Fake watch - Last Antiquorum 2006 New York Auction Sale

New York City, being one of the major watch auction centers in the world, taking the second place in the watch auction market after Geneva, hosted the last 2006 Antiquorum sale of Important Collectors' Wristwatches, Pocket Watches and Clocks on December, 6-7th.

The auction was measured to achieve amazing results - a collection of altogether 396 timepieces was sold for over $ 7 million. In fact, the occasion marked the second best auction results ever in the history of Antiquorum organized in the USA. The success of the auction once again proved the fact that Antiquorum holds the leading position among the most prominent auction houses involved in watch selling. The triumph of Antiquorum has been scored due to the auction house's gathered experience in the horology sector and advanced ways of holding the auction, such as, for example, providing an opportunity of real time internet bidding, along with rather active telephone and in-house bidders' participation.

The following are the most noteworthy facts about the recent New York Antiquorum auction:

• 284 internet bidders internationally were registered to take part in the auction.
• 83 per cent of all watch lots were sold.
• The modern and vintage watch lots brought sum total of 15 per cent more than were initially estimated (that is 115 per cent).
• There were bidders from Russia, China, Spain, Australia, Canada, and Italy captured by the highly competitive spirit.
• Audemars Piguet Grande Complication Automatique watch was destined to become the auction-star. Its selling price reached US $ 372,400.
• A Rolex Submariner watch, a stainless steel model, set a new world record for this timepiece - it was sold for $ 84,960 - the price that seven times exceeded the expected result.
• Clocks were also among highly-demanded auction items. The most impressive example is the Eiffel Tower clock sold for over $ 14, 000 - that is six times its’ estimate.

The auction's highlight - Audemars Piguet Grande Complication Automatique - was developed in the brand's workshops in 2005. The notable men's watch represents a big-sized timepiece housed in a platinum case. The wonder is equipped with a self-winding movement and provides a minute-repeater function. The other peculiar features of the watch include: a split-seconds chronograph, a co-axial round button, as well as a perpetual calendar with week and moon-phase indicating.

The Antiquorum auction house was founded in 1974 in the city of Geneva. Ever since the auction house has attracted collectors and enthusiasts passionate about exclusive watchmaking creations. Antiquorum has continuously maintained a prerogative of reaching the highest prices for auction-sold wristwatches.

Antiquorum's more than 30-year history proudly comprises a breathtaking auction world record - a wristwatch sold for the record-breaking price - a 1939 Patek Philippe World Time in platinum sold in 2002 for over 4 million dollars. It twice exceeded the previous world record price for a wristwatch acquired through an auction sale. The year 2004 witnessed one more startling record - Patek Philippe Calibre 89 in white gold reached the price of over 5 million US dollars.

At present day Antiquorum organizes 11 auctions annually in Geneva, New York and Hong Kong.