Precious Pocket Watches at Sotheby’s, Including a US$7.7 Million AP
Pocket watches were the main driver of value at Sotheby’s New York auction that just concluded today. The four most valuable lots of the sale were three pocket watches and one clock, totalling over US$16 million with fees. Notably, all four were accrued by the late Robert M. Olmsted over more than six decades, along with numerous other pocket watches in the sale. In all the Olmsted Collection brought over US$20 million, underling the late Olmsted’s discerning eye. The top lot was the most complicated watch ever made by Audemars Piguet, dubbed “Grosse Pièce” for its size. The oversized watch set a record for the brand, selling for just over US$7.7 million including fees. It seemed a rising tide lifted all boats as many other pocket watches in the sale, including those from brands with little cachet today, blew past their high estimates. The big results included a 1930s school watch with a flying tourbillon by German watchmaker Heinz Eberhard that sold for US$355,600 and an oversized tourbillon clockwatch by Charles Frodsham that sold for US$1.12 million. Interestingly, many of these pocket watches went to the same paddle. Patek Philippe The “Grosse Pièce” wasn’t the first timepiece in the sale to clear seven figures. That distinction went to lot 32, a previously unknown Patek Philippe paperweight desk clock made for Thomas Emery, which sold for US$2.73 million. It is one of only three known Patek Philippe desk clocks of this type, with the other two – made...
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