The Imperial Patek Philippe sale, organized by Phillips in Hong Kong on May 23, 2023, featured an exclusive selection of 12 pieces chosen for their condition, rarity and quality, including a historic watch signed by Patek Philippe and once owned by Aisin-Gioro Puyi, the last Emperor of the Qing Dynasty. Total sale, including fees: $6,622,185 USD, or 92% of lots presented.
BEST RESULTS
Lot 3 : PATEK PHILIPPE, Calatrava ref. 96, Steel wristwatch that belonged to Aisin-Gioro Puyi, last Emperor of the Qing Dynasty. Sold for $6,233,260 USD.
Lot 2 : Notebook belonging to Aisin-Gioro Puyi, last Emperor of the Qing Dynasty. Sold for $121,539 USD.
BEST PERFORMANCES
Lot 7 : GOBULO RUNQI “Playing in the classroom”, Various objects and personal effects labeled by Aisin-Gioro Puyi in Chinese. 1106% variation between low estimate and final result ($30,789 USD).
Lot 8 : GOBULO RUNQI “Lunar New Year”, Various objects and personal effects labeled by Aisin-Gioro Puyi in Chinese. 979% variation between the low estimate and the final result ( $27,548 USD).
Lot 12 : GOBULO RUNQI “Two works: (I) Jewelry store tower, The May Banner; (II) Tea house and shops”, Various objects and personal effects labelled by Aisin-Gioro Puyi in Chinese. 725% variation between the low estimate and the final result ( $21,066 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Aisin-Gioro Puyi’s memorabilia and personal effects came in second at $199,324 USD.
AISIN-GIORO PUYI
In second place among the auction’s top sellers were the souvenirs and personal effects belonging to Aisin-Gioro Puyi, which fetched $199,324 USD.
GOBULO RUNQI
With a work achieving a price of $27,549 USD, souvenirs and personal effects belonging to Gobulo Runqi, nephew of Aisin-Gioro Puyi, were the 3rd best-performing item in the sale, with a result of $189,601 USD.
These three categories represent total proceeds of US$6,622,185, or 100% of total sales.
AVERAGE PRICE PER LOT
Given the number of lots, 12 in all, including 1 unsold lot, the average price per lot was $602,017 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the Patek Philippe brand in the lead.
GEOFFROY ADER
