Saturday, March 06, 2010

The Mondani Collection of 309 Rolex Wristwatches (Antiquorum)

The Mondani Collection of 309 Rolex Wristwatches attains
CHF 11,037,278 at Antiquorum Geneva sale and achieves world record price of CHF 738,500 for a Rolex watch at auction.
The total, astounding, result after today’s second session, for the auction of the Mondani Collection is CHF 11,037,278 (€7,124,783.69) with 100 % of the lots sold for 200% of the value. Several more world records were set. Most significantly by lot number 293, Ref. 4113 “Chronographe Rattrapante” that sold for CHF 738,500; the highest price ever paid for Rolex watch at auction!

Other world records for watches in their categories were the CHF 469,700 paid for lot 249, Ref. 6062 in yellow gold with diamond indexes and moonphases, and the CHF 118,000 achieved by lot 276 Ref. 6541 “Milgauss” with black dial. The Rolex Panerai, lot 246, sold for a world record of CHF 112,000 as well as lot 247 a Bubbleback and lot 193; an Airking model.
Strong, international bidding from every corner of the world via means of the telephone and on-line as well as from the many enthusiastic bidders gathered in the auction room at the Mandarin Oriental Hotel in Geneva.
Osvaldo Patrizzi, Chairman and CEO of Antiquorum said after the sale that the this has been one of the most remarkable experiences in his entire career as an auctioneer and watch expert. This sale has proven that the collectors have no limit in price when it comes to acquiring watches of superb quality and with a solid history such as those included in the Mondani collection.
Fresh market levels have been established for Rolex collectors watches and especially for the important pieces’ a new price basis has been set. Altogether the watch collecting market looks very promising at present and the future is prosperous.
Guido Mondani was indeed very happy with the outcome of the sale. He commented that “It has been a magnificent experience all along and I am very happy to see that my choices are appreciated to such an extent by collectors”. Mr. Mondani further said he has already a started another collection, however, did not want to specify its nature.

1 comment:

amshogoamakuza said...

Wow, these watches are truly expensive. But I guess they are all worth it. :)

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