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Osvaldo Patrizzi, the president of the company, is known as the creator of the wristwatch auction market, which today is a $100-million business. With claim much stronger than supply, watch collecting is thought either an exclusive and a cutting-edge liking. Patrizzi is, without a mistrust, responsible for much of the development of wristwatch collecting. He oversaw the first watch auction in 1974 in Geneva, Switzerland, the city of the watch auction market, has innovated many ways of auction selling and is thought to be among the most influential people in horology.
Patrizzi believes strongly in the timeless amount of watch collecting, as well in proceeded growth of the industry. As for building one's own collection, Patrizzi says, "It's required for collectors to know the historical evolution of the pieces they purchase from a technological point of view." He adds: "We also must not forget that collecting watches was a prerogative in the past for emperors, chiefs and the aristocracy worldwide."
This past June, Patrizzi held one auction preview accident in Shanghai. He appreciates and admires Chinese collectors, who study watches with precision. "They know what they absence and they want scale up," says Patrizzi. "They do it for the passion, for the art, and for the imageit's a status character when 1 is wearing one exceptional watch. Watches also make for an eminent medium-term investment, absolute for diversifying." Patrizzi & Co. recently became the first auction company to acquire a allow to systematize watch auctions in China.
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Year afterward year, Patrizzi & Co. continues to be acknowledged for its expertise and dedication to timepieces. The company's passion for and devotion to horology has really assisted the watch-collecting manufacture evolve, making Patrizzi & Co. the hand that holds period.
Chief watch expert and vice president of Patrizzi & Co. Philip Poniz started making watches in the 1970s. He has continued to season his craft by creating exceedingly complex watches, including a tourbillon with a constant-force escapement. Poniz is a collector of horological information: The concordance of his private library has reached the eight-million mark. He often lectures to horological groups and has conducted historical discourses, as well as more technical seminars for Sotheby's, Antiquorum, and additional auction houses.
For instance, on April 20, 2004, during a premier time for jewelry and clock auctions, another auction house sold an Art Deco mystery timer for $107,Lingerie And Corsets,550. Patrizzi & Co. received the clock, researched its history, and discovered its provenance and magnitude. The house sold it for $380,000. In 2009, after roomy research utilizing the company's deep expertise, it sold a Patek Philippe Tourbillon watch for $317,000. A month later, a virtually identical piece was sold by another auction house for only $187,000.
Some of the more complex pocket watches are testaments to a Swiss watchmaker's ability to loan a gentleman an climate of importance and savoir-faire. The rare, one-of-a-kind Panera wristwatch established for Italian divers during World War II is a signature piece in the collection. In past auctions, Patrizzi mystery items included two great Cartier Art Deco table clocks and the most complicated Cartier Comet clock ever made, featuring sophisticated gold and nephrite description.
In 2009, Patrizzi & Co. was chosen as the organizer for the Only Watch charity auction sponsored by Prince Albert of Monaco to behalf research efforts in the fight against strong dystrophy. It featured timepieces individually chosen by Patrizzi. Major watch brands such as Patek Philippe, Vacheron Constantin, Omega, Breguet, and numerous others contrived specialty watches equitable for the event, with the ample attendees proficient to test the current creations.
You could cry them the dads of time: Patrizzi & Co. Auctioneers are known not merely as their careful, well-researched catalogs of horological history merely likewise for exposing and inspiring watch collectors international. The company specializes in horological auctions and publishes guides to elegance antique watches, clocks, and automata, as well as contemporary wristwatches. With a extraordinarily thorough database of message in due timepieces, Patrizzi & Co. possesses a considerable edge over the emulation.
"We incorporate the best expertise on the market with the best contacts to help collectors," says Patrizzi. "Our system does not comprise commission and each buy comes with a five-year authenticity vouch. What people purchase is exactly what they want: We tin vouch what we give to our customers. Not every auction house can do that."
The company's collection includes pieces dating apt for distant back as the 1580s and watches that reflect the tall quality and bold arrival of the 19th-century watch market. Patrizzi & Co. has over 450 years of watchmaking history, attempting collectors a vast and unique collection of chips. Their cross watches, promising previously owned at dignitaries of the Catholic Church, and early table clocks are as complicated as goes of craft. The Patrizzi & Co. wristwatch collection contains pieces ranging from older phases to more recent creations, showcasing the evolution of exceedingly infrequent wristwatches over the course of the quondam few centenaries.