I really do not know how to phrase this, but if you like lighthouse memorabilia, then this is the ultimate to have!
It is a watch by Patek Philippe called ‘The Lighthouse’, a pink gold wristwatch with center seconds and cloisonné enamel dial, (Sale 2919, lot 4715, estimate: HKD 1,600,000 – 2,400,000/ USD 200,000 – 300,000). It is for sale at Christie’s Auction House for the Spring 2012 Important Watches Auction on May 30, 2012.
If you do not know what a Patek Philippe is, then please read the short blurb below from artdayly.org:
The Timeless Appeal of Patek Philippe
Founded in 1845, Patek Philippe is one of the most reputable and desired watchmakers in the world. The company first drew the attention of European elite with their horological advances when they exhibited the first keyless watches at the Great Exhibition in London’s Crystal Palace in 1851. Since this time, these prestigious timepieces have never wavered in their appeal, due in part to the Swiss manufacture’s philosophy of perfection and commitment to scholarship, craftsmanship and innovation. At Christie’s, close to a third of worldwide watch auctions comprise of Patek Philippe lots, ranging from US$2,000 Calatravas to US$6.2 million for the wonderful and unique Reference 1527, and the majority of our record prices at auction are held by Patek Philippe timepieces. Since 2005, Asia has overtaken the United States as the biggest collector’s market for modern Patek Philippe timepieces and is quickly recognizing the value of their vintage timepieces.
A very large photo of the watch can be seen here on the Christie’s photo page.
The Important Watches auction will be held on May 30, 2012. For more information check out Christie’s website here.
I will check back on what it sold for on the twelfth of May. It will be interesting to see if it exceeds the quotes.
More information here in the Press Release.
The watch sold on May 30, 2012 for double the estimated value! More information here.
HK$1,600,000 – HK$2,400,000
US$207,087 – $310,630
The Patek Philippe lighthouse watch sold for more than double its estimate!