HK Sotheby's Watch Auction - Panerai

[leeye]

Results of the recent Sotheby's watch auction in HK.

http://www.sothebys.com/en/auctions/...ts.list.1.html

Some highlights.

PAM 382 Bronzo sold for HKD 187,500 = SG$29,600 = US$24,200

PAM 339 Marina Militare sold for HKD 162,500 = SG$25,600 = US$21,000

PAM 249 Cali Dial sold for HKD 93,750 = SG$14,800 = US$12,100

PAM 300 Mare Nostrum sold for HKD 437,500 = SG$69,000 = US$56,500

Panerai Prototype Titanium Automatic sold for HKD 956,000 = $150,800 = US$123,300

[golanheights]

I guess the dynamics with HK's auction differs significantly from that of internet trading buy & sell. The close proximity to China market and the chinese demand for luxury brands sustain these data.

Tks for sharing.

Maybe someone should start a ROC forum in chinese operating out of China. Or there is already one.

[leeye]

Well you are right. So more n more watch brands are setting up new outlets/boutiques in 1st/2nd tier cities!

It's a matter of time the Chinese government would reduce taxes on luxury goods to spur domestic spending instead of Chinese buying overseas. Also some kind of tax refund for foreign visitors may be possible in future.

[watchcraze007]

I think what golanheights wants next time is a comparison between how Panerai watches fare in auctions from Sotheby's, to Christies to Antiquorum to Auktionen Dr. Crott (http://www.uhren-muser.de/en/online.html?). Frankly, so do I!

[golanheights]

Hmmm. I am quite happy with Bro leeye's info.
Not doing data deep dive. Just a hobby.

[leeye]

supporting info on wealthly Asians spending trend.

http://sg.finance.yahoo.com/news/wea...202001614.html

[leeye]

Another upcoming auction by Antiquorum Friday October 19, 2012 in HK.

Not many Panerai watches but lots of very nice Patek watches

http://www.antiquorum.com/home/

http://data.antiquorum.com/eng/flip/2012_Oct_HK/