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May 13, 2009 / Monsieur D

Several platinum watches sold at auction

A prestigious auction in Geneva has seen the sale of several platinum items, including three watches.

Held by Antiquorum on Sunday (May 10th), 331 lots were on display at the Grand Hotel Kempinski in the Swiss city, one of which was a platinum tourbillon “perpetual calendar” timepiece made by Bregeut in 2005.

The watch sold for 98,400 CHF ($89,455) and joined a unique dial Patek Philippe platinum timepiece with moon phases, one-minute tourbillon regulator and retrograde perpetual calendar, which upped the ante when it sold for 696,000 CHF ($632,737).

An International Watch Co model was also sold for 96,000 CHF ($87,273) featuring a platinum IWC buckle.

Etienne Lemenager, director and watch expert for Antiquorum, said: “Today’s results prove that the current market represents an exceptional opportunity to build an impressive collection at reasonable prices for enthusiasts at all price levels.”

Swiss luxury watchmaker Omega recently announced that it will produce a limited edition version of its Speedmaster model rendered in platinum.

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