Sotheby’s, Hong Kong, 7 April 2015
Sold for US$125,000
This watch was among 106 lots offered for sale by the same private collector, all of which dated from within the past 15 years. A total of 98 sold for US$2.6m which, on the face of it, might sound impressive. But the likelihood is that the vendor took a substantial hit on the collection, more than half of which comprised Audemars Piguet models – including a Royal Oak Carbon Concept that fetched the top price of the day at US$200,320.
For my money, however, one watch the collector should have held on to is this ceramic Panerai Lo Scienziato double-axis tourbillon with dual time zone and power reserve indication. Launched in 2010 to commemorate Galileo’s pioneering observations of Jupiter’s satellites, the skeletonised, 48mm watch was produced in an edition of just 30 and this (to our knowledge) is only the second to appear at auction. Five years on the price realised was more or less in line with the original retail – indicating a currently stable collector’s piece that is likely to rise in value.