Watch Collectors Cash In As Phillips Geneva Auction Totals $46 Million
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,619,543 (+1.02%)       Melbourne $993,415 (+0.43%)       Brisbane $975,058 (+1.20%)       Adelaide $879,284 (+0.61%)       Perth $852,259 (+2.21%)       Hobart $758,052 (+0.47%)       Darwin $664,462 (-0.58%)       Canberra $1,008,338 (+1.48%)       National $1,044,192 (+1.00%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $750,850 (+0.34%)       Melbourne $495,457 (-0.48%)       Brisbane $530,547 (-1.93%)       Adelaide $452,618 (+2.41%)       Perth $435,880 (-1.44%)       Hobart $520,910 (-0.84%)       Darwin $351,137 (+1.16%)       Canberra $486,921 (-1.93%)       National $526,132 (-0.40%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 10,060 (-129)       Melbourne 14,838 (+125)       Brisbane 7,930 (-41)       Adelaide 2,474 (+54)       Perth 6,387 (+4)       Hobart 1,349 (+13)       Darwin 237 (+9)       Canberra 988 (-41)       National 44,263 (-6)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,768 (-27)       Melbourne 8,244 (+37)       Brisbane 1,610 (-26)       Adelaide 427 (+6)       Perth 1,632 (-32)       Hobart 199 (-5)       Darwin 399 (-5)       Canberra 989 (+1)       National 22,268 (-51)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $600 ($0)       Brisbane $640 ($0)       Adelaide $600 ($0)       Perth $650 (-$10)       Hobart $550 ($0)       Darwin $700 ($0)       Canberra $680 (-$10)       National $660 (-$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $585 (-$5)       Brisbane $635 (+$5)       Adelaide $495 (+$5)       Perth $600 ($0)       Hobart $450 (-$25)       Darwin $550 ($0)       Canberra $570 ($0)       National $592 (-$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,449 (+85)       Melbourne 5,466 (+38)       Brisbane 3,843 (-159)       Adelaide 1,312 (-17)       Perth 2,155 (+42)       Hobart 398 (0)       Darwin 102 (+3)       Canberra 579 (+5)       National 19,304 (-3)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,769 (+82)       Melbourne 4,815 (+22)       Brisbane 2,071 (-27)       Adelaide 356 (+2)       Perth 644 (-6)       Hobart 137 (+2)       Darwin 172 (-4)       Canberra 575 (+6)       National 16,539 (+77)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.57% (↓)       Melbourne 3.14% (↓)       Brisbane 3.41% (↓)       Adelaide 3.55% (↓)       Perth 3.97% (↓)       Hobart 3.77% (↓)     Darwin 5.48% (↑)        Canberra 3.51% (↓)       National 3.29% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.19% (↓)       Melbourne 6.14% (↓)     Brisbane 6.22% (↑)        Adelaide 5.69% (↓)     Perth 7.16% (↑)        Hobart 4.49% (↓)       Darwin 8.14% (↓)     Canberra 6.09% (↑)      National 5.85% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 30.2 (↑)      Melbourne 31.9 (↑)      Brisbane 31.5 (↑)      Adelaide 26.3 (↑)      Perth 35.7 (↑)        Hobart 32.0 (↓)     Darwin 36.4 (↑)      Canberra 30.8 (↑)      National 31.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 30.8 (↑)      Melbourne 31.3 (↑)      Brisbane 30.2 (↑)        Adelaide 24.1 (↓)     Perth 39.4 (↑)      Hobart 35.1 (↑)      Darwin 47.9 (↑)      Canberra 41.7 (↑)      National 35.1 (↑)            
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Watch Collectors Cash In As Phillips Geneva Auction Totals $46 Million

Watch investors take note.

By Terry Christodoulou
Mon, Jun 29, 2020 5:56amGrey Clock 2 min

Over the weekend, the Phillips Geneva Watch Auction XI marked the return of the live watch auction – the first since the global Covid-19 crisis.  With 210 lots on offer, the event experienced energetic bidding from buyers across at least 67 countries totalling approximately $46 million.

The sale, conducted by Phillips in association with Bacs & Russo at the Hôtel La Réserve in Geneva, was held for a limited number of live buyers supported by more than 2000 collectors bidding via phone or online.

Phillips
Patek Philippe, ref.1518 perpetual calendar chronograph from 1941.

As far as individual sales, Patek Philippe claimed all three spots on the podium with the premiere lots from the private collection of Jean-Claude Biver – a recognisable force of the Swiss watch industry. Here, the Patek Philippe ref. 1518 perpetual calendar chronograph from 1941 claimed top spot, its moonphase in pink gold and extremely rare pink dial fetching for around $5.1 million.

Patek Philippe ref. 2499, from 1957

In second, was the Patek Philippe ref. 2499 perpetual second series calendar chronograph with moonphases, from 1957. Only 20 known examples of this model – with its yellow gold batons 0  are known to exist, making it a highly sought-after piece. And with nine bidders competing for the watch, it soared to a final price of approximately $3.93 million.

Patek Philippe ref. 1579 from 1946

In third was a Patek Philippe ref. 1579 from 1946, in platinum. Recognisable for its ‘spider’ lugs and blue enamel graphics, it is believed to be one of only three models of this reference with a platinum case, and of those, it is the only watch with a blue scale and markers. As such, the one of a kind piece commanded a $2.91 million sale price.

Phillips Sale
F.P. Journe’s Tourbillon Souverain “Souscription”

Despite Patek Philippe’s dominance across the auction block, the action wasn’t limited to the venerable Swiss brand with the earliest F.P. Journe watches ever made both selling well above their estimates at prices of $2.18 and $1.6 million respectively.

phillips.com



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Original ‘Harry Potter’ Illustration Could Fetch US$600,000, the Priciest Item Ever Sold From the Hit Series
By LAUREN PEACOCK
Fri, May 3, 2024 3 min

An original watercolour illustration for the cover of Harry Potter and the Philosopher’s Stone, 1997  the first book in J.K. Rowling’s hit series—could sell for US$600,000 at a Sotheby’s auction this summer.

The illustration is headlining a June 26 sale in New York that will also feature big-ticket items from the collection of the late Dr. Rodney P. Swantko, a surgeon and collector from Indiana, including manuscripts by poet Edgar Allan Poe and Arthur Conan Doyle, author of the Sherlock Holmes books

The Harry Potter illustration, which introduced the young wizard character to the world, is expected to sell for between US$400,000 to US$600,000, which would make it the highest-priced item ever sold related to the Harry Potter world. This is the second time the illustration has been sold, however—it was on the auction block at Sotheby’s in London in 2001, where it achieved £85,750 (US$107,316).

The artist of the illustration, Thomas Taylor, was 23 years old at the time and a graduate student working at a children’s bookshop. According to Sotheby’s, Taylor took a “professional commission from an unknown author to visualise a unique wizarding world,” Sotheby’s said in a news release. He depicted Harry Potter boarding the train to Hogwarts on platform9 ¾ platform, and the illustration became the “universal image” of the Harry Potter series, Sotheby’s said.

“It is exciting to see the painting that marks the very start of my career, decades later and as bright as ever! It takes me back to the experience of reading Harry Potter for the first time—one of the first people in the world to do so—and the process of creating what is now an iconic image,” Taylor said in the release.

Meanwhile, to commemorate the 175th anniversary of Edgar Allan Poe’s For Annie , 1849, Sotheby’s recently reunited the autographed manuscript of the poem with the author’s home, Poe Cottage, in the Bronx.

The cottage is where the author lived with his wife, Virginia, and mother-in-law, Maria Clemm, from 1846 until he died in 1849. The manuscript, also from the Swantko collection, will remain at the home until it is offered at auction at Sotheby’s on June 26 with an estimate between US$400,000 and US$600,000.

The autographed manuscript will remain at Poe Cottage until it is offered at auction at Sotheby’s on June 26.
Matthew Borowick for Sotheby’s

Poe Cottage, preserved and overseen by the Bronx County Historical Society, is home to many of the author’s famous works, including Eureka , 1948, and Annabel Lee , 1927.

“To reunite the For Annie manuscript with the Poe Cottage nearly two centuries after it was first composed brought to life literary history for a truly special and unique occasion,” Richard Austin , Sotheby’s Global Head of Books & Manuscripts, said in a news release.

For Annie was one of Poe’s most important compositions, and was addressed to Nancy “Annie” L. Richmond, one of the several women Poe pursued after his wife Viriginia’s death from tuberculosis in 1847.

In a letter to Richmond herself, Poe proclaimed For Annie was his best work: “I think the lines For Annie much the best I have ever written.”

The poem was composed in 1849, only months before Poe’s death, Sotheby’s said in the piece, Poe highlights the romantic comfort he feels from a woman named Annie while simultaneously grappling with the darkness of death, with lines like “And the fever called ‘living’ is conquered at last.”

Poe Cottage, preserved and overseen by the Bronx County Historical Society, is home to many of the author’s famous works, including Eureka, 1948, and Annabel Lee,, 1927.
Matthew Borowick for Sotheby’s

In the margins of the manuscript are the original handwritten instructions by Nathaniel P. Willis, co-editor of the New York Home Journal, where Poe published other poems such as The Raven and submitted For Annie on April 20, 1849.

Willis added Poe’s name in the top right and instructions about printing and presenting the poem on the side. The poem was also published in the Boston Weekly that same month.

Another piece of literary history included in the Swantko sale could surpass US$1 million. Conan Doyle’s autographed manuscript of the Sherlock Holmes tale The Sign of Four , 1889, is estimated to achieve between US$800,000 and US$1.2 million.

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