Miller & Miller Auctions notes spirited bidding on wristwatches

Superb men’s Patek Philippe 5110P ‘World Time, platinum wristwatch, with deployment clasp, Guilloche center dial, skeleton caseback and 33 jewel movement. Sold for $29,500. Miller & Miller Auctions image

NEW HAMBURG, Ontario – An 18K gold ring claw-set with a 4.25-carat solitaire diamond graded VS1 for clarity and K-L for color sold for $33,040 Canadian /$24,560US and a superb men’s Patek Philippe 5110P “World Time” platinum wristwatch brought CA$29,500 /US$21,929 at a Watches & Jewelry Auction held Nov. 23 by Miller & Miller Auctions Ltd. Prices quoted include the buyer’s premium and are in Canadian dollars. Absentee and Internet live bidding was available through LiveAuctioneers.

The men’s Patek Philippe 5110P “World Time” platinum wristwatch (above) featured a deployant clasp, Guilloche center dial, skeleton caseback and marked 33 jewel movement. It came in the original mahogany presentation box with inlaid brass Calatrava lid. The 18K gold ring claw-set with a 4.25-carat solitaire diamond (below) exhibited good-medium cut and came with a certificate of appraisal.

An 18K gold ring, claw-set with a 4.25-carat solitaire diamond graded VS1 for clarity and K-L for color, exhibiting good-medium cut, with a certificate of appraisal. Sold for $33,040. Miller & Miller Auctions image

The sale – 335 lots in all – boasted luxury watches by famous makers such as Omega, Rolex, Patek Philippe, Piaget, Omega, Tag Heuer and others, plus an exquisite selection of equally luxurious jewelry items, by names such as Cartier, Sabbadini and Birks, plus Art Deco and period jewels. Many of the jewelry items featured high-quality gold, diamonds, tanzanite and colored stones.

“Clearly the market for more antique pieces is hot right now,” said Roberta Bielak, a Miller & Miller Auctions Ltd. jewelry specialist and fellow of the Canadian Gemological Association.

Justin Miller of Miller & Miller added, “The market demand for both vintage and contemporary luxury watches by brands like Patek Philippe, Rolex and Omega continues to strengthen with no signs of slowing anytime soon.  We observed many younger hands in the air when watches came up for bid. Young gentlemen didn’t hesitate to spend $2,000 to $3,000 on a vintage timepiece.”

Or more. In addition to the Patek Philippe watch, other top performers included the following:

– A Tag Heuer “6000” 18K gold men’s wristwatch, with the original presentation box (somewhat deteriorated), guarantee papers and certificate, 208.73 grams gross ($4,612).

– An Omega Flightmaster stainless steel men’s wristwatch, made circa 1971 ($4,305).

– An Omega 18K gold Grand Luxe Constellation men’s wristwatch, all original, stamped and trademarked on the outer lug and inner clasp, weighing 122.38 grams gross ($5,842).

Omega 18K gold Grand Luxe Constellation men’s wristwatch, all original, stamped and trademarked on the outer lug and inner clasp. Sold for $5,842. Miller & Miller Auctions image

Women’s watches also performed brilliantly. A few top achievers included:

– A Patek Philippe 18K white gold and diamond Calatrava wristwatch, with bezel and lugs set with 62 well-matched VS quality diamonds of about 0.1 carat each ($9,225).

Patek Philippe 18K white gold and diamond women’s Calatrava wristwatch, with bezel and lugs set with 62 well-matched VS quality diamonds of about 0.1 carat each. Sold for $9,225. Miller & Miller Auctions image

– A Piaget 18K gold and diamond wristwatch having a bezel set with 21 round brilliant cut diamonds of VS quality and a presentation engraving to caseback ($7,380).

– A Rolex 18K gold Datejust women’s wristwatch that bidders fought over despite some band stretching between the links and loss of detail on the bezel and clasp ($5,228).

The following are additional highlights from the auction, which grossed $297,253, including the buyer’s premium. Close to 100 people attended the auction live, while over 600 others registered to bid online.

An 18K white gold ring containing one 2.38-carat emerald-cut center stone with VVS2 clarity and H color, surrounded by 30 high-quality baguettes and round brilliant cut diamonds, brought $8,610; an 18K gold ballerina-style ring with a square-shaped modified antique cushion cut, 12.39-carat violetish-blue tanzanite surrounded by 32 tapered baguette cut diamonds of 3.10 carats total weight, realized $3,382; and a 14K gold emerald cut diamond ring with  a 1.82-carat center stone and baguettes weighing an estimated 2.14 carats total, changed hands for $6,150.

An 18K gold diamond choker necklace, marked “.750” on the clasp, 16 inches long and weighing 109.94 grams gross, went for $4,305; while a Sabbadini 18K gold diamond necklace and earrings set, marked “Sabbadini .750 Made in Italy – Accia 10 FORO” on the inner clasp, garnered $3,998.

Sabbadini 18K gold and diamond necklace and earrings set, marked ‘Sabbadini .750 Made in Italy – Accia 10 FORO’ on the inner clasp, about 15 inches in length. Sold for $3,998. Miller & Miller Auctions image

An 18K gold necklace with a pear-shaped, 1.25-carat diamond, plus a smaller, .055-carat round brilliant cut diamond and 197 round brilliant cut diamonds totaling 12.06 carats, earned $3,998; and a pair of 18K gold earrings with two cushion-cut and faceted matched tanzanites having a total weight of 12.23 carats, each one surrounded by baguette-cut diamonds, finished at $2,768.

Pair of 18K gold earrings with two cushion-cut and faceted matched tanzanites having a total weight of 12.23 carats, each one surrounded by baguette cut diamonds. Sold for $2,768. Miller & Miller Auctions image

For more information contact Miller & Miller Auctions at 519-573-3710 or 519-716-5606 or info@millerandmillerauctions.com.