasp, this timeless piece is a fantastic addition to any serious luxury sports watch collection. THIS LOT IS OFFERED WITHOUT RESERVE

927.

ROLEX — A fine and attractive stainless steel wristwatch with platinum bezel, center seconds, date, bracelet, guarantee and presentation box

勞力士，「Yacht-Master」型號16622，精細，精鋼自動鏈帶腕錶，備鉑金錶圈、中心秒針、日期顯示，約1999年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 1999

Reference No. 16622 Case No. A754’020 Model Name Yacht-Master Material

Stainless steel and platinum

Calibre Automatic, cal. 3135, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 195mm Clasp/Buckle Stainless steel RolexOyster deployant clasp stamped “78760”, “EO2” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 55,000–120,000 USD 7,100–15,400 Accessories Accompanied by Rolex guarantee stamped Chrono-Time, Geneva and dated 11th November 1999, 2000 - 2001 calendar, instructions manual, product literature, leather folio, green leather cardholder, fitted presentation box and outer packaging.

First unveiled at the 1999 Baselworld, the Yacht-Master 40 ref. 16622 quickly gained recognition among luxury sports watch enthusiasts and collectors. Its distinctive design showcases the patented Rolesium, which elegantly combines robust stainless steel with luxurious platinum. Featuring a bi-directional platinum bezel, the raised graduated oversized numerals are polished, offering a striking contrast to the sandblasted finish. Accompanied by a matching dial, this design serves as an ideal backdrop for the large luminous indexes and Mercedes-style hands. The red “Yacht-Master” signature and the seconds hand add a touch of personality to the otherwise clean and sporty dial. Presented in excellent condition, this Yacht-Master ref. 16622 is the quintessential sailing watch, looking majestic both on land and at sea.

928.

AUDEMARS PIGUET — A fine and rare stainless steel chronograph wristwatch with date, grey dial, bracelet, warranty and presentation box

愛彼，「Royal Oak Chronograph 38」型號26715ST. OO.1356ST.02，精鋼自動計時鏈帶腕錶，備灰色錶盤、日期顯示，約2019年製。附原裝證書、錶盒 Manufacturer

Audemars Piguet

Year

Circa 2019

Reference No. 26715ST.OO.1356ST.02 Movement No. AP5152 Case No. RM4485K Model Name Royal Oak Chronograph 38 Material

Stainless steel

Calibre Automatic, cal. 2385, 37 jewels Bracelet/Strap Stainless steel Audemars Piguet bracelet, max length 175mm Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 38mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 195,000–390,000 USD 25,000–50,000 Accessories Accompanied by Audemars Piguet international warranty card, instruction manual, product literature, fitted presentation box and outer packaging.

Audemars Piguet debuted their first Royal Oak Chronograph in 1998 with the reference 25860, featuring the self-winding caliber 2385, derived from Frédéric Piguet’s caliber 1185. At its launch, this movement was notable for being the thinnest selfwinding chronograph ever, with a mere thickness of 5.5mm. In 2019, the reference 26715 was introduced, presenting a more polished and unisex interpretation of the original Royal Oak while maintaining its classic slim profile. Despite superficial similarities, the ref. 26715 comes with a completely revamped three-piece case. The Audemars Piguet Royal Oak Chronograph ref. 26715 on offer showcases an eye-catching grey dial, featuring the brand’s signature Grande Tapisserie pattern, which adds a refined shine that pairs beautifully with the stainless steel case. Presented in excellent overall condition and complete with all accessories, this 38mm timepiece is an ideal option for everyday use.

AUDEMARS PIGUET

Ref. 26715ST, Royal Oak Chronograph 38

929.

PATEK PHILIPPE — An exceptionally rare and important pink gold perpetual calendar chronograph wristwatch with moon phases, black dial, Breguet numeral at 12 o’clock, tachymeter scale, 24-hour, leap year indication, Certificate of Origin, setting pin and presentation box, one of 5 pieces made for the 2015 Patek Philippe Watch Art Grand Exhibition at the Saatchi gallery in London, the only known in Double-factory-sealed

PATEK PHILIPPE

Ref. 3970ER-028, Saatchi Edition, Only Known Double-factory-sealed

929.

百達翡麗，型號3970ER-028，極度罕有精美，玫瑰金萬年曆計時腕錶，備月相、24小時、閏年顯示、黑色錶盤、12點位置寶璣字時標、測速刻度，特為倫敦Saatchi 畫廊舉行之2015年百達翡麗鐘錶藝術大展限量發行 5枚，約2015年製。附原裝證書、調整筆、錶盒 — 已知現存唯一原廠雙封新品 Manufacturer

Patek Philippe

Year

Circa 2015

Reference No. 3970ER-028 Movement No. 3’932’308 Case No. 4’225’349 Material

18K pink gold

Calibre Manual, cal. CH 27-70 Q, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle Watch is double-sealed in its packaging and cannot be determined Dimensions 36mm diameter Signed Case, dial and movement signed Estimate HKD 2,700,000–5,400,000 USD 346,000–692,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Boodles Ltd., UK dated 1st November 2015, leather portfolio with photograph, leather wallet, instruction manual, product literature, fitted presentation box and outer packaging.

Housed in its original Patek Philippe double factory seal, this reference 3970 features a special dial (with dial code 028) and is crafted in gorgeous 18K pink gold. It boasts an exquisite inky black dial adorned with a Breguet numeral at 12 o’clock and an additional tachymeter scale, as confirmed by the Certificate of Origin. This timepiece is the only known double-sealed example to have ever appeared at auction, made specifically for the 2015 Patek Philippe Watch Art Grand Exhibition at the Saatchi Gallery in London, celebrating the brand’s 175th anniversary. With over 400 exceptional timepieces on display, the 2015 Patek Philippe Watch Art Grand Exhibition was the largest overseas exhibition of the brand at that time. To celebrate this significant occasion, Patek Philippe publicly released a selection of previously discontinued pieces with special dials for the first time, reserved exclusively for their most trusted clientele. Today, watches from this landmark exhibition are regarded as trophy pieces due to their rarity and historical significance within Patek Philippe’s legacy. Launched in 1986, the ref. 3970 continued the legacy of the iconic ref. 2499, sharing its downturned fluted lugs and pump pushers reminiscent of historical models. As a modern perpetual calendar chronograph, it introduced several innovations, replacing the Valjoux movement of its predecessors with a heavily modified Lemania cal. 2310 D. The cal. CH 27-70 Q now indicated leap years, while a 24-hour hand added practical functionality. Collectors are especially drawn to the special dials and limited editions. Even after production ended in 2004, Patek continued to create special-order ref. 3970s for prominent clients like Eric Clapton and Michael Ovitz. Besides the Saatchi edition, many of these notable ref. 3970s feature a Breguet numeral at 12 o’clock, a tachymeter scale, and unique case-dial combinations that captivate even the most seasoned collectors. This unique double-sealed example comes complete with its original accessories, including the Certificate of Origin, portfolio, photograph and presentation box. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR

重要歐洲私人收藏

PATEK PHILIPPE

Ref. 3970ER-028, Saatchi Edition, Only Known Double-factory-sealed

WATCHES FROM THE ERNST SCHUSTER COLLECTION

What a gifted collector. What a subtle connoisseur. And what a remarkable man – always, at his core, modest. I’m speaking of Ernst Schuster, born in Würzburg in 1946, a self-made man who left his parents’ farm at 19 to start a new life in Munich, and from there, went on to conquer the world. He was also a passionate racing driver, taking his own Ferraris and Porsches to circuits such as Goodwood, Le Mans, and the Targa Florio. I speak from experience. I first met Ernst Schuster about 40 years ago in the Bavarian capital. At the time, we were both collectors of mechanical wristwatches – namely those by Patek Philippe and Rolex. Even then, those names carried a special allure and set the pulse racing. Looking back, you can only say: he chose wisely. Like me, Ernst turned to watches in the 1960s. He had grown up with them. As a six-year-old, he was entrusted with wearing his brothers’ watches on his wrist when they didn’t want to take them to work. His defining moment as a collector came in the 1970s, the decade of the Quartz Revolution, when traditional tickers were being pushed aside. Only diehards like Ernst – and a few others, myself included – believed in a future for mechanical wristwatches. We weren’t thinking about future value. We bought on instinct, because the watches delighted us. From the very start, Ernst had an unerring eye for pieces others overlooked – and the courage to acquire them on a large scale. At Patek Philippe – then far from enjoying the aura the family manufacture has today – Ernst was a frequent and welcome guest. In the brand’s historic Geneva boutique, he asked to see what no one else wanted, relieving Philippe Stern of stock considered a burden. He was particularly fond of chronographs with perpetual calendars and world-time watches. Neither of us realized at the time that the brand’s 150th anniversary, the Huber & Banbery book (which I had the honor of co-authoring in 1987), the landmark Habsburg-Feldman anniversary auction on 9 April 9 1989, and the commemorative anniversary models would together trigger a lasting turnaround and an explosion in prices. Ernst also foresaw the special appeal of Rolex’s stainless-steel sports watches, including the Daytona with the then-obscure “Paul Newman” nickname. He bought whatever the market offered, and as much as he could. The third great name in his collecting world was Cartier. Here, friendships with fellow connoisseurs, sadly both taken too soon – Eric Nussbaum and Hans Nadelhoffer – played a role. Ernst recognized the magic of design icons such as the Tank and of horological treasures like the famous Mystery Clocks, one of which his friend Gunter Sachs acquired. In this area, as in automobile racing, Ernst was always at least a step ahead – of his time, and of many of his peers. The same was true of fine art. For Ernst, it stood on the same level as watches and cars. That alone explains how Keith Haring, casually and free of charge, adorned the caseback of one of only four stainless-steel Patek Philippe Ref. 1518s – a chronograph with perpetual calendar – with a spurof-the-moment drawing. Ernst later sold the piece for 1.9 million dollars. Today, of course, it would bring many times more.

When asked if he regrets the sale, the 79-year-old answers bluntly: “Yes – just as I regret every watch I’ve ever let pass into someone else’s hands. But that’s life.” Now, more hand-picked examples from Ernst Schuster’s wide-ranging collection are coming to auction at Phillips. Why is he parting with them? My long-time friend reveals with disarming candor – and a mischievous wink: “I am old, in poor health, and I need the money for my care.” Quite simply, there’s no better opportunity to acquire outstanding collector’s watches with authentic stories and renowned provenance. Gisbert L. Brunner

930.

ROLEX — An attractive and “like-new” yellow gold chronograph wristwatch with bracelet, green dial, guarantee and presentation box

勞力士，「Cosmograph Daytona “John Mayer”」型號116508，精細，黃金自動計時鏈帶腕錶，備綠色錶盤，約2019年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2019

Reference No. 116508 Case No. 04’T00’976 Model Name Cosmograph Daytona “John Mayer” Material

18K yellow gold

Calibre Automatic, Cal. 4130, 44 jewels Bracelet/Strap 18K yellow gold Rolex Oyster bracelet, max length 195mm Clasp/Buckle 18K yellow gold Rolex Oyster deployant clasp Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 320,000–640,000 USD 41,000–82,100 Accessories Accompanied by Rolex guarantee stamped Huber Uhren & Schmuck, Vaduz, dated 19 September 2019, instruction manual, product literature, green cardholder, hang tag, fitted presentation box and outer packaging.

The Rolex Daytona reference 116508 was introduced at Baselworld 2016, marking the first time the brand paired its yellow gold case with its distinctive emerald green dial. This iconic combination quickly captured attention for its bold aesthetic and became especially coveted after musician John Mayer publicly endorsed it, elevating the watch to pop culture status and solidifying its reputation as a symbol of luxury and taste. The dial, described as vert foncé, features rich green tones with red accents. It is a clever design that visually balances the closely spaced subdials using bold chapter rings. Housed in an 18K yellow gold case, the watch is powered by Rolex’s in-house calibre 4130, a robust and reliable automatic chronograph movement known for its precision and durability. As of 2023, Rolex has discontinued reference 116508, making it increasingly difficult to acquire through authorised channels. The present example is offered in excellent condition, with protective stickers still intact on the upper right caseband and crown guards. Accompanied by its original guarantee and presentation box, it presents a rare opportunity to own a discontinued and highly sought-after modern classic from Rolex’s Daytona lineage.

931.

ROLEX — A fine, attractive and very well-preserved white gold chronograph wristwatch with bracelet, guarantee and presentation box

勞力士，「Cosmograph Daytona」型號116509，精細，白金自動計時鏈帶腕錶，約2005年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2005

Reference No. 116509 Case No. D152’958 Model Name Cosmograph Daytona Material

18K white gold

Calibre Automatic, cal. 4130, 44 jewels Bracelet/Strap 18K white gold Rolex Oyster bracelet, max length 200mm Clasp/Buckle 18K white gold Rolex Oyster deployant clasp stamped “MA3” and “78499” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 95,000–190,000 USD 12,200–24,400 Accessories Accompanied by Rolex guarantee stamped Huber Uhren Schmuck, Vaduz dated August 2005, instruction manual, product literature, 2005 and 2006 calendar card, green cardholder, fitted presentation box and outer packaging.

Introduced in 2000 alongside its stainless steel counterpart ref. 116520, the Rolex Cosmograph Daytona ref. 116509 features the upgraded and Rolex’s first ever in-house selfwinding chronograph movement cal. 4130. Hefty, steady and robust, the present Rolex Cosmograph Daytona ref. 116509 encased in 18K white gold with bracelet is certainly a luxurious touch to the renowned tool watch. Fitted with an attractive black dial with red accents and applied Arabic numerals, the dial is sporty and reflects the flying colors on the famous race track, Daytona circuit. Offered in very well-preserved condition and with protective sticker and green sticker on the caseback, the present example from circa 2005 is complete with its accessories and a great chance for collectors to acquire this discontinued variant of the reference.

932.

PATEK PHILIPPE — A rare and attractive platinum wristwatch with small seconds, diamond-set hour markers, ivory-white dial and presentation box

百達翡麗，「Calatrava」型號3893，精細罕有，鉑金小三針腕錶，備象牙白錶盤、鑽石時標，1988年製。附後補證書、錶盒 Manufacturer

Patek Philippe

Year

1988

Reference No. 3893 Movement No. 1’813’781 Case No. 2’849’371 Model Name Calatrava Material

Platinum

Calibre Manual, cal. 215 PS, 18 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by Patek Philippe fitted presentation box and outer packaging. Delivered with Patek Phillipe Extract from the Archives confirming the date of manufacture of the present timepiece in 1988 and its subsequent date of sale on 24th October 1988.

The Patek Philippe ref 3893 is a understated model among Patek Philippe’s Calatrava collection launched in the 1980s. This exquisite two-piece case reference was primarily produced in yellow and white gold, with the latter being rarer. Two dial variations are recognized: the elegant ivory and the striking white sector dial. This particular model stands out even more, as it is cased in the noble metal platinum. The dial boasts a stunning ivorywhite hue, complemented by immaculate dauphine hands. Its simplicity is one of its most captivating features; the clean lines and uncluttered layout allow the beauty of the materials and craftsmanship to shine through. What truly elevates this watch is its remarkable rarity—the 12 diamond hour markers that set it apart from the rest. Our research indicates that this is not only the first platinum piece of its kind to emerge on the market but also the only one featuring diamond-set hour markers in this specific configuration. Manufactured in 1988 confirmed by the Extract from the Archives, this presents an extraordinary opportunity for collectors to acquire a truly special timepiece. The understated elegance of the design perfectly balances sophistication with practicality, making it a timeless addition to any collection.

933.

PATEK PHILIPPE — A fine and attractive pink gold wristwatch with small seconds, ivory dial and presentation box

百達翡麗，「Calatrava」型號3796，玫瑰金小三針腕錶，備象牙色錶盤，1989年製。附後補證書、錶盒 Manufacturer

Patek Philippe

Year

1989

Reference No. 3796 Movement No. 1’817’003 Case No. 2’867’959 Model Name Calatrava Material

18K pink gold

Calibre Manual, cal. 215 PS, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 31mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 48,000–96,000 USD 6,200–12,300 Accessories Accompanied by Patek Philippe fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1989, and its subsequent sale date on 29 January 1990.

The present ref. 3796 in pink gold measures 31mm, a modest size that is enhanced by elongated, gently curved lugs, giving it a more prominent wrist presence than its dimensions suggest. The case is beautifully finished, with polished lugs and a satin-brushed caseband and caseback, reflecting the brand’s meticulous attention to detail. Its ivory dial carries a soft, creamy shimmer that complements the warmth of the pink gold baton hour markers, dotted minute track, and sharp dauphine hands. The dial is tastefully restrained, bearing only “PATEK PHILIPPE GENÈVE” and “SWISS” flanked by Sigma symbols, which denote the use of solid gold on the hands and hour markers. The crown is adorned with the Calatrava cross, a signature emblem of the brand. Inside, the watch is powered by the manual calibre 215 PS, where “PS” stands for Petite Seconde (which means “small seconds”). This ultra-thin movement is just 21.9mm in diameter and 2.55mm thick. Offered in excellent overall condition, the present fresh-to-the-market example from 1989 is accompanied by its presentation box and further supported by its Extract from Archives.

934.

PATEK PHILIPPE — A rare and attractive yellow gold perpetual calendar wristwatch with moon phases, leap year, 24-hour indication and presentation box

百達翡麗，型號3940J「Second Series」，罕有，黃金自動萬年曆腕錶，備月相、閏年、24小時顯示，1989 年製。附後補證書、錶盒 Manufacturer

Patek Philippe

Year

1989

Reference No.

3940J, Second Series

Movement No. 771’849 Case No. 2’866’838 Material

18K yellow gold

Calibre Automatic, cal. 240Q, 27 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Patek Philippe instruction manual, product literature, leather folio, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1989 and its subsequent sale date on 20 December 1989.

The Patek Philippe ref. 3940 is widely regarded as one of the brand’s most elegant and technically refined perpetual calendar watches. Introduced in 1985 and produced until 2007, it was crafted exclusively in precious metals and powered by the ultra-thin automatic calibre 240Q, which gives rise to the 9mm thickness of the case. With its relatively small 36mm case and beautifully balanced dial layout, the ref. 3940 embodies a timeless aesthetic that bridges vintage charm and modern sophistication. Collectors admire ref. 3940 not only for its technical merit but also for its historical significance, as it was the personal choice of Philippe Stern, former president of Patek Philippe. The model was produced in three series across four precious metals: 18K yellow, pink, and white gold, as well as platinum. Today, it remains a grail piece for many enthusiasts, praised for its understated sophistication and enduring value. The present fresh-to-the-market, yellow gold example dates to 1989 and is offered in excellent overall condition. It is also worth to note that it is a later second-series example, which can be distinguished by the cross divider on the leap year indicator and the Swiss sigma printed below the outer minute track. It is accompanied by its original accessories and further supported by an Extract from the Archives, confirming its authenticity and provenance.

935.

PATEK PHILIPPE — An early and fine yellow gold tonneau-shaped perpetual calendar wristwatch with Breguet numerals, moon phases, 24-hour, leap year indication, setting pin, additional sapphire caseback, and presentation box

型號5040J「First Series」，精細罕有，黃金自動萬年曆腕錶，備寶璣字時標、閏年、月相、24小時顯示，1992年製。附原裝錶盒、備用底蓋、調整筆、後補證書 Manufacturer

Patek Philippe

Year

1992

Reference No.

5040J, First Series

Movement No. 773’559 Case No. 2’923’365 Material

18K yellow gold

Calibre Automatic, cal. 240 Q, 27 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 43mm length x 35mm width Signed Case, dial, movement and buckle signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Patek Philippe instruction manual, product literature, setting pin, additional sapphire caseback, leather folio, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1992 and its subsequent sale date on 16 December 1992.

Launched in 1992, the Patek Philippe reference 5040 perpetual calendar exemplifies the brand’s long-standing mastery in crafting some of the world’s most remarkable perpetual calendar wristwatches, a tradition that dates back to the 1950s. The tortue shape, which gained popularity in the early 20th century, exudes elegance and sophistication. Inspired by the silhouette of a turtle, this model marked Patek Philippe’s first use of this distinctive monobloc case design in a perpetual calendar. In production until 2007, the series has been categorized by collectors into three series: 1st Series: produced until 1998 bears movement 77X’XXX (The present example) 2nd Series: produced until 2005 bears movement 3’12X’XXX 3rd Series: produced until 2007 bears movement 3’67X’XXX The reference 5040 was crafted in 18K yellow, white, and pink gold, as well as platinum. This particular early yellow gold fresh-to-the-market example dating back to 1992 is in attractive condition. Offered along with its original accessories and Extract from the Archives, it presents a remarkable opportunity for connoisseurs of fine horology to acquire a often undervalued perpetual calendar wristwatch from the esteemed Patek Philippe collection.

936.

PATEK PHILIPPE — A highly important, fresh-to-the-market, yellow gold perpetual calendar chronograph wristwatch with moon phases

PATEK PHILIPPE

Ref. 1518

936.

PATEK PHILIPPE — A highly important, fresh-to-the-market, yellow gold perpetual calendar chronograph wristwatch with moon phases

百達翡麗，型號1518，十分重要罕有，黃金萬年曆計時腕錶，備月相顯示，1949年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1949

Reference No. 1518 Movement No. 867’759 Case No. 661’077 Material

18K yellow gold

Calibre Manual, cal. 13’’’, 23 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 35mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 2,800,000–5,600,000 USD 359,000–718,000 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1984 confirming its production. Delivered with Patek Philippe Extract from the Archives dated 1990 and 2025 confirming the date of manufacture of the present timepiece in 1949 and its subsequent date of sale 29th August 1951.

The Patek Philippe 1518 is not merely a watch; it is a masterpiece that epitomizes the pinnacle of horological artistry. Introduced in 1941, this remarkable timepiece was the world’s first perpetual calendar chronograph wristwatch produced in series. Its intricate design seamlessly blends functionality with elegance, showcasing a harmonious balance of beautifully crafted dials featuring moon phases, date displays, and chronograph counters, all housed within a stunning case. As the progenitor of Patek Philippe’s perpetual calendar chronograph lineage, the design DNA of the ref. 1518 can be observed in subsequent references such as the 2499, 3970, 5970, and today’s 5270. This model set the stage for the manufacturer’s enduring legacy as the premier producer of complicated wristwatches. With only 281 examples produced during its 13-year run, the ref. 1518 is exceptionally rare, featuring the iconic square pushers and a traditional Calatrava-inspired case with thin, elegant elongated lugs reminiscent of the stylistic period of the 1940s. The present example, crafted in yellow gold and dated 1949 as confirmed by the Extract from the Archives, is fresh-to-themarket and preserved in excellent overall condition.

The dial surface is remarkably clean, free of blemishes, and all elements of the dial remain well-preserved. It features the correct short signature, marking the transition that began around 1948, along with updated cuts on the two apertures seen in the late second series of the ref. 1518. The case is made by none other than Emile Vichet (Key Number 9), a Geneva specialist known as the go-to case maker for Patek Philippe during this era. The case is in appealing condition, showcasing thick and balanced lugs with a deep hallmark beneath the lug. Having rested for the past few decades in a distinguished collection, this example shows attractive signs of patina, particularly around the pushers and behind the lugs. The significance of this reference 1518 cannot be overstated; it is a horological treasure representing Patek Philippe’s legacy in perfecting complications. It is sure to be the centerpiece of any vintage watch collection.

PATEK PHILIPPE

Ref. 1518

937.

PATEK PHILIPPE — A very fine and well-preserved yellow gold perpetual calendar wristwatch with moon phases

百達翡麗，型號1526，精美罕有，黃金萬年曆腕錶，備月相顯示，1948年製。附後補證書 Manufacturer

Patek Philippe

Year

1948

Reference No. 1526 Movement No. 962’261 Case No. 652’014 Material

18K yellow gold

Calibre Manual, cal. 12’’’120, jewelled Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 34mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 640,000–1,280,000 USD 82,100–164,000 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1982 confirming its production. Delivered with Patek Philippe Extract from the Archives dated 1990 and 2025 confirming production of the present watch in 1948 and its subsequent sale on 12th April 1949.

Patek Philippe’s groundbreaking reference 1526 is a landmark model, being the very first serially produced perpetual calendar wristwatch. Launched in 1941 and in production until 1952, it set a new standard for the brand and established benchmarks for future perpetual calendar references. The apparent simplicity of the case and dial belies the intricately complicated movement, which mechanically calculates the length of each month throughout the year while also accounting for leap years. During its production run, only 210 pieces of the reference 1526 were made, with the vast majority in yellow gold, a very limited number in pink gold, and only one known example in steel. The case was crafted by Emile Vichet, renowned for making the legendary cases of the ref. 1518 and many of the early series ref. 2499. This particular example in yellow gold is very well-preserved and features an attractive dial with minimalist Arabic numerals. The case is equally impressive, displaying crisp hallmarks on the caseband and beneath the lug. Its surface has developed a lovely layer of patina from aging, suggesting that this beautiful timepiece has been kept in a safe for an extended period. The watch is further accompanied by a confirmation letter from Patek Philippe from the 1980s, along with two Extracts from the Archives dated 1990 and 2025, confirming its provenance and details. A truly important timepiece, it will appeal to collectors seeking not only a well-preserved and extremely rare specimen but also one of the first perpetual calendar wristwatches ever made.

PATEK PHILIPPE

Ref. 1526

938.

PATEK PHILIPPE — A fine and attractive stainless steel rectangular wristwatch and small seconds and two-toned silvered dial

百達翡麗，型號407，精鋼長方形小三針腕錶，備雙色錶盤，1937年製。附後補證書 Manufacturer

Patek Philippe

Year

1937

Reference No. 407 Movement No. 831’513, on the side stamped “037” Case No. 504’037 Material

Stainless steel

Calibre Manual, cal. 9’’’90, 18 jewels Bracelet/Strap Leather Clasp/Buckle Stainless steel pin buckle Dimensions 20mm width x 36mm length Signed Case, dial and movement signed Estimate HKD 32,000–64,000 USD 4,100–8,200 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1985 confirming its production, and post-service confirmation of returning the present timepiece stamped Patek Philippe S.A. dated 1 July 1985. Further delivered with Patek Philippe Extracts from the Archives from 1990 and 2025 confirming the date of manufacture of the present timepiece in 1937 with silvered dial and its subsequent date of sale on 6 October 1937.

The ref. 407 was introduced in 1936, 4 years after the Stern Brothers acquired Patek Philippe when the maison was amidst financial distress under the Great Depression. Its silhouette might remind one of the Gondolos as it also features a rectangular case that evokes the angular aesthetic of Art Deco architecture and decorative arts. The present example features a handsome two-toned silvered dial with white minute track and small seconds. It priorities proportion, finishing and heritage over overt technical complexity. Inside the stainless steel case houses an illustrious manual 9’’’90 movement, which was in use for over 40 years. The tonneau-shaped movement, introduced in 1934, was fitted into many other iconic models, such as the “Banana” (ref. 2442), the “Eiffel Tower “ (ref. 2441), and the “Tegolino” (ref. 425). This present vintage example embodies class, rather than seeking attention. Even though it was designed and made over almost 90 years ago, it stands the test of time and remains a wearable watch today. It also has a thoughtful slightly curved back which ensures comfort of the wearer. Offered in excellent condition along with two Extracts from the Archives, this fresh-to-the-market timepiece is for collectors looking for understated elegance.

939.

PATEK PHILIPPE — A fine and attractive pink gold rectangularwristwatch with fancy lugs, two-tone pink dial and small seconds

百達翡麗，型號1480，玫瑰金長方形小三針腕錶，備雙色玫瑰金錶盤，1943年製。附後補證書 Manufacturer

Patek Philippe

Year

1943

Reference No. 1480 Movement No. 836’198 Case No. 508’780 Material

18K pink gold

Calibre Manual, cal. 9’’’90, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 41mm length x 23mm width Signed Case, dial, movement and buckle signed Estimate HKD 48,000–96,000 USD 6,200–12,300 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1987 confirming its production. Delivered with Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepiece in 1943 and its subsequent date of sale on 18 November 1943.

Ref. 1480 was introduced in 1940 and remained in production until at least 1949, crafted in 18K yellow or pink gold, as seen in the present example. It is distinguished by its thick, flat crystal and modern post-Art Deco design, characterized by overhanging edges and prominent lugs. Collectors often refer to it as the “twin lugs” model due to the distinctive dual-lug structure. Between the 1930s and 1950s, Patek Philippe produced a wide array of rectangular-cased watches. These were fitted with either round movements or, more notably—as in the present example—the exquisite rectangular “tonneau” calibre 9’’’90, which remained in use until the 1960s. The case of this watch, marked with key number 5 on the caseback, was made by Geneva master casemaker Georges Croisier. The two-toned dial, likely crafted by Stern Frères, features an engraved-enamelled signature along with a small seconds. While the center dial is in pink champagne, the outer dial and small seconds subdial are more copperish. Dating to 1943, this early piece retains the elongated signature on the dial, a detail that was shortened in later models from 1948 onward. Remarkably well-preserved despite its 82-year age, this timepiece is offered with its Extract from the Archives and remains in excellent overall condition.

940.

PATEK PHILIPPE — A fine and rare yellow gold tonneau-shaped wristwatch with Breguet numerals

百達翡麗，精細獨特，黃金酒桶形腕錶，備寶璣數字時標，1911年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1911

Movement No. 169’648 Case No. 606’108 Material

18K yellow gold

Calibre Manual, cal. 10’’’, lever escapement Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 35.5mm length x 26.5mm width Signed Case, dial, movement and buckle signed Estimate HKD 24,000–32,000 USD 3,100–4,100 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1988 confirming its production and service invoice dated 20th December 1983. Further delivered with 2 Patek Philippe Extract from the Archives confirming the manufacture date of the present timepiece in 1911, its subsequent sale date on 5th December 1916 and the case and dial were changed during a servicing in Patek Philippe in 1927.

When the tonneau-shaped wristwatch was introduced around 1904, it was one of the most unusual and striking models on the market. Patek Philippe particularly excelled in producing these early wristwatches, showcasing daring and imaginative designs, such as oversized Arabic numerals on the dial. This design marked a clear aesthetic departure from pocket watches, as the tonneau, or “barrel”-shaped wristwatch fitted comfortably on the wrist, unlike the flat round surfaces of converted pocket watches. This specific example exemplifies the 1920s aesthetic beautifully. According to the accompanying Extract from the Archives, the watch was originally crafted in white gold in 1911. During servicing at a Patek Philippe workshop in 1927, the case and dial were changed to the current elegant yellow gold case and dial featuring refined Breguet numerals. The dial stands out as remarkably modern even today, and the Patek Philippe & Co signature on the caseback is sharp and legible, attesting to the excellent condition of the case. The dial itself is exceptionally well-preserved, having endured the elements for over 90 years. The service invoice that accompanies the watch indicates that it was serviced in Patek Philippe in 1983, along with the purchase of a new buckle. Only a handful of tonneau-shaped Patek Philippe watches have resurfaced over the years, and this particular piece has remained in the same collection for over 40 years, complete with all paperwork that details its provenance.

941.

PATEK PHILIPPE — A very rare and well-preserved yellow gold wristwatch with small seconds and engraved caseback

百達翡麗，型號484，黃金小三針腕錶，備刻紋底蓋， 1930年製。附後補證書 Manufacturer

Patek Philippe

Year

1930

Reference No. 484 Movement No. 825’980 Case No. 613’662 Material

18K yellow gold

Calibre Manual, cal. 10’’’, 18 jewels Bracelet/Strap Leather Clasp/Buckle

18K yellow gold Patek Philippe pin buckle

Dimensions 29mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 24,000–40,000 USD 3,100–5,100 Accessories Accompanied by Patek Philippe S.A. service invoice dated 18 December 1991, Tiffany & Co., Zurich service invoice dated 7 January 1992 and photograph. Further delivered with Patek Philippe Extract from the Archives dated 1994 and 2025 confirming the date of manufacture of the present timepiece in 1930 and its subsequent date of sale 17 May 1937.

While ref. 96 is round with simple lugs, the ref. 484 is distinguished by its interesting semi-hooded lugs. As with other 1930s Patek Philippe models, the ref. 484 is extremely, extremely rare. To the best of our knowledge, only 4 examples has appeared publicly in the market. The caseback of the present example bears an engraved motif reading “H P MI III,” while the inner caseback is inscribed with “H.P. McIntosh III” and “BOOTH ROAD MENTOR OHIO.” Based on our research, the “H.P. McIntosh III” we are referring here is possibly the original owner of the watch while Booth Road, Mentor could be his family address at the time. He might be the eldest son of Henry P. McIntosh Jr., the president of Guardian Savings Trust Co. in 1901 (the bank is now known as Guardian Savings Bank). The timepiece was very likely a commissioned piece, with the personalized engraving on the caseback added post-production. The case of the present example was crafted by Wenger, one of Patek Philippe’s most trusted case makers of the era. Identified by the Geneva key number 1 hallmark inside the caseback. Despite its age of 95 years, the present example remains in excellent overall condition. It was last serviced in late 1991 and is further supported by two Patek Philippe Extracts from the Archives, underscoring its authenticity and provenance.

942.

PATEK PHILIPPE — An exceedingly important, attractive and well-preserved yellow gold wristwatch with two-tone silvered sector dial, the only known example with center seconds

It’s always a magical moment when a significant vintage Patek Philippe enters the auction market. While the brand has produced many milestone references throughout its history, the example we present here is truly remarkable. The reference 130 is one of the most storied and researched models crafted by Patek Philippe, first released in 1934 and remaining in production until at least 1964. A legacy watch from the golden age of horology, this piece embodies the essence of traditional watchmaking and the refined elegance of Patek Philippe. This specific example is identified as the earliest ref. 130 by its case number (609’839) and may be the first ever made, potentially serving as a prototype for the subsequent monopoussoir chronograph iterations. Unlike other examples, this watch lacks a chronograph function and features a sweep center seconds hand, which may be unique according to our research. Some of the earliest 130s were custom ordered, and during the brief period from 1934 to 1936, time-only versions like this one were produced before Patek Philippe introduced the Valjoux-inspired caliber 13-130 in 1936. Known ref. 130 time-only examples only exist in yellow gold, with just one displaying a sweep center seconds (the present watch) and another with small seconds. Its case is derived from the Bauhaus-designed reference 96, produced in various styles and metals, epitomizing elegance on the wrist and representing the pinnacle of wristwatch design in the 1930s. Made by Emile Vichet (Key Number 9), a renowned Geneva case maker for Patek Philippe during this period, the case design features a three-part construction with a snap-on bezel and caseback. Two French “owl” import hallmarks are visible on the back of the lugs and inside the caseback, along with the “Fab Suisse” mark for watches imported into France and the oval J G & Cie retailer’s mark for Jean Guillermin, the exclusive French Patek Philippe importer located in Place Vendôme. The first sector dials of the ref. 130 from Patek Philippe appeared around 1934 and became standard on most ref. 130 chronographs by 1936. The dial, crafted by Stern Frères, features a rare and attractive two-tone silvered sector design with four raised gold indexes at the quarters, along with entirely engraved enamel signature and scales. The two sectors are circularly brushed, indicating hours and minutes on one and seconds with one-fifth of a second precision on the other.

PATEK PHILIPPE

The Only Known, Ref. 130, “Sector Dial”

942.

PATEK PHILIPPE — An exceedingly important, attractive and well-preserved yellow gold wristwatch with two-tone silvered sector dial, the only known example with center seconds

百達翡麗，型號130，極度精美，黃金腕錶，備「twotone sector」錶盤，機芯1924年製，約1935年完成。附後補證書 — 目前已知唯一中心秒針及非計時範例 Manufacturer

Patek Philippe

Year

Movement 1924; Cased circa 1935

Reference No. 130 Movement No. 201’534 Case No. 609’839 Model Name “Sector Dial” Material

18K yellow gold

Calibre Manual, cal. 12 SC, jewelled Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 31.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 780,000–1,560,000 USD 100,000–200,000 Accessories Accompanied by Patek Philippe service invoice dated 29th September 2022, a research study booklet of the present watch. Further delivered with Patek Philippe Extract from the Archives confirming the sweep center seconds hand, silvered dial, the present timepiece’s movement’s date of manufacture in 1924 and its subsequent date of sale on 31st December 1935.

Bearing a serial number of 201’534, this calibre 12 SC was made in 1924, as confirmed by the Extract of the Archives. The movement is modified from a LeCoultre ébauche, showcasing a gilt finish typical of pre-1936 models, with the baseplate stamped with the Geneva seal. Presented in impeccably restoration to preserve its condition, this top-quality intervention offers both aesthetic and practical benefits, returning the watch to its original manufacturing standards for enjoyment. The dial was likely refinished in the 1980s and has recently been lightly cleaned and coated with a new “zapon” finish. Although the case has been polished over the years, it retains strong proportions and clear hallmarks. In 2022, the movement underwent a documented major overhaul and restoration by Patek Philippe, costing over 20,000 Swiss Francs. This stunning and likely unique reference 130 is undoubtedly a key piece in the history of both the model and Patek Philippe, making it an exceptional and wearable vintage grail for avid collectors. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR 重要歐洲私人收藏

PATEK PHILIPPE

The Only Known, Ref. 130, “Sector Dial”

943.

PATEK PHILIPPE — A highly important, well-preserved and rare yellow gold openface one-minute tourbillon by James C. Pellaton keyless pocket watch with up down indication and amber-colored enamel dial, awarded First Prize at the Geneva Astronomical Observatory

With the advent of pocket and deck chronometers following Britain’s Longitude Act of 1714, which set forth specifications and a monetary reward for anyone that executed a practical, reliable and precise instrument to determine a ship’s longitude at sea, observatory testing has become an integral part of the horological world. The challenge was ultimately met by John Harrison (1693-1776) whose H4 “sea watch” became the standard and provided an accurate method for determining longitude, allowing for safer seafaring. Mechanical timepieces, in particular chronometers, are highly accurate and the stringent observatory testing helps manufacturers maintain the highest possible standards. By the 19th century, observatories, such as the Swiss Observatories in Neuchâtel and Geneva, and the Kew Observatory in the UK, were holding “time contests” to scientifically judge these precision timepieces. Through the Bulletin de marche, rating certificates were awarded based on overall performance and it is within this milieu that brands such as Patek Philippe entered watches for competition. Today the Swiss Contrôle Officiel Suisse des Chronomètres, formed in 1973, tests movement for 15 days in five positions and three different temperatures and issues a certificate if the movement meets their exacting standards. A chance to acquire the best of the best, timepieces awarded the First Prize deserves a special place in a seasoned collector’s possession. Patek Philippe began tourbillon production in the early 1860s with the first known, number 25’298, manufactured in 1864. It is believed that they have produced approximately 100 tourbillon regulators with majority crafted by Le Locle based tourbillons and chronometers master watchmaker, A. PellatonFavre (1832–1914). According to our research, himself alone built approximately 82 tourbillons. Inheriting exceptional talent, his second generation, James C. Pellaton (1873-1954) also developed distinct reputation as one of the most accomplished watchmakers of the early twentieth century. He apprenticed under his father and dedicated his career to developing tourbillons. Together they produced 35 tourbillons for Patek Philippe. An influential watchmaker, Pellaton went on to become the director of the Le Locle watchmaking school and continued to his legacy by producing and mentoring student, earning the reputation as the foremost tourbillon maker of the time. His distinct tourbillon carriage design can be seen on the present lot. A marvel crafted by James Pellaton, this highly rare Patek Philippe one-minute tourbillon pocket watch with up/down indicator movement numbered 197’585 won its distinction in 1921 with First Prize at the Geneva Astronomical Observatory competing in Category B with a total of 815 points. In order to win first class, the watch had to be of exceptional quality and while from the outside the pocket watch looks classic and sublime, the movement is a mechanical marvel with a one-minute tourbillon carriage with Guillaume balance and Breguet balance spring.

PATEK PHILIPPE

Tourbillon First Prize, Movement No. 197’585

943.

百達翡麗，極度重要，黃金天文台競賽陀飛輪懷錶，備「Extra」卓越級機芯、動力儲存顯示、琺瑯錶盤、製錶大師James C. Pellaton陀飛輪框架，1921年獲頒日內瓦天文台競賽頭獎，1921年製。附後補證書、天文台競賽後補文件 Manufacturer

Patek Philippe

Year

1921

Movement No. 197’585 Case No. 410’068 Material

18K yellow gold

Calibre Manual, cal. 22’’’, 18 jewels Dimensions 60mm diameter Signed Case, dial, movement and cuvette signed Provenance Sotheby’s, Important Watches, Wristwatches and Clocks New York, 8-9 February 1999, lot 588 Estimate HKD 800,000–1,600,000 USD 103,000–205,000 Accessories Accompanied by Extracts from Service Chronometrique de l’ Observatorie de Geneve. Delivered with Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepieces in 1921 and its subsequent date of sale on 26th July 1926. Literature The records of the present timepiece is documented in the Das Tourbillon, by Reinhard Meis, p 284

Very few Patek Philippe watches carry the double engraved “Extra” quality designation and it would be for such a “timing contest” that the manufacturer would use such movements. A second name associated with this extraordinary timepiece is J. Golay-Audemars, the celebrated master adjuster, who was responsible for preparing the watch for competition. In addition to being a prize winner, this pocket watch displays a beautiful double sunk amber-colored enamel dial similar to the one manufactured by Willis and also called “venetian tint” by the English collectors. Notably, the up/down indicator used in a tourbillon pocket watch is only known in one other Patek Philippe, no. 174720, made for one of the firm’s most famous patrons, James Ward Packard. In addition to the up/down function, Mr. Packard’s watch included a two train minute repeating mechanism. Similar to the present watch, the carriage for the Packard watch was also constructed by James Pellaton. However, it is interesting to note that the Packard watch had a smaller movement measuring only 19 lignes whereas the present watch has a movement measuring 22 lignes. Making the present example one of the largest tourbillon watches produced by Patek Philippe with this complication.

Stowed away in a private collection for nearly 26 years, this prized example is extremely well-preserved. Their importance are highly regarded to their makers for its significance in horological contribution, and are typically inaccessible. Presenting a highly rare opportunity, the present rare bird is one of 100 exceptional watches by Patek Philippe in the era made available to the public.

PATEK PHILIPPE

Tourbillon First Prize, Movement No. 197’585

944.

DENT — A mechanically complex and very fine yellow gold minute repeating perpetual calendar splitseconds chronograph hunter-cased pocket watch with enamel dial, moon phases and leap year indication

Dent，十分精細，黃金三問追針計時萬年曆獵殼懷錶，備琺瑯錶盤、月相、閏年顯示，約1900年製。 Manufacturer

Dent

Year

Circa 1900

Movement No. 32102 Case No. 32102 Material

18K yellow gold

Calibre Manual, 19” gilt brass three quarter plate English lever movement, 26 jewels Dimensions 55mm diameter Signed Case with London hallmarks for 1900, stamped RN, dial signed “Dent, 32 Cockspur St, London”, movement signed “Dent, 32 Cockspur Street, Watchmaker to the Queen, London”. Case, cuvette, dial and movement numbered. Provenance Antiquorum, Important Watches, Wristwatches and Clocks, Geneva, October 1989, lot 423 Estimate HKD 320,000–640,000 USD 41,000–82,100

At the turn of the 20th century, no nation rivalled Great Britain in its watchmaking artistry. From the late 19th century into the Edwardian age, British workshops produced works of unrivalled complexity and beauty, today treasured by collectors for both their rarity and their innovation. The present example, a Dent “Grande Complication”, unites a minute repeater, split-seconds chronograph, and perpetual calendar with moon phases in a 18K yellow gold hunter-cased pocket watch. A few similar examples sold by Phillips recently:

horological prestige, with premises at 33 Cockspur Street, as inscribed on the dial of the present watch. The movement is supplied by Nicole Nielsen & Co. and further engraved with the address along with “Watchmaker to the Queen, London”.

Founded in 1814 by Edward J. Dent, the company became synonymous with precision and innovation during the great age of Victorian expansion. Dent chronometers navigated Royal Navy vessels and guided explorers across uncharted worlds. In 1852, the firm constructed the Standard Clock at the Royal Observatory, Greenwich, the reference for “Greenwich Mean Time” (GMT), regulating the Empire until replaced in 1946. Dent also built perhaps the most famous clock of all: the Great Clock of the Palace of Westminster, universally known as “Big Ben”.

Hallmarked in London for 1900 with casemaker sponsors mark “RN” for Robert North, its case is fitted with a slide at 6 o’clock activating the repeater, striking the hours, quarters, and minutes on two gongs. The split‑seconds chronograph, controlled by dual pushers at 11 and 1 o’clock, records elapsed time via a 60‑minute counter at 12 o’clock, ingeniously integrated with leap-year and month indications. The white enamel dial, crafted by the eminent dial‑maker Frederick Willis, exemplifies the highest standards of the age. Roman numerals encircle subsidiary dials displaying the day, month, and date, alongside running seconds, moon phases, and the lunar cycle. Willis’ work was sought by Britain’s finest makers and reserved for their most important creations.

Dent’s reputation brought Royal Warrants from Queen Victoria, Prince Albert, and successive monarchs, extending to the Russian Tsars and the Japanese Emperor Meiji. By the dawn of the 20th century, Dent occupied a central place in British

Unseen publicly since it last appeared at auction in 1989, this well-preserved Dent Grande Complication is an exceptionally collectible timepiece that embodies the inventive spirit of British horology.

Lot 90, June 9 2024, NY, signed S. Smith & Sons, US$139,700 Lot 139, May 11 2025, Geneva, signed Nicole Nielsen, CHF53,340 Lot 87, June 8 2025, NY, signed Wright & Craighead, US$76,200

DENT

Grande Complication, No. 32102

945.

CARTIER — A highly rare, large, and unusually shaped yellow gold rectangular wristwatch

卡地亞，「Coussin Bamboo “Jumbo”」型號 78102，精細罕有，黃金腕錶，約1978年製。 Manufacturer

Cartier

Year

Circa 1978

Reference No. 78102 Case No. 0279 Model Name Coussin Bamboo “Jumbo” Material

18K yellow gold

Calibre Manual, cal. 78-1, 17 jewels Bracelet/Strap Ostrich Clasp/Buckle 18K yellow gold Cartier deployant clasp Dimensions 28.2mm width x 36.4mm length Signed Case, dial, movement and clasp signed Estimate HKD 400,000–800,000 USD 51,300–103,000

Few designs capture the daring spirit of Cartier’s 1970s era as vividly as the Coussin “Bamboo.” With its sculptural, organic lines and boldly textured surfaces, the model draws inspiration from natural forms, reinterpreted through the Maison’s unmistakable lens of Parisian elegance. The present example is the elusive Jumbo variant—an oversized interpretation of the classic Coussin Bamboo—crafted entirely in 18K yellow gold. The deeply grooved bezel and lugs emulate the segmented rhythm of bamboo stalks. The square-shaped case perfectly balances audacity with refinement, evoking the free-spirited aesthetic that defined the 1970s Cartier design language. According to scholars, only 250 pieces were produced, to the best of our knowledge, only 11 examples in yellow gold and 1 example in white gold has publicly surfaced in the auction market. Its minimalist white dial signed Paris consistant with all known examples features the classic blued steel hands. Powering the watch is Cartier’s reliable, hand-wound caliber 78-1. The manually wound engine underscores the watch’s period authenticity and its emphasis on discreet, elegant mechanics. Preserved in beautifully crisp condition with deeply defined gold fluting, this Jumbo Coussin “Bamboo” offers both rarity and sculptural beauty. Cartier’s shaped watches—especially those from the 1960s and 70s—have gained a cult following among collectors for their unconventional charm, limited production, and uncompromising design. Seldom seen in this oversized format, the present watch is not merely a relic of Cartier’s past, but a wearable piece of design history—bold, whimsical, and enduringly stylish. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

CARTIER

Coussin Bamboo “Jumbo”

946. .

CARTIER — A highly rare and well-preserved limited edition platinum wristwatch with jumping hours, certificate and presentation box, numbered 71 of a limited edition of 150 pieces, made to commemorate Cartier’s 150th anniversary

卡地亞，「Tank à Guichets CPCP」型號A114439，十分罕有，限量版鉑金數字跳時腕錶，特為卡地亞150週年限量發行150枚，編號71號，約1997年製。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 1997

Reference No. A114439 Case No. 071/150 Model Name Tank à Guichets CPCP Material

Platinum

Calibre Manual, cal. 9752 MC, 19 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Cartier deployant clasp Dimensions 25.5mm Width and 37mm Length Signed Case, dial, movement and clasp signed Estimate HKD 390,000–780,000 USD 50,000–100,000 Accessories Accompanied with blank Cartier certificate, service invoice, red leather holder and fitted Cartier’s Collection Privée Cartier Paris presentation box.

The Cartier Tank à Guichets has made headlines this year with their Collection Privée Cartier Paris re-edition “oblique” release. Avant-garde with an almost industrial appearance since 1928, the name “à Guichets” translate to apertures within which the hour “jumps” as time progresses. Extremely easy to read, one aperture indicates the hour at 12 o’clock on this tank, and minutes is read through an elegantly curved aperture at 6 o’ clock. The present Tank à Guichets hails from a limited edition launched in 1997 as a commemorative edition to celebrate the brand’s 150th anniversary. A perfaect homage cased in platinum that can be noticed by its exclusive red cabochon crown for the metal, this example is the 71th piece from the limited edition of 150. As all 150th anniversary releases across models carries the LC logo on the timepieces, you will find it crisply engraved on the caseback along with “1847-1997” below. The 1997 version compared to the new release carries the same classic vertical brushing, in addition for the detailed oriented collector, it also features two thin vertical indent that frames a slimmer look on the case. Extremely sought-after and incredibly well-preserved, the present Tank à Guichets is accompanied with its certificate and CPCP presentation box. For those who collects unconventional approach to watchmaking, this discontinued Cartier should definitely be on your list.

CARTIER

150th Anniversary Tank à Guichets CPCP

947.

CARTIER — A “like-new”, highly attractive and rare limited edition platinum wristwatch with warranty and presentation box, numbered 136 of a limited edition of 150 pieces

卡地亞，「Tank Cintrée」型號 WGTA0193，精細罕有，限量版鉑金腕錶，限量發行150枚，編號136號，約2023年製。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 2023

Reference No. WGTA0193 Case No. 136/150, 4537 Model Name Tank Cintrée Material

Platinum

Calibre Manual, cal. 9780 MC, 19 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Cartier pin buckle Dimensions 46mm length x 23mm width Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by undated Cartier warranty card, blank limited edition certificate, instruction manual, product literature, cloth, loupe, fitted presentation box and outer packaging.

In 2021, Cartier marked the 100th anniversary of the Tank Cintrée with a limited edition in gold. Continuing this celebration, the Maison introduced a new platinum edition in 2023. While this release is not a direct reissue, it takes inspiration from its heritage, seamlessly combining timeless design with contemporary refinement. The Tank Cintrée, renowned for its large, curved case, stands out as one of the boldest and most elegant of the Tank models, making it a perfect fit even for modern tastes. The platinum case measures 46mm by 23mm and is now slightly slimmer at just 6mm. Staying true to vintage Cintrée models, the long polished brancards contrast beautifully with the brushed horizontal sides, while a ruby cabochon crown adds a touch of luxury. The watch is powered by the ultrathin Cartier caliber 9780 MC, which is based on the JaegerLeCoultre 849, measuring only 1.85mm in thickness, perfectly complementing the sleek case. As part of Cartier’s “Les Rééditions” program, which reintroduces beloved models in limited editions, this platinum Cintrée features an off-white eggshell dial adorned with Roman numerals and a rail track. The Breguet-style hands, on the other hand, further enhance the overall aesthetic. The Tank Cintrée is highly sought after within the Tank family due to its rarity and elegant shape, with platinum editions being particularly valued. This example is in like-new condition, offering a rare chance to acquire this now sold-out masterpiece.

948.

CARTIER — A highly rare and attractive platinum limited edition wristwatch with green Roman numerals, guilloché dial, certificate and presentation box, numbered 20 of a limited edition of 30 pieces made for the Italian market

卡地亞，「 Tank Américaine」型號1734D，十分罕有精美，限量版鉑金腕錶，備綠色時標、璣鏤錶盤，特為義大利市場限量發行30枚，編號第20號。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 2000

Reference No. 1734D Case No. 20/30 Model Name Tank Américaine Material

Platinum

Calibre Manual, cal. 430 MC, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Cartier pin buckle Dimensions 27mm width x 45mm length Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Cartier undated certificate stamped Cerbai & C. snc, Prato, limited edition certificate, instruction manual, hang tag, leather folio, fitted presentation box and outer packaging.

Cartier has always been associated with exquisite craftsmanship and elegant designs, having dazzled both the glitterati and horological world alike with its style, flair and creativity. The present watch, the Tank Américaine, perfectly encapsulates the brand’s ethos with its elegant curved case and brushed finishes. Presented in excellent condition, this Tank Américaine is cased in platinum and displays dark green numerals. Incredibly eye catching, elegant and striking, it was made for the Italian market in 30 examples only. To date, only a handful of examples have come back on the auction market, underscoring its rarity. It is furthermore accompanied by its certificates and presentation box. PROPERTY OF AN IMPORTANT COLLECTOR IN AUSTRALIA 重要澳洲私人收藏

949.

JAEGER-LECOULTRE — A very fine and attractive white gold reversible rectangular-shaped wristwatch with small seconds, moon phases, day & night and power reserve indication

積家，「Reverso Night & Day」型號270.3.63，精細，白金翻轉式小三針腕錶，備月相、日夜、動力儲存顯示，約2000年代製 Manufacturer

Jaeger-LeCoultre

Year

Circa 2000s

Reference No. 270.3.63 Movement No. 2’974’115 Case No. 1’957’062 Model Name Reverso Night & Day Material

18K white gold

Calibre Manual, cal. 823, 23 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Jaeger-LeCoultre deployant clasp Dimensions 42mm length x 26mm width Signed Case, dial, movement and clasp signed Estimate HKD 40,000–64,000 USD 5,100–8,200

Thanks to its iconic heritage, the Reverso has become a cornerstone for Jaeger-LeCoultre to showcase its horological prowess. A prime example is the exceptionally rare Reverso Night & Day ref. 270.3.63. This reference is a compelling testament to the maison’s mastery in both design and mechanics. Crafted in 18K white gold, this reference features a striking, asymmetrical black dial that remains highly legible. Its most distinctive element is the unusual, hand-written style font used for the indices, adding a touch of artistic flair. The dial is thoughtfully arranged with a moon phase complication at 6 o’clock, a sub-seconds display, a night and day indicator at 2 o’clock, and a power reserve indicator at 11 o’clock. They all harmoniously integrate to reflect Jaeger-LeCoultre’s technical sophistication. Powered by the manual-winding JLC calibre 823, the watch reveals its inner beauty through a sapphire crystal exhibition caseback. The movement showcases a stunning array of blued screws, finely finished bridges, and meticulous anglage, underscoring the brand’s dedication to craftsmanship. Offered in excellent condition, this circa 2000s example is a rare opportunity to own a piece that exemplifies the elegance and ingenuity of Jaeger-LeCoultre’s Reverso legacy. PROPERTY OF A LADY 女士私人收藏

950.

JAEGER-LECOULTRE — An exquisitely crafted, fresh-to-the-market, well-preserved and rare pink gold double sided tourbillon wristwatch with seconds display, date, power reserve indication and guilloché dial

積家，「Reverso Day-Night Duoface」型號270.2. 54，精細，玫瑰金翻轉式兩地時區腕錶，備小秒針、日夜、24小時顯示，約1994年製 Manufacturer

Jaeger-LeCoultre

Year

Circa 1994

Reference No. 270.2.54 Case No. 1’767’803 Model Name Reverso Day-Night Duoface Material

18K pink gold

Calibre Manual, cal. 854, 21 jewels Bracelet/Strap

Leather

Clasp/Buckle 18K pink gold Jaeger-LeCoultre deployant clasp Dimensions 42mm length x 26mm width Signed Case, dial, movement and clasp signed Estimate HKD 40,000–64,000 USD 5,100–8,200

The present Reverso Day-Night Duoface reference 270.2.54 in 18K pink gold offers a luxurious interpretation of the original design, combining elegance with understated wearability. Its dual-time function is the highlight of this exceptional piece. One side features a white guilloché dial with small seconds, while the reverse displays a rich brown Clous de Paris guilloché dial with a 24-hour register. The luminous material on the darker side has aged beautifully to a warm caramel tone, appealing to collectors with a taste for neo-vintage aesthetics. Introduced in 1994, the Duoface concept reimagines the reading of a second time zone through the ingenious reversible case. Powered by a single movement that drives both dials, this model echoes the design language of the original 1931 Reverso while incorporating an ultra-thin case. It stands as a unique and elegant expression of Jaeger-LeCoultre’s heritage, technical mastery, and timeless style. PROPERTY OF A LADY 女士私人收藏

951.

AUDEMARS PIGUET — A very well-preserved and limited production white gold wristwatch with bracelet, Salmon dial, date, warranty and presentation box

愛彼，「Royal Oak “Jumbo Extra-thin”」型號15202BC. OO.1240BC.01，十分精細罕有，白金自動鏈帶腕錶，備日期顯示，約2020年製。附原裝證書、錶盒 Manufacturer

Audemars Piguet

Year

Circa 2020

Reference No.

15202BC.OO.1240BC.01

Movement No. AM9876 Case No. K57970 Model Name Royal Oak “Jumbo Extra-thin” Material

18K white gold

Calibre Automatic, cal 2121, 36 jewels Bracelet/Strap 18K white gold Audemars Piguet bracelet, max length 190mm Clasp/Buckle 18K white gold Audemars Piguet deployant clasp Dimensions 39mm diameter Signed Case, dial, movement, bracelet and clasp signed. Estimate HKD 500,000–1,000,000 USD 64,100–128,000 Accessories Accompanied by Audemars Piguet warranty card, instruction manual, fitted presentation box and outer packaging.

The Royal Oak ref. 15202 has, in recent years, become one of the most coveted references in contemporary watchmaking. First unveiled in 2000 in stainless steel and yellow gold, it preserved the iconic 39mm “Jumbo” case and the celebrated cal. 2121, while introducing modern updates such as the sapphire crystal caseback and the bold “Grande Tapisserie” dial. For the first time, the model offered a silver dial, alongside dark blue and cosmos blue variants. In 2006, the line expanded further with the introduction of an all‑pink gold version. In 2012, marking the 40th anniversary of the Royal Oak, the ef. 15202 was subtly reimagined in homage to the seminal ref. 5402. Hallmarks of the anniversary edition included the “Petite Tapisserie” dial and the retour of the applied “AP” logo at 6 o’clock, restoring the most faithful aesthetic link to the original of 1972.

Among the entire production run, one iteration eclipses all others in rarity and desirability: the ref. 15202BC, cased in discreet 18K white gold and distinguished by its striking salmon‑toned dial (Audemars Piguet’s official designation: pink champagne). At first glance, the case resembles stainless steel, yet its unmistakable weight reveals the precious metal composition. The dial itself shimmers between pale rose, pink champagne, and hints of gold, shifting beautifully with the light. Upon its debut in 2019, Audemars Piguet declared production would be limited to no more than 75 examples per year. As the reference was discontinued in 2021, it is believed that as few as 225 watches were ever made. The present example, offered in excellent overall condition and accompanied by its full set of accessories, represents a highly coveted example of the modern “Jumbo.” PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR

重要歐洲私人收藏

AUDEMARS PIGUET

Ref. 15202BC, Royal Oak “Jumbo Extra-thin”

952.

A. LANGE & SÖHNE — A fine and attractive stainless steel wristwatch with bracelet, small seconds, oversized day and date indication, guarantee and presentation box

朗格，「Odysseus」型號363.179，精細，精鋼自動鏈帶腕錶，備小秒針、星期、日期顯示，約2020年製。附原裝證書、錶盒、配件 Manufacturer

A. Lange & Söhne

Year

Circa 2020

Reference No. 363.179 Movement No. 144’923 Case No. 248’730 Model Name Odysseus Material

Stainless steel

Calibre Automatic, cal. L155.1, 31 jewels Bracelet/Strap Stainless steel A. Lange & Söhne bracelet, max length 195mm Clasp/Buckle Stainless steel A. Lange & Söhne deployant clasp Dimensions 40.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by A. Lange & Söhne guarantee stamped A. Lange & Söhne Shanghai Boutique, dated 11 December 2020, purchase invoice, instruction manual, product literature, adjustment tools, cloth, leather folio, fitted presentation box and outer packaging.

In 2019, A. Lange & Söhne made a significant milestone with the release of their first luxury sports watch, the Odysseus. This timepiece offered a fresh perspective and a departure from the brand’s traditional designs. While it inherited the signature DNA of A. Lange & Söhne with its outsized day and date display, the Odysseus featured a completely new case design that distinguished it from other sports watches in the market. The Odysseus is powered by the cal. L155.1 Datomatic which showcases impeccable finishes matching A. Lange & Söhne’s tradition, including an engraved balance cock with a stylized wave pattern instead of the more commonly seen floral decoration. Not surprisingly, the Odysseus quickly captured the attention of discerning collectors and became one of the most sought-after timepieces from the brand, resulting in long waiting lists. The present Odysseus with a blue dial is in hardly worn condition and comes with its guarantee and presentation box. It is undoubtedly a timepiece that will catch the eye of seasoned A. Lange & Söhne collectors, offering a unique addition to their collection.

A. LANGE & SÖHNE

Odysseus

953.

F.P. JOURNE — An ultra exclusive, important and rare limited production stainless steel minute repeating wristwatch with black dial, power reserve indication, certificate and presentation box

A mythical presence among F.P. Journe watches, the Souveraine minute repeater was unveiled in 2008 as the thinnest minuterepeating wristwatch on the market. This ultra-thin minute repeater, encased in stainless steel—an unexpected choice for such a prestigious complication—demonstrates Journe’s innovative spirit. While minute repeaters are typically crafted from precious metals, Journe opted for steel due to its superior acoustic properties as materials with lower density transmit sound more effectively, allowing the chimes to resonate with remarkable clarity. The movement, an extraordinary feat of micro-engineering at just 4.5mm thick, incorporates key innovations and a uniquely designed striking mechanism. Like many of his other complications, the repeater mechanism devised by Journe is compact and innovative. Compared to the calibre 1304 of the time-only Chronomètre Souverain, the minute-repeating calibre 1408 is only 0.5mm thicker and 1.2mm wider, despite having nearly double the number of parts. Conventional repeaters feature gongs that are essentially hardened steel wires, that encircle the case, with hammers located on the edge of the movement, resulting in a larger footprint or necessitating a smaller movement. To fulfill the “Invenit” in “Invenit et Fecit,” Journe introduced a pair of flat hammers and gongs, a concept he first developed for a handful of grand sonnerie wristwatches he created for Piaget in the 1990s. The flat design of the hammers and gongs allows them to be mounted directly on the main plate of the movement, which explains the aperture in the dial revealing the hammer of the repeater while most of the repeater mechanism is concealed under the dial. Activating the thin slide on the case at 10 o’clock sets the repeater in motion and the governor is located on the back, regulating the speed of the striking pattern. This design maximizes space inside the case for the calibre 1408, which shares a similar structure to that of the Chronomètre Souverain, featuring twin barrels positioned side by side and the balance wheel directly opposite.

F.P. JOURNE

Répétition Souveraine “Black Label”

953.

F.P. JOURNE — An ultra exclusive, important and rare limited production stainless steel minute repeating wristwatch with black dial, power reserve indication, certificate and presentation box

F.P. Journe，「Répétition Souveraine “Black Label”」，極度精細罕有，精鋼三問腕錶，備黑色錶盤、動力儲存顯示，約2013年製。附原裝證書、錶盒、配件 Manufacturer

F.P. Journe

Year

Circa 2013

Case No. 066-RM Model Name Répétition Souveraine “Black Label” Material

Stainless steel

Calibre Manual, cal. 1408, 33 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel F.P. Journe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 2,400,000–4,800,000 USD 308,000–615,000 Accessories Accompanied by F.P. Journe certificate stamped F.P. Journe Boutique Tokyo dated 19 October 2013, instruction manual, DVD, cloth, fitted presentation box and outer packaging.

As a result, the present repeater produces a very distinctive sound: typical repeaters emit a low tone for the hours and a high tone for the minutes, but on the Journe repeater, both hours and minutes are struck on the same gong, producing the same tone. The hours and minutes are separated by the customary double chimes for the quarters, and in the absence of quarters, a pause distinguishes them. What makes this particular Répétition Souveraine exceptional is its exclusive Black Label dial, available only to existing owners of Journe timepieces and offered through official F.P. Journe boutiques worldwide, with extremely limited production numbers. According to our research, this is the first example to appear at an international auction. Preserved in excellent condition and complete with its full set of accessories, this Répétition Souveraine Black Label represents a rare iteration of one of the most significant horological breakthroughs in recent decades. It is sure to captivate enthusiasts of contemporary technical horology, presenting a remarkable opportunity for collectors seeking a unique specimen from the esteemed Répétition Souveraine lineage.

F.P. JOURNE

Répétition Souveraine “Black Label”

954.

F.P. JOURNE — A highly sought-after and mechanically complex platinum tourbillon wristwatch with power reserve indication, dead beat seconds, constant force remontoire and presentation box

F.P. Journe，「Tourbillon Souverain」，精細罕有，鉑金陀飛輪腕錶，備跳秒、動力儲存顯示、恆動力裝置，約2007年製。附錶盒 Manufacturer

F.P. Journe

Year

Circa 2007

Case No. 395-TN Model Name Tourbillon Souverain Material

Platinum

Calibre Manual, cal. 1403, 26 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 960,000–1,600,000 USD 123,000–205,000 Accessories Accompanied by cloth, fitted presentation box and outer packaging.

Having established his eponymous brand in 1999, Journe produced 20 pieces of original ‘Tourbillon Souverain’, each signed ‘F.P. Journe Invenit et Fecit’. This was the first watch produced by Montres Journe. Ref. T was introduced later in the same year and is widely considered the first production wristwatch from Montres Journe. Discontinued in 2003, it is estimated only 258 pieces were produced. With 38mm diameter in either platinum or 18K pink gold, it features a cal. 1498 with a rhodium-plated movement which can be admired through the sapphire case back. When the production of Reference T was ceased, there was a gap of one year before ref. TN was released in April 2004. Consistent with its predecessor, the present ref. TN was offered in either 18K pink gold or platinum but with an option of 40mm diameter like the present example. However its layout was significantly different. The hand for the power-reserve display was repositioned to 12 o’clock, granting a more symmetrical appearance to the dial and enhancing legibility. The patented screwed steel frame was redesigned. The seconds track, which previously encircled the aperture for the tourbillon, was removed, providing a cleaner aesthetic. Furthermore, a new, discrete small seconds display was introduced at 6 o’clock. These subtle changes clearly illustrate Journe’s relentless quest for perfection. Apart from its appearance, the present ref. TN also featured an upgraded cal. 1403. Instead of rhodium-plated brass, the movement was made of 18K pink gold, which is the least reactive metal and therefore will never corrode or tarnish. Despite these changes, the case remains a mere 9.9mm thick. The transition from the T to the TN was far more than just a subtle upgrade;

Journe himself has stated that the only part carried over from the Reference T to the TN is the tourbillon cage – everything else was completely re-engineered. The present ref. TN highlights the addition of a deadbeat seconds, a complication made possible by the remontoir d’égalité and its pulsing action. This feature allows the seconds hand to “tick” once per second rather than moving continuously, further enhancing the watch’s precision and giving it a unique aesthetic character. This feature can also be appreciated through the transparent caseback. The introduction of the Reference T, followed by the TN and its limited-edition variants, underscores the depth of F.P. Journe’s innovation and the constant evolution of his watchmaking philosophy. Each iteration brings not just incremental technical improvements but also new avenues for creative expression, ensuring that his tourbillons remain as coveted by collectors today as they were at the turn of the millennium. Discontinued in 2018 and replaced by ref. TV in 2019, the present ref. TN stands as a testament to F.P. Journe’s pursuit of mechanical innovation and design excellence. Paired with grey crocodile strap, which complements with the frosted white gold dial, the present ref. TN is presented in excellent overall condition.

F.P. JOURNE

Tourbillon Souverain - TN

955.

PATEK PHILIPPE — A very rare and attractive, fresh-to-the-market yellow gold double-signed wristwatch with date, bracelet, duplicate Certificate of Origin, Gübelin Extract from the Archives and presentation box, retailed by Gübelin

百達翡麗，「Nautilus “Jumbo”」型號3700/1J，精美罕有，黃金自動鏈帶腕錶，備日期顯示，由Gübelin 銷售，1980年製。附百達翡麗後補證書、Gübelin後補證書 Manufacturer

Patek Philippe

Year

1980

Reference No. 3700/1J Movement No. 1’309’534 Case No. 549’396 Model Name Nautilus “Jumbo” Material

18K yellow gold

Calibre Automatic, cal. 28-255C, 36 jewels Bracelet/Strap 18K yellow gold Patek Philippe bracelet, max length 195mm Clasp/Buckle 18K yellow gold Patek Philippe deployant clasp Dimensions 42mm diameter Signed Case, dial, movement, bracelet and clasp signed; dial further signed Gübelin Estimate HKD 800,000–1,600,000 USD 103,000–205,000 Accessories Accompanied by Patek Philippe Duplicata Certificate of Origin stamped Gübelin SA dated 1981, service confirmation letter from Patek Philippe Salon London dated 2019, paper folder, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archive confirming the production of the present timepiece in 1980 with black matte ribbed tritium-lumed dial, and the subsequent date of sale on 11 February 1981, Extract from the Gübelin registers further confirming its production.

Since its introduction in 1976, the Patek Philippe Nautilus is one of the key players who transformed the concept of a luxury sports watch in steel, revolutionizing the watch industry. Designed by the legendary Gérald Genta during a quick sketch, it evolved into a timeless horological masterpiece, now famously known as the “Jumbo” Nautilus ref. 3700. At the heart of this 42mm diameter watch lies the cal. 28-255C, which draws its design from the Jaeger-LeCoultre cal. 920 introduced in 1967. The calibre with its lean profile at just 3.15mm, is regarded as one of the most legendary movements ever produced. The production of the ref. 3700 was divided into two main series, with early examples from 1976-1982 stamped as ref. 3700/1, while later examples from 1982-1990 are marked as ref. 3700/11. Early models featured a slightly wider bracelet measuring 16mm, whereas later iterations were tapered down to a sleek 14mm. The present example is an exceptionally well-preserved ref. 3700/1J from the early production series. It is distinguished by its double-signed dial bearing the name of Gübelin, a prestigious Lucerne-based retailer with a longstanding relationship with

Patek Philippe dating back over 170 years. This rare signature is highly sought after by collectors. There are approximately only four yellow gold examples retailed by Gübelin known to the market: Reference No.

Movement No.

Case No.

Ref. 3700/1, 1977

1’304’629

536’064

Ref. 3700/1, 1980 1’309’534 (The present fresh-to-the-market example)

549’396

Ref. 3700/11, Circa 1980

1’310’592

2’818’780

Ref. 3700/011 with Diamond indexes, 1982

1’308’365

558’701

Fresh-to-the-market and complemented by a striking Gübelin signed matte black ribbed sigma dial preserved in excellent condition, the watch is accompanied by Extracts from the Archives from both Patek Philippe and Gübelin. As indicated in the confirmation letter, the present example had been professionally polished by Patek Philippe. Here presents a rare opportunity for collectors to acquire a remarkable, early and rare yellow gold Nautilus “Jumbo”. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR

重要歐洲私人收藏

PATEK PHILIPPE

Ref. 3700/1J, Retailed by Gübelin

956.

ROLEX — An extremely fine and very rare stainless steel chronograph wristwatch with “Paul Newman” dial, bracelet, guarantee and presentation box

勞力士，「Cosmograph Daytona」型號6262，非常罕有，精鋼計時鏈帶腕錶，備「Paul Newman」錶盤，約1970年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 1970

Reference No. 6262 Case No. 2’552’145, inside caseback stamped “6239” Model Name Cosmograph Daytona “Paul Newman” Material

Stainless steel

Calibre Manual, cal. 727, 17 jewels Bracelet/Strap Stainless steel riveted Rolex Oyster bracelet, max length 200mm Clasp/Buckle Stainless steel Rolex U.S.A. Oyster deployant clasp stamped “C&I” and “7-71” Dimensions 36.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 1,100,000–2,000,000 USD 141,000–256,000 Accessories Accompanied by Rolex guarantee stamped Sam S. Yampell Inc, U.S.A. dated 15th April 1972, instruction manual, original purchase invoice, letter from the family of the original retailer and fitted presentation box.

At Rolex, 1970 marked the launch of two Cosmograph references. The reference 6262 debuted with a metal bezel, while the 6264 featured an acrylic bezel. Both models were equipped with the upgraded caliber 727. Interestingly, the new references were introduced while spare parts for the previous model were still available, which is why some early examples, like this one, have a caseback inscribed with the earlier reference 6239. Both references were produced for only a few years and were the last Daytona models to feature pump pushers before screw-pusher references (6263 and 6265) gained popularity. Consequently, the reference 6262 is considered a rare transitional model, combining pump pushers with the new caliber 727, and boasts one of the shortest production runs in Daytona history. What makes this watch even more intriguing is its provenance. Originally sold by Sam S. Yampell Inc. in the U.S., the watch has remained within the owner’s family and passed down to his daughters. Recently, they returned it to the retailer’s son, who is still in the business, seeking a new owner who would cherish it as their father did.

Finding a watch in such condition with a complete provenance is extremely rare. It comes complete with all the accessories from when the original owner purchased it in 1972. The original invoice indicates that he even received a discount, reducing the price from USD280 to USD235.20, including tax. The original guarantee further confirms this date, solidifying the watch’s provenance. This example not only embodies historical significance and rarity but also features an incredibly well-preserved white Paul Newman dial. The luminous dots have aged to a charming buttery hue, and the surface remains in excellent condition, making it a very attractive example. Additionally, it is fitted with a rare Rolex U.S.A. bracelet, validated by the “C&I” bracelet maker signature on the clasp, matching the production date of 1971. The case number is further hand-engraved on the inside of the clasp, confirming the bracelet’s originality to this watch. An undoubtedly important heirloom piece with complete provenance, it is a super rare find that includes all the original accessories and a compelling story.

ROLEX

Ref. 6262, “Paul Newman”

957.

ROLEX — An extremely well-preserved and attractive stainless steel chronograph wristwatch with bracelet, guarantee and presentation box

勞力士，「Cosmograph Daytona “Big Red”」型號 6263，十分精細罕有，精鋼鏈帶計時腕錶，約1985年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 1985

Reference No. 6263 Movement No. 15’881 Case No. 8’831’970 Model Name Cosmograph Daytona “Big Red” Material

Stainless steel

Calibre Manual, cal. 727, 17 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet stamped “78350, 19”, endlinks stamped “571”, max length 195mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “78350” Dimensions 37.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 450,000–800,000 USD 57,700–103,000 Accessories Accompanied by Rolex guarantee stamped Bailey Banks & Biddle U.S.A., retailer warranty dated 16 April 1986, instruction manual, product literature, fitted presentation box and outer packaging.

The Daytona ref. 6263 stands as one of the most iconic and coveted vintage chronographs ever made. Its robust Oyster case, acrylic bezel, and screw‑down pushers gave the watch a distinctly modern and sporty character that resonates just as strongly today as it did upon its introduction in 1969. Evolving from the earlier ref. 6240, the ref. 6263 was upgraded with the reliable cal. 727 and improved water‑resistance, and together with its steel‑bezeled counterpart, the ref. 6265, came to define an era of Rolex chronograph design which continues to inspire the brand’s contemporary Daytona models, most notably the ref. 116500LN. The present example, bearing an 8.8 million serial, belongs to the last generation of the model. It is fitted with a Mark 3 bezel insert and pushers, and an Oyster Triplock 703 crown, alongside the highly coveted “Big Red” dial. Its matte black surface and bold red script represent the quintessential aesthetic of the final series manual‑wind Daytona.

The dial has been beautifully preserved, retaining all of its original luminous plots, evenly aged to match the hands. The silvered registers display subtle, honest patina, enhancing its vintage appeal. Equally impressive is the case, which remains in excellent condition, with thick lugs, crisp proportions, and an intact bezel. Accompanied by its complete set of original accessories, including both Rolex and retailer warranties, this watch bears a caseback engraving for “J.M. Allen,” a detail that adds charm and a trace of personal provenance. With its rare last generation features, superb state of preservation, and full complement of documentation, this ref. 6263 is unquestionably a connoisseur’s prize and a benchmark example of the most celebrated manual‑wind Daytona.

ROLEX

Ref. 6263, “Big Red”

958.

ROLEX — A very fine and rare stainless steel chronograph wristwatch with bracelet, “4-liner” white dial, guarantee and presentation box

勞力士，「Cosmograph Daytona, “4-liner”」型號 16520，罕有，精鋼自動計時鏈帶腕錶，約1989年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 1989

Reference No. 16520 Movement No. 18’981 Case No. L506’701 Model Name Cosmograph Daytona, “4-liner” Material

Stainless steel

Calibre Automatic, cal. 4030, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet stamped “78360”, endlinks stamped “503”, max length 200mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “N3” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 240,000–400,000 USD 30,800–51,300 Accessories Accompanied by Rolex guarantee stamped Ditta Pendini Giorgio, Italy dated 24th November 1990, instruction manual, product literature, hang tag, green passport holder, fitted presentation box and outer packaging. Literature The present example is prominently published in Daytona Perpetual by Pucci Papaleo, page 150 and 151.

Produced circa 1989, the present example bearing an L serial is one of the rare and coveted early Zenith Daytona models. The first half of the “L” series features a 4-Liner dial with a MK I bezel insert calibrated for 200 units per hour. This is followed by a very short run of MK II bezels, like the present example, where the bezel was modified to include scales for 400, 250 and 225 indications, with the “units per hour” relocated to the 1 o’clock position. Enhancing the appeal of this incredibly well-preserved example is the inverted 6 on the 12-hour register, making it one of the most desirable combinations from the series. The present Rolex Cosmograph Daytona ref. 16520, from circa 1989, features a “L506’701” case number and a correct “18’981” movement number, along with a white dial and MK II bezel. It is offered with its full set of accessories and is preserved in attractive overall condition, showcasing a clean and sharp case. For enthusiasts and collectors of rare and desirable Daytonas, this piece not only completes a missing puzzle in a collection but is also the very example published and archived in the renowned Daytona Perpetual book by Pucci Papaleo. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR 重要歐洲私人收藏

ROLEX

Ref. 16520, “4-liner”

959.

ROLEX — A very rare and well-preserved stainless steel diver’s wristwatch with center seconds, bracelet, guarantee and presentation box, retailed by Van Cleef & Arpels

勞力士，「Submariner」型號5513，精細罕有，精鋼自動鏈帶腕錶，中心秒針，由梵克雅寶銷售，約1989年製。附原裝證書、錶盒、配件、後補證書 Manufacturer

Rolex

Year

Circa 1989

Reference No. 5513 Case No. L239’516, inside caseback stamped 5512 Model Name Submariner Material

Stainless steel

Calibre Automatic, cal. 1520, 26 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet stamped “93150”, endlinks stamped “580”, max length 190mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “U11” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 120,000–200,000 USD 15,400–25,600 Accessories Accompanied by Rolex undated guarantee stamped Van Cleef & Arpels Inc, product literature, Van Cleef & Arpels fitted presentation box and outer packaging. Further delivered with Rolex Certified Pre-Owned guarantee dated 3rd May 2024, white hang tag, white card holder, white travel pouch and white outer packaging.

First released in 1962, the Rolex Submariner ref. 5513 remained in production until 1989, enjoying an impressive run of over 27 years. During its lifespan, this reference saw various upgrades and modifications, particularly to the dial. Early examples featured glossy gilt dials with gilt writing, while later versions transitioned to matte black dials with either meters-first or feet-first markings. Towards the end of production, Rolex replaced the matte black variants with glossy black dials that included white gold-bordered luminous indexes. These glossy models were produced until the reference was completely discontinued. The present Rolex Submariner ref. 5513, with an L serial from circa 1989, is fitted with a glossy black dial and white goldbordered tritium indexes, making it one of the last examples produced before the reference was entirely phased out. The present watch is nothing but extraordinary as it was retailed by Van Cleef & Arpels Inc., confirmed by the original guarantee. It is quite rare for a Rolex to be sold by this luxury jewelry company, and this watch comes as a complete set, including the Van Cleef & Arpels presentation box. To further validate its authenticity, this watch underwent the Certified Pre-Owned Program by Rolex in 2024 and comes with all CPO accessories.

960.

ROLEX — A fine and attractive stainless steel chronograph wristwatch with bracelet, guarantee and presentation box

勞力士，「Cosmograph Daytona」型號16520，精鋼自動計時鏈帶腕錶，約1999年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 1999

Reference No. 16520 Movement No. 171’379 Case No. A139’572, inside case back stamped “16500” Model Name Cosmograph Daytona Material

Stainless steel

Calibre Automatic, cal. 4030, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet stamped “78390 A”, endlinks stamped “803”, max length 200mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp, stamped “X 3” and “78390 A” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Rolex undated guarantee stamped Davidson & Licht, Santa Clara, instruction manual, product literature, two hang tags, paper folder, fitted presentation box, outer packaging and retail invoice dated 18 August 1999.

The reference 16520 is considered one of Rolex’s most innovative models ever produced, as it was the first Daytona to feature an automatic movement. When this model was introduced in 1988, it became an instant cult favourite among enthusiasts and quickly garnered a waiting list at Rolex retailers. Over the years, the “Zenith Daytona” has become even more collectible due to its rarity, handsome aesthetics, and its important status within Rolex’s history. With the model’s growing popularity, most of the watches are being worn and seen on the wrists of collectors, while examples still preserved in excellent condition are extremely rare to find. With an “A” serial number dating to 1999, this example belongs to the final production batch of the Rolex Daytona reference 16520. A key distinction of this late iteration is the transition from Tritium to Luminova. Meanwhile, it is also one of the last models to use a Zenith movement calibre 4030 before the in-house calibre was introduced in 2000. While not the rarest variant, its status as the last of its kind adds historical and collectible value. Presented in excellent condition and accompanied by its original guarantee, this piece represents a noteworthy opportunity for collectors seeking a meaningful addition to their Daytona lineup.

961.

PATEK PHILIPPE — An extraordinarily rare and elegant white gold perpetual calendar chronograph wristwatch with black dial, moon phases, 24-hour, leap-year indication,additional solid caseback, setting pin, Certificate of Origin and presentation box

百達翡麗，型號3970EG-018「Third Series」，極度罕有優雅，白金萬年曆計時腕錶，備黑色錶盤、月相、 24小時、閏年顯示，約1998年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 1998

Reference No. 3970EG-018, Third series Movement No. 3’045’819 Case No. 4’010’685 Material

18K white gold

Calibre Manual, cal. CH 27-70 Q, 24 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 640,000–1,280,000 USD 82,100–164,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Edwards Lowell Company Ltd. Malta, dated 19 September 1998, service invoice and booklet, instruction manual, product literature, additional solid caseback, setting pin, hang tag, fitted presentation box and outer packaging.

The production of the ref. 3970 is divided into four series. The present example belongs to the third series, distinguished by its sapphire display back supplied with an additional screw‑ down solid caseback. Crafted in yellow, pink, and white gold as well as platinum, the white gold variant is already the scarcest among the four metals. Rarity here is further heightened by the presence of a black dial—a configuration seldom seen. Most white‑gold ref. 3970 were delivered with silvered “argenté” dials, and the few black‑dial examples were typically fitted with diamond‑set hour markers. By contrast, the present watch is adorned with faceted baton indexes, a detail that not only renders it exceptionally rare but also lends it a distinctly sportier, more masculine character compared to its jewel‑set counterparts. “Fresh-to-the-market” and with the coveted baton black dial confirmed on the Certificate of Origin, this configuration is less than 15 examples known to the market. The subtle warmth of the white‑gold case paired with the sleek, inky black dial creates an aesthetic of striking sophistication. Its appeal is further enhanced by the watch’s well‑preserved condition and its complete set of accessories. The present ref. 3970 stands as an outstanding opportunity for the discerning collector seeking one of the most desirable iterations of this landmark reference.

PATEK PHILIPPE

Ref. 3970EG-018, Third Series

962.

PATEK PHILIPPE — A highly important, rare and elegant platinum perpetual calendar split-seconds chronograph wristwatch with moon phases, leap year, 24-hour indication, Certificate of Origin, additional solid caseback and presentation box

百達翡麗，型號5004P-001，極度複雜罕有，鉑金萬年曆追針計時腕錶，備月相、閏年、24小時顯示，約1998 年製。附原裝證書、備用底蓋、錶盒 Manufacturer

Patek Philippe

Year

Circa 1998

Reference No. 5004P-001 Movement No. 879’664 Case No. 4’034’174 Material

Platinum

Calibre Manual, cal. CHR 27-70 Q, 28 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,200,000–2,400,000 USD 154,000–308,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Watches of Switzerland, additional platinum solid caseback, product literature, leather folio and fitted presentation box.

The reference 5004 was introduced in 1994, combining a split-seconds chronograph module with a perpetual calendar, enabling simultaneous timing. It was also the first serially produced Patek Philippe perpetual calendar to integrate this complication. Powered by a Lemania-based caliber, which can be viewed through the sapphire crystal caseback, the reference was crafted in various metals—including pink gold, yellow gold, white gold, platinum, and stainless steel—over its 16-year production span from 1994 to 2010. With a refined diameter of 36mm, the watch perfectly balances size and aesthetics, sharing design cues with references 3970, 2499, and 1518. Its stepped case is slightly thicker and larger than its predecessors, accommodating the split-seconds complication and giving it a contemporary presence on the wrist. Featuring an oversized crown at the 3 o’clock position and a subtle silvered dial with applied Arabic numerals, this platinum example embodies a harmonious blend of simplicity, modern design, and traditional craftsmanship—a combination that makes it one of the most sought-after and versatile wristwatches. We previously had the honor of offering another example just one movement number (879’663) away from this one in The Geneva Watch Auction: XV in 2022. But this fresh-to-the-market 5004P-001 example is offered with its original Certificate of Origin, an additional solid platinum caseback and presentation box. It is preserved in excellent condition and with the reference gaining significant traction in the auction scene, it has become one of the grails for Patek Philippe collectors looking to acquire a gem for their collection.

PATEK PHILIPPE

Ref. 5004P-001

963.

PATEK PHILIPPE — An extremely fine, highly rare and important platinum minute repeating instantaneous perpetual calendar single-button chronograph wristwatch with moon phases, day and night, leap year indication, additional solid caseback, setting pin, Certificate of Origin and presentation box

PATEK PHILIPPE

Ref. 5208P-001

963.

百達翡麗，型號5208P-001，極度精細罕有，鉑金自動三問瞬跳萬年曆單按鈕計時腕錶，備月相、日夜、閏年顯示，約2017年製。附原裝證書、備用底蓋、錶盒、調整筆、配件 Manufacturer

Patek Philippe

Year

Circa 2017

Reference No. 5208P-001 Movement No. 5’175’535 Case No. 6’108’258 Material

Platinum

Calibre Automatic, cal. R CH 27 PS QI, 63 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 42mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 4,800,000–9,600,000 USD 615,000–1,230,000 Accessories Accompanied by a Patek Philippe Certificate of Origin stamped Padani Jewellers Ltd Israel, dated 25 April 2017, leather folder with photograph, instruction manual, product literature, leather wallet, additional solid caseback, setting pin, hang tag, slipcase, fitted wooden presentation box with key.

Introduced in 2011, the ref. 5208P unites three of the most sophisticated complications in a single wristwatch: a minute repeater, an instantaneous perpetual calendar, and a monopusher chronograph. The perpetual calendar is displayed with remarkable clarity through three apertures at 10:30, 12 o’clock, and 1:30, all of which jump instantaneously at midnight. This ingenious system not only enhances legibility but also avoids the potential misreading common to gradual calendar changes. To achieve such precision, Patek Philippe developed a dedicated module capable of delivering the exact amount of power in a single synchronized pulse. Completing the calendar is a moon phase display, an emblematic feature of the maison’s perpetual calendars for over a century. The movement, a marvel of modern watchmaking, consists of an astonishing 719 components, each meticulously hand‑finished. Its complexity is matched only by the elegance of its design, with the platinum case and restrained dial concealing a mechanical symphony of complications.

Produced in extremely limited numbers and reserved for only the most distinguished clients, the ref. 5208P is closely associated with Thierry Stern, who is often seen wearing this very model. Allocation of the watch has always required personal approval by the Stern family, a testament to its exclusivity. The present “fresh-to-the-market” example, offered by its original owner in unworn condition and accompanied by its complete set of original accessories. Discontinued, the ref. 5208P is exceptionally difficult to encounter on the secondary market. Its appearance here underscores both its rarity and desirability, qualities that confirm its place as one of the most important modern Patek Philippe grand complications. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5208P-001

964.

A. LANGE & SÖHNE — A fine and very rare white gold wristwatch with small seconds, power reserve indication, oversized date, mother-of-pearl guilloché dial and presentation box

朗格，「Lange 1 Soirée」型號 110.030，精細及非常罕有，白金腕錶，備天然珠母貝璣鏤錶盤、日期、動力儲存顯示，約2001年製。附後補證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 2001

Reference No. 110.030 Movement No. 19’632 Case No. 133’252 Model Name Lange 1 Soirée Material

18K white gold

Calibre Manual, cal. L901.4, 53 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold A. Lange & Söhne pin buckle Dimensions 38.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by A. Lange & Söhne Proof of Origin dated 23rd February 2021, service invoice in April 2021, fitted presentation box and outer packaging.

Produced in extremely limited quantities, the present Lange 1 is a true spectacle, featuring an iridescent dial crafted entirely from mother-of-pearl. Enhanced with hand-finished guilloché patterns, this natural material shimmers in the light, subtly revealing a spectrum of colors beneath its surface. Motherof-pearl is a delicate material requiring the expertise of highly skilled artisans for its perfection and carving. Housed in a 18K white gold case, this example retains all the signature elements of the Lange 1, including the patented oversized date, power reserve indicator and the in-house caliber L901.4. Offered in excellent overall condition, this Lange 1 Soirée was serviced by A. Lange & Söhne in 2021 and comes with its Proof of Origin and presentation box. A rare find, this watch is designed to impress and will elevate any outfit.

965.

A. LANGE & SÖHNE — A well-preserved and attractive white gold wristwatch with dark blue gold flux dial, diamond-set bezel, oversized date, moon phases, power reserve indication, guarantee and presentation box

朗格，「Little Lange 1 Moon Phase」型號182.886，精美罕有，白金腕錶，備深藍色砂金石玻璃錶盤、鑲鑽錶圈、月相、動力儲存、大型日期顯示，約2022 年製。附原裝證書、錶盒、配件、調整筆 Manufacturer

A. Lange & Söhne

Year

Circa 2022

Reference No. 182.886 Movement No. 151’649 Case No. 257’517 Model Name Little Lange 1 Moon Phase Material

18K white gold

Calibre Manual, cal. L121.2, 44 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold A. Lange & Söhne pin buckle Dimensions 36.8mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by A. Lange & Söhne guarantee stamped A. Lange & Söhne Boutique Seoul dated 22nd December 2022, leather folio, instruction manual, product literature, setting pin, cloth, fitted presentation box and outer packaging.

In 1997, Lange released a downsized version of the Lange 1 with the introduction of the Little Lange 1 with a reduced case size of 36.8mm. Throughout the years, the Little Lange 1 continued to flourish with various case metals and dial materials. In 2009, Lange celebrated the 15th anniversary of the brand’s reintroduction by debuting a new collection – the Little Lange 1 Moon Phase. 2021 saw the introduction of two striking Little Lange 1s fitted with aventurine (or “gold flux”) dials – one with plain bezel (the present example) and one with round brilliant diamondset bezel of 1.2 carats. The watch is fitted with a solid silver dial coated with a thin layer of aventurine glass filled with microscopic copper oxide crystals. This unique coating creates mesmerizing visual depth and a subtle shimmer. Continuing the celestial theme, the hour markers are crafted as tiny white gold stars, while the moon phase disc features an applied white gold moon, adding an extra touch of glamour. The date wheel is color-matched as a further subtle touch to complement the starry night sky. Extremely well-preserved and complete with its full set of accessories, the present Little Lange 1 Moon Phase is an ideal companion with a riveting celestial dial and harmonious case proportions.

966.

A. LANGE & SÖHNE — A very rare and attractive limited edition platinum tourbillon wristwatch with small seconds, date, power reserve indication, numbered 38 of a limited edition of 150 pieces

朗格，「Lange 1 Tourbillon」型號704.025，非常精細罕有，限量版鉑金陀飛輪腕錶，備動力儲存、日期顯示，限量發行150枚，編號38號，約2000年代製。附後補證書 Manufacturer

A. Lange & Söhne

Year

Circa 2000s

Reference No. 704.025 Movement No. 16’136 Case No. 129’288, 38/150 Model Name Lange 1 Tourbillon Material

Platinum

Calibre Manual, cal. L961.1, 49 jewels Bracelet/Strap Leather Clasp/Buckle Platinum A. Lange & Söhne pin buckle Dimensions 38.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 400,000–800,000 USD 51,300–103,000 Accessories Accompanied by correspondence from A. Lange & Söhne from 2013 confirming the present reference was discontinued in 2005. Further delivered with A. Lange & Söhne proof of origin confirming its production.

In 1900, A. Lange & Söhne introduced the Jahrhunderttourbillon, or “Tourbillon of the Century,” a remarkable pocket watch featuring a tourbillon carriage crafted by Fridolin Stübner. This piece, numbered 41000, was adorned with a stunning enamel scene of Minerva before Paris and earned the brand a special jury prize. A century later, in 2000, A. Lange & Söhne honoured this legacy with the present Lange 1 Tourbillon, a bold evolution of its flagship model, driven by the visionary Günter Blümlein, who challenged the brand’s traditional design codes. Released in platinum (ref. 704.025) and pink gold (ref. 704.032), limited to 150 and 250 pieces respectively, the Lange 1 Tourbillon retained the proportions of the original Lange 1. Notably, the center points of the hour/minute dial, big date, and tourbillon form an equilateral triangle. However, the small seconds subdial was repositioned within the hour/minute ring, deviating from the collection’s established layout. The tourbillon itself spins counterclockwise and features an open-arm carriage reminiscent of Lange’s historic pocket watches. Powered by the calibre L961.1, the movement showcases signature Lange finishing: wide stripes, gold chatons, blued screws, and a hand-engraved tourbillon bridge. Numbered 38 of 150, the present example is offered in excellent condition along with its proof of origin, representing a significant chapter in the brand’s history and the enduring legacy of Günter Blümlein and Reinhard Meis.

A. LANGE & SÖHNE

Lange 1 Tourbillon

967.

A. LANGE & SÖHNE — An innovative white gold hour and quarter striking wristwatch with digital time display, hack feature, power reserve, guarantee, and presentation box

朗格，「Zeitwerk Striking Time」型號145.029，精細，白金自鳴報時報刻腕錶，備數字讀時、動力儲存顯示，約2015年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 2015

Reference No. 145.029 Movement No. 110’179 Case No. 219’421 Model Name Zeitwerk Striking Time Material

18K white gold

Calibre Manual, cal. L043.2, 78 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold A. Lange & Söhne pin buckle Dimensions 44.2mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 400,000–780,000 USD 51,300–100,000 Accessories Accompanied by A. Lange & Söhne guarantee stamped GT Time Limitada San Jose Costa Rica dated 15 September 2015, additional A. Lange & Söhne strap, fitted presentation box and outer packaging.

Launched in 2011, the Striking Time was Lange’s first chiming wristwatch, housed within the bold Zeitwerk collection rather than a classical case. It incorporates a quarter-striking mechanism that chimes every fifteen minutes, with distinct tones for quarter-hours and full hours. These chimes are produced by hand-polished hammers striking tuned gongs, both visible on the dial, offering a rich and emotionally resonant auditory experience. A pusher at four o’clock allows the wearer to silence the chimes, enhancing its versatility. The watch is powered by the manually wound calibre L043.2, featuring a constant-force escapement adapted from the Lange 31. This ensures consistent energy delivery despite the digital display’s demands. The movement comprises over 500 components, each meticulously hand-finished and assembled twice to meet Lange’s exacting standards. Since its debut in 2009, the Zeitwerk family has expanded to seventeen references, including limited editions and models with additional complications such as decimal strike and minute repeater. Discontinued in late 2022, possibly to make way for updated Zeitwerk models and to focus on repeater production, the Striking Time remains a collector’s treasure. The present example, offered in excellent condition with its original accessories, pairs an 18K white gold case with a striking black dial crafted from solid silver. It distinguishes itself from the 18K pink gold and limited-edition platinum variants. It is a compelling acquisition for discerning collectors. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR 重要亞洲私人收藏

A. LANGE & SÖHNE Zeitwerk Striking Time

•

968.

CARTIER — A large, rare and attractive pink gold jumping hours wristwatch with rotating minute disc, guilloché dial, certificate and presentation box

卡地亞，「Rotonde de Cartier Jump Hour」型號 W1553751，罕有，玫瑰金跳時腕錶，備璣鏤錶盤，約2010年代製。附原裝證書、錶盒 Manufacturer

Cartier

Year

Circa 2010s

Reference No. W1553751 Movement No. 85 Case No. 180 and 2952K Model Name Rotonde de Cartier Jump Hour Material

18K pink gold

Calibre Manual, cal. 9905 MC, 22 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Cartier deployant clasp Dimensions 42mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 40,000–80,000 USD 5,100–10,300 Accessories Accompanied by blank Cartier Certificate stamped Maier Joaillier, Lyon, additional crocodile strap, instruction manual, red folder, fitted presentation box and outer packaging.

The Rotonde de Cartier collection has long served as a platform for Cartier to explore complications in watchmaking. This collection features remarkable timepieces that blend elegance with impressive technical prowess. Encased in 18K pink gold, this present watch stands out from traditional Cartier designs, which emphasize larger and more ornate styles. Measuring 42mm, the dial of the Rotonde de Cartier Jump Hour boasts a unique construction. Its tonal aesthetic, featuring various shades of grey and silver, is highlighted by a Roman numeral jump hour aperture at 12 o’clock, framed by the same plate that serves as the indices for the rest of the dial. This raised central platform adds depth to the Jump Hour display, enhanced by its rosette guilloché pattern, Cartier-signed cartouche, and the minute scale chapter ring. A hidden minute hand appears as a grey concentric brushed ring just within the minute scale, with a black arrow indicating the minutes. Powered by the in-house manual-wind cal. 9905MC, the Rotonde de Cartier Jump Hour exemplifies Cartier’s ability to transform the classic jump hour design into a unique and captivating piece that aligns seamlessly with their design ethos. Offered with all accessories and without reserve, this timepiece is undoubtedly a special release from Cartier. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR 重要亞洲私人收藏

THIS LOT IS OFFERED WITHOUT RESERVE

969.

CARTIER — A rare, stunning and “new-old-stock” white gold wristwatch with floating diamonds Panthère motif red lacquered dial, diamond-set bezel, guarantee and presentation box

卡地亞，「Révélation d’une Panthère」型號4221，迷人罕有，白金腕錶，備漂浮鑽石獵豹圖案紅色漆面錶盤、鑲鑽錶圈，約2021年製。附原裝證書、錶盒、配件 Manufacturer

Cartier

Year

Circa 2021

Reference No. HPI01480, 4221 Case No. 230481AX Model Name Révélation d’une Panthère Material

18K white gold and diamonds

Calibre Manual, cal. 430MC, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold and diamond-set Cartier deployant clasp Dimensions 37mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Cartier guarantee card dated 18th December 2021, blank numbered certificate, instruction manual, red leather holder, loupe, 2 additional crocodile straps, cloth, fitted presentation box and outer packaging.

Graceful and majestic, the Panthère has long been the emblematic muse for Cartier since 1914. Embracing power, freedom and essence of femininity, it made its first appearance as a first commissioned “Lady With a Panther” illustration for a jewellery exhibition invitation by George Barbier. From abstract to figurative representation, Louis Cartier appointed Jeanne Toussaint, first woman to lead the creative department for the maison, from there onwards, she created a legacy of Panthère de Cartier that lasted decades and still going strong now. Excelled with creativity and innovation, Cartier stunned the world of watchmaking in 2018 with the Révélation d’une Panthère watch. As magical as the famous mystery clock, the model features a spectacular design that forms the face of a panther which appears and disappears with the movements of the wrist. First outlined by a multitude of mobile tiny gold balls and in 2019, Cartier replaced the gold balls with 650 brilliantcut diamonds like the present timepiece. Cartier patented two applications for this creation: one for the nature of the fluid that regulates the speed at which the gold balls and diamonds move, the other for the completely invisible glass structure. Sized at 37mm and cased in white gold with the signature Cartier Red dial, the present unworn, “new-old-stock” gem is simply next-level compared to the 2018 release. The ultimate party trick that dress to impress, this timepiece accompanied with all its accessories is the one to go for. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

970.

VAN CLEEF & ARPELS — A unique and elegant platinum and diamond-set tourbillon wristwatch with sapphire hummingbird, carved rubies flowers, branches and leaves motifs, lacquered dial, mother-of-pearl movement, guarantee and presentation box

梵克雅寶，「Tourbillon Colibri」，非常精細及獨一無二，鉑金鑲鑽石陀飛輪腕錶，備鑲藍寶石蜂鳥、鑲紅寶石花卉、枝葉圖案及珠母貝機芯，約2010年代製。附原裝證書、錶盒 Manufacturer

Van Cleef & Arpels

Year

Circa 2010s

Case No.

Piece Unique, HH16431, 9’560’109

Model Name Tourbillon Colibri Material Platinum, diamonds, sapphires, rubies and mother-of-pearl Calibre Manual, 22 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Van Cleef & Arpels deployant clasp Dimensions 42mm diameter Signed Case, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by blank Van Cleef & Arpels guarantee, instruction manual, fitted presentation box and outer packaging.

Van Cleef & Arpels’ Poetic Complications® collection celebrates the art of storytelling through watchmaking. The timepiece presented here is a piece unique, inspired by the Colibri Box. The word “colibri” means hummingbird in both Spanish and Portuguese. In 1938, Queen Nazli of Egypt, mother of King Farouk and Princess Fawzia, personally commissioned Van Cleef & Arpels to create the exquisite bespoke box. It showcases Maison’s patented Mystery Set technique, where gems are set in a way that conceals the metal, allowing the gemstones to shine with uninterrupted brilliance. The Colibri Box is now part of the Maison’s private collection. The dial of the present timepiece draws directly from the Colibri Box’s design. Several goldsmithing techniques are used to bring it to life. One of these is known as en tremblant, where the artisan chisels the dial radius by radius while intentionally allowing the hand to tremble. This technique enhances the depth and luminosity of the Chinese lacquer, which is applied in successive coats. The lacquer’s full richness is revealed through a motif engraved on the backing plate. Meanwhile, master craftsmen sculpt gold to form the intricate details. Each leaf vein is carefully chiselled, the hummingbird’s wings are adorned with sapphires, and the flower petals are shaped to highlight the brilliance of the rubies. On the reverse side, the sapphire caseback reveals a captivating mother-of-pearl movement, highlighted by a diamond-set tourbillon bridge. This present example is offered in excellent condition and accompanied by its complete set of accessories, presenting a rare opportunity for collectors who appreciate the harmony of complication and exquisite gem-setting. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

VAN CLEEF & ARPELS Tourbillon Colibri, Unique Piece

971.

PATEK PHILIPPE — A well-preserved, incredibly elegant and lavish white gold, diamond and rose sapphire-set lady’s wristwatch with diamond and rose sapphire-set engraved mother-of-pearl dial, Certificate of Origin and presentation box

百達翡麗，「Calatrava Haute Joaillerie」型號4899/ 900G-001，精細優雅，白金鑲鑽及粉紅色藍寶石女裝自動腕錶，備鑲鑽及粉紅色藍寶石珠母貝錶盤，約2019年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2019

Reference No. 4899/900G-001 Movement No. 7’150’276 Case No. 6’235’754 Model Name Calatrava Haute Joaillerie Material 18K white gold, diamonds, rose sapphires and mother-of-pearl Calibre Automatic, cal. 240, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold, diamonds and rose sapphires-set Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 250,000–500,000 USD 32,100–64,100 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Yoshida Watch Store, Tokyo dated 20 July 2019, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

The Patek Philippe Calatrava Haute Joaillerie ref. 4899/900G001, unveiled at Baselworld 2017, is a masterful fusion of watchmaking and gemsetting artistry. Designed for women, this exquisite timepiece showcases Patek Philippe’s ultra-thin selfwinding calibre 240 movement, celebrating its 40th anniversary. Crafted in 18K white gold, the present example features a delicately engraved mother-of-pearl with diamonds and rose sapphires arranged to evoke the flow of sand in an hourglass. The upper half of the dial is decorated with hand-engraved feather motifs in varying rose tones, enhancing its feminine charm. Leaf-shaped hour and minute hands in 18K white gold are also intricately engraved, adding to the artisanal detail. The case is set with diamonds and rose sapphires in staggered rows, creating a romantic interplay of sparkle and warmth. The crown and clasp are equally lavish, featuring a combined total of 250 diamonds (1.505 carats) 265 rose sapphires (2.535 carats), all meticulously set by master jewellers in accordance with the Patek Philippe Seal. Presented in excellent condition with its original accessories and offered at Phillips for the first time, the present example is a true celebration of craftsmanship, elegance, and timeless femininity.

972.

PATEK PHILIPPE — A well-preserved and attractive pink gold lady’s wristwatch with diamond-set bezel, brown guilloché dial, Certificate of Origin and presentation box

百達翡麗，「Calatrava」型號4897R-001，精細，玫瑰金女裝腕錶，備鑲鑽錶圈、棕色璣鏤錶盤，約2023年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2023

Reference No. 4897R-001 Movement No. 7’275’764 Case No. 6’343’436 Model Name Calatrava Material

18K pink gold and diamonds

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Satin Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 95,000–190,000 USD 12,200–24,400 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Juwelier Kuhnle, Fürth dated 7 July 2023, instruction manual, product literature, leather folio, fitted presentation box and outer packaging.

The now-discontinued Patek Philippe Calatrava ref. 4897R is a sophisticated reinterpretation of the brand’s ultra-thin ladies’ timepiece, presented in a warm 18K pink gold case. It was introduced in 2009 as a response to the enthusiastic reception of ultra-thin mechanical watches for women following the launch of ref. 4896G in 2006. The ref. 4897R retains the signature elegance of the collection. Its bezel is adorned with 72 Top Wesselton round diamonds, framing a dial decorated with a concentrically guilloché wave motif that adds depth and refinement. In addition to the rich dark chocolate brown dial seen in the present example, the model was also offered in champagne, blue, and pearly white variants. The dial is further enhanced by pink gold arrow-shaped hour markers and faceted dauphine hands that appear to float above the surface, contributing to its ethereal charm. At its heart, the Calatrava ref. 4897R is powered by the ultra-thin, manually wound calibre 215, a hallmark of Patek Philippe’s dedication to mechanical excellence and artisanal craftsmanship. Offered in well-preserved condition along with its original accessories, this distinctive present example is further elevated by its original brown satin strap, which harmoniously echoes the rich tones of the dark chocolate brown guilloché dial. This thoughtful pairing enhances the watch’s visual coherence and elegance, underscoring the brand’s meticulous attention to detail.

973.

PATEK PHILIPPE — A possibly unique yellow gold square-shaped turquoise-set lady’s wristwatch with matching turquoise-set bracelet

百達翡麗，型號4291/1，可能獨一無二，黃金女裝方形腕錶，備綠松石錶盤、錶圈、鏈帶，1978年製。附後補證書 Manufacturer

Patek Philippe

Year

1978

Reference No. 4291/1 Movement No. 1’395’501 Case No. 2’765’332 Material

18K yellow gold and turquoise

Calibre Manual, cal. 16-250, 18 jewels Bracelet/Strap 18K yellow gold and turquoise Patek Philippe bracelet, max length 175mm Clasp/Buckle 18K yellow gold and turquoise Patek Philippe clasp Dimensions 33mm width x 33mm length Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 240,000–400,000 USD 30,800–51,300 Accessories Accompanied by product literature, slip case and Patek Philippe Japan service invoice dated 11 March 2025. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1978 and its subsequent sale date on 11 December 1989.

Iconic references such as the ref. 3588/2G, ref. 3729/1G, and ref. 3733/1G showcased intricate engraving, lapis dials, and integrated bracelets. The Golden Ellipse emerged as a defining motif, extending into jewellery and accessories. Case makers like Atelier Réunis played a key role in crafting these avant-garde pieces. Ultimately, the 1970s Patek watches are celebrated today for their elegance, innovation, and defiance of convention during a time of industry upheaval. The exceptionally rare ref. 4291 was introduced in 1976, and to date, no known examples have appeared on the market. Strikingly unconventional and possibly unique, the present timepiece is a bold expression of the creativity and flamboyance of its time. Likely commissioned by a distinguished client, the turquoise-set dial, bezel and bracelet form a visually captivating ensemble that invites a second glance. As indicated by the “key number 5” mark inside the caseback, the case of the present timepiece was made by George Croisier, one of the important casemakers in Geneva. It is noteworthy that the watch was sold eleven years after its production in 1989, a significant year for Patek Philippe as it marked the brand’s 150th anniversary. Fully supported by the Extract from the Archives, this timepiece represents a rare and exceptional opportunity for collectors seeking something truly distinctive. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

Lot. 974 NO LOT

PATEK PHILIPPE

Ref. 4291/1, Possibly Unique

975.

PIAGET — A unique and incredibly attractive yellow gold wristwatch with brown Pietersite dial, stepped case, guarantee and presentation box, made for Only Watch 2017

伯爵，「Black Tie “Andy Warhol”」型號 P11446，十分精細及獨一無二，黃金自動腕錶，備棕色彼得石錶盤，特為「Only Watch 2017」發行，約2017年製。附證書、錶盒 Manufacturer

Piaget

Year

Circa 2017

Reference No. P11446 Case No. 1’201’986 Model Name Black Tie “Andy Warhol” Material

18K yellow gold

Calibre Automatic, cal. 534P, 25 jewels Bracelet/Strap

Leather

Clasp/Buckle 18K yellow gold Piaget pin buckle Dimensions 42mm height x 45mm width Signed Case, crystal, movement and buckle signed, caseback further engraved “Only Watch 2017 – Unique Piece” Estimate HKD 250,000–500,000 USD 32,100–64,100 Accessories Accompanied by blank Piaget guarantee, instruction manual, product literature, fitted presentation box and outer packaging.

Piaget is among the most inventive brands. The unrestrained creativity they pour in their oeuvre is as apparent today as it was half a century ago, during the 1960s and 1970s - a golden age for design. Not only during these years Piaget started to create jewellery, but it also devised some of its most audacious timepieces, ranging from gem-set watches to incredible design creations. The present wristwatch is a modern interpretation of one of the most iconic Piaget watches of the time: the Black Tie, aka “Andy Warhol” after one of its most illustrious wearers. Intriguingly, rather than experimenting with organic or over the top designs as it often did back then, Piaget opted in this case for a very monolithic architecture, defined by a massive cushionshaped case with multiple steps to the bezel. Deceitfully simple, in fact nailing the perfect proportions - as the brand did - so that the watch manages to convey elegance and gravitas at the same time is at the opposite side of the spectrum than “simple”. It was originally created to house the revolutionary Beta21 movement - the first Swiss quartz movement. Recognising the timeless appeal of their design, the brand revived it in 2015. Created for Only Watch 2017, the present example is a unique piece of the revived line featuring an incredible brown Pietersite dial with a yellow gold case. Extremely rich in texture, the yellow gold stepped case beautifully complements the dial. A statement of design and elegance such as few others, this unique piece not only is in perfect condition but it is also offered complete with its original box and warranty. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR

重要歐洲私人收藏

976.

ROLEX — An incredibly rare and exquisite yellow gold wristwatch with center seconds, Chinese day and date, diamond-set indexes, bull’s eye dial, bracelet, guarantee and presentation box

勞力士，「Day-Date」型號118238，十分罕有，黃金自動鏈帶腕錶，備牛眼石錶盤、鑽石時標、中心秒針、中文日期及星期顯示，約2001年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 2001

Reference No. 118238 Movement No. 38’935’382 Case No. K999’527 Model Name Day-Date Material

18K yellow gold

Calibre Automatic, cal. 3155, 31 jewels Bracelet/Strap 18K yellow gold Rolex President bracelet, max length 175mm Clasp/Buckle 18K yellow gold Rolex concealed folding clasp stamped “83858” and “DT6” Dimensions 36mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 200,000–350,000 USD 25,600–44,900 Accessories Accompanied by Rolex guarantee stamped Lee Chay Watch, Singapore dated 21 Nov 2003, international service guarantee dated 24 March 2022, instruction manual, leather card holder, hang tag, fitted presentation box and outer packaging.

The present Rolex Day-Date reference 118238 from the early 2000s features an exceptionally rare bull’s eye dial adorned with diamond-set indexes. Despite bull’s eye hardstone being renowned for its striking visual appeal, it is seldom used in watchmaking. Its unique patterns, often resembling a bull’s eye, enhance the shimmering effect of the watch, making it an extremely special choice. Bull’s eye dials are incredibly scarce, with only a handful of examples ever appearing at auction. Hardstone dials from Rolex have consistently captivated enthusiasts due to their vibrant colors, unique textures and rarity, requiring meticulous precision and dedication to craft such mesmerizing dials. This example boasts a case with clean, sharp edges and a dial that shows no cracks or fissures. A notable feature is the rare Chinese day and date indication, which is quite uncommon in the market. This may have been a special request by the original owner, reflecting the cultural identity of its wearer. Furthermore, it is accompanied by its guarantee and presentation box, enhancing its collectability.

977.

ROLEX — A rare and highly attractive platinum wristwatch with center seconds, Eastern Arabic numerals, day and date, bracelet, guarantee and presentation box

勞力士，「Day-Date 40」型號228206，精細罕有，鉑金自動鏈帶腕錶，備阿拉伯數字時標、星期、日期顯示，約2017年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2017

Reference No. 228206 Case No. N2’442’620 Model Name Day-Date 40 Material

Platinum

Calibre Automatic, cal. 3255, 31 jewels Bracelet/Strap Platinum Rolex President bracelet, max length 195mm Clasp/Buckle Platinum Rolex concealed folding clasp Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 470,000–940,000 USD 60,300–121,000 Accessories Accompanied by Rolex international guarantee stamped Gasser Co., Cairo dated 2 February 2017, instruction manual, green cardholder, 2 hang tags, fitted presentation box and outer packaging.

Rolex is known to have created some of the most interesting, beautiful and unusual Day-Dates for the Arab States in the Gulf. The manufacturer’s custom pieces date back to the 1950s, when a small number of Eastern Arabic discs were incorporated into Day-Date watches encased in the most luxurious metals, notably platinum. Today, Rolex continues to dazzle and surprise, with its unusual and beautifully finished watches. It cultivates and sustains its successful relationship with the Arab States by producing a multitude of special-ordered watches for the region. The present model, ref. 228206, is produced in exceedingly limited numbers and is only sold by Middle Eastern retailers, paying tribute to the diamond-frosted Arabic Day-Dates of the 1970s, most notably in its applied Eastern Arabic numerals, which is almost identical in design to the beloved vintage Arabic Day-Dates of the past. The watch is cased in platinum, a further nod to the original DayDates made for the region. A statement piece, its 40mm platinum case matched with the coolest ice blue dial has a great wrist presence and gives the watch incredible weight, truly attesting to Rolex’s ingenuity. This watch from circa 2017 is presented in excellent condition with its sophisticated large sized Rolex green box.

ROLEX

Ref. 228206, Day-Date 40 For Middle East

978.

PATEK PHILIPPE — A massive, very rare and highly attractive white gold flyback chronograph wristwatch with bracelet, date, diamond-set indexes, Certificate of Origin, setting pin and cork presentation box, one of a limited edition of 1,300 pieces, made to commemorate the 40th anniversary of Patek Philippe Nautilus

百達翡麗，「Nautilus 40th Anniversary」型號 5976/1G-001，十分精細罕有，限量版白金自動飛返計時鏈帶腕錶，備方鑽時標、日期顯示，特為紀念百達翡麗「Nautilus」四十週年限量發行1,300枚，約2016年製。附原裝證書、水松木錶盒、錶盒、調整筆 Manufacturer

Patek Philippe

Year

Circa 2016

Reference No. 5976/1G-001 Movement No. 7’019’846 Case No. 6’147’377 Model Name Nautilus 40th Anniversary Material

18K white gold and diamonds

Calibre Automatic, cal. CH 28-520 C, 35 jewels Bracelet/Strap 18K white gold Patek Philippe bracelet, max length 210mm Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 44mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 1,200,000–2,400,000 USD 154,000–308,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Wempe, London, dated 21 December 2016, limited edition attestation, instruction manual, product literature, setting pin, hang tag, leather folio, retail warranty stamped London dated 21 December 2016, fitted cork presentation box and outer packaging.

The Patek Philippe Nautilus is one of the most iconic and coveted luxury wristwatches of all time, and to celebrate the model’s 40th anniversary in 2016, the manufacture unveiled two exceptional limited edition timepieces. Among them was the Ref. 5976/1G001, a striking chronograph that pays tribute to the Nautilus legacy while introducing bold new design elements. Featuring a commemorative dial embossed with ‘1976-40-2016’, diamondset hour markers, and an enlarged 44mm white gold case—the largest ever in the Nautilus family—this reference stands as one of the most unique and significant models in the collection. The Ref. 5976/1G-001 draws inspiration from the earlier ref. 5980, released in 2006 to mark the Nautilus’s 30th anniversary. Powered by the same self-winding calibre CH 28-520 C, the ref. 5976 retains the same case thickness as its predecessor but, thanks to its larger diameter, wears thinner and more comfortably on the wrist. Produced in a limited edition of 1,300 unnumbered pieces, the ref. 5976/1G-001 was released alongside the platinum Ref. 5711/1P, both featuring the commemorative dial and diamond hour markers. The present fresh-to-the-market example is a truly exceptional find in excellent condition. It comes complete with all its original accessories, including the highly prized cork presentation box, Certificate of Origin, and documentation. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5976/1G-001, Nautilus 40th Anniversary

979.

PATEK PHILIPPE — A “new-old-stock”, rare and exceptional platinum world time wristwatch with bracelet, cloisonné enamel dial depicting the North Pole, Certificate of Origin and presentation box

百達翡麗，「World Time」型號5131/1P-001，極度精細罕有，鉑金自動世界時區鏈帶腕錶，備北極地圖掐絲琺瑯錶盤，約2019年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2019

Reference No. 5131/1P-001 Movement No. 7’171’939 Case No. 6’260’697 Model Name World Time Material

Platinum

Calibre Automatic, cal. 240 HU, 33 jewels Bracelet/Strap Platinum Patek Philippe bracelet, max length 190mm Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 39.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 660,000–1,280,000 USD 84,600–164,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe Salon Geneva, dated 10 May 2019, Rare Handcrafts Certificate of Authenticity, instruction manual, product literature, leather folio, hang tag, fitted presentation box and outer packaging.

Launched in 2008, the Patek Philippe ref. 5131 World Time builds upon the architecture of the ref. 5130 yet distinguishes itself with a breathtaking cloisonné enamel dial depicting the world’s continents. This artistry places the reference among the manufacture’s most coveted creations, uniting high horology with rare handcrafts. Only a handful of master enamellers are capable of executing cloisonné, a process requiring fine gold wires meticulously shaped into outlines and filled with colored enamel pastes, each layer fired repeatedly at 700–800°C. The result is a miniature work of art, unique to every dial. The World Time itself is deeply ingrained in Patek Philippe’s heritage. Conceived in the 1930s by Louis Cottier, it was first adopted in the legendary ref. 1415, employing a revolving city disc paired with 24 time zones. This ingenious mechanism became a house signature, evolving subtly over the decades. After production paused in the mid‑1960s with the discontinuation of the ref. 2523, Patek revived the complication in 2000 with the ref. 5110, later succeeded by the larger 5130 in 2006. Among the variations of the ref. 5131, perhaps the rarest is the platinum ref. 5131/1P‑001, introduced in 2017 with an impressive integrated platinum bracelet. Discontinued in 2021, demand for these exceptional world‑time models has only intensified. The present example, kept in “new-old-stock” condition with its full set of accessories including a Rare Handcrafts Certificate of Authenticity, is exceptionally collectible for those seeking an enamel dial world time in the heftiest of precious metals.

PATEK PHILIPPE

Ref. 5131/1P-001, World Time

980.

PATEK PHILIPPE — An exceedingly rare and important stainless steel single button split-seconds chronograph wristwatch with Breguet numerals, additional solid caseback, Certificate of Origin and presentation box

PATEK PHILIPPE

Ref. 5950A-001

980.

百達翡麗，型號5950A-001，極度精美罕有，精鋼單鈕追針計時腕錶，備寶璣數字時標，約2013年製。附原裝證書、錶盒、備用底蓋、配件 Manufacturer

Patek Philippe

Year

Circa 2013

Reference No. 5950A-001 Movement No. 5‘251‘288 Case No. 4‘567‘237 Material

Stainless steel

Calibre Manual, cal. CHR 27-525 PS, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Patek Philippe engraved pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 2,000,000–4,000,000 USD 256,000–513,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Cortina Watch Pte Ltd. Singapore, dated 20 November 2013, instruction manual, product literature, photograph, leather portfolio, additional solid caseback, slipcase, key, fitted presentation box and outer packaging. Literature Reference 5950A is illustrated in Patek Philippe Steel Watches by John Goldberger, book cover and pp. 308-309.

Patek Philippe’s split seconds chronograph production can be split (pun intended) into two divergent camps: those with a single button operating the chronograph mechanism through the crown and those with the traditional two-button layout. The first split seconds chronograph wristwatch produced by Patek Philippe came in 1923, with a Victorin Piguet-based ebauche housed in a yellow gold officer-style case. Subsequent split seconds chronographs produced in series had two buttons: the ref. 1436, ref. 1563, and the piece-unique ref. 2512. All these references are highly coveted by collectors to this day. Patek Philippe wouldn’t produce another split-seconds chronograph until 2005 - the ref. 5959. In very much Patek Philippe style, the all-new, in-house ultra-thin movement cal. CHR 27-525 PS sports a single-button architecture, harkening back to the very first split seconds chronographs made by them. This groundbreaking, fully in‑house movement was then the world’s thinnest split‑seconds and column‑wheel chronograph, embodying the manufacture’s mastery of complications. At Baselworld in 2010, Patek Philippe announced ref. 5950, a cushion-style, single button split-seconds chronograph with the same in-house movement but boasting subtle Belle Époque styling. The model is a treasure trove of surprises, the most obvious one being the fact that it is a highly complicated Patek Philippe model in steel. Piling on this foundation, we can find

traits that seem designed to delight the connoisseur: from the applied black gold Breguet numerals to the black lacquer scroll detailing at the corners and on the buckle, and even in the corners of the additional solid caseback. The dial surface features an opaline/ivory finish obviously reminiscent of vintage watches, a feeling boosted by the railway fifth-of-a-second divisions and Arabic (in fact using a Breguet font, another subtle detail highlighting the meticulous design process behind the model) five-minutes divisions. Production of the ref. 5950A is believed to have been extremely limited as they were “application” pieces reserved for the brand’s most cherished clients. According to research, only 16 examples are known to the market. The present watch is “fresh-to-the-market”, making it the 17th example known. Preserved in exceptional condition and complete with its full set of accessories, including an additional solid caseback with the same styling found on the dial, movement and buckle, this watch is undeniably charming and exudes sophistication. Complicated steel Patek Philippes are today regarded as “endgame” watches for collectors—the ref. 5950A is easily a category of its own and one of the most compelling creations of modern Patek Philippe. It’s no wonder that Mr. Goldberger chose this reference as the cover illustration for his seminal book Patek Philippe Steel Watches. PROPERTY OF AN IMPORTANT COLLECTOR IN JAPAN

重要日本私人收藏

PATEK PHILIPPE

Ref. 5950A-001

981.

PHILIPPE DUFOUR — An extremely rare and attractive pink gold wristwatch with grey guilloché dial, certificate and presentation box

PHILIPPE DUFOUR

Simplicity, One of two publicly known

981.

PHILIPPE DUFOUR — An extremely rare and attractive pink gold wristwatch with grey guilloché dial, certificate and presentation box

Philippe Dufour，「Simplicity」型號，極度重要罕有，玫瑰金小三針腕錶，備灰色璣鏤錶盤，機芯編號173 號，約2012年製。附錶盒、原裝證書 Manufacturer

Philippe Dufour

Year

Circa 2012

Movement No. 173 Model Name Simplicity Material

18K pink gold

Calibre Manual, cal. 11. 21 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Philippe Dufour pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 2,000,000–3,200,000 USD 256,000–410,000 Accessories Accompanied by Philippe Dufour certificate dated January 2012, fitted presentation box and outer packaging.

A silhouette that is truly unique, a man with a loupe on his head, puffing out smoke from his elegant pipe in his Atelier amongst the peaceful valley of Le Solliat in the Vallée de Joux. Philippe Dufour is a name that’s foreign to none in the world of horology, a true living legend and guardian of traditional watchmaking in our times. After having proven his undeniable talent and expertise in creating ultra-complicated mechanisms, he set out in the year 2000 to create yet another icon. Classic and understated, a three-handed timepiece, the Simplicity is a masterpiece. The Simplicity model was introduced in 2000 as a nod to traditional Swiss watchmaking, with each timepiece being handmade and assembled. The model was produced in different variations, with pink or white gold cases, a smaller model with 34mm diameter case, and a larger model with 37mm case. Dufour also created two dial types, one in plain lacquer and the other with a hand-guilloché dial. Initially, the Simplicity was supposed to be limited to only 100 watches, but due to the incredible demand from clients and collectors, Dufour extended that number to circa 205. Japan was known to have a large and passionate following since the very early days, as a result 204 Simplicities that were made between 2000 and 2012, approximately 120 of them were sold in Japan. Resided in a private Japanese collector’s collection for 13 years since 2012, the present Simplicity is truly a special one. Cased in a 37mm pink gold case is one of the rarest configuration from

the model, the grey guilloché dial. One of only two known up to this date, the present example is fresh-to-the-market and numbered 173 on the movement. The gentle flow of the bridges’ curves, the bold and alluring inward and outward angles, the hand applied Geneva waves and red rubies provide a seductive visual harmony. Needless to say that the decoration and assembly are done by hand explaining the fact that less than a dozen Simplicities per year left Dufour’s workshops in the Vallée de Joux. For the astute connoisseurs, everyday was a pleasure to wait, the craftsmanship of a Dufour timepiece is just divine, and not to mention the delightful sound when wounding a Simplicity. Furthermore, it is preserved in a wonderful condition with its original strap and complete with its original certificate and presentation box. A legacy that’s unquestionable, a force and statement of horological craftsmanship, Phillips is honored to present this timepiece for collectors who seek for an unusual combination of the Simplicity that left Dufour’s workbench to Japan in 2012. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

PHILIPPE DUFOUR

Simplicity, One of two publicly known

982.

DANIEL ROTH — An exquisitely crafted, fresh-to-the-market, well-preserved and rare pink gold double sided tourbillon wristwatch with seconds display, date, power reserve indication, guilloché dial, guarantee and presentation box

DANIEL ROTH

Ref. 2187, Pink Gold Tourbillon “Double Face”

982.

Daniel Roth，「Tourbillon “Double Face”」型號2187，十分精美罕有，玫瑰金雙面陀飛輪腕錶，備日期、動力儲存顯示、璣鏤錶盤，約1993年製。附原裝證書、錶盒 Manufacturer

Daniel Roth

Year

Circa 1993

Reference No. 2187 Movement No. 130 Model Name Tourbillon “Double Face” Material

18K pink gold

Calibre Manual Bracelet/Strap Leather Clasp/Buckle 18K pink gold Daniel Roth pin buckle Dimensions 38mm length x 35mm width Signed Case, dial, movement and buckle signed Estimate HKD 300,000–600,000 USD 38,500–76,900 Accessories Accompanied by Daniel Roth guarantee stamped Seibu Fujisawa Japan, dated 19 November 1993, COSC certificate, instruction manual, product literature, photograph, additional crocodile strap, fitted presentation box and outer packaging.

Daniel Roth is widely regarded as one of the greatest watchmakers of his generation. Among the first to establish an eponymous brand in 1987, he is also credited with sparking the modern fascination with the tourbillon wristwatch. His career began at Audemars Piguet in the late 1960s, but it was his move to Breguet in 1973 that changed the course of contemporary watchmaking. At a time when the manufacture was languishing, Roth revived its spirit by reinterpreting Abraham‑Louis Breguet’s pocket watches as refined wristwatches. In the mid‑1980s, he unveiled a wristwatch with a visible tourbillon escapement, a creation that ignited a trend and soon became a rite of passage for both established maisons and independent artisans. Founding his own brand, Roth immediately established a highly personal design language: the distinctive ellipsocurvex case, guilloché dials with horizontal motifs, and elegantly pointed hands. His first major creation, the Double‑Sided Tourbillon ref. C187, debuted in 1988 and was commercialized the following year. It remains one of his most celebrated works.

On the front, the composition is dominated by the large tourbillon escapement, accompanied by an ingenious triple‑arm seconds hand whose three arms of varying lengths each trace a separate 20‑second scale. Turning the watch over reveals a retrograde power reserve indicator and a retrograde date display, demonstrating Roth’s mechanical creativity on both sides of the case. Executed here in a rare pink gold case and preserved in outstanding condition, this fresh-to-the-market Tourbillon “Double Face” ref. 2187 sold by a Japanese retailer in 1993 is emblematic of Roth’s artistry—marrying Breguet‑inspired tradition with independent boldness—and is rightly considered one of his signature masterpieces. Accompanied by its full set of accessories including its COSC certificate, this early Roth Tourbillon is a treasure not to be missed. PROPERTY OF AN IMPORTANT COLLECTOR IN JAPAN

重要日本私人收藏

DANIEL ROTH

Ref. 2187, Pink Gold Tourbillon “Double Face”

983.

F.P. JOURNE — An enchanting and rare platinum wristwatch with blue mother-of-pearl dial, small seconds, power reserve indication, guarantee and presentation box

F.P. Journe，「Chronomètre Souverain Nacre」型號，十分精細罕有，鉑金腕錶，備小秒針、動力儲存顯示、藍色珠母貝錶盤，約2023年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2023

Case No. 3-062CS Model Name Chronomètre Souverain Nacre Material

Platinum

Calibre Manual, cal. 1304, 22 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 500,000–1,000,000 USD 64,100–128,000 Accessories Accompanied by F.P. Journe guarantee stamped Montres Journe Japon K.K. dated 21 January 2023, fitted presentation box and outer packaging.

The F.P Journe Chronomètre Souverain Nacre (mother of pearl in French) was reserved only for Journe’s top clients and available for purchase only via the brand’s boutiques. Cased in an elegant 40mm platinum case the dial center is decorated with Clou de Paris guilloché whilst the outer section of the dial is fitted with blue mother of pearl providing an exquisitely attractive and elegant result. The Chronomètre Souverain is the simplest and purest iteration of Journe’s watches, with a deceptively restrained dial featuring power reserve and small seconds that belies the highly advanced chronometer-grade movement inside. Crafted in platinum and finely finished throughout, the calibre 1304 was built with the precision and technical mastery of marine chronometers in mind, as well as the wearability and comfort of the modern collector. The movement itself is a mere 4mm thick, and the overall thickness of the case measures just 8mm. The present example is paired with a burgundy crocodile strap, which gives a nice contrast to the blue mother-of-pearl outer ring on the dial. Originally purchased from F.P. Journe boutique in Tokyo, offered in excellent overall condition along with its guarantee and presentation box. Only a handful of the Chronomètre Souverain Nacre models have been made and make the present example an opportunity not to be missed.

F.P. JOURNE

Chronomètre Souverain Nacre

984.

KRAYON — A “like-new”, highly attractive and innovative pink gold wristwatch with sunset/sunrise, month, date, 24-hour indication, certificate and presentation box

Krayon, 「Anywhere」型號C030-02，十分精美獨特，玫瑰金腕錶，備日落/日出、月份、日期、24 小時顯示，約2025年製。附原裝證書、錶盒 Manufacturer

Krayon

Year

Circa 2025

Reference No. C030-02 Movement No. 177 Model Name Anywhere Material

18K pink gold

Calibre Manual, cal. 030, 55 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Krayon pin buckle Dimensions 39mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 780,000–1,560,000 USD 100,000–200,000 Accessories Accompanied with Krayon certificate dated 6 January 2025, instruction manual, fitted presentation box and outer packaging.

The Krayon Anywhere reconciles the perspective of time as both personal experience and objective measurement through its defining complication: the precise indication of sunrise and sunset, the daily transition between light and darkness. Unveiled as a world premiere and honoured with the Innovation Prize at the GPHG 2018, the Anywhere houses the cal. C030, a hand‑finished movement with a 72‑hour power reserve. Comprising 432 components, it is adorned with radiant Geneva waves, finely polished bevels, and immaculately executed inward and outward angles—each a testament to uncompromising craftsmanship. Central hands indicate the hours and minutes, while a subdial at six o’clock displays the date and month. Around the periphery, a bi‑colour ring illustrates the shifting length of the day across the year: gold for daylight, deep blue for night. A delicate sun pointer traces the hours on a 24‑hour scale, offering a poetic vision of time’s passage. The present example pairs a two‑tone creamy white dial with the warmth of pink gold, its pyramid‑shaped hour markers subtly recalling Krayon’s “Y” emblem. The dial’s engraved motif, evoking parallels and meridians of the globe, underscores the universal yet personal nature of time. Offered in “like-new” condition with its full set of accessories, this Anywhere is currently set to the sunset/sunrise of Amsterdam.

KRAYON Anywhere

985.

H. MOSER & CIE — A fine and “like-new” limited edition pink gold one-minute flying tourbillon wristwatch with Wyoming jade dial, bracelet, guarantee and presentation box, one of a limited edition of 100 pieces

亨利慕時，「Streamliner Tourbillon」型號68040406，精細，限量版玫瑰金自動飛行陀飛輪鏈帶腕錶，懷俄明綠玉錶盤，限量發行100枚，約2024年製。附錶盒、原裝證書 Manufacturer

H. Moser & Cie

Year

Circa 2024

Reference No. 6804-0406 Case No. 200’137’369 Model Name Streamliner Tourbillon Material

18K pink gold

Calibre Automatic, cal. HMC 804, 28 jewels Bracelet/Strap 18K pink gold H. Moser & Cie bracelet, max length 195mm Clasp/Buckle 18K pink gold H. Moser & Cie deployant clasp Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 250,000–500,000 USD 32,100–64,100 Accessories Accompanied by H. Moser & Cie international guarantee dated 24 October 2024, 2 hang tags, travel pouch, fitted presentation box and outer packaging.

The H. Moser & Cie. Streamliner Tourbillon Wyoming Jade is a limited edition timepiece that blends refined watchmaking with natural artistry. Released in early 2024, it features a dial crafted from untreated Wyoming jade, prized for its deep olive tone and visual purity. Each dial is unique, showcasing natural inclusions and subtle variations in colour. The minimalist design includes three rose gold hour markers and hands with luminous inserts, allowing the jade’s beauty to take centre stage. Housed in a 40mm 18K pink gold case, the watch is finished with satin brushing and polished accents. At its heart is the automatic HMC 804 calibre, featuring a flying tourbillon with Moser’s signature double hairspring and finely decorated bridges. The movement offers a 72-hour power reserve and 120 metres of water resistance, balancing elegance with performance. The jade dial is meticulously cut, stabilised, and hand-polished to preserve its natural structure and translucency. With no logo on the dial, the tourbillon at six o’clock becomes the focal point. Limited to 100 pieces, this like-new example is a rare and compelling alternative to mainstream luxury tourbillons, combining technical innovation, artisanal craftsmanship, and the timeless allure of natural stone.

986.

BULGARI — An attractive, rare and “brand-new” limited edition ultra-thin stainless steel wristwatch with small seconds, silvered dial, bracelet, warranty and presentation box, one of limited edition of 30 pieces made in collaboration with The Octo Club Singapore

寶格麗，「Octo Finissimo S “Octo Club Singapore Edition”」型號BGO 40 S XT，精細罕有，限量版超薄精鋼自動鏈帶腕錶，備小秒針，特為「The Octo Club Singapore 」限量發行30枚，約2025年製。附原裝證書、錶盒 Manufacturer

Bulgari

Year

Circa 2025

Reference No. BGO 40 S XT Case No. BUD5EY4 Model Name Octo Finissimo S “Octo Club Singapore Edition” Material

Stainless steel

Calibre Automatic, cal. BVL 138, 31 jewels Bracelet/Strap

Stainless steel Bulgari bracelet, max length 180mm

Clasp/Buckle Stainless steel Bulgari deployant clasp Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 60,000–120,000 USD 7,700–15,400 Accessories Accompanied by Bulgari international warranty and authenticity certificate stamped Marina Bay Sands, Singapore dated 28 July 2025, five additional links, cloth, fitted presentation box and outer packaging.

To celebrate Singapore’s National Day, Bulgari partnered with collector Nop Srinara and the Singapore Octo Club to create the Octo Finissimo S “Octo Club Singapore Edition”, a 30-piece limited release. This special edition reimagines the iconic Octo Finissimo through the lens of Singaporean identity, emphasizing structure, clarity, and cultural pride. Srinara regarded this limited edition model as a “love letter to the Lion City”. Srinara envisioned capturing Singapore’s architectural elegance and modernity through the design of the watch. Rather than simply using the red and white of the national flag, Singapore’s identity is subtly woven into the dial. The small seconds subdial features design elements inspired by the crescent moon and five stars on the national flag, while the country’s geographic coordinates “1.3521° N, 103.8198° E” are discreetly inscribed between the 1 and 2 o’clock positions, adding a thoughtful and personal touch to the timepiece. The collaboration highlights not just exclusivity, but also a sense of community and shared passion among collectors in Singapore, making this edition a meaningful tribute to both horology and heritage. The present example is offered in “brand-new” condition along with its full set of accessories. Not only does it highlight exclusivity, but also a sense of community and shared passion among collectors in Singapore, making this edition a meaningful tribute to both horology and heritage. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR 重要亞洲私人收藏

•

987.

ARMIN STROM — An iconic stainless steel wristwatch with semi-skeletonised dual independent resonant regulators, twin seconds, acentric blue sunray hand guilloché dial, guarantee and presentation box

Armin Strom，「Mirrored Force Resonance Water」型號ST16-RF.05，精鋼半鏤空雙擒縱系統腕錶，備雙秒針、藍色璣鏤錶盤，約2016年製。附原裝證書、錶盒、配件 Manufacturer

Armin Strom

Year

Circa 2016

Reference No. ST16-RF.05 Movement No. AR/ID 018 N 0001 Model Name Mirrored Force Resonance Water Material

Stainless steel

Calibre Manual, cal. ARF 15, 43 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Armin Strom pin buckle Dimensions 43.4mm diameter Signed

Case, dial, movement, buckle and clasp signed

Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by undated Armin Strom guarantee, Armin Strom rubber straps, stainless steel Armin Strom deployant clasp, spirit level, fitted presentation box and outer packaging.

The Armin Strom Mirrored Force Resonance is a groundbreaking timepiece introduced in 2016 after three years of in-house development. It features a patented dual regulator system, where two balance wheels oscillate in sync via a clutch spring, enhancing precision, stability, and shock resistance. Unlike other resonance watches, Armin Strom’s system is visually engaging and technically superior, confirmed by the Swiss Center for Electronics and Microtechnology (CSEM) as a true mechanical resonance. Crafted in polished stainless steel, symbolizing the element “Water” in Armin Strom’s elemental material philosophy, the 43.4mm case features a polished bezel, satin-brushed casebands, and a screw-in crown. The openworked guilloché dial, dominated by the resonance mechanism, offers a mesmerizing display of twin balance wheels rotating in opposite directions. A pusher at 2 o’clock resets the twin small seconds and synchronizes the balance wheels, allowing the wearer to witness the resonance phenomenon in action. The guilloché dial, crafted under Kari Voutilainen’s supervision, is available in a variety of colours, such as blue, black, anthracite, red, or bi-colour, and patterns such as sunray, concentric waves, or barleycorn. The present example, offered in excellent overall condition along with its full set of accessories, stands out with a blue sunray guilloché dial, which highlights the skeletonised movement and resonance mechanism. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR 重要亞洲私人收藏

THIS LOT IS OFFERED WITHOUT RESERVE

988.

ROMAIN GAUTHIER — An elegant and beautifully finished titanium wristwatch with semi-skeletonized dial, small seconds, guarantee and presentation box

Romain Gauthier，「Prestige HMS Natural Titanium」型號，優雅，鈦金半鏤空腕錶，備小三針，約2014年製。附原裝證書、錶盒 Manufacturer

Romain Gauthier

Year

Circa 2014

Reference No. MON00011 Movement No. 08 Model Name Prestige HMS Natural Titanium Material

Titanium

Calibre Manual, cal. 2206 HMS, 22 jewels Bracelet/Strap Crocodile Clasp/Buckle Titanium Romain Gauthier pin buckle Dimensions 43mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 150,000–300,000 USD 19,200–38,500 Accessories Accompanied by Romain Gauthier guarantee, product literature, leather pouch, additional leather straps, fitted presentation box and outer packaging.

Reference MON00011 is a now-discontinued model from Romain Gauthier’s Prestige HMS collection, produced between 2011 and 2023. This timepiece exemplifies the brand’s philosophy of blending traditional Swiss watchmaking with contemporary design. Its semi-skeletonised dial reveals the balance wheel and seconds gear, creating a rich and textured visual composition. The layout features an off-centre display for the hours and minutes, while the seconds are indicated by a semi-circular arc across the lower portion of the dial. One of the most distinctive features of this watch is its crown, which is positioned on the caseback. This placement enhances winding efficiency, even while the watch is worn, and contributes to improved water resistance and reduced mechanical stress. The watch is powered by the calibre 2206 HMS, an in-house manual movement that showcases Romain Gauthier’s signature finger bridges in the Vallée de Joux style. The Prestige HMS collection is celebrated for its harmonious interplay of circles and arcs, offering a refined yet technically impressive experience for the wearer. The present timepiece in natural titanium is offered in excellent condition and accompanied by its guarantee and full set of accessories.

989.

AUDEMARS PIGUET — A rare, fine and oversized limited edition titanium and alacrite semi-skeletonized tourbillon wristwatch with dynamographe, power reserve indication, function selector and presentation stand, made in a limited edition of 150 pieces

愛彼，「Royal Oak Concept Watch, CW1」型號 25980AI.OO.D003SU.01，限量版鈷及鈦合金半鏤空陀飛輪腕錶，備扭力顯示器、垂直動力儲存顯示、功能選擇裝置，限量發行150枚，2003年製。附原裝錶盒、電子後補證書 Manufacturer

Audemars Piguet

Year

2003

Reference No. 25980AI.OO.D003SU.01 Movement No. 543’705 Case No. E88’190 Model Name Royal Oak Concept Watch (CW1) Material

Titanium and alacrite

Calibre Manual, cal. 2896, 36 jewels Bracelet/Strap

Leather

Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 44mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 550,000–1,100,000 USD 70,500–141,000 Accessories Accompanied by Audemars Piguet fitted presentation stand. Further delivered with Audemars Piguet digital Extract from the Archives confirming the register date of the present timepiece on 30 October 2003.

To celebrate the 30th Anniversary of the Royal Oak, Audemars Piguet introduced its first-ever Royal Oak Concept Watch in 2002. Housed in an Alacrite 602 case, the CW1 evokes a futuristic feel, crafted from an alloy of cobalt chrome, tungsten, carbon, silicon, and iron, originally developed for the aerospace industry. This alloy was exclusively used for the first Royal Oak Concept Watch and has not been utilized in any subsequent models or by any other brand. While drawing inspiration from the original Royal Oak, the CW1 features modifications, including a curved bezel with exposed screws to accommodate the domed crystal, all while preserving sharp case edges and bevels. The movement, developed by Renaud & Papi, is constructed with titanium plates and bridges, incorporating a tourbillon escapement positioned to the left, visible through a semi-skeletonized dial. On the dial, a dynamographe scale at 12 o’clock indicates the quality of torque on the mainspring, while a linear power reserve indicator is situated on the right side, and a small seconds display with crown position indication is located at the bottom. A pusher at 4 o’clock activates the crown function, allowing for R (Remontoir), N (Neutral), and H (Hand-setting) modes. This particular example is one of only 150 pieces produced and represents the very first Concept Watch released by the brand. Its standout Alacrite 602 case ensures its uniqueness as the only wristwatch crafted from this material.

AUDEMARS PIGUET

Royal Oak Concept Watch (CW1)

990.

RICHARD MILLE — A highly complicated, very rare and well-preserved limited edition carbon and titanium tourbillon chronograph wristwatch with rotating bezel, power reserve, 24 hours, torque and function indications, spirit level, water resistant compartment, detachable compass tool, warranty and presentation box, numbered 19 of a limited edition of 20 pieces

Richard Mille，「Tourbillon Chronograph Adventure」型號RM25-01 CA，複雜罕有，限量版碳纖維鈦金陀飛輪計時腕錶，備動力儲存、24小時顯示、發條扭矩及功能指示器、水平儀、防水儲物艙、可拆式指南針，限量發行20枚，編號19號，約2021年製。附原裝證書、錶盒、配件 Manufacturer

Richard Mille

Year

Circa 2021

Reference No. RM25-01 CA Movement No. 022 Case No. 19/20 Model Name Tourbillon Chronograph Adventure Material

Carbon TPT and titanium

Calibre Manual, cal. RM25-01, 35 jewels Bracelet/Strap Camouflage natural rubber Clasp/Buckle Titanium Richard Mille pin buckle Dimensions 51mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 2,000,000–4,000,000 USD 256,000–513,000 Accessories Accompanied by Richard Mille warranty stamped Richard Mille Korea Seoul dated 1 July 2021, instruction manual, service booklet, compass bezel, carbon TPT baseplate, leather strap with hook, leather folio, fitted presentation box and outer packaging.

The Richard Mille Tourbillon Chronograph Adventure is a remarkable fusion of haute horology and rugged survival gear, created in collaboration with Sylvester Stallone. Limited to just 20 pieces, this watch is designed for extreme adventurers and collectors who appreciate both technical mastery and bold design. The RM 25-01 CA features a massive 51 mm case made from carbon TPT and titanium, materials chosen for their strength and lightness. Inside, it houses a manual-winding tourbillon movement equipped with a chronograph, power reserve indicator, torque indicator, and function selector, demonstrating the brand’s commitment to precision and innovation. What truly sets this watch apart are its survivaloriented features. It includes two interchangeable bezels: one with compass markings and another with a liquid-filled compass, complete with a mirror and sighting aperture for accurate navigation. A bubble level ensures proper horizontal alignment when using the compass, and a sealed chamber on the case can hold water purification tablets, highlighting its utility in real-world survival scenarios. These elements reflect Stallone’s adventurous spirit and his desire for a timepiece that could withstand the harshest conditions. Numbered 19 of a limited edition of 20 pieces, the present example is offered in wellpreserved condition along with its full set of accessories. PROPERTY OF AN IMPORTANT KOREAN COLLECTOR 重要韓國私人收藏

RICHARD MILLE

Ref. RM25-01 CA, Tourbillon Chronograph Adventure

991.

URWERK — An avant-garde, well-preserved and limited edition bronze wristwatch with orbiting satellite hours, distance travelled on earth and distance travelled by earth indication, warranty and presentation box, one of a limited edition of 22 pieces

Urwerk，「UR-100V “T-Rex”」型號UR-100V，罕有，限量版青銅自動腕錶，備地球自轉和公轉距離、漫遊衛星小時顯示，限量發行22枚，約2021年製。附原裝證書、錶盒 Manufacturer

Urwerk

Year

Circa 2021

Reference No. UR-100V Case No. G20’152 Model Name UR-100V “T-Rex” Material

Bronze

Calibre Automatic, cal. 12.01, 40 jewels Bracelet/Strap Crocodile Clasp/Buckle PVD-coated titanium Urwerk pin buckle Dimensions 41mm width x 50mm length Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Urwerk international warranty stamped The Hour Glass Limited, Singapore dated 11 June 2021, instruction manual, additional leather straps, black leather folio, travelling pouch, fitted presentation box and outer packaging.

The UR-100V T-Rex is a strikingly unconventional timepiece that merges futuristic horology with prehistoric inspiration. Its case is crafted from bronze and features a distinctive hobnail pattern that mimics the texture of reptilian scales, which explains the “T-Rex” moniker. This pattern is achieved through a meticulous process of milling, sandblasting, and chemical treatment, resulting in a rich, aged patina that gives the watch a primal, almost fossil-like appearance. Despite its rugged aesthetic, the watch is surprisingly compact and wearable, measuring 41mm in diameter and sitting comfortably on the wrist thanks to its curved caseback. The dial showcases the brand’s signature satellite time display, where rotating hour satellites sweep across a minute track. Limited to just 22 pieces, the UR-100V T-Rex is a true collector’s item. It is complimented as an extraordinary fusion of avant-garde design, technical ingenuity, and a touch of prehistoric fantasy. Offered in well-preserved condition, the present example distinguishes itself with a striking iridescent crocodile leather strap. The surface shimmers with delicate blue tones that shift subtly under light, creating a mesmerizing contrast against the rugged, hobnail-patterned bronze case. Adding a bold twist, the strap is lined with neon green lining, amplifying the visual tension between organic elegance and raw, industrial texture. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR 重要亞洲私人收藏

992.

ROGER DUBUIS — A “like-new”, rare and attractive limited edition black ceramic and titanium skeletonized wristwatch with guarantee and presentation box, designed in collaboration with renowned tattoo artist Dr. Woo, numbered 6 of a limited edition of 28 pieces

羅杰杜彼，「Excalibur Monobalancier Dr. Woo」型號 DBEX1041，精細罕有，限量版黑陶瓷及鈦金鏤空自動腕錶，與著名紋身大師 Dr. Woo合作設計，限量發行28枚，編號6號，約2023年製。附原裝證書、錶盒 Manufacturer

Roger Dubuis

Year

Circa 2023

Reference No. DBEX1041 Movement No. 1265 Case No. F020IP, No. 6/28 Model Name Excalibur Monobalancier Dr. Woo Material

Ceramic and titanium

Calibre Automatic, cal. RD720SQ, 32 jewels Bracelet/Strap Leather Clasp/Buckle DLC-coated titanium Roger Dubuis deployant clasp Dimensions 42mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Roger Dubuis guarantee stamped Roger Dubuis Shinsegae Gangnam Boutique, Korea dated 22nd June 2023, Poinçon de Genève Certificate, hang tag, travel pouch and fitted presentation box.

The Excalibur Monobalancier Dr. Woo reference DBEX1041, crafted from scratch-resistant black ceramic, showcases exceptional artistic vision and meticulous attention to detail. Dr. Woo, a renowned tattoo artist celebrated for his unique and intricate single-needle designs, boasts a long list of celebrity clients, including Justin Bieber, Drake and Cara Delevingne. His talent is vividly expressed in the design of this timepiece, which is adorned with enigmatic iconography. This watch features a black Roger Dubuis signature double surface flange, engraved with symbols and transferred texts in pink gold. This complements the delicate pink gold-coated graphics depicting the sun, moon, and star on the skeletonized dial. For Dr. Woo, the spider motif symbolizes power and protection, and it is a recurring theme in his work and the spider symbol at 2 o’clock adds this thoughtful detail to the overall design. Bearing the Geneva Seal, the movement is powered by the in-house caliber RD720SQ, which offers a power reserve of up to 72 hours and operates with increased precision at a frequency of 4Hz. Offered in “like-new” condition and accompanied by its guarantee and presentation box, this distinctive Excalibur Monobalancier Dr. Woo, numbered 6 out of a limited edition of 28 pieces, would undoubtedly be a coveted choice for the discerning collector.

993.

PATEK PHILIPPE — An important, fresh-to-the-market and extremely well-preserved pink gold double-signed dual time wristwatch with separately adjustable hour hand, Certificate of Origin and telegrams, the only known pink gold example retailed by Gübelin

Patek Philippe released its first dual time zone watch, reference 2597, in 1958, based on a Louis Cottier-designed prototype from 1953 featuring Heures Sautantes, or jumping hours. Between 1958 and 1962, Cottier received approximately 90 movements (including calibers 12-400 and 27 AM 400) to modify for dual time zone functionality. The Heures Sautantes system allowed for a separately adjustable jumping hand alongside the hour and minute hands displaying local time where Patek Philippe has successfully patented this system in 1959 under Swiss Patent 340191 for a “Time Zone Watch”. Cases for reference 2597 were produced by Antoine Gerlach (Key Number 4), a specialist firm known for crafting cases for Patek Philippe. The first series ref. 2597 featured an independently adjustable hour hand, while the present second series, ref. 2597/1, includes an additional blued steel Daphine hour hand which can indicate the home time. The present watch, with case number 729’438, is among the earliest examples to showcase this feature, making it a superlative specimen in many respects. Describing this piece as rare is an understatement, as only 7 known pink gold ref. 2597 examples have resurfaced on the market. Among these, only one is double-signed, having been offered in the “STYLED. Timeless Watches & How to Wear Them” auction in New York in 2018. The 8th pink gold example has now emerged, proudly double-signed “Gübelin” on the dial, making it the first and only known pink gold reference 2597 across both series to feature this prestigious retailer signature. This watch also completes the narrative for two closely related examples in terms of serial number. One case and one movement number away (Movement: 729’439 & Case: 309’785), another pink gold 2597/1 second series example sold at The Geneva Watch Auction: SIX for an impressive CHF 540,500. That watch, confirmed by its Extract from the Archives, was made in 1961 and sold 19 years later, similar to the watch we present here. The other pink gold 2597/1 second series example (Movement: 729’437 & Case: 309’787) has never been sold and resides proudly in the Patek Philippe museum.

PATEK PHILIPPE

Ref. 2597/1, “The Australian Pink Travel Time”

993.

百達翡麗，「“The Australian Pink Travel Time”」型號 2597/1，極度精美、重要，玫瑰金兩地時區腕錶，備可獨立調節第二時針，由Gübelin銷售，約1961年製。附原裝證書、電報 Manufacturer

Patek Philippe

Year

Circa 1961

Reference No. 2597/1 Movement No. 729’438 Case No. 309’786 Model Name “The Australian Pink Travel Time” Material

18K pink gold

Calibre Manual, cal. 12-400 HS, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe buckle stamped PP.Co Dimensions 35.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 2,000,000–4,000,000 USD 256,000–513,000 Accessories Accompanied by Patek Philippe Certificate of Origin date coded March 1980, product literature, red leather envelope, letters and telex from 1977 to 1980 between the owner and Gübelin confirming the order of the present watch, original Gübelin invoice dated 2nd March 1980.

The story of this watch comes from extensive telegrams and letters from the family of the original owner. An Australian collector acquired a yellow gold 2597 in 1970, enjoying it until it was stolen in 1976. Heartbroken, he reached out to Gübelin boutique in St. Moritz, Switzerland in early 1977 during a business trip, hoping to find a replacement of the same reference. Gübelin informed him that the 2597 in yellow gold was no longer available, but Patek Philippe did have one in inventory— an 18K pink gold version.

Most importantly, the inside caseback shows no service marks, indicating that the watch has undergone no interventions throughout its life, apart the long line and series of miniscule numbers above the reference number and Patek Philippe signature—an internal code used by Gübelin. The dial is equally impressive, showcasing a warm patinated glow, with a raised and defined enamel signature. The indexes have aged and exhibit some oxidation, indicating that the watch has remained untouched for a long time.

Fortunately, one pink gold example was still available when he visited Switzerland in March 1980, and he purchased it for 3,590 Swiss Francs at the main Gübelin boutique in Lucerne. This watch has remained in the same collection since that day in 1980, and Phillips is honored to present this remarkable timepiece for the first time at an international auction after 45 years.

It is evident that this watch has likely been stored in a safe for most of its life, cherished and loved by its owner. The icing on the cake is the collection of accessories that accompany the watch: the original Certificate of Origin, date-coded (PENP) to March 1980. Given the provenance, it is no surprise to see an ‘80s-style certificate, despite the watch being made in the ‘60s. Also included are the original red leather envelope and a complete set of documented letters and telexes from 1977 to 1980 between the owner and Gübelin, confirming the order of this watch, along with the original Gübelin invoice dated March 2, 1980. We are deeply honored to have been entrusted by the family of the original owner to offer this piece of history for the first time at an international auction.

The condition of this watch is nothing short of astonishing as its impeccable state of preservation sets it apart. We believe it remains unpolished, featuring full, thick lugs and incredible proportions. The original brushed and satin finishes are intact, displaying how the watch left the Patek Philippe factory. Despite what one might expect from general wear, this example remains sharp and crisp. The case displays a strikingly deep hallmark on the caseband and the case edges are still sharp to the touch.

PROPERTY OF THE FAMILY OF THE ORIGINAL OWNER

原物主家族收藏

PATEK PHILIPPE

Ref. 2597/1, “The Australian Pink Travel Time”

994.

PATEK PHILIPPE — A rare and attractive yellow gold world time wristwatch with guilloché dial, made for the State of Qatar

百達翡麗，「World Time」型號5110J，黃金自動世界時區腕錶，備璣鏤扭索紋錶盤，特為卡塔爾國而製，2000年製。附後補證書 Manufacturer

Patek Philippe

Year

2000

Reference No. 5110J Movement No. 3’206’414 Case No. 4’099’860 Model Name World Time Material

18K yellow gold

Calibre Automatic, cal. 240 HU, 33 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe deployant clasp Dimensions 37mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 150,000–250,000 USD 19,200–32,100 Accessories Accompanied by Patek Philippe associated presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the Doha indication, production of the present watch in 2000 and its subsequent sale on 30th October 2000.

Among Patek Philippe’s most revered creations, the World Time lineage has captivated collectors since its debut in the 1930s. In 2000, Patek unveiled the modernized ref. 5110, featuring a patented mechanism for effortless time zone selection, along with a guilloché dial that exudes mesmerizing depth and sophistication. From 2000 onwards, special editions of the ref. 5110 World Time were released, showcasing particularly interesting and sometimes unique location or time zone dials. Notable examples include the emerald green “Mecca”, as well as editions for Münster, Dubai, Singapore and Taipei, with one city highlighted in a different color upon special request. The present ref. 5110J is an exclusive example customized for the State of Qatar, with “Doha” luminously displayed in red, a detail further confirmed by the Extract from the Archives. This piece was likely created as a diplomatic gift for visiting officials or dignitaries. For Patek Philippe collectors, it stands as a remarkable testament to the brand’s reverence, honoring those who shape global relations.

995.

PATEK PHILIPPE — A fine and rare yellow gold skeletonized wristwatch with engraved case, dial, Certificate of Origin and presentation box

百達翡麗，型號3878J-001，精細罕有，黃金自動鏤空腕錶，備雕刻錶殼及錶盤，約2023年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2023

Reference No. 3878J-001 Movement No. 1’239’438 Case No. 4’356’921 Material

18K yellow gold

Calibre Automatic, cal. 240 SQ, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 31mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 140,000–280,000 USD 17,900–35,900 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Berry’s Jewellers, UK dated 16th August 2023, service report dated 11 June 2025, leather folio, instruction manual, product literature, fitted presentation box and outer packaging.

Produced from 1981 to 1998, the Patek Philippe reference 3878 was crafted exclusively in 18K yellow gold, this model encapsulates the essence of the brand and its aesthetic ideals. The highly engraved movement is a true work of art, with each bridge and plate showcasing the brand’s meticulous attention to detail and expert hand craftsmanship. The reference 3878 marked Patek Philippe’s first self-winding skeletonized watch, with only about 60 examples have resurfaced so far in auctions. What makes this particular watch even more special is that the original owner purchased it in 2023, 25 years after the reference was discontinued, where this piece was originally commissioned by a special customer in 2018, who later canceled the order. The present reference 3878 comes with a complete set of accessories, including the Certificate of Origin, presentation box, and a service report from June 2025 confirming the watch was purchased in 2023. The report also states that an overhaul was performed and the watch will remain under warranty for an additional two years. This total masterpiece allows the wearer to celebrate the artistry and horological excellence of Patek Philippe—an opportunity not to be missed. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

996.

VACHERON CONSTANTIN — A rare and very elegant rectangular white gold wristwatch with diamond-set bezel, concealed dial and small seconds

江詩丹頓，「Les Historiques “Jalousie”」型號 91502/000G-7，十分罕有精美，白金小三針腕錶，備隱藏式錶盤、鑲鑽錶圈，1996年製。附後補證書 Manufacturer

Vacheron Constantin

Year

1996

Reference No. 91502/000G-7 Movement No. 841’881 Case No. 674’882 Model Name

Les Historiques “Jalousie”

Material

18K white gold

Calibre Manual, cal. 1017, 21 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Vacheron Constantin deployant clasp Dimensions 25mm width x 40mm length Signed Case, dial, movement and clasp signed Estimate HKD 150,000–230,000 USD 19,200–29,500 Accessories Delivered with Vacheron Constantin Extract from the Archives confirming the production of the present timepiece in 1996.

The Vacheron Constantin ref. 91502/000G-7 is a captivating reinterpretation of a 1930s design by combining vintage elegance with mechanical ingenuity. Inspired by the original Montre à Volets created under the brand’s collaboration with the celebrated Parisian Jeweller Verger Frères, this timepiece features a distinctive shutter-dial mechanism reminiscent of louvred windows. The shutters, operated by a cabochon sapphire-set lever at six o’clock, are exceptionally thin, allowing them to retract discreetly and reveal an ivory dial with blue steel hands and a small seconds. Produced in 1996 as part of the Les Historiques collection which pays tribute to Vacheron Constantin’s rich heritage, this reference was produced in limited numbers. The 18K white gold variant is particularly rare. The present example features a rectangular 18K white gold case embellished with intricate side engravings, while the diamond-set bezel adds a touch of opulence to its Art Deco-inspired design. More than a conventional dress watch, the Jalousie reimagines elegance through its inventive shutter-dial concept. While traditional dress watches are designed to be discreet, this model is a bold statement piece, ideal for collectors who appreciate historical depth and creative design. Presented in excellent condition, this rare example is well suited to both formal occasions and everyday wear. It is a compelling tribute to early 20th century watchmaking, brought to life with modern refinement and timeless appeal. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

997.

VACHERON CONSTANTIN — A rare and attractive platinum chronograph wristwatch with salmon guilloché dial and fan-shaped lugs

江詩丹頓，「Les Historiques Chronograph」型號 47111/00P-8286，精細優雅，鉑金計時腕錶，「Salmon」璣鏤錶盤、扇形錶耳，2001年製。附後補證書、配件 Manufacturer

Vacheron Constantin

Year

2001

Reference No. 47111/00P-8286 Movement No. 879’729 Case No. 738’981 Model Name Les Historiques Chronograph Material

Platinum

Calibre Manual, cal. 1141, 21 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Vacheron Constantin pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 120,000–200,000 USD 15,400–25,600 Accessories Accompanied by two Vacheron Constantin pouches. Further delivered with Vacheron Constantin Extract from the Archives confirming the date of manufacture of the present timepiece in 2001.

A combination of beauty and historical significant into one. The Vacheron Constantin Les Historiques Chronograph Ref. 47111 answered all the needs of a collector. Powered by one of the greatest chronograph of all time, the Lemania name already catches the connoisseurs attention. Together with a beautifully crafted fan-shaped step lug case in the noblest metal, platinum, salmon guilloché dial— one of the most desirable colour choice, the result is a superb chronograph that charms you instantly. Since 1989, Vacheron Constantin has be using the Lemania 2310 and 2320 as its base for creating some of the most gorgeous chronographs lines such as Malte, Historiques and Patrimony Traditionnelle. Renamed as calibre 1141, the tworegister movement uses the Lemania 2320 which comes with 21 jewels and a swan-neck regulator. The present ref 47111 sized at 36mm were produced in mostly yellow gold with a small run of platinum versions. Dials available were white, black and the alluring salmon with a peach hue. Married with a vertical guilloché finish, the leaf shaped hands used on the registers is pure class. Confirmed by the manufacture’s Extract from the Archives, the present timepiece dated to 2001.

998.

PATEK PHILIPPE — An exceptionally well-preserved and important yellow gold perpetual calendar chronograph wristwatch with opaline “doré” dial, moon phases, 24-hour, leap year indication, Certificate of Origin, setting pin and presentation box

Alongside the ref. 3970, Patek Philippe also launched ref. 3971 in 1986, which is identical to the 3970 but features a sapphire snap-on caseback. The second series of the 3970 introduced a screw-down, water-resistant caseback and clients could opt for an additional sapphire caseback. Production of the ref. 3971 continued into the second series, but by the third series, all ref. 3970 watches came with a solid caseback and an extra sapphire back, allowing Patek Philippe to consolidate references and discontinue the ref. 3971. The watch cases of the references are crafted by the renowned Atelier Réunis, a case, bracelet, and chain maker acquired by Patek Philippe in 1975. The company established workshops on rue des Vieux-Grenadiers, and in the early 2000s, it ceased production for other brands, with the building eventually becoming home to the present Patek Philippe Museum. With growing scholarship for the model, the ref. 3970/3971 can now be divided into 4 series. First series (1986 – 1988) – Features a solid snap back case for ref. 3970 and snap on sapphire caseback for ref. 3971, feuille hands and rectangular indexes. Only produced in yellow gold with an estimated 100 examples produced. Second series (1987 – 1990) – Features a solid screw back case “E – Etanche”, feuille hands and baton indexes. Hallmarks on the side of the lugs. Produced in all four case materials with an estimated 650 examples produced across all metals, with 150200 of those being reference ref. 3971 and only around 50 ref. 3971s are known to the market. (The present example) Third series (1989 – 1995) – Features a solid screw back case “E – Etanche” and an additional sapphire caseback, baton hands and lapidated indexes. Estimated 1,350 examples produced across all metals. Fourth series (1994 – 2004) – Same configuration as the third series however there is a change in serial number ranges in the movement and case and from 1997 onwards it features deployant clasp. Estimated 2,000 examples produced across all four metals. It’s a dream come true when an example of the coveted doré dial ref. 3971 appears on the market. This is one of the rarest dial combinations for this reference, even more scarce than its sister reference, the 3940 and 3941. Often referred to as opaline-gilt, the dial features a silky, matte golden hue with a subtle sheen on the subdials, a characteristic shared with the standard silvered second series dials. The deep gold color beautifully complements the classic yellow gold case, creating a combination rarely seen in other Patek Philippe watches.

PATEK PHILIPPE

Ref. 3971 Doré, One of Two Known

998.

百達翡麗，型號3971「Second Series」，非常精美、重要，黃金萬年曆計時腕錶，備「doré」錶盤、月相、閏年、24小時顯示，約1990年製。附原裝證書、調整筆、錶盒 Manufacturer

Patek Philippe

Year

Circa 1990

Reference No.

3971, Second Series

Very few examples of the 3970 and 3971 are known to feature this specific dial color. Research indicates that only 10 examples across both references have appeared at auction with a doré dial, and the present lot is one of just two confirmed to have the original doré dial as verified by its Certificate of Origin. The other known original doré dial is just one case and movement number away, confirmed by its Extract from the Archives. Other known examples had their doré dials replaced at a Patek Philippe service or by request.

Movement No. 875’503 Case No. 2’856’552 Material

18K yellow gold

Calibre Manual, cal. 27-70 Q, 24 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 4,000,000–8,000,000 USD 513,000–1,030,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Magasin Genève Patek Philippe SA dated 14th March 1990 confirming the opaline “doré” dial and sapphire caseback, setting pin, presentation box and outer packaging.

Across the second series, variations in hallmark placement can be observed. Initially, small hallmarks were punched on the caseback (and inside the caseback). For about two years, hallmarks appeared on the outside of the lugs, though not on every example. In the middle of second-series production, such as the present watch, they begin to feature larger “big 750 hallmarks”, with the casemaker number 28 stamped outside the lug as well. These examples are particularly sought after in today’s market. Notably, these hallmarks are sensitive to polishing, and all four hallmarks in this watch—including the Geneva Helvetia hallmark and the small 750—are preserved in ultra crisp condition, just as they were when the watch first left the factory. Extremely well-preserved and kept in a private collection for four years since its last market appearance, the present example was likely worn only a few times, spending most of its life in a bank vault. It is also confirmed by the Certificate of Origin that the watch originally came with the sapphire caseback and was purchased on March 14, 1990. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR 重要亞洲私人收藏

PATEK PHILIPPE

Ref. 3971 Doré, One of Two Known

999.

F.P. JOURNE — A very fine and impressive pink gold chronograph wristwatch with pink gold dial, 100th of a second, 20-second and 10-minute registers, warranty and presentation box

F.P. Journe，「Centigraphe Souverain」，罕有，玫瑰金計時腕錶，備玫瑰金錶盤、1/100秒、20秒及10分鐘子盤，約2009年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2009

Case No. 066-CT Model Name Centigraphe Souverain Material

18K pink gold

Calibre Manual, cal. 1506, 50 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 480,000–940,000 USD 61,500–121,000 Accessories Accompanied by F.P. Journe warranty stamped Montres Journe Hong Kong Limited dated 19th March 2009, instruction manual, DVD, fitted presentation box and outer packaging.

Introduced in 2007, the Centigraphe Souverain marked another milestone in F.P. Journe’s illustrious career, showcasing his technical brilliance and ingenuity. This model further solidified Journe’s reputation within the elite sphere of haute horlogerie. The present example is one of the earlier iterations of the Centigraphe, featuring a 40mm case that houses the in-house caliber 1506. This movement is crafted with 18K rose gold bridges and plates, exemplifying Journe’s signature use of precious materials in movement construction. The dial of the Centigraphe is a marvel of unconventional chronograph design, featuring three distinct registers: a 1/100th of a second counter, a 20-second counter and a 10-minute counter. A single slider pusher activates and deactivates the chronograph, allowing all three registers to operate simultaneously. The 1/100th of a second register is particularly mesmerizing, with its hand spinning at incredible speed—a feat made possible by a unique mechanism that isolates the chronograph from the timekeeping system, ensuring the watch’s amplitude remains unaffected during operation. The beauty of this watch lies in the combination of its dial and case, where the 18K pink gold case is complemented by a pink gold dial, forming a highly sought-after “pink-on-pink” variation. Together with the pink gold movement, they create the perfect harmony. A masterpiece of technical innovation and artistic design, the F.P. Journe Centigraphe Souverain captivates both the mind and the eye. Accompanied by all original accessories, it represents an early and exceptional offering—a testament to Journe’s enduring legacy as one of the greatest independent watchmakers of our time.

F.P. JOURNE

Centigraphe Souverain, Pink on Pink

1000.

PATEK PHILIPPE — A rare, unworn and highly attractive platinum perpetual calendar chronograph wristwatch with salmon dial, day/night indication, moon phases, leap year indication, additional solid caseback, setting pin, Certificate of Origin and presentation box

百達翡麗，型號5270P-001，精美罕有，鉑金萬年曆計時腕錶，備「Salmon」錶盤、閏年、月相、日夜顯示，約2020年製。附原裝證書、錶盒、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 2020

Reference No. 5270P-001 Movement No. 7’288’778 Case No. 6’368’378 Material

Platinum

Calibre Manual, cal. CH 29-535 PS Q, 33 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 41mm Diameter Signed Case, dial, movement, and clasp signed Estimate HKD 800,000–1,600,000 USD 103,000–205,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Gubelin Boutique St. Moritz and dated 25 January 2020, product literature, leather folio, additional solid caseback, setting pin, fitted presentation box, outer packaging and travel box.

As the successor to the storied reference 5970, the 5270 was a truly ground-breaking new chapter in the brand’s storied line of perpetual calendar chronographs. Launched in 2011, it was Patek Philippe’s very first perpetual calendar chronograph with a fully in-house movement, the caliber 29-535. The present iteration of the reference 5270 was launched in 2018 and made available for the first time in platinum. Highly sought after by collectors for its stunning aesthetics, it is fitted with an elegant “salmon” dial with blackened gold applied baton numerals that are both striking and balanced. Fresh-to-the-market and consigned by its original owner, this salmon dial example is offered in unworn condition and accompanied by all the original accessories. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5270P-001

1001.

ROLEX — An extremely rare and well-preserved stainless steel chronograph wristwatch with red chronograph hand and bracelet, retailed by Joyeria Ricciardi

勞力士，「Cosmograph Daytona “Ricciardi”」型號 6241，十分罕有，精鋼計時鏈帶腕錶，備紅色計時針，由Joyeria Ricciardi銷售，約1968年製。 Manufacturer

Rolex

Year

Circa 1968

Reference No. 6241 Case No. 1’764’938, retailer stock no.: 135’370, “6241” repeated inside caseback Model Name Cosmograph Daytona “Ricciardi” Material

Stainless steel

Calibre Manual, cal. 722-1, 17 jewels Bracelet/Strap Stainless steel 7-link bracelet, max length 185mm with extension links Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “4, 64” Dimensions 37mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 320,000–600,000 USD 41,000–76,900 Literature The present example is prominently illustrated in Ultimate Rolex Daytona by Pucci Papaleo, p 224-227.

Introduced to the market around 1965, the reference 6241 is the acrylic bezel counterpart to the metal bezel reference 6239. Approximately 3,000 examples were produced during its relatively short four-year run until 1969. The non-metal bezel aesthetic has inspired the modern Daytona we see today, featuring durable ceramic bezels. While the reference is available with either black or silvered dials, the black dial examples are rarer compared to their silvered counterparts, which complement the black acrylic bezel nicely. The present watch showcases an oversized “Daytona” script below the “Cosmograph”, commonly referred to as the “Jumbo”. However, the absolute standout is the striking red central chronograph hand on the dial, which was most likely a personalization made by the retailer after the sale of the watch. This timepiece was initially retailed by the prestigious Joyeria Ricciardi of Buenos Aires and is one of a handful known to exist. Considered one of the most unusual and intriguing examples ever to appear on the market, the watch reveals its peculiarity when turned over: the number “135370” can be seen behind the bottom right lug. While a connoisseur would immediately suspect this to be a retailer stock number, the situation is unique here where the numbers are boldly stamped in a large font, giving the watch its own distinct identity. Like other distinguished jewelers, Joyeria Ricciardi personalized its watches, including the red chronograph hand, which adds a sporty and striking visual impact. Fresh to the auction market and well-preserved, the watch is fitted with a seven-link bracelet, enhancing its unique aesthetic and vintage appeal. The significance of this lot cannot be overstated, as it was prominently featured in the Ultimate Rolex Daytona book by Pucci Papaleo. PROPERTY OF AN IMPORTANT ITALIAN COLLECTOR

重要意大利私人收藏

ROLEX

Ref. 6241, Retailed by “Ricciardi”

1002.

ROLEX — An elusive and well-preserved stainless steel chronograph wristwatch with “Moonraker” dial and guarantee

勞力士，「Cosmograph Daytona “Moonraker”」型號 116520，極度罕有，精鋼自動計時鏈帶腕錶，約2000 年製。附原裝證書 Manufacturer

Rolex

Year

Circa 2000

Reference No. 116520 Movement No. C0’011’145 Case No. P’104’805, inside caseback stamped “2100” Model Name Cosmograph Daytona “Moonraker” Material

Stainless steel

Calibre Automatic, cal. 4130, 44 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, end links stamped “78490, AB”, max length 175mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “78490, AB11” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 450,000–900,000 USD 57,700–115,000 Accessories Accompanied by Rolex warranty stamped Blakeman’s Fine Jewelry U.S.A., dated 13 March 2001, instruction manual, product literature and leather card holder. Literature A similar example is prominently illustrated in Ultimate Rolex Daytona by Pucci Papaleo, p. 596-599.

The year 2000 marked an important milestone for Rolex as they introduced their first automatic in-house chronograph cal. 4130, in the Cosmograph Daytona ref. 116520. This was a remarkable shift from the previous Daytona ref. 16520, which had used the Zenith El Primero-based cal. 4030 since 1988. The new Daytona was a revelation in design and technology. Extremely popular since its introduction in both black and white dial variants, ref. 116520 enjoyed a successful 16-year run before being discontinued in 2016. The present distinguished example, bearing a “P” serial case number from circa 2000, features a mysterious prototype dial known as the “Moonraker”. When the 6-digit Daytona was introduced, the text was repositioned to align more closely with the coronet. However, the transitional “Moonraker” dials retained the earlier layout of the ref. 16520, resulting in the sub-dials being positioned relatively close to the text. Furthermore, the dial is characterized by a white matte textured finish and tritium hour markers. Extremely rare with only a handful known, the “Moonraker” Daytona is featured in Pucci’s “Ultimate Rolex Daytona” book. The present example is further accompanied by its original warranty and offered in excellent overall condition - an opportunity not to be missed by collectors of exceptional timepieces.

ROLEX

Ref. 116520, The “Moonraker”

1003.

ROLEX — A highly rare and extremely attractive yellow gold wristwatch with bracelet, center seconds, day, date, degradé tobacco “Stella” dial and diamond-set indexes

勞力士，「Day-Date “Stella”」型號1803，十分罕有精美，黃金自動鏈帶腕錶，備中心秒針、日期、星期顯示、漸變棕色「Stella」錶盤、鑲鑽時標，約1976年製。 Manufacturer

Rolex

Year

Circa 1976

Reference No. 1803 Movement No. DD’974’907 Case No. 4’147’679 Model Name Day-Date “Stella” Material

18K yellow gold

Calibre Automatic, cal. 1556, 26 jewels Bracelet/Strap 18K yellow gold Rolex President bracelet, endlinks stamped “53”, max length 200mm Clasp/Buckle 18K yellow gold Rolex deployant clasp, stamped “4, 71” Dimensions 36mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 150,000–230,000 USD 19,200–29,500

Ever glamorous, the Day-Date captivates with its myriad of dial, bracelet, bezel and gold-finished designs. Since its inception in 1956, it has remained one of the most surprising and diverse flagship models Rolex has ever produced. Aside from prototype models, the Day-Date has only been cased in precious metals, underscoring its glamour and prestige. The present Day-Date ref. 1803, dating from circa 1976, is an exceptionally attractive example featuring a degradé tobacco “Stella” dial. These brilliant lacquered “Stella” dials were produced for over a decade in a variety of striking colors, including oxblood, turquoise, orange, black and tobacco. Some of these hues are particularly rare and highly sought after, such as the present ref. 1803 with its rarely seen degradé tobacco dial. This extraordinary color beautifully complements the yellow gold case, resulting in a mesmerizing effect. The dial is exceptionally well-preserved and original, with a radiant hue enhanced by the early pie-pan design and diamond-set indices, making this Day-Date a quintessential vintage Rolex. While “Stella” dials are no longer available in modern Rolex DayDates, this rare vintage reference offers an exciting opportunity to own a stunning example of one of the most diverse and prestigious models ever produced by Rolex. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

Lot. 1004, 1005 NO LOT

ROLEX

Ref. 1803, Stella Dial

1006.

CARTIER — A unique and attractive desk clock with strut, “Laque Burgauté” panel, agate, mother-of-pearl, gold, enamel, sapphire cabochons and diamonds

卡地亞，獨一無二、瑪瑙座鐘，備螺鈿面盤、珍珠母貝、黃金、琺瑯、瑪瑙、藍寶石、鑽石，約1925年製 Manufacturer

Cartier

Year

Circa 1925

Movement No. 166’490 Case No. 1545, 291, 610 Material Agate, mother-of-pearl, sapphire cabochon and diamonds Calibre Manual, European Watch and Clock Co. caliber, 15 jewels Dimensions 74mm width x 74mm length Signed Case signed Cartier N. Y, strut signed European Watch And Clock Co. France Provenance Christie’s, Magnificent Jewels New York ,12 April 1994, lot 6 Estimate HKD 200,000–400,000 USD 25,600–51,300 Literature A similar example is illustrated in La Collection Horlogerie by Francois Chaille et Franco Cologni. p240

Taking a step away from the fantastic world of mythical creatures of the Far East such as Dragons, Chimeras and Phoenixes that populated Cartier’s creation in the 19th century. The Asian wind blew throughout Europe with strong influences from literature and opera such as Madama Butterfly. By the turn of the 20th century, these influences from the Chinese and Japanese laid hold to a new universe for Cartier creations. Incorporating artworks evoking Chinese life and traditions with various materials such as lacquer, jade and enamel found from everyday Chinese lacquerwares, Cartier extracted these beautiful panels and fostered elegance and refinement with a twist of Art Deco influences. Chinoiseries Objets d’art such as large clocks to small items such as vanity cases, scent bottles, lip sticks alike began to blossom during the 1900s. The Chinese have long been fascinated by the play of light and have many ways to use it. Which the Chinese have ‘shadow theatre’, Cartier transformed this through the iridescence plates into jewels, imbuing everyday objects into exotic gems. One of the most exquisite Asian techniques that provides the perfect canvas is Laque Burgauté. The technique refers to decorating lacquer with intricate inlays of tinted mother-of-pearl. This technique was often used between China and Japan, as early as the Ming Dynasty (1368-1644) and reached peak popularity during the Qing Dynasty (1644 - 1911/12). Its popularity spread to the Ryukyu Islands between China and Japan and thence to Japan itself. In China the technique is called ‘lo tien’ 螺鈿 and in Japan ‘aogai’ 青貝塗. The mother-of-pearl are usually tinted in purple or green, with a layer of lacquer applied on top and later rubbed with pumice stone to create a smooth and unblemished surface.

With recurring themes such as poetries, gardens and festivals, the quality of the rich black lacquer evokes twilight scenes under the moon light naturally sprinkled with stones and pearls. Depicted elegantly, the present scene features an elegant lady submerged in an oriental garden. Gestured with an serene, elongated hand, the lady seemed to be enjoying the night with a vase and a teacup in front of her. Squared with four Japanese corners “Coin Japonaise”, this desk clock is crafted with translucent agate with a hint of pink hue. Each corner is decorated with a matching Japanese corner sapphire cabochon with a single diamond mounted. The hours and minutes are finished with gold and blue enamel, each Roman numeral is separated with a gold Sakura to complete the 12 hours. Crafted in platinum and adorned with diamonds, the hands are shaped with a finely pointed arrow that complements the lady’s hand. Well-preserved and retaining its crisp engravings of “European Watch And Clock Co. inc France” on the strut, the case is further stamped Cartier N. Y indicating where this clock was potentially sold in New York.

CARTIER

Laque Burgauté

1007.

ILBERY — A highly rare and attractive yellow gold openface Empire-styled pocket watch with white enamel dial, center seconds, duplex escapement and polychrome enamel painting by V. Dupont Pinx depicting King Arthur and Emmeline, made for the Chinese Market

William Ilbery was one of the most renowned British watchmaker of his time. He was active in London from circa 1780 to 1839. Although he worked mainly in London, Ilbery maintained close contact with trade in other countries. In particular, Ilbery was remembered for his production of luxurious enamel pocket watches in gold for the Chinese market where they were highly coveted. These pocket watches were adorned with exquisite enamel miniature paintings on the cases. Most of these pocket watches depicted floral arrangements, domestic scenes, classical paintings with only a few inspired by scenes from Greek mythology. Ilbery had the most elaborated cases of his watches decorated by the best Geneva enamellers such as JeanFrançois-Victor Dupont and Jean-Louis Richter. This exquisite pocket watch features a spring-loaded back cover intricately painted with a captivating scene of King Arthur and Emmeline. In this artwork by Jean-François-Victor Dupont, Emmeline holds a mirror belonging to her attendant Matilda, reflecting King Arthur’s image, inspired by a 1787 engraving by P.W. Tomkins after Charles Ansell. The bezels are adorned with striking red, white, and blue champlevé enamel in a geometric pattern, enhancing its visual appeal. Jean-François-Victor Dupont Jean-François-Victor Dupont (1785-1863) stands as a luminous figure in the realm of enamel artwork, celebrated for his exquisite paintings on enamel, porcelain, and ivory. A contemporary of esteemed enamel artists such as Jean Louis Richter and Isaac Adam, Dupont forged a distinctive style marked by originality, romanticism, and a vibrant palette. His miniatures drew inspiration from the acclaimed Genevan school, beautifully intertwining themes of Symbolism and Neoclassicism, particularly those inspired by Greek and Roman mythology.

ILBERY

King Arthur and Emmeline

1007.

Ilbery，十分精美罕有，黃金琺瑯大八件懷錶，備白色琺瑯錶盤、雕花機芯、雙聯式擒縱、V. Dupont Pinx之彩繪琺瑯作品，特為中國市場而製，約1820年製 Manufacturer

Ilbery

Year

Circa 1820

Case No. 7242 Material

Yellow gold and enamel

Calibre Manual keywound, duplex movement Dimensions 59mm diameter Signed Movement signed Provenance Antiquorum, The Sandberg Watch Collection, Geneva, 31 March, 2001, lot 420 Estimate HKD 640,000–1,280,000 USD 82,100–164,000 Literature The Sandberg book by Terrence Camerer Cuss, p 308-309.

As Romanticism blossomed across Europe, Dupont’s work captured the essence of this transformative period, influencing contemporary tastes and customs during the early Restoration of the French Monarchy. His art resonated deeply with a discerning Chinese clientele, who sought unparalleled attention to detail akin to the finest Chinese porcelain. The composition of his paintings is striking, featuring figures in the foreground that pulsate with life against a minimalist background, instilling a sense of dynamic action. Dupont crafted his own enamels, achieving a stunning color spectrum, with signature shades of red, blue, and a unique purple that set his work apart. His use of the rare “pointillé” technique for faces and hands, alongside the one-bristle paintbrush, added an extraordinary depth to his creations. Frequently signing his pieces—such as “Dupont fecit” or “Vr Dupont”—he affirmed his identity as an artist. His works were exhibited widely from 1822 to 1843, gracing notable exhibitions in Geneva, Paris, and Lyon. Today, his legacy endures in collections like the Musée d’Horlogerie et Emaillerie de Genève, celebrating his profound contributions to the art of enamel painting. The watch’s hinged, spring-loaded gold engraved cuvette is expertly mounted to the movement ring, while the white enamel dial displays Roman chapters, outer minute divisions, and quarter seconds, complemented by elegant gold spade hands.

Dial Side

V. Dupont Pinx signature

Housed within is the movement is a remarkable 49 mm gilt brass ‘Chinese’ calibre, featuring five jewels, a free-standing barrel, a duplex escapement, and a plain five-arm steel balance with a flat balance spring and diamond endstone. This remarkable timepiece, with a diameter of 59 mm, is published in the Sandberg book, showcasing a blend of artistry and horological precision that is truly exceptional. Preserved in superb overall condition, the present watch with its exquisite enamel miniature paintings and its unusual theme will be as coveted by today’s discerning collectors as in China in the 19th century.

ILBERY

King Arthur and Emmeline

1008.

EDOUARD JUVET — A highly elaborate and exceptional pair of yellow gold and enamel open-faced Empire-styled pocket watches with white enamel dials, center seconds, duplex escapements and enamel paintings, made for the Chinese Market

Presenting an exceptionally rare treasure, this lot features a pair of ornate antique pocket watches crafted by the esteemed Swiss watchmaker Edouard Juvet. These matching timepieces epitomize the artistry of 19th-century decorative watchmaking, originating from the famed watchmaking valley of Fleurier in the Swiss Jura Mountains. It was here that Edouard Juvet mastered exquisite techniques like enameling, creating timepieces tailored for the discerning Chinese market, which had a penchant for European luxuries. While it is often believed that pairs were purchased for aesthetic reasons with appreciation of symmetry in Asian culture, the primary intention was practical: one watch served as a spare, crucial in an era when sending a watch back to Fleurier for repair could take two years. The concept of specular paintings also emerged from Bovet, responding to the cultural appreciation for symmetry among Asian collectors. The demand for Swiss watches surged in China during the mid-19th century, with Juvet’s exquisite enamel artistry highly sought after. His creations sold rapidly in bustling Shanghai and extended to Saigon and Tianjin, tapping into emerging Asian markets. As Juvet’s son Leo noted in his memoirs, their watches were “selling like salt,” highlighting the vast potential of the Chinese luxury market even then. Each pocket watch proudly displays Juvet’s signature ornate enamel work on the caseback, a meticulous process that involves applying vibrant enamel over delicately engraved images. The scenes depict a couple in love—a dashing Musketeer and a lady with a peacock fan—capturing the essence of courtship in rich, enduring colors that have stood the test of time.

No. 46346

No. 46345

EDOUARD JUVET

No. 46345

No. 46346

1008.

有喴，一對極為罕見、精美，黃金及琺瑯大八件懷錶，備白色琺瑯錶盤、複式擒縱結構、彩繪琺瑯場景，特為中國市場而製，約1860年代製 Manufacturer

Edouard Juvet

Year

Circa 1860s

Movement No. First: 46346, second: 46345 Case No. First: 46346, second: 46345 Material

Inside each case, one of Juvet’s highly regarded key-wound movements ticks away, delivering exceptional accuracy. The movements are adorned with floral motifs, while the gold cuvettes feature engravings of stars and ribbons. Pristine white enamel dials showcase bold black Roman numerals for the hours, complemented by delicate Arabic numerals for the minutes at 15, 30, 45, and 60. The bezels, pendants, and bows are exquisitely decorated with half flowers in blue and white over translucent red enamel, enhanced by engine turning.

18K yellow gold and enamel

Calibre Manual with key winding, duplex escapement Dimensions 57mm diameter Signed First: Case and cuvette numbered; Movement signed, Second: Case and cuvette numbered; Movement numbered and signed Provenance Antiquorum, The Sandberg Watch Collection, Geneva, 31 March, 2001, lot 360 Estimate HKD 320,000–640,000 USD 41,000–82,100

For collectors who cherish not only mechanical artistry but also the rich heritage and narratives behind 19th-century watchmaking and cultural exchange, this remarkable opportunity to acquire a matching pair of Juvet’s masterpieces— exceptionally well-preserved and accompanied by their original leather presentation box—is truly significant. Their vibrant beauty and rarity affirm Edouard Juvet’s legacy as one of the most skilled and celebrated watchmaking artisans of Fleurier in the 19th century. Similar to the enduring stories of an era filled with musketeers, these pocket watches part of the Sandberg collection are destined to be treasured as exceptional relics of horology’s rich history for generations to come.

Literature The Sandberg book by Terrence Camerer Cuss, p 334-335.

No. 46346

No. 46345

EDOUARD JUVET

No. 46345

No. 46346

1009.

GEORGES RÉMOND & COMPAGNIE — An extremely well-preserved, possibly unique and important early 19th century three-colour gold singing-bird box with miniature enamel, engine-turned panels, center seconds watch and musical mechanism attributed to Frères Rochat

Jean-Georges Rémond (1752-1830), who was born in Germany and moved to Geneva in 1783, established the firm “JeanGeorges Rémond & Company”. During his golden years, his creations were highly sought after, placing him among an elite group of European artisans who produced jewelry, clocks and singing bird boxes along with musical automata. This group included renowned names such as Rochat Frères, Frederick Leschot and Jaquet-Droz. These singing bird boxes exemplify exceptional craftsmanship and meticulous attention to detail. The present box features beautifully fitted pink gold engine-turned panels, with the top panel hand-engraved in multiple colors of gold, creating striking visual depth. The decorations include urns, dolphins, roses and floral scrolls against a matte yellow background, with the sides and corners adorned with chased and engraved floral motifs. At the center of the top panel is a remarkably preserved miniature enamel attributed to Jean-Abraham Lissignol (1749-1819), known for his exquisite depictions of human figures and for decorating enamelled snuff boxes and watch cases for Rémond. This beautifully painted oval enamel lid portrays a poignant scene of a young nobleman bidding farewell to what appears to be his sister, showcasing exquisite detail and vibrant colors that remain captivating by today’s standards. The panel is further enhanced by raised floral decorations set against a matte yellow bezel. The front panel houses a watch with highlighted wheat leaf engraving on the bezel, featuring a white enamel dial with Roman numerals and a sweep seconds hand. It is hinged to reveal the winding arbors for the bird, watch, and musical movements, with another hinged side panel containing the winding key. When the musical mechanism is wound, a slide on the rear panel reveals the singing bird, which operates by turning on its axis, flapping its wings, wagging its tail, and turning its head, all while producing a delightful chirping sound. This bird is one of the most vibrant and lively examples found in a singing bird box, with movements that include swiveling its body and flapping its wings. The lid will close once the power reserve is depleted, returning the bird to its resting position.

GEORGES RÉMOND & COMPAGNIE

Singing Bird Box

1009.

Georges Rémond & Compagnie，極度精美、可能獨一無二，三色金鳥鳴盒子時計，備彩繪琺瑯、應為 Frères Rochat製作音樂機芯，約1810年製。附原裝上弦鑰匙、盒子 Manufacturer

Georges Rémond & Compagnie

Year

Circa 1810

Material

Three-colour gold, enamel

Calibre Manual, Singing bird movement: fusée-and-chain; Watch movement: cylinder escapement Dimensions 95mm width x 60mm length x 24mm height Signed Case signed Provenance Former property of Carloine Lady Clonbrock (1805-1864), Granddaughter of the 4th Duke of Marlborogh. Christie’s London, Watches, 6 October 1993, lot 135. Estimate HKD 400,000–800,000 USD 51,300–103,000 Accessories Accompanied by fitted winding key and red leather presentation box.

This particular example features a movement attributed to Frères Rochat. The Rochat brothers—François-Elisée, Frédéric, and Samuel-Henri—were active in Geneva from around 1800 to 1835. Trained by their father Pierre Rochat in Brassus, they quickly established themselves among the elite makers of complex singing bird mechanisms and automaton watches, supplying their creations to other esteemed manufacturers, including Jaquet-Droz and Leschot. The Rochats were renowned for perfecting the singing bird mechanism, enhancing the naturalness of the bird’s movements by incorporating additional cams, and improving sound quality through the use of piston rods. The present singing bird movement comprises a high-quality gilt brass fusée-and-chain mechanism with polished steel levers and blued steel screws, featuring eight operating cams and circular bellows. The musical movement includes a brass plate mounted behind the hinged front panel, with a spring contained in the pin-barrel and two banks of eight separate tuned teeth. The watch movement, mounted on the same plate as the musical mechanism, employs a going-barrel and cylinder escapement to drive the hands at the center, along with a center seconds hand.

Extremely well-preserved, this singing bird box has a notable provenance, having belonged to Caroline Lady Clonbrock (18051864), the granddaughter of the 4th Duke of Marlborough. It was gifted to her by her uncle, the 5th Duke of Marlborough, and has remained in the family until the first auction appearance in 1993, and the box has not undergone any intervention ever since. The casemaker’s mark from Georges Rémond & Compagnie is visible in the key compartment and inside the case, still legible to the naked eye. It also includes the original fitted red leather presentation box and key. Objects by Rémond can be found in Beijing’s Imperial Palace, as well as in the world’s most prestigious museums and private collections, notably the Musée de l’Horlogerie et de l’Emaillerie and the Patek Philippe Museum in Geneva. This piece is an important mechanical artwork and stands as one of the bestpreserved, museum-quality examples of a singing bird box.

GEORGES RÉMOND & COMPAGNIE Singing Bird Box

1010.

FRÈRES ROCHAT — A magnificent, highly important and well-preserved ormolu quarter striking automaton singing birdcage clock

The singing birdcage has long been regarded as a mythical piece of art since the early 19th century. A remarkable example of mechanical artistry, it combines intricate craftsmanship with the enchanting allure of nature. These cages housed exquisitely engineered automata that mimicked the songs of various birds. Crafted during the Industrial Revolution, they showcased advanced clockwork mechanisms, allowing the birds to flap their wings, turn their heads, and produce melodious tunes that captivated audiences. Often adorned with delicate floral motifs and vibrant colors, these cages served not only as functional timepieces but also as opulent decorative objects, reflecting the Victorian fascination with nature and technology. Collectors cherished them as symbols of elegance and innovation, making the singing birdcage a timeless treasure of the period. This particular example is crafted with extraordinary detail and luxury. The filigree case resembles a birdcage, featuring a rope-twist loop handle atop a domed structure supported by four pairs of Corinthian columns with arches set between filigree panels. The front and rear doors, along with the octagonal base, showcase matted panels overlaid with foliate mounts in varying gilding. The front is adorned with a clock dial featuring a hinged matted cover with a push release button underneath, revealing a silver chapter disc with Roman numerals, an engine-turned center, and gold hour and minute hands with a sweeping second hand. Winding squares are positioned above for the going and strike trains, with hand-set and regulation squares in the righthand corner. The clock movement is equipped with a cylinder escapement and two going barrels. The quarter strike is activated on a single gong by two hammers, while the singing bird mechanism employs a fusée-and-chain transmission with circular bellows. On the left side of the birdcage, a steel lever allows the bird automaton to sound or silence on the hour, while another lever on the right side activates the bird manually. By opening the front and rear doors, the beautifully decorated bird can sing four different tunes and articulate in five distinct ways when the mechanism is engaged: its tail, beak, wings, head rotation, and side-to-side movement. This bird is one of the most vibrant and lively examples found in a singing birdcage, showcasing animated movements and chirping.

Often crafted for members of royalty, this magnificent birdcage belonged to His Royal Highness Augustus Frederick, Duke of Sussex (1773-1843), the sixth son and ninth child of King George III and Queen Charlotte. The birdcage was sold at auction on July 4, 1843, for 41 guineas, a significant sum considering an average laborer’s monthly earnings were about 2 guineas. This sale represented roughly two years’ salary for a typical worker. The Duke’s clock and watch collection was remarkable, with the items in the 1843 auction showcasing his deep understanding of horology. His collection included majestic clocks from renowned makers like Joseph Knibb and Thomas Tompion, as well as watches and chronometers by John Arnold, Thomas Mudge and Breguet, among others. The present birdcage was the fourth most expensive item out of 137 lots in the sale. Its royal provenance is supported by the filigree panels featuring the Royal Garter engraved with “Honi Soit Qui Mal Y Pense”, surmounted by a crown and centered with the monogram “AF” (Augustus Frederick).

FRÈRES ROCHAT Singing Birdcage Clock

1010.

FRÈRES ROCHAT — A magnificent, highly important and well-preserved ormolu quarter striking automaton singing birdcage clock

Frères Rochat，極度精美，鍍金銅製二問報時音樂鳥鳴活動人偶鳥籠座鐘，約1825年製。 Manufacturer

Frères Rochat

Year

Circa 1825

Movement No. 586 Material

Ormolu

Calibre Clock movement: cylinder escapement, two going barrels; Singing Bird movement: fusée-and-chain, circular bellows Dimensions 110mm width x 280mm high Signed Singing bird movement signed Provenance Former property of His Royal Highness Augustus Frederick, Duke of Sussex (1773–1843). Christie’s London, Important Clocks and Marine Chronometers, 13 Dec 2000, lot 87. Estimate HKD 480,000–960,000 USD 61,500–123,000

Few artisans possessed the skill required to craft these birdcages and their intricate movements. The maker’s punch on this clock “FR” represents the workshops of Frères Rochat. The brothers François Elisée (1771-1836), Frédérick (1774-1848), and Samuel Henri (1777-1854) were the sons of David Rochat, a master watchmaker from Le Brassus in the Vallée de Joux. They provided ebauches for singing bird movements to the esteemed Swiss automaton clockmakers such as Jacquet Droz & Leschot. Another punch mark on the movement has been found on similar singing bird cage movements, although its origins remain a mystery. However, the letter “M” may be attributed to the stamp of the Swiss watchmaker Milleret. Based on the auction catalogue from 1843 dedicated to the Duke’s collection, it is noted that the Duke purchased several expensive watches by Milleret, including a repeating watch that sold for 34 guineas. The present lot was intriguingly cataloged as “A small watch by Milleret, in an ormolu filigree case, in the form of an octagonal temple, containing a bird, which sings and moves its wings on a musical stand.” The condition of the birdcage is exceptionally well-preserved, with sharp engravings. The singing bird mechanism operates beautifully and audibly, and the colors on the bird remain vibrant and lively. Its last appearance at an international auction was in 2000, and it has not been touched since. This artisanal gem is extremely rare, and the combination of its provenance and condition makes it a once-in-a-blue-moon opportunity to acquire a purely mechanical beauty.

FRÈRES ROCHAT Singing Birdcage Clock

1011.

SWISS — A highly rare and attractive pink gold quarter repeating openface Empire-styled pocket watch with white enamel dial, center seconds, cylinder escapement and polychrome enamel painting depicting Hector’s Departure attributed to J. L. Richter, made for the Chinese Market

The quarter repeating pocket watch crafted for the Chinese market is an exquisite testament to the artistry and horological mastery of its time. Its bezel, adorned with a mesmerizing rope twist design, features alternating pearls and translucent red enamel over a fine flinqué ground, creating a stunning visual interplay. The band, equally captivating, showcases groups of half pearls nestled among deep blue enamel, reflecting a harmony of colors that is both rich and inviting. The gold hinged cuvette, a marvel in its own right, is meticulously decorated with a vibrant flower basket rendered in red, yellow, and dark blue enamels, set against an azure background that evokes the beauty of nature. Each detail, from the pendant to the bow, is adorned with enamelwork and half pearls, elevating this piece into a realm of high luxury. The watch’s dial features a white enamel with Roman numerals, complemented by an outer minute and marked with Arabic numerals at the quarters. The blued steel ‘lozenge’ hands not only enhance readability but also add an elegant touch to the overall design.

SWISS

Hector’s Departure

1011.

瑞士製，十分精美罕有，玫瑰金琺瑯二問懷錶，備白色琺瑯錶盤、雕花機芯、圓柱式擒縱、可歸為J.L Richter 之「赫克托爾的離去」彩繪琺瑯作品，特為中國市場而製，約1820年製 Manufacturer

Swiss

Year

Circa 1820

Case No. 9823 Material

Pink gold, pearls and enamel

Calibre Manual with key winding, cylinder escapement Dimensions 59mm diameter Signed Unsigned Provenance Antiquorum, The Sandberg Watch Collection, Geneva, 31 March, 2001, lot 377 Estimate HKD 240,000–480,000 USD 30,800–61,500 Literature The Sandberg book by Terrence Camerer Cuss, p 322-323.

Inner Cuvette

Internally, the movement is a finely crafted 46.8 mm gilt brass calibre, showcasing intricate engravings and six jewels that speak to its precision. The free-standing barrel and cylinder escapement work seamlessly with a gold three-arm balance and a blued steel flat balance spring, ensuring accurate timekeeping. The quarter repeater mechanism, activated by a gentle depression of the pendant, fills the air with melodious chimes, echoing the passage of time with grace. Published in the Sandberg Collection, this allure of this quarter repeating pocket watch is further enhanced by its remarkable caseback, which features a stunning enamel painting depicting “Hector’s Departure.” This exquisite scene captures the poignant moment from Homer’s Iliad, where Hector bids farewell to his family before returning to battle. The artistry is breathtaking, with vibrant colors and intricate details that bring this emotional farewell to life. The depiction not only serves as a striking visual feast but also infuses the watch with a narrative depth, echoing themes of duty, love, and sacrifice. As the viewer gazes upon this enchanting scene, they are reminded of the timeless stories that resonate through art and craftsmanship, making the watch not merely a timepiece, but a vessel of history and emotion.

SWISS

Hector’s Departure

Dial Side

1012.

SWISS — A very finely decorated and well-preserved silver gilt and pearl-set open faced pocket watch with miniature enamel painting depicting bouquets de Chine, white enamel dial and duplex escapement, made for the Chinese market

瑞士製，「“Bouquets de Chine”」，十分精美罕有，鍍金銀製鑲珍珠懷錶，備中國式花束微繪琺瑯、琺瑯錶盤、雙聯式擒縱機芯，特為中國市場製造，約1830年製。 Manufacturer

Swiss

Year

Circa 1830

Case No. 52’133, 170 Model Name “Bouquets de Chine” Material

Silver gilt, pearls and enamel

Calibre Manual, duplex escapement Dimensions 55mm diameter Signed Case numbered Provenance Christie’s, Important Watches and Wristwatches, Geneva, 14 November 1995, lot 288 Estimate HKD 80,000–160,000 USD 10,300–20,500

Dial Side

In Chinese culture, flowers carry profound symbolic significance. Their shapes, characteristics, and fragrances are seen as deeply spiritual, reflecting the essence of the Chinese people. This cultural importance is conveyed through poems and proverbs, with specific flowers embodying particular meanings; for example, the lotus symbolizes purity, the chrysanthemum represents perseverance and the plum blossom signifies integrity. The peony, celebrated for its lush forms, vibrant colors, and intoxicating fragrance, is regarded as the most important flower in China. It symbolizes wealth, nobility, prosperity and happiness, earning it the title “Queen of Flowers”. In Chinese homes, flower paintings are often displayed for good luck, while in offices, they are believed to attract business success. The rich symbolism associated with flowers made them an ideal subject for exquisite timepieces, often crafted for esteemed patrons, including the Emperor. The significance of each flower would be well understood by China’s elite, serving as a flattering reflection of their own wealth and power.

Typically featuring a complete miniature painting on the enamel panel, this Swiss watch represents a rare gem, showcasing a beautifully painted enamel depiction of a summer blossom against a striking green background. Encased in a silver gilt “Empire” style case, the bezel, pendant, and bow are adorned with large half-pearls, complemented by a sprung cuvette Further enhanced by a fluted design on the caseband, the movement is finished with a very rare mirror polish, featuring duplex Jacot escapement, with all screws blued. Remarkably well-preserved for its age, the numbers inside the case remain crisp and legible. Kept in the same collection for over 30 years, this timepiece stands as an important piece of history in early Swiss watchmaking and its impact on Eastern culture.

SWISS

“Bouquets de Chine”

1013.

JAEGER-LECOULTRE — An impressive, exceptionally rare and exquisite limited edition wood marquetry and yellow sapphire and diamond-set Atmos clock with wood marquetry reproducing the painting “Portrait of Adele Bloch-Bauer I” after Gustav Klimt, mother-of-pearl regulator-style dial, 24-hour, month indication and moon phases, numbered 6 of a limited edition of 10 pieces

In 1928, engineer Jean‑Léon Reutter developed a revolutionary clock mechanism capable of living quite literally “on air.” Placed into production by Jaeger‑LeCoultre in the 1930s, the Atmos quickly became a design icon, running from the smallest variations in atmospheric temperature. Nicknamed the “President’s Clock,” it was long adopted as the official diplomatic gift of the Swiss Confederation. To mark the 80th anniversary of the Atmos in 2008, Jaeger‑LeCoultre unveiled an extraordinary creation at the Salon International de la Haute Horlogerie: the Atmos Marqueterie “Gustav Klimt,” produced in only ten examples worldwide. This series elevated the Atmos from technical marvel to artistic masterpiece, uniting precision horology with the decorative arts in homage to one of the greatest masters of Art Nouveau. The cabinet that encase the atmos clock recreates Gustav Klimt’s famed Portrait of Adele Bloch‑Bauer I (1903‑1907), celebrated as the quintessential work of the artist’s Golden Period. Often called “The Lady in Gold” or “Austria’s Mona Lisa”, it epitomises Klimt’s opulent fusion of portraiture, mosaic, and gilding. Translating its shimmering surface into wood and gold demanded extraordinary virtuosity. French marqueteur Jérôme Boutteçon achieved it by assembling more than 1,200 individual fragments of rare woods—amboyna burl, lemonwood, satinwood, tulipwood, and others—many gilded with delicate layers of gold leaf. The resulting surface glows with iridescent depth, perfectly echoing Klimt’s mosaic brilliance. A hidden button opens the cabinet to reveal the Atmos mechanism, safeguarded by rhodium‑plated crystal glass. The mother‑of‑pearl dial adopts a regulator display: hours at 12, the sweeping minutes at center, months and moon phases at 6. Ornamentation is of jewelled sophistication: a cushion‑cut yellow sapphire at 60 minutes mark, petrified wood indexes enrich the scale on the mother-of-pearl inlay, and a diamond‑set golden moon graces the lunar aperture. Blue‑varnished hands provide a refined finishing touch. At the heart of the clock beats the Jaeger‑LeCoultre cal. 582, distinguished by its architectural elegance and mechanical poetry. Driven by a hermetically sealed capsule of gases that expand and contract with temperature changes, the mechanism winds the mainspring in a cycle of near‑perpetual motion. Its moon phases display is astonishingly precise: deviating by only one day in every 3,821 years.

JAEGER-LECOULTRE

Atmos Marqueterie “Gustav Klimt”

1013.

積家，「Atmos Marqueterie “Gustav Klimt”」型號，極度精美罕有，限量版手工細木鑲鑽及黃色藍寶石玻璃空氣座鐘，備珠母貝錶盤、24小時、月份、月相顯示，特為紀念發明空氣座鐘80週年限量發行 10枚，編號6號，約2008年製。 Manufacturer

Jaeger-LeCoultre

Year

Circa 2008

Movement No. 748’450 Case No. 6/10 Model Name Atmos Marqueterie “Gustav Klimt” Material Wood, gold leaves, yellow sapphire, diamonds, mother-of-pearl and glass Calibre Wound by changes in the temperature, cal. 582, 30 jewels Dimensions 32cm length x 17cm width x 25.5cm height Signed Case, dial and movement signed Estimate HKD 780,000–1,560,000 USD 100,000–200,000 Accessories Accompanied by outer packaging.

The Atmos Marqueterie “Gustav Klimt” is more than a timekeeper: it is an artistic manifesto, a convergence of horology, craftsmanship, and fine art, echoing the same spirit of innovation that defined both Jaeger‑LeCoultre and Klimt. Preserved in exceptional condition, it is numbered 6 out of the limited edition of 10 pieces. With its spectacular marquetry cabinet and ingenious Atmos movement, this remarkable clock is a landmark in the history of Jaeger‑LeCoultre and a defining dialogue between horology and fine art. PROPERTY OF AN IMPORTANT KOREAN COLLECTOR 重要韓國私人收藏

JAEGER-LECOULTRE

Atmos Marqueterie “Gustav Klimt”

1014.

PATEK PHILIPPE — An unpolished, exceptionally well-preserved and important yellow gold perpetual calendar chronograph wristwatch with moon phases, hang tag and presentation box

The Patek Philippe reference 2499 stands as a monumental reference to the pinnacle of horological artistry, an iconic masterpiece that has captivated collectors and connoisseurs alike since its introduction. Often referred to as the “holy grail” of wristwatches, this perpetual calendar chronograph embodies a harmonious blend of technical complexity and aesthetic elegance, tracking time while telling a story of craftsmanship that transcends generations. With only 349 pieces produced, each watch carries a unique history, evoking an aura of exclusivity and prestige that makes it a coveted treasure for serious collectors. Within the realm of fine watchmaking, the Reference 2499 reigns supreme, symbolizing Patek Philippe’s unwavering commitment to excellence and serving as a beacon of sophistication that continues to inspire admiration. The Patek Philippe ref. 2499 across four series: First series (1951 – 1960): Square chronograph pushers, applied Arabic numerals and tachometer scale Second series (1955 – 1964): Round chronograph buttons, either applied baton or applied Arabic numerals and tachymeter scale. Third series (1960 – 1978): Round chronograph buttons, applied baton numerals and outer seconds divisions. Fourth series (1978 – 1985): Round chronograph buttons, applied baton numerals, outer seconds divisions and sapphire crystal (The present example) Of the approximately 120 watches produced in the 4th series, only around 46 were made in the MK I case, crafted by Wenger (Casemaker key 1), like the present example. The earlier MK I case represents the last cases made by Wenger before Patek Philippe began producing its own cases at its subsidiary, Ateliers Réunis, in 1982. The MK I Wenger case includes a larger crown, and the positions of the pushers and bezel profile are slightly different as well. The provenance of this watch is well-documented, having been sold four times, with its most recent appearance at Phillips Hong Kong in 2019 during the Phillips & Blackbird: SPORTS auction. Offered by an important European collector, it was kept untouched in the collection for six years before returning to the auction market. “Stunning” is the best way to describe the condition of this piece. The solid gold dial, crafted by Stern Frères, shows no signs of restoration and retains its original silky finish, a hallmark of these late-series dials. All 4th series dials are marked with sigma signs beside the “SWISS”, indicating that the hands and indexes are made of solid gold, a regulation for all Swiss-made watches starting from the 1970s. The present dial has preserved all printed inscriptions without any loss, and the calendar aperture windows are hand-cut and remarkably sharp. The gold Dauphine hands are original, along with the hands of all three subdials. The moon phase wheel, made of gold, features beautiful blue champlevé enamel representing the night sky. The back of the dial is properly marked and shows no signs of restoration, with the hour markers never removed.

PATEK PHILIPPE

Ref. 2499/100 “MK I”

1014.

PATEK PHILIPPE — An unpolished, exceptionally well-preserved and important yellow gold perpetual calendar chronograph wristwatch with moon phases, hang tag and presentation box

百達翡麗，型號2499/100 “MK I”，極度罕有﹑非常精細及重要，黃金萬年曆計時腕錶，備月相顯示，1980年製。附錶盒﹑配件、後補證書 Manufacturer

Patek Philippe

Year

1980

Reference No. 2499/100 “MK I” Movement No. 869’399 Case No. 2’779’160 Material

18K yellow gold

Calibre Manual, cal. 13’’’130Q, 23 jewels Bracelet/Strap Crocodile Clasp/Buckle Gold-plated pin buckle Dimensions 37.5mm diameter Signed Case, dial and movement signed Provenance Phillips Hong Kong, Phillips & Blackbird: SPORTS, 27 May 2019, lot 869. Estimate HKD 4,500,000–7,500,000 USD 577,000–962,000 Accessories Accompanied by Patek Philippe fitted presentation box and hang tag. Further delivered with a research study of the present watch and Patek Philippe Extract from the Archives confirming production of the present watch in 1980 and its subsequent sale on 30 June 1980. Literature Reference 2499 is illustrated in Patek Philippe Wristwatches by Martin Huber & Alan Banbery, second edition, pp. 302 & 304, and in Patek Philippe Museum - Patek Philippe Watches, Volume II, pp. 306-307.

The immaculate preservation extends to the case, which is exceptionally well-maintained. The case proportions retain their original shapes and appear almost new, with only very superficial wear on the surface. All hallmarks are extremely crisp, particularly on the caseband, which is especially prone to rounding with even the slightest polishing. The caseback maintains its original factory satin circular finish, with the 18K hallmark equally deep and crisp. The large winding crown, chronograph pushers and date correctors are all original, and their state of preservation indicates that the watch was not worn much during its lifetime. The bezel retains its shape and volume, consistent with the condition of the rest of the case. The inside of the bezel is correctly engraved with last the three digits of the case number “160” in Roman numerals, while the last three digits of the movement number “399” are engraved on the movement plate under the dial. The lugs are thick and in immaculate condition, with pronounced and crisp fluting. A magical find in the market, this piece comes with the Extract of the Archives, original hang tag, a research study and presentation box. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR

重要歐洲私人收藏

PATEK PHILIPPE

Ref. 2499/100 “MK I”

THE HONG KONG WATCH AUCTION: XXI 名錶薈萃－香港 XXI SESSION 3 23 NOVEMBER 2025, 2PM LOTS 1015–1123

1015.

PATEK PHILIPPE — A fine and attractive stainless steel wristwatch with bracelet, center seconds, date, Certificate of Origin and presentation box

百達翡麗，「Aquanaut」型號5167/1A-001，精細，精鋼自動鏈帶腕錶，備中心秒針、日期顯示，約2008 年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2008

Reference No. 5167/1A-001 Movement No. 3’905’252 Case No. 4’707’815 Model Name Aquanaut Material

Stainless steel

Calibre Automatic, cal. 324 S C AIG.3, 29 jewels Bracelet/Strap Stainless steel Patek Philippe bracelet, max length 195mm Clasp/Buckle Stainless steel Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped The Hour Glass (HK) Limited, dated 21 October 2008, service invoice, instruction manual, product literature, leather folio, hang tag, fitted presentation box and outer packaging.

To commemorate the 10th anniversary of the Aquanaut, Patek Philippe unveiled the ref. 5167A in 2007, a timepiece that astonished collectors with its array of upgrades and enhancements compared to its predecessor, the ref. 5165. Upon first glance, one is immediately drawn to the dial, which boasts a more intricate and defined pattern, a visual feast that captivates the eye and showcases Patek Philippe’s unwavering commitment to refined aesthetics. The case, now measuring a contemporary 40mm in diameter, lends the watch a more substantial and commanding presence on the wrist, while the newly designed three-link bracelet, with its satin-finished center links, adds a touch of understated elegance to the overall design. These thoughtful upgrades have imbued the ref. 5167 with a more robust and modern appeal, solidifying its status as one of the most coveted Aquanaut models in the eyes of collectors and enthusiasts alike. The present example from circa 2008 comes from the original owner and is further accompanied by its full set of accessories. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

1016.

PATEK PHILIPPE — A fine and attractive stainless steel dual-time flyback chronograph wristwatch with bracelet, date, day and night indication, setting pin, Certificate of Origin and presentation box

百達翡麗，「Nautilus Travel Time Chronograph」型號5990/1A-001，精細罕有，精鋼自動兩地時區飛返計時鏈帶腕錶，備日期、日夜顯示，約2014年製。附原裝證書、調整筆、錶盒 Manufacturer

Patek Philippe

Year

Circa 2014

Reference No. 5990/1A-001 Movement No. 5’825’029 Case No. 6’013’062 Model Name Nautilus Travel Time Chronograph Material

Stainless steel

Calibre Automatic, cal. CH28-520 C FUS, 34 jewels Bracelet/Strap Stainless steel Patek Philippe bracelet, max length 200mm Clasp/Buckle Stainless steel Patek Philippe deployant clasp Dimensions 40.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 400,000–800,000 USD 51,300–103,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Wempe London dated 10th December 2014, Wempe warranty card, leather folio, instruction manual, product literature, setting pin, fitted presentation box and outer packaging.

The Patek Philippe Nautilus has cemented itself as horology’s preeminent sports watch icon, evolving over the years to incorporate highly coveted complications. Launched in 2014, the dual-time flyback chronograph ref. 5990/1A succeeded its venerable ref. 5980/1A predecessor. Powered by the cal. CH 28-520 C FUS, it ingeniously integrates the dual-time functionality of the Aquanaut Travel Time ref. 5164 with an automatic flyback chronograph. The case design mirrors the lines of the ref. 5980, with seamlessly integrated dual time zone pushers on the “ear” sides, providing an uncluttered view that complements the Nautilus’ iconic silhouette. This particular example has the subtly elegant gray dial that was discontinued in 2022, superseded by a blue dial iteration. Arguably Patek Philippe’s most practical and sporty model to date, this Nautilus Travel Time Chronograph from circa 2014 is accompanied by its full set of accessories. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

1017.

PATEK PHILIPPE — A highly attractive, unworn and supremely impressive pink gold dual time flyback chronograph wristwatch with date, day and night indication, blue dial, bracelet, setting pin, Certificate of Origin and presentation box

百達翡麗，「Nautilus Travel Time Chronograph」型號 5990/1R-001，十分精細，玫瑰金兩地時區飛返計時自動鏈帶腕錶，備藍色錶盤、日期、日夜顯示，約2021 年製。附原裝證書、錶盒、調整筆 Manufacturer

Patek Philippe

Year

Circa 2021

Reference No. 5990/1R-001 Movement No. 7’406’955 Case No. 6’408’027 Model Name Nautilus Travel Time Chronograph Material

18K pink gold

Calibre Automatic, cal. CH28-520 C FUS, 34 jewels Bracelet/Strap 18K pink gold Patek Philippe bracelet stamped “A384QAP” to the endlink, max length 195mm Clasp/Buckle 18K pink gold Patek Philippe double deployant clasp Dimensions 40.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 1,200,000–2,400,000 USD 154,000–308,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Gubelin Boutique St. Moritz, dated 28 August 2021, product literature, leather document holder, setting pin, fitted presentation box, outer packaging and travel box.

The pink gold iteration of the 5990, succeeding the steel case and grey dial combination, was first introduced to the market in 2021 and instantly received praise for the luxurious pink gold case and bracelet and beautifully contrasting navy blue dial. It is the ultimate in luxury sports watches, and also the perfect travel companion with two essential complications. The present example is one of the first models to be sold during its launch year and it is offered by the original owner. It remains in unworn condition and accompanied by all the original accessories. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5990/1R-001

1018.

PATEK PHILIPPE — A highly rare and attractive pink gold double-signed dual-time wristwatch with center seconds, date, day and night indication, setting pin, Certificate of Origin and presentation box, retailed by Tiffany & Co.

百達翡麗，「Aquanaut Travel Time」型號5164R-001，十分精細罕有，玫瑰金自動兩地時間腕錶，備中心秒針、日期、日夜顯示，由蒂芙尼銷售，約2019年製。附原裝證書、錶盒、調整筆 Manufacturer

Patek Philippe

Year

Circa 2019

Reference No. 5164R-001 Movement No. 7’241’021 Case No. 6’320’497 Model Name Aquanaut Travel Time Material

18K pink gold

Calibre Automatic, cal. 324 S C FUS, 29 jewels Bracelet/Strap Rubber Clasp/Buckle 18K pink gold Patek Philippe deployant clasp Dimensions 40.8mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 700,000–1,400,000 USD 89,700–179,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Tiffany & Co., dated 25 May 2019, instruction manual, product literature, leather folio, setting pin, hang tag, fitted presentation box and Tiffany & Co., outer packaging.

Introduced in 2011, the Aquanaut Travel Time ref. 5164 marked the debut of complications within the Aquanaut line. Retaining the collection’s unmistakable sporty character, the model is distinguished by its cushion‑shaped case, embossed textured dial, and resilient tropical rubber strap. Beyond its striking aesthetic, the watch offers impressive utility: a dual‑time display with day/night indications, made effortless by the addition of two pushers integrated into the left caseband that allow instant adjustment of the second time zone. The present example, a ref. 5164R‑001 in rose gold from circa 2019, is made even more desirable by its Tiffany & Co. stamped dial and Certificate of Origin—a detail that greatly heightens its rarity and collectability. To date, this is only the second Tiffany‑signed example of the reference known to have appeared on the market. Offered in excellent overall condition and accompanied by its complete set of accessories, this Aquanaut Travel Time represents an especially rare opportunity for discerning collectors seeking something extra special. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR

重要亞洲私人收藏

PATEK PHILIPPE

Ref. 5164R-001, Retailed by Tiffany & Co.

1019.

PATEK PHILIPPE — A very fine and rare pink gold perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, additional solid caseback, setting pin and Certificate of Origin

百達翡麗，型號3970R-014「Fourth Series」，精細罕有，玫瑰金萬年曆計時腕錶，備月相、24小時、閏年顯示，約1999年製。附原裝證書、備用底蓋、調整筆 Manufacturer

Patek Philippe

Year

Circa 1999

Reference No.

3970R-014, Fourth Series

Movement No. 3’046’142 Case No. 4’103’702 Material

18K pink gold

Calibre Manual, cal. CH 27-70 Q, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 750,000–1,280,000 USD 96,200–164,000 Accessories Accompanied by blank Patek Philippe Certificate of Origin, additional solid caseback, setting pin and additional crocodile strap.

Introduced in 1986, the ref. 3970 succeeded the long‑lived ref. 2499, inaugurating a new chapter in Patek Philippe’s perpetual calendar chronograph lineage. The model was powered by the upgraded Lemania‑based cal. CH 27‑70 Q, replacing the Valjoux‑derived movement of its predecessor. While maintaining the family’s timeless aesthetic, the ref. 3970 introduced a more contemporary profile, reduced to 36mm in diameter. Produced for nearly two decades across four series and in all four precious metals—yellow, pink, and white gold as well as platinum—an estimated 4,000 examples were made in total. First series (1986 – 1988) – Features a snap back case, feuille hands and rectangular indexes. Only produced in yellow gold with an estimated 100 examples produced. Second series (1987 – 1990) – Features a solid screw back case “E – Etanche”, feuille hands, hallmarks on the side on the lugs and rectangular indexes. Produced in all four case materials with an estimated 450 examples produced across all metals.

Third series (1989 – 1995) – Features a solid screw back case “E – Etanche” with an extra sapphire caseback, baton hands and lapidated indexes. Estimated 1,350 examples produced across all metals. Fourth series (1994 – 2004) – Same configuration as the third series. From 1997 onwards it features deployant clasps. Estimated 2,000 examples produced across all four metals. (The present example) The present watch, a ref. 3970R‑014 in pink gold, belongs to the fourth series and carries a movement in the 3’046’XXX range, placing it among the final examples produced before the model’s discontinuation. It is preserved in highly attractive condition, with hallmarks visible still visible on all four lugs. Accompanied by its Certificate of Origin, additional solid caseback and setting pin—this fourth series ref. 3970 in elegant pink gold stands as a superb representative of one of Patek Philippe’s most revered modern grand complications, and will certainly appeal to the discerning collector seeking a timeless perpetual calendar chronograph.

PATEK PHILIPPE

Ref. 3970R-014, Fourth Series

1020.

PATEK PHILIPPE — A “like-new”, highly rare and attractive platinum perpetual calendar chronograph wristwatch with moon phases, 24-hour, leap year indication, additional solid caseback, setting pin, Certificate of Origin and presentation box

百達翡麗，型號5970P-001，十分精美罕有，鉑金萬年曆計時腕錶，備月相、24小時、閏年顯示，約2011年製。附原裝證書、備用底蓋、調整筆、錶盒 Manufacturer

Patek Philippe

Year

Circa 2011

Reference No. 5970P-001 Movement No. 3’932’139 Case No. 4’503’661 Material

Platinum

Calibre Manual, cal. CH 27-70 Q, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,200,000–2,200,000 USD 154,000–282,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King Fook Jewellery Group Ltd. Hong Kong, dated 19 April 2011, instruction manual, product literature, leather folio, additional solid caseback, setting pin, hang tag, fitted presentation box and outer packaging.

Following the long and legendary legacy of serially produced perpetual calendar chronograph wristwatches including Patek Philippe references 1518, 2499 and 3970, the ref. 5970 was launched in 2004. With a new, sportier take on the classic aesthetics, the reference features a much larger case size measuring 40mm diameter, a significant increase from its predecessors. The combined larger face, rectangular chronograph pushers and beveled lugs all contribute to a wristwatch with a strong masculine appeal. Introduced in yellow gold, pink gold, white gold and platinum, the present platinum iteration features an exquisitely finished black dial with white gold hands and indexes and printed white script giving the dial a perfect contrast as well as enhancing its legibility. There is a fine symmetry between each individual parts giving the dial a perfect balance. The ref. 5970 was Patek Philippe’s very last perpetual calendar chronograph wristwatch series to feature a Lemania base cal. 2310. It would be discontinued in 2011 with the introduction of its successor, the ref. 5270, for which Patek Philippe used its own in-house movement. Consigned by the original owner, the present fresh-to-the-market ref. 5970P-001 offered in “like-new” condition and complete with the full set of accessories is most definitely an example that would impress the most discerning Patek Philippe collectors. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5970P-001

•

1021.

BELL & ROSS — A “brand-new”, large and vibrant limited edition chronograph wristwatch with small seconds, date and red lacquered dial, warranty and presentation box, numbered 00 of a limited edition of 99 pieces made for the Japanese market

Bell & Ross，「Chrono Ailes Rouges」型號BR03-94 ，精細罕有，限量版精鋼自動計時腕錶，備紅色錶盤、小秒針、日期顯示，特為日本市場限量發行99枚，編號 00號，約2024年製。附原裝證書、錶盒 Manufacturer

Bell & Ross

Year

Circa 2024

Reference No. BR03-94 Case No. S-25583, 00/99 Model Name Chrono Ailes Rouges Material

Stainless steel

Calibre Automatic, cal. BR301 Bracelet/Strap Calf Clasp/Buckle Stainless steel Bell & Ross pin buckle Dimensions 42mm width Signed Case, dial, movement and buckle signed Estimate HKD 50,000–100,000 USD 6,400–12,800 Accessories Accompanied by Bell & Ross undated warranty, product literature, Velcro strap, 2 adjustment tools, fitted presentation box and outer packaging.

Bell & Ross has unveiled the BR-03 Chrono Ailes Rouges, a limited edition watch exclusively for the Japanese market. The name “Ailes Rouges,” meaning “Red Wings” in French, reflects the brand’s passion for aviation and pays tribute to nearly 90 years of shared aviation history between France and Japan. This timepiece is inspired by the extraordinary journey of French aviator André Japy, who in the 1930s attempted a solo flight from Paris to Tokyo aboard a Caudron Simoun aircraft. Though his ambitious quest ended in disaster due to severe weather over Kyushu, which led to a crash, Japy’s experience provided valuable insights that would later help establish aviation routes between the two nations. In response, a joint “Red Wings” project aims to fulfill Japy’s dream by restoring a Caudron Simoun and recreating his intended flight path from Saga to Tokyo, bridging the past and present. The BR-03 Chrono Ailes Rouges beautifully captures this narrative. Its vibrant red sun motif calf strap and dial symbolize the aircraft’s colors, making a bold statement. The dial retains the classic BR-03 Chrono layout, featuring a small seconds sub-dial at 3 o’clock adorned with an illustration of the Caudron Simoun. At 6 o’clock “AILES ROUGES” is inscribed alongside the years 1936 and 2024, reinforcing its historical significance. The proceeds of the present lot will go to the funding of the completion of the Caudron Simoun reproduction. To support this endeavor, the winner of this exclusive piece numbered 00 will be invited by Bell & Ross to Japan for a special ceremony for this celebration, offering a once-in-a-lifetime experience that honors history, innovation, and FrancoJapanese friendship. Bell & Ross will offer complementary accommodation for the winner.

THIS LOT IS OFFERED WITHOUT RESERVE

BELL & ROSS

Ref. BR03-94, Chrono Ailes Rouges

1022.

ZENITH — A fine and attractive limited edition stainless steel chronograph wristwatch with date, gradient blue dial, warranty and presentation box, numbered 143 of a limited edition of 150 pieces made exclusively for the North American market

真力時，「Chronomaster Revival Liberty」型號 A384，精細，限量版精鋼自動計時腕錶，備藍色錶盤、日期顯示，為北美市場限量發行150枚，編號143號，約2020年製。附原裝證書、錶盒、配件 Manufacturer

Zenith

Year

Circa 2020

Reference No. A384 Movement No. 659’931 Case No. 557’945, No. 143/150 Model Name Chronomaster Revival Liberty Material

Stainless steel

Calibre Automatic, cal. El Primero 400, 31 jewels Bracelet/Strap Rubber Clasp/Buckle Zenith stainless steel pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle Estimate HKD 32,000–62,000 USD 4,100–7,900 Accessories Accompanied by Zenith warranty stamped Manfredi Jewels U.S.A., dated 14 December 2020, instruction manual, product literature, leather card holder, cloth, travel case, fitted presentation box and outer packaging.

In 2019, Zenith celebrated the 50th anniversary of the El Primero with a series of revival models, honouring both the calibre and the watches that first carried it. Among them was the Chronomaster Revival Liberty, created exclusively for the North American market in a limited edition of just 150 pieces. Inspired by the American flag, the Liberty is distinguished by its handsome gradient blue dial, accented with red and white stripes, a patriotic tribute rendered with finesse. Faithful to the proportions of the original A384, the angular tonneau case follows the original blueprints, complete with details such as the date aperture at 4:30 and the correct vintage typography, including the flat “A” and “4.” Modern refinements enhance its wearability: sapphire crystal replaces acrylic, while a sapphire caseback reveals the latest generation El Primero cal. 400. Beating at 36,000 VPH, it delivers a robust 50‑hour power reserve, improved precision, and reliable water resistance. Offered in hardly worn condition with its full set of accessories, the present Chronomaster Revival Liberty exemplifies the perfect blend of heritage and modernity: a faithful tribute to one of watchmaking’s most legendary movements, infused with contemporary refinement and conceived as an American market limited edition. PROPERTY OF A GENTLEMAN 男士私人收藏

1023.

BLANCPAIN — An attractive and well-preserved titanium diver’s wristwatch with center seconds, date, warranty and presentation box

寶珀，「Fifty Fathoms」型號5015-12B30B52A，鈦金自動腕錶，備中心秒針及日期顯示，約2020年製。附錶盒、原裝證書、配件 Manufacturer

Blancpain

Year

Circa 2020

Reference No. 5015-12B30B52A Case No. 198 Model Name Fifty Fathoms Material

Titanium

Calibre Automatic, cal. 1315, 35 jewels Bracelet/Strap Nylon Clasp/Buckle Titanium Blancpain pin buckle Dimensions 45mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 45,000–75,000 USD 5,800–9,600 Accessories Accompanied by Blancpain international warranty stamped Gioielleria Palumbo Srl, Palermo dated 7 February 2020, instruction manual, product literature, 2019 calendar card, 2 additional pairs of rubber and fabric staps, cloth, travel pouch, hang tag, fitted presentation box and outer packaging.

The Blancpain Fifty Fathoms diver’s wristwatch first appeared in the 1950’s designed as a professional tool watch rivalling against the Rolex Submariner launched roughly around the same time. Fast forward to the 21st century, the Fifty Fathoms remains a thriving model with modern upgrades and enhanced professional capabilities. In 2014, Blancpain launched the Fifty Fathoms 5015 encased in titanium with an all sapphire crystal luminous bezel insert. Providing durability, the nature of the sapphire crystal ensures a tougher hardness while retaining a vintage aura. Whilst Fifty Fathoms is equivalent to 100 meters, the present example boasts a depth rating of up to 300 meters. Presented in well-preserved condition, the present example is accompanied by the full set of accessories along with its durable Peli fitted presentation box. PROPERTY OF A GENTLEMAN 男士私人收藏

1024.

AUDEMARS PIGUET — A rare and attractive limited edition titanium and platinum chronograph wristwatch with date, bracelet, warranty and presentation box, made in a limited edition of 500 pieces to commemorate the 20th anniversary of the Royal Oak Chronograph

愛彼，「Royal Oak Chronograph」型號26331IP. OO.1220IP.01，精細罕有，限量版鈦金及鉑金自動計時鏈帶腕錶，備日期顯示，特為「Royal Oak Chronograph」二十週年限量發行500枚，約2017年製。附原裝證書、錶盒、配件 Manufacturer

Audemars Piguet

Year

Circa 2017

Reference No. 26331IP.OO.1220IP.01 Movement No. 936’289 Case No. K29’039 Model Name Royal Oak Chronograph Material

Titanium and platinum

Calibre Automatic, cal. 2385, 37 jewels Bracelet/Strap Titanium and platinum Audemars Piguet bracelet, max length 170mm Clasp/Buckle Titanium Audemars Piguet deployant clasp Dimensions 41mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 360,000–630,000 USD 46,200–80,800 Accessories Accompanied by Audemars Piguet international warranty, 2 additional links, instruction manual, product literature, hang tag, slip case, travelling pouch, fitted presentation box and outer packaging.

One of the true icons of modern haute horlogerie, the Royal Oak Chronograph has been a game-changer since its debut in 1997. To commemorate the model’s 20th anniversary in 2017, Audemars Piguet introduced the ref. 26331 generation, featuring a reduced size for the small seconds at 6 o’clock, which maximized the space for the hour and minute chronograph registers. Alongside this, they released the present reference 26331IP.OO.1220IP.01, one of the rarest variants on the market, produced in a limited edition of just 500 pieces. Housed in a generous 41mm titanium case with the iconic platinum octagonal bezel, the striking slate grey grand tapisserie dial is beautifully complemented by deep blue registers and an outer track, finished off with a matching slate grey date wheel. The two-tone design extended to the titanium bracelet filled with platinum interlinks. Powering this robust chronograph is the calibre 2385, based on the legendary Frederic Piguet calibre 1185, which offers up to 40 hours of power reserve. Well-preserved and in excellent overall condition, the watch retains its stickers on the caseback and bracelet. It is also accompanied by its warranty and accessories. With this reference already discontinued from the Audemars Piguet catalog, it presents a rare opportunity for collectors to acquire this highly sought-after limited edition with a remarkable presence on the wrist.

AUDEMARS PIGUET

Ref. 26331IP, Royal Oak Chronograph

1025.

AUDEMARS PIGUET — A rare and very attractive limited edition pink gold chronograph wristwatch with carbon fiber inserts, date, certificate and presentation box, numbered 351 of a limited edition of 500 pieces

愛彼，「Royal Oak Offshore Juan Pablo Montoya Chronograph」型號26030RO.OO.D001IN.01，罕有，限量版玫瑰金自動計時腕錶，備碳纖維錶圈、日期顯示，限量發行500枚，編號351號，約2004年製。附錶盒、原裝證書 Manufacturer

Audemars Piguet

Year

Circa 2004

Reference No. 26030RO.OO.D001IN.01 Movement No. 583’251 Case No. F25097, 351/500 Model Name Royal Oak Offshore Juan Pablo Montoya Chronograph Material

18K pink gold

Calibre Automatic, cal. 2226, 54 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Audemars Piguet deployant clasp Dimensions 42mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 240,000–400,000 USD 30,800–51,300 Accessories Accompanied by Audemars Piguet signed certificate of authenticity, instruction manual, product literature, quality control certificate, additional rubber strap, limited edition fitted presentation box and outer packaging.

In 2004, Juan Pablo Montoya became the brand ambassador of Audemars Piguet with the launch of the highly coveted Royal Oak Offshore named after the racecar icon. Gaining immediate traction from F1 fans and collectors all over the globe, this phenomenal timepiece was produced in only two precious metal: titanium in a limited series of 1000 pieces, and like the present example 18K pink gold in a limited series of just 500 pieces. Each individually numbered and fueled with immense racecar driven concept, the Royal Oak Offshore Juan Pablo Montoya edition is simply astonishing. With eight cylinder head screws, carbon fiber armor, clutch disk shaped rotor and pedal like pushers, this hefty timepiece is craft and built like a true motorsport machine. Audemars Piguet also took a stepped further into the dial design, the grand tapisserie dial has an added flair with a subtle motif of a checkered flag as drivers speed pass the finish line. Furthermore, the strap is anything but mundane, pattern stitched, the black strap takes inspiration of padded race suits worn by F1 superstars. Sublime in mechanics down to every nut and bolt, the present timepiece definitely deserves the podium. Numbered 351 out of a limited series of only 500 pieces, this engine is offered in an attractive condition with its original accessories, a true capsule piece and perfect to be worn by collectors during the showdown of the next race week. PROPERTY OF AN IMPORTANT EUROPEAN COLLECTOR 重要歐洲私人收藏

1026.

AUDEMARS PIGUET — A very fine and rare PVD-coated titanium limited edition chronograph wristwatch with oversized chronograph pusher guards, date, numbered 215 of a limited edition of 1000 pieces

愛彼，「Royal Oak Offshore Survivor」型號26165IO. OO.A002CA.01，精細罕有，限量版PVD塗層鈦金自動計時腕錶，備大型計時按鈕錶冠護橋、日期顯示，限量發行1000枚，編號第215號，2008年製。附電子後補證書 Manufacturer

Audemars Piguet

Year

2008

Reference No. 26165IO.OO.A002CA.01 Case No. G 46180, 0215/1000 Model Name Royal Oak Offshore Survivor Material

PVD-coated titanium

Calibre Automatic, cal. 3126/3840, 59 jewels Bracelet/Strap Rubber Clasp/Buckle PVD-coated titanium Audemars Piguet pin buckle Dimensions 42mm diameter Signed

Case, dial, movement and buckle signed

Estimate HKD 75,000–120,000 USD 9,600–15,400 Accessories Delivered with Audemars Piguet digital Extract from the Archives confirming the register date of the present timepiece on 20 October 2008.

The Audemars Piguet Royal Oak Offshore “Survivor” Limited Edition is a bold and tactical reinterpretation of the iconic Royal Oak design, released in 2008 in a limited run of 1,000 pieces. Crafted from lightweight titanium, the watch features aggressive, military-inspired aesthetics such as grenadepin-like chronograph pushers, a heat-sink-style bezel, and a muzzle-brake-shaped crown. Its black waffle dial and scope-like subdials reinforce its rugged character, while the Caliber 3126/3840 movement, enhanced by a Dubois-Depraz chronograph module, delivers robust mechanical performance. Designed for collectors who appreciate tactical gear and avant-garde horology, the Survivor stands out as a daring and unconventional piece in Audemars Piguet’s lineup. With further enhanced aesthetics and oversized pusher guards, the watch is hard to miss and incredibly eye catching. Moreover, the watch is completely blacked out and looks like a timepiece a special ops officer would wear. Numbered 215, the present timepiece is offered in overall excellent condition. PROPERTY OF A GENTLEMAN 男士私人收藏

1027.

PANERAI — A “like-new”, highly complicated and impressive limited edition EcoPangaea steel skeletonized tourbillon dual-time wristwatch with day and night, power reserve indication, rubber strap autographed by Mike Horn, warranty and presentation box, numbered 4 of a limited edition of 5 pieces

沛納海，「Submersible EcoPangaea Tourbillon GMT “Mike Horn”」型號 PAM01108，精細，限量版「EcoPangaea」精鋼鏤空陀飛輪兩地時區腕錶，備日夜、動力儲存顯示、Mike Horn簽名膠帶，限量發行 5枚，編號4號，約2021年製。附原裝證書、錶盒 Manufacturer

Panerai

Year

Circa 2021

Reference No. PAM01108 Case No. OP7317, PN0034866, W4/5 Model Name Submersible EcoPangaea Tourbillon GMT “Mike Horn” Material

EcoPangaea steel

Calibre Manual, P.2005/T, 31 jewels Bracelet/Strap Rubber, autographed by Mike Horn Clasp/Buckle Stainless steel Panerai pin buckle Dimensions 50mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 240,000–480,000 USD 30,800–61,500 Accessories Accompanied by Panerai warranty card dated 25th December 2021, additional woven strap, spring bar tool, screwdriver, fitted presentation box and outer packaging.

Following the Arktos (2002-2004), North Pole Winter (2006), Pangea (2008-2012), and Pole2Pole expeditions (2016-2019), Panerai once again collaborates with Mike Horn, a South African-born Swiss explorer and adventurer, in 2020 - a special edition Submersible Tourbillon GMT, limited to just 5 pieces. The Submersible EcoPangaea Tourbillon GMT PAM01108 features a skeletonized movement with a second time zone and a tourbillon. Remarkably, the watch is housed in a massive 50mm case made from a unique type of steel known as EcoPangaea steel, which is recycled from the discarded drive shaft of Pangaea, the 35m sailboat owned by Mike Horn. This vessel has accompanied him on numerous expeditions around the globe, from Antarctica to the Amazon, which is also reflected on the caseback of the watch. The PAM01108 is powered by the P.2005/T movement, which Panerai has utilized in several other skeletonized tourbillon watches, but is constructed from titanium in this reference. This hand-wound movement boasts a six-day power reserve and features a novel tourbillon positioned at 10 o’clock. Unlike conventional tourbillons that rotate on the same plane as the dial, the Panerai tourbillon rotates perpendicularly, completing one revolution every 30 seconds. Preserved in like-new, unworn condition, the strap is also autographed by Mike Horn, making this a truly special collectible within the explorer community. PROPERTY OF AN IMPORTANT KOREAN COLLECTOR 重要韓國私人收藏

PANERAI

Submersible EcoPangaea Tourbillon GMT “Mike Horn”

1028.

PATEK PHILIPPE — A fine and attractive white gold world time wristwatch with cloisonné enamel dial, Certificate of Origin and presentation box

百達翡麗，「World Time」型號5131G-001，精細罕有，白金自動世界時區腕錶，備掐絲琺瑯世界地圖錶盤，約2013年製。附錶盒、原裝證書 Manufacturer

Patek Philippe

Year

Circa 2013

Reference No. 5131G-001 Movement No. 5’685’263 Case No. 4’594’154 Model Name World Time Material

18K white gold

Calibre Automatic, cal. 240 HU, 33 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 470,000–940,000 USD 60,300–121,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Hesselbein’s United States dated 28th January 2013, leather folio, product literature, instruction manual, fitted presentation box and outer packaging.

The Patek Philippe reference 5131 is unmistakably part of the prestigious lineage of the Maison’s world time models. Originally introduced in 2008 in yellow gold with a map of the Americas, it was later made available in white gold, like the present example in 2009 featuring a map of Asia, Africa and Europe. At the time of launch, and now discontinued, it was the first modern world time reference to be graced with the fabled cloisonné dial featuring geographic maps. Painstakingly difficult to execute and only realised by the most skilled artisans, the world time reference 5131 was produced in limited quantities. As shown in the present example, the vivid cloisonné enamel center disc depicts Europe, Africa, Asia, in a brilliant mixture of blues, greens, browns, and yellows hues, all outlined in fine ribbons of gold. Cased in an extremely modern and balanced 40mm case, this timepiece is a contemporary horological masterpiece and undoubtably the perfect companion for the well-travelled connoisseur. Offered in excellent overall condition, the present Patek Philippe world time reference 5131G is further accompanied by its original set of accessories.

PATEK PHILIPPE

Ref. 5131G-001, World Time

1029.

VACHERON CONSTANTIN — A “like-new”, extremely rare and intricate limited edition platinum wristwatch with retrograde hours and minutes, polychrome champlevé enamel dial depicting China and presentation box, one of a limited edition of 6 pieces

江詩丹頓，「Mercator」型號43050/000P-9038，十分精細罕有，限量版鉑金自動腕錶，備逆跳讀時及分鐘，中國地圖彩色內填琺瑯錶盤，限量發行6枚， 2002年製。附後補證書、錶盒、配件 Manufacturer

Vacheron Constantin

Year

2002

Reference No. 43050/000P-9038 Movement No. 862’088 Case No. 756’192 Model Name Mercator Material

Platinum

Calibre Automatic, cal. 1120, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Vacheron Constantin deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 320,000–500,000 USD 41,000–64,100 Accessories Accompanied by Vacheron Constantin certificate of authenticity dated 8th February 2005 confirming its date of manufacture of the present timepiece in 2002, loupe, product literature, fitted presentation box and outer packaging.

Vacheron Constantin’s exquisitely designed Mercator wristwatch was released in 1994 to commemorate the 400th anniversary of the scholar’s death, reflecting his legacy through its intricate design. The retrograde hour and minute hands resemble the legs of a handheld compass, while the stunning polychrome champlevé enamel dial features a depiction of China from a map dating to circa 1619. This dial—and indeed, the very concept of the watch—was crafted by Belgian master enamellers Lucie and Jean Genbrugge, who specialize in creating ultra-thin miniature paintings on enamel. Making its auction debut in this configuration, the dial prominently displays China, along with Korea and a small portion of Japan on the right side. This particular example, made of platinum, is confirmed by its certificate of authenticity as part of a limited edition of only 6 pieces produced exclusively for the Chinese market. Consigned directly from the original owner, both the platinum and yellow gold variants (the next lot) were purchased at the same time and this particular example has hardly been worn since the early 2000s. The dial is beautifully preserved, with its vivid enamel serving as a true testament to the intersection of history, art, culture and watchmaking. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

1030.

VACHERON CONSTANTIN — An extremely rare and intricate limited edition yellow gold wristwatch with retrograde hours and minutes, polychrome champlevé enamel dial depicting China and presentation box, one of a limited edition of 6 pieces

江詩丹頓，「Mercator」型號43050/000J-9038，十分精細罕有，限量版黃金自動腕錶，備逆跳讀時及分鐘，中國地圖彩色內填琺瑯錶盤，限量發行6枚， 2002年製。附後補證書、錶盒、配件 Manufacturer

Vacheron Constantin

Year

2002

Reference No. 43050/000J-9038 Movement No. 862’120 Case No. 674’010 Model Name Mercator Material

18K yellow gold

Calibre Automatic, cal. 1120, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Vacheron Constantin deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 250,000–400,000 USD 32,100–51,300 Accessories Accompanied by Vacheron Constantin certificate of authenticity dated 8th February 2005 confirming its date of manufacture of the present timepiece in 2002, loupe, product literature, fitted presentation box and outer packaging.

Conceived in 1994 to commemorate the 400th anniversary of Gerardus Mercator’s passing, the Mercator collection from Vacheron Constantin revolutionized watchmaking with its dual retrograde display—an audacious technical innovation that remains impressive even decades later. Alongside the platinum variant (the previous lot), this configuration in yellow gold makes its auction debut with the exceedingly rare polychrome champlevé enamel dial depicting China and its neighboring regions—one of only 6 pieces ever created. Offered by the original owner, the dial is extremely well-preserved, and the case has seen minimal wrist time since its creation in 2002. Additionally, the Mercator remained in production for exactly a decade, with Vacheron confirming that a total of 638 examples were created between 1994 and 2004, making this a very rare opportunity to acquire such a masterpiece for the Chinese market. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

1031.

VACHERON CONSTANTIN — A “like-new”, very fine and impressive pink gold limited edition wristwatch with foliage motif enamel dial, day, date, gold hand-engraved micro-sculpture of a pig, warranty and presentation box, one of a limited edition of 12 pieces made for the Year of the Pig

江詩丹頓，「Métiers d’Art The Legend Of The Chinese Zodiac – Year Of The Pig」型號 86073/000R-B428，精美罕有，限量版玫瑰金自動腕錶，備琺瑯錶盤、日期、星期顯示、金豬微型手工雕刻，特為豬年限量發行12枚，約2019年製。附原裝證書、錶盒 Manufacturer

Vacheron Constantin

Year

Circa 2019

Reference No. 86073/000R-B428 Movement No. 5’340’532 Case No. 1’383’524 Model Name Métiers d’Art The Legend Of The Chinese Zodiac – Year Of The Pig Material

18K pink gold

Calibre Automatic, cal. 2460, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Vacheron Constantin deployant clasp Dimensions 40mm diameter Signed Case, crystal, movement and clasp signed Estimate HKD 240,000–400,000 USD 30,800–51,300 Accessories Accompanied by Vacheron Constantin undated warranty card, product literature, fitted presentation box and outer packaging.

In celebration of the Year of the Pig in 2019, Vacheron Constantin expanded their Métiers d’Art The Legend Of The Chinese Zodiac collection with a limited edition timepiece. This pink gold watch is one of 12 pieces created, featuring a microsculpture of a golden pig on a beautifully decorated dial. The dial showcases a distinctive foliage motif crafted from 18k gold, inspired by classic Chinese iconography. The dial undergoes a Grand Feu enamel process, resulting in a unique bronze hue and after that, the hand-engraved pig is applied to the center of the dial. Powered by the automatic calibre 2460, which bears the prestigious Hallmark of Geneva, the design allows the pig to sit at the center without obstruction from the hands. Instead, the hour, minute, day, and date are displayed on four discs in separate apertures. Showcasing the exceptional craftsmanship of the engraver, this timepiece is a breathtaking work of art, celebrating the Chinese New Year with its mesmerizing aesthetics. Offered in like-new condition and accompanied by its original certificate and box, this lot will undoubtedly appeal to passionate watch and art collectors. PROPERTY OF AN IMPORTANT KOREAN COLLECTOR 重要韓國私人收藏

1032.

VACHERON CONSTANTIN — An extremely rare and elegant limited edition pink gold wristwatch with small seconds, guilloché dial, guarantee and presentation box, one of a limited edition of 20 pieces made exclusively for the opening of the Tokyo Ginza boutique

江詩丹頓，「Traditionelle」型號82172/000R-9808，十分精細罕有，玫瑰金腕錶，備小秒針、璣鏤錶盤，特為東京銀座旗艦店新開幕製作，約2015年製。附原裝證書、錶盒、配件 Manufacturer

Vacheron Constantin

Year

Circa 2015

Reference No. 82172/000R-9808 Movement No. 5’294’916 Case No. 1’296’970 Model Name Traditionelle Material

18K pink gold

Calibre Manual, cal. 4400/1, 21 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Vacheron Constantin pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 78,000–160,000 USD 10,000–20,500 Accessories Accompanied by Vacheron Constantin guarantee stamped Vacheron Constantin Boutique Ginza Tokyo, dated 31 January 2015, COSC certificate, passport, magnifier, USB, cloth, hang tag, toolbox, outer packaging and fitted presentation box.

In December 2014, Vacheron Constantin unveiled its inaugural boutique in Japan, nestled in the heart of Ginza—Tokyo’s famed enclave of haute horlogerie and luxury retail. To commemorate this milestone, the maison presented three exclusive limited editions, each available solely at the new Tokyo boutique: the Traditionnelle, Overseas Dual Time, and Traditionnelle 14-Day Tourbillon. Unified by a refined black dial motif, all three models exhibit intricate hand-guilloché and bear a discreet inscription: “Limited Edition Tokyo,” subtly embedded as a secret signature visible only when viewed at just the right angle. Of the trio, the Traditionnelle stands out for its quiet elegance and minimalist allure. Housed in a 38mm pink gold case—an ideal balance of proportion and sophistication. The dial itself is formed from 18K gold, adorned with an exquisite guilloché pattern inspired by the Japanese “Rising Sun”. As with the secret signature, the pattern is only visible at certain angles, a poetic nod to exclusivity. Limited to just 20 pieces and accompanied by its full set of accessories, this Traditionnelle is a special treat that will certainly please the most discerning collectors.

1033.

CARTIER — A very rare and attractive limited edition platinum tonneau-shaped dual-time wristwatch with guilloché dial and certificate, numbered 38 of a limited edition of 99 pieces made to commemorate Macau’s handover to the People’s Republic of China

卡地亞，「Tonneau Double Fuseau “Macau”」型號 2487，十分罕有，限量版鉑金酒桶形兩地時區腕錶，備璣鏤錶盤，特為紀念澳門回歸限量發行99枚，編號 38號，約1999年製。附證書 Manufacturer

Cartier

Year

Circa 1999

Reference No. 2487 Case No. 38/99 Model Name Tonneau Double Fuseau “Macau” Material

Platinum

Calibre Manual, cal. 061, 21 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Cartier deployant clasp Dimensions 26mm width x 46mm length Signed Case, dial, movement and clasp signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories

Accompanied by blank Cartier certificate, CD-ROM, product literature, red folder and associated presentation box.

The Cartier Tonneau has long been an important model in the fruitful heritage of the firm. With the very first example released over a century ago in 1906, the model remains as one of the most iconic and elegant timepieces retaining its aesthetical principle as its original model. Distinctive in design with its tonneau-shaped contour, the present example cased in platinum is not only part of the coveted Collection Privée Paris (CPCP), it is also a celebration in 1999 as a limited edition created for the Macau handover to the People’s Republic of China. Operated by the two signature cabochon sapphire crowns and fitted with a Tonneau Double Fuseau dial (French for double time zone), the dual-time display are decorated in different styles, the applied 9 o’clock hour marker adds further uniqueness to the very year of 1999. The scarce collection was produced in only 99 pieces with 22 pieces made as lefthanded edition and 77 of them as right-handed edition like the present example. Elegant and refined, this attractive example is engraved “Macau 1999” and numbered 38 of a limited edition of 99 on its caseback. For those who missed out on the release in 1999, this is an absolutely fantastic chance to seize this striking edition of the brand’s classic icon.

1034.

PATEK PHILIPPE — A very rare and limited edition pink gold wristwatch with Breguet numerals and small seconds, one of a limited edition of 30 pieces, made to celebrate Macau’s handover to the People’s Republic of China

百達翡麗，「Calatrava “Macau Handover”」型號 5026R，限量版玫瑰金自動腕錶，備寶璣數字時標、小三針，1999年製，特為紀念澳門回歸限量發行30 枚。附後補證書 Manufacturer

Patek Philippe

Year

1999

Reference No. 5026R Movement No. 3’150’921 Case No. 4’030’533 Model Name Calatrava “Macau Handover” Material

18K pink gold

Calibre Automatic, cal. 240 PS, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1999 and its subsequent sale date on 6 December 1999.

The Patek Philippe Calatrava Ref. 5026R “Macau Handover” is a rare limited edition watch created to commemorate Macau’s return to Chinese sovereignty in 1999 after over four centuries of Portuguese administration. Only 30 pieces were produced, making it one of the most exclusive Calatrava models ever released. Crafted in 18K pink gold, the watch features a classic 33mm case, an ivory white dial adorned with elegant Breguet numerals, and a subsidiary seconds dial at 5 o’clock. Its standout feature is the emblem at 7 o’clock, specially designed to celebrate the historic handover. This emblem is not merely decorative but marks the exact date of the event, serving as a symbolic and visual anchor for the watch’s commemorative purpose. Powered by the ultra-thin Caliber 240 automatic movement with a 22K yellow gold micro-rotor, the watch maintains Patek Philippe’s tradition of technical excellence. The emblem at 7 o’clock adds a unique layer of historical significance, making the watch not only a collector’s item but also a wearable tribute to a pivotal moment in modern Chinese history. Offered in excellent condition along with its Extract from the Archives, the present 5026R Macau Handover edition remains one of the most culturally resonant and aesthetically understated pieces in Patek Philippe’s catalogue.

1035.

CARTIER — A highly rare and attractive limited edition yellow gold asymmetric wristwatch with Arabic numerals, numbered 34 of a limited edition of 300 pieces

卡地亞，「Tank Asymétrique」型號2488，十分精細罕有，限量版黃金腕錶，備阿拉伯數字時標，限量發行300枚，編號第34號，1996年製 Manufacturer

Cartier

Year

1996

Reference No. 2488 Case No. 34/300, A 113287 Model Name Tank Asymétrique Material

18K yellow gold

Calibre Manual, cal. 9P2, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Cartier deployant clasp Dimensions 23mm Width X 33mm Length Signed Case, dial, movement and clasp signed Estimate HKD 78,000–160,000 USD 10,000–20,500

In 1996, Cartier re-discovered a 1936 design with the launch of the Tank Asymétrique in two limited editions: platinum and yellow gold. Closely based on the unusual design of the Parallélogramme, the watch is an ode to the core values of the company. Over the years, Cartier has constantly innovated by pushing the boundaries of design and form, particularly in the first part of the 20th century. The tilted architecture of this piece had the practical goal of increasing legibility while at the wheel. The strife for legibility is apparent also in the large, easily readable Arabic numerals. The 1996 Tank Asymétrique in yellow gold was produced as a numbered limited edition of 300 pieces, of which the present watch is number 34. Preserved in excellent, unpolished condition, it represents an elusive opportunity for those who seek unbridled design beauty. The desirability of model has not abated over the years, if anything it increased. Testament to that is the fact that Cartier launched a new interpretation of the Tank Asymétrique in its 2020 releases, which was immediately sold out. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

1036.

CARTIER — A rare and sought-after white gold wandering hours wristwatch with certificate

卡地亞，「Tank à Vis “Wandering Hours” CPCP」型號 2554，白金腕錶，備璣鏤錶盤、轉盤式讀時設計、日期顯示，約2000年代製。附錶盒、證書 Manufacturer

Cartier

Year

Circa 2000s

Reference No. 2554 Movement No. 58 Case No. 58 Model Name Tank à Vis “Wandering Hours” CPCP Material

18K white gold

Calibre Manual, cal. 9902MC, 24 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Cartier deployant clasp Dimensions 28mm width x 40mm length Signed Case, dial, movement and clasp signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Accompanied by blank Cartier certificate stamped Carson Watch Hong Kong, red leather folder, associated presentation box and outer packaging.

In the late 1990s, Cartier’s Privée Collection Paris introduced a modernized version of the Tank Étanche, known as the Tank à Vis, offering three complications: time-only, wandering hours, and dual time. This present lot is the wandering hours variation, certainly the most mechanically interesting out of the three, which features a creative time display method developed by the Campani brothers in the 1600s for the Pope’s clock. The mechanism displays time using rotating discs instead of traditional hands, which is both visually appealing and mechanically intriguing. The curved aperture at 12 o’clock shows the wandering hours disc, while the minutes are indicated by a blued central hand. Powered by the ultra-thin calibre 9902MC, it is beautifully decorated and visible through a display case back. Numbered 58 and encased in white gold, the timepiece features a dial that is engine-turned with a beautiful rosette flower motif, the symbol for watches from the limited Cartier Paris Collection Privée (CPCP) line, the present lot is preserved in excellent overall condition and is a superb quirky yet fun addition to your collection.

1037.

BREGUET — A historically important and rare yellow gold double-signed perpetual calendar wristwatch with moon phases, leap year indication and presentation box, retailed by Tiffany & Co.

寶璣，「Classique Perpetual Calendar」型號3050，重要及罕有，黃金自動萬年曆腕錶，備月相、閏年顯示，由蒂芙尼銷售，約1990年代製。附原裝錶盒 Manufacturer

Breguet

Year

Circa 1990s

Reference No. 3050 Movement No. 197 Case No. 2603 Model Name Classique Perpetual Calendar Material

18K yellow gold

Calibre Automatic, 35 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Breguet deployant clasp Dimensions 35mm diameter Signed

Case, dial, movement and clasp signed; dial further signed Tiffany & Co.

Estimate HKD 120,000–200,000 USD 15,400–25,600 Accessories Accompanied by Breguet fitted presentation box and outer packaging.

In 1973, at a time when mechanical watchmaking was in decline amid the quartz revolution, Daniel Roth undertook a bold and visionary endeavor at Breguet: the revival of the perpetual calendar. His efforts culminated in the creation of ref. 3050, introduced in the mid-1970s, marking a significant chapter in the renaissance of traditional horology. Inspired by a historic Breguet pocket watch that Roth had studied during his early training, the ref. 3050 masterfully translated classical proportions and mechanical poetry into a contemporary wristwatch format. The result was a timepiece that combined technical sophistication with unmistakable elegance. Each watch was individually numbered, with the discreet plaque subtly integrated into the subdial, a refined gesture that highlights its rarity and artisanal provenance. Due to the complexity of its construction and the expertise required, the ref. 3050 was produced in very limited numbers when it was succeeded by the ref. 3310, which introduced a power reserve indicator, yet departed from the minimalist purity of its predecessor, making each surviving example a rare witness to Roth’s horological vision. The present example numbered 2603 stands out with its “Tiffany & Co.” signature at 3 o’clock. Exceedingly rare, only a handful of examples are known to be sold by the prestigious retailer. Accompanied by its original presentation box, the watch is exceptionally well-preserved, with all hallmarks visible—it is a historically significant creation, capturing the spirit of a quiet revolution in modern watchmaking.

1038.

BREGUET — A fine and attractive limited edition yellow gold openface keyless pocket watch with chain, hammer-winding movement, date, power reserve indication and moon phases, numbered 9 of a limited edition of 300 pieces

寶璣，型號1890，黃金自動小三針懷錶，備撞陀上弦機芯、璣鏤錶盤、日曆、月相、動力儲存顯示，限量發行300枚，編號9號，約1991年製。附錶鏈 Manufacturer

Breguet

Year

Circa 1991

Reference No. 1890 Movement No. 9 Case No. 09 Material

18K yellow gold

Calibre

Hammer a utomatic, cal. 1890, 27 jewels

Dimensions 62mm diameter Signed Case, dial and movement signed Estimate HKD 160,000–240,000 USD 20,500–30,800 Accessories Accompanied by gold chain.

The present Breguet Souscription set launched in 1991, was set out to be produced in a limited series of 300 pieces only as a celebration of more than 200 years of the brand, the pair originally consists of a ref. 3430 perpetual calendar wristwatch with minute repeater, and a 62mm perpetuelle pocket watch that spanned across four metals: platinum, 18K pink, white and yellow gold like the present example. Known as ref. 1890, the present pocket watch is a modern interpretation of Breguet’s late 18th-century perpetuelle watches. Among the originals, the most celebrated is No. 5, sold in 1794 to a French nobleman and now frequently exhibited by the Breguet Museum. In the 1990s, Breguet remained a relatively modest enterprise under Investcorp’s ownership, producing fewer than 4,000 watches annually. Manufacture of the ref. 1890 was entrusted to Michel Parmigiani, one of the few watchmakers to have successfully restored a 19th-century Breguet Sympathique clock capable of winding and setting a paired pocket watch. Though often described as a replica, the ref. 1890 is more accurately a reinterpretation. While it shares the hammer-winding mechanism of the original perpetuelle, it omits the minute repeater complication and introduces modern refinements. The platinum delta-shaped rotor, mounted on sapphire rollers and connected to a serpentine steel arm, is both technically sophisticated and visually striking. The symmetrical sprung bumper and parachute shock absorbers on both pivots further elevate its mechanical elegance. With its impressive 62mm case diameter, the movement is displayed in full splendour, allowing every detail of its architecture and finishing to be admired. Numbered 9 of a limited edition of 300 pieces, the present 18K yellow gold example is offered in excellent condition and accompanied by a gold chain.

1039.

CARTIER — An elegant and attractive keyless open-faced minute repeating yellow gold pocket watch with cream-toned dial

卡地亞，精美，黃金三問懷錶，備米色錶盤，約1930 年製。 Manufacturer

Cartier

Year

Circa 1930

Case No. 8259 Material

Yellow gold

Calibre Manual, E.W. & C Co Inc calibre, 29 jewels Dimensions 49mm diameter Signed Dial signed; movement signed E.W. & C Co Inc Estimate HKD 160,000–310,000 USD 20,500–39,700

The European Watch and Clock Company (EWC) was established in the 1920s as a joint venture between Cartier and Edmund Jaeger of Jaeger-LeCoultre, a pioneer in innovative movement manufacturing. While Cartier continued to collaborate with other movement makers, many of its top-tier creations featured EWC movements, produced within the Jaeger-LeCoultre factory in Le Sentier, Switzerland. Few brands evoke the same level of glamour, design innovation, and aristocratic heritage as Cartier. Founded in Paris in 1847, the maison quickly set a benchmark for style and luxury, crafting exquisite jewellery for some of the world’s most prominent clients. Prior to its partnership with Edmund Jaeger, Cartier sourced movements from leading Geneva watchmakers such as Patek Philippe and Audemars Piguet. Although these collaborations continued for special commissions and retail pieces, the majority of Cartier’s high-end watches came to feature EWC movements. Manufactured to the highest standards within the Jaeger-LeCoultre facility, these movements earned a reputation for exceptional quality and precision. Today, Cartier watches from the 1930s to the 1950s fitted with EWC movements are highly sought after, regarded as among the most authentic and original examples. The present example, dating to circa 1930, is powered by an EWC manual movement. The minute repeater functions smoothly, with a clear and elegant chime. Remarkably wellpreserved for a watch over 95 years old, it features a mirrorpolished yellow gold case with only minor imperfections consistent with its age. Its minimalist design reflects Cartier’s Art Deco aesthetic of the period, making it an ideal acquisition for discerning Cartier collectors.

1040.

ROLEX — A well-preserved yellow gold twenty-dollar coin watch with Roman numerals, guarantee and presentation box

勞力士，「Cellini」型號3612，精細獨特，黃金金幣造形時計，備隱藏式錶盤，約2007年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2007

Reference No. 3612 Case No. D781’342 Model Name Cellini Material

18K yellow gold

Calibre Manual, cal. 651, 18 jewels Dimensions 34.5mm diameter Signed Dial and movement signed Estimate HKD 60,000–120,000 USD 7,700–15,400 Accessories Accompanied by Rolex guarantee stamped Dickson Trading Taiwan Co. LTD dated 6th April 2007, 2007-2008 calendar card, hang tag, product literature, fitted presentation box and outer packaging.

Despite being most recognised for their robust sports models, the Rolex catalogue is incredibly diverse, and even includes a small collection of coin watches that are very rare and not often seen on the market. The present ref. 3612 is encased in a yellow gold twenty US-dollar coin from 1897, and the example truly embodies the spirit of the Rolex Cellini line with no intricate detail left unattended. Dedicated to Benvenuto Cellini, a master goldsmith of the 16th century, the Cellini collection very much takes after his devotion to methods of engraving, casting metal and perfecting even the most minute details. To open the present coin watch, a button is concealed within the reeded edge of the coin and reveals the dial on demand with the stroke of a touch. The walls within the coin are also further adorned with hand-turned perlage finishes. Offered in very well-preserved condition and accompanied by all its accessories, this is rare collectible will be a fantastic addition for both watches and coins collectors.

1041.

F.P. JOURNE — An elusive and highly sought-after platinum 38mm dual-time wristwatch with double escapement, 24-hour disc, power reserve indication, certificate and presentation box

F.P. Journe，「Chronomètre à Résonance, “Parking Meter”」，十分罕有，鉑金38mm兩地時區腕錶，備共振雙擒縱裝置、雙平衡擺輪、動力儲備顯示，約2011年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2011

Case No. 033-RT Model Name Chronomètre à Résonance, “Parking Meter” Material

Platinum

Calibre Manual, cal. 1499.3, 36 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum F.P. Journe pin buckle Dimensions 38mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 950,000–1,600,000 USD 122,000–205,000 Accessories Accompanied by F.P. Journe certificate of authenticity stamped Montres Journe Hong Kong Limited dated 9 June 2011, fitted presentation box and outer packaging.

Among F.P. Journe’s many horological achievements, the Resonance stands as perhaps the most emblematic of the watchmaker’s ingenuity and vision. Inspired by 18th-century resonance clocks crafted by masters like Breguet and Antide Janvier, François-Paul Journe pursued the idea of a resonance wristwatch for years before bringing it to life. The principle behind resonance involves placing two balance wheels in close proximity so that their oscillations naturally synchronize. This phenomenon allows the minor deviations of one to be corrected by the other, resulting in exceptional chronometric precision. Achieving this delicate equilibrium between two independent movements within a single case is a feat that demands extraordinary skill and experience. The present example belongs to the “RT” series, which began production in 2010. Numbered 33, it is an early and particularly rare example in the original 38mm case size, as the majority of later models were produced in 40mm. What truly distinguishes this piece is its unique dial configuration: rather than the more commonly seen mirrored displays, it features the highly coveted “parking meter” 24-hour rotating disc on the left subdial. Encased in platinum, this dial layout is exclusive to this specific Resonance model, making it a standout within the series. Presented in excellent condition and complete with its certificate and box, this exceptional 38mm “RT” series Resonance represents a rare opportunity to acquire a cornerstone of independent watchmaking. With F.P. Journe’s growing prominence and the increasing scarcity of 38mm models, this piece is not only a technical marvel but also a compelling addition to any serious collection.

F.P. JOURNE

Chronomètre à Résonance, “Parking Meter”, 38mm

1042.

F.P. JOURNE — A very fine and attractive platinum wristwatch with small seconds, date, power reserve indication, warranty and presentation box

F.P. Journe，「Octa Réserve de Marche」，精細，鉑金自動腕錶，備日期、動力儲備顯示，約2008年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2008

Case No. 682-A Model Name Octa Réserve de Marche Material

Platinum

Calibre Automatic, cal. 1300.3, 37 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum and 18K white gold F.P. Journe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 450,000–800,000 USD 57,700–103,000 Accessories Accompanied by F.P. Journe guarantee stamped Montres Journe Hong Kong dated 19 May 2008, instruction manual, fitted presentation box and outer packaging.

When François-Paul Journe unveiled his first timepiece, the Tourbillon Souverain in 1999, he established a new benchmark for craftsmanship and precision chronometry. Since then, the Journe brand has become a global phenomenon, attracting passionate collectors who seek his limited-production timepieces for their classic designs and innovative mechanisms. Following his inaugural creation, Journe introduced the Chronomètre à Résonance and the Octa models, with the Octa Réserve de Marche being the brand’s first self-winding wristwatch. Produced from 2001 to 2014, early Octa Réserve de Marche models were equipped with the brass caliber 1300, transitioning to more luxurious 18K pink gold movements in 2004. The early models featured a 38mm diameter case, while a larger 40mm diameter version was launched in 2003. The Octa Réserve de Marche showcases Journe’s signature elements that collectors have come to cherish, including an offset time indication on the right, a power reserve indicator and a large date display. This particular example from 2008 features a white gold dial paired with a matching 40mm platinum case. The movement is equipped with the third-generation caliber 1300.3 in 18K pink gold, alongside a 22K pink gold rotor. Offered in excellent overall condition and complete with its original guarantee and presentation box, this classic and elegant specimen is a fantastic addition to any Journe collection.

F.P. JOURNE

Octa Réserve de Marche

1043.

LAURENT FERRIER — A limited edition stainless steel wristwatch with white grand feu enamel dial, Breguet numerals, small seconds, double direct-impulse escapement, warranty and presentation box, numbered 1 of a limited edition of 3 pieces made to commemorate the 110th anniversary of Japanese retailer Kamine

Laurent Ferrier，「Galet Micro-Rotor」型號 LCF010. AC.E07G.1，精細優雅，限量版精鋼自動腕錶，備白色大明火琺瑯錶盤、寶璣數字時標、小三針、Doubledirect Impulse擒縱系統，特為紀念日本錶商Kamine 一百一十週年限量發行3枚，編號第1枚，約2016年製。附原裝證書、錶盒 Manufacturer

Laurent Ferrier

Year

Circa 2016

Reference No. LCF010.AC.E07G.1 Movement No. 316 Case No. 1/3 Model Name Galet Micro-Rotor Material

Stainless steel

Calibre Automatic, cal. FBN 229.01, 35 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Laurent Ferrier pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 160,000–240,000 USD 20,500–30,800 Accessories Accompanied by Laurent Ferrier warranty stamped Kamine Torroad Store, Kobe dated 1 April 2016, Kamine certificate and maintenance card, instruction manuals, cloth, fitted presentation box and outer packaging.

The present Galet Micro-Rotor is a rare and refined creation, produced in a strictly limited edition of just three pieces to mark the 110th anniversary of the esteemed Japanese retailer Kamine. Crafted in stainless steel, the case retains Laurent Ferrier’s signature design elements, including elegant curves, a stepped bezel, and an onion-shaped crown. At its center lies a pristine white grand feu enamel dial, adorned with applied white gold Breguet numerals and complemented by delicate Breguet-style hands in matching white gold. The present example is offered in excellent overall condition and numbered 1 of the limited edition of three. It is accompanied by its original accessories, including a warranty stamped by Kamine’s Torroad Store. Founded in 1906 and located in Kobe’s historic Motomachi district near the Kyu-kyoryuchi, or “Former Foreign Settlement,” Kamine has long been a trusted name in fine jewellery and horology. With over a century of expertise, the retailer has served generations of Japanese collectors and connoisseurs. This timepiece not only represents the artistry and elegance of Laurent Ferrier but also commemorates a milestone in Japanese watch retail history, making it a truly special piece for discerning collectors.

LAURENT FERRIER Kamine Edition, N°1

1044.

ROGER DUBUIS — An attractive white gold observatory wristwatch with enamel dial, small seconds, certificate and presentation box

羅杰杜彼，精美，「Hommage Condottieri」型號H40 27 0，白金天文台小三針腕錶，備琺瑯錶盤，1997年製。附原裝證書、錶盒 Manufacturer

Roger Dubuis

Year

1997

Reference No. H40 27 0 Movement No. 19 Case No. 195’619 Model Name Hommage Condottieri Material

18K white gold

Calibre Manual, cal. RD 27, 17 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Roger Dubuis pin buckle Dimensions 40mm Signed Case, dial, movement and buckle signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Roger Dubuis Certificate of Origin stamped Shellman, Tokyo confirming the production of the present timepiece on 17 December 1997 and its subsequent sale on 28 January 1998, Observatoire National de Besançon Bulletin de Marche dated 16 June 1997, Geneva Seal certificate, leather pouch, key, 2 hang tags, fitted presentation box and outer packaging.

The Roger Dubuis Hommage Condottieri, introduced in the mid-1990s, stands as a defining statement of the watchmaker’s philosophy and craftsmanship. Created shortly after Dubuis launched his own brand, following four decades of experience at Longines and Patek Philippe, the Condottieri reflects a return to traditional Genevan watchmaking values. It features a snowwhite fired enamel dial with painted Roman numerals and blued leaf hands, all housed in a substantial 18K white gold 40mm case. At its heart is the calibre RD27, a reworked vintage Tavannes pocket watch movement. Dubuis meticulously modified these new-old-stock calibres to meet the standards of the Geneva Seal, adding refined finishing touches such as Geneva stripes, anglage, polished screws, and a Breguet overcoil. Each watch was also regulated by Dubuis himself to meet the stringent requirements of the Observatoire National de Besançon, with certification papers presented on oversized parchment, underscoring the watch’s precision and pedigree. This early example is presented in excellent condition and is accompanied by its original accessories.

1045.

PAUL GERBER — A rare and elegant white gold wristwatch with retrograde seconds, guarantee and presentation box

Paul Gerber，「Retrograd」型號152，精美罕有，白金腕錶，備逆跳秒針，約2013年製。附原裝證書、錶盒 Manufacturer

Paul Gerber

Year

Circa 2013

Reference No. 152 Movement No. 90’281 Case No. 45 Model Name Retrograd Material

18K white gold

Calibre Manual, cal. 15, 17 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Paul Gerber pin buckle Dimensions 35mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 64,000–95,000 USD 8,200–12,200 Accessories Accompanied by Paul Gerber guarantee card stamped Tenmaya Fukuyama Japan, dated 29 January 2013, certificate, cloth, fitted presentation box and outer packaging.

In the rarified world of independent watchmaking, names like Philippe Dufour, F.P. Journe, and Kari Voutilainen frequently dominate conversations. But within these hallowed circles of artisanal horology, there’s another name that resonates with quiet brilliance – Paul Gerber. An unsung hero of the craft, Gerber’s intricate and groundbreaking timepieces have garnered accolades from collectors and earned him a place in the Guinness World Records for creating one of the most complicated wristwatches ever made. In the mid‑1990s, Gerber launched his first wristwatch under his own name: the Retrograd ref. 150, powered by the cal. 15, a modified ETA/Peseux 7001 with a retrograde seconds display. Introduced in 1996 and shown in Basel the following year, it became his signature complication. The early references – ref. 150 in gold and ref. 151 in sterling silver – featured solid casebacks. Responding to collector demand for exhibition backs, Gerber unveiled the ref. 152 in 18K gold with a larger 35 mm case, such as the present example in white gold. The dial captivates with its refined leaf hands and Arabic numerals that fan out elegantly. From record‑breaking clocks to the world’s most complicated wristwatch, and from his pioneering retrograde seconds to his ingenious twin‑rotor automatic, Paul Gerber’s career reflects a singular path of independent creativity, technical mastery, and quiet originality. The present Retrograd with its full set of accessories is a rare find in the auction market.

1046.

PATEK PHILIPPE — A fine and attractive square-shaped gilt brass solar clock with black dial and presentation box, retailed by Guillermin & Mollet

百達翡麗，型號928，精細，銅鍍金太陽能座鐘，備黑色漆面盤，由Guillermin & Mollet銷售，約1967年製。附原裝鐘盒 Manufacturer

Patek Philippe

Year

Circa 1967

Reference No. 928 Movement No. 874’068 Case No. 1’652 Material

Gilt Brass

Calibre Photo-electric cell, cal. 17’”250, 29 jewels Dimensions 140mm width x 140mm height x 90mm length Signed Dial and movement signed; Case further engraved with a signature and 15 September 1967 Estimate HKD 60,000–120,000 USD 7,700–15,400 Accessories Accompanied by Patek Philippe fitted presentation box.

In 1948, Patek Philippe inaugurated its Electronic Division, with the goal of innovating photoelectric and electronic timekeeping technology. In 1955, the firm showcased a solar-powered photoelectric clock at the World Symposium. The present table clock from circa 1967 with an elegant taste of Art Deco appeal features a large solar panel on the top of the gilt brass case. A battery system is also provided for back up, further illustrating how intelligent and ahead of its time this clock was. The dial of the clock is fitted with an attractive rich black dial. According to scholarship, a total of 31 examples were dispatched in 9 variants. A first of its kind to appear at Phillips in such configuration, this rare solar clock is offered by the family of the original owner and accompanied by the original Patek Philippe red box. It was sold in the late 1960s by the well-known Patek Philippe distributor, Guillermin & Mollet, in Paris. The present desk clock would be a great addition to enhance any interior of an office or a living room. PROPERTY OF THE FAMILY OF THE ORIGINAL OWNER

原物主家族收藏

PATEK PHILIPPE

Ref. 928

1047.

PATEK PHILIPPE — An exquisite, supremely attractive and well-preserved yellow gold wristwatch with onyx dial and onyx-set crown

百達翡麗，「Golden Ellipse」型號3730，極度精美黃金腕錶，備縞瑪瑙錶盤、鑲縞瑪瑙錶冠，1976年製。附後補證書 Manufacturer

Patek Philippe

Year

1976

Reference No. 3730 Movement No. 1’324’215 Case No. 2’764’134 Model Name Golden Ellipse Material

18K yellow gold

Calibre Manual, cal. 215, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 31mm width x 38mm length Signed Case, dial, movement and buckle signed Estimate HKD 100,000–200,000 USD 12,800–25,600 Accessories Delivered with Patek Philippe Extract from the Archives confirming production of the present watch in 1976 with onyx dial, and its subsequent sale on 29 July 1977.

Reference 3730 is one of those watches that best incarnates the ethos of the Ellipse in the 1970s. In production for about one and a half decades (1976-1990), thanks to its large 38x31mm size and lug-less design it allows the beholder to admire the perfectly proportioned case in all of its unabashed geometrical beauty. On top of that, it appears that the model was predominately executed with onyx dials, truly incorporating the experimentalism that is typical of the 1970s. Compounding to its mystique, the model appears to be incredibly rare: so far less than 10 pieces were identified, while the present example is fresh-to-the-market. In this specimen, the wonderfully preserved onyx dial creates a pitch black pool of perfect glossiness which markedly contrasts with the warm gold case for a superb aesthetic effect. The fact that the case is in condition nearly as perfect as the dial – with crisp hallmarks to the back, indicating a possibly unpolished watch – is the final touch for this remarkable timepiece.

1048.

PATEK PHILIPPE — A lavish, fresh-to-the-market and attractive yellow gold rectangular wristwatch with pavé diamond-set bezel and onyx dial, one of only three known

百達翡麗，型號4339J，精美，黃金腕錶，備鑲滿鑽錶圈、縞瑪瑙錶盤，1986年製。附後補證書 — 已知現存三枚的其中一枚 Manufacturer

Patek Philippe

Year

1986

Reference No. 4339J Movement No. 1’412’283 Case No. 2’765’378 Material

18K yellow gold and diamonds

Calibre Manual, cal. 16-250, 18 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 32mm width x 35mm length Signed Case, dial, movement and buckle signed Estimate HKD 64,000–128,000 USD 8,200–16,400 Accessories Accompanied by slipcase, product literature and Patek Philippe Japan service invoice dated 11 March 2025. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1986 and its subsequent sale date on 16 May 1988.

The 1970s was a period when watch designers and jewellers worked closely together, blending horological innovation with bold artistic expression. As the disco era encouraged selfexpression on the dance floor, watch design followed suit with a spirit of creativity and freedom. There were no rules—anything was possible—and both men and women embraced solid gold watches, often lavishly adorned with gemstones or intricate engraving. This was the age of sculptural forms and integrated bracelets. A classic example is reference 3729G, where the ‘Tubagaz’ bracelet seamlessly complements the stepped bezel of the Ellipse-inspired case. The minimalist black onyx dial, devoid of hour markers, perfectly captures the aesthetic of the decade. Movements were typically simple, as complications tended to disrupt the clean lines and sculptural elegance that defined the era. It was the design and decoration that truly mattered. Introduced in 1976, reference 4339J is another striking example that captures the bold spirit of the maison during this expressive era. It is a rare and distinctive model produced briefly between the mid-1970s and mid-1980s. Its Art Decoinspired design features a pavé diamond-set bezel and 18K yellow gold ornaments on the case. The present example is adorned with 152 diamonds, totalling approximately 2.06 carats. Exceptionally rare, only two examples have been documented in the market to date, making this the third known piece. Offered in excellent overall condition and accompanied by an Extract from the Archives, this fresh-to-market timepiece is a striking and elegant choice for those seeking to stand out on any occasion.

1049.

PATEK PHILIPPE — A rare and attractive limited edition white gold wristwatch with officer-style case, Breguet numerals, date and center seconds, Certificate of Origin and presentation box, one of a limited edition of 80 pieces made for The Patek Philippe Watch Art Grand Exhibition London 2015

百達翡麗，型號 5153G-012，精細罕有，限量版白金腕錶，備將官式底蓋、寶璣數字時標、日期顯示、中心秒針，特為2015年倫敦百達翡麗鐘錶藝術展限量發行80枚，約2015年製。附原裝證書、錶盒 Manufacturer

Patek Philippe

Year

Circa 2015

Reference No. 5153G-012 Movement No. 5‘879‘672 Case No. 6‘034‘478 Material

18K white gold

Calibre Automatic, cal. 324SC, 29 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 38mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Wempe London U.K., dated 23 June 2015, instruction manual, product literature, leather folio, hang tag, slip case, fitted presentation box and outer packaging.

Released in a limited edition of just 80 examples to commemorate the Patek Philippe Watch Art Grand Exhibition London 2015, the ref. 5153G-012 is a quintessential dress watch infused with vintage charm. Its elegant silvered dial is adorned with applied blackened Breguet numerals, matching Breguet hands, a railway minute track, central seconds, and a discreet date aperture at 3 o’clock, all combining in a display of balanced refinement. The watch is housed in a 38mm officer‑style case in white gold, a design that perpetuates the timeless spirit of the Calatrava. Details such as the straight lugs, screwed strap bars, onion‑shaped crown, and hinged back emphasize its classical aesthetic, while the latter is engraved with “PATEK PHILIPPE LONDON 2015” in commemoration of the occasion. Lifting the hinged back reveals a sapphire display window, offering a view of the finely finished automatic cal. 324 SC, proudly stamped with the Patek Philippe seal. Preserved in excellent condition from the original owner with its factory caseback sticker still intact, and complete with its full set of accessories, the present example is a perfect addition to the collection of a lucky watch connoisseur. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

1050.

PATEK PHILIPPE — A very fine and attractive platinum perpetual calendar wristwatch with center seconds, moon phases, retrograde date, leap year indication, applied Roman numerals, additional solid caseback, setting pin, Certificate of Origin and presentation box

百達翡麗，型號5050，十分精細，鉑金自動萬年曆腕錶，備中心秒針、羅馬數字時標、逆跳日期、閏年、月相顯示，1995年製。附原裝證書、錶盒、備用底蓋、調整筆、後補證書 Manufacturer

Patek Philippe

Year

1995

Reference No. 5050 Movement No. 1’957’563 Case No. 2’980’955 Material

Platinum

Calibre Automatic, cal. 315S, 31 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 35mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Patek Philippe Certificate of Origin stamped King’s Sign Watch Co. Ltd. Taiwan, instruction manual, product literature, leather folio, additional solid caseback, setting pin, fitted winding presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepiece in 1995 and its subsequent date of sale on 27 September 1996.

Unveiled at Baselworld in 1993, the ref. 5050 marked an important milestone for Patek Philippe as the brand’s first serially produced perpetual calendar wristwatch with both moon phases and a retrograde date display. Available across all four metals, all cases were crafted by Favre‑Perret and carry the key number 115. Platinum examples are exceptionally scarce, with research suggesting only about 150 pieces were produced across three series during its nine‑year production. The first series featured slim printed Roman numerals; the second, introduced in 1995, adopted applied baton indexes and the “Automatic” inscription; while the third (such as the present watch) bears applied Roman numerals and omits the “Automatic” signature. Notably, only a handful of platinum examples of the ref. 5050 with this exact dial configuration have been identified to date. The present watch, offered in excellent overall condition, is accompanied by its full set of accessories and a Patek Philippe Extract from the Archives confirming its 1995 year of manufacture. With its rarity, refinement, and understated elegance, it stands as one of the most desirable and understated iterations of this historically significant reference.

1051.

PATEK PHILIPPE — An unworn and attractive platinum perpetual calendar split-seconds chronograph wristwatch with moon phases, leap year, day and night indication, setting pin, additional solid caseback, Certificate of Origin and presentation box, Single-factory-sealed

百達翡麗，型號5204P-011，非常精細，鉑金追針計時萬年曆腕錶，備月相、閏年、日夜顯示，約2016年製。附錶盒、原裝證書、備用底蓋、調整筆－原廠單封新品 Manufacturer

Patek Philippe

Year

Circa 2016

Reference No. 5204P-011 Movement No. 5’252’720 Case No. 6’110’815 Material

Platinum

Calibre Manual, cal. CHR29-535 PS Q, 34 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,150,000–2,100,000 USD 147,000–269,000 Accessories Accompanied by Patek Philippe Certificate of Origin Stamped Duran Madrid dated 3rd October 2016, leather portfolio, photograph, setting pin, instruction manual, additional solid caseback, fitted presentation box and outer packaging.

Launched in 2012, the ref. 5204 replaced the ref. 5004 being the first perpetual calendar chronograph wristwatch to feature the manufacturer’s first in-house cal. CHR 29-535 PS Q, replacing its former Lemania based cal. CHR 27-70Q. Marking a new era for Patek Philippe perpetual calendar chronographs, the ref. 5204 featured certain upgrades such as an enlarged 40mm diameter case, baton numerals replacing its former applied gold Arabic numerals featured on the ref. 5004, a slight tweak in the layout of the dial with a noticeable “upside down” moonphase resembling a “smile”. The reference was released first in platinum with an opaline silver dial and two years later, the black dial was launched and the pink gold variants came later. Fresh-to-the-market and offered by the original owner, the present example Patek Philippe ref. 5204P fitted with a black dial and is offered in single-sealed condition and accompanied by the full set of accessories. Being the first reference to feature Patek Philippe’s first in-house caliber, the 5204 is with no doubt a milestone piece of perhaps the most important line of complicated timepieces by the firm. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5204P-011, Single-factory-sealed

1052.

ROLEX — A fine and attractive stainless steel diver’s wristwatch with center seconds, date, gas escape valve, titanium caseback, bracelet, guarantee and presentation box

勞力士，「Deepsea Sea-Dweller」型號116660，精鋼自動鏈帶腕錶，備中心秒針、日期、排氦裝置，約2009年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 2009

Reference No. 116660 Case No. V225’042 Model Name Deepsea Sea-Dweller Material

Stainless steel

Calibre Automatic, cal. 3135, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 205mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp Dimensions 44mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 55,000–110,000 USD 7,100–14,100 Accessories Accompanied by Rolex guarantee stamped Bucherer Switzerland and dated 29th January 2009, instruction manual, product literature, green leather holder, hang tag, fitted presentation box and outer packaging.

Introduced in 2008, the Rolex Deepsea Sea-Dweller reference 116660 takes the diver’s wristwatch to a whole new level. Encased in an oversized 44mm diameter Oyster case, the watch is equipped with a 5mm thick sapphire crystal with titanium alloy case back to ensure more rigidity, and the patented “Ring Lock System” and a helium escape valve for reducing stress on the case. The watch achieves an astonishing depth rating of 12,800 feet (3900 meters), once again cementing Rolex’s status as the most eminent creator of tool watches. The model was phased out in 2018, the present example from circa 2009 is offered from the original owner in excellent condition and complete with its original set of accessories. This is a fantastic opportunity for Deepsea lovers to acquire a discontinued model to complete their collection.

1053.

ROLEX — A fine and attractive stainless steel chronograph wristwatch with “Mark V” dial, bracelet, guarantee and presentation box

勞力士，「Cosmograph Daytona」型號16520，精鋼自動計時鏈帶腕錶，備“Mark V” 錶盤，約1995年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 1995

Reference No. 16520 Movement No. 113’352 Case No. W623’277, inside caseback stamped “16500” Model Name Cosmograph Daytona Material

Stainless steel

Calibre Automatic, cal. 4030, 31 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet stamped “78390”, endlink stamped “503 B”, max length 190mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “W6” and “78390” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Rolex undated guarantee stamped Rolex Centre Ltd., Taiwan Branch, instruction manual, product literature, 1996 and 1997 calendar card, 2 hang tags, green cardholder, fitted presentation box and outer packaging.

Marking a milestone for the Daytona, Rolex released the ref. 16520 in 1988 being the manufacture’s first-ever Daytona model to feature a self-winding movement and a larger case with crown guards. A significant breakthrough for Rolex, it is powered by the cal. 4030 with a Zenith El-Primero base. First launched in stainless steel with two dial options including black and white, gold models were also introduced with various dial designs and materials. The reference was discontinued in 2000, making way for the ref. 116520 featuring the firm’s firstever in-house self-winding chronograph cal. 4130. The present “W” series example features a “Mark V” dial: a 5-line dial, with a regular 6, baton-style writing and increased spacing between “OYSTER” and “PERPETUAL”. Its registers have aged to a beautiful creamy colour. As indicated inside the caseback, the present timepiece is previously serviced in Hong Kong. Accompanied by its original guarantee and full set of accessories, the present example is offered in very good overall condition.

1054.

PATEK PHILIPPE — A very fine, highly rare and fresh-to-the-market yellow gold perpetual calendar chronograph wristwatch with English calendar, moon phases, leap year and 24-hour indication

百達翡麗，型號3970E「Second Series」，黃金計時萬年曆腕錶，備英文日曆、月相、閏年、24小時顯示， 1989年製。附後補證書 Manufacturer

Patek Philippe

Year

1989

Reference No. 3970E, Second Series Movement No. 875’401 Case No. 2’856’538 Material

18K yellow gold

Calibre Manual, cal. CH27-70Q, 24 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 480,000–960,000 USD 61,500–123,000 Accessories Accompanied by Patek Philippe instruction manual, product literature and leather folio. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1989 and its subsequent sale date on 4 September 1989.

The reference was produced in yellow gold, pink gold, white gold and platinum across a total of four series with production spanning over 19 years. It is estimated that throughout its course of production, over 4,000 examples of the reference were produced. The 2nd series produced between 1987–1990, showing some overlap with the first series. It features a solid screw back caseback “E – Etanche”, feuille hands and baton indexes. Produced in all four case materials with an estimated 650 examples produced across all metals, with 150-200 of those being reference ref. 3971. The present second-series example in yellow gold features a sapphire screw-down case back, designating it as ref. 3970E, with “E” standing for étanche, the French term for waterproof. Notably, it bears prominent and crisp “big hallmarks”, including the “750” gold purity mark and Atelier Réunis casemaker’s key number 28, stamped clearly on the outside of the lug. The “big hallmarks” is particularly significant, as it only began appearing midway through the second series production. The condition of the present timepiece is very well-preserved, displaying a thin layer of attractive patina on the caseband and bezel.

PATEK PHILIPPE

Ref. 3970E, Second Series

1055.

PATEK PHILIPPE — A well-preserved, highly collectible and fresh-to-the-market platinum perpetual calendar chronograph wristwatch with German calendar, semi-glossy black dial dial with diamond-set indexes, moon phases, 24-hour, leap year indication, setting pin and presentation box

百達翡麗，優雅，型號3970E「Third Series」，鉑金萬年曆計時腕錶，備德文日曆、黑色亮面錶盤、閏年、 24小時、月相顯示、鑲鑽時標，1993年製。附錶盒、調整筆、後補證書 Manufacturer

Patek Philippe

Year

1993

Reference No.

3970E, Third Series

Movement No. 876’379 Case No. 2’928’239 Material

Platinum

Calibre Manual, cal. CH27-70 Q, 24 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 640,000–1,280,000 USD 82,100–164,000 Accessories Accompanied by Patek Philippe instruction manual, product literature, setting pin, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 1993 and its subsequent sale date on 12 March 1993.

Patek Philippe’s reference 3970 marked the third generation of the brand’s iconic serialised perpetual calendar chronograph, following the legendary ref. 1518 and 2499. Introduced in 1986, it retained the classic design language of its predecessors, including pump-style pushers and downturned stepped lugs, though the case diameter was slightly reduced from 37.5mm to 36mm. Technically, the watch was significantly upgraded with the CH 27-70 Q movement, based on the Lemania 2310 and heavily modified by Patek Philippe, replacing the earlier Valjoux calibre. The dial was also enhanced to include leap year and 24hour indicators, improving its functionality. The present third-series example from 1993 stands out with a semi-glossy black dial featuring chaton-set diamond hour markers and a German calendar, offering a luxurious twist on the classic design. Unlike the more common silvered opaline dials, this configuration adds visual depth and elegance. The hallmarks are stamped on the lugs, a detail highly prized by collectors of reference 3970. Offered in well-preserved condition, this freshto-the-market timepiece is an ideal acquisition for those who appreciate Patek Philippe’s horological excellence with a touch of opulence.

PATEK PHILIPPE

Ref. 3970E, Third Series

1056.

PATEK PHILIPPE — A very fine and rare limited edition pink gold tonneau-shaped jumping hours wristwatch with Certificate of Origin and Attestation, one of a limited edition of 450 pieces made for the 150th anniversary of Patek Philippe

百達翡麗，型號3969R，精細罕有，限量版玫瑰金酒桶形跳時腕錶，特為百達翡麗150週年紀念限量發行 450枚，1989年製。附原裝證書、後補證書 Manufacturer

Patek Philippe

Year

1989

Reference No. 3969R Movement No. 752’623 Case No. 2’864’486 Material

18K pink gold

Calibre Manual, cal. 215 HG, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 38mm length x 28mm width Signed Case, dial, movement and buckle signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Gübelin S.A. dated 1st July 1989, Attestation and Geneva seal certificate. Further delivered with Patek Philippe Extract from the Archives confirming the manufacture date of the present timepiece in 1989 and its subsequent sale date on 23rd June 1989.

The year 1989 was monumental for Patek Philippe, marking the manufacturer’s 150th anniversary and reflecting its commitment to heritage and continuity. One notable anniversary limited edition timepiece is the reference 3969, which pays sincere homage to the tonneau designs of the late 1920s. This model also represents the Stern family’s first interpretation of the jump hour complication since acquiring the company in 1932. The movement is a manual-wind caliber 215 HG, with “HG” denoting the jump hour feature. With only 450 examples produced in 18K pink gold and 50 in platinum, the reference 3969 provides collectors with access to a rare style within Patek Philippe’s catalog. The jumping hours complication has gained increasing appreciation among collectors for its distinctive look, often sparking conversations among friends and fellow enthusiasts. Featuring a monobloc case construction, this particular example is very well-preserved and comes with its Certificate of Origin retailed by Gübelin S.A., along with an attestation and Geneva seal certificate. The caseback displays crisp engraving, which reads “Patek Philippe Genève - 150th Anniversaire - 1839 - 1989”, alongside the movement number. Notably, the tooling used to manufacture this reference has been discarded, ensuring that Patek Philippe will never replicate this design again.

1057.

PATEK PHILIPPE — A fine and rare limited edition yellow gold wristwatch with small seconds, Breguet numeral and officer-style hinged caseback, one of a limited edition of 2,000 pieces made to commemorate the 150th Anniversary of Patek Philippe

百達翡麗，型號3960，精細罕有，限量版黃金小三針腕錶，備寶璣數字時標、將官式底蓋，特為百達翡麗 150週年限量發行2000枚，約1989年製 Manufacturer

Patek Philippe

Year

Circa 1989

Reference No. 3960 Movement No. 768’013 Case No. 2’862’925 Material

18K yellow gold

Calibre Manual, cal. 215 PS, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed

Estimate HKD 65,000–130,000 USD 8,300–16,700

Released as a limited edition series, the Patek Philippe ref. 3960 stands as a remarkable tribute to the firm’s legacy, launched alongside the legendary Caliber 89 to celebrate its 150th Anniversary. This exceptional timepiece was made available in various metals, with 2,000 examples in yellow gold, 150 in white gold, and a mere 50 in platinum, solidifying the ref. 3960 as the most coveted model within this commemorative series. Encased in a stunning 33mm officer-style case, the white lacquer dial, elegantly adorned with Breguet numerals, embodies a perfect harmony with the sentimentally engraved hinged caseback, which bears the firm’s significant commemoration dates. The present example of the Patek Philippe ref. 3960 in yellow gold is offered in excellent overall condition, showcasing crisp hallmarks that attest to its quality. This exquisite piece is destined to be celebrated as one of the most elegant commemorative timepieces ever crafted by Patek Philippe.

1058.

PATEK PHILIPPE — A fine and attractive pink gold chronograph wristwatch with tachymeter scale

百達翡麗，型號130，精細罕有，玫瑰金計時腕錶， 1945年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1945

Reference No. 130 Movement No. 863’610 Case No. 640’768 Material

18K pink gold

Calibre Manual, cal. 13’’’ CH, 23 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 33mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1984 confirming its production, Chronometrie Beyer invoice. Delivered with Patek Philippe Extract from the Archives from confirming the date of manufacture of the present timepiece in 1945 and its subsequent date of sale 25th May 1946.

Patek Philippe’s reference 130 stands as one of the most versatile chronograph models ever created by the esteemed brand. Produced from 1936 to 1964, this model is primarily encased in yellow gold, with fewer examples crafted in pink gold, stainless steel, and the exceptionally rare steel and gold configuration. The dials varied throughout its production, showcasing a range of designs including tachymeter, sector, and pulsations scales. This reference masterfully define the sporty elegance of a chronograph, achieving a balance between classic understatement and exquisite craftsmanship. It was a favored choice upon its release and continues to captivate nearly a century later. By the 1930s, the increasing demand from discerning clients prompted Patek Philippe to introduce the caliber 13-130, utilizing the Valjoux chronograph caliber 13’’. The present model, encased in pink gold, dates to 1945, as confirmed by the Patek Philippe Extract from the Archives. It is presented in excellent condition, featuring strong hallmarks on the caseband and behind the lugs. A confirmation letter indicates that it was sold on 25th of May, 1946 at Freccero & Co. Patek Philippe’s vintage chronograph wristwatches are highly coveted by collectors, and the reference 130 is particularly desirable for its understated elegance and exceptional movement quality.

PATEK PHILIPPE

Ref. 130

1059.

PATEK PHILIPPE — A fine yellow gold chronograph wristwatch with spider lugs and tachymeter scale

百達翡麗，「Anse a Ragno」型號1579，罕有，黃金計時腕錶，備「Spider lugs」錶耳，1952年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1952

Reference No. 1579 Movement No. 868’476 Case No.

679’670

Model Name “Anse a Ragno” Material

18K yellow gold

Calibre Manual, cal. 13’’’CH, 23 jewels Bracelet/Strap Leather Clasp/Buckle Plated gold pin buckle Dimensions 36mm diameter Signed Case, dial and movement signed Estimate HKD 160,000–320,000 USD 20,500–41,000 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1988 confirming its production. Delivered with Patek Philippe Extract from the Archives dated 1990 and 2025 confirming the date of manufacture of the present timepiece in 1952 and its subsequent date of sale 16th February1954.

The Patek Philippe reference 1579 is truly a marvel, and its defining feature are the striking angled lugs. Each lug showcases six exquisite facets. This bold and whimsical design marks a departure from Patek Philippe’s typical Calatrava-inspired chronographs, blending strength and grace in a way that’s nothing short of captivating. Affectionately dubbed “Spider Lugs” (originally “Anse a Ragno” in Italian), this nickname has been embraced since the 1980s, making it one of the earliest watch nicknames and a testament to its unique charm. The angularity of the case is beautifully echoed on the dial with faceted pyramid markers—a signature feature since the early 1950s of the 2nd series. Unlike the baton markers of the 1940s, these distinctive markers are rarely seen on other Patek Philippe pieces, adding to the allure. Produced from 1943 to the mid-60s, the 1579 comes in yellow gold, pink gold, steel, and platinum, all crafted by Wenger—Key 1, the premier casemaker in Geneva. With an estimated production of fewer than 500 pieces, this model is more exclusive than many of today’s limited edition offerings, making it one of the most sought-after and collectible watches in the Patek Philippe lineup. Powered by the valjoux ébauche 13-130 calibre, the movement is further stamped with the Geneva seal. The combination of its eclectic design and generous case size truly makes the ref. 1579 a standout piece that any enthusiast would cherish.

PATEK PHILIPPE

Ref. 1579, “Anse a Ragno”

1060.

PATEK PHILIPPE — A fine and attractive rectangular pink gold wristwatch with fancy lugs, ivory dial and small seconds

百達翡麗，型號1480，玫瑰金長方形小三針腕錶，備象牙白錶盤，1947年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1947

Reference No. 1480 Movement No. 970’011 Case No. 510’769 Material

18K pink gold

Calibre Manual, cal. 9’’’90, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 24mm width x 40mm length Signed Case, dial, movement and buckle signed Estimate HKD 48,000–96,000 USD 6,200–12,300 Accessories Accompanied by photograph and confirmation letter from Patek Philippe Salon Geneve from 1989 confirming its production. Delivered with Patek Philippe Extract from the Archives from 1990 and 2025 confirming the date of manufacture of the present timepiece in 1947 and its subsequent date of sale 13 August 1948.

Ref. 1480 was launched in 1940 and produced until at least 1949 in 18K yellow or pink gold like the present example. It carries a typical post-art deco modern design with its overhanging edges and lugs. Some collectors called in “twin lugs” because of its prominent twin shape lugs. It bears the tonneau-shaped calibre 9’’’90 around which Patek made most of the shape wristwatches of that time and until the 1960’s. Like its peers, the case of the present example was made by George Croisier, a Geneva master casemaker, which can be identified by the key number 5 engraved on the caseback. He was one of the first important production case makers who made three out of four known steel ref. 1518. The present example features an ivory dial with a “shorter” signature and a doomed crystal. The applied pink gold Arabic numerals and dots for hour markers and hands are consistent with the case. Delivered along with its Extract form the Archive, the present example is offered in excellent overall condition.

1061.

PATEK PHILIPPE — A fine rectangular-arched-shaped pink gold wristwatch with small seconds

百達翡麗, 型號 1588，優雅，玫瑰金小三針長方弧形腕錶，1947年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1947

Reference No. 1588 Movement No. 839’930 Case No. 646’222 Material

18K pink gold

Calibre Manual, cal. 9’’’90, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 38mm length x 23 mm width Signed Case, dial, movement and buckle signed Estimate HKD 48,000–96,000 USD 6,200–12,300 Accessories Accompanied by correspondence letter from Patek Philippe Salon Geneve in 1983 confirming its production and service invoice. Delivered with Patek Philippe Extract from the Archives from confirming date of manufacture of the present timepiece in 1947 and its subsequent date of sale 22nd April 1948.

The Patek Philippe Ref. 1588 is a stunning find from 1947, showcasing a distinctive rectangular case crafted from 18K pink gold. With its Art Deco flair, this timepiece perfectly encapsulates the timeless elegance and exceptional craftsmanship that Patek Philippe is known for. The dial boasts a minimalist yet sophisticated aesthetic, featuring gold applied hour markers and sleek dauphine hands for outstanding legibility. Powered by a manual-winding movement, it exemplifies Patek Philippe’s commitment to precision and reliability. The gently curved lugs and balanced proportions ensure that it sits comfortably and elegantly on the wrist.

1062.

PATEK PHILIPPE — A fine and attractive pink gold square-shaped wristwatch with small seconds and teardrop lugs

百達翡麗，型號 2513，精細優雅，玫瑰金方形小三針腕錶，備「teardrop」錶耳，1957年製。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

1957

Reference No. 2513 Movement No. 746’771 Case No. 695’041 Material

18K pink gold

Calibre Manual, cal. 10’’’ 200, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K pink gold Patek Philippe pin buckle Dimensions 27mm width x 27mm height Signed Case, dial, movement and buckle signed Estimate HKD 24,000–48,000 USD 3,100–6,200 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve from 1987 confirming its production. Delivered with Patek Philippe Extract from the Archives dated 1990 and 2025 confirming the date of manufacture of the present timepiece in 1957 and its subsequent date of sale 19th July 1957.

The Patek Philippe Ref. 2513 is a refined and relatively uncommon piece from the early 1950s. Crafted in pink gold, this watch features a distinctive curved-square case with flared concave sides and gracefully elongated teardrop lugs. The dial features bold dagger markers that matches its dauphine hands perfectly. Inside, it houses the manual-wind Calibre 10-200, a beautifully finished movement that perfectly complements the watch’s elegant aesthetic. Don’t be misled by its size; this timepiece fits remarkably well on any wrist. Confirmed by the Patek Philippe Extract from the archives the present timepiece is from 1957.

1063.

PATEK PHILIPPE — An interesting and rare stainless steel wristwatch with pocket watch movement

百達翡麗，「Calatrava」型號 437，精細優雅，精鋼腕錶，備1905年製懷錶機芯，約1947年更換錶殼。附後補證書、百達翡麗專賣店確認信 Manufacturer

Patek Philippe

Year

Movement 1905, Case 1947

Reference No. 437 Movement No. 122’618 Case No. 617’488 Model Name Calatrava Material

Stainless steel

Calibre Manual, 10’’’ lever escapement, jewelled Bracelet/Strap Leather Clasp/Buckle Stainless steel Patek Philippe pin buckle Dimensions 28mm diameter Signed Case, dial, movement signed, movement further signed Spaulding & Co. Chicago Estimate HKD 32,000–64,000 USD 4,100–8,200 Accessories Accompanied by confirmation letter from Patek Philippe Salon Geneve confirming its origin. Delivered with Patek Philippe Extract from the Archives dated 1990, 2013 and 2025 confirming the timepiece was originally a pocket watch which has been transformed into a wristwatch. The date of sale 8th January 1905. The date of manufacture of the movement in 1903 and later cased in 617’488 in Patek Philippe’s workshop in July 1947.

Known affectionately as the “Boy Size” Calatrava, the Patek Philippe ref. 437 is a delightful timepiece with its charming 28mm size. Produced from 1935 to around 1953, this watch features a sleek stainless steel case, crafted by Taubert Frères, who took over from Frères Borgel and proudly stamped with their FB mark. What truly makes this piece special is its fascinating history. The Extract of the Archives reveals that this ref. 437 houses a 10’’’ Patek Philippe pocket watch movement, originally sold on January 9, 1905. A closer look at the movement engraving tells us it was sold by Spaulding & Co. of Chicago, a prestigious retailer with a rich heritage dating back to 1888. As the 1930s rolled in, wristwatches gained immense popularity, thanks in part to the Stern Brothers and their groundbreaking ref. 96. The introduction of the ref. 437 in 1935 likely ignited a spark of inspiration for its owner. A letter from the Patek Philippe Salon in Geneva adds to the intrigue, detailing that the stainless steel case numbered 617’488 was crafted in 1938, with the movement finally cased in July 1947. This watch is not just a timepiece; it’s a story waiting to be told!

1064.

PATEK PHILIPPE — A fine and attractive white gold world time wristwatch with guilloché dial

百達翡麗，「World Time」型號5110G，精細，白金自動世界時區腕錶，備璣鏤扭索紋錶盤，2001年製。附後補證書 Manufacturer

Patek Philippe

Year

2001

Reference No. 5110G Movement No. 3’207’325 Case No. 4’124’845 Model Name World Time Material

18K white gold

Calibre Automatic, cal. 240 HU, 23 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 37mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 110,000–220,000 USD 14,100–28,200 Accessories Accompanied by Patek Philippe hang tag. Delivered with a Patek Philippe Extract from the Archives confirming its date of manufacture of the present timepiece in 2001 and its subsequent date of sale on 14th November 2001.

Introduced in 2000, the Patek Philippe World Time ref. 5110 was the first World Time reference launched since the introduction of the ref. 2523 in 1953. Entering the new millennium with a bang, the ref. 5110 World Time adopting a much more contemporary case measuring 37mm in diameter retaining its iconic inner rotating city wheel originally invented by Louis Cottier. The reference was released with four case materials including yellow gold, white gold, pink gold and platinum with each variant featuring a beautifully executed guilloché dial in the center. Extremely practical, the Patek Philippe World Time has become an icon in the world of horology as it is certainly a strong candidate for the best timepiece for jetsetters, allowing the wearer to keep track of both local and home time with just the click of a button located at the 10 O’clock position of the caseband. The reference was discontinued in 2006 making way for the new ref. 5130 featuring a larger 39.5mm diameter case. The present example Patek Philippe ref. 5110G is presented in attractive overall condition with minimal signs of use and wear. It is delivered with a Patek Philippe Extract from the Archives confirming the production of the present timepiece in 2001.

1065.

PATEK PHILIPPE — A rare and fine white gold wristwatch with small seconds, Arabic numerals, moon phases, date, power reserve indication, setting pin and presentation box

百達翡麗，「Calatrava」型號5055G，十分精細罕有，白金自動腕錶，備小秒針、動力儲存、日期、月相顯示，1997年製。附後補證書、錶盒、調整筆 Manufacturer

Patek Philippe

Year

1997

Reference No. 5055G Movement No. 3’109’450 Case No. 4’023’534 Model Name Calatrava Material

18K white gold

Calibre Automatic, cal. 240, 29 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by Patek Philippe setting pin, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the manufacture date of the present timepiece in 1997 and its subsequent sale date on 7th April 1998.

The reference 5055 is one of Patek Philippe’s most distinctive designs from the 1990s, embodying contemporary sophistication. The 36mm white gold monobloc case seamlessly integrates the lugs with the bezel, creating a cohesive visual impact that is quite rare in the modern lineup. The white gold reference is available with two dial options, the present example features a sleek black dial with Arabic numerals on the upper half. This monochromatic scheme modernizes the collection while preserving its classic layout, which includes subsidiary dials for the moon phase (with a delicate date hand circling the periphery near 7 o’clock), power reserve (near 10 o’clock), and small seconds (near 4 o’clock). Beneath the sapphire caseback lies the caliber 240, a micro rotor movement also found in the Nautilus reference 5712. The watch is in excellent condition, showing minimal wear on the case, while the clasp has developed a pleasant patina from inactivity. The luminous material on the indexes has aged beautifully to a buttery hue. This reference is making its auction debut at Phillips, and it is a very underrated gem that can be worn both dressed up or down.

1066.

PATEK PHILIPPE — A fine and rare white gold dual-time wristwatch with 24-hour indication and small seconds

百達翡麗，「Calatrava Travel Time」型號5134G，白金兩地時區腕錶，備小秒針、24小時顯示，2006年製。附後補證書 Manufacturer

Patek Philippe

Year

2006

Reference No. 5134G Movement No. 3’088’692 Case No. 4’351’338 Model Name Calatrava Travel Time Material

18K white gold

Calibre Manual, cal. 215/156 PS FUS 24H, 18 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 36mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 2006 and its subsequent sale date on 10 May 2006.

Whether it is a World Time or a dual-time wristwatch, Patek Philippe has always excelled in making timepieces that tick all the boxes for seasoned highflyers. The ref. 5134G is a proud descendant of the iconic ref. 2597, a watch launched in 1958 and was ultimately inspired by Louis Cottier’s ingenious design. The contemporary Calatrava Travel Time ref. 5134 enjoyed a successful production run from 2001 to 2008, marking a notable chapter in Patek Philippe’s legacy of elegant functionality. On its two-tone silvered dial, the present ref. 5134 displays home time via a skeletonised hand, complemented by a 24-hour indicator positioned at 12 o’clock. The vertical alignment of these elements is visually harmonious, enhancing both legibility and aesthetic appeal. Fusing form with function, the pushers located at 8 and 10 o’clock on the caseband enable effortless adjustment of the local time, which allows the wearer to move forwards or backwards with a simple click. This intuitive mechanism underscores Patek Philippe’s dedication to user-friendly complications. Notably, the ref. 5134 is among the few Patek Philippe models to feature a crown guard, which balances the pushers on the opposite side and adds a subtle touch of sportiness to its otherwise classic silhouette. Presented in excellent overall condition and delivered with a Patek Philippe Extract from the Archives, this freshto-the market 18K white gold Calatrava Travel Time offers a fantastic opportunity for collectors to own such a rare and elegant timepiece.

1067.

PATEK PHILIPPE — A very rare and well-preserved limited edition yellow gold wristwatch, number 53 of a limited edition of 100 pieces, made to commemorate the New Millennium, single-sealed

百達翡麗，「Calatrava Millenium」型號5032，十分精美罕有，限量版黃金自動腕錶，特為紀念千禧年限量發行100 枚，編號53號，約2000年製 — 單封品 Manufacturer

Patek Philippe

Year

Circa 2000

Reference No. 5032 Movement No. 1’202’285 Case No. 53/100 Model Name Calatrava Millenium Material

18K yellow gold

Calibre Automatic, cal. 240, 27 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 36mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 95,000–190,000 USD 12,200–24,400 Accessories Accompanied by Patek Philippe hang tag.

As the year 2000 approached, anticipation grew within the watchmaking community over how Patek Philippe would mark such a historic milestone. The brand had already set a high bar with the Calibre 89 in 1989, and expectations were immense. Patek Philippe rose to the occasion with the unveiling of the Star Caliber 2000, a masterpiece featuring 21 complications. Alongside this, the firm introduced the ref. 5100, a rectangular wristwatch powered by a groundbreaking movement offering a ten-day power reserve. Another commemorative release was the ref. 5032 Millennium, available exclusively through the Patek Philippe Salon in Geneva. Limited to just 100 pieces in 18K yellow gold, the ref. 5032 Millennium stands out as one of the smallest anniversary editions ever produced by the brand. Crafted by FavurePerret, its 36mm two-piece case features a screw back and elegant downturned lugs. Produced from 1995 to 2001, it is distinguished by a silvered dial with dagger hour markers, five-minute divisions, and a single applied Breguet numeral “2” to mark the new millennium. Adding a unique touch, the crown is set with a cabochon ruby. Numbered 53 and preserved in single-sealed condition, the present fresh-to-the-market example offers collectors a rare opportunity to acquire a truly special commemorative timepiece.

1068.

PATEK PHILIPPE — A fine and attractive white gold annual calendar wristwatch with center seconds, sector dial, 24-hour indication, moon phases, Certificate of Origin and presentation box

百達翡麗，型號5396G-001，精細，白金自動年曆腕錶，備中心秒針、「Sector」錶盤、24小時、月相顯示，2008年製。附原裝證書、錶盒、後補證書 Manufacturer

Patek Philippe

Year

2008

Reference No. 5396G-001 Movement No. 3’901’106 Case No. 4’452’395 Material

18K white gold

Calibre Automatic, cal. 324 S QA LU 24H, 34 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 38mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 120,000–200,000 USD 15,400–25,600 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Huber Uhren, Vaduz dated 2 September 2008, instruction manual, product literature, leather folio, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming the production of the present timepiece in 2008 and its subsequent sale date on 11 June 2008.

From the very first award winning ref. 5035 fitted with the calibre 315 S QA 24H in 1996, the annual calendar has been one of the most ingenious and useful complication that has been in the Patek Philippe collection for over 25 years. With the simplicity of indicating the day of the week, date and month and the delight of correction only once a year, it is an incredibly practical timepiece that can be worn everyday. In 2006, the firm launched the vintage-inspired two-tone sector dial ref. 5396 in pink gold, followed by white gold version like the present example in 2008. Inside housed a calibre that features a Spiromax balance spring and a Gyromax balance-wheel. The monochromatic contrast of the silvered tone dial framed by the navy blue sector markings displays exquisite design proportions. The collection continues its brilliance by offering different displays and nuances of style, two years after its release, the reference took on a classic approach with applied indexes much like the ref. 3448. Preserved in excellent condition, this is a perfect opportunity to own an early and fresh-to-the-market example of a modern classic.

PATEK PHILIPPE

Ref. 5396G-001, Sector Dial

1069.

PATEK PHILIPPE — A fine and well-preserved yellow gold wristwatch with small seconds and date

百達翡麗，「Calatrava」型號3445「First Series」，精細，黃金自動腕錶，備小秒針、日期顯示，1963年製。附後補證書 Manufacturer

Patek Philippe

Year

1963

Reference No. 3445, First Series Movement No. 1’120’352 Case No. 313’087 Model Name Calatrava Material

18K yellow gold

Calibre Automatic, cal. 27-460M, 37 jewels Bracelet/Strap Leather Clasp/Buckle 18K yellow gold pin buckle Dimensions 35mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 120,000–200,000 USD 15,400–25,600 Accessories Delivered with Patek Philippe Extract from the Archives confirming the present timepiece’s date of manufacture in 1963 and its subsequent date of sale on 1st March 1963.

Introduced in 1961, the ref. 3445 holds a special place in Patek Philippe’s history as the firm’s first serially‑produced self‑winding wristwatch with a date function. Valued by collectors for its harmonious proportions, clean case design, and practical wearability, the model is equally at home tucked under a cuff in the boardroom or worn casually on the weekend. Produced until 1981 across three distinct series and in all four precious metals, the reference enjoyed two decades of quiet success. The first and second series preserved the original design with only minor refinements, while the third series introduced notable upgrades: a higher bezel, a sapphire crystal, and a display back. The present watch, a yellow gold ref. 3445 from 1963, belongs to the first series, identifiable by its movement number in the 1.12 million range. Preserved in excellent overall condition, with a desirable sharply defined case and crisp hallmarks, it is further accompanied by a Patek Philippe Extract from the Archives confirming its date of production. A classic and refined example of one of Patek Philippe’s most important mid‑century references. PROPERTY OF AN ASIAN COLLECTOR 亞洲私人收藏

PATEK PHILIPPE

Ref. 3445, First Series

1070.

PATEK PHILIPPE — An extremely well-preserved, possibly unpolished, rare and attractive yellow gold perpetual calendar wristwatch with moon phases

百達翡麗，「Padellone」型號3448「Fourth Series」，精細罕有，黃金自動萬年曆腕錶，備月相顯示，1974年製。附後補證書 Manufacturer

Patek Philippe

Year

1974

Reference No. 3448, Fourth Series Movement No. 1’119’337 Case No. 331’494 Model Name “Padellone” Material

18K yellow gold

Calibre Automatic, cal. 27-460 Q, 37 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K yellow gold Patek Philippe pin buckle Dimensions 37.5mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 1,100,000–2,200,000 USD 141,000–282,000 Accessories Delivered with two Patek Philippe Extract from the Archives confirming its date of manufacture of the present timepiece in 1974 and its subsequent date of sale on 19th April 1974.

Introduced in 1962, the ref. 3448 was the only self-winding perpetual calendar wristwatch on the market for the following 16 years. Its production spanned approximately 23 years, with an estimated total of only 586 examples produced across all metals and four series. The four series of ref. 3448 can be determined as such: · The first series features small calendar ring, indexes closer to the center of the dial and engraved/enameled minute divisions. · The second series introduces beady minute divisions. · The third series maintains the beady divisions but introduces the large numerals for the date rings and indexes closer to the outer edge of the dial. · The fourth series - exemplified by the present timepiece features printed minute divisions. The present example, from the fourth series, was manufactured in 1974 and is encased in classic 18K yellow gold. It is extraordinarily well-preserved and, in our opinion, is most likely unpolished, featuring very crisp facets and hallmark behind the lug. To the best of our knowledge, this example is fresh to the auction market, and Phillips has previously sold two very similar examples. One, bearing the movement number 1’119’339, was featured in “The Geneva Watch Auction: NINE” in May 2019. Another, numbered 1’119’332, was sold at The Hong Kong Watch Auction: XI in November 2020. Notably, all these examples were manufactured from the same batch, featuring identical dial configurations.

As condition always comes first in the realm of vintage watch collecting, finding another ref. 3448 in a condition like the present watch could entail an interminable wait in the market, which makes this an opportunity not to be missed to acquire a fantastic perpetual calendar example.

PATEK PHILIPPE

Ref. 3448, “Padellone”

1071.

BLANCPAIN — A historically interesting and rare stainless steel anti-magnetic diver’s wristwatch with center seconds, black glossy dial and humidity indicator

寶珀，「Fifty Fathoms MILSPEC 1」，罕有，精鋼自動防磁潛水腕錶，備中心秒針、黑色亮面錶盤、濕度顯示，約1960年製。附後補證書 Manufacturer

Blancpain

Year

Circa 1960

Case No. 5243 Model Name Fifty Fathoms MILSPEC 1 Material

Stainless steel

Calibre Automatic, cal. AS 1361 N, 17 jewels Bracelet/Strap Rubber Clasp/Buckle Stainless steel pin buckle Dimensions 41mm diameter Signed Case, dial and movement signed Estimate HKD 120,000–240,000 USD 15,400–30,800 Accessories Delivered with Blancpain Heritage Authentication.

The Blancpain Fifty Fathoms originated shortly after the Second World War, developed at the request of French combat swimmers for underwater missions. Captain Robert Maloubier and Lieutenant Claude Riffaud collaborated with Blancpain CEO Jean-Jacques Fiechter to create a watch that could measure dive time, track mission duration, and remain legible in darkness. From 1950 to 1975, several versions were produced. The Fifty Fathoms MILSPEC 1 was introduced in the U.S. around late 1950s and early 1960s. It was the first model that had met the U.S. Navy’s strict specifications. It then gave rise to the partnership between Fiechter and New York-based watch distributor Allen V. Tornek. The present example, dated back to circa 1960, is a historically significant timepiece which features Tritium-based luminescent paint, used from the 1960s to 1990s. This material is no longer in use today and generally replaced by Super-lumiNova, which underscores its authenticity and vintage character. Offered along with Blancpain Heritage Authentication, the present MILSPEC 1 stands as a testament to Blancpain’s technical innovation and deep-rooted connection to ocean exploration. PROPERTY OF A SWISS COLLECTOR 瑞士私人收藏

1072.

ROLEX — An early, rare and attractive stainless steel diver’s wristwatch with center seconds, black lacquered dial and bracelet

勞力士，「Submariner “Small Crown”」型號6536/1，精細罕有，精鋼自動鏈帶腕錶，備中心秒針、黑色亮漆面錶盤，約1957年製。 Manufacturer

Rolex

Year

Circa 1957

Reference No. 6536/1 Movement No. N’727’634 Case No. 230’065, repeated inside caseback and stamped “I.57” Model Name Submariner “Small Crown” Material

Stainless steel

Calibre Automatic, cal. 1030, 25 jewels Bracelet/Strap Stainless steel riveted Rolex Oyster bracelet stamped “7206”, endlinks stamped “80”, max length 190mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “2-69” Dimensions 37.5mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 115,000–230,000 USD 14,700–29,500

Introduced in 1955, the Rolex Submariner ref. 6536/1 remained in production for a short 4 years until 1959. According to scholarship, around 5,350 examples were created during this production span. Housed in a robust stainless steel Oyster case with a diameter of 37.5mm, the ref. 6536/1 features a small Brevet crown measuring just 6mm, notably smaller than the 8mm Brevet crown found on the ref. 6538 “Big Crown.” This example, bearing a 230’xxx serial number, was made circa 1957 and is presented in very good overall condition, showcasing a strong case with well-defined bevels and thick, prominent lugs. The dial is original and retains impressive radium readings on a Geiger counter. The luminous material has aged beautifully, and the large white lollipop seconds hand complements nicely with the non-hashed bezel, which features a slightly faded red triangle on top, enhancing the vintage allure of this timepiece. The dial itself is in remarkable condition, featuring bold gilt printing. Notably, the luminous marker at 6 o’clock is significantly brighter than the other luminous plots, as is typical for Submariner dials from this era. Overall, this is a rare find for any Rolex connoisseur seeking a high-quality 6536 “Small Crown” on the market. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

1073.

ROLEX — An extremely rare, well-preserved, fresh-to-the-market and highly attractive yellow gold chronograph wristwatch with champagne “Paul Newman” dial

ROLEX

Ref. 6239, “Paul Newman”

1073.

ROLEX — An extremely rare, well-preserved, fresh-to-the-market and highly attractive yellow gold chronograph wristwatch with champagne “Paul Newman” dial

勞力士，「Cosmograph Daytona」型號6239，極度罕有，黃金計時腕錶，備香檳金色「Paul Newman」錶盤，約1968年製。 Manufacturer

Rolex

Year

Circa 1968

Reference No. 6239 Case No. 1’757’931, “6239” repeated inside caseback Model Name Cosmograph Daytona “Paul Newman” Material

18K yellow gold

Calibre Manual, cal. 722-1, 17 jewels Bracelet/Strap Leather Clasp/Buckle Gold-plated Rolex pin buckle Dimensions 37mm diameter Signed Case, dial, movement and buckle signed, caseback further engraved “26.9.69 – Jost” Estimate HKD 2,000,000–4,000,000 USD 256,000–513,000

With reference 6239, Rolex launched what is arguably its most iconic, successful, and collectible watch family: the Cosmograph Daytona. Initially introduced in the USA in 1963, it made its European debut the following year. The choice of the American market was influenced by its close ties to car racing, and the name “Daytona” was selected for its American associations, replacing the originally intended “Le Mans”. Gold cases were uber rarely used for reference 6239. During its production run, only about 300 examples were made in yellow gold, a strikingly low number considering the model’s total production of approximately 14,000 units. This limited availability can be attributed to the model’s design as a tool watch, primarily sought after in sturdy and lightweight stainless steel. Featuring a champagne dial with gold graphics set within the sunken subsidiary registers, this timepiece was among the most luxurious Cosmographs available in the late 1960s. Glamorous and eye-catching, it exemplifies yet another variant of the beloved “Paul Newman” model. The dial is particularly impressive, with the champagne surface aging gracefully and showing minimal signs of wear. Although the luminous material has been reapplied during a previous Rolex service, the watch remains in remarkable condition,

with the vinyl pattern on the registers still crisp. The case is also well-preserved, with some oxidation marks noted near the lower pusher due to limited wrist time and careful storage. Two clear hallmarks are visible beneath the lugs. Notably, this watch is fresh-to-the-market and comes from the family of the original owner, who likely received it in September 1969, as indicated by the caseback engraving “26.9.69 – Jost”. It has been well-maintained within the family and carefully serviced over the years, as evidenced by service engraving marks inside the caseback. This watch is also just 10 case numbers away from another example Phillips auctioned in the Racing Pulse auction in December 2020, featuring another very well-preserved example which achieved an impressive USD 529,200. Given its provenance, rarity, and outstanding condition, this timepiece will undoubtedly spark conversations among vintage Rolex enthusiasts and will stand as a significant statement piece in the history of the Daytona. PROPERTY OF THE FAMILY OF THE ORIGINAL OWNER 原物主家族收藏

ROLEX

Ref. 6239, “Paul Newman”

1074.

ROLEX — A well-preserved and robust stainless steel diver’s wristwatch with center seconds, “Maxi MK IV” dial, bracelet, guarantee and presentation box

勞力士，「Submariner」型號5513，精細罕有，精鋼自動鏈帶腕錶，備「Maxi MK IV」錶盤、中心秒針，約1982年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 1982

Reference No. 5513 Case No. 7’259’972, “5513” repeated inside caseback Model Name Submariner, Maxi MK IV Material

Stainless steel

Calibre Automatic, cal. 1520, 26 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet stamped “93150”, endlinks stamped “580”, max length 190mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “MA9” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 75,000–120,000 USD 9,600–15,400 Accessories Accompanied by Rolex guarantee stamped Sone Hakata, Japan dated 11th March 1983, international service guarantee dated 19th April 2007, green cardholder, product literature, fitted presentation box and outer packaging.

The present reference 5513 is a rare example featuring the classic matte black “Maxi MK IV” dial. This dial is typically associated with 6 to late 7 million range and was likely introduced around 1981. It is characterized by its matte surface, with the “SUBMARINER” designation positioned above and shorter in length compared to the depth rating below it. Collectors particularly appreciate specific traits of a Mark IV dial, such as the distinctive zig-zag “S” in “SUBMARINER”. The dial on this reference 5513 is exceptionally well-preserved, showing excellent condition without significant flaws and complemented by tritium indexes that have developed a charming buttery hue. The 40mm case has been meticulously maintained, with lugs that remain thick and beautifully beveled. Combining rarity and outstanding condition, this reference 5513 comes complete with its original accessories from 1983. It was purchased from a Japanese retailer, with a service performed in 2007. As a highly collectible piece, it would make a fantastic addition to any discerning collector of vintage Rolex watches.

1075.

ROLEX — An early, rare and exceptionally well-preserved stainless steel wristwatch with bracelet, center seconds, date, 24-hour indication, “MK I” dial, guarantee and presentation box

勞力士，「Explorer II “Freccione” MK I」型號1655，早期、罕有，精鋼自動鏈帶腕錶，備「MK I」錶盤、中心秒針、日期、24 小時顯示，約1971年製。附原裝證書、錶盒、配件 Manufacturer

Rolex

Year

Circa 1971

Reference No. 1655 Movement No. D’992’472 Case No. 2’916’398, inside caseback stamped “II.71” Model Name Explorer II “Freccione” MK I Material

Stainless steel

Calibre Automatic, cal. 1570, 26 jewels Bracelet/Strap Stainless steel Rolex riveted Oyster bracelet stamped “7206”, end links stamped “58”, max length 185mm Clasp/Buckle Stainless steel Rolex deployant clasp stamped “6251H” Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 190,000–350,000 USD 24,400–44,900 Accessories Accompanied with Rolex guarantee stamped Erbe Chronometrie AG Basel, Switzerland dated 15 February 1972, Rolex Service guarantee, product literature, 1971-1972 calendar card, green leather folder, 1 additional link, hang tags, cloth, fitted presentation box and outer packaging.

Released in 1971, the Rolex Explorer II provided a refreshed appeal to the famous Explorer line with the ref. 1655. Designed for expeditioners and professionals, the ref. 1655 featured a large triangular tipped luminous orange 24-hour hand allowing the wearer to tell the time under any conditions, earning its nickname “Freccione”, meaning “Big Arrow” in Italian. Featuring a 24-hour calibrated bezel, the purpose was to provide speleologists to differentiate between night and day in tremendous caving expeditions. In production until the mid1980s, the reference was released with a total of 5 different marks. The present example from circa 1971 with a 2.9 million serial - The earliest examples of the reference known as the “Mark I”, featured a distinctive straight center seconds hand, without the luminous dot found in later marks. Fully retaining this characteristic and offered in extremely attractive condition of both case and dial, the present timepiece delights in its complete nature. Adding to its collectability, the present early example is further accompanied by its full set of original accessories from when it was sold in 1972, which is extremely rare to come across. This coveted ref. 1655 is certainly a rare treat for lovers of vintage sports watches. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

1076.

ROLEX — A very charming and very well-preserved stainless steel chronograph wristwatch with “MK I” dial, tropical registers and bracelet

勞力士，「Cosmograph Daytona」型號6263，非常精美，精鋼計時鏈帶腕錶，備“MK I” 錶盤、「tropical」棕色子盤，約1972年製。 Manufacturer

Rolex

Year

Circa 1972

Reference No.

6263

Case No. 3’048’274, inside caseback stamped “6262” Model Name Cosmograph Daytona Material

Stainless steel

Calibre Manual, cal. 727, 17 jewels Bracelet/Strap Stainless steel Rolex Oyster folded bracelet stamped “7835-19”, endlink stamped “271”, max length 195mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp, stamped “2-71” Dimensions 37mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 480,000–950,000 USD 61,500–122,000

Dating to approximately 1972, this early ref. 6263 example features a “MK I” dial which is notable for its absence of the red “Daytona” signature above the 12-hour register and two lowercase Greek Sigma letters at 6 o’clock. The well-preserved silver dial contrasts elegantly with the “MK I” black bezel and registers, which have aged into an even dark chocolate colour tropical patina, adding depth and character to the watch. The present timepiece is paired with ref. 7835-19 Oyster folded bracelet. The present example is distinguished by its exceptionally rare “MK I” dial, produced only for a short period between approximately 1970 and 1973. What sets this piece apart is the presence of “tropicalised” registers: a transformation caused by prolonged exposure to UV light and humidity. These environmental factors trigger a chemical reaction in the original dial paint, resulting in a gradual and often unpredictable colour shift from black to various degree of brown. While most dials from this era remain unchanged, only a small number develop into rich mocha or caramel tones like the present example, creating a warm and visually captivating patina. Beyond the “tropicalised” registers, the dial of this watch remains remarkably well-preserved. The luminous material on both the dial and hands remains intact and continues to react under UV light. This combination of rarity, character, and preservation makes the present example especially compelling for connoisseurs of vintage chronographs.” PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

ROLEX

Ref. 6263, Tropical MK I Dial

1077.

TUDOR — A fine and attractive stainless steel chronograph wristwatch with date and bracelet

帝舵，「Oysterdate “Monte Carlo”」型號7149/0，精鋼計時鏈帶腕錶，備日期顯示，約1974年製。 Manufacturer

Tudor

Year

Circa 1974

Reference No. 7149/0 Case No. 825’967 Model Name Oysterdate “Monte Carlo” Material

Stainless steel

Calibre Manual, cal. 234, 17 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, endlink stamped “782” and “3876”, max length 185mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp, stamped “T-D” Dimensions 39.5mm diameter Signed Dial and movement signed; case, bracelet and clasp signed Rolex Estimate HKD 60,000–120,000 USD 7,700–15,400

The Tudor Chronograph ref. 7149, affectionately nicknamed “Monte Carlo,” is a standout model from the brand’s golden era in the 1970s. Produced between approximately 1971 and 1977, it represents the second generation of Tudor chronographs, following the initial trio introduced in 1970. While retaining the 39.5mm case and bold dial design of its predecessor, the ref. 7149 introduced a significant upgrade in movement: the manually wound Valjoux Calibre 234. This calibre offered improved accuracy and featured a more refined column wheel chronograph mechanism, replacing the earlier cam-actuated system. Ref. 7149 is celebrated for its vibrant and sporty aesthetic, with dial options in grey and black or grey and blue, accented with white and orange details. It features a fixed acrylic tachymeter bezel, screw-down chronograph pushers, and a box-shaped acrylic crystal with a cyclops lens positioned unusually at 6 o’clock. The watch’s design is distinctly retro, yet highly functional, with luminous baton-style hands and a date display. The present example, offered in excellent condition, showcases the grey and blue dial variant, accented with white and orange details that lend a lively and distinctive character to the watch. The playful contrast of colours, combined with the dial’s unique layout, is widely believed to be the inspiration behind its nickname “Monte Carlo,” as the design loosely evokes the appearance of a roulette wheel. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

1078.

UNIVERSAL GENÈVE — A very well-preserved and attractive stainless steel chronograph with black MK II dial, rubber chronograph pushers and red chronograph hand

宇宙，「Space-Compax MK II」型號885104/02，罕有，精鋼計時腕錶，備黑色錶盤，橡膠按鈕、紅色計時指針，約1966年製。 Manufacturer

Universal Genève

Year

Circa 1966

Reference No. 885104/02 Case No. 2’509’649 Model Name

Space-Compax MK II

Material

Stainless steel

Calibre Manual, cal. UG 85, 17 jewels Bracelet/Strap Leather Clasp/Buckle Stainless steel pin buckle Dimensions 37.5mm diameter Signed Case, dial and movement signed Estimate HKD 60,000–100,000 USD 7,700–12,800

In 1917, Universal Genève created its first ever chronograph wristwatch. Some 18 years later, they launched their first “Compax” model, with many variations to follow. Today, vintage Universal Genève’s sports watches are especially sought after thanks to the relaunch of the brand under the Breitling umbrella, and of course their extraordinary diversity, appealing designs, and large, well-proportioned cases. One of Universal’s most unusual yet attractive chronograph designs was the Space-Compax. Produced in two generations, the present lot belongs to the MK II generation, made in limited numbers. The present example is fitted with an attractive, all black dial consistent with the second generation of the model, while the first-generation dial configuration features white contrasting subsidiary dials and a large 12 o’clock hour marker. The Space-Compax was designed for underwater use, and is fitted with a black rotating bezel and rubber-capped chronograph pushers. Bold hands, luminous hour markers, and red accents complement the masculine, oversized case giving it an absolutely modern appearance despite being nearly half a century old. The crisp case houses the well-known caliber UG 85 threeregister chronograph. Reference 885104-02 is extremely difficult to come by, and this example presented in exceptional, original condition retaining its rare rubber cap pushers, is certainly a worthy addition to a world class collection of sports watches.

1079.

IWC — An unusual, scarce and perfectly preserved military green PVD-coated aluminium automatic wristwatch with center seconds, date, hinged case concealing a compass and an emergency beacon mirror and bracelet

萬國,「Porsche Design Compass Watch」型號3510，罕有，軍綠色PVD 塗層鋁製自動鏈帶腕錶，備中心秒針、日期、隱藏指南針和緊急信標鏡的掀蓋式錶蓋，約1981年製。 Manufacturer

IWC

Year

Circa 1981

Reference No. 3510 Movement No. 2’340’550 Case No. 2’266’576 Model Name Porsche Design Compass Watch Material

PVD-coated aluminium

Calibre Automatic, cal. 375, 22 jewels Bracelet/Strap PVD-coated aluminium IWC bracelet, max length 180mm Clasp/Buckle PVD-coated Aluminium IWC deployant clasp Dimensions 39mm Diameter Signed Case, dial, movement, bracelet and clasp signed IWC, dial further signed Porsche Design Estimate HKD 28,000–48,000 USD 3,600–6,200

Featuring a very readable and clear luminous dial with red center seconds, the case of the piece is hinged at 12; by pushing the two buttons on the 6 o’clock end link, the case opens up and reveals not only a compass, but also an emergency beacon mirror which acts as screw-on back for the movement. One of the first PVD-coated timepieces to hit the market, the model is most often seen in black. The present military green configuration is an extremely uncommon variation, as collectible as it is in tune with today’s horological tastes. On top of all the above, the fact that the watch is offered in absolutely impeccable, practically NOS condition makes this offer an irresistible proposal for the farsighted collectors. Research with the manufacture states that the wristwatch with serial number 2’266’576 was sold on 4 September 1981 to Porsche Salzburg.

1080.

AUDEMARS PIGUET — An early, very rare and attractive yellow gold wristwatch with non-luminous grey dial, day, date, moon phases and bracelet

愛彼，「Royal Oak Day Date Moon Phase」型號 5594BA，早期、精細罕有，黃金自動鏈帶腕錶，備無夜光灰色錶盤、星期、日期、月相顯示，1984年製。附電子後補證書 Manufacturer

Audemars Piguet

Year

1984

Reference No. 5594BA Movement No. 279’114 Case No. C02’105, 412 Model Name Royal Oak Day Date Moon Phase Material

18K yellow gold

Calibre Automatic, cal. 2124/2825, 32 jewels Bracelet/Strap 18K yellow gold Audemars Piguet bracelet, max length 175mm Clasp/Buckle 18K yellow gold Audemars Piguet deployant clasp Dimensions 36mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 150,000–250,000 USD 19,200–32,100 Accessories Accompanied by Audemars Piguet travel pouch. Further delivered with digital Extract from the Archives confirming the register date of the present timepiece on 7 November 1984.

Nicknamed the “Owl”, before the release of reference 25594 in 1984, reference 5594 served as a trial model, produced for less than a year, featuring a sleek 36mm case with a calendar function that indicates the day, date and moon phases. While the majority of references 5594 and 25594 were made in stainless steel, only 24% were crafted in solid yellow gold. What makes this watch particularly intriguing is its non-luminous grey dial. According to the AP Chronicles, the first catalogue published in 1985 indicated that only the yellow gold ref. 5594 variant was devoid of luminous plots and hands. This means that the present early example from 1984 is among the few that is fitted with the rare non-luminous grey dial. An exceptionally handsome timepiece, collectors have recently sought after early Royal Oaks, and this model is certainly a hidden gem. Practical yet retaining its iconic traits, further enhanced by its vintage appeal, the dial is well-preserved with minimal signs of aging. It features the signature petite tapisserie pattern and the older style logo seen on early Royal Oak models. Accompanied by an elegant integrated bracelet, it includes an early “blade” style folding clasp, typical of Royal Oak timepieces manufactured from 1972 to the mid-1980s. The French Owl hallmarks on the case, bracelet, and clasp indicate that the watch was imported into the French market prior to 1990. Confirmed by its digital Extract from the Archives, this unusual dial combination in a yellow gold case is a rare and early find, making it a must-have for anyone seeking a neo-vintage, special Royal Oak from the 1980s.

1081.

VACHERON CONSTANTIN — A well-preserved and rare stainless steel wristwatch with date, center seconds, integrated bracelet and certificate

江詩丹頓，「222」型號46003，精細罕有，精鋼自動大三針鏈帶腕錶，備日期顯示，約1980年代製。附原裝證書 Manufacturer

Vacheron Constantin

Year

Circa 1980s

Reference No. 46003 Movement No. 692’677 Case No. 571’073 Model Name 222 Material

Stainless steel

Calibre Automatic, cal. 1124, 33 jewels Bracelet/Strap Stainless steel Vacheron Constantin bracelet, max length 185mm Clasp/Buckle Stainless steel Vacheron Constantin deployant clasp Dimensions 34mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 240,000–400,000 USD 30,800–51,300 Accessories Accompanied by Vacheron Constantin certificate dated 1988 stamped Osaka Japan, service invoice, product literature and document presentation box.

The aesthetic of this Vacheron Constantin 222 is distinctively striking. With its understated scalloped bezel ring, framed in a tonneau shape case, the design of the ref. 46003 has its own distinct character. A subtle contrast between brushed and polished surfaces can be found throughout, accentuating the high level of finishing involved. Just below the 5 o’clock hour mark, the case is adorned with a small yellow gold Maltese cross, saluting to the manufacturer’s signature symbol. The ref. 46003 measures 34mm in diameter and is just over 7mm thick. Structurally speaking, the case is a monocoque, or unibody, setting it apart from other similar sports watches in the period with its almost entirely flat case back and slender profile. Because of its unique case and bracelet design, this quiet giant has a wrist presence that wears more prominent than its dimensions would otherwise suggest, wrapping itself around the wrist. Echoing its stainless steel exterior, the dark grey sigma dial matches the case and features applied, tritium-filled hour markers, complemented by polished baton hands with luminous inserts, and a date aperture at 3 o’clock with the original date disc. Unlike the “Jumbo” version of the Vacheron 222, powered by the ultra-slim cal. 1121, this “mid-size” version is driven by the cal. 1124, based on the Jaeger-LeCoultre 889.

VACHERON CONSTANTIN 222

1082.

AUDEMARS PIGUET — A very fine and attractive limited edition stainless steel tourbillon wristwatch with power reserve indication, bracelet, warranty and presentation box, numbered 29 of a limited edition of 45 pieces made for the Japanese market

愛彼，「Royal Oak Tourbillon」型號26512ST.OO. 1220ST.01，十分精細，限量版精鋼陀飛輪鏈帶腕錶，備動力儲存顯示，特為日本市場限量發行45枚，編號29號，約2017年製。附原裝證書、錶盒 Manufacturer

Audemars Piguet

Year

Circa 2017

Reference No. 26512ST.OO.1220ST.01 Movement No. 973’607 Case No. J63’659, No. 29 Model Name Royal Oak Tourbillon Material

Stainless steel

Calibre Manual, cal. 2924, 25 jewels Bracelet/Strap Stainless steel Audemars Piguet bracelet, max length 175mm Clasp/Buckle Stainless steel Audemars Piguet deployant clasp Dimensions 41mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 620,000–1,200,000 USD 79,500–154,000 Accessories Accompanied by Audemars Piguet warranty stamped Yoshida Japan dated 31st July 2017, 3 additional links, instruction manual, product literature, key, fitted presentation box and outer packaging.

Over the years, the brand has introduced numerous variations of the Royal Oak, exploring different case sizes, materials, dial treatments, and complications. The present Royal Oak Tourbillon is among the few models released featuring a manually wound movement. This exceptionally rare special edition was exclusively crafted for the Japanese market, with only 45 pieces have been made. It showcases a black dial adorned with a delicate “petite tapisserie” pattern, reminiscent of the original Royal Oak “Jumbo” dials from the 1970s. The 41mm case boasts a sapphire caseback engraved with “Special Edition”, providing a glimpse of the exquisitely finished caliber 2924 inside. With a power reserve of 70 hours, the prestigious, ultra-thin movement is complemented by an extra-flat tourbillon carriage, visible through an aperture at 6 o’clock on the dial. Presented in excellent condition and complete with all original accessories, including the warranty and presentation box, this is a rare opportunity to acquire an extraordinary Royal Oak tourbillon. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR

重要亞洲私人收藏

AUDEMARS PIGUET

Ref. 26512ST, Royal Oak Tourbillon

1083.

A. LANGE & SÖHNE — A “like-new” and unworn platinum wristwatch with digital time display, stop seconds, constant force escapement, power reserve indication, guarantee and presentation box

朗格，「Zeitwerk」型號142.025，鉑金腕錶，備數字讀時、停秒功能、恆力擒縱、動力儲存顯示，約2023 年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 2023

Reference No. 142.025 Movement No. 155’363 Case No. 260’057 Model Name Zeitwerk Material

Platinum

Calibre Manual, L043.6, 61 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum A. Lange & Söhne pin buckle Dimensions

41.9mm diameter

Signed Case, dial, movement and buckle signed Estimate HKD 320,000–480,000 USD 41,000–61,500 Accessories Accompanied by A. Lange & Söhne guarantee stamped ALS Seoul Galleria dated 3 May 2023, instruction manual, product literature, cloth, leather folio, paper box, fitted presentation box and outer packaging.

The second-generation Zeitwerk debuted in two configurations: the ref. 142.025 in a platinum case with a rhodium dial, and the ref. 142.031 in pink gold with a black dial (see next lot). While neither is a limited edition, both are boutique exclusives, in keeping with Lange’s tradition of discreet distribution. One of the most impressive updates is the reduction in case thickness— from 12.6mm to 12.2mm—despite the addition of a quick-set hour pusher and a doubled power reserve. This subtle refinement significantly enhances wearability. At the heart of the new Zeitwerk is the manual-wind calibre L043.6, which builds on the original’s dual-jumping digital time display and constant-force mechanism. The redesigned barrel now houses two mainsprings, extending the power reserve from 36 to 72 hours. The new pusher at 4 o’clock allows for rapid hour adjustment, a practical feature for frequent travellers. Visually, the Zeitwerk retains its iconic layout: twin digital apertures for hours and minutes, a small seconds at 6 o’clock, and a sweeping power reserve indicator at the top. Minor dial refinements include a slightly enlarged seconds subdial and the repositioning of the “Made in Germany” inscription. The final 12 hours of the power reserve are now marked in red for added clarity. With 451 components—63 more than its predecessor—the L043.6 movement reflects Lange’s commitment to mechanical innovation and precision. The present timepiece represents the very first example of ref. 142.025 to appear at auction. Offered in immaculate “like-new” condition and entirely unworn. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

1084.

A. LANGE & SÖHNE — A “like-new” and attractive pink gold wristwatch with digital time display, stop seconds, constant force escapement, power reserve indication, guarantee and presentation box

朗格，「Zeitwerk」型號142.031，精細罕有，玫瑰金腕錶，備數字讀時、停秒功能、恆力擒縱、動力儲存顯示，約2024年製。附原裝證書、錶盒 Manufacturer

A. Lange & Söhne

Year

Circa 2024

Reference No. 142.031 Movement No. 165’250 Case No. 272’557 Model Name Zeitwerk Material

18K pink gold

Calibre Manual, L043.6, 61 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold A. Lange & Söhne pin buckle Dimensions 41.9mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 250,000–450,000 USD 32,100–57,700 Accessories Accompanied by A. Lange & Söhne guarantee stamped A. Lange & Söhne Taipei dated 30th December 2024, leather folio, instruction manual, product literature, cloth, fitted presentation box and outer packaging.

13 years after the first Zeitwerk was born, the second generation of the legacy elevated with remarkable refinements. Launched in 2022 with 142.025 in platinum (see previous lot) and ref. 142.031 in pink gold, the entire watch impressively downsized its thickness from 12.6mm to 12.2mm thanks to the revamped calibre L043. A total of 451 parts including a constant-force mechanism with stacked barrel design housing two mainsprings. Thinner yet more powerful, its power reserve took a leap forward doubling to 72 hours. Hitting all the right notes starting with the new quickset hour pusher that collectors appreciate, the new Zeitwerk is more travel friendly and ergonomically well thought out. The black dial also features small refinements such as the red indicator on the power reserve for legibility, as well as a larger sub-seconds register and thinner German silver time bridge thanks to the smaller “Made in Germany” inscription. The present timpiece is the first of its kind to be offered publicly at auction and preserved in “like-new” condition, making it an unmissable opportunity for the discerning collector of high-end timepieces.

1085.

A. LANGE & SÖHNE — An extremely fine white gold instantaneous perpetual calendar wristwatch with regulator-style dial, orbital moon phases, power reserve, leap year, day/night indication, guarantee and presentation box

朗格，「Richard Lange Perpetual Calendar Terraluna」型號180.026，十分精細，白金萬年曆腕錶，備規範式指針、旋轉月相、動力儲存、閏年、日夜顯示，約2018年製。附原裝證書、錶盒、調整筆 Manufacturer

A. Lange & Söhne

Year

Circa 2018

Reference No. 180.026 Movement No. 125’447 Case No. 230’543 Model Name Richard Lange Perpetual Calendar Terraluna Material

18K white gold

Calibre Manual, cal. L096.1, 80 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold A. Lange & Söhne deployant clasp Dimensions 45.5mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 450,000–950,000 USD 57,700–122,000 Accessories Accompanied by A. Lange & Söhne guarantee stamped Richemont Asia Pacific Ltd, dated 31 January 2018, service invoice, instruction manual, product literature, wooden loupe, cloth, setting pin, leather folio, fitted presentation box and outer packaging.

The Richard Lange Perpetual Calendar Terraluna was A. Lange & Söhne’s standout new release of SIHH in 2014. It is a superbly complicated timepiece with an instantaneous perpetual calendar and impressive 14 days of power reserve using Lange’s patented, constant force mechanism. Flip the watch over, three concentric rotating disks made of solid gold poetically represent the earth, moon, and sky’s changing positions. The balance wheel at 5 o’clock represents the sun, and the earth disk completes a 360° rotation once per day, continuously indicating day, night, the current moon phase and the positions of the moon and sun as an observer in the northern hemisphere would see them. Accurate to one day over 1058 years, the outer sky and moon phase disks complete a rotation once per lunar month. When the moon disk is at 5 o’clock, between the sun (balance wheel) and earth disk, it appears dark blue to represent a new moon. The moon disk expands until the disk’s gold portion is fully exposed 14.77 days later upon reaching the 11 o’clock position – an innovative, first of its kind mechanism. The perpetual calendar’s date indication is seen through the Lange’s signature oversized date apertures at 12 o’clock, and the month and day in smaller apertures separated at 4 and 8 o’clock respectively, with a small circular aperture for the leap year indicator at 2 o’clock. The power reserve indication is seen through a discreet aperture found at 6 o’clock. Recently serviced by Lange, the present Richard Lange Perpetual Calendar Terraluna is hardly worn, and offered complete with its full set of accessories.

A. LANGE & SÖHNE

Richard Lange Perpetual Calendar Terraluna

1086.

SWISS — A very fine and rare and yellow gold openface one-minute tourbillon by Albert Pellaton-Favre keyless pocket watch with detent escapement and presentation box, retailed by S. Smith & Son

Beginning in the 17th century, British master watchmakers were at the forefront, making major contributions in mechanical design leading to better timekeeping accuracy, a tradition that continues in the 21st century. Prominently illustrated in “Watches” by Cecil Clutton & George Daniels, and “Das Tourbillon” by Reinhard Meis, the present one-minute tourbillon pocket watch is not only the first tourbillon watch signed by Smith & Son, but also the only one with a detent escapement – the rest are fitted with lever movements. The lovely white enamel dial with Roman numerals elegantly showcases the time. Made by Frederick Willis, his dials were of the highest quality used by the very best British makers in their most important watches. The movement itself was conceived and crafted by Albert Pellaton-Favre (1834–1914), widely regarded as the foremost tourbillon maker of his generation. Watches using his tourbillon won many awards, notably at Kew, and from the observatories in Geneva and Neuchâtel. He collaborated with Henchoz Frères, Golay Fils, Armand Schwob & Frère, Paul Ditisheim, GirardPerregaux, and Patek Philippe, among others. This pocket watch from circa 1899 fitted with a Pellaton one-minute tourbillon was submitted on two occasions to the National Physical Laboratory at Teddington. Its first trial, held in 1894, earned 88.8 points. Five years later, in 1899, it was tested once more and achieved 85.7 marks. The second submission is confirmed by a Statement of Examination dated February 1953.

Baume & Co. London acted as agents for many English and Swiss watch companies. They commissioned this tourbillon, and five others tested at Kew between 1891-1902, from Pellaton, and subsequently submitted it for testing under their own name and serial number. The watch was later sold to S. Smith & Sons, who signed the barrel bridge and cuvette, and commissioned Willis to make the enamel dial prior to retailing it. The present one-minute tourbillon is exceptionally wellpreserved and further accompanied by its fitted leather S. Smith & Sons presentation box. Without a doubt, during the late 19th and early 20th centuries, the finest watches in the world were being produced by British makers, and are now cherished by collectors for their rarity, complexity, and beauty.

SWISS

One-minute Tourbillon, retailed by S. Smith & Son

1086.

SWISS — A very fine and rare and yellow gold openface one-minute tourbillon by Albert Pellaton-Favre keyless pocket watch with detent escapement and presentation box, retailed by S. Smith & Son

瑞士製，十分精細罕有，黃金衝擊式擒縱結構陀飛輪懷錶，備一分鐘陀飛輪，由「S. Smith & Son」銷售，約1899年製。附原裝錶盒 Manufacturer

Swiss

Year

Circa 1899

Movement No. 1899-1 Case No.

103025, No. 1899-1

Material

18K yellow gold

Calibre Manual, spring detent escapement, Albert Pellaton-Favre-type one-minute tourbillon Dimensions 55mm diameter Signed Case, cuvette, dial and movement signed Provenance Sotheby’s, Important Wristwatches, Watches and Clocks, Including the Collection of a Gentleman, Geneva, 17 May 2000, lot 235 Estimate HKD 320,000–640,000 USD 41,000–82,100 Accessories Accompanied by S. Smith & Son fitted leather presentation box and a copy of the Statement of Examination by the National Physical Laboratory of Teddington. Literature Illustrated in Cecil Clutton and George Daniels, Watches, 3rd Edition, 1979, pl. 343a & b. Further illustrated in Reinhard Meis, Das Tourbillon, 1st Edition, 1986, p.156 & 343.

SWISS

One-minute Tourbillon , retailed by S. Smith & Son

1087.

J.R. LOSADA — An impressive and well-preserved yellow gold minute repeating grande and petite sonnerie calendar watch with engraved hunter case and cuvette, made for Luciano de Murrieta

J.R. Losada，精細，黃金大自鳴三問報時獵殼懷錶，備雕花機芯，特為Luciano de Murrieta製造，約1851年製。附鑰匙、錶盒 Manufacturer

J.R. Losada

Year

Circa 1851

Movement No. 2716 Case No. 2716, inside cuvette further engraved “49411” Material

18K yellow gold

Calibre Gilt brass 18”’ three quarter plate 2-train movement with going barrels, duplex escapement, cut bimetallic balance and spiral balance spring, 32 jewels Dimensions 57mm diameter Signed Dial and movement signed Provenance Antiquorum Tokyo, Important Watches, Wristwatches and Clocks Tokyo, 15th December 1989, lot 380 Estimate HKD 80,000–160,000 USD 10,300–20,500 Accessories Accompanied by a numbered 8 winding key and fitted associated presentation box.

José Rodríguez Losada was a renowned Spanish watchmaker established in London in the mid-19th century. His exquisite creations were prized both in England and internationally, notably in Spain and Latin America. The present watch is a fine example of London work for the Spanish market, combining a complex movement with a highly decorated case and dial. The 2-train movement and the repeating work are fully jewelled in screwed in settings, and the silver dial is highlighted in gold around the subsidiary calendar and seconds dials. The 18k case covers, band, cuvette, pendant and bow are intricately engraved with scrolling leaf and flower motifs, a style much admired in South America in the 19th century. The case is London hallmarked for 1851 and is stamped with the case makers initials GH for Gustavus Huegenin who registered his mark in 1842.

As indicated on the cuvette, the present timepiece was made for Luciano de Murrieta, a Peruvian-born Spanish winemaker. He relocated to London with his family in 1824. Before embarking on his winemaking career, Murrieta served in the Spanish army during the First Carlist War, where he befriended Baldomero Espartero, a powerful general and politician who later financed his venture. After his exile in London, he founded the Marqués de Murrieta winery and introduced the Bordeaux technique of aging wine in oak barrels to Rioja in 1852. Shortly thereafter, he exported his first vintage to countries such as Mexico and Cuba, making it the first fine Rioja wine to be distributed internationally. He was later appointed Marqués de Murrieta in the 1870s. Remarkably well-preserved for over 170 years, this timepiece offers a rare opportunity to acquire a lavishly decorated pocket watch once owned by the iconic and historically significant winemaker Luciano de Murrieta.

J.R. LOSADA

1088.

CARTIER — A rare and attractive gold, enamel, rubies and diamond-set rock crystal desk clock with strut and kingfisher feather dial

卡地亞，精細罕有，點翠、黃金、琺瑯、紅寶石及鑽石水晶座鐘，備撐桿，約1925年製 Manufacturer

Cartier

Year

Circa 1925

Case No. 1521, 3037; repeated inside case Material

Rock crystal, gold, enamel, rubies and diamonds

Calibre Manual, jewelled Dimensions 80.5mm height x 65.5mm width Signed Case signed Cartier Provenance Christie’s, Magnificent Jewels, New York, 21 October 1992, lot 685 Estimate HKD 160,000–320,000 USD 20,500–41,000

From the sinuous sensuality of Belle Époque to the sleek geometry of Art Deco, Cartier clocks have long captured imaginations while encapsulating each era’s essence. The 1920s and 30s marked a particularly creative apex for Cartier timepieces, as bold lines, novel materials and oriental influences transformed clocks into modernist treasures. This desk clock with a rock crystal surround and strut from circa 1925 exemplifies the masterful creations of Coüet. Extremely elegant, the present desk clock topped it off with a rare craft to this already stunning piece. Tian-Tsui, is a Chinese craft featuring kingfisher feathers. For 2,000 years, the Chinese have been using the iridescent quality of these blue feathers of the majestic bird as inlay for fine art objects, panels and screens. Its unique electric blue sheen from the bird achieves a vivid colour that no enamel can replicate. An extremely painstaking artisanal technique that demands the most skilled craftsmen,

back in the days Cartier was able to deliver this rare trade in their Parisian workshop. Within a circular dial the artist cleverly uses the linear qualities of the kingfisher feather to create a radiating star-shaped motif with gold filling. The diamond-set arrow hands are further heighten with rubies for legibility. The delicate black enamel chapter ring decorated with gold Roman numeral markers and floral motif (appearing often on Cartier timepieces throughout the 1920s). The rock crystal arched frame is anchored with two cabochon ruby and rose-cut diamond decorations to complement the hands. Well-preserved since its last appearance in the auction market 33 years ago, its notable that the kingfisher feather dial is extremely appealing and presented in wonderful condition.

CARTIER

1089.

CARTIER — An elegant and well-preserved onyx desk clock with strut, guilloché peach enamel dial, yellow gold and diamonds

卡地亞，精細罕有，縞瑪瑙座鐘，備璣鏤桃色琺瑯面盤、撐桿、黃金、鑽石，約1920年製 Manufacturer

Cartier

Year

Circa 1920

Movement No. 154’535 Case No. 502, inside caseback stamped “769” and “535” Material

Onyx, diamonds, yellow gold and enamel

Calibre

Manual, jewelled

Dimensions 74mm height x 74m length x 5mm width Signed Strut signed Cartier Paris Provenance Sotheby’s New York, Magnificent Jewelry, 19th-20th April 1993, lot 385a Estimate HKD 80,000–160,000 USD 10,300–20,500 Literature A similar clock is illustrated in Le Temps de Cartier, Barracca, Negretti and Nencini, p.110.

The Art Deco period was one of the most creative in Cartier’s history. Clocks from the 1920s and 1930s are usually square in shape and incorporate a range of materials, including onyx, nephrite jade, enamel and precious stones. Embodying the opulent style of the Art Deco period, the present clock is a typical Cartier clock from that era. Built with a beautiful square-shaped black onyx frame with chevroned corners, it is further enhanced with rose-cut diamond sunburst motifs. Meanwhile, the enamel hour chapter ring is adorned with gold Roman numerals and spaced by gold floral motifs. This reflects the ancient Chinese philosophy of “round heaven, square earth”, which symbolises a fundamental principle of balance and harmony between the spiritual and material. In contrast to the

black onyx frame, the pale peach-coloured guilloché enamel dial gives out a nice warm glow. Like many examples from the same era, the hands are set with rose-cut diamonds, which gives an opulent touch to the clock. Despite unsigned on the front nor dial, the clock consists of all the features of a Cartier art deco timepiece. Presented in excellent overall condition despite being over a century old, this Art Deco desk clock powered by an 8 day movement exudes timeless elegance and atmospheric charm. Its refined design and enduring functionality make it an ideal centrepiece for a mantel or a distinguished addition to any office setting.

CARTIER

1090.

CARTIER — An elegant, petite and attractive onyx, gold and enamel square-shaped travel dress watch with foldable bow and presentation box

卡地亞，優雅小巧，黑瑪瑙、黃金及珐瑯方形時計，備可折疊錶環，約1925製。附錶盒 Manufacturer

Cartier

Year

Circa 1925

Material

Onyx, gold and enamel

Calibre Manual, lever movement, jewelled Dimensions 40.5mm width Signed Dial signed Cartier France Provenance Sotheby’s, Important Wristwatches, Watches and Clocks, Geneva, 18 November 1997, lot 188 Estimate HKD 64,000–128,000 USD 8,200–16,400 Accessories Accompanied with Cartier presentation box. Literature A similar example is illustrated in Le Temps de Cartier by Jader Barracca, Giampiero Negretti and Franco Nencini, p. 87

In the 1920s, gentlemen radiated an air of sophistication and style, frequently adorned with exquisite dress watches and travel clocks. These timepieces transcended mere accessories, serving as symbols of status and refinement. The dress watch, typically slender and understated, beautifully complemented tailored suits and formal wear, showcasing exceptional craftsmanship and meticulous attention to detail. Meanwhile, travel clocks became indispensable for the discerning traveler, reflecting both their status and a profound appreciation for punctuality. This thoughtfully curated ensemble conveyed not only sophistication but also an adventurous spirit, encapsulating the essence of a dynamic era—the Roaring Twenties. The present one-piece round-edged onyx travel dress watch transports you to a time of elegant gentlemen. Slim, petite, and versatile, it fits perfectly in the palm of your hand. This remarkable timepiece features a clever gold reeded hinged pendant shaped like a black enamel angled trefoil, which folds into a stand, transforming it into a sophisticated travel companion. The guilloché dial, signed Cartier Paris, is adorned with a captivating silver hour ring accented by Roman numerals. Enhanced by oriental-style blued steel hands, the back of the watch showcases a black inlaid gold arabesque design. Stamped with a crisp French eagle hallmark on its bow, this exquisite treasure comes with its red Cartier presentation box and has been discreetly tucked away from the market for 28 years.

CARTIER

1091.

SWISS — A highly rare and attractive pearl-set yellow gold openface quarter repeating musical pocket watch with Empire-styled case, white enamel dial, center seconds, engraved gilt cylinder movement, polychrome enamel painting attributed to Jean Francois Victor Dupont, made for the Chinese Market

In striking contrast to its opulently adorned case, this distinguished timepiece reveals a dial of remarkable restraint. The white enamel surface is punctuated by Roman numerals formed with short, broad strokes, accompanied by a center seconds. This understated aesthetic is emblematic of pocket watches produced in the Empire style. The case, inspired by the whimsical design fashionable in the early nineteenth century, is highly distinctive and replete with charming embellishments. The gold cuvette is exquisitely decorated with polychrome enamel flowers set against a field of opaque powder blue enamel, bearing the inscription “Musique Aiguilles”, denoting its function as a musical watch. Within the cuvette, the case maker’s mark “I.E.” is stamped inside a diamond-shaped cartouche, with the case number engraved beneath. The band is, again, adorned with opaque blue enamel, interspersed with translucent red enamel ovals and green enamel foliage, each motif alternating with lustrous pearls. The rims are enriched with opaque green and red enamel geometric patterns, while the bezels, pendant, and bow are all set with pearls to complete the composition with a flourish of luxury.

Inner Cuvette

SWISS

1091.

瑞士製，罕見、精美，黃金鑲珍珠大八件大三針二問懷錶，備白色琺瑯錶盤、鍍金雕花機芯，可歸為Jean Francois Victor Dupont之彩繪琺瑯作品，特為中國市場製造，約1800年製。 Manufacturer

SWISS

Year

Circa 1800

Case No. 1493 Model Name Musique Aiguilles Material

Yellow gold, pearls and enamel

Calibre Manual, cylinder movement Dimensions 58mm diameter Provenance Sotheby’s New York, Important Watches, Wristwatches and Clocks, 13 June 1994, lot 463 Estimate HKD 200,000–400,000 USD 25,600–51,300

Empire-style watches were often the result of collaboration with eminent enamel painters, among them François Dupont, Richter, Dufaux, L’Evesque, Roux, and Lissignol. While floral motifs, particularly peonies influenced by oriental art and Chinese porcelain, were prevalent, the present example features an evocative polychrome enamel scene. On the back panel, a woman cradling a child is consoled by her husband, who appears poised to embark upon a ship at the pier. The gentleman is attired in vivid, elaborate garments with a feathered hat, suggestive of a nobleman or explorer, while the lady wears robes of yellow and red. The composition, with its finely rendered figures and rich palette, reflects the influence of Italian schools of painting, particularly those active in Tuscany during the nineteenth century or earlier, drawing inspiration from Renaissance masters. This scene exemplifies the pinnacle of Swiss enamel artistry from the early nineteenth century. The colours are delicately chosen, and the surface polish is executed with exceptional finesse. It is customary for such panels to remain unsigned, as most Geneva artists of the period refrained from marking their work. Only three painters—Jean-François Soiron, Jean Louis Richter, and Jean François Victor Dupont—are known to have signed their creations with regularity. The present enamel is most plausibly attributed to Dupont. His style is readily identifiable to the discerning eye: figures are prominently

grouped in the foreground, occupying the majority of the pictorial space, with only minimal background elements rendered in perspective. The narrative unfolds entirely in the foreground, with the figures commanding full attention. These hallmarks are clearly evident in this example. Dupont’s mastery is revealed in the proportions and gestures of his figures, which convey a sense of continuity and vitality. His distinctive approach renders his compositions truly inimitable. Notably, he was among the few artists to employ the lost “pointillé” technique for rendering faces and hands, using a single-bristle brush. This rare and meticulous method further elevates the prestige of the piece. Beneath the richly decorated golden cuvette lies a movement preserved in exceptional condition for over two centuries. It comprises a gilt cylinder mechanism, featuring a three-arm balance, a pinned disc musical complication, and barrels and plates engraved with elegant foliate scrolls. The harmonious union of mechanical sophistication and artistic excellence renders this timepiece a superlative example of horological and decorative craftsmanship.

SWISS

Dial Side

1092.

ILBERY — A highly rare and attractive yellow gold openface Empire-styled pocket watch with double case, white enamel dial, small seconds, fusée and chain duplex escapement and polychrome enamel painting attributed to Jean-Louis Richter, made for the Chinese Market

Ilbery，十分精美罕有，黃金琺瑯小三針雙殼大八件懷錶，備白色琺瑯錶盤、雕花芝麻鏈機芯、雙聯式擒縱、可歸為Jean-Louis Richter之彩繪琺瑯作品，特為中國市場而製，約1810年製 Manufacturer

Ilbery

Year

Circa 1810

Case No. 6536 Material

18K yellow gold and enamel

Calibre Manual, fusée and chain duplex movement Dimensions 55.8mm diameter Signed Movement signed Provenance Christie’s, Important Watches and Wristwatches, Geneva, 16 November, 1994, lot 283 Estimate HKD 200,000–400,000 USD 25,600–51,300

William Ilbery (1760-1839) is a celebrated figure in horology, often referred to as the Father of Montre Chinoise caliber. This British watchmaker played a crucial role in developing timepieces for the Chinese market during a time when England was leading the charge in exporting watches to the Far East. Ilbery skillfully collaborated with talented Swiss artisans for movements and stunning enamel work, capitalizing on the thriving trade relations between Britain and China.

Dial Side

During Ilbery’s peak years from 1790 to 1830, he engaged with renowned enamelists such as Dupont, Richter, and Lissignol. His watch cases were true works of art, often inspired by classical mythology, Swiss landscapes, and themes like Faith, Hope, and Love—though portraits on these watches are quite rare. Highlighted is a stunning example from circa 1810: a remarkable 55.8mm Empire-styled watch, stamped with a crowned leopard’s head hallmark and held in private hands for 28 years. This exquisite piece features a double case; the outer enamelled case can be removed to reveal a gold pocket watch with an engraved fusée and chain duplex escapement. The outer caseback is beautifully adorned with a polychrome enamel scene attributed to J. L. Richter, depicting two ladies and two children at play in a garden. Framed with elegant case embellished with lozenges and florets in black, blue, and red enamel, lending the timepiece an imperial appeal.

Fusée and chain duplex movement

ILBERY

1093.

VOUMARD — A very finely decorated and extremely well-preserved 18K yellow gold and pearl-set open faced pocket watch with Empire-styled case, miniature enamel painting depicting bouquets de Chine, white enamel dial with center seconds, engraved cuvette and movement and duplex escapement, made for the Chinese market

Voumard，「“Bouquets de Chine”」，十分精美罕有， 18K黃金鑲珍珠大八件懷錶，備中國式花束微繪琺瑯、琺瑯錶盤、雙聯式擒縱雕刻機芯，特為中國市場製造，約1830年製。 Manufacturer

Voumard

Year

Circa 1830

Movement No. 928 Case No. 928 Model Name “Bouquets de Chine” Material

18K yellow gold, pearls and enamel

Calibre Manual, duplex escapement Dimensions 57mm diameter Signed Dial signed, case and cuvette numbered, movement numbered and signed Provenance Sotheby’s Geneva, Important Watches, Wristwatches and Clocks, 19 May 1994, lot 135. Estimate HKD 80,000–120,000 USD 10,300–15,400

In Chinese culture, the peony is revered as a symbol of wealth, prosperity and good fortune. Often referred to as the “Queen of Flowers”, it embodies elegance and nobility, reflecting the beauty and grace of the imperial court. The peony’s lush blooms and vibrant colors have made it a favorite in traditional Chinese art and poetry, where it is frequently associated with feminine beauty and romantic love. Additionally, the flower is believed to bring blessings in marriage, making it a popular motif in wedding decorations. Its significance extends beyond aesthetics, as the peony is also thought to ward off evil spirits and attract positive energy, further solidifying its esteemed status in Chinese cultural and spiritual practices. This yellow gold watch by Voumard from Locle, Switzerland, is a rare gem. While many pocket watches are fitted with silver gilt cases, this watch is stamped 18K yellow gold on the inside. Housed in an “Empire” style case, the bezel, pendant, and bow are adorned with large half-pearls, complemented by a sprung gold cuvette. Further enhanced by complementary turquoise and dark blue enamel on the caseband, the gilt movement is richly decorated with engravings and features an escapement jeweled at the center with blue chaton. The Voumard signature is proudly engraved alongside the movement number. A similar piece by Voumard, featuring bouquets de Chine against a turquoise background, was exhibited at the Macau Timepiece Museum in 2019 and is held in a private collection. Remarkably well-preserved for its age, the same movement number is also stamped inside the case and cuvette, remaining crisp and legible. This timepiece, being kept in a collection for over 30 years, represents a significant piece of history in Swiss watchmaking and its influence on Eastern culture.

Dial Side

VOUMARD

“Bouquets de Chine”

1094.

WATTS — A pair of well-preserved gilt metal glass scent flask with watches, fusée and chain verge movements, paste-set hinged bezels, polychrome enamel paintings and white enamel dials

In the second half of the 18th century, the Swiss cantons experienced a period of strong economic growth. Geneva gained international recognition as a leading center for luxury watches and enamel decoration. The imaginative style, often picturesque and at times eccentric, shaped not only the design of elaborate timepieces but also influenced other fashionable items for both men and women. Many of these objects combined elegance with practical function. The variety of decorative accessories favored by watch collectors seemed limitless. Jewel-watches often served more than one purpose and appeared in items with entirely different primary uses. These included cane knobs, lorgnettes, snuff boxes, field glasses, seals, beauty-spot cases, vinaigrettes, and scent bottles. Such creations reflected both technical skill and a taste for ornamental refinement.

On the reverse, each flask bears a painted enamel scene depicting a young lady and two children in a pastoral setting, mirrored in the matching flask. The young lady is collecting fruits with two children, evoking a sense of warmth and companionship. The figures are rendered in soft, harmonious tones, with delicate attention to facial expression and attire. The background features naturalistic elements, enhancing the idyllic atmosphere. One can tell that present piece is apparently inspired by François Boucher or Jean-Honoré Fragonard’s work which often adopted the theme of romanticised rural life. Under the rococo influence in the French court, it was rather popular and common among aristocrats in the late 18th century. Crafts and paintings from that era highlighted beauty, elegancy and dreamlike features and incorporate the aristocrat’s longing for simplicity of the suburban lifestyle.

Under the very intense intellectual atmosphere of the Age of Enlightenment and the profound relationships growing up between the major cities and the neighbouring countries, this phenomenon prevailed in Georgian England as well. The present pair of faceted glass scent flask-form watches are wellpreserved examples from London in that era. They feature a highly dimensional repousse design with floral and scroll motifs on the base, gilt metal beaded decoration surrounding the bezel and screw caps on top. These have given the flasks a lovely rich lustre. Meanwhile, the paste-set bezels are another highlight of the flasks. “Paste-set” refers to artificial gemstones that are meticulously cut and polished, and then set into metal settings to imitate valuable gemstones, like rubies in this case. This is a common jewellery-making technique seen in Georgian era, which can be traced back to the French court in 1724.

Beneath the hinged enamel panels lie the winding holes. Each flask contains a chain fusée verge movement made of gilt brass. This mechanism, widely used by watchmakers of the period, helped regulate the diminishing force of the mainspring as it unwound, thereby improving the accuracy of timekeeping. In contrast to the richly decorated flask, the white enamel dial presents a simple design. It features a Roman numeral hour ring and an Arabic numeral minute track. This layout was chosen to create a clear visual contrast with the gilt beetle and poker hands. This pair of scent flasks offers more than mere functionality; they represent luxurious fashion statements. Each flask features intricate designs, richly embellished with enamel painting and gilt accents on paste-set glass bodies. A watch, embedded in the belly of each flask, highlights the craftsmanship of the 18th century and the seamless blend of personal adornment with practical use. Beyond their utility, these flasks served as symbols of wealth and social standing, reflecting the period’s celebration of refined and sophisticated accessories. Today, they can add a touch of elegance to a vanity or living room, serving as both decorative objects and historical conversation pieces.

WATTS

No. 551

No. 555

1094.

WATTS — A pair of well-preserved gilt metal glass scent flask with watches, fusée and chain verge movements, paste-set hinged bezels, polychrome enamel paintings and white enamel dials

Watts，精美，一套兩枚，鍍金及玻璃香水瓶時計，備芝麻鏈立軸擒縱、琺瑯錶盤、鑲人造寶石可掀式錶圈、彩繪琺瑯，約1780年製。 Manufacturer

Watts

Year

Circa 1780

Movement No.

551 and 555

Material

Glass, metal and enamel

Calibre Manual, gilt brass, verge escapement and chain fusée Dimensions 170mm height Signed Movements signed Provenance Christie’s Geneva, Important Watches and Wristwatches, 14 November 1995, lot 8 Estimate HKD 80,000–160,000 USD 10,300–20,500

No. 551

No. 555

WATTS

No. 551

No. 555

1095.

BOVET — A highly rare and attractive pearl-set gilt-silver openface Empire-styled pocket watch with white enamel dial, center seconds, Jacot duplex escapement, polychrome enamel painting depicting bouquets de Chine, made for the Chinese Market

播喴，「“Bouquets de Chine”」，十分精細及罕有，鍍金銀製鑲珍珠及琺瑯大八件懷錶，備雕花鍍金機芯、Jacot複式擒縱結構，特為中國市場製作，約1830年代製 Manufacturer

Bovet

Year

Circa 1830s

Case No. 318 Model Name

“Bouquets de Chine”

Material

Gilt-silver, pearls and enamel

Dimensions 55mm diameter Signed Case signed Provenance Christie’s Important Watches and Wristwatches, Geneva, 14 November 1995, lot 288 Estimate HKD 64,000–128,000 USD 8,200–16,400

In Chinese culture, flowers are imbued with deep symbolic significance, reflecting the spiritual essence of the people. Each flower carries its own meaning: the lotus embodies purity, the chrysanthemum denotes perseverance, and the plum blossom signifies integrity. The present Bovet signed “播喴” Empire-styled pocket watach showcases a vibrant floral display, celebrating richness of mother nature. This exquisite timepiece features the “Jacot Duplex” or “Chinese Duplex” escapement, a remarkable innovation introduced around 1830 by Charles Edouard Jacot, who traveled between La Chaux-de-Fonds and New York. Renowned for his contributions to escapement design, Jacot’s modified duplex escapement includes a jumping seconds hand, particularly favored in watches tailored for the Chinese market. T.P. Camerer Cuss, in The Country Life Book of Watches, notes that this refined escapement allows for an illusion of precision akin to that of a regulator, achieving a remarkable oscillation rate of 14,400 vibrations per hour, functioning as a triple dead beat escapement derived from the duplex mechanism. Jacot’s ingenuity extended to registering twelve American patents during his time in the United States, enhancing watch construction with designs like the “star wheel duplex” escapement. Given its intricate craftsmanship and historical significance, this timepiece holds considerable collectibility for enthusiasts and connoisseurs alike.

Dial Side

BOVET

“Bouquets de Chine”

1096.

EDOUARD JUVET — A highly rare and attractive pearl-set gilt-silver openface Empire-styled pocket watch with white enamel dial, center seconds, duplex escapement, polychrome enamel hunting scene painting attributed to Pierre-Amédée Champod, made for the Chinese Market

有喴，極為罕見、精美，鍍金銀製鑲珍珠大八件大三針懷錶，備白色琺瑯錶盤、雕花機芯、雙聯式擒縱、可歸為Pierre-Amédée Champod之打獵場景彩繪琺瑯作品，特為中國市場而製，約1830年代製。 Manufacturer

Edouard Juvet

Year

Circa 1830s

Case No. 293 Material

Gilt-silver, pearls and enamel

Calibre Manual, duplex movement Dimensions 57mm diameter Provenance Dr. Crott Auctioneers, Auction 51, 11 November 1995, lot 286 Estimate HKD 40,000–80,000 USD 5,100–10,300

This magnificent Empire‑style pearl‑set pocket watch, likely attributed to Pierre‑Amédée Champod, captures a dramatic hunting scene: Indian hunters confronting a tiger from the back of an elephant. Executed in vivid polychrome enamel, the scene exemplifies the fascination of Qing dynasty elites for depictions of exotic animals and distant lands. Measuring 57 mm and numbered 293, the present piece is dated to the 1830s and preserved in remarkable condition. This example is by the celebrated Juvet horological family, one of the foremost Swiss firms supplying high‑quality enamel timepieces to the Chinese market from the mid‑19th century. Founded by Edouard Juvet (1820–1883), the maison established operations in Fleurier in 1842 before opening branches in Shanghai, Tien‑Tsin, and Saigon. The Juvets achieved such success that in 1873 they registered a Chinese trademark, “You Wei 有喴,” proudly displayed on their timepieces. Rivalled chiefly by Bovet, Juvet timepieces were considered essential acquisitions for local elites, their popularity summed up by a letter from Léo Juvet in 1872 proclaiming, “Our watches sell like salt.” Beneath the golden cuvette lies a superb duplex movement, a technically advanced escapement originally conceived by Robert Hooke around 1700 and later refined by Dutertre, Le Roy, and Thomas Tyrer, who patented its perfected form in 1782. Decorated with scroll‑engraved plates and bridges, and fitted with a five‑armed polished steel balance with ruby endstone, the movement exhibits the mechanical sophistication demanded by the Chinese clientele. Preserved in extraordinary condition for over 165 years, it stands as a vibrant testament to the dialogue between Swiss craftsmanship, European artistry, and Chinese taste in the golden age of decorative enamel watchmaking.

Dial Side

EDOUARD JUVET

1097.

F.P. JOURNE — A highly rare and impressive platinum chronometer wristwatch with dead-beat seconds, power reserve indication, remontoir, guarantee and presentation box

F.P. Journe，「Chronomètre Optimum」型號，十分重要罕有，鉑金腕錶，備恒定動力、跳秒裝置、動力儲存顯示，約2014年製。附原裝證書、錶盒 Manufacturer

F.P. Journe

Year

Circa 2014

Case No. 097-CO Model Name Chronomètre Optimum Material

Platinum

Calibre Manual, cal. 1510, 44 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum F.P. Journe pin buckle Dimensions 40mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 480,000–960,000 USD 61,500–123,000 Accessories Accompanied by F.P. Journe international guarantee stamped F.P. Journe Boutique Hong Kong, dated 15 December 2014, service invoice, product literature, cloth, fitted presentation box and outer packaging.

Initially envisioned as the timepiece designed for FrancoisPaul Journe himself, the Chronomètre Optimum encapsulates the very essence of precision in Journe’s watchmaking ethos. With the intention to concisely deliver the most accurate and sustainable measurement of time, the conception of the original idea began in 2001 and was reworked until it finally reached production in 2012. Like the Souverain, the Optimum is equipped with a doublebarrel layout that operates in parallel. The present model is also fitted with the Tourbillon’s one-second rementoir d’egalité system, which is on display in the aperture on the dial side, and provides a constant force to the escapement, governing the transfer of power between the mainspring and the escapement. Remarkably engineered, the patented, EBHP direct-impulse biaxial escapement is fully functional without the need for oil or any type of lubrication. A gift that keeps on giving, the Chronomètre Optimum is further fitted with a dead-beat seconds, displayed on the reverse of the watch. The present platinum Chronomètre Optimum is framed in a 40mm case, with only a handful of Chronomètre Optimum previously appeared in auction, the present well-preserved example from circa 2014, accompanied by its original accessories, is highly rare.

F.P. JOURNE

Chronomètre Optimum

1098.

F.P. JOURNE — A distinctive and attractive 38mm platinum wristwatch with small seconds, date, power reserve indication, moon phases and guarantee

F.P. Journe，「Octa Lune, Second Generation」，鉑金自動腕錶，備動力儲存、月相、日期顯示，約2007 年製。附原裝證書 Manufacturer

F.P. Journe

Year

Circa 2007

Case No. 225-L Model Name Octa Lune, Second Generation Material

Platinum

Calibre Automatic, cal. 1300.2, 32 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold F.P Journe deployant clasp Dimensions 38mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 480,000–960,000 USD 61,500–123,000 Accessories Accompanied by F.P. Journe guarantee dated 21 June 2007 and slip case.

The Octa Lune is one of the early models of the Octa collection, produced between 2003 and 2015. In the year of its debut, Octa Lune was highly acclaimed by the international expert community and won the ‘Favourite Men’s Watch’ award at the Grand Prix d’Horlogerie de Genève (GPHG). This model remains in production to the present, and the entire production span can be divided into four main generations: First-generation (2003-2004): rhodium-plated brass calibre 1300, 38mm diameter in platinum or 18K pink gold case Second generation (2004-2007): upgraded to 18K pink gold 1300.2 calibre, 38mm or 40mm diameter (Present example) Third Generation (2007- 2015): upgraded to unidirectional winding calibre 1300.3 Fourth generation (2015): dropped the signature “Phases de Lune” inscribed below the moonphase indicator, feature 40mm or 42mm cases while the production of 38mm models was discontinued The present platinum example is fitted with a white gold dial is powered by the self-winding bi-directional rotor calibre 1300-2 in pink gold. Circa 2007, it is probably one of the last secondgeneration examples. Integrated with a straight-line lever escapement and monometallic 4-arm balance with 4 timing weights, the movement is further finish with the brand’s finesse of Côtes de Genève decorations. Accompanied by its original guarantee and slip case, the present Octa Lune in excellent condition epitomizes Journe’s philosophy of technical expertise, design acumen and legibility and is a wonderful opportunity to own an interesting and fine timepiece from one of horology’s greatest artisans. PROPERTY OF A LADY 女士私人收藏

F.P. JOURNE

Octa Lune, 38mm Second Generation

•

1099.

KUDOKE — A “like-new” and attractive limited edition stainless steel wristwatch with hand-engraved “Flakes” dial, 24-hour, day/night indication, 24-hour day/night indication, certificate and presentation box, one of a limited edition of 20 pieces made for Sincere Fine Watches

Kudoke，「Kudoke 2, SHH Edition」型號，十分精美，限量版精鋼腕錶，備手工雕刻錶盤、24小時、日夜顯示，特為新加坡先施錶商限量發行20枚，約2025年製。附原裝證書、錶盒 Manufacturer

Kudoke

Year

Circa 2025

Case No. 0’901 Model Name Kudoke 2, SHH Edition Material

Stainless steel

Calibre Manual, cal. 1-24H, 18 jewels Bracelet/Strap Suede Clasp/Buckle Stainless steel Kudoke pin buckle Dimensions 39mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 50,000–100,000 USD 6,400–12,800 Accessories Accompanied by Kudoke warranty stamped Sincere Haute Horlogerie Singapore, dated 20 June 2025, certificate of accuracy, instruction manual, fitted presentation box and outer packaging.

In 2019, German independent watchmaker Kudoke introduced the Kudoke 2, launching a voyage into dial artistry across a spectrum of colors: silver, black, anthracite, forest green and salmon. The Kudoke 2 SHH Edition is a 20‑piece limited series created exclusively for Sincere Fine Watches Singapore. It brings a distinctive flourish to the Kudoke 2 by introducing, for the very first time, the brand’s hand‑engraved “flakes” dial finish, previously reserved for the Kudoke 3. The dial, rendered in champagne rosé, is alive with hundreds of tiny hand‑engraved divots, each one unique, producing a subtle sparkle and texture that is never repeated. At 12 o’clock, the signature day/night indicator is elevated with deep engraving: a rose‑gold plated sun contrasts with a moon and stars motif, the latter treated with blue lume. Kudoke’s elegant infinity‑shaped hands are similarly lumed in green Super‑Luminova for clarity and balance. Inside beats the cal. 1‑24H, developed with Habring² and inspired by traditional English and German pocket‑watch movements. Its three‑quarter plate is richly decorated with free‑hand engraving, blued screws, and gilt frosting, complemented by modern refinements such as polished bevels. Encased in a discreet 39 mm stainless steel case, this SHH Edition places emphasis on artisanal craft and movement architecture rather than ostentation. Limited to just 20 pieces, the present Kudoke 2 SHH Edition is offered in hardly worn condition with its full set of accessories, including an autograph by founder Stefan Kudoke on the presentation box. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR

重要亞洲私人收藏

THIS LOT IS OFFERED WITHOUT RESERVE

1100.

PARMIGIANI FLEURIER — A fine and striking platinum wristwatch with small seconds, hand-grained grey celadon dial, Certificate of Origin and presentation box

帕瑪強尼，「Toric Petite Seconde」型號 PFC9402010004-300181，精細，鉑金小三針腕錶，備灰青瓷色錶盤，約2024年製。附原裝證書、配件、錶盒 Manufacturer

Parmigiani Fleurier

Year

Circa 2024

Reference No. PFC940-2010004-300181 Movement No. 328’569 Case No. 90’250 Model Name Toric Petite Seconde Material

Platinum

Calibre Manual, cal. PF780, 27 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Parmigiani Fleurier pin buckle Dimensions 40.6mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 150,000–250,000 USD 19,200–32,100 Accessories Accompanied by Parmigiani Fleurier international guarantee stamped Cortina Watch Paragon, Singapore dated 22nd November 2024, additional alligator strap, leather card holder, cloth, fitted presentation box and outer packaging.

In the new Parmigiani Fleurier Toric collection, the brand has intentionally chosen not to reissue or remake the original line, instead preserving several core elements from Michel Parmigiani’s original design. The new Toric line, launched in 2024, pays homage to the 1990s design with its knurled bezel, inspired by Doric columns and incorporating a hint of “torus” geometry. The dial features a slightly concave design and adopts a simplified layout, complete with a new oval logo. The chevé design causes the dial to gently slope to meet the inner edge of the case, echoing the bevel where the sapphire meets the case. A hand-grained texture, inspired by antique marine chronometers and table clocks, adds a refined touch that is cleaner than earlier models. This platinum variant showcases a unique grey celadon dial color, a hue rarely seen in watchmaking. The PF780 manually-wound movement is crafted entirely from 18k pink gold. The two barrels and the balance are visible through the 18k rose gold bridge structure, adorned with Côtes de Fleurier finishing. An elegant reinterpretation of Parmigiani’s signature collection, this watch is in excellent overall condition and comes fitted with a striking green strap that enhances the wearer’s style. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR

重要亞洲私人收藏

1101.

LANG & HEYNE — A well-preserved, refined and supremely elegant stainless steel wristwatch with black dial, small seconds, certificate and presentation box

Lang & Heyne，「Friedrich III」，十分優雅，精鋼小三針腕錶，備黑色錶盤，約2012年製。附原裝證書、錶盒 Manufacturer

Lang & Heyne

Year

Circa 2012

Movement No. FIII-1 Model Name Friedrich III Material

Stainless steel

Calibre Manual, cal. VI, 19 jewels Bracelet/Strap Crocodile Clasp/Buckle Stainless steel Lang & Heyne deployant clasp Dimensions 39mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 63,000–130,000 USD 8,100–16,700 Accessories Accompanied by Lang & Heyne certificate & rating report, signed retail invoice dated 18 July 2012, instruction manual, fitted presentation box and outer packaging.

Those familiar with Lang & Heyne’s collections will recognise the brand’s commitment to weaving historical narratives into its timepieces, with each series named after a ruler from Saxony’s past. The designs are distinctly German, rooted in classical aesthetics that reflect their historical inspiration. The present watch draws from the legacy of Friedrich III, who in 1349 assumed control of Thuringia and Meissen. His pragmatic leadership, marked by the development of public administration and internal policies, laid the groundwork for the region’s future resilience. Introduced at Baselworld in 2013, the Friedrich III model embodies this spirit of clarity and purpose. Its design is understated yet refined, echoing the ruler’s straightforward approach. Offered in various materials, including stainless steel and 18K pink gold, and with dial options such as salmon, blue, silver and black, the collection offers a wide range of appeal. The present example, featuring a stainless steel case and a glossy black dial paired with 18K pink gold spade hands, is a particularly elegant configuration that is no longer in production. The present example numbered 1 was crafted during Marco Lang’s tenure at the company, prior to his departure in 2019, adding further significance to its provenance. It is offered in well-preserved condition, along with its full set of accessories, and is complemented by its original black crocodile strap, which enhances the overall sophistication and harmony of the design. With its historical depth, refined craftsmanship and rare configuration, this timepiece stands as a compelling example of Lang & Heyne’s dedication to tradition and excellence.

1102.

URBAN JÜRGENSEN — A rare and attractive limited edition white gold wristwatch with small seconds, tear drop lugs, applied Breguet numerals, “Salmon” dial, certificate and presentation box, numbered 2 of a limited edition of 20 pieces

Urban Jürgensen，型號1140，精細罕有，限量版白金小三針腕錶，備「Salmon」錶盤、寶璣數字時標，限量發行20枚，編號2號，約2021年製。附原裝證書、錶盒 Manufacturer

Urban Jürgensen

Year

Circa 2021

Reference No. 1140 Movement No. 0’446 & 02/20 Material

18K white gold

Calibre Manual, cal. P4, 23 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Urban Jürgensen deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 250,000–500,000 USD 32,100–64,100 Accessories Accompanied by Urban Jürgensen Certificate of Authenticity dated 1st December 2021 stamped A Watch Co. Ltd, instruction manual, hang tag, fitted presentation box and outer packaging.

Founded in Copenhagen in 1773, Urban Jürgensen is Denmark’s oldest continuously operating watch and clockmaker. The modern iteration of Urban Jürgensen was established in the 1970s, creating wristwatches inspired by the elegant simplicity of mid-century Danish design. This aesthetic is beautifully exemplified in the ref. 1140, showcasing the understated refinement that characterizes Urban Jürgensen. The current offering of the ref. 1140 is grounded in the model’s iconic design, featuring a white gold case and a highly soughtafter salmon dial. This dial distinguishes itself from standard guilloché options with its unique grainy texture, adding an extra layer of depth to its overall aesthetic. The dial retains familiar elements such as domed solid gold Breguet numerals, while the blued steel hands exhibit the signature diamond-polished finish, highlighting the craftsmanship invested throughout. Flawless in execution and captivating in design, the dial and hands blend together with effortless elegance. To the best of our knowledge, the series was originally planned to consist of 20 pieces, but only 2 were produced before the brand Urban Jürgensen & Sønner (UJS) was acquired by the Rosenfield family, which appointed Kari Voutilainen as its leader in late 2021. Only 2 watches were made in this exact configuration, and this watch, numbered 2, is the only piece sold and delivered to Hong Kong. For collectors who appreciate discreet and cultured timepieces, this example, numbered 2 out of a limited edition of 20, is offered in exceptional condition and embodies the ethos of this esteemed watchmaker.

1103.

RICHARD MILLE — An extremely rare and attractive limited edition titanium tonneau-shaped skeletonized wristwatch with center seconds, date, warranty and winding presentation box, numbered 1 of a limited edition of 10 pieces made for the Italian market

Richard Mille，「RM 010」型號RM010 AH Ti，極度罕有，限量版鈦金酒桶形自動鏤空腕錶，備中心秒針、日期顯示，特為義大利市場限量發行10枚，編號1號，約2010年製。附原裝證書、上弦錶盒 Manufacturer

Richard Mille

Year

Circa 2010

Reference No. RM010 AH Ti Movement No. 089’018 Case No. 863, No. 01/10 Model Name RM 010 Material

Titanium

Calibre Automatic, cal. RM-AS7, 32 jewels Bracelet/Strap Velcro Dimensions 39mm width x 48mm length Signed Case, dial and movement signed Estimate HKD 390,000–780,000 USD 50,000–100,000 Accessories Accompanied by Richard Mille warranty stamped Richard Mille Milano Italy, dated 30 January 2010, instruction manual, product literature, leather folio, additional black rubber strap, additional red rubber strap with titanium clasp, fitted winding presentation box and outer packaging.

Unveiled in 2006, the RM010 quickly ascended to icon status, embodying the DNA of the young brand with its bold design and fully skeletonized movement. Crafted by the esteemed manufacturer Vaucher, the caliber shares its base with the movement of the RM011 chronograph. Among its signature traits is the innovative date display: numerals printed on a transparent sapphire disc, aligned within a window at 7 o’clock against a crisp white background. This ingenious detail, combined with the watch’s sculptural aesthetics, underscores Mille’s philosophy of technical creativity married to avant‑garde form. Produced in a variety of metals and editions, the RM010 remains one of the purest expressions of Richard Mille’s ethos and is destined to be remembered as one of the brand’s quintessential creations. The present limited edition example made for the Italian market, offered in excellent overall condition with two additional rubber straps, is crafted in grey titanium with punchy red accents, and is accompanied by its full set of accessories, including a winding presentation box—numbered 1 of 10 pieces only, this is a rare and compelling opportunity for collectors seeking to acquire a handsome Richard Mille timepiece.

1104.

RICHARD MILLE — A rare and attractive titanium rectangular skeletonised wristwatch with date, warranty and presentation box

Richard Mille，「RM016」型號RM016 AH Ti，精細罕有，鈦金長方型自動鏤空腕錶，備日期顯示，約2015 年製。附原裝證書、錶盒 Manufacturer

Richard Mille

Year

Circa 2015

Reference No. RM016 AH Ti Movement No. 096’368 Case No. 862 Model Name RM016 Material

Titanium

Calibre Automatic, cal. RMAS7, 32 jewels Bracelet/Strap Rubber Clasp/Buckle Titanium Richard Mille deployant clasp Dimensions 50mm length x 38mm width Signed Case, dial, movement and clasp signed Estimate HKD 280,000–560,000 USD 35,900–71,800 Accessories Accompanied by Richard Mille warranty stamped Richard Mille Malaysia, dated 15 May 2015, instruction manual, folio, fitted presentation box and outer packaging.

The Richard Mille RM016 represents a stylistic breakthrough within the brand’s universe of highly engineered, avant‑garde watches. Remarkably slim and notably restrained—at least by Mille’s bold standards—the model was, in the founder’s own words, a challenging design exercise, requiring the creation of a rectangular case while still preserving the maison’s instantly recognizable design codes. Though it is a time‑only model with date, the technical sophistication remains uncompromising. Ingeniously, the date display is integrated within the numeral “7,” a subtle yet distinctive detail. Beneath the dial, the mechanical architecture demonstrates Mille’s mastery: skeletonized bridges and baseplate crafted from Grade 5 titanium, and a variable‑geometry rotor. The latter employs two adjustable “wings,” allowing the winding system’s inertia to be fine‑tuned according to the activity level of the wearer—a hallmark of the brand’s pursuit of cutting‑edge functionality. Presented here in titanium and preserved in highly attractive condition with its full set of accessories, the RM016 is one of Richard Mille’s more unusual creations—an elegant and understated expression of the house’s innovative spirit.

1105.

DE BETHUNE — A highly attractive and rare limited edition DLC-coated hardened steel with jumping hour, rotating minutes, floating lugs, certificate and presentation box, numbered 6 of a limited edition of 10 pieces made for the 2015 De Bethune Princely Polo Cup

De Bethune，「Digitale Polo Edition」型號 DB27DPOLO，罕有，限量版DLC 塗層硬化精鋼自動腕錶，備跳時顯示，特為「 2015 De Bethune Princely Polo Cup」限量發行10枚，編號6號，約2022年製 Manufacturer

De Bethune

Year

Circa 2022

Reference No.

DB27DPOLO

Movement No. DB.G.004.023 Case No. 6 Model Name Digitale Polo Edition Material

DLC-coated hardened steel

Calibre Automatic, cal. S233D, 43 jewels Bracelet/Strap Nylon Clasp/Buckle DLC-coated hardened steel De Bethune pin buckle Dimensions 43mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 380,000–620,000 USD 48,700–79,500 Accessories Accompanied by De Bethune certificate stamped The Hour Glass Singapore dated 4th May 2022, instruction manual, travel case and fitted presentation box.

The De Bethune DB27 D Polo Edition is a stunning watch crafted for the thrilling world of polo. Limited to just 10 pieces, this timepiece debuted to celebrate the 2015 De Bethune Princely Polo Cup in Vaduz on August 29th and 30th (the brand’s first ever sponsorship). What sets this watch apart is its incredible durability. The case is made from DLC-coated hardened steel, boasting a jaw-dropping surface hardness of 5,000 Vickers. The steel is polished before it’s coated with diamond-like carbon (DLC), ensuring a robust bond. This means the coating won’t chip or peel, even when faced with the intense impacts typical in polo matches. Plus, the glossy finish makes it a real head-turner. At the center of the case, you’ll find a pink gold medallion featuring hand-engraved polo mallets and a small white gold polo ball, perfectly capturing the essence of the sport. Instead of traditional hands, the DB27 D Polo Edition has a unique jumping hour and a rotating minutes disc. Inside, the watch is powered by the self-winding Calibre S233D movement, which offers a generous 5-day power reserve. The movement features a silicon balance wheel with white gold weights, showcasing De Bethune’s commitment to high-quality craftsmanship and innovative technology. Numbered 6 from the limited edition of just 10 pieces, it’s more than just a watch; it’s a collector’s dream that celebrates the artistry of independent watchmaking. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR

重要亞洲私人收藏

DE BETHUNE

DB27D, Digitale Polo Edition

1106.

FERDINAND BERTHOUD — A unique, “like-new” and highly impressive bronze and titanium chronometer wristwatch with 1-minute tourbillon escapement, fusée-and-chain transmission, constant force regulation, power reserve indication, dial engraved with Fan Zeng’s calligraphy, certificate and presentation box

Ferdinand Berthoud is undoubtedly one of the most esteemed names in watchmaking in the 18th century. Based in Paris, he was appointed Horologist-Mechanic to the French navy by King Louis XV. In 2015, the Ferdinand Berthoud brand was re-established and acquired by Chopard, led by Karl-Friedrich Scheufele and his team, with the goal of honoring the legacy of this remarkable horologist. The present Chronomètre FB 1R is a horological masterpiece that seamlessly combines technical expertise with contemporary design. Heavily inspired by Berthoud’s 18th century Marine Clock, this timepiece features a regulator-type display. The dial showcases three openings: one for the hours (at 2 o’clock), another for the minutes (at 12 o’clock), and a third for the power reserve (at 10 o’clock), while the seconds are indicated by a centrally mounted hand. At the heart of the watch is the FB-T.FC.R-2 caliber, which boasts a pillar-type architecture and notably includes a tourbillon with a direct-drive seconds hand, unlike most other tourbillon cages which rotate 360° every 60 seconds and by fitting a small hand to the revolving cage. The entire movement is powered by a constant force delivered through a fusée-and-chain transmission mechanism, incorporating a satellite differential gear and a Maltese Cross stopwork device. This intricate movement comprises an impressive 1,153 components, including 790 for the chain alone. What sets this watch apart is its bronze case, part of the Edition 1785 which is a series of five unique bronze pieces, each with its own distinct patina. The cases vary in color, with some exhibiting brown tones while others display a rich green. The present watch has an evenly distributed patina, making it particularly charming and attractive.

FERDINAND BERTHOUD

Chronomètre FB 1R – Edition 1785, Unique Piece

1106.

Ferdinand Berthoud，「Chronomètre FB 1R – Edition 1785」型號FB1R.5-3，獨一無二，青銅及鈦金天文台腕錶，備一分鐘陀飛輪、芝麻鏈恆定動力裝置、動力儲存顯示、范曾書法雕刻錶盤，約2018年製。附原裝證書、錶盒、配件 Manufacturer

Ferdinand Berthoud

Year

Circa 2018

Reference No. FB1R.5-3 Movement No. 1/1, 0118 Case No. 1062, Unique Piece Model Name Chronomètre FB 1R – Edition 1785 Material

Bronze and titanium

Calibre Manual, cal. FB-T.FC.R-2, 49 jewels Bracelet/Strap Crocodile Clasp/Buckle Titanium Ferdinand Berthoud pin buckle Dimensions 44mm diameter Signed Case, dial, movement and buckle signed; dial further signed by calligrapher Estimate HKD 800,000–1,600,000 USD 103,000–205,000 Accessories Accompanied by undated Ferdinand Berthoud Certificate of Origin, chronometer certificate, USB, loupe, hang tag, fitted presentation box and outer packaging.

In addition to the bronze case, a striking feature is the calligraphy by renowned Chinese artist Fan Zeng, located at 4 o’clock on the dial. Born in 1938, Fan Zeng is a contemporary master of traditional Chinese painting, celebrated for his skillful integration of landscape, flower-and-bird and figure painting, along with poetry and calligraphy. He even has an art museum in Nantong, China. The Chinese character “福” (fu), meaning “fortune”, “blessing” and “good luck”, encapsulates the ideals of happiness, prosperity and well-being, often symbolizing a positive and desirable state. The Chinese character is further engraved in gold, symbolizing wealth, success and prestige, especially in Chinese culture. This truly unique piece from the Maison of Ferdinand Berthoud comes as a full set with all accompanying accessories, representing a rare opportunity to own a work of art that is both mechanically and artistically exceptional.

FERDINAND BERTHOUD

Chronomètre FB 1R – Edition 1785, Unique Piece

1107.

GREUBEL FORSEY — A remarkable and technical white gold 30 degrees inclined double tourbillon openworked wristwatch with small seconds, power reserve indication, 4-minutes rotation outer tourbillon, 60 seconds inner tourbillon, certificate and presentation box

The Double Tourbillon 30° Technique is, without a doubt, one of the most breathtaking wristwatches from Greubel Forsey. Described by Stephen Forsey as “a theatre, in which the eye is drawn to the highly finished movement,” this stunning piece in white gold has an impressive diameter of 47.5 mm. It’s an openworked marvel, building on the original Double Tourbillon 30° Contemporaine launched back in 2005. To achieve its captivating three-dimensional look, the team crafted an entirely new movement influenced by everything from industrial designs to childhood Meccano sets. The result? A watch that exudes depth and displays its jaw-dropping intricate inner workings. Introduced between 2009 and 2022, this exquisite timepiece is limited to just 188 pieces, each crafted from luxurious materials like white gold, pink gold, platinum, sapphire, titanium, and ceramic. Greubel Forsey’s mission with the Double Tourbillon 30° Technique was crystal clear: they wanted to create a timepiece that allows the wearer to fully appreciate the magic happening inside. And they nailed it! The hand-finishing is simply extraordinary. This watch features two tourbillon cages, with the outer one spinning every four minutes, while the inner cage—tilted at 30 degrees—makes its own revolution in just sixty seconds. This clever design boosts timekeeping accuracy by averaging out any pesky positional errors caused by gravity. You might wonder: does a tourbillon really make a watch more accurate? Well, this beauty proved it does. In 2011, it clinched the Concours International de Chronométrie with an astonishing score of 915 points out of 1000, the highest ever recorded in that competition. Owning the Double Tourbillon 30° Technique is like having a piece of horological art that’s both rare and exciting. It’s a culmination of the expertise and craftsmanship of two of the most talented watchmakers alive today. The Greubel Forsey quality never comprises, its finishing is truly unbelievable and completely hand-finished with utmost attention to details. The caseband is hand finished with micro texts, main plates are frosted with polished bevelling and counter sinks. The central post that supports the hour and minute hands takes an entire week to machine, not including the extensive finishing work that follows. This meticulous handfinishing process is incredibly time-consuming.

GREUBEL FORSEY

Double Tourbillon 30˚ Technique

1107.

Greubel Forsey，「Double Tourbillon 30˚ Technique 」，卓越獨特，白金30度傾斜雙陀飛輪開放式腕錶，備小秒針、動力儲存顯示、4分鐘外陀飛輪、60秒內陀飛輪，約2009年製。附原裝證書、錶盒、 Manufacturer

Greubel Forsey

Year

Circa 2009

Movement No. 44 Case No. 44, 01 871 Model Name Double Tourbillon 30˚ Technique Material

18K white gold

Calibre Manual, cal. GF02 43 jewels Bracelet/Strap Rubber Clasp/Buckle 18K white gold Greubel Forsey deployant clasp Dimensions 47.5mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 1,200,000–2,000,000 USD 154,000–256,000 Accessories Accompanied by undated Greubel Forsey certificate stamped Westime, leather holder, 3 additional straps, fitted presentation lacquered wooden box with outer packaging.

Celebrated as Greubel Forsey’s first fundamental invention, numbered 44 and according to our research the second white gold example to ever surface publicly in the market, this watch represents a major leap forward in watchmaking, taking over four years of dedicated research to perfect. Complete with its certificate and impressive wooden presentation display case, the Double Tourbillon 30° Technique is a stunning blend of tradition and innovation, pushing the boundaries of what a wristwatch can be! PROPERTY OF AN IMPORTANT AUSTRALIAN COLLECTOR 重要澳洲私人收藏

GREUBEL FORSEY

Double Tourbillon 30˚ Technique

1108.

F.P. JOURNE — A “like-new”, lightweight and impressive aluminium chronograph wristwatch with 100th of a second, 20-second, 10-minute registers, bracelet, guarantee and presentation box

F.P. Journe，「Centigraphe Sport」型號，精細獨特，輕量鋁材質計時鏈帶腕錶，備1/100秒、20秒及10分鐘子盤，約2011年製。附原裝證書、錶盒、配件 Manufacturer

F.P. Journe

Year

Circa 2011

Case No. 010-CTS Model Name Centigraphe Sport Material

Aluminium

Calibre Manual, cal. 1506, 50 jewels Bracelet/Strap Aluminium F.P. Journe bracelet, max length 185mm Clasp/Buckle Aluminium F.P. Journe deployant clasp Dimensions 42mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 500,000–1,000,000 USD 64,100–128,000 Accessories Accompanied by F.P. Journe guarantee stamped Montres Journe, Paris and dated 27th July 2011, DVD, instruction manual, cloth, fitted presentation box and outer packaging.

Unveiled in 2011, the F.P. Journe “Line Sport” collection was dedicated to achieving rigorous precision for sports activities. The Centigraphe Sport, in particular, is the first wristwatch ever made entirely of aluminium, a true technical marvel characterized by its patented engineering innovations and an astonishingly lightweight design of only 55 grams. Reflecting Journe’s technical superiority and rigorous quality standards, the timepiece is powered by the in-house manualwound movement caliber 1506, manufactured entirely from aluminium alloy. It provides intricate readings of 100th of a second alongside foudroyante (or lightning) seconds, 20 seconds and 10 minutes. Each subsidiary dial displays the time scale in red, with abbreviations of ‘S’, ‘M’, or ‘PR’ indicating seconds or minutes per revolution. The rocker stop and reset button allow the fingers to remain in the same position, eliminating the need to move back and forth between buttons as on a conventional chronograph. Exclusively produced from 2011 to 2014, this model was later replaced by titanium versions in the lineage which makes aluminium examples even rarer and more collectible. The present example, with serial number 10, is likely the 10th ever produced and is preserved in “like-new” condition. Accompanied by its complete set of original accessories, it represents a delightful marriage of functional ergonomics and high-precision horology, offering a rare opportunity to acquire a milestone watch in the history of F.P. Journe.

F.P. JOURNE

Centigraphe Sport

1109.

PATEK PHILIPPE — A highly attractive and rare platinum split-seconds chronograph wristwatch with black enamel dial, Breguet numerals, Certificate of Origin and presentation box

百達翡麗，型號5370P-001，十分精細罕有，鉑金追針計時腕錶，備黑色琺瑯錶盤、寶璣數字時標，約2019年製。附原裝證書、錶盒、配件 Manufacturer

Patek Philippe

Year

Circa 2019

Reference No. 5370P-001 Movement No. 5’254’368 Case No. 6’295’951 Material

Platinum

Calibre Manual, CHR 29-535 PS, 34 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe deployant clasp Dimensions 41mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 960,000–1,600,000 USD 123,000–205,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Al-Qurum Jewellery L.L.C. Oman, dated 12 May 2019, copy of service invoice, instruction manual, product literature, photograph, leather portfolio, additional crocodile strap, travel pouch, fitted presentation box and outer packaging.

Released in 2015, the Patek Philippe ref. 5370 split-seconds chronograph is considered by many as being one of the most exciting and desirable watches to have left the workshops of the famed Geneva based manufacture in recent years. The beautiful black enamel dial fitted with Breguet numerals is a combination that is and complimented by a 41mm platinum case that ticks all the right notes for the most astute collectors. The movement has nothing to shy from the beauty of the dial. Fully developed in-house, the cal. CHR 29-535 PS features a brand-new isolator that uncouples the split-seconds wheel from the chronograph wheel thus eliminating friction. Furthermore, the brand has developed a system allowing the chronograph and split-seconds hands to perfectly align and ending it with a spectacular finished, with components that have the highest Swiss standard finishing. Made in extremely low numbers, the ref. 5370 is a resolutely modern watch but with hints of vintage in its design. A proud heir to Patek Philippe’s prestigious chronographs of the past, the present reference is destined to become a future classic. The present example is offered in exceptional condition with its Certificate of Origin and presentation box. PROPERTY OF AN IMPORTANT ASIAN COLLECTOR

重要亞洲私人收藏

PATEK PHILIPPE

Ref. 5370P-001

1110.

PATEK PHILIPPE — A very fine and attractive white gold perpetual calendar wristwatch with center seconds, moon phases, leap year, day/night indication, setting pin, additional solid caseback, Certificate of Origin and presentation winding box

百達翡麗，型號5320G-001，白金自動萬年曆腕錶，備夜光錶盤、中心秒針、閏年、月相、日夜顯示，約2018年製。附原裝證書、上弦錶盒、備用底蓋、調整筆、配件 Manufacturer

Patek Philippe

Year

Circa 2018

Reference No. 5320G-001 Movement No.

5’251’924

Case No. 6’203’756 Material

18K white gold

Calibre Automatic, cal. 324 S Q, 29 jewels Bracelet/Strap Leather Clasp/Buckle 18K white gold Patek Philippe deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 240,000–560,000 USD 30,800–71,800 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Wempe, London dated 2nd January 2018, instruction manual, product literature, setting pin, additional solid caseback, hang tag, retail guarantee stamped London date 2 January 2018, leather folio, chargers, fitted presentation winding box and outer packaging.

Introduced at the Baselworld 2017, it features a 40mm white gold case with tiered lugs and a cream lacquer dial that evokes the charm of aged enamel. The layout includes twin apertures for the day and month, a moonphase display with a date window at 6 o’clock, and additional indicators for day/night and leap year. The dial is adorned with luminous white gold Arabic numerals and syringe-style hands, inspired by rare vintage references such as the ref. 1463 and 1591. Inside, the watch is powered by the calibre 324SQ, a self-winding movement with 367 components, finished to the standards of the Patek Philippe Seal. It includes the brand’s Gyromax balance and Spiromax balance spring in Silinvar, offering a power reserve of 35 to 45 hours. While the ref. 5320G is not revolutionary in terms of technical innovation, it stands out for its thoughtful design and nostalgic appeal. It successfully blends modern watchmaking with vintage aesthetics. It is rarely seen in the market as less than 15 examples are known so far. Presented in excellent overall condition with its full set of accessories, the present fresh-to-the-market example is a compelling choice for collectors who appreciate Patek Philippe’s historical depth and refined execution.

PATEK PHILIPPE

Ref. 5320G-001

1111.

PATEK PHILIPPE — An exceptional and rare limited edition platinum chiming wristwatch with jump seconds and minutes, digital jump hour, engraved dial and case, Certificate of Origin, Attestation, commemorative medal and presentation box, one of a limited edition of 175 pieces made for the 175th anniversary of Patek Philippe

PATEK PHILIPPE

Ref. 5275P-001, Chiming Jump Hour

1111.

百達翡麗，「Chiming Jump Hour」型號5275P-001，極度精美罕有，限量版鉑金跳時自鳴腕錶，備時、分、秒三重瞬跳專利功能、整點自鳴報時、雕刻花紋錶盤及錶殼側緣，為紀念百達翡麗175週年限量發行175 枚，約2015年製。附原裝證書、錶盒、紀念幣、配件 Manufacturer

Patek Philippe

Year

Circa 2015

Reference No. 5275P-001 Movement No. 5’251’924 Case No. 6’017’396 Model Name Chiming Jump Hour Material

Platinum

Calibre Manual, cal. 32-650 HGS PS, 75 jewels Bracelet/Strap Leather Clasp/Buckle Platinum Patek Philippe engraved deployant clasp Dimensions 40mm width x 47.5mm length Signed Case, dial, movement and clasp signed Estimate HKD 2,000,000–3,600,000 USD 256,000–462,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Patek Philippe Salon London U.K., dated 23 June 2015, purchase invoice, Attestation, commemorative medal, leather folio with photograph, instruction manual, product literature, leather holder, hang tag, slip case, fitted anniversary presentation box and outer packaging.

In 2014, to mark its 175th anniversary, Patek Philippe unveiled six celebratory limited edition timepieces showcasing the maison’s unrivalled artistry and technical prowess. Foremost among them was the ref. 5275P Chiming Jump Hour, the most intricate and striking creation of the series. The watch draws inspiration from the ref. 3969, issued for the brand’s 150th anniversary in 1989, yet reinterprets the concept with a bold, contemporary presence. Crafted in platinum, the case and dial are richly engraved with a flowing floral scroll motif, which extends seamlessly across the sides and clasp, elevating the otherwise minimalist dial with artistic flourish. At its heart lies the groundbreaking cal. 32‑650 HGS PS, the product of four years of dedicated research and development. This innovative movement advances the hours, minutes, and seconds instantly and in perfect synchrony, rather than in continuous motion. To achieve this, Patek Philippe registered four patents—three for the jumping system and one for isolating the chiming mechanism. The result is both a visual and acoustic marvel, with a crisp, resonant chime precisely aligned to the passing of time.

Measuring 40 mm in diameter and 47.5 mm lug‑to‑lug, the ref. 5275P makes a stronger statement than its commemorative predecessor, while retaining the refinement collectors expect from Patek Philippe. Produced in just 175 pieces, it stands as a rare testament to the maison’s mastery of both technical ingenuity and decorative craft—a pinnacle of fine watchmaking. The present example offered by the original owner in unworn condition is further accompanied by its full set of accessories. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5275P-001, Chiming Jump Hour

1112.

ROLEX — A well-preserved, rare and highly attractive stainless steel chronograph wristwatch with “Paul Newman Musketeer” dial and bracelet

勞力士，「Cosmograph Daytona “Paul Newman Musketeer”」型號6241，極度精細罕有，精鋼計時鏈帶腕錶，備「Paul Newman」錶盤，約1970年製。 Manufacturer

Rolex

Year

Circa 1970

Reference No. 6241 Case No. 2’372’622, “6241” repeated inside caseback Model Name Cosmograph Daytona “Paul Newman Musketeer” Material

Stainless steel

Calibre Manual, cal. 722-1, 17 jewels Bracelet/Strap Stainless steel Rolex Oyster folded bracelet stamped “7835”, endlinks stamped “271”, max length 195mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp stamped “2-70” Dimensions 37mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 780,000–1,600,000 USD 100,000–205,000

The ref. 6241 was produced between 1966 and circa 1970. Scholars estimate that no more than 3,000 examples were manufactured during its brief but significant four-year production run, with only a handful featuring the highly soughtafter “Paul Newman” dials. The present example is blessed with an impressively well-preserved “Paul Newman” dial in the reverse panda colorway, showcasing a black center and a white outer register with a sporty red seconds track. However, this is not the typical “Paul Newman” dial, but the even rarer “Musketeer” variant. Standard Paul Newman dials have a concentric circle pattern (azurage) on the flat subdials, while Musketeer dials feature azurage covering only two-thirds of the surface. The remaining outer sector is smooth and sloped, offering a distinct subdial design that adds a 3D effect to the dial. While “Musketeer” dials are primarily found in early 6262 and 6264 examples between 2.35M and 2.45M serial ranges, the present reference 6241 with 2.37M serial number is part of one of the last batches produced before Rolex fully transitioned to the new references with updated movement calibers.

Delivered in excellent overall condition, the dial is very wellpreserved, with a clearly defined step between the outer track and the main dial. The cherry-red “Daytona” designation is striking against the ebony background, while the round luminous dots are fully intact and have developed a light patina. Another desirable feature of this timepiece is its MK I bezel insert, which is correct for the reference. The importance of the present 6241 cannot be overstated as it represents the conclusion of the reference’s production, where it includes the correct caliber 722-1, along with the matching folded-link 7835 bracelet. The appearance of a rare “Paul Newman Daytona” in such condition is always a delight, making this an exceptional opportunity to acquire one of the most special examples to emerge in recent years. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

ROLEX

Ref. 6241, “Paul Newman Musketeer”

1113.

ROLEX — An extremely early and rare stainless steel chronograph wristwatch with “Double SWISS” dial and bracelet

勞力士，「Cosmograph Daytona」型號6239，早期，精鋼計時鏈帶腕錶，備「Double Swiss」錶盤，約1963 年製 Manufacturer

Rolex

Year

Circa 1963

Reference No. 6239 Case No. 923’378, inside caseback stamped “6238” Model Name Cosmograph Daytona Material

Stainless steel

Calibre Manual, cal. 72B, 17 jewels Bracelet/Strap Stainless steel Rolex riveted bracelet, endlinks “57”, max length 180mm Clasp/Buckle Stainless steel Rolex deployant clasp stamped “1.70” Dimensions 37mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 250,000–500,000 USD 32,100–64,100

The present ref. 6239 features a number of traits that classifies its rarity such as the “Double Swiss” designation at 6 o’ clock. Partly visible and mostly hidden by the case within the production batch, the present example bears a serial number of 923’378, just 2 number away from a similar example that was sold in Phillips Geneva Watch Auction XVIII with case serial 923’375. The double Swiss designation is a rectification done by Rolex as the first Swiss is mostly covered by the case when the dial is mounted, thus prompting the company to add an additional clearly visible “Swiss” designation. The bezel also represents the earliest MK1 iteration with 275 designation and small hashmarks all around. Powered by the calibre 72B that was used during the early part of production, the specimen has ages with a warm layer of patina throughout the dial. Taking a closer look under the loupe, engraved numbers, potentially for inventory purpose, can be spotted behind the lugs. Acquiring such a piece not only represents a connection to horological evolution of chronographs, but also an incredibly rare find produced during the first year of the ref. 6239. PROPERTY OF AN IMPORTANT ITALIAN COLLECTOR

重要意大利私人收藏

ROLEX

Ref. 6239, Double Swiss Daytona

1114.

ROLEX — A fine and attractive white gold chronograph wristwatch with meteorite dial, guarantee and presentation box

勞力士，「Cosmograph Daytona」型號116519，白金自動計時腕錶，備天然隕石錶盤，約2013年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2013

Reference No. 116519 Case No. L41295J7 Model Name Cosmograph Daytona Material

18K white gold

Calibre Automatic, cal. 4130, 44 jewels Bracelet/Strap

Crocodile

Clasp/Buckle 18K white gold Rolex Oyster deployant clasp Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Rolex international guarantee stamped Lücker, Aachen dated 16 July 2013, instruction manual, product literature, hang tag, green cardholder, fitted presentation box and outer packaging.

Rolex has always pioneered new materials in watchmaking. Meteorite dials, made from the Gibeon meteorite that fell in Namibia, are a particular favourite among collectors for their rarity and natural beauty. As the first to use meteorite in a wristwatch, Rolex masterfully incorporates the space-born material into the dials of certain Day-Date, GMT-Master, and Daytona models. Each thin slice of meteorite is uniquely patterned, so no two dials will ever be identical. The meteorite’s surface is gently acid-washed to accentuate its mesmerizing texture. This circa 2013 Daytona ref. 116519 featuring a meteorite dial is offered with its original guarantee. With meteorite supply now extremely limited, demand for these singular timepieces has steadily risen. For the discerning collector, this is a perfect opportunity to acquire one of Rolex’s most desirable and fascinating watches.

1115.

ROLEX — A “new-old-stock” and special stainless steel chronograph wristwatch with Arabic racing dial, bracelet and guarantee

勞力士，「Cosmograph Daytona」型號116520，精細，精鋼自動計時鏈帶腕錶，備白色阿拉伯數字錶盤，約2016年製。附原裝證書 Manufacturer

Rolex

Year

Circa 2016

Reference No. 116520 Case No. 8VG13835 Model Name Cosmograph Daytona Material

Stainless steel

Calibre Automatic, cal. 4130, 44 jewels Bracelet/Strap Stainless steel Rolex Oyster bracelet, max length 195mm Clasp/Buckle Stainless steel Rolex Oyster deployant clasp Dimensions 40mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 220,000–450,000 USD 28,200–57,700 Accessories Accompanied by Rolex guarantee stamped Manoel Bernardes, Brazil dated August 2016, product literature, green cardholder and hang tags.

The Rolex Cosmograph Daytona ref. 116520 is significant for Rolex, marking a pivotal moment in the collection. It was the first model to feature Rolex’s in-house selfwinding chronograph movement, the calibre 4130. Like its predecessors, the stainless steel versions offered a choice of black or white dials. This reference quickly developed a loyal following and continues to be considered one of Rolex’s most iconic and timeless models by collectors. In 2016, Rolex upgraded the steel Daytona models to include a scratch-resistant Cerachrom bezel, making the 116520 series the last group of Daytona references with a steel bezel available to date. The present example, dating from circa 2016, is among the final batches offered by Rolex retailers and is fitted with an exceptionally rare white Arabic racing dial. This dial, originally intended for the white gold reference 116519, may have been a special request from an important client, resulting in its swap onto a stainless steel 116520 example. Retailed by Brazilian retailer Manoel Bernardes, this watch is preserved in “new-old-stock” condition and retains its original factory stickers. Additionally, the presence of an “IPI Brasil” sticker on the caseback confirms that it was originally imported by Rolex into the Brazilian market.

1116.

ROLEX — A rare and unusual white gold chronograph wristwatch with dark mother-of-pearl dial, diamond-set bezel, guarantee and presentation box

勞力士，「Cosmograph Daytona」型號 116589RBR，精細罕有，白金自動計時腕錶，備天然珠母貝錶盤、鑲鑽石錶圈，約2016年製。附原裝證書、錶盒 Manufacturer

Rolex

Year

Circa 2016

Reference No. 116589RBR Case No. 399XU839 Model Name Cosmograph Daytona Material

18K white gold

Calibre Automatic, cal. 4130, 44 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K white gold Rolex Oyster deployant clasp stamped “24650”, “E0” Dimensions 40mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Rolex guarantee stamped Time City Hong Kong Limited dated 27th May 2016, green card holder, instruction manual, product literature and fitted presentation box.

This exceptional Rolex Cosmograph Daytona reference 116589RBR is a stunning example of Rolex’s mastery in combining haute horology with exquisite gem-setting. This model stands out for its bold and luxurious design, further distinguished by its rare and captivating dark motherof-pearl dial. Crafted in 18k white gold, the 40mm bezel is meticulously set with brilliant-cut diamonds, showcasing Rolex’s unparalleled craftsmanship in gem-setting, creating a striking and sophisticated aesthetic. The highlight of this timepiece is its stunning dark mother-ofpearl dial, a deep hue that adds a layer of rarity and elegance to an already exceptional watch. The dial is further enhanced by Roman numerals, ensuring both legibility and retaining the classic design. A true masterpiece of design and engineering, this Cosmograph Daytona is accompanied by its accessories. A watch that is as unique as it is beautiful, destined for the most refined collections.

1117.

ROLEX — A very fine, rare and well-preserved white gold and diamond-set wristwatch with center seconds, day, date, blue gradient diamond-set dial and bracelet

勞力士，「Day-Date」型號18349，非常精細及罕有，白金鑲鑽自動鏈帶腕錶，備藍色漸變鑲鑽錶盤、中心秒針、星期、日期顯示，約1990年製。 Manufacturer

Rolex

Year

Circa 1990

Reference No. 18349 Movement No. 5’671’442 Case No. E255’007, inside caseback stamped “18200” Model Name Day-Date Material

18K white gold and diamonds

Calibre Automatic, cal. 3155, 31 jewels Bracelet/Strap 18K white gold Rolex President bracelet, endlinks stamped “55B”, max length 170mm Clasp/Buckle 18K white gold Rolex concealed folding clasp stamped “8385” and “O12” Dimensions 36mm diameter Signed Case, dial, movement, bracelet and clasp signed Estimate HKD 230,000–390,000 USD 29,500–50,000

In 1988, Rolex introduced the calibre 3155 movement for the Day-Date collection, incorporating a double quick-set function that allows for easy adjustment of both the day and date via the crown. This upgrade significantly enhanced the watch’s practicality. It was first utilized in the Rolex Day-Date references 18200 and 18300. The present example, reference 18349, is notably crafted in white gold and features a stunning factory diamond-set bezel along with a President white gold bracelet. The “4” in the reference number signifies the diamond bezel, while the “9” indicates 18K white gold. Dating from circa 1990 with an “E” serial, this premium specimen boasts an exceptionally well-preserved case with sharp edges. The numbers between the lugs are deep and legible without the need for a loupe, as are the hallmarks beneath the lugs. Additionally, it is beautifully complemented by a rare blue gradient dial adorned with diamond-set indexes, making it a subtle yet elegant choice for any occasion. Lavish and luxurious, this exquisite watch, preserved in excellent condition, will undoubtedly appeal to collectors of timeless, sophisticated wristwatches. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

1118.

JEAN DUNAND — A unique, well-preserved and impressive platinum one-minute flying tourbillon wristwatch with mother-of-pearl and diamond-set orbiting dial, power reserve indication, moon phases, certificate and presentation box

Jean Dunand，「Tourbillon Orbital」型號，獨一無二，精細優雅，鉑金陀飛輪腕錶，備珍珠母貝、鑲鑽繞行錶盤、月相及動力儲存顯示，約2010年製。附原裝證書、配件、調整筆、錶盒 Manufacturer

Jean Dunand

Year

Circa 2010

Movement No. 045 Case No. IO 1901 Model Name Tourbillon Orbital Material

Platinum

Calibre Manual, cal. IO200, 14 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Jean Dunand pin buckle Dimensions 45mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–400,000 USD 25,600–51,300 Accessories Accompanied by Jean Dunand undated certificate stamped Time Concept Holding Limited, instruction manual, loupe, setting pin, gloves, fitted presentation box and outer packaging.

Thierry Oulevay and master watchmaster Christophe Claret founded Jean Dunand, “the quintessence of the niche brand”, in 2003, to honour Swiss artist Jean Dunand (1877-1942), a leading figure of the Art Deco movement in Paris. Designed and constructed by Claret through and through, the Tourbillon Orbital is not only a piece-unique collection, it is also haute horology with an unconventional approach. First, the size is impressive. 45mm in diameter, the model was available in gold and platinum. The architecture of this 215 parts marvel based on rotates, carrying in orbit a one-minute flying tourbillon on a revolving dial. Extremely well-preserved, this unique piece is encased in a hefty platinum case. The dial is incredibly sophisticated embracing the beauty of mother-of-pearl and pavé diamonds. Each marker on the chapter ring is indicated with a diamond and a subtle star-shaped motif. The patented manual calibre IO200 presents a 110 hours powerreserve gauge, visible through an aperture in the caseband indicated by E and F. The moon phases and winding stem are positioned on the back of the watch. Christophe Claret spent two years resolving the challenge of winding and setting a constantly revolving movement and mainspring barrel with an innovative folding key set vertically into the movement’s central axis that both winds the mainspring and sets the time. Truly a masterpiece of high horology fusing exceptional craftsmanship and technical finesse, the present timepiece is a unique piece preserved in excellent condition, and it is complete with its full set of accessories.

JEAN DUNAND

Tourbillon Orbital, Unique Piece

1119.

AUDEMARS PIGUET — An exquisite and highly rare lady’s platinum carillon minute repeating wristwatch with small seconds and guilloché dial

愛彼，「Jules Audemars, Repetition Minutes Carillon」型號，十分精細罕有，鉑金三問報時腕錶，備小秒針、璣鏤錶盤，1998年製。 Manufacturer

Audemars Piguet

Year

1998

Case No. D87’874, No. 1 Model Name Jules Audemars, Repetition Minutes Carillon Material

Platinum

Calibre Manual, cal. 2873, 33 jewels Bracelet/Strap Crocodile Clasp/Buckle Platinum Audemars Piguet pin buckle Dimensions 28mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 200,000–360,000 USD 25,600–46,200 Accessories Delivered with Audemars Piguet digital Extract from the Archives confirming the register date of the present timepiece on 11 May 1998.

The present Jules Audemars Repetition Minutes Carillon is an exceptionally rare creation made especially for ladies. With only a handful of examples appearing on the market in platinum— this exquisite lady’s minute repeater embodies the technical prowess and elegance in complication for which Audemars Piguet is legend. The Lady’s Minute Repeater Carillon is remarkable not only for its complexity but also for its scale: it is the smallest carillon repeater ever made and the most diminutive minute repeater on the market. This achievement required ten years of research and development, resulting in a movement of exceptional density. With roots stretching back to the maison’s long tradition of chiming watches, and building on its first wristwatch minute repeater of 1985, this creation represents the pinnacle of both technical ingenuity and artistic refinement. Unlike conventional repeaters with two hammers and two gongs, this Jules Audemars Lady’s Minute Repeater Carillon enriches the soundscape with a third hammer and gong, elevating the familiar “ding‑dong” into a luminous three‑note harmony—an achievement of rare sophistication in miniature horology. Enscased within a 28mm platinum case with mirror-polished and satin-brushed surfaces, the manual cal. 2873 movement comes vibrantly to life when the minute repeater mechanism is engaged. Offered in attractive overall condition with a clean and melodious tone, the present example awaits an owner who will relish its complexities whilst imbibing a fine vintage. PROPERTY OF A JAPANESE COLLECTOR 日本私人收藏

AUDEMARS PIGUET

Jules Audemars, Repetition Minutes Carillon No.1

1120.

PATEK PHILIPPE — A highly impressive, well-preserved and possibly unique gilt brass and leather solar dome clock, ornamented with gilt brass Bridge Cards

百達翡麗，「“Bridge Cards”」型號725，應為獨一無二、精細罕有，太陽能鍍金銅製及皮革座鐘，備鍍金橋牌雕刻，1965年製。附後補證書 Manufacturer

Patek Philippe

Year

1965

Reference No. 725 Movement No. 873’806 Case No. 1’391 Model Name “Bridge Cards” Material

Gilt brass and leather

Calibre Photoelectric mechanical, cal. 17’”250 Dimensions 220mm overall height Signed Case, dial and movement signed Estimate HKD 500,000–1,000,000 USD 64,100–128,000 Accessories Delivered with Patek Philippe Extract from the Archives confirming its date of manufacture for the present timepiece in 1965 and its subsequent date of sale on 30th November 1966.

First produced in the 1950s, the Patek Philippe Dome Clock is a quintessential and prestigious piece within the manufacture’s lineup. Characterized by its cylindrical form and spherical top, the earliest dome clocks were equipped with a mechanical movement powered by a solar panel. Featuring the Patek Philippe manual caliber 17’”250, a small solar panel at the top of the dome supplies energy to an internal storage device, which in turn powers the mechanical movement. In 1948, Patek Philippe established its Electronic Division to explore photoelectric, electronic, and nuclear timekeeping. This division was responsible for creating the groundbreaking solar clock, the first of its kind. Patek Philippe received a Swiss patent for clocks fitted with photoelectric cells. The innovative idea behind their light-powered horological mechanism involved adding electronic storage—a rechargeable accumulator that provides energy to wind the spring. The photoelectric cells can either store energy electronically in the accumulator or mechanically by winding the spring. Once the mechanism is fully wound, the cells switch to charge the accumulator. The present gilt brass solar-powered dome clock by Patek Philippe is an exceptionally rare and exclusive example from the 1960s. Featuring a Bridge Cards decoration, this dome clock boasts a stunning green leather exterior instead of the usual cloisonné enamel, as confirmed by the Extract from the Archives. The four panels correspond to the four Kings of the suits (hearts, diamonds, spades, and clubs) in bridge cards. Leather clocks are extremely scarce, with only a handful reappearing on the market to date.

PATEK PHILIPPE

Ref. 725, “Bridge Cards”

1121.

PATEK PHILIPPE — A freshly unsealed from double-sealed, incredibly rare and important yellow gold astronomical wristwatch with sky chart, phases and orbit of the moon, time of Meridian passage of Sirius and of the moon, Certificate of Origin and presentation box, Single-factory-sealed

百達翡麗，「Celestial」型號 5102J-001，極度精細罕有，黃金自動天文腕錶，備星空蒼穹圖、月相盈虧、月行軌跡、天狼星中天時間錶盤，約2008年製。附原裝證書、錶盒 — 原廠單封新品，近期從原廠雙封開封 Manufacturer

Patek Philippe

Year

Circa 2008

Reference No. 5102J-001 Movement No. 3’580’063 Case No. 4’442’127 Model Name Celestial Material

18K yellow gold

Calibre Automatic, cal. 240 LU CL, 45 jewels Bracelet/Strap Crocodile Clasp/Buckle 18k yellow gold Patek Philippe pin buckle Dimensions 43mm diameter Signed Case, dial, movement and buckle signed Estimate HKD 1,000,000–2,000,000 USD 128,000–256,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped The Hour Glass (HK) Limited Hong Kong, dated 8 January 2008, instruction manual, product literature, photograph, leather portfolio, hang tag, slip case, fitted winding presentation box and outer packaging.

Unveiled in 2002, the Patek Philippe Celestial stands as one of the most unusual and poetic complications of modern watchmaking that redefined what was possible in haute horlogerie. Inspired by the celestial canopy from the legendary Sky Moon Tourbillon ref. 5002, the Celestial first appeared in platinum, followed by an exclusive two‑year production in yellow gold between 2007 and 2009. Across its dial, the night sky of the Northern Hemisphere slowly rotates counterclockwise, charting the apparent motion of the stars in relation to the meridian passage of Sirius. At the same time, the complication indicates both the meridian passage of the moon and its phases, while two hollowed central hands in white track mean solar hours and minutes on a Roman numeral scale. The present factory single-sealed ref. 5102J was brand new and freshly unsealed from factory double-sealed condition on 4 September 2025 for the purpose of verifying its serial numbers. Its yellow gold case has developed a beautiful patina and adorned along its flanks with finely engraved Calatrava crosses. Known examples in this configuration remain exceedingly rare, with this watch representing only the 25th example to surface publicly.

PATEK PHILIPPE

Ref. 5102J-001, Celestial, Single-factory-sealed

1122.

PATEK PHILIPPE — A very rare and attractive pink gold world time wristwatch with “cloisonné” enamel dial with Certificate of Origin and presentation box, single-sealed

百達翡麗，型號5131R-001，十分精細罕有，玫瑰金自動世界時區腕錶，備掐絲琺瑯歐亞及美洲地圖錶盤，約2015年製。附錶盒、原裝證書、配件 — 單封新品 Manufacturer

Patek Philippe

Year

Circa 2015

Reference No. 5131R-001 Movement No. 5’901’518 Case No. 6’060’415 Model Name World Time Material

18K pink gold

Calibre Automatic, cal. 240HU, 33 jewels Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe deployant clasp Dimensions 39.5mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 600,000–800,000 USD 76,900–103,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Cortina Watch PTE LTD Singapore dated 1st September 2015, envelope, hang tag, product literature, instruction manual, leather folio, slipcase, fitted presentation box and outer packaging.

Released in 2014, the Patek Philippe World Time ref. 5131R-001 features the firm’s highly appreciated cloisonné enamel dial depicting continents of the world map. Patek Philippe has created some of the most important world time timepieces throughout its years, with its first world time wristwatch reference via the coveted ref. 1415 released in the 1940s and the iconic and much appreciated ref. 2523 “Double Crown”. Fast forward to the 21st century, the first contemporary world time reference was launched in 2000 via ref. 5110 to commemorate the new millennium. Six years later, the ref. 5130 was introduced featuring essentially the same caliber though with a larger case size at 39.5mm diameter. The ref. 5131 was launched in four metals including yellow gold, white gold, pink gold and platinum. The present example Patek Philippe World Time ref. 5131R001 features a beautiful cloisonné enamel dial depicting the continents of Asia, Americas and Oceana. Furthermore, the dial still features “Hong Kong” as one of the cities on the city ring, latter models features “Beijing” instead. Not only is this example complete with its full set of accessories, it remains in its singlesealed condition like the day it was born from the manufacture. Absolutely pristine and untouched, this ref. 5131R-001 is ready to touch the wrist of a connoisseur for the first time.

PATEK PHILIPPE

Ref. 5131R-001, World Time

1123.

PATEK PHILIPPE — An unworn, exquisite and highly important pink gold minute repeating world time wristwatch with miniature cloisonné enamel dial, additional solid caseback, Certificate of Origin and presentation box

PATEK PHILIPPE

Ref. 5531R-012, World Time Minute Repeater

1123.

百達翡麗，「World Time Minute Repeater 」型號 5531R-012，罕有精美，玫瑰金自動三問世界時區腕錶，備微繪掐絲琺瑯錶盤，約2022年製。附原裝證書、錶盒、備用底蓋 Manufacturer

Patek Philippe

Year

Circa 2022

Reference No. 5531R-012 Movement No. 5’177’637 Case No. 6’467’242 Model Name World Time Minute Repeater Material

18K pink gold

Calibre

Automatic, cal. R 27 HU, 45 jewels

Bracelet/Strap Crocodile Clasp/Buckle 18K pink gold Patek Philippe deployant clasp Dimensions 40.2mm diameter Signed Case, dial, movement and clasp signed Estimate HKD 5,450,000–9,350,000 USD 699,000–1,200,000 Accessories Accompanied by Patek Philippe Certificate of Origin stamped Oriental Watch Company, Seoul dated 23 February 2022, additional solid caseback, slipcase, leather folio with photographs, instruction manual and product literature, fitted presentation box and outer packaging.

The Patek Philippe Ref. 5531R-012 World Time Minute Repeater is a masterpiece that exemplifies the brand’s commitment to innovation, craftsmanship, and horological excellence. This reference builds upon the legacy of the original 5531R, which debuted in 2017 at the Art of Watches Grand Exhibition in New York. That initial release was a limited edition of ten pieces featuring cloisonné enamel dials depicting the Manhattan skyline. Due to its success, Patek Philippe introduced the model into its regular collection in 2018, with the 5531R-012 showcasing a cloisonné enamel dial of the Lavaux vineyards on the shores of Lake Geneva, a UNESCO World Heritage site. What makes the 5531R-012 truly exceptional is its status as the first wristwatch to combine a minute repeater and world time function in a fully integrated movement. Powered by the automatic calibre R 27 HU, the watch can chime the local time of the city displayed at 12 o’clock on the world time dial, which is an innovation unique to Patek Philippe. Traditional minute repeaters chime the time shown by the main hands, regardless of the world time setting. In contrast, the 5531R-012 synchronises both complications, offering a seamless and accurate auditory representation of local time.

The repeater mechanism itself is also groundbreaking. For the first time in Patek Philippe’s history, the gongs are attached directly to the caseband rather than the movement plate. This design significantly enhances the clarity and richness of the chime, although it requires more intricate adjustment during assembly. The case, crafted in 18K pink gold, measures 40.2mm and features skeletonised lugs and Clous de Paris guilloché engraving along the caseband, repeater slide, and world time pusher. Offered in unworn condition along with its full set of accessories by the original owner, the present example is not just a technical marvel but also a celebration of rare handcrafts. Its cloisonné enamel dial, depicting the tranquil beauty of Lake Geneva, is a testament to the artistry and attention to detail that defines Patek Philippe. With production concluded in 2023, this reference stands as one of the most accomplished and visually captivating grand complications in modern watchmaking. PROPERTY OF THE ORIGINAL OWNER 原物主收藏

PATEK PHILIPPE

Ref. 5531R-012, World Time Minute Repeater

INDEX Lot

Manufacturer

Reference Number

Model Name

888 A. Lange & Söhne 107.027 Cabaret 964 A. Lange & Söhne 110.03 Lange 1 Soirée 875 A. Lange & Söhne 140.032 Zeitwerk 1083 A. Lange & Söhne 142.025 Zeitwerk 1084 A. Lange & Söhne 142.031 Zeitwerk 967 A. Lange & Söhne 145.029 Zeitwerk Striking Time 1085 A. Lange & Söhne 180.026 Richard Lange Perpetual Calendar Terraluna 965 A. Lange & Söhne 182.886 Little Lange 1 Moon Phase 952 A. Lange & Söhne 363.179 Odysseus 923 A. Lange & Söhne 380.028 Saxonia Automatic “Blue series” 815 A. Lange & Söhne 401.031 1815 Chronograph, First Generation 812 A. Lange & Söhne 403.035 Datograph, First Generation 814 A. Lange & Söhne 404.035 Double Split 813 A. Lange & Söhne 410.025 Datograph Perpetual, First Generation 829 A. Lange & Söhne 701.001 Tourbillon Pour Le Mérite 966 A. Lange & Söhne 704.025 Lange 1 Tourbillon 987 Armin Strom ST16-RF.05 Mirrored Force Resonance Water 951 Audemars Piguet 15202BC.OO.1240BC.01 Royal Oak “Jumbo Extra-thin” 905 Audemars Piguet 15202ST.00.1240ST.01.A Royal Oak “Jumbo” 904 Audemars Piguet 15510ST.OO.1320ST.04 Royal Oak Selfwinding “50th Anniversary” 889 Audemars Piguet 25743BA.OO.0000XX.01 Star Wheel 1119 Audemars Piguet 25818PT.OO.D002XX.01 Jules Audemars, Repetition Minutes Carillon 920 Audemars Piguet 25860ST.OO.1110ST.03 Royal Oak Chronograph “Kasparov” 989 Audemars Piguet 25980AI.OO.D003SU.01 Royal Oak Concept Watch (CW1) 1025 Audemars Piguet 26030RO.OO.D001IN.01 Royal Oak Offshore Juan Pablo Montoya Chronograph 1026 Audemars Piguet 26165IO.OO.A002CA.01 Royal Oak Offshore Survivor 919 Audemars Piguet 26315ST.OO.1256ST.01 Royal Oak Chronograph 1024 Audemars Piguet 26331IP.OO.1220IP.01 Royal Oak Chronograph 1082 Audemars Piguet 26512ST.OO.1220ST.01 Royal Oak Tourbillon 928 Audemars Piguet 26715ST.OO.1356ST.02 Royal Oak Chronograph 38 843 Audemars Piguet 35677BA.OO.A002XX.99 1080 Audemars Piguet 5594BA Royal Oak Day Date Moon Phase 1021 Bell & Ross BR03-94 Chrono Ailes Rouges 1071 Blancpain Fifty Fathoms MILSPEC 1 834 Blancpain 2189F-3430-63B Leman Tourbillon Chronographe Flyback Rattrapante 1023 Blancpain 5015-12B30B52A Fifty Fathoms 1095 Bovet “Bouquets de Chine” 857 Bovet BC/DB02.0/00/HK day/1B/00/0 Fleurier and BC/DB02.0/00/HK night/1B/00/0 1038 Breguet 1890 1037 Breguet 3050 Classique Perpetual Calendar 850 Breguet 3356 852 Breguet 3601 849 Breguet 3631 Classique 851 Breguet 5238 Classique Chronographe 838 Breguet 3755BA/0E/2VU 831 Breguet 3755PT/1E/2VU 986 Bulgari BGO 40 S XT Octo Finissimo S “Octo Club Singapore Edition” 1006 Cartier Desk Clock with Strut 1039 Cartier Pocket Watch 1088 Cartier Desk Clock with Strut 1089 Cartier Desk Clock with Strut 1090 Cartier Travel Dress Watch 893 Cartier Mysterieux, 150th Anniversaire Collection Privées de Cartier 894 Cartier Mysterieux, 150th Anniversaire Collection Privées de Cartier 895 Cartier Mysterieux, 150th Anniversaire Collection Privées de Cartier 1033 Cartier 2487 Tonneau Double Fuseau “Macau” 1035 Cartier 2488 Tank Asymétrique 1036 Cartier 2554 Tank à Vis “Wandering Hours” CPCP 948 Cartier 1734D Tank Américaine 945 Cartier 78102 Coussin Bamboo “Jumbo” 946 Cartier A114439 Tank à Guichets CPCP 969 Cartier HPI01480, 4221 Révélation d’une Panthère 968 Cartier W1553751 Rotonde de Cartier Jump Hour 947 Cartier WGTA0193 Tank Cintrée 841 Chopard Pocket Watch 862 Concord Presentation Box 861 Concord Saratoga Splendour Adamas 858 Concord Saratoga Splendour Esmeraude 859 Concord Saratoga Splendour Rubeus 860 Concord Saratoga Splendour Sapphirus 982 Daniel Roth 2187 Tourbillon “Double Face” 1105 De Bethune DB27DPOLO Digitale Polo Edition 944 Dent Pocket Watch 1008 Edouard Juvet Pocket Watch 1096 Edouard Juvet Pocket Watch 906 F.P. Journe ELHT Élégante 48 1108 F.P. Journe Centigraphe Sport 999 F.P. Journe Centigraphe Souverain

Lot

Manufacturer

Reference Number

1041 F.P. Journe 1097 F.P. Journe 874 F.P. Journe 921 F.P. Journe 907 F.P. Journe 983 F.P. Journe 1098 F.P. Journe 911 F.P. Journe 1042 F.P. Journe 953 F.P. Journe 954 F.P. Journe 1106 Ferdinand Berthoud FB1R.5-3 871 Franck Muller 1790 QPTR 886 Franck Muller 7851 CH 1010 Frères Rochat 1009 Georges Rémond & Compagnie 873 Girard Perregaux 99740 877 Glashütte Original 882 Glashütte Original 837 Glashütte Original 49-08-02-02-06 878 Glashütte Original 49-08-06-11-06 879 Glashütte Original 49-08-07-13-06 881 Glashütte Original 49-08-08-06-06 880 Glashütte Original 49-08-09-21-06 1107 Greubel Forsey 910 Grönefeld 985 H. Moser & Cie 6804-0406 1007 Ilbery 1092 Ilbery 1079 IWC 3510 1087 J.R. Losada 1013 Jaeger-LeCoultre 826 Jaeger-LeCoultre 246.1.15, Q3761408 887 Jaeger-LeCoultre 240.2.18, Q3022420 827 Jaeger-LeCoultre 246.1.15, Q3761409 950 Jaeger-LeCoultre 270.2.54 949 Jaeger-LeCoultre 270.3.63 832 Jaeger-LeCoultre 270.6.48, Q2176402 840 Jaeger-LeCoultre 270.6.49 1118 Jean Dunand 984 Krayon C030-02 1099 Kudoke 1101 Lang & Heyne 908 Laurent Ferrier 909 Laurent Ferrier LCF007.AC.CW1 1043 Laurent Ferrier LCF010.AC.E07G.1 922 Naoya Hida & Co. 1027 Panerai PAM01108 890 Parmigiani Fleurier 1100 Parmigiani Fleurier PFC940-2010004-300181 940 Patek Philippe 943 Patek Philippe 892 Patek Philippe 864 Patek Philippe 96 942 Patek Philippe 130 1058 Patek Philippe 130 938 Patek Philippe 407 1063 Patek Philippe 437 941 Patek Philippe 484 1120 Patek Philippe 725 1046 Patek Philippe 928 939 Patek Philippe 1480 1060 Patek Philippe 1480 936 Patek Philippe 1518 937 Patek Philippe 1526 1059 Patek Philippe 1579 1061 Patek Philippe 1588 1062 Patek Philippe 2513 883 Patek Philippe 3589 1047 Patek Philippe 3730 933 Patek Philippe 3796 932 Patek Philippe 3893 1057 Patek Philippe 3960 801 Patek Philippe 3960 1067 Patek Philippe 5032 1050 Patek Philippe 5050 1014 Patek Philippe 2499/100 “MK I” 863 Patek Philippe 2526, Third Series 993 Patek Philippe 2597/1 1069 Patek Philippe 3445 First Series

Model Name Chronomètre à Résonance, “Parking Meter” Chronomètre Optimum Chronomètre Souverain Chronomètre Souverain Chronomètre Souverain “Havana” Chronomètre Souverain Nacre Octa Lune, Second Generation Octa Quantième Perpétuel “Boutique Edition” Octa Réserve de Marche Répétition Souveraine “Black Label” Tourbillon Souverain Chronomètre FB 1R – Edition 1785 Crazy Hours Automaton Singing Birdcage Clock Singing Bird Box Opera Two 1845 Regulator 1845 Meissen “Last Edition” 1965 Singapore Horse & Wagon Mingdragon Purple Mingdragon Blue Mingdragon green Double Tourbillon 30˚ Technique 1941 Principia Streamliner Tourbillon King Arthur and Emmeline Pocket Watch Porsche Design Compass Watch Pocket Watch Atmos Marqueterie “Gustav Klimt” Grand Reverso Email Friedrich Reverso Grande GMT Grand Reverso Email Friedrich Reverso Day-Night Duoface Reverso Night & Day Reverso Platinum Tourbillon Reverso Platinum Number One Tourbillon Orbital Anywhere Kudoke 2, SHH Edition Friedrich III Classic Origin “Hodinkee” Classic Galet Traveller Galet Micro-Rotor NH Type 2C Submersible EcoPangaea Tourbillon GMT “Mike Horn” Meccanica II Toric Petite Seconde Tonneau-shaped Wristwatch First Prize James C. Pellaton One-minuteTourbillon Chronometro Gondolo Calatrava “Sector Dial”

Calatrava “Bridge Cards”

“Anse a Ragno”

Ellipse Golden Ellipse Calatrava Calatrava Officier Calatrava Millenium

Calatrava “The Australian Pink Travel Time” Calatrava

Lot

Manufacturer

1070 955 805 865 866 842 995 868 804 934 912 1056 1054 1055 961 929 1019 998 870 973 1048 972 971 869 828 962 876 901 1034 935 1065 824 885 817 819 816 818 830 872 1121 802 1064 994 867 979 835 1028 1122 1066 913 915 1049 1018 1015 1051 963 916 1000 1111 1110 811 1109 1068 810 898 900 897 899 1123 809 803 914 980 808 806 1020 807 978 1016 1017 821 820 891 1045 981

Patek Philippe 3448 Fourth Series Patek Philippe 3700/1J Patek Philippe 3796SG-001 Patek Philippe 3802/200J-012 Patek Philippe 3802/200R Patek Philippe 3878J-001 Patek Philippe 3878J-001 Patek Philippe 3919J-016 Patek Philippe 3923SR Patek Philippe 3940J, Second Series Patek Philippe 3940P-013 Patek Philippe 3969R Patek Philippe 3970E, Second Series Patek Philippe 3970E, Third Series Patek Philippe 3970EG-018, Third series Patek Philippe 3970ER-028 Patek Philippe 3970R-014, Fourth Series Patek Philippe 3971, Second Series Patek Philippe 3998G-011 Patek Philippe 4291/1 Patek Philippe 4339J Patek Philippe 4897R-001 Patek Philippe 4899/900G-001 Patek Philippe 5000J Patek Philippe 5002P-001 Patek Philippe 5004P-001 Patek Philippe 5015J Patek Philippe 5016P-010 Patek Philippe 5026R Patek Philippe 5040J, First Series Patek Philippe 5055G Patek Philippe 5075G-034 Patek Philippe 5098P-001 Patek Philippe 5100G-001 Patek Philippe 5100J-001 Patek Philippe 5100P-001 Patek Philippe 5100R-001 Patek Philippe 5101P-010 Patek Philippe 5102G-001 Patek Philippe 5102J-001 Patek Philippe 5105P-001 Patek Philippe 5110G Patek Philippe 5110J Patek Philippe 5115J-001 Patek Philippe 5131/1P-001 Patek Philippe 5131G-001 Patek Philippe 5131G-001 Patek Philippe 5131R-001 Patek Philippe 5134G Patek Philippe 5140G-001 Patek Philippe 5146J-010 Patek Philippe 5153G-012 Patek Philippe 5164R-001 Patek Philippe 5167/1A-001 Patek Philippe 5204P-011 Patek Philippe 5208P-001 Patek Philippe 5235G-001 Patek Philippe 5270P-001 Patek Philippe 5275P-001 Patek Philippe 5320G-001 Patek Philippe 5350R-001 Patek Philippe 5370P-001 Patek Philippe 5396G-001 Patek Philippe 5450P-001 Patek Philippe 5500G Patek Philippe 5500J Patek Philippe 5500P Patek Philippe 5500R-001 Patek Philippe 5531R-012 Patek Philippe 5550P-001 Patek Philippe 5565A-001 Patek Philippe 5940G-001 Patek Philippe 5950A-001 Patek Philippe 5970G-001 Patek Philippe 5970P-001 Patek Philippe 5970P-001 Patek Philippe 5970R-001 Patek Philippe 5976/1G-001 Patek Philippe 5990/1A-001 Patek Philippe 5990/1R-001 Patek Philippe 866/48 Patek Philippe 866/54 Patek Philippe 972/1J-001 Paul Gerber 152 Philippe Dufour

Reference Number

Model Name

Lot

“Padellone” Nautilus “Jumbo” Calatrava Calatrava Calatrava, “Clous de Paris” Squelette

855 Piaget 896 Piaget 900 975 Piaget P11446 990 Richard Mille RM25-01 CA 1103 Richard Mille RM010 AH Ti 1104 Richard Mille RM016 AH Ti 884 Robergé 992 Roger Dubuis DBEX1041 1044 Roger Dubuis H40 27 0 1075 Rolex 1655 1003 Rolex 1803 1040 Rolex 3612 959 Rolex 5513 1074 Rolex 5513 1073 Rolex 6239 1113 Rolex 6239 1112 Rolex 6241 957 Rolex 6263 1076 Rolex 6263 958 Rolex 16520 960 Rolex 16520 1053 Rolex 16520 927 Rolex 16622 1117 Rolex 18349 925 Rolex 52509 917 Rolex 114270 924 Rolex 114300 926 Rolex 116264 930 Rolex 116508 931 Rolex 116509 1114 Rolex 116519 1002 Rolex 116520 1115 Rolex 116520 1052 Rolex 116660 976 Rolex 118238 902 Rolex 124300 918 Rolex 126334 903 Rolex 134300 977 Rolex 228206 1116 Rolex 116589RBR 1001 Rolex 6241, repeated inside caseback 956 Rolex 6262, inside caseback stamped “6239” 1072 Rolex 6536/1 988 Romain Gauthier MON00011 1011 Swiss 1086 Swiss 1012 Swiss 1091 Swiss 1077 Tudor 7149/0 856 Ulysse Nardin 136-77-9 825 Ulysse Nardin 139-10 853 Ulysse Nardin 139-70-9 823 Ulysse Nardin 729-20 1078 Universal Genève 885104/02 1102 Urban Jürgensen 1140 991 Urwerk UR-100V 833 Vacheron Constantin 30050/000J-8 839 Vacheron Constantin 30051/000R-8 854 Vacheron Constantin 43050 822 Vacheron Constantin 43050/000J 1081 Vacheron Constantin 46003 1030 Vacheron Constantin 43050/000J-9038 1029 Vacheron Constantin 43050/000P-9038 844 Vacheron Constantin 43060/000J 846 Vacheron Constantin 43060/000J 847 Vacheron Constantin 43060/000J 845 Vacheron Constantin 43060/1 848 Vacheron Constantin 43060-000J 836 Vacheron Constantin 47070/000J 997 Vacheron Constantin 47111/00P-8286 1032 Vacheron Constantin 82172/000R-9808 1031 Vacheron Constantin 86073/000R-B428 996 Vacheron Constantin 91502/000G-7 970 Van Cleef & Arpels 1093 Voumard 1094 Watts 1022 Zenith A384

Calatrava Calatrava

Calatrava

Calatrava Calatrava Haute Joaillerie Calatrava Sky Moon Tourbillon

Calatrava “Macau Handover” Calatrava Calatrava Rare Handcrafts “Goat” Chronometro Gondolo Manta Ray Manta Ray Manta Ray Manta Ray 10 days Tourbillon Celestial Celestial World Time World Time Calatrava World Time World Time World Time World Time Calatrava Travel Time

Aquanaut Travel Time Aquanaut

Regulator Chiming Jump Hour Advanced Research

Advanced Research Pagoda Pagoda Pagoda Pagoda World Time Minute Repeater Advanced Research Calatrava

Nautilus 40th Anniversary Nautilus Travel Time Chronograph Nautilus Travel Time Chronograph “Guerriers Hawaiiens” “Lord Rivers and his friends – J.L. Agasse” Retrograd Simplicity

Manufacturer

Reference Number

Model Name Répétition à Minutes à Carillon Black Tie “Andy Warhol” Tourbillon Chronograph Adventure RM 010 RM016 Repetition Minutes Excalibur Monobalancier Dr. Woo Hommage Condottieri Explorer II “Freccione” MK I Day-Date “Stella” Cellini Submariner Submariner, Maxi MK IV Cosmograph Daytona “Paul Newman” Cosmograph Daytona Cosmograph Daytona “Paul Newman Musketeer” Cosmograph Daytona “Big Red” Cosmograph Daytona Cosmograph Daytona, “4-liner” Cosmograph Daytona Cosmograph Daytona Yacht-Master Day-Date 1908 Explorer Oyster Perpetual 39 Datejust Turn-O-Graph Cosmograph Daytona “John Mayer” Cosmograph Daytona Cosmograph Daytona Cosmograph Daytona “Moonraker” Cosmograph Daytona Deepsea Sea-Dweller Day-Date Oyster Perpetual 41, “Coral” Datejust 41 Oyster Perpetual 41, “Med blue” Day-Date 40 Cosmograph Daytona Cosmograph Daytona “Ricciardi” Cosmograph Daytona “Paul Newman” Submariner “Small Crown” Prestige HMS Natural Titanium Hector’s Departure One-minute Tourbillon “Bouquets de Chine” Musique Aiguilles Oysterdate “Monte Carlo” Chronometer San Marco “Hong Kong Victoria Harbor” Chronometer San Marco, Flying Cloud Chronometer San Marco “Musée” Jungle Jaquemarts Space-Compax MK II UR-100V “T-Rex” Les Complications Tourbillon Les Complicat ions Skeleton Tourbillon 1997 Mercator Mercator 222 Mercator Mercator Audubon Birds of America Band-tailed Pigeon Audubon Birds of America Roseate Spoonbill Audubon Birds of America - Shoveller Duck Audubon Birds of America - Carolina Parrot Audubon Birds of America - Columbia Jay Patrimony Tribute to Great Explorers “Zheng He” Les Historiques Chronograph Traditionelle Métiers d’Art The Legend of The Chinese Zodiac – Year Of The Pig Les Historiques “Jalousie” Tourbillon Colibri “Bouquets de Chine” Glass Flask with Watches Chronomaster Revival Liberty

SALE INFORMATION Auction & Viewing Location G/F, WKCDA Tower, West Kowloon Cultural District, No. 8 Austin Road West, Kowloon, Hong Kong 香港九龍西九文化區柯士甸道西8號西九文化區管理局大樓G/F Auction Session 1, lots 801–901 Friday, 21 November at 2pm Session 2, lots 902–1014 Saturday, 22 November at 2pm Session 3, lots 1015–1123 Sunday, 23 November at 2pm Viewing 15–23 November 10am–7pm Sale Designation When sending in written bids or making enquiries please refer to this sale as HK080425 or The Hong Kong Watch Auction: XXI. Absentee and Telephone Bids Tel +852 2318 2029 Fax +852 2318 2010 bidshongkong@phillips.com Auction License 2013224 Auctioneers Jeremiah Evarts Sarah Krueger Blake Koh Jaime Israni Isabella Proia Henry Highley Rebecca Tooby-Desmond Susanna Brockman Louise Simpson Aurel Bacs Benoit Repellin Marcello de Marco Clara Kessi Tiffany To Jonathan Crockett Thomas Perazzi Danielle So Gertrude Wong Catalogues catalogueswatches@phillips.com HKD400/$50/€35/50CHF +852 2318 2000 Client Accounts clientccountswatches@phillips.com +852 2318 2000 Shipping shippinghk@phillips.com

Video Producer Arthur Touchais atouchais@phillips.com

Deputy Chairman, Watches, Head of Watches, Asia Thomas Perazzi +852 2318 2030 thomasperazzi@phillips.com

Administrator and Sale Coordinator Anne-Victoire Paltzer +1 917 886 7879 apaltzer@phillips.com

International Business Director Myriam Christinaz +41 22 317 8184 mchristinaz@phillips.com

London

Head of Sale, Specialist Gertrude Wong +852 2318 2045 gertrudewong@phillips.com

Regional Director, Business Development Director Nathalie Monbaron +41 22 317 8183 nmonbaron@phillips.com

Watch Department Hong Kong

Specialist Alvin Lau +852 2318 2035 alvinlau@phillips.com Specialist, Perpetual Jonathan Siu +852 2318 2075 jonathansiu@phillips.com Cataloguer Yunyi Xu +852 2318 2074 yunyixu@phillips.com Senior Administrators Stanley Sit +852 2318 2018 stanleysit@phillips.com Sammie Leung +852 2318 2040 sammieleung@phillips.com Geneva Senior Consultants Aurel Bacs +41 22 317 8188 abacs@phillipsbacsrusso.com Livia Russo +41 22 317 8188 lrusso@phillipsbacsrusso.com Executive Assistant & Client Relations at Bacs & Russo Athena Bras +41 22 317 9665 abras@phillipsbacsrusso.com Deputy Chairman, Watches, Head of Watches, Europe & Middle East Alexandre Ghotbi +41 22 317 81 81 aghotbi@phillips.com

Head of Strategic Partnerships & Events, Watches, Europe & Middle East Diana Ortega +41 22 317 8187 dortega@phillips.com Senior Administrator Tina Schmitt +41 22 317 96 67 tschmitt@phillips.com

China

Consultant David Geng +86 130 0321 9769 davidgeng@phillips.com

Senior Shipping Coordinator Frédéric Brugnon +41 79 792 95 41 fbrugnon@phillips.com

Senior International Specialist Zi Yong Ho +65 9820 3837 ziyongho@phillips.com

Shipping Coordinator Tanguy Reboul +41 79 390 64 38 treboul@phillips.com

Senior Specialist Consultant Genki Sakamoto +81 3 6273 4818 gsakamoto@phillips.com

Singapore

Tokyo

Finance & Office Administration Alexia Rinalducci +41 22 317 96 71 arinalducci@phillips.com

Senior Consultant Kaz Fujimoto +81 3 6273 4818 kfujimoto@phillips.com

Watchmaker, Technical Support Nicolas Commergnat info@alliance-geneve.com

Taiwan

Deputy Chairman, Watches, Head of Watches, Americas International Strategy Advisor Paul Boutros +1 212 940 1293 pboutros@phillips.com

Social Media Manager Lucie Delaporte +41 79 537 58 02 ldelaporte@phillips.com

International Business Development Strategist Tadzio Nuno +33 6 82 52 08 23 tnuno@phillips.com

Operations Manager Charles-Henri Gounod +41 79 532 0395 chgounod@phillips.com

Senior International Specialist Marcello de Marco +41 22 317 81 81 mdemarco@phillips.com

Senior Editorial Manager Logan Baker +1 346 445 0068 lbaker@phillips.com

International Business Development Director Pansy Ku +33 1 53 71 77 89 pku@phillips.com

Senior Consultant Daniel Sum +86 139 1717 7394 danielsum@phillips.com

Photographer Jess Hoffman contact@jesshoffman.ch

Head of Digital Strategy Sophie Furley +41 78 806 55 04 sfurley@phillips.com

Paris

Administrator Coline Hoffman chofmann@phillips.com

Head of Sale, Senior International Specialist Tiffany To +41 22 317 96 63 tto@phillips.com

Senior Specialist, Perpetual Gstaad Clement Finet +41 79 173 03 45 cfinet@phillips.com

Global Sales Director, Perpetual Chris Youé +44 777 814 3563 cyoue@phillips.com

New York

Senior International Specialist Doug Escribano +1 212 940 1382 describano@phillips.com Head of Sale, Senior International Specialist Isabella Proia +1 212 940 1285 iproia@phillips.com Consultant Jaclyn Li +1 617 697 5030 jli@phillips.com Business Development Manager Erica Downs +1 212 940 1389 edowns@phillips.com

Deputy Chairwoman, General Manager, Taiwan Cindy Yen +886 963 135 449 cyen@phillips.com Regional Representative Leon Huang +886 2 2758 5505 lhuang@phillips.com Thailand Senior Consultant Rika Dila +66 818 186 878 rikadila@phillips.com Vietnam Consultant Vy Tran +84 708770837 vytran@phillips.com Advisory Board Mohammad Almarzouq, Jean-Claude Biver, Henry Chan, David Chang, Helmut Crott, Gabriel Ho, Ike Honigstock, Grace Huang, Stephen Charles Li, David Lou, TK Mak, Auro Montanari, Jason Singer, Kenneth Wong

PATEK PHILIPPE Perpetual Calendar Chronograph ‘1st Series’ Ref. 5270G-001, circa 2013

PERPETUAL EXCEPTIONAL WATCHES AVAILABLE FOR IMMEDIATE PURCHASE @PHILLIPSPERPETUAL

LONDON

30 BERKELEY SQUARE W1J 6EX MON–FRI 10AM–5PM PERPETUAL@PHILLIPS.COM

HONG KONG

503 PEDDER ARCADE, PEDDER BUILDING 12 PEDDER STREET CENTRAL MON–FRI 10AM–7PM PERPETUALHK@PHILLIPS.COM

Hong Kong Guide for Prospective Buyers: Watches Buying at Auction The following pages are designed to offer you information on how to buy at auction at Phillips. Our staff will be happy to assist you. Conditions of Sale The Conditions of Sale and Authorship Warranty which appear later in this catalogue govern the auction. Bidders are strongly encouraged to read them as they outline the legal relationship among Phillips, the seller and the buyer and describe the terms upon which property is bought at auction. Please be advised that Phillips generally acts as agent for the seller. Bidders should also read the Important Notices immediately following this Guide for Prospective Buyers. Buyer’s Premium Phillips charges the successful bidder a commission, or buyer’s premium, on the hammer price of each lot sold. The buyer’s premium is payable by the buyer as part of the total purchase price at the following rates: 27% of the hammer price up to and including HK$7,500,000, 21% of the portion of the hammer price above HK$7,500,000 up to and including HK$50,000,000 and 14.5% of the portion of the hammer price above HK$50,000,000. The purchase price payable for any lot is the sum of the hammer price plus the buyer’s premium plus and applicable tax and charges. 1 Prior to Auction Catalogue Subscriptions If you would like to purchase a catalogue for this auction or any other Phillips sale, please contact us at +852 2318 2000, +41 22 317 8181, +44 20 7318 4010 or +1 212 940 1240.

Deposit and other conditions to bidding As a condition of allowing you to bid on a lot, including lots designated with the symbol ✱ (“Premium Lots”), Phillips may require you to provide security for the bid in the form of (i) a financial deposit of an amount which Phillips will determine in its sole and absolute discretion; and/or (ii)such financial references, guarantees and/or other security as Phillips may require in its sole discretion. To bid on Premium Lots, you will be required to complete and satisfy Phillips’ Premium Lot pre-registration procedure no later than 24 hours before the start of the auction session in which the Premium Lot will be offered for sale. Upon your completion and satisfaction of Phillips’ Premium Lot pre-registration procedure, we will issue you with a numbered Premium Lot paddle for identification purposes. The auctioneer will only accept bids on Premium Lots made with the Premium Lot paddle. Payment of deposits may be made by wire transfer or credit card acceptable to Phillips for the prospective purchase. If you are not the successful bidder on any Lots and do not owe Phillips or any of our affiliated companies any debt, the deposit will be refunded to you by wire transfer (in the same currency in which you paid the deposit) or credit card refund, as the case may be, the refund will be processed within seven days after the date of the auction. Symbol Key The following key explains the symbols you may see inside this catalogue. 0 Guaranteed Property Lots designated with the symbol O are the subject of a minimum price guarantee. In such cases Phillips has guaranteed to the seller of the lot that regardless of the outcome of the sale the seller shall receive no less than a minimum sum. This guarantee may be provided solely by Phillips or jointly with a third party.

Pre-Sale Estimates Pre-sale estimates are intended as a guide for prospective buyers. Any bid within the high and low estimate range should, in our opinion, offer a chance of success. However, many lots achieve prices below or above the pre-sale estimates. Where ‘Estimate on Request’ appears, please contact the specialist department for further information. It is advisable to contact us closer to the time of the auction as estimates can be subject to revision. Pre-sale estimates do not include the buyer’s premium or any applicable taxes.

♦ Third Party Guarantee Where Phillips has agreed to a minimum price guarantee it assumes the financial risk of a lot failing to sell or selling for less than the minimum price guarantee. Because the sums involved can be significant Phillips may choose to share the burden of that financial risk with a third party. The third party shares the risk by committing in advance of the sale, usually by way of a written bid, to buy the lot for an agreed amount whether or not there are competing bidders for the lot. In this way the third party guarantor assumes the risk of the bidding not reaching the amount of the minimum price guarantee. If there are competing bidders third party guarantors may also bid above any written bid.

Pre-Sale Estimates in US Dollars and Euros Although the sale is conducted in Hong Kong dollars, the pre-sale estimates in the auction catalogues may also be printed in US dollars and/or euros. Since the exchange rate is that at the time of catalogue production and not at the date of auction, you should treat estimates in US dollars or euros as a guide only.

In return for underwriting or sharing this risk Phillips will usually compensate the third party. The compensation may be in the form of a fixed fee or an amount calculated by reference to the hammer price of the lot. If the third party guarantor is the successful bidder they will be required to pay the full hammer price and buyer’s premium and will not be otherwise compensated.

Catalogue Entries Phillips may print in the catalogue entry the history of ownership of the property, as well as the exhibition history and references to the work in art publications. While we are careful in the cataloguing process, provenance, exhibition and literature references may not be exhaustive and in some cases we may intentionally refrain from disclosing the identity of previous owners. Please note that all dimensions of the property set forth in the catalogue entry are approximate.

Disclosure of financial interest by third parties Phillips requires third party guarantors to disclose their financial interest in the lot to anyone whom they are advising. If you are contemplating bidding on a lot which is the subject of a third party guarantee and you are being advised by someone or if you have asked someone to bid on your behalf you should always ask them to confirm whether or not they have a financial interest in the lot.

Condition of Lots Our catalogues include references to condition only in the descriptions of multiple works (e.g. prints). Such references, though, do not amount to a full description of condition. The absence of reference to the condition of a lot in the catalogue entry does not imply that the lot is free from faults or imperfections. Solely as a convenience to clients, Phillips may provide condition reports. In preparing such reports, our specialists assess the condition in a manner appropriate to the estimated value of the property. While condition reports are prepared honestly and carefully, our staff are not professional restorers. We therefore encourage all prospective buyers to inspect the property at the pre-sale exhibitions and recommend, particularly in the case of any lot of significant value, that you retain your own restorer or professional advisor to report to you on the property’s condition prior to bidding. Moreover, condition reports are not exhaustive and may not specify all mechanical replacements or imperfections to the movement, case, dial, pendulum, separate bases(s) or dome. The absence of a condition report or the absence of a reference to damage in the catalogue does not imply that the lot is in good condition, working order or free from restoration or repair. Pre-Auction Viewing Pre-auction viewings are open to the public and free of charge. Our specialists are available to give advice and condition reports at viewings or by appointment.

Δ Property in which Phillips has an Ownership Interest Lots with this symbol indicate that Phillips owns the lot in whole or in part or has an economic interest in the lot equivalent to an ownership interest. • No Reserve Unless indicated by a •, all lots in this catalogue are offered subject to a reserve. A reserve is the confidential value established between Phillips and the seller and below which a lot may not be sold. The reserve for each lot is generally set at a percentage of the low estimate and will not exceed the low pre-sale estimate. Σ Endangered Species Lots with this symbol have been identified at the time of cataloguing as containing endangered or other protected species of wildlife which may be subject to restrictions regarding export or import and which may require permits for export as well as import. Please refer to Paragraph 4 of the Guide for Prospective Buyers and Paragraph 11 of the Conditions of Sale. ✱ Premium Lots Lots with the symbol [*] are Premium Lots. To bid on Premium Lots prospective buyers must complete and satisfy Phillips’ Premium Lot pre-registration procedure no later than 24 hours before the start of the auction session in which the Lot is offered. Premium Lot paddles will be issued to bidders who complete and satisfy the Premium Lot

pre-registration procedure. The Auctioneer will only accept bids from Premium Lot paddles in respect of Premium Lots. Please contact the department organizing the auction for details. ▼ Restricted Importation Lots with this symbol may be subject to importation restriction in the US. Please refer to the Important Notices which appear in this catalogue immediately following this Guide for Prospective Buyers. 2 Bidding in the Sale Bidding at Auction Bids may be executed during the auction in person by paddle, by telephone, online or prior to the sale in writing by absentee bid. Proof of identity in the form of governmentissued identification will be required, as will an original signature. We may also require that you furnish us with a bank reference. By registering and participating in the auction, whether in person, by absentee bid, on the telephone or online, bidders represent, warrant and confirm that (i) unless otherwise expressly agreed in writing with Phillips prior to the auction, they are bidding on their own behalf and not on behalf of anyone else; (ii) they will be paying the purchase price from their own funds; (iii) that their participation in the auction and payment of the purchase price is lawful and shall not breach any applicable sanctions laws; (iv) they are not resident or located in a sanctioned jurisdiction including but not limited to Russia, Belarus, Iran and North Korea; and (v) any bids placed by them , or on their behalf, are not the product of any collusive or other anti-competitive agreement and are not otherwise in breach of any applicable law, Government sanctions and other regulatory measures in force from time to time. Bidding in Person To bid in person, you will need to register for and collect a paddle before the auction begins. New clients are encouraged to register at least 48 hours in advance of a sale to allow sufficient time for us to process your information. All lots sold will be invoiced to the name and address to which the paddle has been registered and invoices cannot be transferred to other names and addresses. Please do not misplace your paddle. In the event you lose it, inform a Phillips staff member immediately. At the end of the auction, please return your paddle to the registration desk. Bidding by Telephone If you cannot attend the auction, you may bid live on the telephone with one of our multilingual staff members. This service must be arranged at least 24 hours in advance of the sale and is available for lots whose low pre-sale estimate is at least HK$8,000. Telephone bids may be recorded. By bidding on the telephone, you consent to the recording of your conversation. We suggest that you leave a maximum bid, excluding the buyer’s premium, which we can execute on your behalf in the event we are unable to reach you by telephone. To arrange a telephone bid please contact the Hong Kong bids department at +852 2318 2029. Online Bidding If you cannot attend the auction in person, you may bid online on our online live bidding platform available on our website at www.phillips.com.The digital saleroom is optimized to run on Google Chrome, Firefox, Opera and Internet Explorer browsers. Clients who wish to run the platform on Safari will need to install Adobe Flash Player. Follow the links to ‘Auctions’ and ‘Digital Saleroom’ and then pre-register by clicking on ‘Register to Bid Live.’ The first time you register you will be required to create an account; thereafter you will only need to register for each sale. You must pre-register at least 24 hours before the start of the auction in order to be approved by our bid department. Please note that corporate firewalls may cause difficulties for online bidders. Absentee Bids If you are unable to attend the auction and cannot participate by telephone, Phillips will be happy to execute written bids on your behalf. A bidding form can be found at the back of this catalogue. This service is free and confidential. Bids must be placed in the currency of the sale. Our staff will attempt to execute an absentee bid at the lowest possible price taking into account the reserve and other bidders. Always indicate a maximum bid, excluding the buyer’s premium. Unlimited bids will not be accepted. Any absentee bid must be received at least 24 hours in advance of the sale. In the event of identical bids, the earliest bid received will take precedence. Employee Bidding Employees of Phillips and our affiliated companies, including the auctioneer, may bid at the auction by placing absentee bids so long as they do not know the reserve when submitting their absentee bids and otherwise comply with our employee bidding procedures.

Bidding Increments Bidding generally opens below the low estimate and advances in increments of up to 10%, subject to the Auctioneer’s discretion. Absentee bids that do not conform to the increments set below may be lowered to the next bidding increment. HK$1,000 to HK$2,000 by HK$100s HK$2,000 to HK$3,000 by HK$200s HK$3,000 to HK$5,000 by HK$200, 500, 800 (i.e., HK$4,200, HK$4,500, HK$4,800) HK$5,000 to HK$10,000 by HK$500s HK$10,000 to HK$20,000 by HK$1,000s HK$20,000 to HK$30,000 by HK$2,000s HK$30,000 to HK$50,000 by HK$2,000, HK$5,000, HK$8,000 HK$50,000 to HK$100,000 by HK$5,000s HK$100,000 to HK$200,000 by HK$10,000s HK$200,000 to HK$300,000 by HK$20,000s HK$300,000 to HK$500,000 by HK$20,000, 50,000, 80,000 (i.e., HK$320,000, HK$350,000, HK$380,000) HK$500,000 to HK$1,000,000 by HK$50,000s Above HK$1,000,000 at the auctioneer’s discretion The auctioneer may vary the increments during the course of the auction at his or her own discretion. 3 The Auction As noted above, the auction is governed by the Conditions of Sale and Authorship Warranty. By registering for the Auction, bidders accept the Conditions of Sale and Authorship Warranty. They may be amended by saleroom addendum or Auctioneer’s announcement. Interested Parties Announcement In situations where a person allowed to bid on a lot has a direct or indirect interest in such lot, such as the beneficiary or executor of an estate selling the lot, a joint owner of the lot or a party providing or participating in a guarantee on the lot, Phillips will make an announcement in the saleroom that interested parties may bid on the lot. Consecutive and Responsive Bidding; No Reserve Lots The auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. The auctioneer may further bid on behalf of the seller up to the amount of the reserve by placing consecutive bids or bids in response to other bidders. If a lot is offered without reserve, unless there are already competing absentee bids, the auctioneer will generally open the bidding at 50% of the lot’s low pre-sale estimate. In the absence of a bid at that level, the auctioneer will proceed backwards at his or her discretion until a bid is recognized and will then advance the bidding from that amount. Absentee bids on no reserve lots will, in the absence of a higher bid, be executed at approximately 50% of the low pre-sale estimate or at the amount of the bid if it is less than 50% of the low pre-sale estimate. If there is no bid whatsoever on a no reserve lot, the auctioneer may deem such lot unsold. 4 After the Auction Payment Buyers are required to pay for purchases immediately following the auction unless other arrangements have been agreed with Phillips in writing in advance of the sale. Payment must be made in Hong Kong dollars by wire transfer, as noted in Paragraph 6 of the Conditions of Sale. Cash and cheques are not accepted. Credit Cards As a courtesy to clients who have bid or bought in Phillips auctions previously, Phillips will accept American Express, Visa, MasterCard, and China Union Pay to pay for invoices of HK$800,000 or less per auction. Collection It is our policy to request proof of identity on collection of a lot. A lot will be released to the buyer or the buyer’s authorized representative when Phillips has received full and cleared payment and we are not owed any other amount by the buyer. After the auction, all lots will be stored externally, please call our shipping department on +852 2318 2000 prior to arranging collection. We will levy removal, interest, storage and handling charges on uncollected lots. Loss or Damage Buyers are reminded that Phillips accepts liability for loss or damage to lots for a maximum of seven days following the auction.

Transport and Shipping As a free service for buyers, Phillips will wrap purchased lots for hand carry only. We do not provide packing, handling or shipping services directly. However, we will coordinate with shipping agents instructed by you in order to facilitate the packing, handling and shipping of property purchased at Phillips. Please refer to Paragraph 7 of the Conditions of Sale for more information. Export and Import Licences Before bidding for any property, prospective bidders are advised to make independent enquiries as to whether a licence is required to export the property from Hong Kong or to import it into another country. It is the buyer’s sole responsibility to comply with all import and export laws and to obtain any necessary licences or permits. The denial of any required licence or permit or any delay in obtaining such documentation will not justify the cancellation of the sale or any delay in making full payment for the lot. Buyers should note that the export of items offered for sale in the Auction to certain countries (including Russia and Belarus) may be prohibited pursuant to Government sanctions and other regulatory measures in force from time to time. Endangered Species Items made of or incorporating plant or animal material, such as coral, crocodile, ivory, whalebone, Brazilian rosewood, rhinoceros horn or tortoiseshell, irrespective of age, percentage or value, may require a licence or certificate prior to exportation and additional licences or certificates upon importation to the US or to any country within or outside the European Union (EU). Please note that the ability to obtain an export licence or certificate does not ensure the ability to obtain an import licence or certificate in another country, and vice versa. We suggest that prospective bidders check with their own government regarding wildlife import requirements prior to placing a bid. It is the buyer’s sole responsibility to obtain any necessary export or import licences or certificates as well as any other required documentation. Please note that the US prohibits the importation of any item containing African elephant ivory. Asian elephant ivory may be imported in to the US only if accompanied by independent scientific analysis regarding continent of origin and confirmation the object is more than 100 years old. We have not obtained a scientific analysis on any lot prior to sale and cannot indicate whether elephant ivory in a particular lot is African or Asian elephant. Buyers purchase these lots at their own risk and will be responsible for the costs of obtaining any scientific analysis or other report required in connection with their proposed import of such property into the US. With regard to any item containing endangered species other than elephant ivory, an importer into the US must provide documented evidence of the species identification and age of an object in order to demonstrate that the object qualifies as an antique. This will require the buyer to obtain an independent appraisal certifying the species of endangered material on the object and certifying that the object is not less than 100 years of age. A prospective buyer planning to import an object into the US may not rely on Phillips cataloguing to establish the species of endangered material on the object or to establish the age of the object and must consult with a qualified independent appraiser prior to placing a bid on the lot. Please note that lots containing potentially regulated plant or animal material are marked as a convenience to our clients, but Phillips does not accept liability for errors or for failing to mark lots containing protected or regulated species. Privacy Our Privacy Policy is available at www.phillips.com or by emailing dataprotection@ phillips.com and sets out: (i) the types of personal data we will or may collect and process; (ii) the purposes for which we will or may process your personal data; (iii) the lawful bases we rely on when processing your personal data; (iv) your rights in respect of our processing of your personal data; and (v) various other information as required by applicable laws. Phillips premises, sale, and exhibition venues are subject to CCTV video surveillance and recording for security, client service and bid monitoring purposes. Phillips’ auctions will be filmed for simultaneous live broadcast on Phillips’ and third party websites and applications. Your communications with Phillips, including by phone and online (e.g. phone and on-line bidding) may be recorded for security, client service and bid monitoring purposes. Where we record such information we will process it in accordance with our Privacy Policy.

Important Notices Condition Phillips makes no representation or warranty that any watch or clock is in working order, and no catalogue description of any lot should be construed as so stating. Prospective buyers are advised to have watches and clocks checked by a competent watchmaker or watch or clock restorer before use. As a service to prospective buyers, we may provide a description of the condition of watches and clocks in the catalogue entry, including references to defects and repairs, and furnish a condition report, but such information is not necessarily complete and may not specify all mechanical replacements, restorations or defects. Please note that Phillips does not guarantee the authenticity of any individual components parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since prior repairs and restoration work may have resulted in the replacement of original parts. Nor does Phillips warrant that watches in water-resistant cases are currently water-resistant. Prospective buyers should inspect all watches and clocks prior to the auction to evaluate the condition of property offered for sale. Exportation of Watch Bands Incorporating Material from Endangered Species Some of the watches offered for sale in the catalogue may have bands made of endangered or protected animal materials, such as alligator or crocodile, and may not lawfully be exported from the auction site without a CITES export permit. As explained in Paragraph 1 & 4 of the Guide for Prospective Buyers, these lots are marked with Σ in the catalogue. Accordingly, for purchased watches that are to be shipped out of the sale site for delivery, Phillips may need to remove and retain the band before shipping the watch and buckle. Importation of Watches Into the United States Prospective buyers should be aware that the importation of luxury watches into the United States may be restricted. These watches may not be shipped into the US and may only be imported personally. US customs regulations may limit the importation of luxury watches to one per buyer. Lots marked with ▼ are subject to these restrictions. A purchaser’s inability to import a luxury watch into the United States or Phillips’s failure to mark a lot with ▼ shall not constitute grounds for non- payment or cancellation of the sale. Authenticity Certificates Certain manufacturers do not issue certificates of authenticity, and Phillips has no obligation to furnish a buyer with a certificate of authenticity from the manufacturer, except when specifically noted in the catalogue. Unless Phillips is satisfied that we should cancel the sale in accordance with the Authorship Warranty provided in the Conditions of Sale, the failure of a manufacturer to issue a certificate will not constitute grounds for cancellation of the sale. Premium Lots To bid on Premium Lots marked in the catalogue with the symbol *, prospective buyers must complete and satisfy Phillips’ Premium Lot pre-registration procedure no later than 24 hours before the start of the auction session in which the Lot is offered for sale. Premium Lot paddles will be issued to bidders who complete and satisfy the Premium Lot pre-registration procedure. The Auctioneer will only accept bids from Premium Lot paddles in respect of Premium Lots. For details, please contact the department organising the auction or the Client Services Department at +852 2318 2000.

Hong Kong Conditions of Sale: Watches The Conditions of Sale and Authorship Warranty set out below govern the relationship between bidders and buyers, on the one hand, and Phillips Fine Watches Limited registered in Hong Kong under business registration number 63695238 (“Phillips”) and sellers, on the other hand. All prospective buyers should read these Conditions of Sale, the Important Notices immediately following the Guide for Prospective Buyers and the Authorship Warranty carefully before bidding. 1 Introduction Each lot in this catalogue is offered for sale and sold subject to: (a) the Conditions of Sale and Authorship Warranty; (b) additional notices and terms printed in other places in this catalogue, including the Guide for Prospective Buyers and Important Notices and (c) supplements to this catalogue or other written material posted by Phillips in the saleroom, in each case as amended by any addendum or announcement by the auctioneer prior to the auction. By bidding at the auction, whether in person, through an agent, by written bid, by telephone bid or other means, bidders and buyers agree to be bound by these Conditions of Sale, as so changed or supplemented, and Authorship Warranty. These Conditions of Sale, as so changed or supplemented, and Authorship Warranty contain all the terms on which Phillips and the seller contract with the buyer. 2 Phillips as Agent Phillips acts as an agent for the seller, unless otherwise indicated in this catalogue or at the time of auction. On occasion, Phillips may own a lot directly, in which case we will act in a principal capacity as a consignor, or a company affiliated with Phillips may own a lot, in which case we will act as agent for that company, or Phillips or an affiliated company may have a legal, beneficial or financial interest in a lot as a secured creditor or otherwise. 3 Catalogue Descriptions and Condition of Property Lots are sold subject to the Authorship Warranty, as described in the catalogue (unless such description is changed or supplemented, as provided in Paragraph 1 above) and in the condition that they are in at the time of the sale on the following basis. (a) The knowledge of Phillips in relation to each lot is partially dependent on information provided to us by the seller, and Phillips is not able to and does not carry out exhaustive due diligence on each lot. Prospective buyers acknowledge this fact and accept responsibility for carrying out inspections and investigations to satisfy themselves as to the lots in which they may be interested. Notwithstanding the foregoing, we shall exercise such reasonable care when making express statements in catalogue descriptions or condition reports as is consistent with our role as auctioneer of lots in this sale and in light of (i) the information provided to us by the seller, (ii) scholarship and technical knowledge and (iii) the generally accepted opinions of relevant experts, in each case at the time any such express statement is made. (b) Each lot offered for sale at Phillips is available for inspection by prospective buyers prior to the auction. Phillips accepts bids on lots on the basis that bidders (and independent experts on their behalf, to the extent appropriate given the nature and value of the lot and the bidder’s own expertise) have fully inspected the lot prior to bidding and have satisfied themselves as to both the condition of the lot and the accuracy of its description. (c) Prospective buyers acknowledge that many lots are of an age and type which means that they are not in perfect condition. As a courtesy to clients, Phillips may prepare and provide condition reports to assist prospective buyers when they are inspecting lots. Catalogue descriptions and condition reports may make reference to particular imperfections of a lot, but bidders should note that lots may have other faults not expressly referred to in the catalogue or condition report. All dimensions are approximate. Illustrations are for identification purposes only and cannot be used as precise indications of size or to convey full information as to the actual condition of lots. (d) Information provided to prospective buyers in respect of any lot, including any pre-sale estimate, whether written or oral, and information in any catalogue, condition or other report, commentary or valuation, is not a representation of fact but rather a statement of opinion held by Phillips. Any pre-sale estimate may not be relied on as a prediction of the selling price or value of the lot and may be revised from time to time by Phillips at our absolute discretion. Neither Phillips nor any of our affiliated companies shall be liable for any difference between the pre-sale estimates for any lot and the actual price achieved at auction or upon resale.

4 Bidding at Auction (a) Phillips has absolute discretion to refuse admission to the auction or participation in the sale. All bidders must register for a paddle prior to bidding, supplying such information and references as required by Phillips. (b) As a convenience to bidders who cannot attend the auction in person, Phillips may, if so instructed by the bidder, execute written absentee bids on a bidder’s behalf. Absentee bidders are required to submit bids on the ‘Absentee Bid Form’, a copy of which is printed in this catalogue or otherwise available from Phillips. Bids must be placed in the currency of the sale. The bidder must clearly indicate the maximum amount he or she intends to bid, excluding the buyer’s premium. The auctioneer will not accept an instruction to execute an absentee bid which does not indicate such maximum bid. Our staff will attempt to execute an absentee bid at the lowest possible price taking into account the reserve and other bidders. Any absentee bid must be received at least 24 hours in advance of the sale. In the event of identical bids, the earliest bid received will take precedence. (c) Telephone bidders are required to submit bids on the ‘Telephone Bid Form’, a copy of which is printed in this catalogue or otherwise available from Phillips. Telephone bidding is available for lots whose low pre-sale estimate is at least HK$8,000. Phillips reserves the right to require written confirmation of a successful bid from a telephone bidder by fax or otherwise immediately after such bid is accepted by the auctioneer. Telephone bids may be recorded and, by bidding on the telephone, a bidder consents to the recording of the conversation. (d) Bidders may participate in an auction by bidding online through Phillips’s online live bidding platform available on our website at www.phillips.com. To bid online, bidders must register online at least 24 hours before the start of the auction. Online bidding is subject to approval by Phillips’s bid department in our sole discretion. As noted in Paragraph 3 above, Phillips encourages online bidders to inspect prior to the auction any lot(s) on which they may bid, and condition reports are available upon request. Bidding in a live auction can progress quickly. To ensure that online bidders are not placed at a disadvantage when bidding against bidders in the room or on the telephone, the procedure for placing bids through Phillips’s online bidding platform is a one-step process. By clicking the bid button on the computer screen, a bidder submits a bid. Online bidders acknowledge and agree that bids so submitted are final and may not under any circumstances be amended or retracted. During a live auction, when bids other than online bids are placed, they will be displayed on the online bidder’s computer screen as ‘floor’ bids. ‘Floor’ bids include bids made by the auctioneer to protect the reserve. In the event that an online bid and a ‘floor’ or ‘phone’ bid are identical, the ‘floor’ bid may take precedence at the auctioneer’s discretion. The next bidding increment is shown for the convenience of online bidders in the bid button. The bidding increment available to online bidders may vary from the next bid actually taken by the auctioneer, as the auctioneer may deviate from Phillips’s standard increments at any time at his or her discretion, but an online bidder may only place a bid in a whole bidding increment. Phillips’s bidding increments are published in the Guide for Prospective Buyers. (e) When making a bid, whether in person, by absentee bid, on the telephone or online, a bidder accepts personal liability to pay the purchase price, as described more fully in Paragraph 6 (a) below, plus all other applicable charges. (f) By registering and participating in the auction, whether in person, by absentee bid, on the telephone or online, bidders represent, warrant and confirm that (i) unless otherwise expressly agreed in writing with Phillips prior to the auction, they are bidding on their own behalf and not on behalf of anyone else; (ii) they will be paying the purchase price from their own funds; (iii) that their participation in the auction and payment of the purchase price is lawful and shall not breach any applicable sanctions laws; (iv) they are not resident or located in a sanctioned jurisdiction including but not limited to Russia, Belarus, Iran and North Korea; and (v) any bids placed by them, or on their behalf, are not the product of any collusive or other anti-competitive agreement and are not otherwise in breach of any applicable law, Government sanctions and other regulatory measures in force from time to time. (g) Arranging absentee, telephone and online bids is a free service provided by Phillips to prospective buyers. While we undertake to exercise reasonable care in undertaking such activity, we cannot accept liability for failure to execute such bids except where such failure is caused by our willful misconduct. (h) ✱ Premium Lots Lots with the symbol [*] are Premium Lots. To bid on Premium Lots prospective buyers must complete and satisfy Phillips’ Premium Lot pre-registration procedure no later than 24 hours before the start of the auction session in which the Lot is offered. Premium Lot paddles will be issued to bidders who complete and satisfy the Premium Lot pre-registration procedure. The Auctioneer will only accept bids from Premium Lot paddles in respect of Premium Lots. Please contact the department organizing the auction for further details.

(i) Employees of Phillips and our affiliated companies, including the auctioneer, may bid at the auction by placing absentee bids so long as they do not know the reserve when submitting their absentee bids and otherwise comply with our employee bidding procedures. 5 Conduct of the Auction (a) Unless otherwise indicated by the symbol •, each lot is offered subject to a reserve, which is the confidential minimum selling price agreed by Phillips with the seller. The reserve will not exceed the low pre-sale estimate at the time of the auction. (b) The auctioneer has discretion at any time to refuse any bid, withdraw any lot, re-offer a lot for sale (including after the fall of the hammer) if he or she believes there may be error or dispute and take such other action as he or she deems reasonably appropriate. Phillips shall have no liability whatsoever for any such action taken by the auctioneer. If any dispute arises after the sale, our sale record is conclusive. The auctioneer may accept bids made by a company affiliated with Phillips provided that the bidder does not know the reserve placed on the lot. (c) The auctioneer will commence and advance the bidding at levels and in increments he or she considers appropriate. In order to protect the reserve on any lot, the auctioneer may place one or more bids on behalf of the seller up to the reserve without indicating he or she is doing so, either by placing consecutive bids or bids in response to other bidders. If a lot is offered without reserve, unless there are already competing absentee bids, the auctioneer will generally open the bidding at 50% of the lot’s low pre-sale estimate. In the absence of a bid at that level, the auctioneer will proceed backwards at his or her discretion until a bid is recognized and will then advance the bidding from that amount. Absentee bids on no reserve lots will, in the absence of a higher bid, be executed at approximately 50% of the low pre-sale estimate or at the amount of the bid if it is less than 50% of the low pre-sale estimate. If there is no bid whatsoever on a no reserve lot, the auctioneer may deem such lot unsold. (d) The sale will be conducted in Hong Kong dollars and payment is due in Hong Kong dollars. For the benefit of international clients, pre-sale estimates in the auction catalogue may be shown in US dollars and/or euros and, if so, will reflect approximate exchange rates. Accordingly, estimates in US dollars or euros should be treated only as a guide. If a currency converter is operated during the sale, it is done so as a courtesy to bidders, but Phillips accepts no responsibility for any errors in currency conversion calculation. (e) Subject to the auctioneer’s reasonable discretion, the highest bidder accepted by the auctioneer will be the buyer and the striking of the hammer marks the acceptance of the highest bid and the conclusion of a contract for sale between the seller and the buyer. Risk and responsibility for the lot passes to the buyer as set forth in Paragraph 7 below. (f) If a lot is not sold, the auctioneer will announce that it has been ‘passed’, ‘withdrawn’, ‘returned to owner’ or ‘bought-in’. (g) Any post-auction sale of lots offered at auction shall incorporate these Conditions of Sale and Authorship Warranty as if sold in the auction. 6 Purchase Price and Payment (a) The buyer agrees to pay us, in addition to the hammer price of the lot, the buyer’s premium and any applicable sales tax (the ‘Purchase Price’). The buyer’s premium is 27% of the hammer price up to and including HK$7,500,000, 21% of the portion of the hammer price above HK$7,500,000 up to and including HK$50,000,000 and 14.5% of the portion of the hammer price above HK$50,000,000. Phillips reserves the right to pay from our compensation an introductory commission to one or more third parties for assisting in the sale of property offered and sold at auction. (b) Payments must be made by the invoiced party in Hong Kong dollars. Please reference the relevant invoice number. Payment is due immediately following the auction regardless of any intention to obtain any export or import license or other permit for such Lot. Interest will be charged on late payment at the rate of 12% per annum. (c) If you are a new client bidding online in our Auction for the first time, as a security measure you will be required to pay for your lots by wire transfer only. This is our standard policy for all new online buyers. As a courtesy to clients who have bid or bought in our sales previously, Phillips will accept American Express, Visa, MasterCard and China Union Pay to pay for invoices of HK$800,000 or less per auction. (d) Title in a purchased lot will not pass until Phillips has received the Purchase Price for that lot in cleared funds. Phillips is not obliged to release a lot to the buyer until title

in the lot has passed and appropriate identification has been provided, and any earlier release does not affect the passing of title or the buyer’s unconditional obligation to pay the Purchase Price. 7 Collection of Property (a) Phillips will not release a lot to the buyer until we have received payment of its Purchase Price in full in cleared funds, the buyer has paid all outstanding amounts due to Phillips or any of our affiliated companies, including any charges payable pursuant to Paragraph 8 (a) below, and the buyer has satisfied such other terms as we in our sole discretion shall require, including providing information and documentation we require to satisfy our customer due diligence and verification checks for Know Your Customer compliance purposes and completing any antimoney laundering, anti-terrorism financing and sanctions checks. As soon as a buyer has satisfied all of the above conditions, he or she should contact us at +852 2318 2000 to arrange for collection of purchased property. (b) The buyer must arrange for collection of a purchased lot within seven days of the date of the auction. After the auction, all lots will be stored externally, please call our shipping department on +852 2318 2000 prior to arranging collection. We will levy removal, interest, storage and handling charges on uncollected lots. Purchased lots are at the buyer’s risk, including the responsibility for insurance, from (i) the date of collection or (ii) seven days after the auction, whichever is the earlier. Until risk passes, Phillips will compensate the buyer for any loss or damage to a purchased lot up to a maximum of the Purchase Price paid, subject to our usual exclusions for loss or damage to property. (c) As a courtesy to clients, Phillips will, without charge, wrap purchased lots for hand carry only. We do not provide packing, handling, insurance or shipping services. We will coordinate with shipping agents instructed by the buyer, whether or not recommended by Phillips, in order to facilitate the packing, handling, insurance and shipping of property bought at Phillips. Any such instruction is entirely at the buyer’s risk and responsibility, and we will not be liable for acts or omissions of third party packers or shippers. Property will be collected by the buyer at the point it is released in the sale location by Phillips to the buyer or to a third-party shipper acting for the buyer. The buyer is responsible for paying any import duties and local taxes payable to import the Property to its final destination. (d) Phillips will require presentation of government-issued identification prior to release of a lot to the buyer or the buyer’s authorized representative. 8 Failure to Collect Purchases (a) If the buyer pays the Purchase Price but fails to collect a purchased lot within 30 days of the auction, the buyer will incur a late collection fee of HK$80 per day for each uncollected lot. We will not release purchased lots to the buyer until all such charges have been paid in full. (b) If a purchased lot is paid for but not collected within six months of the auction, the buyer authorizes Phillips, upon notice, to arrange a resale of the item by auction or private sale, with estimates and a reserve (in the case of an auction) and net sale price (in the case of a private sale) set at Phillips’s reasonable discretion. The proceeds of such resale will be applied to pay for storage charges and any other outstanding costs and expenses owed by the buyer to Phillips or our affiliated companies and the remainder will be forfeited unless collected by the buyer within two years of the resale. 9 Remedies for Non-Payment (a) Without prejudice to any rights the seller may have, if the buyer without prior agreement fails to make payment of the Purchase Price for a lot in cleared funds within seven days of the auction, Phillips may in our sole discretion exercise one or more of the following remedies: (i) store the lot at Phillips‘s premises or elsewhere at the buyer’s sole risk and expense; (ii) cancel the sale of the lot, retaining any partial payment of the Purchase Price as liquidated damages; (iii) reject future bids from the buyer or render such bids subject to payment of a deposit; (iv) charge interest at 12% per annum from the date payment became due until the date the Purchase Price is received in cleared funds; (v) subject to notification of the buyer, exercise a lien over any of the buyer’s property which is in the possession of Phillips and instruct our affiliated companies to exercise a lien over any of the buyer’s property which is in their possession and, in each case, no earlier than 30 days from the date of such notice arrange the sale of such property and apply the proceeds to the amount owed to Phillips or any of our affiliated companies after the deduction from sale proceeds of our standard vendor’s commission, all sale-related expenses and any applicable taxes thereon; (vi) resell the lot by auction or private sale, with estimates and a reserve set at Phillips’s reasonable discretion, it being understood that in the event such resale is for less than the original hammer price and buyer’s premium for that lot, the buyer will remain liable for the shortfall together with all costs incurred in such resale; (vii) commence legal proceedings to recover the hammer price and buyer’s premium for that lot, together with interest and the costs of such proceedings; (viii) set off

the outstanding amount remaining unpaid by the buyer against any amounts which we or any of our affiliated companies may owe the buyer in any other transactions; (ix) release the name and address of the buyer to the seller to enable the seller to commence legal proceedings to recover the amounts due and legal costs; or (x) take such other action as we deem necessary or appropriate. (b) The buyer irrevocably authorizes Phillips to exercise a lien over the buyer’s property which is in our possession upon notification by any of our affiliated companies that the buyer is in default of payment. Phillips will notify the buyer of any such lien. The buyer also irrevocably authorizes Phillips, upon notification by any of our affiliated companies that the buyer is in default of payment, to pledge the buyer’s property in our possession by actual or constructive delivery to our affiliated company as security for the payment of any outstanding amount due. Phillips will notify the buyer if the buyer’s property has been delivered to an affiliated company by way of pledge. (c) If the buyer is in default of payment, the buyer irrevocably authorizes Phillips to instruct any of our affiliated companies in possession of the buyer’s property to deliver the property by way of pledge as the buyer’s agent to a third party instructed by Phillips to hold the property on our behalf as security for the payment of the Purchase Price and any other amount due and, no earlier than 30 days from the date of written notice to the buyer, to sell the property in such manner and for such consideration as can reasonably be obtained on a forced sale basis and to apply the proceeds to any amount owed to Phillips or any of our affiliated companies after the deduction from sale proceeds of our standard vendor’s commission, all sale-related expenses and any applicable taxes thereon. 10 Rescission by Phillips Phillips shall have the right, but not the obligation, to rescind a sale without notice to the buyer if we reasonably believe that there is a material breach of the seller’s representations and warranties or the Authorship Warranty or an adverse claim is made by a third party. Upon notice of Phillips election to rescind the sale, the buyer will promptly return the lot to Phillips, and we will then refund the Purchase Price paid to us. As described more fully in Paragraph 14 below, the refund shall constitute the sole remedy and recourse of the buyer against Phillips and the seller with respect to such rescinded sale. 11 Export, Import And Endangered Species Licences and Permits Before bidding for any property, prospective buyers are advised to make their own enquiries as to whether a licence is required to export a lot from Hong Kong or to import it into another country. Prospective buyers are advised that some countries prohibit the import of property made of or incorporating plant or animal material, such as coral, crocodile, ivory, whalebone, Brazilian rosewood, rhinoceros horn or tortoiseshell, irrespective of age, percentage or value. Accordingly, prior to bidding, prospective buyers considering export of purchased lots should familiarise themselves with relevant export and import regulations of the countries concerned. Please note that the US prohibits the importation of any item containing African elephant ivory. Asian elephant ivory may be imported in to the US only if accompanied by independent scientific analysis of continent of origin and confirmation the object is more than 100 years old. With regard to any item containing endangered species other than elephant ivory, an importer into the US must provide documented evidence of the species identification and age of an object in order to demonstrate that the item qualifies as an antique. This will require the buyer to obtain an independent appraisal certifying the species of endangered material on the object and certifying that the object is not less than 100 years of age. A prospective buyer planning to import an object containing endangered species into the US may not rely on Phillips cataloguing to establish the species of endangered material on the object or to establish the age of the object and must consult with a qualified independent appraiser prior to placing a bid on the lot. It is solely the buyer’s responsibility to comply with these laws and to obtain any necessary export, import and endangered species licences or permits. Failure to obtain a licence or permit or delay in so doing will not justify the cancellation of the sale or any delay in making full payment for the lot. As a courtesy to clients, Phillips has marked in the catalogue lots containing potentially regulated plant or animal material, but we do not accept liability for errors or for failing to mark lots containing protected or regulated species. Export, Import, Sales and/or Use Taxes Buyers should note that they are responsible for all charges, duties and taxes related to the exportation and importation of lots shipped by them or shipped on their behalf, including any applicable Sales and/or Use Taxes which may be due on importing the property to the United States.

Export and Import Bans and Restrictions Buyers should note that the export of items offered for sale in this Auction to certain countries (including Russia and Belarus) may be prohibited pursuant to Government sanctions and other regulatory measures in force from time to time. Please contact the department organising the auction for further details. 12 US shipments and imports Customs Tariffs Buyers intending to import property into the United States of America should note that US Customs may charge an additional import duty and/or special tariff upon the importation of property which originates outside the US or which is created or manufactured outside the US. Original, hand-made or limited editions of artworks, sculptures, prints, photographs and/or lithographs which constitute “Informational Materials” may be exempt. US bidders are advised to check with their local customs office in advance of bidding in the sale. Where known to us, Phillips will indicate in the cataloguing of Lots, the country in which the Lot was made, manufactured, or originated. Please note, however, that any such indications are given by us only as a convenience to bidders. Phillips does not accept liability for errors, including failing to indicate this information. US Sales and/or Use Taxes Buyers requesting shipment to the United States of America of lots bought in the Auction are responsible for paying all and any applicable Sales and/or Use Taxes which may be due. 13 Personal Data (a) You acknowledge and understand that we may process your personal data (including potentially special category data) in accordance with our Privacy Policy as published at www.phillips.com or available by emailing dataprotection@ phillips.com. (b) Our Privacy Policy sets out: (i) the types of personal data we will or may collect and process; (ii) the purposes for which we will or may process your personal data (including for example the provision of auction, private sale and related services; the performance and enforcement of these terms and conditions; the carrying out of identity and credit checks; keeping you informed about upcoming auctions, exhibitions and special events; and generally where reasonably necessary in the management and operation of our business); (iii) the lawful bases on which we rely in undertaking our processing of your personal data; (iv) your rights in respect of our processing of your personal data; and (v) various other information as required by applicable laws. (c) Phillips premises and sale and exhibition venues may be subject to CCTV video surveillance and recording and your communications with Phillips, including by telephone and online (e.g. telephone and on-line bidding) may also be recorded. Where we record such information we will process it in accordance with our Privacy Policy. 14 Limitation of Liability (a) Subject to sub-paragraph (e) below, the total liability of Phillips, our affiliated companies and the seller to the buyer in connection with the sale of a lot shall be limited to the Purchase Price actually paid by the buyer for the lot. (b) Except as otherwise provided in this Paragraph 14, none of Phillips, any of our affiliated companies or the seller (i) is liable for any errors or omissions, whether orally or in writing, in information provided to prospective buyers by Phillips or any of our affiliated companies or (ii) accepts responsibility to any bidder in respect of acts or omissions, whether negligent or otherwise, by Phillips or any of our affiliated companies in connection with the conduct of the auction or for any other matter relating to the sale of any lot. (c) All warranties other than the Authorship Warranty, express or implied, including any warranty of satisfactory quality and fitness for purpose, are specifically excluded by Phillips, our affiliated companies and the seller to the fullest extent permitted by law. (d) Subject to sub-paragraph (e) below, none of Phillips, any of our affiliated companies or the seller shall be liable to the buyer for any loss or damage beyond the refund of the Purchase Price referred to in sub-paragraph (a) above, whether such loss or damage is characterised as direct, indirect, special, incidental or consequential, or for the payment of interest on the Purchase Price to the fullest extent permitted by law. (e) No provision in these Conditions of Sale shall be deemed to exclude or limit the liability of Phillips or any of our affiliated companies to the buyer in respect of any fraud or fraudulent misrepresentation made by any of us or in respect of death or personal injury caused by our negligent acts or omissions.

15 Copyright The copyright in all images, illustrations and written materials produced by or for Phillips relating to a lot, including the contents of this catalogue, is and shall remain at all times the property of Phillips and such images and materials may not be used by the buyer or any other party without our prior written consent. Phillips and the seller make no representations or warranties that the buyer of a lot will acquire any copyright or other reproduction rights in it.

Authorship Warranty

16 General (a) These Conditions of Sale, as changed or supplemented as provided in Paragraph 1 above, and Authorship Warranty set out the entire agreement between the parties with respect to the transactions contemplated herein and supersede all prior and contemporaneous written, oral or implied understandings, representations and agreements.

(a) Phillips gives this Authorship Warranty only to the original buyer of record (i.e., the registered successful bidder) of any lot. This Authorship Warranty does not extend to (i) subsequent owners of the property, including purchasers or recipients by way of gift from the original buyer, heirs, successors, beneficiaries and assigns; (ii) property where the description in the catalogue states that there is a conflict of opinion on the authorship of the property; (iii) property where our attribution of authorship was on the date of sale consistent with the generally accepted opinions of specialists, scholars or other experts; (iv) property whose description or dating is proved inaccurate by means of scientific methods or tests not generally accepted for use at the time of the publication of the catalogue or which were at such time deemed unreasonably expensive or impractical to use or likely in our reasonable opinion to have caused damage or loss in value to the lot; or (v) property where there has been no material loss in value from the value of the lot had it been as described in the heading of the catalogue entry.

(b) Notices to Phillips shall be in writing and addressed to the department in charge of the sale, quoting the reference number specified at the beginning of the sale catalogue. Notices to clients shall be addressed to the last address notified by them in writing to Phillips. (c) These Conditions of Sale are not assignable by any buyer without our prior written consent but are binding on the buyer’s successors, assigns and representatives. (d) Should any provision of these Conditions of Sale be held void, invalid or unenforceable for any reason, the remaining provisions shall remain in full force and effect. No failure by any party to exercise, nor any delay in exercising, any right or remedy under these Conditions of Sale shall act as a waiver or release thereof in whole or in part. (e) If there is any inconsistency or conflict between the English text of the Conditions of Sale, Guide for Prospective Buyers and/or Important Notices and their Chinese translations, the English text will prevail. 17 Law and Jurisdiction (a) The rights and obligations of the parties with respect to these Conditions of Sale and Authorship Warranty, the conduct of the auction and any matters related to any of the foregoing shall be governed by and interpreted in accordance with Hong Kong law. (b) For the benefit of Phillips, all bidders and sellers agree that the courts of Hong Kong are to have exclusive jurisdiction to settle all disputes arising in connection with all aspects of all matters or transactions to which these Conditions of Sale and Authorship Warranty relate or apply. All parties agree that Phillips shall retain the right to bring proceedings in any court other than the courts of Hong Kong. (c) All bidders and sellers irrevocably consent to service of process or any other documents in connection with proceedings in any court by facsimile transmission, personal service, delivery by mail or in any other manner permitted by Hong Kong law, the law of the place of service or the law of the jurisdiction where proceedings are instituted at the last address of the bidder or seller known to Phillips.

Phillips warrants the authorship of property in this auction catalogue described in headings in BOLD or CAPITALIZED type for a period of five years from date of sale by Phillips, subject to the exclusions and limitations set forth below and the Important Notices set out in this catalogue immediately following the Guide for Prospective Buyers.

(b) In any claim for breach of the Authorship Warranty, Phillips reserves the right, as a condition to rescinding any sale under this warranty, to require the buyer to provide to us at the buyer’s expense the written opinions of two recognized experts approved in advance by Phillips. We shall not be bound by any expert report produced by the buyer and reserve the right to consult our own experts at our expense. If Phillips agrees to rescind a sale under the Authorship Warranty, we shall refund to the buyer the reasonable costs charged by the experts commissioned by the buyer and approved in advance by us. (c) Subject to the exclusions set forth in subparagraph (a) above, the buyer may bring a claim for breach of the Authorship Warranty provided that (i) he or she has notified Phillips in writing within three months of receiving any information which causes the buyer to question the authorship of the lot, specifying the auction in which the property was included, the lot number in the auction catalogue and the reasons why the authorship of the lot is being questioned and (ii) the buyer returns the lot to Phillips to the salesroom in which it was purchased in the same condition as at the time of its auction and is able to transfer good and marketable title in the lot free from any third party claim arising after the date of the auction. Phillips has discretion to waive any of the foregoing requirements set forth in this subparagraph (c) or subparagraph (b) above. (d) The buyer understands and agrees that the exclusive remedy for any breach of the Authorship Warranty shall be rescission of the sale and refund of the original Purchase Price paid. This remedy shall constitute the sole remedy and recourse of the buyer against Phillips, any of our affiliated companies and the seller and is in lieu of any other remedy available as a matter of law or equity. This means that none of Phillips, any of our affiliated companies or the seller shall be liable for loss or damage beyond the remedy expressly provided in this Authorship Warranty, whether such loss or damage is characterized as direct, indirect, special, incidental or consequential, or for the payment of interest on the original Purchase Price.

Please return this form by email to bidshongkong@phillips.com at least 24 hours before the sale. Please read carefully the information in the right column and note that it is important that you indicate whether you are applying as an individual or on behalf of a company.

G/F, WKCDA Tower, West Kowloon Cultural District, No. 8 Austin Road West, Hong Kong phillips.com +852 2318 2000 bidshongkong@phillips.com

• PRIVATE PURCHASES Proof of identity in the form of government-issued identification and recent proof of address will be required.

Please select the type of bid you wish to make with this form (please select one):

In-person Absentee Bidding Telephone Bidding

Paddle Number

• CONDITIONS OF SALE All bids are placed and executed, and all lots are sold and purchased, subject to the Conditions of Sale printed in the catalogue. Please read them carefully before placing a bid. Your attention is drawn to Paragraph 4 of the Conditions of Sale.

Please indicate in what capacity you will be bidding (please select one):

As a private individual On behalf of a company

• If you cannot attend the sale, we can execute bids confidentially on your behalf.

Sale Title

Sale Number

Title

Surname

First Name

Sale Date

Account Number

Company (if applicable)

• COMPANY PURCHASES If you are buying under a business entity, we require a copy of government-issued identification (such as the certificate of incorporation) as well as proof of owners (including ultimate beneficial owners) and directors to verify the status of the company.

Address

• Phillips charges the successful bidder a commission, or buyer’s premium, on the hammer price of each lot sold. The buyer’s premium is payable by the buyer as part of the total purchase price at the following rates: 27% of the hammer price up to and including HK$7,500,000, 21% of the portion of the hammer price above HK$7,500,000 up to and including HK$50,000,000 and 14.5% of the portion of the hammer price above HK$50,000,000. • “ Buy” or unlimited bids will not be accepted. Alternative bids can be placed by using the word “OR” between lot numbers.

City

• For absentee bids, indicate your maximum limit for each lot, excluding the buyer’s premium. Your bid will be executed at the lowest price taking into account the reserve and other bidders. On no reserve lots, in the absence of other bids, your bid will be executed at approximately 50% of the low pre-sale estimate or at the amount specified, if less than 50% of the low estimate.

State/Country

Post Code Phone

Mobile

Fax

• Your bid must be submitted in the currency of the sale and may be rounded down to the nearest amount consistent with the auctioneer’s bidding increments.

Phone number to call at the time of sale (for Phone Bidding only) 1.

• If we receive identical bids, the first bid received will take precedence.

Language to be used (for Phone Bidding only) Please complete the following section for telephone and absentee bids only Lot number

Brief description

In Consecutive Order

Maximum bid price in HK$* Absentee Bids Only

• Arranging absentee and telephone bids is a free service provided by us to prospective buyers. While we will exercise reasonable care in undertaking such activity, we cannot accept liability for errors relating to execution of your bids except in cases of wilful misconduct. Agreement to bid by telephone must be confirmed by you promptly in writing or by fax. Telephone bid lines may be recorded. • Please submit your bids to the Bid Department by email to bidshongkong@phillips.com or by fax at +852 2318 2010 at least 24 hours before the sale. You will receive confirmation by email within one business day. To reach the Bid Department by phone, please call +852 2318 2029. • Payment for lots can be made by credit card (up to HK$800,000 per auction) or by wire transfer. • Lots cannot be collected until payment has cleared and all charges have been paid. • B y signing this Bid Form, you acknowledge and understand that we may process your personal data (including potentially special category data) in accordance with Phillips’s Privacy Policy as published at www.phillips.com or available by emailing dataprotection@phillips.com. • Phillips’s premises and sale and exhibition venues may be subject to video surveillance and recording. Telephone calls (e.g., telephone bidding) may also be recorded. We may process that information in accordance with our Privacy Policy.

* Excluding Buyer’s Premium

Signature

Date

By submitting this form you confirm your registration/bid(s) as above and accept the Conditions of Sale of Phillips as stated in the catalogues and on our website.

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香港準買家指引：鐘錶

拍賣現場購買以下指引有助閣下了解如何在富藝斯拍賣會上購買拍品，本公司職員將竭誠為您服務。業務規定拍賣會乃根據圖錄末段所載之業務規定及著作保證而運作。競投者請務必細閱業務規定及著作保證以了解本公司與賣家及買家之間的法律關係；以及於拍賣會上購買之條款。富藝斯在一般情況下為賣家之代理人。競投者亦應細閱列印於本準買家指引後的重要通告。買家支付之酬金本公司會按每件拍品落槌價向競投成功者收取佣金或買家支付之酬金。買家應支付酬金費率為：拍賣品落槌價首港幣7,500,000 元之27%，加逾港幣7,500,000 元以上至港幣50,000,000元部份之21%；加逾港幣50,000,000元之餘款的14.5%計算。買家須就每件拍品支付其落槌價、買家支付之酬金及任何適用之稅項及費用。 1 拍賣前訂購圖錄如欲購買是次或其他富藝斯拍賣圖錄，請致電 + 852 2318 2000, +41 22317 8181, +44 20 73184010 , +1 212 940 1240聯絡我們。拍賣前估價拍賣前估價用意為提供指引予準買家。本公司認為任何介乎於高至低估價範圍之間的競投價皆有成功機會。然而，拍品亦有可能在低於或高於拍賣前估價拍出。如欲對標示為「估價待詢」之拍賣品了解更多，請與專家部門聯繫。由於估價可予修改，因此閣下可於臨近拍賣前聯絡我們。拍賣前估價並不包括買家支付之酬金或其他適用稅項。拍賣前估價以美元及歐元為單位本拍賣會將以港元為競投貨幣，但載於拍賣圖錄內的拍賣前估價除以港元為單位外，亦或會用美元及或歐元。由於圖錄中的貨幣兌換率是根據圖錄付印時而非拍賣當日的兌換率而訂，因此美元或歐元的拍賣前估價只供參考用。圖錄編列富藝斯或會在圖錄內刊印有關拍品之出處及過往展覽、引述於藝術刊物之紀錄。儘管我們以審慎的態度進行編列，但拍賣品的出處、展覽及文獻或未能詳盡；及在某些情況下我們或會有意地不揭露物主身份。請注意所有陳述於圖錄內拍賣品之量度均為約數。拍賣品之狀況本公司之圖錄只會在多件型作品 (例如印刷品)的描述中提到狀況事宜。但該些狀況資料並不等於狀況之完整說明。未有提及此等狀況資料亦不表示拍品全無缺陷或瑕疵。品狀報告乃富藝斯為方便買家提供的一項服務。我們的專家以物品估價相應的方式評估及撰寫品狀報告。雖然我們以真誠及謹慎的態度撰寫品狀報告，惟本公司職員並非專業修復者。故我們建議所有準買家應親臨拍賣前展覽並親自檢查拍品；特別是估價較高的拍品，我們建議閣下保留您的專業修復者或顧問對拍賣品於競投前的狀況所作的報告。另外，品狀報告並不等於狀況之完整說明及或未能具體說明所有瑕疵。沒有品狀報告或未有於圖錄內提述有關損毀說明並不表示拍賣品狀況良好、能正常運轉或無修補或維修。拍賣前預展拍賣前預展乃免費並對外公開，我們的專家可於預展或預約時提供意見及品狀報告。保證金及其他競投條件如欲競投標拍賣品，包括標有✱記號之拍賣品 (高額拍賣品)，富藝斯或要求閣下交付保證金，金額由富藝斯決定及/或提供任何財務狀況證明，擔保及/或其他由富藝斯可全權酌情決定要求的抵押作為參加富藝斯競投的保障。如欲競投高額拍賣品，閣下必須在拍品所屬的拍賣時段開始24小時前完成富藝斯有關高額拍賣品的預先登記程序，並符合相關要求。已完成有關高額拍賣品的預先登記程序及符合要求的準買家將獲發高額拍賣品競投牌以資識別。拍賣高額拍賣品時，拍賣官將只接受高額拍賣品競投牌之出價。閣下可以電匯或富藝斯可接受之信用卡繳付保證金。如閣下未有成功競投該高額拍賣品，及於富藝斯或我們任何附屬公司亦無任何欠款，保證金將，視乎個別情形，以電匯(與閣下繳付保證金時相同之貨幣)或信用卡退還本公司將安排於拍賣日期後 7天內安排退還保證金。

符號圖例圖錄內提述有關以下符號之意思 0 保證項目拍賣品標有O符號代表已獲承擔保證最低出售價。在此情況下，不論拍賣結果如何，該賣家都可收取一筆由富藝斯保證的最低金額款項。該保證可由富藝斯獨自提供或與第三方共同提供。 ◆ 第三方保證在富藝斯同意提供最低出售價保證時，便承擔拍賣品不被賣出或以低於最低出售價保證的價格賣出所涉及的財政風險。由於可涉及龐大金額，富藝斯可選擇與第三方分擔有關的財政風險。第三方會在拍賣進行前承諾分擔有關風險，通常是以書面形式競投，列明不論有否其他競投都會以一個協議金額買入拍賣品。在此情況下，第三方擔保人須承擔競投未能達到最低出售價保證的風險。若出現其他競投，第三方擔保人仍可以高於任何書面出價競投。為換取第三方承保或分擔有關風險，富藝斯通常會向第三方支付補償金。該補償金可為一固定費用或拍賣品落槌價的一定比例。若該第三方擔保人競投成功，其必須繳付拍賣品的落槌價和買家支付之酬金，而不會獲得任何補償。第三方財政權益的披露富藝斯規定第三方擔保人向接受其建議的任何人士披露其對拍賣品的財政權益。若您考慮競投涉及第三方保證的拍賣品及正在接受他人的建議，或若您已要求他人代表您競投，您必須要求他們確定其是否對拍賣品有財政權益。 Δ 富藝斯擁有業權權益之拍賣品拍賣品標有Δ符號代表富藝斯擁有該拍賣品之全部或部分權益，或在拍賣品中擁有相等於權益之經濟利益。 • 無底價除非標有•符號，否則所有本圖錄內所載之拍賣品均有底價。底價是由富藝斯和賣家共同訂立且機密之價格。拍賣品不會以低於該價售出。每件拍賣品的底價一般以低估價之一定比例來定，並且不會高於拍賣前低估價。 Σ 瀕危物種標有此符號的拍賣品表示在編列圖錄時該拍賣品已確定含有瀕危或其他受保護野生動物物種並可能受到就有關出口或入口之限制及可能需要出口及入口許可證。詳情請參閱準買家指引第4段及業務規定第11段。 ✱ 高額拍賣品有此符號[*]的拍賣品為高額拍賣品。如欲競投高額拍賣品，準買家必須在拍品所屬的拍賣時段開始24小時前完成富藝斯有關高額拍賣品的預先登記程序，並符合相關要求。已完成有關高額拍賣品的預先登記程序及符合要求的準買家將獲發高額拍賣品競投牌。拍賣高額拍賣品時，拍賣官將只接受高額拍賣品競投牌之出價。詳情請向籌備拍賣會之有關部門查詢。 ▼ 限制進口標有此符號的拍賣品或受美國入口限制。詳情請參閱列印於此準買家指引後的重要通告。 2 拍賣競投於拍賣會上競投競投可於拍賣會上由個人親臨舉競投牌進行，亦可透過電話、網上進行競投或在拍賣前以書面形式參加。請提供政府發出的身份證明文件及原有簽名。我們或需要閣下提供銀行證明。通過註冊和參與拍賣，不論是親自競投，書面競投，還是透過電話或網上競投，競投人聲明、保證並確認 (i)除非在拍賣前與富藝斯另有明確書面約定，否則競投人代表自己而非代表任何其他人競投； (ii)競投人將從自己的資金中支付款項； (iii)競投人參與拍賣和支付款項均是合法的，並不違反任何適用的制裁法律； (iv)競投人不是受制裁的司法管轄區的居民或其所在地並非受制裁的司法管轄區，包括但不限於俄羅斯、白俄羅斯、伊朗和北韓；及 (v)任何競投人或其代理人之投標均不是任何串謀或其他反競爭協定的產物，且未違反任何適用法律、政府制裁和不時生效的其他監管措施。親身競投親身競投之人士須於拍賣會開始前登記及領取競投牌。我們建議新客戶於拍賣舉行前至少48小時辦理登記，以便有充足時間處理閣下之資料。所有售出之拍賣品發票抬頭人均為登記競投牌之人士及其地址，並不得轉讓至他人及其他地址。請勿遺失競投牌，如有遺失請立即通知富藝斯職員。拍賣完結時，請將競投牌交回登記處。

電話競投如閣下未能出席拍賣會，您可透過電話與本公司通曉多國語言之職員進行實時競投。此服務須於拍賣會開始前至少24小時安排，及只適用於拍賣前低估價為港幣8,000元以上之拍品。電話競投將可被錄音。以電話競投即代表閣下同意其對話將被錄音。我們建議閣下表明最高競投價(不包括買家支付之酬金)以便我們在無法以電話聯絡閣下時代您競投。如欲安排電話競投，請致電香港投標部+852 2318 2029。網上競投如閣下未能親自出席拍賣會，您可透過我們於網站www. phillips.com內的實時競投平台進行網上競投。我們建議使用Google Chrome、Firefox、Opera及Internet Explorer 執行網上拍賣。閣下如欲以Safari運行網上拍賣需先行安裝 Adobe Flash Player。於網站內按「拍賣」、「實時拍賣」然後「實時競投登記」以作預先登記。第一次登記時需先建立帳戶，此後只需登記個別拍賣即可。閣下須於拍賣前至少24小時作網上預先登記以便投標部確認。請注意網上競投者或會因企業防火牆而未能競投。書面競投如閣下未能出席拍賣會及參與電話競投，富藝斯樂意代表閣下進行書面競投。本圖錄末附有競投表格。此服務乃免費並且保密。投標價必須是以拍賣會當地的貨幣為單位。本公司之職員將參考底價及其他競投價，盡力以最低價進行競投。請標明最高競投價(不包括買家支付之酬金)。無限價競投標將不獲接納。所有書面競投須於拍賣 24小時前收到。倘本公司就同一項拍賣品收到相同之競價，則最先收到之競價會獲優先辦理。僱員競投富藝斯及其附屬公司之僱員，包括拍賣官只可在不知底價及全面遵守本公司的僱員競投內部規例之情況下進行書面競投。競投價遞增幅度競投一般由低於最低估價開始，通常每次喊價之遞增幅度最高為10%，拍賣官亦可於拍賣時自行決定更改每次喊價增加之額度。書面競投價若與下列之遞增幅度不一致，將被調低至下一個喊價幅度。競投價 1,000-2,000港元 2,000-3,000港元 3,000-5,000港元 5,000-10,000港元 10,000-20,000港元 20,000-30,000港元 30,000-50,000港元 50,000-100,000港元 100,000-200,000港元 200,000-300,000港元 300,000-500,000港元 500,000-1,000,000港元 1,000,000港元或以上

每次喊價之遞增金額 100港元 200港元 200, 500, 800 港元 (例 4,200, 4,500, 4,800港元) 500港元 1,000港元 2,000港元 2,000, 5,000, 8,000港元 (例 32,000, 35,000, 38,000港元) 5,000港元 10,000港元 20,000港元 20,000, 50,000, 80,000港元 (例 320,000, 350,000, 380,000港元) 50,000港元拍賣官自行決定

在拍賣時拍賣官可酌情更改每次增加之額度。 3 拍賣如上所述，拍賣會受業務規定及保險書所規限，所有準買家應仔細閱讀。登記拍賣代表準買家接受業務規定及著作保證。該等業務規定及著作保證可經在拍賣會場張貼通告或由拍賣官作出公佈之方式進行修改。有利害關係的各方公佈在某些情況下對拍賣品有直接或間接利害關係的一方可能對拍賣品作出競投，如出售拍賣品之遺產之受益人或執行者；拍賣品之聯權共有人或提供或參與保證的一方，富藝斯將會於拍賣廳內公佈有利害關係的各方可能對拍賣品作出競投。接連投標及競投；無底價拍賣品拍賣官可代表賣家為任何拍賣品叫第一口價以開始競投。拍賣官更可代表賣家以接連投標或競投之方式，就拍賣品作出競投直至達到底價。就不設底價的拍賣品,除非已有競投,否則拍賣官一般會以拍品的拍賣前低估價的50%開始拍賣。若在此價格下並無投標,拍賣官會自行斟酌將價格下降繼續拍賣,直至有客戶開始競投,然後再由該投標價向上繼續拍賣在沒有更高叫價的情況下,以書面投標競投無底價拍賣品會以拍賣前低估價大約50%成交。但若該投標價低於拍賣前低估價的50%, 則以該投標價成交。如果無底價拍賣品沒有任何叫價, 拍賣官會自行決定該拍賣品為流拍。

4 拍賣後付款除非與富藝斯於拍賣前已達成書面安排，否則買家須於拍賣後即時以港元付款。閣下可依照業務規定第6段所述以電匯方式付款。現金及支票恕不接納。信用卡為方便曾在富藝斯競投或於富藝斯拍賣會購買的客戶，富藝斯可接受以美國運通， Visa，萬事達及銀聯信用卡支付每場拍賣不多於港幣80萬元的付款。提取提取拍賣品時請出示身份證明。富藝斯收到全數結清之貨款及確認買家在本公司及其附屬公司沒有欠款後，會將拍賣品交予買家或買家授權之代表。拍賣後所有拍品會被儲存在外。如欲提取拍品，煩請與我們運輸部聯絡，電話：+852 2318 2000。未能提取的拍品均會被收取有關轉移，利息，儲存等相關費用。損失或損壞買家請注意富藝斯對拍賣品損失或損壞之責任期限最多為拍賣後七天。運輸及付運作為一項予買家的免費服務，富藝斯只可包裝拍品作手提用。我們並不會直接提供包裝、處理及付運服務。但我們可依據閣下之指示與付運代理協調以促成閣下於本公司購買貨物之包裝、處理及付運。詳情請參閱業務規定第7段。出口及入口許可證在競投任何拍賣品前，我們建議準買家對拍賣品先作獨立調查以確定是否需要以許可證出口香港或進入其他國家。買家須遵守所有入口及出口之法律及應取得有關的出口或入口許可證。不獲發任何所需之許可證或執照並不構成取消買賣或延遲繳付全數貨款之充分理由。買家應注意，本次拍賣中出售的物品出口至某些國家/地區（包括俄羅斯和白俄羅斯）可能因政府制裁和不時生效的其他監管措施而遭禁止。瀕危物種由植物或動物材料如珊瑚、鱷魚、象牙、鯨骨、巴西玫瑰木、犀牛角或玳瑁殼，不論其年份、百分比率或價值，均可能須申領許可證或證書方可入口至美國或其他歐盟以內或外的國家。請注意能取得出口許可證或證書並不能確保可在另一國家取得進口許可證或證書，反之亦然。我們建議準買家在競投前向相關政府查核有關野生動植物進口之規定後再參與競投。買家須負上所有責任取得任何所需出口或進口許可證或證書，以及任何其他所需文件。請注意美國禁止入口任何含有非洲象牙的產品。亞洲象的象牙可被進口到美國，而該進口必須附有獨立科學分析報告以證明有關物品的起源地及確認物品的年期已超過一百年。我們在銷售任何藏品前，均無對藏品進行科學分析，所以無法確認相關藏品的象牙是來自亞洲及非洲。買家凡購買有關藏品並計畫將有關藏品進口美國，必須承擔風險並負責支付任何科學分析報告或其他報告的費用。有關任何含有象牙以外的瀕危物種藏品，進口者須提供證明文件鑑定物種及藏品之年期以顯示該藏品為古董。買家須進行獨立評估以認證藏品上之瀕危物種物料及認證藏品之年期為不少於一百年。如欲計劃入口藏品到美國的準買家不應依靠富藝斯編列於圖錄內藏品上的瀕危物種物料或藏品之年期及必須諮詢具有專業資格的獨立鑑定者後再參與競投。請注意我們為方便客戶而在含有可能受管制植物或動物物料的拍賣品上附加標記，但附加標記時如有任何錯誤或遺漏，富藝斯恕不承擔任何責任。私隱我們的私隱條例刊載於www.phillips.com，或可電郵至 dataprotection@phillips.com 索取副本。私隱條例闡述： (i) 本公司將會或可能收集及處理的個人資料類別； (ii) 本公司將會或可能處理閣下個人資料的目的；(iii) 本公司處理閣下個人資料的法律依據；(iv) 閣下對本公司處理你個人資料的權利；及(v) 適用法律要求的各項其他資訊。基於保安、客戶服務與及競投監控之考慮，富藝斯將可能會對其物業、銷售及展覽範圍內進行錄影監控與記錄。富藝斯拍賣過程將被錄影，用於富藝斯及第三方網站及應用程式上的同步直播。基於保安、客戶服務與及競投監控之考慮，閣下與富藝斯之間的溝通包括電話及網上對話（如電話及網上競投）將可能會被記錄。本公司將根據私隱條例記錄及處理此等資料。

重要通告

狀況富藝斯對於任何鐘錶之正常運作均不作任何陳述或保證，及圖錄內任何拍賣品之描述不應理解為聲明。準買家應於使用前請專業鐘錶匠或鐘錶修復者先行檢查鐘錶。為方便準買家，我們或會於圖錄編列時提供鐘錶狀況之描述，包括缺陷及維修說明及提供品狀報告。但品狀報告並不等於狀況之完整說明及或未能具體說明所有機械的更換、修復或缺陷。請留意富藝斯不保證任何組件之原廠真品，如鐘錶輪、錶針、錶冠、晶體、螺釘、手鐲及皮革錶帶，因之前的修復或導致更換原裝配件。富藝斯亦不保證防水錶殼的手錶目前仍為防水。準買家應於拍賣前檢查所有鐘錶以評估拍賣品之狀況。出口含有瀕危物種物料錶帶部分於圖錄內的手錶的錶帶或由瀕危或受保護動物物料所造，如鱷魚皮或鱷魚，及在沒有CITES出口許可證下不能合法地從拍賣當地出口。如準買家指引第1及4段所說明，該些拍賣品於圖錄中附有Σ符號。同樣地，如欲將手錶付運離開拍賣當地，富藝斯或需在付運手錶及手錶釦前先將錶帶拆除及保留。名錶進口美國準買家須注意美國或會限制進口名錶。該些名錶或不能付運到美國及或只能親自携帶入口。美國海關法例或限制每位買家只可携帶一枚名錶。該些拍賣品於圖錄中附有 ▼ 符號。富藝斯不會因買家無法將所投得之拍賣品進口至美國或富藝斯未能以 ▼ 符號標記此等拍賣品而接受延遲付款或撤銷該買賣。真品證書某些製造商並不會發出真品證書，除非於圖錄中特別列明，否則富藝斯並沒有義務向買家提供由製造商所發的真品證書。除非富藝斯根據業務規定之保證書同意取消，否則製造商未能發出證書並非取消買賣之充分理由。高額拍賣品如欲競投高額拍賣品，準買家必須在拍品所屬的拍賣時段開始24小時前完成富藝斯有關高額拍賣品的預先登記程序，並符合相關要求。已完成有關高額拍賣品的預先登記程序及符合要求的準買家將獲發高額拍賣品競投牌。拍賣高額拍賣品時，拍賣官將只接受高額拍賣品競投牌之出價。詳情請向籌備拍賣會之有關部門或聯絡客戶服務部+852 2318 2000查詢。

香港業務規定：鐘錶

競投者與買家以及富藝斯（Phillips Fine Watches Limited，香港商業登記號碼 63695238）與賣家的關係受下面闡述之業務規定及著作保證所規限。所有準買家須於參與競投前小心細閱業務規定，於準買家指引後的重要通告及著作保證。 1 序言圖錄內所列拍賣品之銷售及售出均根據(a)業務規定及著作保證;(b)圖錄其他地方所載之任何附加通知條款, 包括準買家指引及重要通告及(c)補充本圖錄或其他富藝斯張貼於拍賣廳內之書面資料, 或由拍賣官於拍賣前作出公佈之方式進行修改。透過於拍賣中競投,不論以親身,經代理人,以書面競投, 以電話或其他方式競投, 競投者和買家均同意接受並遵守經改變或補充的業務規定及著作保證。該些經改變或補充的業務規定及著作保證包括富藝斯及賣家與買家合約成立之條款。 2 富藝斯作為代理人除非於本圖錄中或於拍賣時另有說明,否則富藝斯作為賣家的代理人。在個別情況下富藝斯可能擁有拍賣品, 在該情況下以委託人之身份作為賣家行事; 或富藝斯其附屬公司可能擁有拍賣品, 在該情況下則作為該公司的代理人, 或富藝斯或其附屬公司可能以抵押債權人或其他身份擁有拍賣品之法律、實益或財務利益。 3 圖錄說明及拍賣品狀況拍賣品均受著作保證所限制出售, 如圖錄所述(除非該說明如上面第1段所述被修改或補充) 及依據以下基礎陳述拍賣品於拍賣時的狀況。 (a) 富藝斯對各拍賣品之認識部份依賴賣家向其提供之資料, 且富藝斯無法及不會就各拍賣品進行全面盡職審查。準買家知悉此事, 並承擔進行檢查及檢驗之責任, 以使滿意彼等可能感興趣之拍賣品。儘管如前所述, 富藝斯在圖錄描述或品狀報告作出之明示聲明, 應以有關拍賣中有關拍賣品之拍賣官身份相符之合理審慎態度作出; 以及基於(I)賣家向其提供之資料; (II)學術及技術知識; 及(III)相關專家普遍接納之意見作出之明示聲明, 在各情況下應以合理審慎態度作出明示。 (b) 富藝斯提呈拍賣時出售之各拍賣品於拍賣前可供準買家檢查。在競投人(鑑於有關拍賣品之性質及價值及競投人之專業知識而屬合適者,以及代表彼等之獨立專家)已當作在投標前全面檢驗拍賣品, 並滿意拍賣品之狀況及其描述之準確性, 富藝斯會接受競投人對拍賣品之投標。 (c)準買家確認眾多拍賣品年代久遠及種類特殊，意味拍賣品並非完好無缺。為方便準買家，富藝斯或會準備及提供品狀報告以方便準買家檢查拍賣品用。圖錄描述及品狀報告在若干情況下可用作拍賣品某些瑕疵之參考，但競投人應注意，拍賣品可能存在其他在圖錄或品狀報告內並無明確呈視出之瑕疵。所有量度皆為約數。解說只供鑑定用途，將不能當作為拍賣品尺寸之精確量度或真實狀況之全部資料。 (d) 提供予準買家有關任何拍賣品之資料包括任何拍賣前預測 (無論為書面或口述)及包括任何圖錄所載之資料、規則及其他報告、評論或估值, 該等資料並非事實之陳述, 而是富藝斯所持有之意見之聲明, 故不應依賴任何拍賣前預測作為拍賣品售價或價值之預測, 且該等資料可由富藝斯不時全權酌情決定修改。富藝斯及並附屬公司皆不會為任何拍品拍賣前估價與於拍賣或轉售所達之實際價錢之間的差距負上任何責任。 4 拍賣會上競投出價 (a) 富藝斯可全權酌情決定拒絕進入拍賣場地或參與拍賣。所有競投者需於競投前登記競投牌, 並提供富藝斯所需資料及參考。 (b) 為方便未能親身出席拍賣的競投者, 富藝斯或根據競投者之指示代其進行書面競投。書面競投者須遞交“書面競投表格”, 此表格列印於圖錄末部或可向富藝斯索取。投標價必須是以拍賣會當地的貨幣為單位。競投者需清楚標明最高之投標價 (不包括買家支付之酬金)。拍賣官將不會接受任何沒有標明最高投標價之書面競投。本公司之人員將參考底價及其他競投價，盡力以最低價進行競投。所有書面競投須於拍賣前24 小時收到。倘本公司就同一項拍賣品收到相同之競價，則最先收到之競價會獲優先辦理。 (c)電話競投者須遞交“電話競投表格”, 此表格列印於圖錄末部或可向富藝斯索取。電話競投只適用於拍賣前低估價最少達港幣8000元之拍品。富藝斯保留要求電話競投者以傳真或其他方式儘快於拍賣官接受其競投後以書面確認成功競投之權利。電話競投將可被錄音。以電話競投即代表閣下同意其對話將被錄音。 (d) 競投者可透過富藝斯於網站內www.phillips.com的實時競投平台進行網上競投。競投者須於拍賣前至少24小時作網上預先登記。網上競投須得富藝斯投標部許可及投標部有酌情權。如上述第3段，富藝斯建議網上競投者於拍賣前檢視有興趣競投之拍賣品，及可要求索取品狀報告。拍賣中競投速度或會很迅速。為確保網上競投者

與現場或電話競投者競投時不處於劣勢，透過富藝斯網上競投平台競投為單一步驟過程。透過按下電腦屏幕上的競投鍵，競投者即遞交一投標價。網上競投者確認及同意遞交之投標價為已確實及任何情況下或不能修改或退回。於拍賣進行中時，當有非網上投標出現時，該些投標會於網上競投者的電腦屏幕上顯示為“現場”投標。 “現場”投標包括拍賣官為保障底價的投標。倘就同一項拍賣品收到網上競投者及一 “現場”或 “電話”競投者相同之競價，則拍賣官有權自行決定“現場”投標會獲優先辦理。為方便網上競投者競投，下一喊價顯示於投標鍵上，網上競投者之競投價遞增幅度或會與拍賣官實際上下一喊價有所不同。因拍賣官在任何時候可自行決定或會偏離富藝斯之標準遞增幅度，但網上競投者或只可以完整之下一喊價投標。富藝斯之標準競投價遞增幅度載於準買家指引。

加逾港幣7,500,000元以上至港幣50,000,000元部份之21%；加逾港幣50,000,000 元之餘款的14.5%計算。富藝斯保留用酬金支付介紹佣金予一個或多個協助拍品於拍賣會中售出的第三方之權利。

(e) 不論以親身、書面競投、電話競投或網上方式競投, 當競投時即代表競投者接受承擔繳付購買價及所有其他適用費用之責任, 詳情如以下第6(a)段所述。

為方便之前曾競投或於富藝斯拍賣會購買的客戶，富藝斯將接受以美國運通卡，Visa，萬事達卡及銀聯卡繳付每場拍賣最多港幣80萬元之發票。

(f) 不論以親身、書面競投、電話競投或網上方式注冊和參與競投，競投人聲明、保證並確認（i）除非在拍賣前與富藝斯另有明確書面約定，否則競投人代表自己而非代表任何其他人競投；（ii）競投人將從自己的資金中支付款項；（iii）競投人參與拍賣和支付款項均是合法的，並不違反任何適用的制裁法律； (iv) 競投人不是受制裁的司法管轄區的居民或其所在地並非受制裁的司法管轄區，包括但不限於俄羅斯、白俄羅斯、伊朗和北韓；及 (v) 任何競投人或其代理人之投標均不是任何串謀或其他反競爭協定的產物，且未違反任何適用法律、政府制裁和不時生效的其他監管措施。 (g) 書面及電話競投是本公司提供予準買家之免費服務，本公司將盡合理努力代其競投。除了故意瀆職的情況外，本公司不會對因未能執行書面或電話競投，或在當中出現之任何失誤或遺漏負任何責任。 (h) ✱ 高額拍賣品標有此符號[*]的拍賣品為高額拍賣品。如欲競投高額拍賣品，準買家必須在拍品所屬的拍賣時段開始24小時前完成富藝斯有關高額拍賣品的預先登記程序，並符合相關要求。已完成有關高額拍賣品的預先登記程序及符合要求的準買家將獲發高額拍賣品競投牌。拍賣高額拍賣品時，拍賣官將只接受高額拍賣品競投牌之出價。詳情請向籌備拍賣會之有關部門查詢。 (i) 富藝斯及其附屬公司之僱員，包括拍賣官，只可在不知底價及全面遵守本公司的僱員競投內部規例之情況下進行書面競投。 5 拍賣規定 (a) 除非標有 • 符號, 否則所有拍賣品均有底價限制, 底價是一富藝斯與賣家達成協議的保密最低出售價。該底價不會高於拍賣前低估價。 (b) 拍賣官可隨時酌情決定拒絕或接受任何競投, 撒回任何拍賣品, 重新出售拍賣品(包括在落槌後), 以及如遇出錯或爭議時採取其認為是合適之其他行動。富藝斯不會為拍賣官之行動承擔任何責任。如在拍賣後有任何爭議, 將會以本公司的拍賣紀錄為確鑿。拍賣官或會接受富藝斯附屬公司競投者在不知道該拍賣品之底價的情況下之競投。 (c) 拍賣官會以其認為合適之喊價開始及繼續拍賣。為保障所有拍賣品的底價, 拍賣官在不一定表示的情況下, 可代表賣家以接連投標或競投之方式就拍賣品作出競投直至達到底價。就不設底價的拍賣品,除非已有競投,否則拍賣官一般會以拍賣品的拍賣前低估價的50%開始拍賣。若在此價格下並無投標,拍賣官會自行斟酌將價格下降繼續拍賣,直至有客戶開始競投,然後再由該投標價向上繼續拍賣。在沒有更高叫價的情況下, 以書面投標競投無底價拍賣品會以拍賣前低估價大約50%成交。但若該投標價低於拍賣前低估價的50%, 則以該投標價成交。如果無底價拍賣品沒有任何叫價, 拍賣官會自行決定該拍賣品為流拍。 (d) 本拍賣會以港元進行拍賣及須以港元繳款。為方便海外客人, 圖錄內之拍賣前估價或會用美元及或歐元, 及會反映大概兌換率。因此, 美元或歐元的估價只供參考用。為方便競投者, 本公司於拍賣會上或使用貨幣兌換顯示板, 富藝斯不會為任何貨幣兌換計算出現錯誤承擔任何責任。 (e) 在拍賣官之酌情下, 其出價最高且被拍賣官接受的競投者將為買家, 下槌則顯示最高競投價之被接受, 亦表示賣家與買家之間的拍賣合約之訂立。拍賣品之風險及責任將如載於以下第7段轉移到買家。 (f) 如拍賣品沒有售出, 拍賣官會宣佈該拍賣品為“流拍”, “撤回”, “送回賣家”。 (g) 任何於拍賣會後的拍品買賣均受業務規定及著作保證所限制, 如同拍品於拍賣會中出售。 6 購買價及付款 (a) 買家同意支付本公司除每件拍賣品之落槌價以外，亦會支付本公司酬金及所有適用稅項及費用。買家應支付酬金費率為：拍賣品落槌價首港幣7,500,000元之27%，

(b) 付款須由發票抬頭人，以港元及按照發票上之詳細銀行資料以電匯方式支付。請提及相關發票號碼。不論是否打算申請該拍品的進出口證或其他許可證，均需在拍賣後立即付款。逾期付款將被收取年利率12%的利息。 (c) 如果您是首次於網上競投的新客戶，為安全理由，您將必須以電匯支付您的拍品，這是富藝斯就所有網上競投的新客戶的標準政策。

(d) 所購拍賣品之擁有權將於富藝斯全數收取後方可轉移。富藝斯概無責任將拍賣品交給買家直至拍賣品之擁有權已轉移，且已獲提供適當確認而提早交付不會影響擁有權之轉移或買家支付買入價之無條件責任。 7 提取拍賣品 (a) 富藝斯直至確認全數收取及買家於富藝斯或其附屬公司沒有欠款，包括任何根據以下第8(a)段所述需繳之任何費用; 及我們滿意買家所需其他條款後(（包括向本公司提供所需之資料與文件，用於客戶的盡職調查、「認識客戶」合規驗證檢查，並完成反洗黑錢、反恐怖主義之財務及制裁審查），會將拍賣品交予買家。買家在完成以上全部條件後，應致電+852 2318 2000以安排領取拍賣品。 (b) 買家須於拍賣後7天內安排提取拍賣品。拍賣後所有拍品會被儲存在外。如欲提取拍品，煩請與我們運輸部聯絡，電話：+852 2318 2000。未能提取的拍品均會被收取有關轉移，利息，儲存等相關費用。已買之拍賣品之風險，包括投保責任由買家承擔，由 (I) 領取; 或(II) 拍賣會後7天，以較早日期為準。直到風險轉移，富藝斯將就拍賣品之任何損失或損毀向買家支付賠償，惟以所付之買入價為最高限額，並受我們一般損失或損毀拍賣品安排所限制。 (c) 為方便客戶，富藝斯可在不另收費下，包裝拍賣品作手提用。我們並不會提供包裝、處理、保險及付運服務。我們可依據買家之指示與付運代理(不論是否由富藝斯所建議)協調及促成閣下於本公司購買貨物之包裝、處理、保險及付運於富藝斯所購的拍賣品。買家須承擔所有任何指示之風險及責任，本公司將不會負責或承擔其他的包裝員或運送員之行為及遺漏引致的任何責任。當買家或代表買家的第三方運送人士在富藝斯業務地點接收拍賣品時，即代表拍賣品已被買家提取。買家須負責支付任何進口關稅和拍賣品因進口到最終目的地所須付的當地稅項。 (d) 富藝斯在將拍賣品交予買家或買家之授權於代表前，要求出示政府發出之身份證明。 8 未提取拍品 (a)倘買家支付全數但未有於拍賣會後30天內提取拍賣品，買家將會被收取逾期提取費用。每件未提取的拍品費用為每天港幣80元。我們在全數收到該些費用後方會將拍賣品交予買家。 (b) 倘已繳付拍品，但未於拍賣會後6個月內提取該拍品，則買家授權富藝斯(經通知後) 安排以拍賣或私人出售以重售該物品，而估價及底價(如果是拍賣)和淨售價(如果是私人出售) 將由富藝斯酌情決定。除非買家在有關轉售後兩年內收取該出售之所得款項扣除存倉費及任何其他買家欠富藝斯或其附屬公司之所有費用，否則該筆款項將被沒收。 9 欠繳款之補償方法 (a) 在不影響賣家可能擁有之任何權利之情況下，倘買家在未預先協定之情況下未能在拍賣會後7天內悉數繳付拍賣品購入價，富藝斯可全權決定行使以下一項或多項補救方法: (I)將拍賣品貯存在其處所或其他地方，風險及費用完全由買家承擔; (II)取消該拍賣品之銷售，保留購入價任何部分繳款作為違約金; (III)拒絕買家未來作出之競投或使其就未來之競投須支付保證金; (IV)收取由到期日至悉數收取買入價當日期間按每年12%之利率計算之利息; (V)對買家由富藝斯所管有之任何物品行使留置權及指示富藝斯附屬公司對其管有買家之任何物品行使留置權。在知會買家後，並在發出該通知之30天後可安排出售該物品，以及將所得款項用以支付結欠富藝斯或其附屬公司扣除本公司標準賣家佣金，所有其他有關費用及任何適用稅項; (VI)以拍賣或私人出售重售該拍賣品，而估價及底價將由富藝斯合理地酌情決定。倘該重售之價格低於該拍賣品之落槌價及買家應支持之酬金，買家將仍須承擔該差額，連同該重售產生之所有費用。(VII)展開法律訴訟，以收回該拍賣品之落槌價及買家應支持之酬金，連同利息及該訴訟之費用; (VIII)以富藝斯或其附屬公司結欠買家之任何金額抵消買家就拍賣品結欠富藝斯之任何金額; (IX) 向賣家透露買家之名稱及地址，使賣家可展開法律訴訟，以收回欠款及申索法律費用; 或(X)採取本公司認為適當及需要之任何行動。

(b)在收到富藝斯附屬公司通知買家未能付款後，即買家不可撤銷授權富藝斯對買家所管有之任何物品行使留置權。富藝斯會通知買家有關行使留置權。在收到富藝斯附屬公司通知買家未能付款後，買家亦不可撤銷授權富藝斯抵押買家被管有的物品以支持任何欠款。如買家之物品被送往有關公司進行抵押，富藝斯將會告知買家。 (c) 如買家未能繳付款項，買家不可撤銷已授權富藝斯指示其附屬公司將買家被管有的物品以買家代理人之身份交予富藝斯指定的第三方作購入價及任何其他欠款之典當或抵押。此項安排將於以書面通知買家後不少於30天進行，出售物品以所獲得的出售金額(扣除出售之標準賣家佣金及其他有關費用及任何適用稅項)支付富藝斯或其附屬公司。 10 決定撤銷富藝斯有權撤銷拍賣及沒有義務通知買家，如本公司有理由相信賣家與著作保證之間涉及違約或有第三方欲以不良意圖索償。當富藝斯決定撤銷拍賣及通知買家後，買家應儘快將拍賣品退回富藝斯，而本公司會退還我們所收的購入價。如以下第14段所述，退還款項應為買家唯一的補償及向富藝斯與賣家對手段撤銷拍賣的追索。 11 出口，入口及瀕危物種許可證及執照在競投任何拍賣品前，準買家應對拍賣品先作獨立調查以確定是否需要以許可證出口香港或進入其他國家。準買家應注意某些國家禁止入口含有由植物或動物材料如珊瑚、鱷魚、象牙、鯨骨、巴西玫瑰木、犀牛角或玳瑁殼的物品，不論其年份、百分比率或價值。同樣，在競投任何拍賣品前，準買家如欲將購得之拍賣品出口亦應查核並了解有關國家之出口及入口限制。請注意美國禁止入口任何含有非洲象牙的產品。亞洲象的象牙可被進口到美國，而該進口必須附有獨立科學分析報告以證明有關物品的起源地及確認物品的年期已超過一百年。有關任何含有象牙以外的瀕危物種藏品，進口者須提供證明文件鑑定物種及藏品之年期以顯示該藏品為古董。買家須進行獨立評估以認證藏品上之瀕危物種物料及認證藏品之年期為不少於一百年。如欲計畫入口藏品到美國的準買家不應依靠富藝斯編列於圖錄內藏品上的瀕危物種物料或藏品之年期及必須諮詢具有專業資格的獨立鑑定者後再參與競投。買家須承擔責任及遵守所有入口及出口之法例及應取得所需的的出口，入口及瀕危物種的許可證及執照。不獲發或延遲獲發任何所需之許可證或執照並非取消銷售或延遲繳付全數貨款之充分理由。請注意我們為方便客戶而在含有可能受管制植物或動物物料的拍賣品上附加標記，但附加標記時如有任何錯誤或遺漏，富藝斯恕不承擔任何責任。出口、進口、銷售和/或使用稅買家應注意，他們需負責所有與他們運輸或代表他們運輸進口及出口其拍賣品的有關費用、關稅和稅款，包括任何因將拍賣品進口到美國而適用的銷售稅和/或使用稅。進出口禁令和限制買家應注意，本次拍賣中出售的物品出口至某些國家/地區（包括俄羅斯和白俄羅斯）可能因政府制裁和不時生效的其他監管措施而遭禁止。請聯繫籌備拍賣會的有關部門以便瞭解更多詳情。 12 美國運輸及進口海關關稅有意將拍賣品進口至美國的買家必須注意，美國海關可能會對源自美國境外或在美國境外創作或製造的拍賣品徵收額外進口稅及/或特別關稅。原創、手工製作或限量版的藝術品、雕塑、版畫、照片及/或石版畫則被視為「資訊材料」或可獲豁免。美國競投者建議於競投拍賣品前向當地海關查詢。倘本公司知悉，富藝斯將在拍賣品圖錄中標明拍賣品製造、生產或原產國家。然而，請注意，本公司提供任何該等標示僅為方便競投者。富藝斯不承擔任何錯誤責任，包括未能標明此等資料。美國銷售及/或使用稅要求把拍品運輸至美國的買家需負責繳付所有及任何適用的銷售及/或使用稅。 13 資料保障 (a) 閣下同意並了解，我們可能會根據公司的私隱條例隨時處理你的個人資料（包括可能被歸納為敏感性個人資料）。我們的私隱條例刊載於www.phillips.com，或可電郵至 dataprotection@phillips.com 索取副本。

(b) 我們的私隱條例闡述：(i) 本公司將會或可能收集及處理的個人資料類別； (ii) 本公司將會或可能收集及處理閣下個人資料的目的 (包括提供拍賣、私人買賣及相關服務；以執行業務規定；展開身份及信用審查；通知閣下或感興趣有關於本公司將舉行的拍賣、活動資訊；及推行與完善本公司業務之管理及運作）；(iii) 本公司處理閣下個人資料的法律依據；(iv) 閣下對本公司處理你個人資料的權利；及(v) 適用法律要求的各項其他資訊。 (c) 富藝斯可能會對其物業、銷售及展覽範圍內進行錄影監控，閣下與富藝斯之間的溝通包括電話和網上對話（如電話和網上競投）亦會被記錄。本公司將根據私隱條例記錄和處理此等資料。 14 法律責任限制 (a) 根據以下(e)段，富藝斯，其附屬公司之所有法律責任及賣家與買家在拍賣品銷售關係乃受買家實際所付的購入價限制。 (b) 除非在此第14段所提及，富藝斯，其附屬公司或賣家均無須(I)負上任何錯誤或遺漏之責任，不論是以口述或書面，富藝斯或其附屬公司提供予準買家之資訊或 (II) 富藝斯或其附屬公司在有關於拍賣行為或對任何其他有關拍賣品銷售因處理或遺漏，不論疏忽或其他原因而對任何競投者承擔。 (c) 除著作保證以外的保證，明示或暗示，包括品質滿意和適用性保證，均被富藝斯，其附屬公司或賣家在法律允許的最大範圍內所排除。 (d) 根據以下(e)段，富藝斯，其附屬公司或賣家均無須對於上段(a)提及買家除退款外之任何損失或損害負責。不論該損失或損害為直接，間接，特別，附帶的或後果，或在法律允許的最大範圍內用以支持購入價之利息。 (e) 在業務規定沒有規管的應被視為排除或限制富藝斯或其附屬公司對買家負上因我們之疏忽對死亡或受傷所造成的任何欺詐或虛假陳述的責任。 15 版權所有由富藝斯或為富藝斯在圖錄中與拍賣品有關之製作的一切影象，圖標與書面材料之版權，無論何時均屬富藝斯財產。未經本公司事先書面同意，買家或任何人均不得使用。富藝斯及賣家均沒有陳述或保證買家就投得的拍賣品取得任何拍賣品或其他複製的權利。 16 一般資料 (a) 該此業務規定(於上述第1 段所改變或補充)及保證造成各方對交易之預期及取代所有之前及當時的書面，口頭或暗示之理解，說明和協議。 (b) 給予富藝斯之通知應以書面形式發出，註明拍賣之負責部門及銷售圖錄開端指定之參考號碼。給予富藝斯客戶之通知應以彼等正式通知富藝斯之最新地址為收件地址。 (c)未經富藝斯書面同意前，任何買家不得轉讓該等業務規定，但對買家之繼承人，承付人及遺產執行人具有約束力。 (d) 倘因任何理由無法執行該等業務規定之任何條文，則餘下條文應仍然具有十足效力及作用。任何一方行使，或沒有延遲行使，在該等業務規定任何權利或補救可作免除或釋放全部或部分。 (e) 如業務規定，買家指引及/或重要通知之英文版本及中文版本有差異或不符，則以英文版本之內容為準。 17 法例及司法權 (a) 該等業務規定及保證之權利及義務，及其有關或適用之所有事宜須受香港法律規管並按其詮釋。 (b) 就富藝斯之利益而言，所有競投者及賣家同意香港法院擁有專有司法權，調解所有因與該等業務規定及著作保證有關或適用之所有事宜或交易之各方面而產生之紛爭。各方均同意富藝斯將保留權利在香港法院以外之任何法院提出訴訟。 (c) 所有競投者及賣家不可撤回同意透過傳真，親身，郵寄或香港法例，送達地點之法例或提出訴訟之司法權區之法例允許之其他方式，將有關任何法院訴訟之法律程序文件或任何其他文件送發至買家或賣家知會富藝斯之最新地址。

著作保證

富藝斯保證在拍賣日起的5年期間為圖錄內用粗體或大楷標題之物品保證了著作權。保證受以下及本圖錄所載末準買家指引後的重要通告所排除及限制。 (a) 富藝斯對任何拍賣品只給予原來紀錄之買家(即登記成功拍賣之競投人)保證著作權。此保證著作權並不伸延至(i) 物品其後的擁有人，包括買家或收件人以禮物形式由原來買家，後代，繼承人，受益人及指定人送出; (ii) 圖錄內對物品的描述與物品著作有意見上的矛盾; (iii) 我們於拍賣日歸納著作與專家，學者或其他專家普遍接納之意見一致; (iv) 能正確地鑒定拍賣品的科學鑒定方法在圖錄編印之不為一般所接受，或在圖錄載登時，此方法過份昂貴或不實際或可能損壞拍賣品的情況;或(v) 若根據拍賣品於圖錄之標題，該拍賣品並無重大喪失任何價值。 (b) 如欲因著作保證而索償，富藝斯保留其權利，作為撤銷拍賣之條件，及要求買家提供兩名為富藝斯及買家雙方接納之特立及行內認可專家之報告，費用由買家承擔。富藝斯無須受買家出示之任何報告所規限，並保留權利尋求額外之專家意見，費用由富藝斯自行承擔。倘富藝斯決定根據本保證取消買賣，富藝斯或會將經雙方審批之獨立專家報告所需之合理費用退還予買家。 (c) 受上述(a)所說明，買家或可就著作保證在以下情況下提出伸索(I)買家在收到任何導致買家質疑拍賣品之真偽之資料後3個月內以書面通知富藝斯，註明購買該拍賣品的拍賣編號，圖錄內拍賣品編號及被認為是膺品的理由及(II) 將狀況與銷售予買家當日相同，並能轉移其妥善所有權且自銷售日期後並無出現任何第三方申索之物品退還予富藝斯。富藝斯有權免去任何以上(c)小段或(b) 小段所說明之要求。 (d) 買家明白及同意對違反著作保證之獨有補償為撤銷銷售及退還原來所付之購入價退還款項應為買家唯一及取代其他法律形式的補償及向富藝斯與賣家對撤銷拍賣的追索。這亦代表富藝斯，其附屬公司或賣家均無須對此著作保證之補償退款外之任何損失或損害負責。不論該損失或損害為直接，間接，特別，附帶的或後果，或為原有購入價支付利息。

香港九龍西九文化區柯士甸道西8號西九文化區管理局大樓G/F phillips.com +852 2318 2000 bidshongkong@phillips.com • 以個人名義購買

請提供政府發出的身份證明文件及最近3個月的住址證明。

請填妥此表格並於拍賣日前24小時電郵至bidshongkong@phillips.com。敬請細閱表格右列須知，並選擇閣下欲以個人名義或公司名義參與是次競投。請選擇此表格之競投方式(選一項)：

現場競投書面競投電話競投

競投牌號碼

公司名稱(如適用)

文件(如公司註冊證書)之副本及擁有人(包括最終實益擁有人) 及董事的證明文件，以核實有關公司。

• 業務規定

所有投標的處理及執行、及所有拍品的成交及購買均按照圖錄所載之業務規定執行。請於參與競投前細閱業務規定，並細閱第4段之內容。

競投。

• 本公司會按每件拍品落槌價向成功競投者收取佣金或買家

以個人名義以公司名義

稱謂

如閣下以商業實體名義購買，請提供由政府發出的公司證明

• 如閣下未能出席拍賣會，本公司樂意代表閣下進行保密的書面

請選擇閣下是次競投名義(選一項)：

拍賣名稱

• 以公司名義購買

支付之酬金。買家應支付本公司酬金，酬金費率為：拍品落槌價首港幣7,500,000元之27%，加逾港幣7,500,000元以上

名字

拍賣編號

地址

姓氏

電話

手提電話

於拍賣時聯絡閣下的電話號碼 (只供電話競投用)

• 如欲進行書面競投，請列明每件拍品之最高限價(買家酬金不計在內)。拍賣官將參考底價及其他競投價，盡力以最低價進行

不在場投標，會以售前低估價大約50%成交，但是若該投標價低於售前低估價的50%，則以該投標價成交。

• 投標價必須以拍賣當地的貨幣為單位，及或會被調低至最接近拍賣官喊價遞增幅度之競投金額。

• 如本公司就同一項拍賣品收到相同競價之委託，則最先收到之委託獲優先辦理。

傳真

• 書面及電話競投是本公司提供予準買家之免費服務，本公司將盡合理努力代其競投。除了故意瀆職的情況外，本公司不會對

因未能執行書面或電話競投，或在當中出現之任何誤失或遺漏

負任何責任。電話競投者必須以函件或傳真儘快確認投標獲辦

所用語言 (只供電話競投用) 以下部份只適用於電話及書面競投拍品編號拍品簡要敍述

•「購買」或無限價競投標將不獲接納。閣下可於拍品編號之間

競投。在沒有更高價的情況下，對不設底價的拍賣品所提交的國家

電郵地址

至港幣50,000,000元部份之21%；加逾港幣50,000,000元

之餘款的14.5%計算。

以「或」字作兩者(或若干)中擇一競投。

客戶號碼

城市郵編

拍賣日期

理。電話競投對話過程或會被錄音。

港幣最高競投價

(順序) 只適用於書面競投

• 請將填妥之競投表格於拍賣日前至少24小時電郵至

bidshongkong@phillips.com或傳真至 + 852 2318 2010 予

投標部。閣下將於1個工作天內以電郵方式收到確認。如欲以

電話聯絡投標部，請致電 +852 2318 2029 。

• 閣下可使用信用卡 (每場拍賣上限為港幣800,000元) 或以電匯方式付款。

• 拍品需於本公司收到全數結清之款後方能提取。

•在富藝斯的處所範圍、拍賣會場及展覽場地內可能進行錄像監控。電話對話如電話競投亦有可能被錄音，本公司會根據隱私政策處理該資料。

• 閣下簽署本競投表格，即表示閣下了解並同意本公司將依據我們的私隱政策處理你的個人資料，包括「敏感性資料」。私隱政策刊載於www.phillips.com，或可電郵至 dataprotection@phillips.com索取副本。 * 買家酬金不計在內

簽署

日期

提交此表格代表閣下確認上述登記/競投價並接受富藝斯載於圖錄及網站之業務規定。

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