Poly Auction Hong Kong | Spring Auctions 2021 | Important Watches

IMPORTANT WATCHES 名貴鐘錶專場

HONG KONG 22 APRIL 2021 | 香港 2021年4月22日

LOT2329

LOT2218

LOT2342

LOT2344

保利香港 拍賣日程 華瓷御彩：重要清代御窯瓷器甄選 編號：HKS3321-2 2021 年 4 月 21 日 星期三 上午 10:30

懷藏日月：法國杜尚家族藏重要中國藝 術珍品（一） 編號：HKS3321-3 2021 年 4 月 21 日 星期三 順延 逸趣芸窗：文人陳設及佛教藝術 編號：HKS3321-4 2021 年 4 月 21 日 星期三 順延 中國古董珍玩專場 編號：HKS3321-1 2021 年 4 月 21 日 星期三 下午 1:30 現當代藝術專場 編號：HKS1021 2021 年 4 月 21 日 星期三 下午 4:00 璀璨珠寶專場 編號：HKS2621-1 2021 年 4 月 22 日 星期四 下午 1:00 名貴鐘錶專場 編號：HKS2621-2 2021 年 4 月 22 日 星期四 下午 3:30 中國書畫專場 編號：HKS3021 2021 年 4 月 23 日 星期五 上午 10:30 尚品手袋及潮玩專場 編號：HKS2921 2021 年 4 月 23 日 星期五 下午 3:00

歲月留香——珍稀陳年普洱茶專場 編號：HKS1621-2 2021 年 4 月 24 日 星期六 下午 1:30 中外名酒珍釀專場 編號：HKS1621-1 2021 年 4 月 24 日 星期六 下午 4:00

POLY AUCTION (HONG KONG) SALES CALENDAR IMPERIAL TREASURES: A SELECTION OF QING IMPERIAL PORCELAINS SALE: HKS3321-2 WEDNESDAY, 21 APRIL 2021 10:30AM THE DUCHANGE FAMILY COLLECTION OF IMPORTANT CHINESE ART I SALE: HKS3321-3 WEDNESDAY, 21 APRIL 2021 POSTPONE

SCHOLARLY DELIGHTS: FURNISHINGS FROM THE LITERATI’S STUDIO AND BUDDHIST ART SALE: HKS3321-4 WEDNESDAY, 21 APRIL 2021 POSTPONE CHINESE CERAMICS AND WORKS OF ART SALE: HKS3321-1 WEDNESDAY, 21 APRIL 2021 1:30PM MODERN AND CONTEMPORARY ART SALE: HKS1021 WEDNESDAY, 21 APRIL 2021 4:00PM MAGNIFICENT JEWELS SALE: HKS2621-1 THURSDAY, 22 APRIL 2021 1:00PM IMPORTANT WATCHES SALE: HKS2621-2 THURSDAY, 22 APRIL 2021 3:30PM FINE CHINESE PAINTINGS AND CALLIGRAPHY SALE: HKS3021 FRIDAY, 23 APRIL 2021 10:30AM NOBLE HANDBAGS & HYPE COLLECTIBLES SALE: HKS2921 FRIDAY, 23 APRIL 2021 3:00PM RARE PU’ER TEA AUCTION SALE: HKS1621-2 SATURDAY, 24 APRIL 2021 1:30PM CHINESE SPIRIT AND WHISKY AUCTION SALE: HKS1621-1 SATURDAY, 24 APRIL 2021 4:00PM

預 先 登 記 P R E - R E G I ST R AT I O N

若閣下是首次參與競投，同時未獲得保利香港拍賣有限公司認可的註冊客戶推薦，保證金為港幣 500,000 元。如閣下 打算競投高估價拍賣品（在圖錄內及 / 或電子圖錄內標有〇符號之拍賣品），保證金為港幣 1,000,000 元。保利香港 拍賣有絕對權力隨時調整高估價拍賣品之保證金及 / 或手續 , 而不需要另行通知◦在閣下競投前 , 本公司亦有絕對權力 向閣下要求提供任何有關閣下的財務證明。本公司有絕對權力拒絕任何人之競投登記而不需給予任何解釋◦

If this is the first time you bid with Poly Auction (Hong Kong) Limited, and you are not recommended by a registered client endorsed by us, the deposit will be HK$500,000. If you intend to bid on a “Premium Lot”(i.e., a lot marked with 〇 in the printed catalogue and/or the digital catalogue), the deposit will be HK$1,000,000, please be aware the amount LOT2490 of deposit and/or bidding registration procedure for “Premium Lot” can be changed at any time at Poly Auction(Hong Kong)’s sole discretion without prior notice. In either case, you must deliver to Poly Auction (Hong Kong) Limited such necessary financial references, guarantees, deposits and/or such other security as Poly Auction (Hong Kong) Limited may in its absolute discretion require for before your bid. Poly Auction (Hong Kong) Limited may refuse any bidding registration without any explanation at its’ sole discretion.

LOT2345

保�香� 2021 ��拍賣�

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Poly Auction Hong Kong Spring Auctions 2021

Touring Preview

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Beijing

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3 月 24 日� 25 日

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24 to 25 March 298, Gulou East Street, Dongcheng District, Beijing

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29 to 30 March 1008, Beijing West Road, Shanghai

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3 to 4 April Level 3, 100 Songren Road, Xinyi District, Taipei

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18 to 20 April Grand Hyatt Hong Kong 1 Harbour Road, Wan Chai, Hong Kong

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Poly Gallery Hong Kong

4 月 21 日� 24 日 香������ 88 ��古�場 1 期 7 � 701-708 �

21 to 24 April Suites 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong

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Fax: +852 2303 9888

電��+852 2303 9899 電郵�info@polyauction.com.hk

Tel: +852 2303 9899 Email: info@polyauction.com.hk

名貴鐘錶專場

拍賣

2021 年 4 月 22 日 星期四

下午 3:30（拍品 2201-2351） 拍賣編號：HKS2621-2 AUCTION

THURSDAY, 22 APRIL 2021 3:30pm (Lots 2201-2351)

Sale Number: HKS2621-2

LOT2491 LOT2304

專家及服務查詢 SPECIALISTS AND SERVICES ENQUIRIES

POLY AUCTION (HONG KONG) LIMITED MANAGING DIRECTOR 保利香港拍賣 執行董事 ALEX CHANG 張益修 achang@polyauction.com.hk SPECIALISTS 專家團� 專家 +852 2303 9823 ＋ 852 2303 9823

JEW@POLYAUCTION.COM.HK JWL@POLYAUCTION.COM.HK

施 思 SZE SZE 吳嘉韻 KAREN NG HEAD OF DEPARTMENT 葉啟歡 KATHY IP 珠寶�尚品��門主� 党凱翎 KELLY DANG施 思 SZE SZE 林雪 SHALLY LIN 林愷欣 MAGGIE LAM SPECIALIST- WATCH & CLOCK 錢佑尔 SUMMER QIAN 鐘錶專家 KAREN NG

吳嘉韻

SPECIALIST- HANDBAG �貴手袋專家 AMANDA ZHAO

�晶晶

SPECIALIST TRAINEE- JEWELLERY ��專家 KATHY IP

葉啟歡

BUSINESS REPRESENTATIVE(TAIPEI) ���務代� SHALLY LIN

林雪

KELLY DANG TRINITY YU

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ADMINISTRATION 行政團�

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MACAU �門 Miu Cheang ��賢 T: + 853 2875 1013 F: + 853 2875 1014 JAPAN 日� Haruko Kazami �見�� T: + 81 3 6278 8011 F: + 81 3 6278 8012 NEW YORK �� Kenny Wong T: +1 212 273 0822

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璀璨珠寶及名貴鐘錶部專家

MAGNIFICENT JEWELS AND PRESTIGE WATCHES

HEAD OF DEPARTMENT 珠寶及尚品部 部門主管 SZE SZE 施思

SPECIALIST - WATCHES 鐘錶專家 KAREN NG 吳嘉韻

JUNIOR SPECIALIST JEWELLERY 初級專家 KATHY IP 葉啟歡

SPECIALIST TRAINEEJEWELLERY 實習專家

BUSINESS REPRESENTATIVE TAIPEI 台北業務代表

ADMINISTRATIVE ASSISTANT - WATCHES 行政助理

ADMINISTRATIVE ASSISTANT - JEWELLERY 行政助理

KELLY DANG 党凱翎

SHALLY LIN 林雪

MAGGIE LAM 林愷欣

SUMMER QIAN 錢佑爾

LOT2337

�事�主� CHAIRMAN

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�行�事

MANAGING DIRECTOR

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CHIEF FINANCIAL OFFICER

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��� Jamie Yu

林�� Ya-wei Lin ��� June Hsu

楊�� Joseph Yang 馬�� Junnan Ma

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FINANCE@POLYAUCTION.COM.HK

WATCHES

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��� Karen Ng ��� Kathy Ip

�凱� Kelly Dang 林�

Shally Lin

林�� Maggie Lam

�佑� Summer Qian 尚品手��潮品

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林子� Rex Lin

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REPRESENTATIVE OF POLY AUCTION HK

� 瑾 Zhang Jin

LOT2340

IMPORTANT WATCHES

名貴鐘錶專場 目 錄

CONTENTS 2 拍品 Property for Sale 162 鐘錶索引 Watches Index

164 重要通告及目錄編列方法之說明 Important Notices and Explanation of Cataloguing Practice 167 業務規則 Condition of Business

177 競投登記須知 Important Notice about Bidding Registration 178 財務付款須知 Important Notice about Payment 179 競投登記表格 Bidding Registration Form 181 委託競投表格 Absentee Bid Registration 183 裝運委託

Shipping Instructions

LOT???

TABLE CLOCK

2202 WEMPE HAMBURG A RARE AND VINTAGE MARINE MECHANICAL CHRONOMETER, WITH SMALL SECONDS AND POWER RESERVE INDICATOR 2201 JAEGER-LECOULTRE, IMHOF A FINE AND RARE GILT BRASS AND ACRYLIC CLOCK WITH EIGHT DAYS POWER RESERVE, WITH A TURTLE ALARM CLOCK MADE BY IMHOF Marina, Ref. 349, CIRCA 1960 Movement :

Mechanical movement, 16 jewels, signed

Dial :

Black dial with gilt lady figure in traversing landscape with flowers issuing from rock works, applied gilt hour markers, pierced hands, gsigned

Case :

Perspex rectangular case with gilt brass base, signed

With : Imhof turtle alarm clock Measurement 160 × 220 × 45 mm 積家, IMHOF 獨特精美，鍍金黃銅河邊秀女座鐘，備八天動力儲存及IMHOF製烏 龜鬧鐘，「Marina」，型號349，年份約1960

HKD 8,000-18,000 USD 1,000-2,300

2

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

CIRCA 1940s Movement :

Manual, lever escapement, signed

Dial :

Silvered dial with small seconds at 6 and power reserve indicator at 12, signed

Case :

Wood case with original plate and gimbal suspension, signed

Measurement 185 × 185 × 180 mm WEMPE HAMBURG 複古罕見， 航海機械天文鐘，備小秒針及動力儲存顯示，年 份約1940s，附原廠木盒

HKD 5,000-15,000 USD 600-1,900

IMHOF

Inclined Plane Gravity Clock

2203 IMHOF A VERY FINE AND SPECIAL GILT BRASS AND WOOD INCLINED PLANE GRAVITY CLOCK CIRCA 1980 Movement :

The motive force of the clock is provided by a WEIGHT placed inside the movement acting against the resistance of the development of the going train, thus replacing the barrel. On the axis of the centre wheel is fixed a lever with a WEIGHT which serves as a speed regulator. During the descent, the cylinder drives the movement and the dial, while the hour hand (or the hour and minute hands) weighted remains fixed and indicates the countdown time of the movement of said cylinder.

Dial :

White dial, signed

Case :

Yellow gold case, signed

With : Wooden bridge Diamerter 100 mm IMHOF 非常罕有特別，鍍金及木質傾斜滾筒鐘，年份約1980

HKD 20,000-40,000 USD 2,600-5,100

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

3

JEAGER-LECOULTRE Atmos Clock

2205 JAEGER-LECOULTRE A FINE AND RARE GILT BRASS AND PLEXIGLASS ATMOS CLOCK 2204 JAEGER-LECOULTRE A FINE GILT BRASS AND PLEXIGLASS ATMOS CLOCK Atmos, CIRCA 1990 Movement :

Mechanical movement wounded by changes in temperature, cal. 540, 13 jewels, signed

Dial :

Skeletonised dial with white chapter ring, applied gilt Arabic numerals and hour marker, gilt hands with blackened tips, signed

Case :

Gilt brass rectangular case with plinth, aperture to view the pendulum, small glazed aperture for the water level, signed

Measurement 175 × 130 × 220 mm 積家 精美，鍍金黃銅空氣鐘，「Atmos」，年份約1990

HKD 10,000-20,000 USD 1,300-2,600

4

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

Atmos, Ref. 5924, CIRCA 1990 Movement :

Mechanical movement wounded by changes in temperature, cal. 526, 15 jewels, signed

Dial :

Skeletonised dial with gilt chapter ring and Roman numerals, signed

Case :

Gilt brass rounded case with plinth, aperture to view the pendulum, small glazed aperture for the water level, signed

Measurement 180 × 125 × 330 mm 積家 精美罕有，鍍金黃銅空氣鐘，「Atmos」，型號5924，年份約1990

HKD 10,000-30,000 USD 1,300-3,800

2207 ZENITH A FINE STAINLESS STEEL RECTANGULAR CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH DATE AND 50-HOUR POWER RESERVE INDICATOR PORT ROYAL, Ref. 03.0560.4039/21.C647, CIRCA 2008

2206

Movement :

Automatic, cal. 4039B, 41 jewels, signed

CARTIER

Dial :

A FINE STAINLESS STEEL TONNEAU-SHAPED AUTOMATIC BRACELET WATCH, WITH DATE

Black dial with apertures for date and 30-minute register at 2 and 3, 50-hour power reserve indicator, signed

Case :

Stainless steel rectangular case with sapphire crystal display back secured by 4 screws, signed

Roadster, Ref. 2510, CIRCA 2005 Movement :

Automatic, cal. 3110, 21 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel tonneau-shaped case, case back secured by 8 screws, signed

With : Stainless steel Cartier bracelet, folding clasp and presentation box Measurement 38 × 45 mm, approximate length 170 mm

With : Stainless steel Zenith folding clasp Measurement 40 × 60 mm 真力時 精美，精鋼方形自動計時碼錶，備日期及50小時動力儲存顯示，「PORT ROYAL」，型號 03.0560.4039/21.C647 ，年份約2008

HKD 25,000-45,000 USD 3,200-5,800

卡地亞 精美，精鋼酒桶形自動鏈帶腕錶，備日期顯示，「Roadster」，型號2510， 年份約2005，附原廠錶盒

HKD 5,000-10,000 USD 600-1,300 紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

5

2208 CARTIER A FINE STAINLESS STEEL CHRONOGRAPH AUTOMATIC BRACELET WRISTWATCH, WITH DATE AND SMALL SECONDS Pasha, Ref. 2995, CIRCA 1995 Movement :

Automatic, cal. 8630, 27 jewels, signed

Dial :

Black dial with three subsidiary dials for constant seconds, 30-minute and 12-hour registers, aperture for date between 4 and 5, signed

Case :

Stainless steel case with unidirectional revolving bezel, case back secured by 8 screws, signed

With : Stainless steel and rubber Cartier bracelet and folding clasp Diameter 40 mm, approximate length 170 mm

2209 PANERAI A FINE LIMITED EDITION STAINLESS STEEL CUSHIONSHAPED AUTOMATIC WRISTWATCH, WITH DATE AND POWER RESERVE INDICATOR Luminor Marina, Ref. PAM00027, Limited Edition of 2000 pieces, CIRCA 2000 Movement :

Automatic, cal. OP 6525, 21 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, apertures for date at 3 and power reserve indicator at 6, signed

2995，年份約1995

Case :

HKD 12,000-22,000 USD 1,500-2,800

Stainless steel cushion-shaped case with screw-down case back, signed

With : Stainless steel Panerai pin buckle, Certificate of Origin and presentation box

卡地亞 精美，精鋼自動鏈帶計時碼錶，備日期顯示及小秒針，「Pasha」，型號

Diameter 44 mm 沛納海 精美，限量版精鋼枕形自動腕錶，備日期及動力儲存顯示，「Luminor Marina」，型號PAM00027，限量生產2000枚，年份約2000，附原廠證書 及錶盒

HKD 20,000-40,000 USD 2,600-5,100

6

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

Panerai

Limited Edition of 30 Pieces

2210 PANERAI A FINE LIMITED EDITION STAINLESS STEEL CUSHIONSHAPED AUTOMATIC WRISTWATCH, WITH A HIDDEN DIAL, DATE AND SMALL SECONDS Luminor, Ref. PAM 802, Limited edition of 30 pieces, CIRCA 2004 Movement :

Automatic, cal. OP III, 21 jewels, signed

Dial :

Silvered dial with luminescent hands and dot indexes, aperture for date at 3 and small seconds at 9, signed

Case :

Stainless steel cushion-shaped case, dial concealed within a case cover with floral engraving, signed

With : Stainless steel Panerai pin buckle and presentation box Diameter 45 mm 沛納海 精細，限量版精鋼枕形自動腕錶，備隱藏錶盤、日期顯示及小秒針， 「Luminor」，型號PAM 802，限量生產30枚，年份約2004，附原廠錶盒

HKD 30,000-60,000 USD 3,800-7,700

7

2211 BLANCPAIN A FINE STAINLESS STEEL CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH SMALL SECONDS Air Command Concept 2000, Ref. 2285F-6530-66, CIRCA 2016 Movement :

Automatic, cal. F185, 37 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, three subsidiary dials for constant seconds, 30-minute and 12-hour registers, signed

Case :

Stainless steel case with unidirectional revolving bezel and screw-down case back, signed

With : Stainless steel Blancpain folding clasp Diameter 40 mm 寶珀

2212 JAEGER-LECOULTRE A FINE STAINLESS STEEL, CERAMIC AND DIAMOND-SET DUAL TIME AUTOMATIC BRACELET WATCH, WITH DATE Master Compressor, Ref. 161.C.61.S, CIRCA 2010 Movement :

Automatic, cal. 971D, 29 jewels, signed

Dial :

Black dial with aperture for date at 3 and subsidiary dial for second time zone, signed

Case :

Stainless steel and ceramic case with ceramic and diamondset bezel, sapphire crystal display back, case back secured by 4 screws, signed

精美，精鋼自動計時碼錶，備小秒針，「Air Command Concept 2000」，型號2285 F-6530-66，年份約2016

HKD 26,000-46,000 USD 3,300-5,900

With : Stainless steel and ceramic Jaeger-LeCoultre bracelet and folding clasp Diameter 38 mm, approximate length 165 mm 積家 精緻，精鋼及陶瓷鑲鑽石兩地時間自動鏈帶腕錶，備日期顯示，「Master Compressor」，型號161.C.61.S，年份約2010

HKD 25,000-55,000 USD 3,200-7,100

8

ROLEX Datejust

2213 ROLEX A FINE LADY’S THREE COLOR GOLD AND DIAMOND-SET AUTOMATIC BRACELET WATCH, WITH DATE Datejust, Ref. 69179, CIRCA 1991 Movement :

Automatic, cal. 2135, 29 jewels, signed

Dial :

Champagne dial with diamond-set indexes and aperture for date at 3, signed

Case :

White gold case with diamond-set bezel, screw-down crown and case back, signed

2214 ROLEX A FINE LADY’S YELLOW GOLD, DIAMOND AND EMERALDSET AUTOMATIC BRACELET WATCH, WITH DATE

With : Three color gold Rolex bracelet and folding clasp

Datejust, Ref. 69078, CIRCA 1991

Diameter 25 mm, approximate length 145 mm

Movement :

Automatic, cal. 2135, 29 jewels, signed

Dial :

Gilt dial with diamond-set indexes and aperture for date at 3, signed

Case :

Yellow gold case with diamond and emerald-set bezel, screwdown crown and case back, signed

勞力士 精美，女裝三色金鑲鑽石自動鏈帶腕錶，備日期顯示，「Datejust」，型號 69179，年份約1991

HKD 50,000-60,000 USD 6,400-7,700

With : Yellow gold Rolex bracelet, folding clasp and Certificate of Origin Diameter 25 mm, approximate length 145 mm 勞力士 精美，女裝黃金鑲鑽石及綠寶石自動鏈帶腕錶，備日期顯示， 「Datejust」，型號69078，年份約1991，附原廠證書

HKD 58,000-95,000 USD 7,400-12,200 9

Rolex Datejust

2215 ROLEX A FINE AND ELEGANT STAINLESS STEEL AND DIAMONDSET AUTOMATIC BRACELET WATCH, WITH DATE DateJust, Ref. 116244, CIRCA 2010 Movement :

Automatic, cal. 3135, 31 jewels, signed

Dial :

Rhodium dial with floral motif and aperture for date at 3, signed

Case :

Stainless steel case with diamond-set bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and International Guarantee Card Diameter 36 mm, approximate length 175 mm 勞力士 優雅精美，精鋼鑲鑽石自動鏈帶腕錶，備日期顯示，「DateJust」，型 號116244，年份約2010，附原廠國際保證卡

HKD 75,000-150,000 USD 9,600-19,200

10

Rolex Datejust

2216 ROLEX A FINE LADY'S YELLOW GOLD, DIAMOND AND EMERALD-SET AUTOMATIC BRACELET WATCH, WITH DATE Datejust, Ref. 69718, CIRCA 1993 Movement :

Automatic, cal. 2135, 29 jewels, signed

Dial :

Pavé diamond-set dial with emerald-set hour indexes, aperture for date at 3, signed

Case :

Yellow gold case with screw-down crown and case back, signed

With :

Yellow gold Rolex bracelet, folding clasp and Certificate of Origin

Diameter 26 mm, approximate length 160 mm 勞力士 精美，女裝黃金鑲鑽石及綠寶石自動鏈帶腕錶，備日期顯示， 「Datejust」，型號69718，年份約1993，附原廠證書

HKD 95,000-150,000 USD 12,200-19,200

11

Rolex

DayDate with Sapphire

2217 ROLEX A VERY FINE WHITE GOLD, DIAMOND AND SAPPHIRE-SET AUTOMATIC BRACELET WATCH, WITH DATE AND DAY Day-date, Ref. 218349, CIRCA 2013 Movement :

Automatic, cal. 3156, 31 jewels, signed

Dial :

Silvered dial with baguette-cut sapphire and diamond-set indexes, aperture for date at 3 and aperture for day at 12, signed

Case :

White gold case with diamond-set bezel, screw-down crown and case back, signed

With : White gold Rolex bracelet, folding clasp and International Guarantee Card Diameter 41 mm, approximate length 175 mm 勞力士 非常精美，白金鑲鑽石及藍寶石自動鏈帶腕錶，備日期及星期顯示，「Daydate」，型號218349，年份約2013，附原廠國際保證卡

HKD 380,000-480,000 USD 48,700-61,500

12

Rolex

DayDate with Sapphire

13

14

Rolex Daytona

2218 ROLEX A VERY FINE AND RARE WHITE GOLD AND DIAMOND-SET CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH SMALL SECONDS AND TACHYMETER Cosmograph Daytona, Ref. 116519, CIRCA 2002 Movement :

Automatic, cal. 4130, 44 jewels, signed

Dial :

Sodalite dial with diamond-set hour indexes, three subsidairy dials for constant seconds, 30-minute and 12-hour registers, signed

Case :

White gold case with bezel calibrated for 400 units per hour, screw-down crown and case back, siged

With : White Gold Rolex folding clasp and Certificate of Origin Diameter 39 mm 勞力士 精美罕有，白金鑲鑽石自動計時碼錶，備小秒針及測速計，「Cosmograph Daytona」，型號116519，年份約2002，附原廠證書

HKD 280,000-380,000 USD 35,900-48,700

15

2219 ROLEX A FINE AND VINTAGE LADY'S WHITE GOLD AND DIAMOND-SET MECHANICAL BRACELET WATCH Cellini, CIRCA 1975

2220

Movement :

Manual, signed

CHOPARD

Dial :

Blue dial, signed

Case :

White gold case with diamond-set bezel, signed

With :

White gold bracelet and folding clasp

Measurement 23 × 27 mm, approximate length 160 mm 勞力士 懷舊精美，女裝白金鑲鑽石機械鏈帶腕錶， 「Cellini」，年份約1975

HKD 18,000-28,000 USD 2,300-3,600

A FINE YELLOW GOLD AND DIAMOND-SET BRACELET WRISTWATCH Ref. 868, CIRCA 1980

2221

Movement :

Quartz signed

Dial :

Champagne dial with diamond-set hour marker, signed

Case :

Yellow gold case with diamond-set bezel, snap-on caseback, signed

With :

Yellow gold chopard bracelet and folding buckle

CIRCA 1991

Measurement 33 mm, approximate length 175 mm

Movement :

Manual, signed

Dial :

Silvered dial, signed

Case :

White gold case with diamond and emerald-set bezel, signed

蕭邦

OMEGA A VINTAGE AND FINE LADY’S WHITE GOLD, DIAMOND AND EMERALD-SET MECHANICAL BRACELET WATCH

精美黃金鑲鑽石鏈帶腕錶，型號868，年份約1980

HKD 38,000-68,000 USD 4,900-8,700

With : White gold Omega bracelet and clasp Diameter 20 mm, approximate length 175 mm 歐米茄 復古精美，女裝白金鑲鑽石及綠寶石機械鏈帶腕錶， 年份約1991

HKD 22,000-42,000 USD 2,800-5,400

16

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

2222 CARTIER A FINE AND RARE LADY’S YELLOW GOLD RECTANGULAR MECHANICAL BRACELET WATCH CIRCA 1979 Movement :

Manual, signed

Dial :

White dial, signed

Case :

Yellow gold rectangular case with stepped bezel, signed

With : Yellow gold Cartier bracelet and clasp Measurement 25 × 25 mm, approximate length 180 mm 卡地亞

2223 UNSIGNED A VINTAGE AND ELEGANT LADY’S WHITE GOLD AND DIAMOND-SET MECHANICAL BRACELET WATCH CIRCA 1970

精美罕有，女裝黃金方形機械鏈帶腕錶，年份約1979

Movement :

Manual, signed

HKD 30,000-50,000 USD 3,800-6,400

Dial :

White dial

Case :

White gold rectangular case with diamond-set bezel and lugs, signed

With : White gold and diamond-set bracelet and clasp Measurement 15 × 35 mm, approximate length 155 mm UNSIGNED 懷舊優雅，女裝白金鑲鑽石機械鏈帶腕錶，年份約1970

HKD 25,000-45,000 USD 3,200-5,800 17

CARTIER La Dona

2224 CARTIER A FINE AND ELEGANT LADY’S ROSE GOLD AND DIAMONDSET TONNEAU-SHAPED BRACELET WATCH La Dona De Cartier, Ref. WE600501, CIRCA 2006 Movement :

Quartz, signed

Dial :

Silvered dial with Cartier’s secret signature at 7, signed

Case :

Rose gold tonneau-shaped case with diamond-set bezel, case back secured by 4 screws, signed

With : Rose gold Cartier bracelet, folding clasp, Certificate of Origin and presentation box Measurement 26 × 28 mm, approximate length 168 mm 卡地亞 精美優雅，女裝玫瑰金鑲鑽石酒桶形鏈帶腕錶，「La Dona De Cartier」， 型號WE600501，年份約2006，附原廠證書及錶盒

HKD 50,000-80,000 USD 6,400-10,300

18

CHOPARD Diamond set

2225 CHOPARD A FINE LADY’S WHITE GOLD AND DIAMOND-SET BRACELET WATCH Ref. 10/5122, CIRCA 1997 Movement :

Quartz, signed

Dial :

Pavé diamond-set dial, signed

Case :

White gold case with diamond-set bezel and lugs, signed

With : White gold Chopard bracelet, clasp, Certificate of Origin and presentation box Diameter 20 mm, approximate length 160 mm 蕭邦 精緻，女裝白金鑲鑽石鏈帶腕錶，型號10/5122，年份約1997， 附原廠證書及錶盒

HKD 40,000-60,000 USD 5,100-7,700

19

CHOPARD

Diamond set Bracelet Watch

2226 CHOPARD AN ELEGANT LADY’S WHITE GOLD AND DIAMONDSET NAVETTE-SHAPED BRACELET WATCH Pushkin, Ref. 106813-1001, CIRCA 2001 Movement :

Quartz, signed

Dial :

Mother-of-pearl dial with diamond-set indexes, signed

Case :

White gold navette-shaped case with pavé diamond-set bezel, case back secured by 4 screws, signed

With : White gold Chopard bracelet, clasp, Certificate of Origin, setting pin and presentation box Measurement 27 × 30 mm, approximate length 165 mm 蕭邦 高貴優雅，女裝白金鑲鑽石橄欖形鏈帶腕錶，「Pushkin」，型 號106813-1001，年份約2001，附原廠證書、調校針及錶盒

HKD 65,000-90,000 USD 8,300-11,500

20

VACHERON CONSTANTIN

Skeletonized Bracelet Watch

2227 VACHRON CONSTANTIN AN ELEGANT AND RARE WHITE GOLD, DIAMOND AND SAPPHIRE-SET SKELETONISED MECHANICAL BRACELET WATCH CIRCA 1998 Movement :

Manual, 18 jewels signed

Dial :

Skeletonised dial, signed

Case :

White gold case with diamond-set bezel, sapphire-set crown and sapphire crystal display back, case back secured by 4 screws, signed

With : White gold Vacheron Constantin bracelet and clasp Diameter 25 mm, approximate length 170 mm 江詩丹頓 罕有優雅，白金鑲鑽石及藍寶石鏤空機械鏈帶腕錶，年份約1998

HKD 75,000-95,000 USD 9,600-12,200

21

CHOPARD

Diamond set Bracelet Watch

2228 CHOPARD A FINE LADY’S WHITE GOLD AND DIAMOND-SET TONNEAU-SHAPED BRACELET WATCH CIRCA 2010 Movement :

Quartz, signed

Dial :

Pavé diamond-set dial, signed

Case :

White gold tonneau-shaped case with diamond-set bezel, case back secured by 4 screws, signed

With : White gold and baguette-cut diamond-set Chopard bracelet and presentation box Measurement 23 × 28 mm, approximate length 175 mm 蕭邦 精美，女裝白金鑲鑽石酒桶形鏈帶腕錶，年份約 2010，附原廠錶盒

HKD 150,000-250,000 USD 19,200-32,100

AUDEMARS PIGUET

Diamond-set Diamond set Bracelet Watch

2229 AUDEMARS PIGUET A VERY FINE AND ELEGANT, LADY'S YELLOW GOLD AND DIAMOND-SET MECHANICAL BRACELET WATCH Ref. 79107BA, CIRCA 1986 Movement : Manual, 18 jewels, signed Dial : Pavé diamond-set dial Case : Diamond-set yellow gold case, case back secured by 2 screws, signed With : Yellow gold Audemars Piguet diamond-set bracelet, Extract from the Archives Measurement 18 × 20 mm, approximate length 180 mm 愛彼 精美典雅，女裝黃金鑲鑽石機械鏈帶腕錶，型號79107BA，年份約1986， 附原廠後補證書

HKD 180,000-280,000 USD 22,900-35,700

AUDEMARS PIGUET

Emerald and Diamond-set Bracelet Watch

2230 AUDEMARS PIGUET A FINE AND RARE LADY'S WHITE GOLD, EMERALD AND DIAMOND-SET TONNEAU-SHAPED MECHANICAL BRACELET WATCH Carnegie, Ref. 79325BC/E/9070BC/01, CIRCA 2015 Movement : Manual, cal. 2046, 18 jewels, signed Dial : Mother-of-pearl dial with emerald and diamond-set hour indexes, signed Case : White gold emerald and diamond-set tonneau-shaped case and lugs, case back secured by 4 screws, signed With : White gold emerald and diamond-set Audemars Piguet bracelet, Certificate of Origin and presentation box Measurement 20 × 28 mm, approximate length 190 mm 愛彼 罕有精緻，女裝白金鑲鑽石及綠寶石，酒桶形機械鏈帶腕錶， 「Carnegie,」，型號79325BC/E/9070BC/01，年份約2015，附原廠證書 及錶盒

HKD 180,000-280,000 USD 22,900-35,700

24

CHAUMET

Diamond set Bracelet Watch

2231 CHAUMET A VERY FINE AND ATTRACTIVE WHITE GOLD AND DIAMOND-SET SQUARE-SHAPED BRACELET WATCH CIRCA 2010 Movement :

Quartz, signed

Dial :

Pavé diamond-set dial, signed

Case :

White gold square case with diamond-set bezel and crown, case back secured by 4 screws, signed

With : White gold and diamond-set bracelet and folding clasp Measurement 20 × 20 mm, approximate length 165 mm 尚美巴黎 精美吸引，女裝白金鑲鑽石正方形鏈帶腕錶，年份約2010

HKD 220,000-350,000 USD 28,200-44,900

25

26

PIAGET

Diamond set Bracelet Watch

2232 PIAGET A VERY FINE AND ELEGANT WHITE GOLD AND DIAMOND-SET AUTOMATIC BRACELET WATCH Polo, Ref. 27705, CIRCA 2016 Movement :

Automatic, cal. 534P, 26 jewels, signed

Dial :

Pavé diamond-set dial, signed

Case :

White gold case with diamond-set bezel, case back secured by 6 screws, signed

With : White gold and diamond-set Piaget bracelet, folding clasp, Certificate of Origin and presentation box Diameter 38 mm, approximate length 180 mm 伯爵 精美優雅，白金鑲鑽石自動鏈帶腕錶，「Polo」，型號27705，年份約2016， 附原廠證書及錶盒

HKD 380,000-580,000 USD 48,700-74,400

27

AUDEMARS PIGUET Diamond-set Bracelet Watch

2233 AUDEMARS PIGUET A FINE AND RARE PLATINUM AND DIAMOND-SET SKELETONISED AUTOMATIC BRACELET WATCH CIRCA 1989 Movement :

Automatic, cal. 212/1, 36 jewels, signed

Dial :

Skeletonised dial with baguette-cut diamond-set chapter ring, signed

Case :

Platinum case with diamond-set bezel and sapphire crystal display back, signed

With : Platinum Audemars Piguet bracelet and clasp Diameter 34 mm, approximate length 175 mm 愛彼 罕見精細，鉑金鑲鑽石鏤空自動鏈帶腕錶，年份約1989

HKD 420,000-620,000 USD 53,800-79,500

28

29

30

RICHARD MILLE RM 023

2234 RICHARD MILLE A VERY FINE WHITE GOLD TONNEAU-SHAPED AUTOMATIC WRISTWATCH, WITH DATE RM 023, Ref. RM023 AL WG, CIRCA 2015 Movement :

Automatic, cal. RMA02, 32 jewels, signed

Dial :

Skeletonised dial with aperture for date at 7, signed

Case :

White gold tonneau-shaped case with sapphire crystal display back, case back secured by 4 screws, signed

With : Titanium Richard Mille folding clasp, Certificate of Origin and presentation box Measurement 38 × 45 mm 里查德米爾 非常精美，白金酒桶形自動腕錶，備日期顯示，「RM 023」，型號RM023 AL WG，年份約2015，附原廠證書及錶盒

HKD 590,000-700,000 USD 75,600-89,700

31

RICHARD MILLE RM 11-03

In a departure from traditional watch designs, Richard Mille’s streamlined shapes combined with exceptional functionality and a futuristic and innovative look have revolutionised the boundaries of watchmaking. Since the discontinuation of the RM 011 collection in 2016, Richard Mille has created the RM 11-03 automatic flyback chronograph model to continue to showcase the brand's boundless creativity.

The RM 11-03's triple-layered case has been redesigned to maintain the watch's original style while adding a touch of style and dynamism to give it a sporty feel. The white gold case is set with a total of 849 sparkling white diamonds weighing 6.3 carats, and the technical skill and countless hours of production have resulted in an extremely comfortable and perfectly polished case that is unique in the world of watchmaking. The watch is entirely handfinished, exquisitely detailed and time-consuming. RM 11-03 has a RMAC3 self-winding movement, with the intricate mechanics of the skeletonised dial clearly visible. The ornate bevelled edges give the watch a deep texture, and the coloured flyback chronograph dial and aperture surround the central time display, giving it a strong motor-racing feel. The innovative design of the watch sets Richard Mille apart from other watch brands and makes it a leading and innovative watchmaker that cannot be ignored.

有別於傳統的腕錶設計，里查德米爾的流線型造型結合卓越功能，充滿未來感的新穎 外觀完美地顛覆了鐘錶製作的界限，開展了出一齣截然不同的高端科幻詩篇。自RM 011系列於2016年停產後，里查德米爾打造了這枚RM 11-03自動飛返計時碼錶，持續 展現品牌的無限創意。 RM 11-03的三層式錶殼經重新設計，既保持了腕錶原有風格，更增添了幾分時尚與 活力，使腕錶的運動感十足。白金材質的錶殼上鑲有共重6.3克拉的849顆閃亮白鑽， 精湛的技藝和不計其數的製作過程帶來極高的舒適度和完美的拋光效果，造就了鐘錶 界獨一無二的錶殼。錶面的打磨完全由手工完成，精美細緻、耗時漫長。腕錶搭載了 RMAC3自動上弦機芯，鏤空錶面上的複雜機械結構清晰易見，華麗的斜切邊緣給予 腕錶深邃的質感，彩色的飛返計時器錶盤和秒針顯示窗圍繞著中央時間顯示，具有濃 濃的賽車元素。創新的設計讓里查德米爾在眾多鐘錶品牌脫穎而出，成為了不容忽視 的頂尖革新鐘錶製造商。

32

33

RICHARD MILLE RM 11-03

2235 RICHARD MILLE A VERY FINE AND ATTRACTIVE WHITE GOLD AND DIAMONDSET TONNEAU-SHAPED SKELETONISED FLYBACK CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH SMALL SECONDS, DATE AND MONTH INDICATORS Felipe Massa, Ref. RM 11-03, CIRCA 2020 Movement :

Automatic, cal. RMAC3, 68 jewels, signed

Dial :

Skeletonised dial with three subsidiary dials for constant seconds, 60-minute and 12-hour registers, over-sized horizontal aperture for date at 12, aperture for month between 4 and 5, signed

Case :

White gold tonneau-shaped case with diamond-set bezel, bands and crowns, sapphire crystal display back, case back secured by 8 screws, signed

With : White gold and diamond-set Richard Mille folding clasp, Certificate of Origin and presentation box Measurement 42 × 50 mm 里查德米爾 精美吸引，白金鑲鑽石酒桶形鏤空自動飛返計時碼錶，備小秒針、日期及月份 顯示，「RM11-03」，年份約2020，附原廠證書及錶盒

HKD 3,000,000-4,800,000 USD 384,600-615,400

34

35

JAEGER-LECOULTRE Atmos Clock

2236 JAEGER-LECOULTRE A FINE RHODIUM-PLATED BRASS AND PLEXIGLASS ATMOS CLOCK WITH MONTH INDICATOR AND MOON PHASES Atmos Classique Phases De Lune, Ref. 5112202, CIRCA 2018 Movement :

Mechanical movement wounded by changes in temperature, cal. 562, 15 jewels, signed

Dial :

Skeletonised dial with white chapter ring, month indicator, blue Roman numerals and hands and moon phases at 6, signed

Case :

Rhodium-plated brass rectangular case with aperture for the pendulum, small glazed aperture for the water level, signed

With : Jaeger-LeCoultre Certificate of Origin and presentation box Measurement 225 × 155 × 200 mm 積家 精美，鍍銠及樹脂玻璃空氣鐘，備月份及月相顯示，「Atmos Classique Phases De Lune」，型號5112202，年份約2018，附原廠證書及盒子

HKD 28,000-42,000 USD 3,600-5,400

36

JAEGER-LECOULTRE Atmos Clock

2237 JAEGER-LECOULTRE A RARE AND FINE GILT BRASS AND PLEXIGLASS ATMOS CLOCK Atmos, Ref. 5854, CIRCA 1980 Movement :

Mechanical movement wounded by changes in temperature, cal. 526, 15 jewels, signed

Dial :

Skeletonised dial with red chapter ring, Roman numerals and gilt hands, signed

Case :

Gilt brass rectangular case with red columns, aperture for the pendulum and small glazed aperture for the water level, signed

Measurement 230 × 190 × 130 mm 積家 罕見精美，鍍金黃銅及樹脂玻璃空氣鐘，「Atmos」，型號5854，年份約 1980

HKD 20,000-40,000 USD 2,600-5,100

37

PATEK PHLLIPPE

Signed Patek Philippe and Limoges France

2238 PATEK PHILIPPE A GROUP OF THREE VERY FINE AND RARE LIMITED EDITION LIMOGES PORCELAIN AND ENAMEL DISHES Signed Patek Philippe and Limoges France, dated 2015, 2019, 2020 Case :

Comprising of 2015 "L'aube sur le lac", 2019 earth motif, and 2020 floral motif, each commemorating a unique timepiece produced by Patek Philippe

Measurement 185 × 185 mm

Since 1997, Patek Philippe has selected the most important collective items from the archives in its museum and printed on the commemorative porcelain dishes as a gift for their premium clients. The manufacturers of these precious porcelains are from the world-famous French porcelain town of Limoges. The region has been designated by the French King to supply porcelain to the royals since the mid-18th century, and has won the royal family’s trust. The enamel paintings on the three items were

百達翡麗

drawn from three exclusive Patek Philippe’s pocket watches

非常精美罕有，紀念款一組三件陶瓷及琺瑯碟子，Limoges 2015、2019、2020

which were manufactured in 2015, 2019 and 2020. These three

年製

pocket watches are all put in the Patek Philippe Museum. The

HKD 8,000-12,000 USD 1,000-1,500

most exquisite porcelain pays tribute to the craftsmanship of the outstanding timepieces, this rare lot is highly memorable and definitely worth collection. 自1997年開始，百達翡麗會將自己博物館的重要藏品印製在瓷器碟子 上，贈送給品牌最最尊貴的客人。這些珍貴瓷器的製造商則是來自享譽 世界的 法國瓷器重鎮Limoges，該地區所打造的最精美的瓷器，自18世 紀中期起，就成為法國國王指定的瓷器精品供應地區，深得皇室信賴。 此次上拍的三件作品，圖案設計分別來自百達翡麗於2015, 2019及2020 所製作的珍貴懷錶原型。而這三件珍稀傑作均收藏於百達翡麗博物館 中。最精美的瓷器，致敬最經典而傑出的鐘錶藝術，拍品數量稀少，極 具紀念意義與收藏價值。

38

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

JAEGER-LECOULTRE Made for the 150th Anniversary

2239 JAEGER-LECOULTRE A SPECIAL AND FINE GILT BRASS AND PLEXIGLASS ATMOS CLOCK, MADE FOR THE 150TH ANNIVERSARY Atmos, CIRCA 1983 Movement :

Mechanical movement wounded by changes in temperature, cal.

540, 14 jewels, signed

Dial :

Skeletonised dial with white chapter ring, black Roman numerals and hour markers, signed

Case :

Gilt brass case supported by 2 columns and circular base, glazed glass dome cover, signed

Base diameter 215 mm, Height 330 mm (including dome glass) 積家 獨特精美，鍍金黃銅及樹脂玻璃空氣鐘，為品牌150週年而製，「Atmos」，年 份約1983

HKD 40,000-60,000 USD 5,100-7,700

39

PATEK PHILIPPE Cufflinks

2240 PATEK PHILIPPE A FINE PAIR OF ROSE GOLD CUFFLINKS With : Patek Philippe presentation box 百達翡麗 精緻，玫瑰金袖扣一對，附原裝盒子

HKD 32,000-50,000 USD 4,100-6,400

2241 PATEK PHILIPPE A FINE PAIR OF ROSE GOLD CUFFLINKS With : Patek Philippe presentation box 百達翡麗 精緻，玫瑰金袖扣一對，附原裝盒子

HKD 35,000-50,000 USD 4,500-6,400

40

VACHERON CONSTANTIN Cufflinks

2242 VACHERON CONSTANTIN A FINE PAIR OF WHITE GOLD CUFFLINKS 江詩丹頓 精緻，白金袖扣一對

HKD 15,000-35,000 USD 1,900-4,500

2243 VACHERON CONSTANTIN A FINE PAIR OF GOLD CUFFLINKS 江詩丹頓 精美，金袖扣一對

HKD 12,000-32,000 USD 1,500-4,100

41

2244 LINDE WERDELIN A FINE LIMITED EDITION 3DTP CARBON, TITANIUM AND CERAMIC AUTOMATIC WRISTWATCH, WITH MOON PHASES Oktupus Moonlite, Ref. OKT.MCBG, Limited edition of 59 pieces, CIRCA 2019 Movement :

Automatic, LW caliber, 23 jewels, signed

Dial :

Brown dial with inner ring for moon phases, signed

Case :

3DTP carbon case with white ceramic bezel, screw-down crown and case back, signed

With : Titanium Linde Werdelin pin buckle Diameter 44 mm 林德

2245 CVSTOS A FINE LIMITED EDITION STAINLESS STEEL SQUARE-SHAPED AUTOMATIC CHRONOGRAPH WRISTWATCH, WITH POWER RESERVE AND DATE INDICATIORS EVOSQUARE HF, limited edition of 100 pieces, CIRCA 2009 Movement :

Automatic, cal. CVSTOS 577, 25 jewels, 42 hours power reserve, signed

Dial :

Semi transparent dial with three sapphire discs for hour, 30-minute counter and constant seconds, power reserve and date indicator at 3 and 4 o’clock, signed

Case :

Stainless steel square-shaped case with sapphire crystal display back, signed

精美，限量版3DTP碳、鈦金屬及陶瓷自動腕錶，備月相顯 示，「Oktupus Moonlite」，型號OKT.MAC，限量生產 59枚，年份約2019

HKD 30,000-90,000 USD 3,800-11,500

With : Stainless steel CVSTOS folding clasp Measurement 49 × 59 mm CVSTOS 精美，限量版方形自動計時碼錶，備動力儲存及日 期顯示， 「EVOSQUARE HF」，限量生產100枚，年份約2009

HKD 28,000-48,000 USD 3,600-6,200

42

URWERK UR-103

2246 URWERK AN USUSUAL AND FINE LIMITED EDITION ROSE GOLD AND TITANIUM MECHANICAL WRISTWATCH, WITH SATELLITE HOUR DISPLAY, CONTROL BOARD AND POWER RESERVE INDICATOR UR-103, Ref. 103.03, Limited edition of 60 pieces, CIRCA 2015 Movement :

Manual, cal. 3.03, 21 jewels, signed

Dial :

Black dial with rotating satellite hours indicate the time as they pass by the minute arc, signed

Case :

Rose gold case, titanium control board with two subsidiary dials for constant seconds and 15-minute counter, fan-formed sector for power reserve indicator, a screw for fine tuning, case back secured by 4 screws, signed

With : Titanium Urwerk pin buckle, Certificate of Origin and presentation box Measurement 50 × 36 × 13.5 mm URWERK 獨特精美，限量版玫瑰金及鈦金屬機械腕錶，備衛星時刻、控 制板及動力儲存顯示，「UR-103」，型號103.03，限量生產 60枚，年份約2015，附原廠證書及錶盒

HKD 150,000-250,000 USD 19,200-32,100

43

44

URWERK UR-202

2247 URWERK AN USUSUAL AND FINE WHITE GOLD AND TITANIUM MECHANICAL WRISTWATCH, WITH SATELLITE HOUR DISPLAY, MOON PHASES AND DAY/NIGHT INDICATORS UR-202, CIRCA 2016 Movement :

Automatic, cal. UR 7.02, 34 jewels, signed

Dial :

Black dial with rotating satellite hours indicate the time as they pass by the minute arc, apertures for moon phases and day/night indicators, signed

Case :

White gold case, titanium control board with two turbines and 3-position selector switch, case back secured by 4 screws, signed

With : Titanium Urwerk pin buckle Measurement 45 × 43 × 15mm URWERK 奇趣獨特，白金及鈦金屬機械腕錶，備衛星時刻、月相及晝夜顯示，「UR202」，年份約2016

HKD 250,000-450,000 USD 32,100-57,700

45

46

ULYSSE NARDIN Freak

2248 ULYSSE NARDIN A FINE AND RARE ROSE GOLD 7-DAY KARRUSEL TOURBILLON MECHANICAL WRISTWATCH, WITH DUAL DIRECT ESCAPEMENT Freak, Ref. 016-88, CIRCA 2012 Movement :

Manual, cal. UN 200, 32 jewels, signed

Dial :

Blue dial with the minute hand composed of the balance wheel, escapement and gear train all aligned beneath two bridges held by the central axis from a pivot in the sapphire crystal rotating once every hour, signed

Case :

Rose gold case with sapphire display back, signed

With : Rose gold Ulyss Nardin folding clasp and presentation box Diameter 43 mm 雅典 罕有精美，玫瑰金7天卡羅素陀飛輪機械腕錶，備雙擒縱系統，「FREAK 」， 型號016-88，年份約2012，附原廠錶盒

HKD 220,000-350,000 USD 28,200-44,900

47

IWC TOURBILLON Limited Edition of 500 pieces

2249 IWC A FINE LIMITED EDITION ROSE GOLD TOURBILLON MECHANICAL WRISTWATCH, WITH SMALL SECONDS Portugieser, Ref. IW544705, Limited edition of 500 pieces, CIRCA 2010 Movement :

Manual, cal. 98900, 21 jewels, signed

Dial :

Black dial with subsidiary dial for small seconds, one-minute tourbillon carriage at 9, signed

Case :

Rose gold case with sapphire crystal display back, case back secured by 6 screws, signed

With : Rose gold IWC folding clasp and presentation box Diameter 43 mm 萬國錶 精美，限量版玫瑰金陀飛輪機械腕錶，備小秒針，「葡萄牙系列」，型號 IW544705，限量生產500枚，年份約2010，附原廠錶盒

HKD 220,000-320,000 USD 28,200-41,000

48

49

50

VACHERON CONSTANTIN Malte Tourbillon

2250 VACHERON CONSTANTIN A VERY FINE PLATINUM TONNEAU-SHAPED TOURBILLON MECHANICAL WRISTWATCH, WITH DATE AND POWER RESERVE INDICATORS Malte, Ref. 30066/000P, CIRCA 2010 Movement :

Manual, cal. 1790, 27 jewels, signed

Dial :

Silvered dial with two subsidiary dials for date and power reserve indicators, one-minute tourbillon carriage at 6, signed

Case :

Platinum tonneau-shaped case with sapphire crystal display back, case back secured by 4 screws, signed

With : White gold Vacheron Constantin pin buckle, Certificate of Origin and presentation box Measurement 36 × 36 mm 江詩丹頓 非常精美，鉑金酒桶形陀飛輪機械腕錶，備日期及動力儲存顯示，「馬爾他 系列」，型號30066/000P，年份約2010，附原廠證書及錶盒

HKD 460,000-600,000 USD 59,000-76,900

51

BREGUET

Skeletonized Tourbillon

2251 BREGUET A VERY FINE PLATINUM SKELETONISED TOURBILLON MECHANICAL WRISTWATCH, WITH HAND-ENGRAVED DECORATION Classique Complications, Ref. 3355/PT/00986, CIRCA 2005 Movement :

Manual, cal. 558 SQ1, 21 jewels, signed

Dial :

Skeletonised dial with one-minute tourbillon carriage at 6, signed

Case :

Platinum case with sapphire display back, signed

With : Platinum Breguet folding clasp, Certificate of Origin and presentation box Diameter 35 mm 寶璣 非常精美，鉑金鏤空陀飛輪機械腕錶，備人手雕刻裝飾，「經典複雜系 列」，型號3355/PT/00986，年份約2005，附原廠證書及錶盒

HKD 460,000-600,000 USD 59,000-76,900

52

陀飛輪作為寶璣所研發的功能之一，其發明讓鐘錶界有了劃時代的轉變，一枚小巧的陀飛輪包圍著整個擒縱系統緩緩轉動，抵消了地心引力，從而令腕錶走時 更為準確，整體的造型也更為美觀精緻。在鐘錶品牌裡，寶璣的陀飛輪錶種類跟數量都首屈一指，為慶祝品牌獲得陀飛輪專利的218週年，寶璣推出了這枚來 自經典複雜系列的型號3355。腕錶所使用的是最傳統的陀飛輪結構，但是加上了鏤空處理技術，看起來更加賞心悅目。此款式採用了558型機芯，是二十世紀 陀飛輪風潮再起之前，市面上唯一成功的陀飛輪機芯，不但耐用度高，也極具歷史意義。其機芯上的橋板附有人手雕刻紋路，更添工藝價值，相當炫目動人。 The tourbillon is one of the functions developed by Breguet, and has made a profound impact on the watch industry. A small tourbillon surrounds the entire escapement system and slowly rotates, counteracting gravity and making timekeeping more accurate. The overall shape is also more beautiful and refined. To celebrate the 218th anniversary of the brand's tourbillon patent, Breguet, a leading brand in producing tourbillon watches, presents this model 3355 from its Classic Complications collection. It uses the most traditional tourbillon construction, but with the addition of skeletonisation for a more pleasing look. This model uses the 558 movement, the only successful tourbillon movement on the market prior to the 20th century when the trend for tourbillons was revived. The hand-engraved bridges on the movement add to the value of the craftsmanship.

53

ROLEX

2253 ROLEX A SPECIAL AND FINE YELLOW GOLD AND DIAMOND-SET RECTANGULAR MECHANICAL BRACELET WRISTWATCH Cellini, Ref. 4652, CIRCA 1975 Manual, cal. 1601, 19 jewels, signed

Dial :

Red dial, signed

Case :

Yellow gold rectangular case with diamond-set bezel, signed

With : Yellow gold and diamond-set Rolex bracelet and folding clasp

2252

Measurement 26 × 28 mm, approximate length 170 mm

ROLEX AN ATTRACTIVE TWO-TONED YELLOW GOLD AND STAINLESS STEEL AUTOMATIC BRACELET WATCH, WITH DATE Datejust, Ref. 16013, CIRCA 1988 Movement :

Automatic, cal. 3035, 27 jewels, signed

Dial :

Black dial with aperture for date at 3, signed

Case :

Stainless steel case with yellow gold bezel, screwdown crown and case back, signed

With : Yellow gold and stainless steel Rolex bracelet, folding clasp, Certificate of Origin and presentation box Diameter 35 mm, approximate length 165 mm 勞力士 精美吸引，雙色黃金及精鋼自動鏈帶腕錶，備日期顯示， 「Datejust」，型號16013，年份約1988，附原廠證書及錶盒

HKD 15,000-35,000 USD 1,900-4,500

54

Movement :

勞力士 獨特精美，黃金鑲鑽石方形機械鏈帶腕錶，「Cellini」，型號4652，年份約1975

HKD 95,000-180,000 USD 12,200-23,100

ROLEX

Turn-O-Graph Japan Edition Limited to 300 pieces

2254 ROLEX A FINE YELLOW GOLD AND STAINLESS STEEL AUTOMATIC BRACELET WATCH, WITH DATE Turn-O-Graph Japan Edition, Limited to 300 pieces, Ref. 116263, CIRCA 2011 Movement :

Automatic, cal. 3135, 31 jewels, signed

Dial :

Black dial with luminescent hands, aperture for date at 3, signed

Case :

Stainless steel case with yellow gold bezel, screwdown crown and case back, signed

With : Yellow gold and stainless steel Rolex bracelet, folding clasp and International Guarantee Card Diameter 37 mm, approximate length 180 mm 勞力士 精細，黃金及精鋼自動鏈帶腕錶，備日期顯示，「Turn-OGraph Japan Edition」，日本限定300枚，型號116263，年 份約2011，附原廠國際保證卡

HKD 100,000-200,000 USD 12,800-25,600

55

ROLEX

Submariner Hulk

2255 ROLEX A FINE STAINLESS STEEL AUTOMATIC BRACELET WATCH, WITH DATE Submariner, Ref. 116610LV, “Hulk”, CIRCA 2020 Movement :

Automatic, cal. 3185, 31 jewels, signed

Dial :

Green dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel case with unidirectional revolving ceramic bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and International Guarantee Card Diameter 41 mm, approximate length 190 mm 勞力士 精美，精鋼自動鏈帶腕錶，備日期顯示，「Submariner」，"Hulk"，型號 116610LV，年份約2020，附原廠國際保證卡

HKD 80,000-180,000 USD 10,300-23,100

56

ROLEX

GMT Master II

2256 ROLEX A FINE STAINLESS STEEL DUAL TIME AUTOMATIC BRACELET WATCH, WITH DATE GMT Master II, Ref. 16710, “Pepsi”, CIRCA 2005 Movement :

Automatic, cal. 3185, 31 jewels, signed

2257

Dial :

Black stick dial with luminescent hands and hour indexes, aperture for date at 3, signed

ROLEX

Case :

Stainless steel case with bidirectional revolving ceramic bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and Certificate of Origin Diameter 41 mm, approximate length 175 mm 勞力士 精美，精鋼兩地時間自動鏈帶腕錶，備日期顯示，「GMT Master II」， "Pepsi"，型號16710，年份約2005，附原廠證書

HKD 100,000-250,000 USD 12,800-32,100

A FINE STAINLESS STEEL DUAL TIME AUTOMATIC BRACELET WATCH, WITH DATE GMT Master II, Ref. 116710BLNR, “Batman”, CIRCA 2019 Movement :

Automatic, cal. 3186, 31 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel case with bidirectional revolving ceramic bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and International Guarantee Card Diameter 41 mm, approximate length 175 mm 勞力士 精細，精鋼兩地時間自動鏈帶腕錶，備日期顯示，「GMT Master II」， "Batman"，型號116710BLNR，年份約2019，附原廠國際保證卡

HKD 80,000-150,000 USD 10,300-19,200

57

58

ROLEX DayDate

2258 ROLEX A FINE ROSE GOLD AUTOMATIC WRISTWATCH, WITH DATE AND DAY Day-date, Ref. 118135, CIRCA 2015 Movement :

Automatic, cal. 3155, 31 jewels, signed

Dial :

Chocolate dial with apertures for date at 3 and day at 12, signed

Case :

Rose gold case with fluted bezel, screw-down crown and case back, signed

With : Rose gold Rolex folding clasp, International Guarantee Card and presentation box Diameter 36 mm 勞力士 精美，玫瑰金自動腕錶，備日期及星期顯示，「Day-date」，型號 118135，年份約2015，附原廠國際保證卡及錶盒

HKD 120,000-180,000 USD 15,400-23,100

59

ROLEX Sky Dweller

2259 ROLEX A VERY FINE STAINLESS STEEL ANNUAL CALENDAR DUAL TIME AUTOMATIC BRACELET WATCH, WITH DATE AND MONTH Sky-Dweller, Ref. 326934, CIRCA 2020 Movement :

Automatic, cal. 9001, 40 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, subsidiary dial for second time zone, aperture for date at 3, 12 windows above each hour index for month, signed

Case :

Stainless case with screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and International Guarantee Card Diameter 41 mm, approximate length 180 mm 勞力士 非常精細，精鋼年曆兩地時間自動鏈帶腕錶，備日期及月份顯示，「SkyDweller」，型號326934，年份約2020，附原廠國際保證卡

HKD 150,000-250,000 USD 19,200-32,100

60

61

2260 JAEGER-LECOULTRE AN ELEGANT LADY’S STAINLESS STEEL AND DIAMOND-SET RECTANGULAR WRISTWATCH Ideale, Ref. 460.8.08, CIRCA 2006 Movement :

Quartz, signed

2261

Dial :

Blue dial, signed

CORUM

Case :

Stainless steel rectangular case with diamond-set lugs, case back secured by 4 screws, signed

With : Stainless steel Jaeger-LeCoultre pin buckle Measurement 17 × 30 mm 積家 優雅，女裝精鋼鑲鑽石長方形腕錶， 「Ideale」，型號 460.8.08，年份約2006

HKD 8,000-18,000 USD 1,000-2,300

AN INTERESTING LADY’S STAINLESS STEEL AND DIAMOND-SET WRISTWATCH Bubble, Ref. 101.151.47, CIRCA 2005 Movement :

Quartz, signed

Dial :

Mother-of-pearl dial, signed

Case :

Stainless steel case with diamond-set bezel, signed

With : Stainless steel Corum folding clasp Diameter 25 mm 崑崙 趣緻，女裝精鋼鑲鑽石腕錶，「Bubble」，型號101.151.47， 年份約2005

HKD 10,000-20,000 USD 1,300-2,600

62

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

PATEK PHILIPPE

2262 PATEK PHILIPPE A FINE LADY’S WHITE GOLD AND DIAMOND-SET RECTANGULAR WRISTWATCH Gondolo, Ref. 4981G, CIRCA 2008 Movement :

Quartz, signed

Dial :

Mother-of-dial dial, signed

Case :

White gold rectangular case with diamond-set bezel, lugs and crown, case back secured by 4 screws, signed

With : White gold Patek Philippe pin buckle and Certificate of Origin Measurement 37 × 22 mm 百達翡麗 精緻，女裝白金鑲鑽石長方形腕錶， 「Gondolo」，型號4981G， 年份約2008，附原廠證書

HKD 90,000-150,000 USD 11,500-19,200

63

2263 CARTIER A FINE LADY’S SILVER AND SAPPHIRE-SET WRISTWATCH Must De Cartier, Ref. 1860, CIRCA 2009

2264

Movement :

Quartz, signed

CARTIER

Dial :

Silvered dial with Cartier’s secret signature at 7, signed

Case :

Silver case with sapphire-set crown, case back secured by 2 screws, signed

A FINE TWO-TONED YELLOW GOLD, STAINLESS STEEL AND SAPPHIRE-SET RECTANGULAR AUTOMATIC BRACELET WATCH, WITH DATE

With : Stainless steel Cartier folding clasp Diameter 30 mm

Santos de Cartier, CIRCA 2002 Movement :

Automatic, jewels, signed

卡地亞

Dial :

White dial with aperture for date at 3, signed

精美，女裝純銀鑲藍寶石腕錶，「Must De Cartier」，型號1860，

Case :

Stainless steel rectangular case with yellow gold bezel and sapphire-set crown, case back secured by 8 screws, signe d

年份約2009

HKD 4,000-10,000 USD 500-1,300

With : Stainless steel and yellow gold Cartier bracelet, folding clasp and presentation box Measurement 29 × 29 mm, approximate length 165 mm 卡地亞 精美，雙色黃金及精鋼鑲藍寶石方形自動鏈帶腕錶，備日期顯示， 「Santos de Cartier」，年份約2002，附原廠錶盒

HKD 15,000-35,000 USD 1,900-4,500

64

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

PATEK PHILIPPE

2265 PATEK PHILIPPE AN ELEGANT LADY’S YELLOW GOLD AND DIAMOND-SET SQUARE WRISTWATCH Gondolo, Ref. 4866/100J-010, CIRCA 2000 Movement :

Quartz, signed

Dial :

Mother-of-dial dial with diamond-set hour indexes, signed

Case :

Yellow gold square case with diamond-set bezel and crown, case back secured by 4 screws, signed

With : Yellow gold Patek Philippe pin buckle and Certificate of Origin Measurement 25 × 25 mm 百達翡麗 優雅，女裝黃金鑲鑽石正方形腕錶， 「Gondolo」，型號4866/100J010，年份約2000，附原廠證書

HKD 80,000-150,000 USD 10,300-19,200

65

2266 CHOPARD A FINE LADY’S STAINLESS STEEL AND DIAMOND-SET WRISTWATCH, WITH DATE Happy Sport, Ref. 28/834778-403, CIRCA 2000 Movement :

Quartz, signed

Dial :

Mother-of-pearl dial with 2 floating diamond-set fish, aperture for date between 4 and 5, signed

2267

Case :

Stainless steel case, case back secured by 8 screws, signed

A FINE LADY’S STAINLESS STEEL, DIAMOND AND RUBY-SET SQUARESHAPED WRISTWATCH

With : Stainless steel Chopard pin buckle and presentation box Diameter 38 mm 蕭邦 精美，女裝精鋼鑲鑽石腕錶，「Happy Sport」，

CHOPARD

Happy Sport, Ref. 27/8892-23, CIRCA 2002 Movement :

Quartz, signed

Dial :

Mother-of-pearl dial with five floating brilliant-cut diamond-set adornment, signed

Case :

Stainless steel square-shaped case with ruby-set crown and lugs, case back secured by 4 screws, signed

型號28/834778-403，年份約2000，附原廠錶盒

HKD 10,000-20,000 USD 1,300-2,600

With : Stainless steel Chopard pin buckle and presentation box

2268 ROGER DUBUIS A FINE LADY'S WHITE GOLD AND DIAMONDSET RECTANGULAR MECHANICAL WRISTWATCH Horloger Genevois, CIRCA 2010 Movement :

Manual, cal. RD18, 20 jewels, signed

Dial :

White dial, signed

Case :

White gold rectangular case with diamond-set bezel and sapphire crystal display back, case back secured by 8 screws, signed

Measurement 22 × 22 mm 蕭邦 秀麗，女裝精鋼鑲鑽石及紅寶石腕錶，「Happy Sport」，型號27/8892-23，年份約2002，附原 廠錶盒

HKD 10,000-20,000 USD 1,300-2,600

66

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

With : White gold and diamond-set pin buckle Measurement 27 × 40 mm 羅傑·杜彼 精緻，女裝白金鑲鑽石長方形機械腕錶，「Horloger Genevois」，年份約2010

HKD 30,000-60,000 USD 3,800-7,700

CHOPARD Ruby &Diamond set

2269 CHOPARD AN ELEGANT LADY’S YELLOW GOLD, DIAMOND AND RUBY-SET WRISTWATCH Happy Diamonds, Ref. 20/5811-21, CIRCA 2005 Movement :

Quartz, signed

Dial :

White dial, signed

Case :

Yellow gold case with diamond-set bezel and ruby-set lugs, signed

With : Yellow gold and diamond-set Chopard pin buckle Diameter 25 mm 蕭邦 優美瑰麗，女裝黃金鑲鑽石及紅寶石腕錶，「Happy Diamonds」，型號20/5811-21，年份約2005

HKD 65,000-120,000 USD 8,300-15,400

67

CARTIER

2270 CARTIER AN ELEGANT LADY’S WHITE GOLD, DIAMOND AND EMERALD-SET BRACELET WATCH Panthère 1925, Ref. 2476, CIRCA 1990 Movement :

Quartz, signed

Dial :

Silvered dial, signed

Case :

White gold case with diamond-set bezel depicting a panther with its eye finely set with an emerald, diamond-set crown, case back secured by 6 screws, signed

With : White gold Cartier bracelet, folding clasp and presentation box Diameter 27 mm, approximate length 145 mm 卡地亞 優雅，女裝白金鑲鑽石及綠寶石鏈帶腕錶，「Panthère 1925」，型號 2476，年份約1990，附原廠錶盒

HKD 100,000-280,000 USD 12,800-35,900

68

PIAGET

Limelight

2271 PIAGET AN ELEGANT AND FINE LADY’S WHITE GOLD AND DIAMOND-SET WRISTWATCH, WITH ROTATING ADORNMENT Couture Précieuse, Ref. G0A38171, CIRCA 2018 Movement :

Quartz, signed

Dial :

Black dial with diamond-set rotating adornment, signed

Case :

White gold case with diamond-set bezel, case back secured by 8 screws, signed

With : White gold and diamond-set Piaget pin buckle, Certificate of Authenticity and presentation box Diameter 39 mm 伯爵 優雅精美，女裝白金鑲鑽石腕錶，備旋轉裝飾，「Couture Précieuse」，型號 G0A38171，年份約2018，附原廠證書及錶盒

HKD 120,000-220,000 USD 15,400-28,200 69

2272 REUGE A GOLD-PLATED OPEN-FACED MUSICAL AUTOMATON MECHANICAL POCKET WATCH, WITH ALARM CIRCA 2012 Movement :

Manual, 17 jewels, signed

Dial :

White dial with blued steel alarm hand, set in a pastoral scene, surmounted by vari-coloured gilt automaton scene depicting a falconer watering his horse at a trough and a lady operating the pump which flows simulated water, the huntsman raising and lowering his arm holding a hawk, and the horse lowering its head, signed

Case :

Gold-plated case with milled band and hinged back, the automaton and music activated through the alarm, signed

With : Orginal key Diameter 56 mm REUGE 獨特精美，鍍金開面機械懷錶，備音樂活動人偶及響鬧功 能，年份約2012，附原廠鑰匙

HKD 10,000-30,000 USD 1,300-3,800

2273 ZENITH A VINTAGE AND RARE WHITE GOLD MECHANICAL POCKET WATCH, WITH SMALL SECONDS, HORSES AND HORSE RACING ENGRAVINGS CIRCA 1990s Movement :

Manual, 15 jewels, signed

Dial :

White dial with small seconds at 6, signed

Case :

White gold case with horses and horse racing engravings, upper case inscribed with Grand Prix Paris 1900, crown at 3, signed

Diameter 50 mm 真力時 懷舊罕有，白金機械懷錶，備小秒針及駿馬和賽馬圖 案，年份約1900s

HKD 4,000-10,000 USD 500-1,300

2274 GERALD GENTA A SPECIAL AND FINE YELLOW GOLD CHUSHION-SHAPED COIN MECHANICAL WRISTWATCH Ref. G.3392.7, CIRCA 1997 Movement :

Manual, cal. , 17 jewels, signed

Dial :

Yellow gold coin depicting Cristoforo Colombo’s sailboat

Case :

Yellow gold cushion-shaped case with black bezel, signed

With :

Yellow gold Gerald Genta pin buckle

Measurement 35 × 35 mm 尊達 獨特精美，黃金枕形金幣機械腕錶，型號 G.3392.7，年份約1997

HKD 20,000-50,000 USD 2,600-6,400

70

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

PIAGET Coin Watch

2275 PIAGET AN INTERESTING AND FINE YELLOW GOLD COIN MECHANICAL POCKET WATCH CIRCA 1970 Movement :

Manual, signed

Dial :

Gilt dial, signed

Case :

Yellow gold coin case with a detachable decorative frame and a smaller yellow gold coin, a hidden pressure release opening to expose the dial, signed

Diameter 35 mm 伯爵 復古趣緻，黃金金幣機械懷錶，年份約1970

HKD 70,000-150,000 USD 9,000-19,200

71

PIAGET

Baguette diamond set Pocket Watch

72

2276 PIAGET A DELICATE AND FINE WHITE GOLD AND DIAMOND-SET OPEN-FACED MECHANICAL POCKET WATCH CIRCA 2008 Movement :

Manual, lever escapement, signed

Dial :

Black dial with diamond-set hour indexes, signed

Case :

White gold case with diamond-set bezel and bands, signed

With : Piaget presentation box Diameter 45 mm 伯爵 精細優雅，白金鑲鑽石開面機械懷錶，年份約2008，附原廠錶盒

HKD 100,000-200,000 USD 12,800-25,600

73

REUGE

Singing bird clock

2277 REUGE A FINE AND RARE GILT BRASS CAGE CLOCK WITH SINGING BIRD

The Swiss brand REUGE is internationally acclaimed in manufacturing delicate and traditional music boxes for more than

CIRCA 1980

150 year since 1865, especially the automation bird cage music

Movement :

Quartz, signed

box. This item is entirely hand-assembled, when the music box

Case :

Gilt brass cage with suspension loop, base inserted with a quartz clock, miniature bird standing on a brass rod which surrounded by man-made leaf decoration. When the cage is wounded, push the switch to the right, the colorful bird will sing while rotating on its axis, opening its beak and flapping its wings and tail

is winded, the automaton bird inside the elegant bird cage would

Measurement 115 × 65 × 180 mm REUGE

74

flap its wings, twist its body and sing beautiful and clear songs.

Each mechanical music box is very precious as it takes 30 stages processes and has to go through three months for the craftsman to assemble them. 誕生於1865年，擁有超過150年歷史的瑞士品牌REUGE，以製造精緻 而美麗的音樂盒而享譽國際，尤為獨特的便是鳥籠造型的音樂盒。此拍

鍍金黃銅鳥籠座鐘，備唱歌小鳥，年份約1980

品全用手工打造，扭動發條後，鳥籠內栩栩如生的小鳥，便會一邊拍打

HKD 20,000-30,000 USD 2,500-3,800

雙翼，扭動身驅，一邊唱出清脆嘹亮的樂曲。機械音樂鳥籠製作過程繁

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

複，需要經歷30多道工序，花費三個月的時間才能製成，非常珍貴。

2278 JAEGER-LECOULTRE A VINTAGE AND RARE YELLOW GOLD MECHANICAL WRISTWATCH, WITH ALARM Memovox, Ref. 15.10.12, CIRCA 1994 Movement :

Manual, signed

Dial :

White dial, signed

Case :

Yellow gold case, signed

2279 DELANEAU A SPECIAL AND FINE LADY’S YELLOW GOLD AND DIAMOND-SET RECTANGULAR WRISTWATCH, WITH A HIDDEN DIAL

With : Yellow gold Jaeger-LeCoultre pin buckle and Certificate of Origin

Golden Dream, Ref. G-2000, CIRCA 2000 Movement :

Quartz, signed

Diameter 31 mm

Dial :

Mother-of-pearl dial, signed

2280

Case :

Yellow gold rectangular case with diamond-set bezel and sliding case cover, case back secured by 4 screws, signed

VACHERON CONSTANTIN

積家 懷舊罕見，黃金機械腕錶，備鬧鐘功能， 「Memovox」，型號15.10.12，年份約 1994，附原廠證書

HKD 8,000-30,000 USD 1,000-3,800

With : Yellow gold DeLaneau pin buckle Measurement 23 × 35 mm

A VINTAGE YELLOW GOLD SQUARESHAPED AUTOMATIC WRISTWATCH CIRCA 1980

帝后

Movement :

Automatic, signed

獨特精緻，女裝黃金鑲鑽石長方形腕錶，備隱藏錶盤，

Dial :

Brown sunburst dial, signed

Case :

Yellow gold square-shaped case, signed

「Golden Dream」，型號G-2000，年份約2000

HKD 15,000-35,000 USD 1,900-4,500

With : Yellow gold Vacheron Constantin pin buckle, Certificate of Origin and presentation box Measurement 31 × 31 mm 江詩丹頓 復古懷舊，黃金方形自動腕錶，年份約1980，附原 廠證書及錶盒

HKD 35,000-35,000 USD 4,500-4,500 75

CARTIER

Tank Basculante Reverso

2281 CARTIER A SPECIAL AND FINE STAINLESS STEEL AND SAPPHIRE-SET RECTANGULAR REVERSIBLE MECHANICAL WRISTWATCH Tank Basculante, Ref. W1011358, CIRCA 2000 Movement :

Manual, signed

Dial :

Silvered dial, signed

Case :

Stainless steel rectangular case, opening lip at 12 set with sapphire cabochon, signed

With : Stainless steel Cartier pin buckle, Certificate of Origin and presentation box Measurement 25 × 30 mm 卡地亞 獨特精緻，精鋼鑲藍寶石方型機械腕錶，備可翻轉錶盤， 「TankBasculante」，型號W1011358，年份約2000，附原廠 證書及錶盒

HKD 18,000-38,000 USD 2,300-4,900

76

2282 PIAGET A VINTAGE AND FINE LADY’S WHITE GOLD, DIAMOND AND EMERALD-SET SQUARE MECHANICAL BRACELET WATCH Ref. G0A04611, CIRCA 2000 Movement :

Manual, signed

Dial :

Pavé diamond-set dial with emerald-set hour indexes, signed

Case :

White gold square case, case back secured by 4 screws, signed

With : White gold Piaget bracelet, clasp, Warranty Certificate Card and presentation box Measurement 23 × 23 mm, approximate length 190 mm

2283 ULYSSE NARDIN A FINE LIMITED EDITION, YELLOW GOLD AUTOMATIC WRISTWATCH WITH CLOISONNÉ ENAMEL DIAL DEPICTING CRISTOFORO COLOMBO SANTA MARIA SHIP

伯爵

San Marco, Ref. 131-77-9, Limited edition of 25 pieces, CIRCA 1996

複古精美，女裝白金鑲鑽石及綠寶石正方形機械鏈帶腕錶，型號

Movement : Automatic, 21 jewels, signed

G0A04611，年份約2000，附原廠證書及錶盒

HKD 30,000-50,000 USD 3,800-6,400

Dial : Cloisonné enamel dial depicting Cristoforo Colombo's sailboat, signed Case : Yellow gold case, case back secured by 4 screws, signed With : Yellow gold Ulysse Nardin pin buckle and original presentation box Diameter 37 mm 雅典 精美限量版，黃金自動腕錶，備琺瑯錶面，「San Marco」，型號 131-77-9，限量生產25枚，年份約1996，附原廠錶盒

HKD 55,000-75,000 USD 7,100-9,600

77

2284 IWC A FINE STAINLESS STEEL CHRONOGRAPH AUTOMATIC BRACELET WATCH, WITH DATE, DAY AND SMALL SECONDS Der Fliegerchronograph, Ref. 3706, CIRCA 2014 Movement :

Automatic, cal. 7902, 25 jewels, signed

Dial :

Black dial with three subsidairy dials for constant seconds, 30-minute and 12-hour registers, apertures for date and day at 3, signed

Case :

Stainless steel case with screw-down crown and case back, signed

With : Stainless steel IWC bracelet and folding clasp Diameter 38 mm, approximate length 175 mm 萬國錶

2285 IWC A FINE STAINLESS STEEL FLYBACK CHRONOGRAPH AUTOMATIC WRISTWATCH Fliegeruhr, Ref. 3717, CIRCA 2015 Movement :

Automatic, cal. 79320, 31 jewels, signed

Dial :

Silvered dial with three subsidairy dials for constant seconds, 30-minute and 12-hour registers, apertures for date and day at 3, signed

Case :

Stainless steel case with screw-down crown and case back, signed

With :

Stainless Steel IWC pin buckle

精美，精鋼自動鏈帶計時碼錶，備日期、星期顯示及小秒針， 「Der Fliegerchronograph」，型號3706，年份約2014

HKD 10,000-30,000 USD 1,300-3,800

Diameter 39mm 萬國錶 精美，精鋼自動計時碼表，備日期、星期顯示及小秒針， 「Fliegeruhr」，型號3717，年份2015

HKD 20,000-50,000 USD 2,600-6,400

78

2286 IWC A FINE AND RARE STAINLESS STEEL PERPETUAL CALENDAR CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH DATE, DAY, MONTH, YEAR, MOON PHASES INDICATORS AND SMALL SECONDS Da Vinci, Ref. IW375030, CIRCA 2008

2287

Movement :

Automatic, cal. 79261, 39 jewels, signed

FRANCK MULLER

Dial :

Black dial with four subsidairy dials for constant seconds with day, 30-minute register with date, 12hour register with month and moon phases indicators, aperture for four-digit year indicator, signed

A FINE SPECIAL EDITION STAINLESS STEEL CHRONOGRAPH MECHANICAL WRISTWATCH, WITH SMALL SECONDS

Case :

Stainless steel case with screw-down crown and case back, signed

Endurance 24, Ref. 96.01, CIRCA 1999

With : Stainless steel IWC pin buckle

Movement :

Manual, cal. 1870, 18 jewels, signed

Diameter 39 mm

Dial :

Black dial with luminescent hands and hour indexes, two subsidiary dials for constant seconds and 30-minute register, signed

Case :

Stainless steel case with screw-down case back, case back with racing car engraving, signed

萬國錶 精美罕見，精鋼萬年曆自動計時碼錶，備日期、星期、月份、年份、 月相顯示及小秒針，「Da Vinci」，型號IW375030，年份約2008

HKD 38,000-68,000 USD 4,900-8,700

With : Stainless steel pin buckle Diameter 37 mm 法蘭穆勒 精美，特別版精鋼機械計時碼錶，備小秒針，「Endurance 24」，型號96.01，年份約1999

HKD 35,000-65,000 USD 4,500-8,300

79

80

PATEK PHILIPPE Nautilus

2288 PATEK PHILIPPE A VINTAGE AND FINE STAINLESS STEEL AND DIAMONDSET ROUNDED OCTAGONAL AUTOMATIC BRACELET WATCH, WITH DATE Nautilus, Ref. 3800/1, CIRCA 1983 Movement :

Automatic, cal. 335 SC, 29 jewels, signed

Dial :

Black-blue dial with diamond-set hour indexes, aperture for date at 3, signed

Case :

Stainless steel rounded octagonal case with screw-down case back, signed

With : Stainless steel Patek Philippe bracelet, folding clasp and Certificate of Origin Diameter 35 mm, approximate length 165 mm 百達翡麗 懷舊精緻，精鋼鑲鑽石圓八角形自動鏈帶腕錶，備日期顯示「Nautilus」， 型號3800/1，年份約1983，附原廠證書

HKD 160,000-300,000 USD 20,500-38,500

81

2289 PIAGET A FINE WHITE GOLD AND DIAMOND-SET TONNEAUSHAPED MECHANICAL BRACELET WATCH Ref. 3528/3, CIRCA 1972 Movement :

Manual, cal.175, 18 jewels, signed

Dial :

Silvered dial, signed

2290

Case :

White gold tonneau-shaped case with diamondset bezel and snap-on case back, signed

PATEK PHILIPPE

With : White gold Piaget bracelet, folding clasp, Extract from the Archives and presentation box Measurement 31 mm × 26 mm, approximate length 180 mm 伯爵 精美，白金酒桶形鑲鑽石機械鏈帶腕錶，

A FINE WHITE GOLD SQUARE MECHANICAL WRISTWATCH Gondolo, Ref. 5489G, CIRCA 2008 Movement :

Manual, cal. 215, 18 jewels, signed

Dial :

Silvered dial, signed

Case :

White gold square case, case back secured by 4 screws, signed

型號3528/3，年份約1972，附原廠後補證書及錶盒

HKD 42,000-62,000 USD 5,400-7,900

With : White gold Patek Philippe pin buckle and Certificate of Origin Measurement 28 × 30 mm 百達翡麗 精美，白金正方形機械腕錶，「Gondolo」，型號5489G，年份約 2008，附原廠證書

HKD 75,000-150,000 USD 9,600-19,200

82

PATEK PHILIPPE

Perpetual Calendar

2291 PATEK PHILIPPE A FINE AND RARE ROSE GOLD TONNEAU-SHAPED PERPETUAL CALENDAR AUTOMATIC WRISTWATCH, WITH DATE, DAY, MONTH, LEAP YEAR, 24-HOUR AND MOON PHASES INDICATORS Grand Complications, Ref. 5040R, CIRCA 2006 Movement :

Automatic, cal. 240 Q, stamped with the Geneva seal, 27 jewels, signed

Dial :

Silvered dial with three subsidiary dials for month with leap year, day with 24-hour indicator and moon phases combined with date, signed

Case :

Rose gold tonneau-shaped case with sapphire crystal display back, signed

With : Rose gold Patek Philippe folding clasp, Certificate of Origin, setting pin, spare case back and presentation box Measurement 36 × 36 mm 百達翡麗 精美罕有，玫瑰金酒桶形萬年曆自動腕錶，備日期、星期、月份、閏年、24 小時及月相顯示，「超級複雜功能時計」，型號5040R，年份約2006，附原 廠證書、調校針、備用錶背蓋及錶盒

HKD 250,000-350,000 USD 32,100-44,900

83

84

PATEK PHILIPPE

Perpetual Calendar

2292 PATEK PHILIPPE A FINE LIMITED EDITION WHITE GOLD PERPETUAL CALENDAR AUTOMATIC WRISTWATCH, WITH DATE, DAY, MONTH, LEAP YEAR, 24-HOUR AND MOON PHASES INDICATORS Grand Complications, Ref. 5038G, Limited edition of 500 pieces, CIRCA 1997 Movement :

Automatic, cal. 240 Q, stamped with the Geneva seal, 27 jewels, signed

Dial :

Black dial with three subsidiary dials for month with leap year, day with 24-hour indicator and moon phases combined with date, signed

Case :

White gold case with sapphire crystal display back, signed

With : White gold Patek Philippe folding clasp, Extract from the Archives and presentation box Diameter 36 mm 百達翡麗 精細罕見，限量版白金萬年曆自動腕錶，備日期、星期、月份、閏年、24小 時及月相顯示，「超級複雜功能時計」，型號5038G，限量生產500枚，年 份約1997，附原廠後補證書及錶盒

HKD 260,000-320,000 USD 33,300-41,000

85

86

PATEK PHILIPPE

Flyback Date Perpetual

2293 PATEK PHILIPPE A VINTAGE AND FINE YELLOW GOLD PERPETUAL CALENDAR AUTOMATIC WRISTWATCH, WITH RETROGRADE DATE, DAY, MONTH, LEAP YEAR AND MOON PHASES INDICATORS Grand Complications, Ref. 5050J, CIRCA 1994 Movement :

Automatic, cal. 315 S QR, stamped with the Geneva seal, 31 jewels, signed

Dial :

Opaline white dial with fan-formed sector for retrograde date, three apertures for day, month and leap year indicators, subsidiary dial for moon phases indicator, signed

Case :

Yellow gold case with sapphire crystal display back, signed

With : Yellow gold Patek Philippe folding clasp, Extract from the Archives and presentation box Diameter 35 mm 百達翡麗 復古細緻，黃金萬年曆自動腕錶，備逆跳日期、星期、月份、閏年及月相顯 示

「超級複雜功能時計」，型號5050J，年份約1994，附原廠後

補證書及錶盒

HKD 300,000-450,000 USD 38,500-57,700

87

PATEK PHILIPPE Perpetual Chronograph

2294 PATEK PHILIPPE A VERY FINE ROSE GOLD PERPETUAL CALENDAR CHRONOGRAPH MECHANICAL WRISTWATCH, WITH DATE, DAY, MONTH, LEAP YEAR, 24-HOUR AND MOON PHASES INDICATORS Grand Complications, Ref. 5970R, CIRCA 2008 Movement :

Manual, cal. 27-70 Q, stamped with the Geneva seal, 24 jewels, signed

Dial :

Silvered dial with three subsidiary dials for constant seconds combined with 24-hour indicator, 30-minute register combined with leap year indicator and date combined with moon phases, two apertures for day and month indicators, signed

Case :

Rose gold case with sapphire crystal display back, signed

With : Rose gold Patek Philippe folding clasp, Certificate of Origin and presentation box Diameter 40 mm 百達翡麗 非常精美，玫瑰金萬年曆機械計時碼錶，備日期、星期、月份、閏年、24小 時及月相顯示，「超級複雜功能時計」，型號5970R，年份約2008，附原廠 證書及錶盒

HKD 900,000-1,200,000 USD 115,400-153,800

Since its beginnings in 1839, Patek Philippe has been pursuing the spirit of fine craftsmanship for more than 100 years. The number of watches produced every year is limited, but each timepiece integrates the most advanced technology and complex craftsmanship, so it has become a world-renowned high-end watch brand. As for Patek Philippe's most popular regal watches, it is none other than the perpetual calendar chronograph in the ultra-complex function series. At the Basel Watch Fair in 2005, Patek Philippe launched the 5970 series, which integrates two major complex functions. Many watch enthusiasts are eager for this style. The case of this lot model 5970R is made of rose gold. The silver-grey dial is equipped with the traditional dial layout of Patek Philippe. The functions such as perpetual calendar and chronograph occupy a corner and are clear and reliable. The willow-shaped hands and stick-shaped indexes show the brand's high-end elegance and charming style. The watch is also equipped with the CH 27-70 / 1550 manual winding movement developed by Lémania, acquired

by Patek Philippe. Unfortunately, the 5970 series was discontinued in 2010, but the watch is rare and very stunning and is a worthwhile investment and collectible. 始於1839年，百達翡麗逾百年來一直信奉著細工慢活的精神，每年出產的鐘錶數量相當稀少有限，但每枚時計都集結了最為頂尖的技 術和複雜工藝，故成為了聞名於世的高級鐘錶品牌。至於百達翡麗最受歡迎的皇牌錶種，就非超複雜功能系列的萬年曆計時碼錶莫屬。 2005年的巴塞爾錶展中，百達翡麗推出了集兩大複雜功能的5970系列，不少鐘錶愛好者對這款式趨之若鶩。本拍品型號5970R的錶殼為 玫瑰金材質，銀灰色的錶盤上設有百達翡麗的傳統盤面佈局，萬年曆和計時等功能各佔一角、清晰可靠，柳葉形指針和棒狀時標展現了品 牌高端優雅的迷人風格。腕錶還搭配了已被收購的Lémania所研發的CH 27-70/1550手動上弦機芯，惜5970系列於2010年已經停產， 腕錶罕見而非常驚艷，極富投資與收藏價值。

88

89

DE BEERS Hour Glass

2295 DE BEERS A GOLD-PLATED HOURGLASS, WITH FLOATING DIAMONDS CIRCA 2000 Case :

Containing approximately 2000 natural rough diamonds, weighing around 35 carats, suspended in clear fluid, duration approximately ten minutes, signed

With : De Beers presentation box Diameter 70 mm, Height 150 mm 戴比爾斯 精緻，鍍金沙漏時計，備浮動鑽石，年份約2000，附原廠錶盒

HKD 28,000-50,000 USD 3,600-6,400

90

2297 CHOPARD A FINE LADY’S WHITE GOLD AND DIAMOND-SET WRISTWATCH Happy Diamonds, Ref. 207449-1001, CIRCA 2010 Movement :

Quartz, signed

Dial :

Mother-of-pearl dial with three floating brilliant-cut diamond-set adornment, signed

Case :

White gold case, case back secured by 8 screws, signed

With : White gold Chopard pin buckle Diameter 40 mm

2296 JACOB & CO. AN INTERESTING AND FINE STAINLESS STEEL AND DIAMOND-SET WRISTWATCH, WITH QUINTUPLE TIME ZONE INDICATORS CIRCA 2002 Movement :

Quartz, signed

Dial :

Black dial with geometric patterns and quintuple time zone indicators, signed

Case :

Stainless steel case with diamond-set bezel, signed

蕭邦 精緻，女裝白金鑲鑽石腕錶，「Happy Diamonds」，型號2074491001，年份約2010

HKD 28,000-48,000 USD 3,600-6,200

With : Stainless steel Jacob & Co. folding clasp Diameter 46 mm JACOB & CO. 奇趣特別，精鋼鑲鑽石腕錶，備五地時間顯示，年份約2002

HKD 20,000-30,000 USD 2,600-3,800

91

2298 GERALD GENTA A FINE STAINLESS STEEL AND DIAMOND-SET AUTOMATIC WRISTWATCH WITH DATE Arena Sport, Ref. SSP.L.10, CIRCA 2000 Movement :

Automatic, signed

Dial :

Black dial with luminescent hands and aperture for date at 6, signed

Case :

Stainless steel case with diamond-set bezel, case back secured by 6 screws, signed

2299

With : Stainless steel Gerald Genta pin buckle

VACHERON CONSTANTIN

Diameter 38 mm

A FINE LADY'S WHITE GOLD AND DIAMOND-SET WRISTWATCH, WITH DATE

尊達 精美，精鋼鑲鑽石自動腕錶，備日期顯示，「Arena Sport」，型

CIRCA 2011

號SSP.L.10，年份約2000

Movement :

Quartz, signed

HKD 18,000-40,000 USD 2,300-5,100

Dial :

White dial with aperture for date at 6, signed

Case :

White gold case with diamond-set bezel, case back secured 6 screws, signed

With : White gold Vacheron Contantin pin buckle Diamerter 28 mm 江詩丹頓 精緻，女裝白金鑲鑽石腕錶，備日期顯示，年份約2011

HKD 30,000-50,000 USD 3,800-6,400

92

CARTIER

Diamond set Tortue 2300 CARTIER A SPECIAL AND FINE WHITE GOLD AND DIAMOND-SET TONNEAU-SHAPED MECHANICAL WRISTWATCH Tortue, Ref. 2497, CIRCA 2009 Movement :

Manual, cal. 430MC, 18 jewels, signed

Dial :

Silvered dial with Cartier’s secret signature at 7, signed

Case :

White gold tonneau-shaped case with daimond-set bezel, lugs and crown, sapphire crystal display back, case back secured by 8 screws, signed

With : White gold Cartier folding clasp Measurement 35 × 35 mm 卡地亞 獨特雅致，白金鑲鑽石酒桶形機械腕錶，「Tortue」，型號 2497，年份約2009

HKD 115,000-180,000 USD 14,700-23,100

93

2302 DEWITT A FINE LIMITED EDITION WHITE GOLD AND DIAMOND-SET AUTOMATIC WRISTWATCH, WITH RETROGRADE SECONDS Academia Seconde Retrograde, Ref. AC.1102.48-102.M662-102L, Limited edition of 250 pieces, CIRCA 2012

2301

Movement :

Automatic, cal. DW1102, 21 jewels, signed

Dial :

Mother-of-pearl dial with diamond-set hour indexes and fanformed sector for retrograde seconds, signed

Case :

White gold case with diamond-set bezel, lugs and sapphire crystal display back, case back secured by 6 screws, signed

BREGUET

With : White gold DeWitt pin buckle

A FINE LADY’S YELLOW GOLD, DIAMOND AND EMERALDSET AUTOMATIC WRISTWATCH, WITH DATE

Diameter 43 mm 迪威特

Horloger de la Marine, Ref. 1889, CIRCA 1995

時尚精美，限量版白金鑲鑽石自動腕錶，備逆跳秒針顯示，「Academia

Movement :

Automatic, cal. , jewels, signed

Seconde Retrograde」，型號 AC.1102.48-102.M662-102L，限量生

Dial :

Mother-of-pearl engine-turned dial with diamond-set indexes and aperture for date at 6, signed

產250枚，年份約2012

Case :

Yellow gold case with emerald-set bezel and diamond-set lugs, case back secured by 6 screws, signed

With : Yellow gold and diamond-set Breguet folding clasp Diameter 25 mm 寶璣 精緻，女裝黃金鑲鑽石及綠寶石自動腕錶，備日期顯示，「Horloger de la Marine」，型號1889，年份約1995

HKD 55,000-90,000 USD 7,100-11,500

94

HKD 30,000-60,000 USD 3,800-7,700

AUDEMARS PINGUET Baguette diamond set

2303 AUDEMARS PIGUET A RARE AND ELEGANT LADY’S WHITE GOLD AND DIAMOND-SET MECHANICAL WRISTWATCH CIRCA 2012 Movement :

Manual, signed

Dial :

Pavé diamond-set dial with baguette-cut diamond-set chapter ring, signed

Case :

White gold case with diamond-set bezel, case back secured by 4 screws, signed

With : White gold Audemars Piguet pin buckle Diameter 30 mm 愛彼 亮麗罕有，女裝白金鑲鑽石機械腕錶，年份約2012

HKD 184,000-280,000 USD 23,600-35,900

95

CHOPARD

Happy Sport Baguette diamond set

2304 CHOPARD A VERY FINE AND ELEGANT LADY’S WHITE GOLD AND DIAMOND-SET OVAL-SHAPED BRACELET WATCH Happy Sport, Ref. 27/7148-20, CIRCA 2015 Movement :

Quartz, signed

Dial :

Pavé diamond-set dial with seven floating brilliant-cut diamond-set adornment, signed

Case :

White gold oval-shaped case with diamond-set bezel, lugs and crown, case back secured by 4 screws, signed

With : White gold and diamond-set bracelet and folding clasp Measurement 28 × 38 mm, approximate length 165 mm 蕭邦 優雅精緻，女裝白金鑲鑽石橢圓形鏈帶腕錶，「Happy Sport」，型號 27/7148-20，年份約2015

HKD 350,000-650,000 USD 44,900-83,300

97

2305 HERMES A FINE STAINLESS STEEL RECTANGULAR WRISTWATCH, WITH DATE Cape Cod, Ref. CC1.810, CIRCA 2016 Movement :

Quartz, signed

Dial :

White dial with aperture for date at 3, signed

Case :

Stainless steel rectangular case, case back secured by 6 screws, signed

With : Stainless steel Hermes folding clasp

2306

Measurement 30 × 32 mm

ULYSSE NARDIN

愛瑪仕

A FINE STAINLESS STEEL DUAL TIME AUTOMATIC WRISTWATCH, WITH LARGE DATE

精細，精鋼長方形腕錶，備日期顯示，「Cape Cod」，型號CC1.810，年 份約2016

HKD 10,000-20,000 USD 1,300-2,600

Ref. 223-88, CIRCA 2012 Movement :

Automatic, cal. UN 22 , 29 jewels, signed

Dial :

Silvered dial with apertures for second time zone and large date, signed

Case :

Stainless steel case with sapphire crystal display back, case back secured by 6 screws, signed

With : Stainless steel Ulysse Nardin pin buckle Diamerter 39 mm 雅典 精美，精鋼兩地時間自動腕錶，備大日曆顯示，型號223-88，年份約2012

HKD 20,000-32,000 USD 2,600-4,100 98

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

FRANCK MULLER 2307 FRANCK MULLER A FINE STAINLESS STEEL TONNEAUSHAPED AUTOMATIC WRISTWATCH, WITH AN ENAMEL PORCELAIN DISH Casablanca, Ref. 6850, CIRCA 2012 Movement :

Automatic, cal. 2800, signed

Dial :

Silvered dial, signed

Case :

Stainless steel tonneau-shaped case, case back secured by 4 screws, signed

With : Stainless steel Franck Muller pin buckle and an enamel porcelain dish Measurement 38 × 42 mm 法蘭穆勒 獨特精美，精鋼酒桶形自動腕錶，「Casablanca」， 型號6850，年份約2012，附琺瑯陶瓷碟子

HKD 20,000-40,000 USD 2,600-5,100

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

99

2308 JAEGER-LECOULTRE A SPECIAL AND FINE STAINLESS STEEL DOUBLE-DIALED RECTANGULAR REVERSIBLE DUAL TIME MECHANICAL WRISTWATCH, WITH DATE AND 24-HOUR INDICATOR Reverso, Ref. 270.840.544B, CIRCA 1998 Movement :

Manual, cal. 845, 21 jewels, signed

Dial :

Silvered dial with subsidiary dial for small seconds at 6, reversed grey dial with subsidiary dial for 24-hour indicator, signed

Case :

Stainless steel rectangular reversible case, signed

With : Stainless steel Jaeger-LeCoultre folding clasp, Certificate of Origin, setting pin and presentation box Measurement 25 × 30 mm

2309 GIRARD-PERREGAUX A FINE STAINLESS STEEL RECTANGULAR AUTOMATIC WRISTWATCH, WITH LARGE DATE, MOON PHASES AND SMALL SECONDS Vintage 1945, Ref. 2580, CIRCA 2014 Movement :

Automatic, cal. 3306, 32 jewels, signed

Dial :

Silvered dial with luminescent hands and hour indexes, aperture for large date and subsidiary dial for small seconds with moon phases, signed

調校針及錶盒

Case :

HKD 20,000-40,000 USD 2,600-5,100

White gold rectangular case with sapphire crystal display back, case back secured by 4 screws, signed

With : White gold Girard-Perregaux pin buckle

積家 獨特精美，精鋼雙錶面方形兩地時間機械腕錶，備可翻轉錶盤、日期及24小 時顯示，「Reverso」，型號270.840.544B，年份約1998，附原廠證書、

Measurement 30 × 30 mm 芝柏 精美，白金長方形自動腕錶，備大日曆、月相顯示及小秒針，「Vintage 1945」，型號2580，年份約2014

HKD 30,000-50,000 USD 3,800-6,400

100

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

CARTIER

Santos 100 Tourbillon

2310 CARTIER A VERY FINE AND RARE ROSE GOLD AND SAPPHIRE-SET SQUARE-SHAPED TOURBILLON MECHANICAL WRISTWATCH Santos 100XL HH, Ref. W2020019, CIRCA 2015 Movement :

Manual, cal. 9452 MC, stamped with the Geneva seal, 19 jewels, signed

Dial :

Silvered dial with one-minute tourbillon carriage at 6, signed

Case :

Rose gold square-shaped case with sapphire-set crown and sapphire crystal display back, case back secured by 8 screws, signed

With : Rose gold Cartier folding clasp, Certificate of Origin and presentation box Measurement 40 × 40 mm 卡地亞 非常罕見精美，玫瑰金正方形陀飛輪機械腕錶，「Santos 100XL HH」，型號W2020019，年份約2015，附原廠證書及錶盒

HKD 350,000-650,000 USD 44,900-83,300 101

102

2311 OMEGA A FINE AND RARE LIMITED EDITION ROSE GOLD TONNEAU-SHAPED AUTOMATIC WRISTWATCH, WITH SMALL SECONDS The Omega Museum Collection, “Petrograd Watch 1915”, Ref. 5703.30.01, Limited edition of 1915 pieces, CIRCA 2003 Movement :

Automatic, cal. 2200, 21 jewels, signed

2312

Dial :

Silvered dial with subsidiary dial for small seconds at 6, signed

FRANCK MULLER

Case :

Rose gold tonneau-shaped case, case back secured by 8 screws, signed

With : Rose gold Omega pin buckle, Certificate of Origin and presentation box Measurement 32 × 50 mm 歐米茄

A FINE WHITE GOLD RECTANGULAR CURVED TRIPLE TIME ZONE AUTOMATIC WRISTWATCH, WITH DATE AND MOON PHASES INDICATORS Long Island Master Banker, Ref. 1250 MB L DT, CIRCA 2009 Movement :

Automatic, signed

Dial :

Silvered dial with three subsidiary dials for second and third time zones, date combined with moon phases, signed

Case :

White gold rectangular curved case, case back secured by 4 screws, signed

精美罕有，限量版玫瑰金酒桶形自動腕錶，備小秒針，「The Omega Museum Collection」，"Petrograd Watch 1915"， 型號5703.30.01，限量生產1915枚，年份約2003，附原廠證書 及錶盒

HKD 40,000-60,000 USD 5,100-7,700

With : White gold Franck Muller pin buckle Measurement 33 × 45 mm 法蘭穆勒 精美，白金長方形三地時間自動腕錶，備日期及月相顯示， 「Long Island Master Banker」，型號1250 MB L DT，年 份約2009

HKD 55,000-85,000 USD 7,100-10,900

103

104

CARTIER

Tortue Perpetual Tourbillon

2313 CARTIER A VERY FINE LIMITED EDITION PLATINUM AND SAPPHIRESET TONNEAU-SHAPED PERPETUAL CALENDAR TOURBILLON MECHANICAL WRISTWATCH, WITH DATE, DAY, MONTH AND POWER RESERVE INDICATORS Collection Privée Tortue, Limited edition of 15 pieces, CIRCA 2007 Movement :

Manual, cal. 9434 MC, 35 jewels, signed

Dial :

Silvered dial with three subsidiary dials for month indicator, date combined with 30-minute register and day combined with power reserve indicator, one-minute tourbillon carriage between 8 and 10, signed

Case :

Platinum tonneau-shaped case with sapphire-set crown and sapphire crystal display back, case back secured by 8 screws, signed

With : Platinum Cartier folding clasp Measurement 41 × 41 mm 卡地亞 精美稀有，限量版鉑金鑲藍寶石酒桶形萬年曆陀飛輪機械腕錶，備日期、星 期、月份、動力儲存顯示，「Collection Privée Tortue」，限量生產15 枚，年份約2007

HKD 620,000-720,000 USD 79,500-92,300

In 1912, the whimsical designer Louis Cartier drew inspiration from the tortoise shells and used his creativity to create the exceptional Tortue collection, whose distinctive shape has been a hallmark of Cartier's watchmaking expertise since its inception. In designing this unique perpetual calendar tourbillon wristwatch, Cartier not only considered how to simplify the dial display aesthetically, but also devised the best configuration for practical purposes. The curved tonneau-shaped case is crafted in platinum and features a silver dial with three sub-dials for the month at 12 o'clock, the date and 30-minute display at 3 o'clock and the day of the week and power reserve at 6 o'clock; the tourbillon at 9 o'clock is eye-catching. In addition, the watch incorporates the 9434 MC manual winding movement, and together with a variety of patented technologies, is a flawlessly elegant model, whether in terms of its compact lines, its distinctive silhouette, its enormous dial, or its unparalleled practical complications, making the Tortue collection one of Cartier's most admired models.

1912年，擁有奇思妙想的設計師路易．卡地亞(Louis Cartier)從龜甲中汲取靈感，並以無窮創意演繹了卓越非凡的Tortue系列，其外形 獨特，自其問世之日起，便成為卡地亞製錶工藝的代表作。卡地亞在設計這款獨特的萬年曆陀飛輪腕錶時，不僅從美學上考量如何簡化 面盤顯示，同時也從實用面向解剖出最佳的配置方式。弧狀的酒桶形錶殼以鉑金打造而成，銀色錶盤上設有三個子錶盤，分別用於12時 方向的月份顯示、3時方向的日期跟30分鐘顯示以及6時方向的星期跟動力儲存顯示﹔9時方向的陀飛輪裝置搶眼而奪目。另外，腕錶搭 載了包括了各種專利技術的9434 MC手動上弦機芯，無論是緊湊的線條、獨特的輪廓、寬大的錶盤，或是無比實用的複雜功能，都彰 顯出完美無瑕的優雅風範，使Tortue系列成為了卡地亞最受推崇的錶款之一。

105

2314 MEMORIGIN A FINE STAINLESS STEEL TOURBILLON MECHANICAL WRISTWATCH, WITH DAY/NIGHT AND POWER RESERVE INDICATORS

CARTIER

CIRCA 2016 Movement :

Manual, signed

Dial :

Black dial with apertures for day/night and power reserve indicators, one-minute tourbillon carriage at 12, signed

Case :

2315

Stainless steel case with sapphire crystal display back, signed

With : Stainless steel Memorigin folding clasp and Certificate of Origin Diameter 42 mm

A FINE YELLOW GOLD AND SAPPHIRESET MECHANICAL WRISTWATCH Vendome Biplan, Ref. W1514457, CIRCA 1999 Movement :

Manual, signed

2316

Dial :

Silvered dial, signed

JAEGER-LECOULTRE

Case :

Yellow gold case with sapphireset crown, case back secured by 8 screws, signed

A SPECIAL AND FINE STAINLESS STEEL RECTANGULAR REVERSIBLE AUTOMATIC WRISTWATCH, WITH DATE

With : Yellow gold Cartier folding clasp, Certificate of Origin and presentation box Diameter 32 mm

萬希泉 精緻，精鋼陀飛輪機械腕錶，備晝夜及動力儲 存顯示，年份約2016，附原廠證書

HKD 10,000-30,000 USD 1,300-3,800

卡地亞 精美，黃金鑲藍寶石機械腕錶，「Vendome Biplan」，型號W1514457，年份約1999，附 原廠證書及錶盒

HKD 25,000-45,000 USD 3,200-5,800

Reverso Squadra, Ref. 234.8.66, CIRCA 2014 Movement :

Automatic, cal. 966, 28 jewels, signed

Dial :

Silvered dial with aperture for date at 6, signed

Case :

Stainless steel rectangular reversible case with sapphire crystal display back, signed

With : Stainless steel Jaeger-LeCoultre folding clasp Measurement 28 × 33 mm 積家 獨特精美，精鋼方形自動腕錶，備可翻轉錶盤及日期顯示， 「Reverso Squadra」，型號234.8.66，年份約2014

HKD 28,000-42,000 USD 3,600-5,400

106

紅色標題拍品無保留價 Lots with red titles are to be sold without reserve

2317 BREGUET A FINE YELLOW GOLD CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH DATE AND SMALL SECONDS Horloger de la Marine, Ref. 3460, CIRCA 1998 Movement :

Automatic, cal. 576, 37 jewels, signed

Dial :

Silvered engine-turned dial with aperture for date at 6, three subsidiary dials for constant seconds, 30-minute and 12-hour registers, signed

2318

Case :

Yellow gold case, case back secured by 6 screws, signed

CARTIER

With : Yellow gold Breguet folding clasp Diameter 30 mm

A FINE STAINLESS STEEL AND SAPPHIRE-SET CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH DATE

寶璣

Ballon Bleu De Cartier, Ref. 3109, CIRCA 2013

精美，黃金自動計時碼錶，備日期顯示及小秒針，「Horloger de la

Movement :

Automatic, cal. 8101 MC, 33 jewels, signed

Marine」，型號3460，年份約1998

Dial :

HKD 38,000-68,000 USD 4,900-8,700

Silvered dial with two subsidiary dials for constant seconds and 30-minute register, aperture for date at 9, signed

Case :

Stainless steel case with sapphire-set crown and sapphire crystal display back, case back secured by 8 screws, signed

With : Stainless steel Cartier folding clasp Diameter 42 mm 卡地亞 精美，精鋼鑲藍寶石自動計時碼錶，備日期顯示，「Ballon Bleu De Cartier」，型號3109，年份約2013

HKD 30,000-60,000 USD 3,800-7,700

107

RESSENCE Type 3

2319 RESSENCE AN INTERESTING AND FINE TITANIUM AUTOMATIC WRISTWATCH, WITH DATE, DAY, SMALL SECONDS AND OIL TEMPERATURE INDICATOR Type 3, Ref. TYPE 3BB, CIRCA 2015 Movement :

Automatic, signed

Dial :

Black dial with four subsidiary dials for hours, day, oil temperature and small seconds, outer rings for date and minutes, signed

Case :

Titanium case, signed

With : Ressence pin buckle, Certificate of Origin and presentation box Diameter 44 mm RESSENCE 奇趣特別，鈦金屬自動腕錶，備日期、星期、小秒針及液態油溫度顯示， 「Type 3」，型號TYPE 3BB，年份約2015，附原廠證書及錶盒

HKD 90,000-180,000 USD 11,500-23,100

108

HYT Skull

2320 HYT A SPECIAL AND FINE LIMITED EDITION DLCCOATED TITANIUM MECHANICAL WRISTWATCH, WITH RETROGRADE FLUID HOURS AND POWER RESERVE INDICATOR Skull Bad Boy, Ref. 151-DS-43-NF-AS, Limited edition of 50 pieces, CIRCA 2019 Movement :

Manual, cal. HYT 101, 35 jewels, signed

Dial :

Silvered dial depicting a skull, signed

Case :

DLC-coated titanium case with sapphire crystal display back, case back secured by 6 screws, signed

With : Titanium HYT folding clasp, Certificate of Origin and presentation box Diameter 51 mm HYT 獨特趣緻，限量版DLC塗層鈦金屬機械腕錶，備逆跳液體小時及 動力儲存顯示，「Skull Bad Boy」，型號 151-DS-43-NFAS，限量生產50枚，年份約2019，附原廠證書及錶盒

HKD 240,000-340,000 USD 30,800-43,600

109

110

HYT

H1 Iceberg 2321 HYT A VERY FINE LIMITED EDITION TITANIUM MECHANICAL WRISTWATCH, WITH RETROGRADE FLUID HOURS AND POWER RESERVE INDCATOR H1 Iceberg 2, Ref. 148-TT-11-BF-RW, Limited edition of 50 pieces, CIRCA 2019 Movement :

Manual, cal. HYT 101, 35 jewels, signed

Dial :

Multi-layered dial with enamel blue minute dial and two cylinders, signed

Case :

Titanium case with sapphire crystal display back, case back secured by 6 screws, signed

With : Titanium HYT folding clasp, Certificate of Origin and presentation box Diameter 49 mm HYT 罕有精美，限量版鈦金屬機械腕錶，備逆跳液體小時及動力儲存顯示，「H1 Iceberg 2」，型號148-TT-11-BF-RW，限量生產50枚，年份約2019， 附原廠證書及錶盒

HKD 260,000-360,000 USD 33,300-46,200

As a pioneer of traditional watchmaking and fluid technologies, HYT is an innovator of science, high technology, philosophy, art and design. HYT is dedicated to combine innovative hydro fluid system with traditional watch craftsmanship.

HYT spent 18 months to research and develop H1 Iceberg 2, in a limited production of 50 pieces, HYT uses a retrograde blue fluid hours display reminiscent of the ocean and the sky. The case is titanium with brushed, and satin-finished surfaces.

The calibre 101 mechanical hand-wound movement, developed exclusively by HYT, provides a 65-hour power reserve with a titanium buckle and a white rubber strap.

Beneath the curved sapphire crystal, the dial area shrinks back, revealing silvery tones bezel, normative data for sport and fluorescent indicators, and opens to an open central metallic area. The sky blue liquid highlights the complexity of the mechanism, but also adds a touch of lightness and a breath of fresh air, like an iceberg-like white finishes emphasizes the extraordinary mechanical structure of the watch.

HYT 是融合傳統製錶工藝與流體力學的先行者, 也是融合科學、高科技、哲學、藝術和設計 於一身的發明家，HYT致力於結合無限創新的液壓機械技術和傳統製錶工藝，提供極致精粹 之作。 H1 Iceberg 2限量生產50枚，研發時間耗費長達18個月，HYT採用了讓人聯想起海洋及天空 的藍色逆跳式液體小時顯示。鈦金屬錶殼經過磨砂處理及以鍛面潤飾處理錶面。腕錶由HYT 獨家研製的手動上鍊水力HYT 101機械機芯提供65小時的動力儲備，附有鈦金屬錶扣和白 色橡膠錶帶。在拱型的藍寶石水晶錶面下方，錶盤區域向後縮小，並露出邊緣周圍的銀色章 環、運動應用數字和發光指數，並通向開放式的金屬中心區域，設計相當新穎。天藍色的液 體襯托出機械結構的複雜性，同時也為腕錶增加一絲輕盈與清新的氣息，如同冰山般的白色 飾面設計強調了腕錶的超凡機械結構。

111

ROLEX

2323 ROLEX A FINE STAINLESS STEEL DUAL TIME AUTOMATIC BRACELET WATCH, WITH STICK DIAL GMT Master II, Ref. 16710, “Pepsi” Stick Dial, CIRCA 2007 Automatic, cal. 3185, 31 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel case with bidirectional revolving ceramic bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and Certificate of Origin

2322 ROLEX A FINE STAINLESS STEEL AUTOMATIC BRACELET WATCH, WITH DATE Submariner, Ref. 16610LV, “Kermit”, CIRCA 2005 Movement :

Automatic, cal. 3135, 31 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel case with unidirectional revolving ceramic bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and Certificate of Origin Diameter 41 mm, approximate length 180 mm 勞力士 精美，精鋼自動鏈帶腕錶，備日期顯示，「Submariner」，"Kermit"，型 號16610LV，年份約2005，附原廠證書

HKD 100,000-200,000 USD 12,800-25,600

112

Movement :

Diameter 41 mm, approximate length 175 mm 勞力士 精美，精鋼兩地時間自動鏈帶腕錶，備日期顯示，「GMT Master II」， “Pepsi”筷子面，型號16710，年份約2007，附原廠證書

HKD 120,000-220,000 USD 15,400-28,200

ROLEX

2325 ROLEX A FINE STAINLESS STEEL AUTOMATIC BRACELET WATCH, WITH DATE Sea-Dweller, Ref. 16660, CIRCA 1995

2324

Movement :

Automatic, cal. 3035, 27 jewels, signed

Dial :

Black dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel case with unidirectional revolving ceramic bezel, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and Certificate of Origin

ROLEX A SPECIAL AND FINE YELLOW GOLD AND STAINLESS STEEL DUAL TIME AUTOMATIC BRACELET WATCH, WITH DATE

Diameter 41 mm, approximate length 185 mm 勞力士

GMT Master II "Rootbeer", Ref. 16713, CIRCA 2005

精細，精鋼自動鏈帶腕錶，備日期顯示，「Sea-Dweller」，型號16660，

Movement :

Automatic, cal. 3185, 31 jewels, signed

年份約1995，附原廠證書

Dial :

Brown dial with luminescent hands and hour indexes, aperture for date at 3, signed

Case :

Stainless steel case with bidirectional revolving ceramic bezel, screw-down crown and case back, signed

HKD 70,000-150,000 USD 9,000-19,200

With : Yellow gold and stainless steel Rolex bracelet, folding clasp and Certificate of Origin Diameter 39 mm, approximate length 175 mm 勞力士 獨特精美，黃金及精鋼兩地時間自動鏈帶腕錶，備日期顯示，「GMT Master II 」"Rootbeer"，型號16713，年份約2005，附原廠證書

HKD 80,000-150,000 USD 10,300-19,200

113

ROLEX Daytona

2326 ROLEX A FINE YELLOW GOLD, STAINLESS STEEL AND DIAMONDSET CHRONOGRAPH AUTOMATIC BRACELET WATCH, WITH SMALL SECONDS AND TACHYMETER Cosmograph Daytona, Ref. 116523, CIRCA 2000 Movement :

Automatic, cal. 4130, 44 jewels, signed

Dial :

Gilt dial with diamond-set hour indexes, three subsidiary dials for constant seconds, 30-minute and 12-hour registers, signed

Case :

Yellow gold and stainless steel case with bezel calibrated for 400 units per hour, screw-down crown and case back, signed

With : Yellow gold and stainless steel Rolex bracelet and folding clasp Diameter 39 mm, approximate length 185 mm 勞力士 精美，黃金及精鋼鑲鑽石自動鏈帶計時碼錶，備小秒針及測速計， 「Cosmograph Daytona」，型號116523，年份約2000

HKD 88,000-150,000 USD 11,300-19,200

2327 ROLEX A FINE STAINLESS STEEL CHRONOGRAPH AUTOMATIC BRACELET WATCH, WITH SMALL SECONDS AND TACHYMETER Cosmograph Daytona, Ref. 116520, CIRCA 2015 Movement :

Automatic, cal. 4130, 44 jewels, signed

Dial :

Black dial with three subsidiary dials for constant seconds, 30-minute and 12-hour registers, signed

Case :

Stainless steel case with bezel calibrated for 400 units per hour, screw-down crown and case back, signed

With : Stainless Steel Rolex bracelet, folding clasp and International Guarantee Card Diameter 39 mm, approximate length 180 mm 勞力士 精細，精鋼自動鏈帶計時碼錶，備小秒針及測速計，「Cosmograph Daytona」，型號116520，年份約2015，附原廠國際保證卡

HKD 160,000-260,000 USD 20,500-33,300

114

ROLEX Daytona

2328 ROLEX A FINE STAINLESS STEEL CHRONOGRAPH AUTOMATIC BRACELET WATCH, WITH SMALL SECONDS AND TACHYMETER Cosmograph Daytona, Ref. 16520, CIRCA 1993 Movement :

Automatic, cal. 4030, 31 jewels, signed

Dial :

Black dial with three subsidiary dials for constant seconds, 30-minute and 12-hour registers, signed

Case :

Stainless steel case with bezel calibrated for 400 units per hour, screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, folding clasp and presentation box Diameter 39 mm, approximate length 180 mm 勞力士 精細，精鋼自動鏈帶計時碼錶，備小秒針及測速計，「Cosmograph Daytona」，型號16520，年份約1993，附原廠錶盒

HKD 120,000-220,000 USD 15,400-28,200

115

116

ROLEX

Red Submarine 1680

2329 ROLEX A FINE STAINLESS STEEL AUTOMATIC WRISTWATCH, WITH DATE Submariner, Ref. 1680, CIRCA 1974 Movement :

Automatic, cal. 1570, 26 jewels, signed

Dial :

Black dial with aperture for date at 3, signed

Case :

Stainless steel case with screw-down crown and case back, signed

With : Stainless steel Rolex bracelet, pin buckle, Certificate of Origin and presentation box Diameter 39 mm 勞力士 精美，精鋼自動腕錶，備日期顯示，「Submariner」，型號1680，年份約 1974，附原廠鏈帶、證書及錶盒

HKD 160,000-260,000 USD 20,500-33,300

117

2330 ROGER DUBUIS A FINE TITANIUM AUTOMATIC WRISTWATCH, WITH DATE AND SMALL SECONDS Excalibur, Ref. DBEX0509, CIRCA 2017 Movement :

Automatic, cal. RD830, 27 jewels, signed

Dial :

Silvered dial with subsidiary dial for small seconds and aperture for date, signed

Case :

Titanium case with sapphire crystal display back, case back secured by 4 screws, signed

With :

Titanium Roger Dubuis folding clasp

Diameter 45 mm

2331 LINDE WERDELIN A FINE LIMITED EDITION ALLOY, TITANIUM AND CERAMIC AUTOMATIC WRISTWATCH, WITH MOON PHASES Oktupus Moonlite, Ref. OKT.MAC, Limited edition of 59 pieces, CIRCA 2019

羅傑·杜彼

Movement :

Automatic, LW caliber, 23 jewels, signed

精美，鈦金屬自動腕錶，備日期顯示及小秒針，「Excalibur」，型號

Dial :

Silvered dial with inner ring for moon phases, signed

DBEX0509，年份約2017

Case :

Alloy case with white ceramic bezel, screw-down crown and case back, signed

HKD 35,000-65,000 USD 4,500-8,300

With : Titanium Linde Werdelin pin buckle Diameter 44 mm 林德 精細，限量版合金、鈦金屬及陶瓷自動腕錶，備月相顯示，「Oktupus Moonlite」，型號OKT.MAC，限量生產59枚，年份約2019

HKD 30,000-90,000 USD 3,800-11,500

118

DE BETHUNE DB27 Titan Hawk

2332 DE BETHUNE AN IMPRESSIVE ZIRCONIUM AUTOMATIC WRISTWATCH, WITH DATE Titan Hawk, Ref. DB27ZS8, CIRCA 2015 Movement :

Automatic, cal. S233, 36 jewels, signed

Dial :

Black dial with inner ring for date, signed

Case :

Zirconium case, case back secured by 8 screws, signed

With : Zirconium De Bethune pin buckle, Certificate of Origin and presentation box Diameter 43 mm DE BETHUNE 創新特別，鋯金屬自動腕錶，備日期顯示，「 Titan Hawk」，型號DB27ZS8，年份約2015，附原廠證書及錶盒

HKD 120,000-220,000 USD 15,400-28,200

119

120

MB&F

HMX

2333 MB & F AN EXCEPTIONAL AND FINE LIMITED EDITION STAINLESS STEEL AND TITANIUM AUTOMATIC WRISTWATCH, WITH HIGH EFFICIENCY “RADAR GREEN” LUME Black Badger Edition Radar Green, Ref. 57.STPL.B, Limited edition of 18 pieces, CIRCA 2016 Movement :

Automatic, 40 days power reserve, 29 jewels, signed

Dial :

Bi-directional jumping hours and trailing minutes, displayed by dual reflective sapphire crystal prisms with integrated magnifying lens, engine “rocker covers” from milled blocks of high-efficiency lume, signed

Case :

Titanium and stainless steel case with sapphire crystal display back, case back secured by 6 screws, signed

With : Titanium MB & F pin buckle, Certificate of Origin and presentation box Measurement 46.8 × 44.3 × 20.7 mm MB & F 獨特罕有，限量版鈦金屬及精鋼自動腕錶，備綠色夜光顯示，「Black Badger Edition Radar Green」，型號.57.STPL.B，限量生產18枚，年份約2016，附 原廠證書及錶盒

HKD 120,000-240,000 USD 15,400-30,800

121

122

PANERAI

Tourbillon

2334 PANERAI A VERY FINE LIMITED EDITION TITANIUM CUSHION-SHAPED DUAL TIME TOURBILLON MECHANICAL WRISTWATCH, WITH SMALL SECONDS, 24-HOUR AND POWER RESERVE INDICATOR Radiomir, Ref. PAM00315, Limited edition of 125 pieces, CIRCA 2018 Movement :

Manual, cal. P.2005, 31 jewels, signed

Dial :

Brown dial with luminescent hands and hour indexes, subsidiary dials for second time zone and small seconds at 3 and 9, signed

Case :

Titanium cushion-shaped case with sapphire crystal display back, one-minute tourbillon carriage and power reserve indicator on the case back, case back secured by 4 screws, signed

With : Titanium Panerai folding clasp Measurement 48 × 48 mm 沛納海 非常精美，限量版鈦金屬枕形兩地時間陀飛輪機械腕錶，備小秒針、24小時 及動力儲存顯示，「Radiomir」，型號PAM00315，限量生產125枚，年 份約2018

HKD 380,000-480,000 USD 48,700-61,500

123

124

PATEK PHILIPPE

Travel Time

2335 PATEK PHILIPPE A SPECIAL AND FINE PLATINUM AND DIAMOND-SET DUAL TIME MECHANICAL WRISTWATCH, WITH SMALL SECONDS AND 24-HOUR INDICATOR Calatrava Travel Time, Ref. 5134P, CIRCA 2005 Movement :

Manual, cal. 215 PS FUS, stamped with the Geneva seal, 18 jewels, signed

Dial :

Silvered dial with two hands for primary and secondary time zones, two subsidiary dials for small seconds and 24-hour indicator, signed

Case :

Platinum case with a diamond set between the lugs at 6 and sapphire crystal display back, signed

With : Platinum Patek Philippe folding clasp, Certificate of Origin and presentation box Diameter 36 mm 百達翡麗 獨特精美，鉑金鑲鑽石兩地時間機械腕錶，備小秒針及24小時顯示， 「Calatrava Travel Time」，型號5134P，年份約2005，附原廠證書及錶盒

HKD 150,000-250,000 USD 19,200-32,100

125

PATEK PHILIPPE World Time

2336 PATEK PHILIPPE A FINE ROSE GOLD WORLD TIME AUTOMATIC WRISTWATCH Complications, Ref. 5130R, CIRCA 2015 Movement :

Automatic, cal. 240 HU, stamped with the PP seal, 33 jewels, signed

Dial :

Silvered inner dial with 24-hour revolving chapter ring divided into nocturnal and diurnal hours, outer silvered ring with names of 24 cities, signed

Case :

Rose gold case with sapphire crystal display back, signed

With : Rose gold Patek Philippe folding clasp, Certificate of Origin and presentation box Diameter 38 mm 百達翡麗 精美，玫瑰金世界時間自動腕錶，「複雜功能時計」，型號5130R，年份約 2015，附原廠證書及錶盒

HKD 220,000-320,000 USD 28,200-41,000

126

127

128

PATEK PHILIPPE

Perpetual Calendar

2337 PATEK PHILIPPE A VERY FINE WHITE GOLD PERPETUAL CALENDAR AUTOMATIC WRISTWATCH, WITH DATE, DAY, MONTH, DAY/ NIGHT, LEAP YEAR AND MOON PHASES INDICATORS Grand Complications, Ref. 5320G, CIRCA 2018 Movement :

Automatic, cal. 324 S Q, stamped with the PP seal, 29 jewels, signd

Dial :

Ivory dial with luminescent hands and Arabic numerals, subsidiary dial for date combined with moon phases, four apertures for day, month, day/night and leap year indicators, signed

Case :

White gold case with sapphire crystal display back, signed

With : White gold Patek Philippe folding clasp, Certificate of Origin, spare case back and presentation box Diameter 38 mm 百達翡麗 非常精細，白金萬年曆自動腕錶，備日期、星期、月份、日夜、閏年及月相 顯示，「超級複雜功能時計」，型號5320G，年份約2018，附原廠證書、備 用錶背蓋及錶盒

HKD 500,000-650,000 USD 64,100-83,300

Inspired from the masterpieces made from the 1940s and 1950s, Patek Philippe creates reference 5320G, a retro perpetual calendar watch. The ivory-white dial has a light yellowish tone with a refreshing design. The double apertures at 12 o’clock clearly show the weekday and month, which are derived from the model 1526 in 1941 and model 1526 in 1942. Together with the day/night and leap year indicators on two sides, the subsidiary dial for date combined with moon phases at 6 o’clock has displayed various fine and complex functions. The three-dimensional hour indexes and the long-pointed hands based on the Barton style echo with the model 1463 created in 1950s. Both indexes and hands are coated with luminous coating, which allow the user to read the time clearly. The case is made of 18K white gold, and the design of the three-layer lugs is based on the model 2405 in the 1950s. The sapphire crystal display back shows the automatic 324 S Q movement with the Patek Philippe seal. This lot is undoubtedly a collection of elegant watches designed by Patek Philippe over the years. 百達翡麗從上世紀40至50年代中的作品汲取靈感，打造了充滿復古氣息的型號5320G萬年曆腕錶。象牙白色的錶盤附有一抹淡黃色調， 設計令人耳目一新，12時方向的雙視窗設計清晰地顯示了星期和月份，其造型源自於1941年的型號1518及1942年的型號1526，而6時方向 的日期和月相顯示融合在同一個子錶盤上，兩旁還有顯示日夜和閏年的圓形小窗，展示了各種精細而複雜的功能。錶盤上的時標極具立體 感，指針以巴頓式設計為基礎，配以尖長的針尖，呼應了 1950 年代 型號1463 計時碼錶的設計，且刻度及指針均塗有夜光塗層，在黑暗中 仍可清楚讀時。錶殼以18K白金打造而成，三層式錶耳的設計則取材於 1950 年代的 型號2405，藍寶石水晶玻璃底蓋可見手錶搭載的324 S Q自動上弦機芯，附有了品牌的優質印記，為集合了百達翡麗歷年來優秀設計的高雅腕錶。

129

DANIEL ROTH Dual Dials Tourbillon

2338 DANIEL ROTH A SPECIAL AND FINE ROSE GOLD TONNEAU-SHAPED DOUBLE-DIALED TOURBILLON MECHANICAL WRISTWATCH, WITH DATE AND 8-DAY POWER RESERVE INDICATORS Regulateur Tourbillon, Ref. 197.X.40, CIRCA 2004 Movement :

Manual, cal. DR 720, 25 jewels, signed

Dial :

Silvered engine-turned dial with aperture for one-minute tourbillon carriage at 6, signed

Case :

Rose gold tonneau-shaped case with hinged back to reveal the hidden dial with apertures for date and 8-day power reserve indicators, signed

With : Rose gold Daniel Roth pin buckle Measurement 40 × 40 mm 丹尼爾.羅斯 獨特精美，玫瑰金酒桶形雙錶面陀飛輪機械腕錶，備日期顯示及8天動力儲 存，「Regulateur Tourbillon」，型號197.X.40，年份約2004

HKD 140,000-240,000 USD 17,900-30,800

130

131

132

MCT

Limited edition of 3 pieces

2339 MCT AN UNUSUAL AND RARE LIMITED EDITION WHITE GOLD CUSHION-SHAPED JUMPING HOUR MECHANICAL WRISTWATCH Sequential One, Ref. S100, Limited edition of 3 pieces, CIRCA 2016 Movement :

Manual, cal. MCT-S1, 81 jewels, signed

Dial :

Skeletonized dial made of 4 modules composed of 5 triangular prisms each for hours, rotating dial crafted from sapphire for minutes, signed

Case :

White gold cushion-shaped case with sapphire crystal display back, case back secured by 8 screws, signed

With : White gold MCT folding clasp, Certificate of Origin and presentation box Measurement 45 × 45 mm MCT 獨特罕有，限量版白金枕形瞬跳小時機械腕錶，「Sequential One」，型號 S100，限量生產3枚，年份約2016，附原廠證書及錶盒

HKD 120,000-220,000 USD 15,400-28,200

133

AUDEMARS PIGUET Jules Audemars Echappement

2340 AUDEMARS PIGUET A VERY FINE ROSE GOLD CHRONOMETER MECHANICAL WRISTWATCH Jules Audemars, Ref. 26153OR.OO.D088CR.01, CIRCA 2015 Movement :

Manual, cal. 2908, 33 jewels, signed

Dial :

Black dial with subsidiary dial for small seconds, signed

Case :

Rose gold case with sapphire crystal display back, signed

With : Rose gold Audemars Piguet folding clasp, Certificate of Origin and presentation box Diameter 46 mm 愛彼 精緻細膩，玫瑰金航海機械腕錶，「Jules Audemars」，型號26153OR. OO.D088CR.01，年份約2015，附原廠證書及錶盒

HKD 380,000-680,000 USD 48,700-87,200

134

135

136

DE BETHUNE DB28 Maxicrono

2341 DE BETHUNE A SPECIAL AND FINE ROSE GOLD AND ZIRCONIUM CHRONOGRAPH MECHANICAL WRISTWATCH Maxichrono, Ref. DB28MCRZN, CIRCA 2015 Movement :

Manual, cal. DB2030, 51 jewels, signed

Dial :

Silvered dial, signed

Case :

Rose gold case with black zirconium lugs and sapphire crystal display back, case back secured by 8 screws, signed

With : Rose gold and zirconium De Bethune pin buckle and presentation box Diameter 46 mm DE BETHUNE 獨特精緻，玫瑰金及鋯金屬機械計時碼錶，「Maxichrono」，型號 DB28MCRZN，年份約2015，附原廠錶盒

HKD 380,000-600,000 USD 48,700-76,900

137

JAEGER-LECOULTRE

Minute Repeating, Limited edition of 175 pieces

2342 JAEGER-LECOULTRE A VERY FINE LIMITED EDITION ROSE GOLD SKELETONISED MINUTE REPEATING MECHANICAL WRISTWATCH, WITH POWER RESERVE AND BARREL TORQUE INDICATORS Master Minute Repeater, Ref. Q1642450, Limited edition of 175 pieces, CIRCA 2010 Movement :

Manual, cal. 947, 43 jewels, signed

Dial :

Skeletonised dial with two fan-form sectors for power reserve and barrel torque indicators, signed

Case :

Rose gold case with sapphire crystal display back, case back secured by 4 screws, signed

With : Rose gold Jaeger-LeCoultre folding clasp, Certificate of Origin and presentation box Diameter 43 mm 積家 非常精緻，限量版玫瑰金鏤空三問機械腕錶，備動力儲存及扭矩顯示，「超 卓複雜腕錶系列」，型號Q1642450，限量生產175枚，年份約2010，附原 廠證書及錶盒

HKD 500,000-700,000 USD 64,100-89,700

138

139

羅杰．杜彼在2019年舉辦的日內瓦國際汽車展（Geneva International Motor Show）期間，發表Excalibur Huracán系列的新款時計，連續第二年與傳奇汽車專家林寶堅尼以及優質輪胎製造商倍耐力合作，融合機械元 素予腕錶之中。本拍品型號為 DBEX0749，由附有DLC塗層的鈦金屬打造而成，錶面經鏤空處理，是結合高端 科技與從汽車世界獲取靈感的前衛設計風格下所創造出的果敢之作，與其同名的超級跑車同樣具備著高性能、輕 盈度和安全性。此款式所搭載的為RD630自動上弦鏤空機芯，設有12度角傾斜設置的擺輪，是跟林寶堅尼合作 的標誌性機芯結構；受Huracán跑車輪輞啟發而創造出的360度擺陀則體現了疾馳中的超級跑車車輪所散發出 的速度感，腕錶豪邁而帥氣，展露了鐘錶創作的高度可能性，屬受年輕藏家所鐘愛的時尚款式。 During the 2019 Geneva International Motor Show, Roger Dubuis released the Excalibur Huracán series. For the second year in a row, the brand is collaborating with the legendary carmaker Lamborghini and the premium tyre manufacturer Pirelli to incorporate mechanical elements into its timepieces. This model, DBEX0749, made of DLC-coated titanium with a skeletonised dial, is a daring creation that combines high-end technology with an avant-garde design inspired by the world of automobiles, and shares the performance, lightness and safety of its namesake supercar. This model is equipped with the RD630 self-winding skeleton movement with a 12-degree angled balance wheel, a signature movement construction in collaboration with Lamborghini. Inspired by the rims of the Huracán sports car, the 360-degree oscillating weight embodies the speed of the wheels of a speeding super sports car. It is a fashionable model loved by young collectors.

140

ROGER DUBUIS

Roger Dubuis Excalibur Huracán

2343 ROGER DUBUIS AN ATTRACTIVE AND FINE TITANIUM SKELETONISED AUTOMATIC WRISTWATCH Excalibur Huracán, Ref. DBEX0749, CIRCA 2020 Movement :

Automatic, cal. RD630, 29 jewels, signed

Dial :

Skeletonised dial, signed

Case :

Titanium case, case back secured by 4 screws, signed

With : Titanium Roger Dubuis folding clasp, Certificate of Origin and presentation box Diameter 45 mm 羅傑·杜彼 精緻吸引，鈦金屬鏤空自動腕錶，「Excalibur Huracán」，型號 DBEX0749，年份約2020，附原廠證書及錶盒

HKD 260,000-360,000 USD 33,300-46,200

141

142

A. LANGE & SÖHNE

Tourbillon, “Pour le Mérite”

2344 A. LANGE & SÖHNE A VERY FINE ROSE GOLD TOURBIILON MECHANICAL WRISTWATCH, WITH SMALL SECONDS Richard Lange Tourbillon, “Pour le Mérite”, Ref. 760.032, CIRCA 2015 Movement :

Manual, cal. L072.1, 31 jewels, signed

Dial :

Silvered dial with aperture for one-minute tourbillon carriage and small seconds between 7 and 9, signed

Case :

Rose gold case with sapphire crystal display back, case back secured by 8 screws, signed

With : Rose gold A Lange & Söhne foldiong clasp, Certificate of Origin and presentation box Diameter 40 mm 朗格 非常精細，玫瑰金陀飛輪機械腕錶，備小秒針，「Richard Lange Tourbillon」，"Pour le Mérite"，型號760.032，年份約2015， 附原廠證書及錶盒

HKD 700,000-1,500,000 USD 89,700-192,300

143

PATEK PHILIPPE Perpetual Chronograph

2345 PATEK PHILIPPE A MAGNIFICENT ROSE GOLD PERPETUAL CALENDAR SPLIT SECONDS CHRONOGRAPH MECHANICAL BRACELET WATCH, WITH DATE, DAY, MONTH, LEAP YEAR, MOON PHASES AND DAY/ NIGHT INDICATORS, IN SINGLE SEALED CONDITION Grand Complications, Ref. 5204/1R, CIRCA 2020 Movement :

Manual, cal. CHR 29‑535 PS Q, stamped with the PP seal, 34 jewels, signed

Dial :

Black dial with three subsidiary dials for constant seconds, 30-minute register and date combined with moon phases, four apertures for day, month, leap year and day/night indicators, signed

Case :

Rose gold case with sapphire crystal display back, signed

With : Rose gold Patek Philippe bracelet, folding clasp, Certificate of Origin, setting pin, spare case back and presentation box Diameter 40 mm 百達翡麗 精細卓越，玫瑰金萬年曆追針機械鏈帶計時碼錶，備日期、星期、月份、閏年、月 相及晝夜顯示，「超級複雜功能時計」，型號5204/1R，年份約2020，附原廠證 書、調校針、備用錶背蓋及錶盒，單封狀態

HKD 1,800,000-2,800,000 USD 230,800-359,000

The perpetual calendar split seconds chronograph model 5204/1R, launched by Patek Philippe at Basel World in 2017, caught the attention of many lovers of complicated functions and is now available in a variant with an ebony black dial and a rose gold bracelet instead of the previous leather strap.

This model in pink gold, with a 40mm diameter case, is equipped with the Patek Philippe-manufactured CHR 29-535 PS Q hand-wound movement with a power reserve of 65 hours and a new patented technology that makes the timekeeping system even more accurate. The watch's delicate gearing, split seconds chronograph and perpetual calendar are sophisticated and complex, yet the layout of the dial remains clear and easy to read. The double apertures at 12 o'clock indicates the day of the week and the month; at the 6 o'clock position the date and moon phases are integrated; and the seconds hand and the 30-minute register occupy the 9 o'clock and 3 o'clock positions. Finally, the leap year and day/night displays are positioned on either side of the sub-dial at 6 o'clock, in true Patek Philippe style. The combination of a rose gold case and an ebony dial has long been a favourite among high-end Patek Philippe collectors and is a classic model not to be missed.

2017年，百達翡麗在巴塞爾鐘錶展（Basel World) 中所推出的萬年曆雙追針計時碼錶型號5204R，引起了眾多複雜功能愛好者的注意，如今的變化版本 型號5204/1R搭配了烏木黑色錶盤，又把之前的皮革錶帶替換成玫瑰金鏈帶，盡顯雍容華貴的氣息。 此款式以玫瑰金材質打造，錶殼直徑40毫米，搭載了百達翡麗自製的CHR 29-535 PS Q手動上弦機芯，動力儲存長達六十五小時，加上新穎的技術專 利，令計時系統更為準確。這隻腕錶內藏精巧的齒輪組合、雙追針計時碼錶及萬年曆裝置，精密而複雜，然而錶盤上的佈局依舊清晰易讀，讓人一目了 然。十二時方向的雙顯示窗用作顯示星期及月份；六時位置融合了日期與月相顯示；小秒針與三十分鐘跳示計算器則佔據了九時及三時位置，最後閏年跟 晝夜顯示位於六時方向的子錶盤兩旁，極具百達翡麗的設計特色。玫瑰金錶殼和烏木黑錶盤的組合長期以來受到高端百達翡麗收藏家的青睞，絕為不容錯 過的經典款式。

144

145

PATEK PHILIPPE Annual Calendar

2346 PATEK PHILIPPE A FINE AND RARE ROSE GOLD TONNEAU-SHAPED ANNUAL CALENDAR AUTOMATIC WRISTWATCH, WITH DATE, DAY, MONTH, 24-HOUR AND MOON PHASES INDICATORS Complications, Ref. 5135R, CIRCA 2008 Movement :

Automatic, stamped with the Geneva seal, signed

Dial :

Silvered dial with three aperture for date, day and month indicators, subsidiary dial for moon phases combined with 24-hour indicator, signed

Case :

Rose gold tonneau-shaped case with sapphire crystal display back, signed

With : Rose gold Patek Philippe pin buckle, Extract from the Archives and presentation box Measurement 38 × 39.5 mm 百達翡麗 精美罕有，玫瑰金酒桶形年曆自動腕錶，備日期、星期、月份、24 小時及月相顯示，「複雜功能時計」，型號5135R，年份約2008， 附原廠後補證書及錶盒

HKD 220,000-320,000 USD 28,200-41,000

146

PATEK PHILIPPE Annual Calendar Chronograph

2347 PATEK PHILIPPE A FINE PLATINUM AND DIAMOND-SET ANNUAL CALENDAR FLYBACK CHRONOGRAPH AUTOMATIC WRISTWATCH, WITH DATE, DAY, MONTH, DAY/NIGHT AND POWER RESERVE INDICATORS Complications, Ref. 5960P, CIRCA 2007 Movement :

Automatic, cal. CH 28-520, stamped with the Geneva seal, 40 jewels, signed

Dial :

Anthracite dial with concentric subsidiary dial for 30-minute and 12-hour registers combined with day/night indicator, three apertures for date, day and month indicators, power reserver indicator at 12, signed

Case :

Platinum case with a diamond set between the lugs at 6 and sapphire crystal display back, signed

With : Platinum Patek Philippe folding clasp, Certificate of Origin and presentation box Diameter 41 mm 百達翡麗 精細，鉑金鑲鑽石年曆自動飛返計時碼錶，備日期、星期、月份、晝夜及動 力儲存顯示，「複雜功能時計」，型號5960P，年份約2007，附原廠證書及 錶盒

HKD 380,000-500,000 USD 48,700-64,100

147

148

PATEK PHILIPPE Perpetual Chronograph

2348 PATEK PHILIPPE A VERY FINE WHITE GOLD PERPETUAL CALENDAR CHRONOGRAPH MECHANICAL WRISTWATCH, WITH DATE, DAY, MONTH, LEAP YEAR, MOON PHASES AND DAY/NIGHT INDICATORS Grand Complications, Ref. 5270G, CIRCA 2012 Movement :

Manual, cal. CH 29-535 PS Q, stamped with the PP seal, 33 jewels,signed

Dial :

Silvered dial with three subsidiary dials for constant seconds, 30-minute register and date combined with moon phases, four apertures for day, month, leap year and day/night indicators, signed

Case :

White gold case with sapphire crystal display back, signed

With : White gold Patek Philippe folding clasp, Certificate of Origin, setting pin, spare case back and presentation box Diameter 40 mm 百達翡麗 非常精美，白金萬年曆機械計時碼錶，備日期、星期、月份、閏年、月相及晝夜顯 示，「超級複雜功能時計」，型號5270G，年份約2012，附原廠證書、調校針、 備用錶背蓋及錶盒

HKD 720,000-1,000,000 USD 92,300-128,200

Since 1941, the Grande Complications have been added to the Patek Philippe catalogue, making it one of the brand's most important watch collections. In 2011, Patek Philippe developed the CH 29-535 PS Q movement, which supports both the perpetual calendar and chronograph functions, and applied it to this lot, the 5270G perpetual calendar chronograph model. This watch is one of the most coveted models, as it is the first to use a movement entirely designed and manufactured in-house by Patek Philippe, and together with the understated elegance of the white gold case makes it an exceptional piece. In terms of the layout of the silvered dial, this model is a reference to the previous model 1518, with the model 5270G retaining the shape of the three sub-dials: the 30-minute register at 3 o'clock, the date and moon phase at 6 o'clock and the small seconds at 9 o'clock. To further enhance readability, the day/night and leap year displays have been removed from the sub-dials and placed to the left/right of the date and moon phase displays for greater clarity and simplicity. The model 5270G was discontinued a few years ago, marking the end of the era when Patek Philippe relied on other companies to supply its movements, making it a perfect choice for lovers of complicated functions. 自1941年以來，百達翡麗的產品目錄就增加了複雜功能時計這一系列，並且將它作為品牌最為重要的手錶系列之一。2011年，百達翡麗研製 了CH 29-535 PS Q機芯，支援了萬年曆跟計時兩項精密功能，並應用到本拍品型號5270G萬年曆計時碼錶。此腕錶是最引人垂青的款式之 一，皆由它是第一款使用完完全全經百達翡麗內部設計和製造的機芯，配上低調優雅的白金錶殼，成為了別具意義的作品。就銀白色的錶盤的 佈局而言，此款式參考了舊作型號1518的設計，型號5270G保留了三個子錶盤的造型，分別為3時方向的30分鐘計時器、6時方向的日期跟月 相顯示跟9時方向的小秒針。為了進一步提升可讀性，子錶盤的晝夜跟閏年顯示被移除，改為放在日期跟月相顯示的左/右側，更為清晰簡潔。 型號5270G早於數年前已停產，此腕錶標誌著百達翡麗依靠其他公司供應機芯時代的結束，絕為複雜功能愛好者的不二之選。

149

PATEK PHILIPPE Skeletonised Hand-engraving dial

2349 PATEK PHILIPPE AN EXTREMELY ELEGANT AND FINE ROSE GOLD SKELETONISED AUTOMATIC BRACELET WATCH, WITH HAND-ENGRAVED DECORATION Complications, Ref. 5180/1R, CIRCA 2020 Movement :

Automatic, cal. 240 SQU, stamped with the PP seal, 27 jewels, signed

Dial :

Skeletonised dial with hand-engraved decoration, signed

Case :

Rose gold case with sapphire crystal display back, signed

With : Rose gold Patek Philippe bracelet and folding clasp, Certificate of Origin and presentation box Diameter 39 mm, approximate length 175 mm 百達翡麗 華麗細緻，玫瑰金鏤空自動鏈帶腕錶，備人手雕刻裝飾，「複雜功能時 計」，型號5180/1R，年份約2020，附原廠證書及錶盒

HKD 500,000-650,000 USD 64,100-83,300

As a delicate instrument for telling time, the interlocking gears, levers, hairsprings and bars of a watch movement often reveal an infinite amount of mechanical charm. In order to showcase the skill of the watchmakers, the skeleton technique was created and has become one of the rarest crafts in the world of fine watchmaking. Skeletonisation was already used on pocket watch movements more than 200 years ago, but due to the immaturity of metal smelting and cutting techniques at the time, and the time-consuming nature of the production process, the number of skeletonised pocket watches produced was very few. With the advent of new technology, Patek Philippe, as the inheritor of a rare craft, has taken the skeleton technique to its fullest potential.

In 2017, on the occasion of the 40th anniversary of the 240 ultra-thin self-winding movement, Patek Philippe launched this magnificent model, the 5180/1R, a skeleton watch. The mainplate, bridges and case back are skeletonised and satin-brushed, the movement is engraved with a magnificent vine motif, and together with the Calatrava Cross mainspring on the front and the pearl tourbillon on the back, it is a masterpiece of art that Patek Philippe has put its heart and soul into making. As it was never easy to make, this model is a luxury piece that must not be missed by watch collectors. 手錶作為訴說時間的精細儀器，機芯內相連交錯的齒輪、槓桿、游絲和發條等零件往往流露著無限的機械魅力，為了展現製錶工匠的嫻熟技藝，鏤空技術 應運而生，成為了頂級手錶的珍稀工藝之一。早於二百多年前，鏤空技術已應用於懷錶的機芯上，惜受制於當時金屬冶煉及切割技術仍未成熟，製作工序 又過於繁複耗時，故鏤空懷錶的產量少之又少。隨著科技日益進步，百達翡麗作為稀有工藝的傳承者，把鏤空技術發揮得淋漓盡致。 2017年，適逢240超薄自動上弦機芯誕生40週年，百達翡麗推出了此款華麗極致的型號5180/1R細工鏤空腕錶。經一番金雕玉啄後，手錶上的機芯夾板、 夾板承軸及底板不但被鏤空得剔透玲瓏，整枚機芯更刻有富麗堂皇的藤蔓花紋，正面的南十字星主發條極具品牌特色，背後的珍珠陀則若隱若現，可謂百 達翡麗傾注心血去製作的藝術傑作。由於製作過程毫不容易，產量相當稀少，此款式必定是鐘錶藏家不容錯過的奢華臻品。

150

151

152

PATEK PHILIPPE 175th Anniversary World Time

THE PICTURE SHOWN IS FROM PREVIOUS AUCTION ITEM 此圖片為以往拍品參考圖

2014年，百達翡麗推出限量版世界時間月相腕錶以慶祝品牌創立 175周年。該

2350

錶融合了深受收藏家青睞的世界時間系列的傳統元 素，並且獨具創新地新增了

PATEK PHILIPPE

超大月相顯示功能，圖案真實而細緻，格外與眾不同。在此之前，百達翡麗從

A VERY FINE AND RARE LIMITED EDITION WHITE GOLD WORLD TIME AUTOMATIC WRISTWATCH, WITH MOON PHASES INDICATOR, MADE TO COMMEMORATE 175TH ANNIVERSARY OF PATEK PHILIPPE, IN DOUBLE SEALED CONDITION

未在任何一款時計中採用如此寫實、卓越的設計，展示了月相的圓缺盈虧。此 腕錶還採用了酷似南十字星座白金時針，充滿想像力地將航海中最重要的三種 天體：地球、月球和星宿聯繫在一起，透露著百達翡麗工匠的奇思妙想。為向 百達翡麗輝煌的製錶歷史致敬，型號5575G-001以日內瓦 (GENEVA) 取代 巴黎 (PARIS)，作為歐洲中部時區的代表城市。至此，這款紀念腕錶，將代表 著傳統與創新的兩大複雜功能真正合二為一，型號 5575G-001限量製作1300 枚，為彌足珍貴的收藏款式。

Complications, Ref. 5575G-001, Limited edition of 1300 pieces, CIRCA 2015 Movement :

Automatic, cal. 240 HU LU, stamped with the PP seal, 35 jewels, signed

Dial :

Black dial with mother-of-pearl moon phases indicator displayed in the centerfield, 24 hours revolving chapter ring for nocturnal and diurnal hours, outer black revolving ring with 24 world cities, signed

Case :

White gold case with case back engraved with “PATEK PHILIPPE GENEVE 175 Anniversaries 1839 – 2014”, signed

In 2014, Patek Philippe celebrated its 175th anniversary with the launch of a limited-edition world time moon phase watch. It combines the traditional elements of the world time collection, which has become so popular with collectors, with the innovative addition of an extra-large moon phases display with a realistic and detailed motif that makes it stand out from the crowd. Never before has Patek Philippe used such a realistic and exceptional design in a timepiece to demonstrate the moon's phases. The watch also features the white gold hand that resemble the Southern Cross, imaginatively linking the three most important celestial bodies in navigation: the Earth, the Moon and the constellations, revealing the imagination of Patek Philippe's craftsmen.

The 5575G-001 pays tribute to Patek Philippe's illustrious history by replacing Paris with Geneva as the city that represents the central European time zone. The Reference 5575G-001 is produced in a limited

With : White gold Patek Philippe folding clasp, Certificate of Origin and presentation box Diameter 40 mm 百達翡麗 非常精美罕見，限量版白金世界時間自動腕錶，備月相顯示，為慶祝品牌 175週年而製，「複雜功能時計」，型號5575G-001，限量生產1300枚， 年份約2015，附原廠證書及錶盒，雙封狀態

HKD 850,000-1,000,000 USD 109,000-128,200

edition of 1,300 pieces, making it an invaluable collector's item.

153

154

PATEK PHILIPPE

6002 Perpetual Tourbillon Minute Repeating 人稱錶王之王 - 百達翡麗型號6002是型號5002的完美升級版。它重新定義了鐘錶業超級複雜功能的概念，顛覆人 們對時計藝術的新認知。是雕刻師、琺瑯師和製錶師完美結合的“腕間藝術品”。 百達翡麗以極具辨識度的Calatrava十字星作為創作靈感，工匠精心地於錶圈、錶殼、錶冠、三問報時滑桿與錶耳 等處上刻有獨一無二的紋路。雕刻師利用一塊巨大的白金材料，不僅製作淺浮雕，更以人手方式把錶殼上的狹小空 間內刻有華麗的花草紋，耗費了過百的時間及精巧的刀工，講求工匠的手心合一，才能獲得極富鐘錶製作經驗的百 達翡麗總裁泰瑞·斯登 (Thierry Stern) 先生的認可。精細的浮雕錶殼立體生動，配合瑰麗的蔓草花紋，充分顯示了 百達翡麗所傳承的日內瓦七大工藝傳統。 另外，6002G的錶盤採用了掐絲琺瑯和內填式琺瑯的高級工藝，其燒製工序複雜，需要利用不同溫度反覆燒製而 成，金絲下的泛白花紋若隱若現，只有經過多年燒製訓練的大師才能有如此傑作。錶背上的設計同樣精彩，在藍寶 石水晶錶鏡下，旋動著華麗的炫黑色北半球星空圖，圖案優雅而低調，彌漫著滿滿的神秘感。 此款式採用了與型號5002相同的機芯R TO 27 QR SID LU CL，支援了三問、陀飛輪、萬年曆、天文月相能等12 項複雜功能，是現時世界上極為複雜的機械腕錶之一。機芯由705個零件組成，厚度僅為12.61mm，並以3 Hz的頻 率振盪，因此可以長達48小時的動力儲存，陀飛輪則隱藏於錶盤之下，保持了腕錶走時精準，其機芯速度每天的波 動不超過-2到+1秒，附有百達翡麗的優質印記，發揮了瑞士頂級製錶工藝的極致。 型號6002G製造過程中每一步的精益求精以及嚴謹苛求，正是這樣的匠人精神，奠定並打造了此錶在鐘錶界，無可 震撼的王者地位。本拍品為罕見的黑色錶面，現已停產。腕錶處於原廠單封狀態，能在拍賣會上遇見，更是藏家們 難能可貴的收藏機遇。

The Philippe Sky Moon Tourbillon 6002 is the most complicated watch ever produced by Patek Philippe and is the perfect upgraded version of 5002. It redefines the concept of the most complicated watch in haute horlogerie and introduces a new perception to artistry of timepieces. It is a wrist watch artwork which is a perfect combination of the works of engravers, specialised champlevé enameller and watch craftsmen.

Patek Philippe takes the highly recognizable Calatrava Cross as inspiration. The craftsmen meticulously engrave unique patterns on the bezel, case, crown, minute repeating slider and lugs. It is completely hand-crafted from a large white gold and takes hundreds of hours and delicate hands of craftsmen to complete the masterpiece with gorgeous relief patterns and obtain the recognition of Mr. Thierry Stern, the president of Patek Philippe, who has extremely rich experience in watchmaking. The exquisite relief case is three-dimensional and vivid, with the magnificent appearance, which fully demonstrates the seven Geneva craft traditions inherited by Patek Philippe.

The dial of 6002G contains Cloisonné Enamel and Champlevé Enamel and takes complicated procedures and different temperatures for the firing and enameling processes, and this can only be accomplished by specialised champlevé enameller. The design on the back of the watch is also amazing.

Through the sapphire crystal glass on the case back, one can see the stunning star chart of the northern hemisphere rotating elegantly above the black dial.

The model uses the same movement R TO 27 QR SID LU CL as the model 5002, and supports 12 complex functions such as minute repeaters, tourbillon, perpetual calendar, astronomical and moon phases indications etc. It is one of the most complex mechanical watches in the world. The movement is composed of 705 parts, while the thickness is only 12.61mm, and it oscillates at a frequency of 3 Hz, which allows the watch to have a power reserve of up to 48 hours. The tourbillon is hidden under the dial to keep the timepiece accurate. The movement’s speed does not fluctuate more than -2 to +1 seconds per day, and it is accompanied by Patek Philippe’s high-quality hallmark, which shows the ultimate in Swiss top watchmaking craftsmanship.

The manufacturing of 6002G was strictly conformed to the usual high standards of Patek Philippe and this spirit has built its global reputation as one of the strictest benchmarks in the watchmaking industry. This lot is in a rare blue dial, in a limited edition of only 5 pieces, which has been discontinued. It is rarely sold in a single lot and is a rare opportunity to acquire this lot in auction.

155

156

157

158

PATEK PHILIPPE

6002 Perpetual Tourbillon Minute Repeating

2351 PATEK PHILIPPE AN EXTREMELY EXCEPTIONAL, ATTRACTIVE AND RARE WHITE GOLD DOUBLE DIALED ASTRONOMICAL MECHANICAL WRISTWATCH, WITH ENAMEL, UNIQUE HAND-ENGRAVING AND TWELVE COMPLICATIONS INCLUDING MINUTE REPEATING ON CATHEDRAL GONGS, TOURBILLON, PERPETUAL CALENDAR, RETROGRADE DATE, SKY CHART, MOON PHASES, ORBIT DISPLAY AND SIDEREAL TIME, IN SINGLE SEALED CONDITION Grand Complications, Ref. 6002G, CIRCA 2019 Movement :

Manual, cal. RTO 27 QR SID LU CL, stamped with the PP seal, 55 jewels, signed

Dial :

Front: Black dial with cloisonné and champlevé enamel motif, four apertures for day, leap year, month and moon phases indicators, fan-formed sector for retrograde date, signed Reverse: Sapphire crystal glass with silvered 24-hour Arabic numerals for sidereal time, celestial chart disc with passage of Sirius, lunar orbit with moon phases aperture, white lacquered gold feuille hour and minute hands

Case :

White gold case with bezels, bands, lugs and minute repeating slide finely hand-engraved with elegant volutes, winding crowns at 2 to set the time and 4 to set the celestial chart and moon phases, signed

With : White gold hand-engraved Patek Philippe folding clasp, Certificate of Origin, setting pin, a pair of white gold hand-engraved cufflinks and presentation box Diameter 44 mm 百達翡麗 卓爾不凡、瑰麗罕有，白金雙錶盤天文機械腕錶，備琺瑯及手工雕飾工藝，及十二項複雜功能：包括大教堂音簧 三問報時、陀飛輪、萬年曆、逆返日曆、星空圖、月相、星體軌跡、恆星時顯示，「超級複雜功能時計」，型號 6002G，年份約2019，附原廠證書、調校針、白金手工雕刻袖扣一對及錶盒，單封狀態

Estimate upon request

估價待詢

159

160

161

WATCHES INDEX

162

A. Lange & Söhne

2344

Audemars Piguet

2229, 2230, 2233, 2303, 2340

Blancpain

2211

Breguet

2251, 2301, 2317

Cartier

2206, 2208, 2222, 2224, 2263, 2264, 2270, 2281, 2300, 2310, 2313, 2315, 2318

Chaumet

2231

Chopard

2220, 2225, 2226, 2228, 2266, 2267, 2269, 2297, 2304

Corum

2261

CVSTOS

2245

Daniel Roth

2338

De Beers

2295

De Bethune

2332, 2341

Delaneau

2279

DeWitt

2302

Franck Muller

2287, 2307, 2312

Gerald Genta

2274, 2298

Girard-Perregaux

2309

Hermes

2305

HYT

2320, 2321

Imhof

2203

IWC

2249, 2284, 2285, 2286

Jacob & Co.

2296

Jaeger-LeCoultre

2201, 2204, 2205, 2212, 2236, 2237, 2239, 2260, 2278, 2308, 2316, 2342

Linde Werdlin

2244, 2331

MB & F

2333

MCT

2339

Memorigin

2314

Omega

2221, 2311

Panerai

2209, 2210, 2334

Patek Philippe

2238, 2240, 2241, 2262, 2265, 2288, 2290, 2291, 2292, 2293, 2294, 2335, 2336, 2337, 2345, 2346, 2347, 2348, 2349, 2350, 2351

Piaget

2232, 2271, 2275, 2276, 2282, 2289

Ressence

2319

Reuge

2272, 2277

Richard Mille

2234, 2235

Roger Dubuis

2268, 2330, 2343

Rolex

2213, 2214, 2215, 2216, 2217, 2218, 2219, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329

Ulysse Nardin

2248, 2283, 2306

Unsigned

2223

Urwerk

2246, 2247

Vacheron Constantin

2227, 2242, 2243, 2250, 2280, 2299

Wempe Hamburg

2202

Zenith

2207, 2273

163

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ELECTRICAL APPLIANCES AND MECHANICAL MERCHANDISES All electrical appliances and mechanical merchandises are sold on an“as is”basis, and should not be assumed that they operate. Before putting into any use, electrical appliances must be inspected and approved by qualified electric technicians.

珠寶 、鐘錶及手袋尚品 ØÙ øÚ [ n X ýþÅÝàÍ ëì¼íî &%½Û vÒ ÜÙÝ ½ÛvÒ cMÞ¼ ß àá¿ ¶âØÙã®ä嶷 cÍ= ¶â ´ÙÝÛÛ¸·!Û ¸| ÷ d ØÙ

. ~[ Å ÃÛ ¹æ¸ç ­0 Å è =ØÙ ·! Û ézoè ê | ¹¸ efXÐu £ ¤¥¦ 5Ù ÂÄÅÆ ÇÅÈ ÉÀÊË ÊÌÃÍ ¹£¤ ÎÏÐÑ ÒÓ c ¡@ëTÛ Y5Ðì í 14 îïÐð ¡u £¤¥Y ñ òó Ù Ý ôõ ö÷4U½¶ øä ÅÈÉÀÊ Ë ÊÌÃÍ ¹£¤ ÎÏÐÑ ÒÓ : ¸ ùú .^ ê u £¤ ¥¦û Ö :Ãü / +@¯* ýþÅÝàÍ ¼ ÅýÐþ ÿ Ê'9ABC ~Õ } Ç µÅ|{ º&Òø [= \]¼ ÿÐu~ Å Ãùú Ïм^_ç¼î [`= ( ºâú@ ) ?dç >=<Ðu9 øµ £¤¥ ½¶Ã; ùú 4Uä : /.¿Ôy= -À § , Ü +01_` .*7 )( : Ü'¼& ܼ% ¼_¾¿°= ê§$#" ^= ³- ÜïÐ¥i ÜÝÒ¥Ã01 01 û` ( ºâ $¼ ¼!0¤.¼­1[2¿ ) ¸Ð 34 z .³¯*ç Ç ÅÉÀà 01 9 ÜïÐ¥i ÜÝҥà ¹ 34 z: Å-¸ 56¹vÅ ­0 7ì¡@ ³û ÔÕXÎ Ê @¯* µÅ Ý8bDû ÖÛ ~Õ9 ~ó Ç £¤¥¦ 5Ù Âà 01ÅAÅÈÉÀÊË ÊÌÃ Í ¹£¤ ÎÏÐÑ ÒÓ :¸uÌ ·BC Dc×E¼ ¼ ÿ¼ ¿.FX GHIÛ ùú J K {2 ¼ ½¼7ÐïK¼¼Lz ¼ ÃM Ý N OPXT = .^ × dâ uÌ 9ABC Õà ÅÎ01Qþ 9 ÔÕ ´ Æ 01uÌ .|R ÔÕ ST XþO:ÔÕ JT9AB C Õ 01 Ü?UVWÅ°UV $ #_`X ùú ¾ 1 ¾c­—ùú cR­ þ àZ Èa7Ð ×ÏÐbÚ 1.5 ¾cd—ùú cefàZ µg f©Vhij ã þ Èa7Ð ×ÏÐbÚ 2 ¾ Ú —ùú ef µg efj Èa7Ð ×ÏÐbÚ 2.5 ¾ —ùú þ µg þ kl jê Èa7Ð ×ÏÐbÚ 3 ¾ —ùú Úþ µ þ íî ¨© ¾ د* ¾ m ¾ 1 c­ noÅý þ 01 ¡ 1.5 p­ qr&Çþ ã stß u ÇefàZ 2 v =v ¾ §&·þwx ¥r: R ­ ef

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JEWELRY, WATCHES AND HANDBAGS Description of the conditions of Jewelry Lot(s) usually contained in the catalog, however, absence of a description does not imply that the Lot(s) is free from defects or imperfection or beautification process.

Beautification processes of colored gemstones such as heat enhancement, oiling or irradiation etc, have been generally accepted by the international jewelry markets.

If Poly Auction (Hong Kong) has obtained gemological reports from internationally recognized gemological laboratories for the Lot(s), all known important facts and conditions of the Lot(s) have contained in the catalog, our company assumes no responsibility for accuracy of the reports. It may not be feasible for Poly Auction (Hong Kong) to obtain laboratory report for all Lot(s), the estimates are based on all known information at the moment. Bidders must inspect conditions of the Lot(s) by themselves before the auction, any dissent about conditions of the Lot(s) after the bid shall not justify rescission or cancellation of a sale or any delay payment.

If bidders request designated laboratory report for any Lot(s), such request should be raised out 14 workings days before the auction and at own cost. Bidders should also aware that Lot(s) containing jadeite or gemstones originating from Burma may not allowed to be imported into the U.S., this will not constitute a ground for rescission or cancellation of a sale or any delay payment.

Lot(s) of clocks and watches in the catalog will be sold at current status (i.e. as is), bidders should personally inspect conditions of the Lot(s) before the auction. Descriptions of the Lot(s) in catalog are for reference only, absence of a description does not imply that the Lot(s) is in good condition, free from defects or restorations. Descriptions only reflect subjective opinions of experts of Poly Auction (Hong Kong), it is not a statement of facts, nor a complete record of all repairs, component replacements or restorations. Poly Auction (Hong Kong) makes no guarantee on operation, water-resistance, authenticity and originality of individual parts (including watchstrap) of the Lot(s). In addition, bidders should aware the import restrictions of the U.S. concerning luxury watches.

Where the tone, color, graduation shape or any other feature of the Lot shown in the catalogue and/or any other illustrations, images and public materials differ from those of the original Lot due to printing, photography or other technical reasons, the original Lot shall take precedence. Any introduction and appraisal of any Lot made by the Company and its employees or its agents in any way (including the certificate, catalogue, slideshow and news media) are only opinions for reference and do not constitute any guarantee for the Lot. The Company and its employees or its agents shall undertake no liability for any inaccuracy or omission in the aforesaid introduction or appraisal.

Condition reports and grade are provided free of charge as a convenience to our buyers and are for guidance only. They are not an alternative for examining a lot in person or taking your own professional advice from Specialists. Bidders must inspect conditions of the lot(s) by themselves before the auction. Any dissent about conditions of the lot(s) after the bid shall not justify rescission or cancellation of a sale or any delay in payment. The condition of lots sold in our auctions can vary widely due to factors such as age, previous damage,

restoration, repair and wear tear. The grading of watches is based on the general condition, quality, technical and historical interest, age and rarity of each timepiece. Lots are sold “as is,” in the condition they are in at the time of the sale, without any representation or warranty as to condition by Poly Auction (Hong Kong) or by the seller. The buyers acknowledge and agree that any sale is entirely the buyers’ decision, and the buyers have not relied upon any representation or other information (whether oral or written) by Poly Auction (Hong Kong) or by the seller.

Condition Grades of Watches Grading 1: As new. The timepiece appears with neither signs of use nor ownership over time. The movement is in working order when cataloguing.

Grading 1.5: In excellent condition. The timepiece appears with extremely slight signs of ownership over time. It may exhibit very slight hairline scratches on the case but no obvious signs of use. The movement is in working order when cataloguing.

Grading 2: In very good condition. The timepiece appears with slight signs of use over time. It may exhibit slight scratches on the case. The movement is in working order when cataloguing.

Grading 2.5: In good condition. The timepiece appears with obvious signs of use and scratches on the case. The movement is in working order when cataloguing.

Grading 3: In fair condition. The timepiece appears with very obvious signs of use and scratches/defects.

Maintenance may be required.

For more details, please refer to the Condition Report for each lot.

Condition Grades of Handbags Grading 1: As new. Appears never to have been used. It exhibits no signs of wear.

Grading 1.5: In mint condition; virtually new and unused with very minor signs of ownership over time.

Grading 2: In pristine condition. To the untrained eye, it may appear brand new. There may be a slight condition note, but overall the piece is in excellent condition.

Grading 3: In excellent condition. This is a piece that has seldom been used and shows little to no wear. There may be small condition issues to note overall the piece is in excellent condition.

Grading 4: In very good condition. This piece may show signs of light wear. It is in very good condition but the corners may show signs of light scuffing, the base may show light scratches, and the hardware may exhibit light marks.

Grading 5: In good condition. This piece shows significant wear. There are condition issues that will be noted in the condition report.

Grading 6: In fair condition. This piece shows significant w e a r a n d / o r d a m a g e . I t m ay re q u i re re p a i r o r refurbishment in order to be used. Condition issues will be noted in the condition report.

酒類及茶葉

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Ç ÅÈÉÀÊË ÊÌÃÍ ¹£¤ ÎÏÐ Ñ ÒÓ ÔÕ¡Ö×ØÙÚÛÖ ÔÕ ( ÜÝÒ¥ ) Þß ±à ¶· ¹ ½á ºâãÅ ä Ö º»å¼æç¼è á¼ é ¿ê§ ëì íî ïðñò

ALCOHOL AND TEA The descriptions about the auction of alcohol and tea are being stated in the catalogue. Our company reminds bidders to learn more about the auctioned products before bidding. Bidder's participation in bidding at auction is deemed as the bidder's approval and acceptance of the package, quality and status of the auctioned items. Any different opinion formed by the bidders after successful bidding, will not constitute a valid reason to withdraw or cancel the bid and delay payment for the auctioned item. Buyers should cautiously inspect the auctioned item during collection.

Upon acknowledging receipt of the auctioned item by the buyer (or his agent), the buyer confirms that he or she has accepted the state and quality including but not limited to any defect or flaw on, e.g. the packaging, labels, level of wear and tear, cork, etc., of the auctioned items without any objection.

語言文本 óôõö¼÷ ø ¼ù ú ûü¹ýþ¼ £¤ÿ~}|¼{ôÐÑø| [ ¼Ó \ ] ®^ø _`¡@¹¸ Ü?>Ѽ >=¼ø|¼à<¿;=^ : ¹/ .^:;; ³- ,;; +@¯*

LANGUAGE The Chinese version of the Conditions of Business, Important Notice, Explanation of Cataloguing Practice, Important Notice about Bidding Registration, Important Notice about Payment, and all other documents such as the terms, conditions, notices, forms etc. contained in this catalogue, announced by the auctioneer or provided at the saleroom as well as the descriptions of the Properties in this catalogue of our company shall be binding and the English version is for reference only.

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COPYRIGHT ﬔe copyright of this catalogue belongs to our company.

Without the written permission of our company, no parts of this catalogue shall be reproduced in any ways or used in any other ways.

解釋權 óôõö¼÷ ø ¼ù ú ûü¹ýþ¼ £¤ÿ~}|¼{ôÐÑ}| [ ¼Ó \ ] ®^ø _`¡@¹¸ Ü?>Ѽ >=¼ø|¼à<¿;= «8(.Ó 5 RIGHT OF INTERPRETATION ﬔe right of interpretation in respect of the Conditions of Business, Important Notice, Explanation of Cataloguing Practice, Important Notice about Bidding Registration, Impor tant Notice about Payment, and all other documents such as the terms, conditions, notices, forms etc. contained in this catalogue, announced by the auctioneer or provided at the sales room, shall be exercised by our company.

ù ú ûü¹ýþ EXPLANATION OF CATALOGUING PRACTICE

保利香港拍賣在受委託拍賣品中的權益

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POLY AUCTION (HONG KONG) INTEREST, IN PROPERTY CONSIGNED FOR AUCTION From time to time, Poly Auction (Hong Kong) may offer a lot which it owns in whole or in part. Such property is identified in the catalogue with the symbol Δ next to the lot number.

On occasion, Poly Auction (Hong Kong) has a direct financial interest in lots consigned for sale which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property.

Such property is identified in the catalogue by the symbol □ next to the lot number. ﬔis symbol will be used both in cases where Poly Auction (Hong Kong) holds the financial interest on its own, and in cases where Poly Auction (Hong Kong) hasfinanced all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful. ﬔe financing offered by a third party may be in the form of an irrevocable bid provided by that third party. Where Poly Auction (Hong Kong) has an ownership or financial interest in every lot in the catalogue, Poly Auction (Hong Kong) will not designate each lot with a symbol, but will state its interest at the front of the catalogue.

所有量度皆為約數及狀況報告

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ALL MEASUREMENTS ARE APPROXIMATES AND CONDITION REPORTS ﬔe condition of lots sold in our auctions can vary widely due to factors such as age, previous damage, restoration, repair and wear tear. Condition reports and grades are provided free of charge as convenience to our buyers and are for guidance only. ﬔey offer our honest opinion but they may not refer to all faults, restoration, alteration or adaptation. ﬔey are not an alternative to examinming a lot in person or taking your own professional advice. Lots are sold "as is," in the condition they are in at the time of the sale, without any representation or warranty as to condition by Poly Auction (Hong Kong) or by the seller.

For more details, please refer to the Condition Report for each lot.

本目錄採用之貨幣兌換率

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CATALOGUE EXCHANGE RATE HK$7.8 = US$1 ﬔe rate of exchange was established at the latest practical date prior to the printing of the catalogue and may therefore have changed by the time of the sale. Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive. ﬔey are subject to revision.

目錄編列方法之說明 有關相片 、圖畫 、印刷品及微型書畫之規定

D ù : ^D Ø ù : Ð" g ¸ Qþ. © ¹óôõö ä9\ >ÑXÐu ÔÕ¦û Ö²ü º 9ABC ¡@$# ù µþKyÕ ¹+* ´ *E¹Ð 9ABC ð>=½´³ ' ÍKyչР'&´³ _ ¹Ð % ë^9ABC Óe<¹ Ç´³ pÐ R2 2 g KyÕ¹$Ð '&_ ¹$Ð#% &_ ¹ïÐ#% ë^9ABC Óe<¹ Ç´³ pÐ §pKy Õ¹$Ð# ïÐ#|À §?"!D|À '&_ ×t% ë^9ABC Óe<¹ Ç´³ pÐ ' pK yÕ î×t¹$Ð µï¹`uÍKyÕ¹$ÐA < '&BC _ A<% ë^9ABC Óe<¹ Ç´³ pÐ pK yÕ¹A< ã&Ò ÍKyÕDùР'& _ $Ð ü% ë^9ABC Óe<¹ Ç´³ pÐ pK yÕ¹A< ã GÂ×t|À '&_ 67 % ë^9ABC Óe<¹ Ç´³ pÐ pKy ÕÐ ¹67 ( 01 t ) '&Þ* _%¼& t _%¼&EF _% ë^9ABC Óe<¹ Ç´³ pÐ ÓpKy ÕÞ*,F t,E '&L _ Þ*%¼&L _ ¹E % ë^9ABC Óe<¹ Ç´³pÞ*,E ¦Å pKyÕ¸³ '&L _ t% ë^9ABC Óe<¹ Ç´³ µ Í t| À ' ù ú ûü¹ýþ:ø ÜT ³ÃÐ" gXz¹ õäýþ Gn ¹ o ÙÚ HI Ýà~Õ¹ Ç 9ABC ¥ ù ø ܸ/ ¹ ÜÐ" g¹?¸ Jç µÅ ¶·01A ¼ ô ­0 X ä9\>Ñ ºÅì ^ø ¸/

EXPLANATION OF CATALOGUING PRACTICE For Pictures, Drawings, Prints and Miniatures Terms used in this catalogue have the meanings ascribed to them below. Please note that all statements in this catalogue as to authorship are made subject to the provisions of the Conditions of Business and Limited Warranty.

Buyers are advised to inspect the property themselves.

Written condition reports are usually available on request. * Name(s) or Recognised Designation of an Artist without any Qualification In Poly Auction (Hong Kong)'s opinion a work by the artist. * “Attributed to ...”

In Poly Auction (Hong Kong)'s qualified opinion probably a work by the artist in whole or in part. * “Studio of ...”/ “Workshop of ...”

In Poly Auction (Hong Kong)'s qualified opinion a work executed in the studio or workshop of the artist, possibly under his supervision. * “Circle of ...”

In Poly Auction (Hong Kong)'s qualified opinion a work of the period of the artist and showing his influence. * “Follower of ...”

In Poly Auction (Hong Kong)'s qualified opinion a work executed in the artist's style but not necessarily by a pupil. * “Manner of ...”

In Poly Auction (Hong Kong)'s qualified opinion a work executed in the artist's style but of a later date. * “After ...”

In Poly Auction (Hong Kong) 's qualified opinion a copy (of any date) of a work of theartist. * “Signed ...”/“Dated ...”/“Inscribed ...”

In Poly Auction (Hong Kong) 's qualified opinion the work has been signed/dated/inscribed by the artist. * “With signature ...”/ “With inscription...”/ In Poly Auction (Hong Kong) 's qualified opinion the signature/inscription appears to be by a hand other than that of the artist. * “With date ...”

In Poly Auction (Hong Kong)'s qualified opinion the date on the item was not executed on that date. * ﬔis term and its definition in this Explanation of Cataloguing Practice are a qualified statement as to authorship.

While the use of this term is based upon careful study and represents the opinion of specialists, Poly Auction (Hong Kong) and the consignor assume no risk, liability and responsibility for the authenticity of authorship of any lot in this catalogue described by this term, and the Limited Warranty shall not be available with respect to lots described using this term.

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第一章 總則 第一條

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第二條 定義及釋義

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第三條 適用範圍

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第四條 特別提示

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第二章 關於賣家 第五條 委託程序

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第六條 賣家之代理人

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第七條 賣家之保證

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第八條 保留價

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第九條 本公司的決定權

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第十條 未上拍拍賣品

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第十一條 拍賣中止

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第十二條 賣家撤回拍賣品

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第四章 其他

第七十條 語言文本

第六十二條 資料採集 、錄影

第六十七條 通知

第六十八條 可分割性

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第六十三條 保密責任

第七十三條 解釋權

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第七十二條 適用時期

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CONDITION OF BUSINESS

Unless otherwise stated, Poly Auction (Hong Kong) Limited acts as the Seller's agent. ﬔe closing agreement for sale of a Lot shall be a contract between the Seller and the Buyer. ﬔese Conditions of Business and all other terms, conditions and notices contained in the catalogue, announced by the Auctioneer or provided at the saleroom shall constitute the provisions agreed among the Seller, the Buyer and/or Poly Auction (Hong Kong) Limited as auction agent.

queries or authentication related to the Lot at the request of the Buyer or any additional costs and legal expenses to bring claims against a defaulting Buyer; (14)“Reserve” means the confidential minimum selling price for the Lot that the Seller has confirmed with the Company; (15)“Estimate” means the estimated selling price of a Lot written in the catalogue or other descriptive materials, excluding the Buyer's Commission; (16)“Storage Fee” means the storage fee payable by the Buyer to the Company according to these Conditions of Business.

In these Conditions of Business, where the context requires, words denoting the singular shall include the plural and vice versa.

ARTICLE 2 DEFINITIONS AND INTERPRETATION

ARTICLE 3 SCOPE OF APPLICATION

In these Conditions of Business, the following terms shall have the meanings set forth below: (1)“Company” means Poly Auction (Hong Kong) Limited; (2)“Seller” means any natural person, legal person or other organization that consigns a Lot(s) within the scope of these Conditions of Business to the Company for auction. In these Conditions of Business, a Seller shall include any of its agents unless as otherwise specified herein or required in a particular context; (3)“Bidder” means any person, company, body corporate or other organization who or which considers, carries out or attempts to bid in anyway. In these Conditions of Business, a Bidder shall include any of its agents unless as otherwise specified herein or required in a particular context; (4)“Buyer” means the Bidder whose bid or offer for a Lot is recognized by an Auctioneer as the highest bid for that Lot in an auction held by the Company, including the principal on behalf of which such Bidder acts; (5)“Buyer's Commission” means any commission that a Buyer shall pay to the Company calculated at the rate specified herein of the Hammer Price for the Lot that such Buyer purchases; (6)“Lot” means any item consigned by a Seller to the Company for auction and so auctioned in any auction, in particular, any item numbered in any catalogue with certain description; (7)“Auction Date” means the date on which an auction is formally held, as announced by the Company in its public notice. In case of any discrepancy between the actual date and the announced date of an auction, the actual date shall prevail; (8)“Sale Date” means, in an auction held by the Company, the date on which the auctioneer concludes a contract for sale between a Seller and a Buyer by way of hammer striking or any other customary manner publicly confirming the sale; (9)“Auctioneer” means any person designated by the Company to moderate a particular auction; (10)“Hammer Price” means the price for a Lot at which the Auctioneer decides to sell the Lot by striking the hammer or the agreed sale price in the post-auction sale; (11)“Proceeds of Sale” means the net amount due to the Seller, being the Hammer Price less the Buyer's Commission, all expenses and other amounts payable to the Company by the Seller; (12)“Purchase Price” means the total amount payable by the Buyer for his/her/its purchase for each Lot, including the Hammer Price, the Buyer's Commission, other Buyer's Expenses and all Buyer's Expenses arising from its failure to perform its obligations; (13)“Buyer's Expenses” means costs and expenses in relation to sale of the Lot by the Company, including but not limited to insurance policies, packing, moving, storage, custody for the Lot, any expenses of testing, investigation,

All parties participating in any auctions organized by the Company, including the Seller, the Bidder, the Buyer and all other related parties (including but not limited to the agents of the Seller, the Bidder and the Buyer) shall be deemed to accept in full and bound by these Conditions of Business, and shall comply with them in such auctions, enjoy the rights and perform the obligations provided herein.

Any Bidder who bids in an auction organized by the Company, whether in person or by authorizing an agent to bid on his/ her/its behalf, whether by raising the paddle, by absentee bids, by phone or by any other means, shall be deemed to have accepted these Conditions of Business in full.

Any dispute among the parties to auctions organized by the Company shall be settled in accordance with these Conditions of Business.

CHAPTER I GENERAL RULES ARTICLE 1 POLY AUCTION (HONG KONG) LIMITED AS AGENT

ARTICLE 4 SPECIAL NOTICE Bidders and Buyers participating in any auctions organized by the Company shall carefully read and be abided by these Conditions of Business; Bidders and Buyers shall read the provisions limiting the Company's liabilities and disclaimers contained in these Conditions of Business carefully. Bidders and/or their agents have the responsibilities to review the original Lot in person, and bear legal liabilities for their acts of bidding the Lot. Upon the Auctioneer confirms the Bidder's bid by striking his/her hammer or in any other manner publicly indicating confirmation of the purchase in any auctions organized by the Company, the contract for sale regarding the Lot shall immediately enter into force and the Bidder shall become the Buyer of the Lot. ﬔe Company, the Seller and the Buyer shall acknowledge the sale of the Lot and its closing, enjoy the rights and assume the obligations provided by applicable laws and/or these Conditions of Business. Any party that fails to perform obligations shall bear its/his/her corresponding legal liabilities. ﬔe Company may amend these Conditions of Business for a particular auction by posting announcements at the auction site or making an announcement at such auction through an Auctioneer.

CHAPTER II THE SELLER ARTICLE 5 CONSIGNMENT PROCEDURE When arranging for the consignment of the Seller's Lot to the Company for auction: (1) The Seller must present a valid identity document with photo issued by the government (e.g. resident identity card or passport) if the Seller is a natural person and sign a consignment auction contract with the Company; (2) A valid certificate of incorporation, proof of shareholding, or a legal authorization document shall be required if the Seller is a legal entity or any other organization, which shall

sign a consignment auction contract with the Company.

(3) When the Seller signs a consignment auction contract with the Company, the Company shall be automatically authorized to make pictures, illustrations, catalogues, or other video images of the Lot.

ARTICLE 6 THE SELLER'S AGENT When arranging for the consignment of the Lot to the Company for auction, the Seller's agent shall submit to the Company the relevant authorization certificates including: (1) A valid identity document if such agent is a natural person; (2) A valid certificate of incorporation and proof of share holding if such agent is a legal person or any other organization; and (3) A power of attorney duly executed. The Company has the right to examine the aforesaid documents in a lawful manner.

ARTICLE 7 THE SELLER'S WARRANTIES The Seller hereby makes irrevocable warranties to the Company and the Buyer with respect to the Lot it consigns to the Company for auction as follows: (1) The Seller has absolute ownership or legal right to dispose of the Lot. ﬔe auction of the Lot will not prejudice any legal interest (including copyright interest) of any third party, and will not violate the provisions of relevant laws and regulations; (2) The Seller has, to the best of its knowledge, made full, complete and accurate disclosure and description to the Company with respect to the origin and any flaw of the Lot and notified the Company in writing, without any concealment or fabrication; If the Lot is liquors or teas, the Assignee should truly disclose the defects or flaws about, including but not limit to the packaging, labels, level of wear and tear, corks, etc.

(3) If the Lot being consigned shall be imported into Hong Kong, the Seller shall guarantee the compliance with the laws of its origin, and ensure the completion of the export and import procedures and notify the Company in writing; and (4) The Assignee must ensure that the auctioned items do not contravene any laws of Hong Kong (including the Public Health and Municipal Services Ordinance, the Food Safety Ordinance and the Protection of Endangered Species of Animals and Plants Ordinance the Endangered Species of Wild Animals and Plants), ensure and disclose to our Company that it has any license or qualification registration to possess, disposal or sale of the auctioned item required by the laws of Hong Kong. ﬔe Assignee should ensure that if they require our Company to make an additional license or permit to the relevant departments for the auction, display, disposal or possession of the auctioned items, they should notify us in written notice not less than two months prior to the auction.

(5) ﬔe Seller shall guarantee that the Lot is authentic. In so doing, the Seller guarantees: (a) ﬔe Lot is not a counterfeit or forgery of: i. ﬔe work of any artist, author or manufacturer, if the Lot is described by the Seller as the work of that artist, author or manufacturer; ii. A work created or produced within a particular time frame or culture, if the Lot is described by the Seller as a work created or produced during that time frame or culture; iii. A work of a particular origin or source, if the Lot is described by the Seller as a work of that origin or source; or iv. A work created or crafted or refined or restored through a

particular process or manner, if the Lot is described by the Seller as a work created through that process or manner. (b) In the case of jewellery and timepieces, in addition to 5(a) above, the Lot is crafted in the manner as described by the Seller, out of the particular materials as described by the Seller, and had underwent no restoration processes other than those stated by the Seller; and (c) In the case of gemstones, in addition to 5(a) above, the Lot had undergone no beautification processes other than those specified by the Seller.

If the Seller violates any of the above warranties, the Seller shall fully indemnify all losses, costs and expenses suffered by the Company and/or the Buyer.

and all losses caused by the suspension of auction; (3) ﬔe Company has an objection to the explanation of the Seller or the accuracy of the Seller's warranty mentioned in Article 7 hereof; (4) Any evidence proves the Seller has violated or will violate any provisions of these Conditions of Business; (5) For any other reason, the Company believes that the auction of such Lot shall be suspended; or (6) Whichever situation causes such suspension, if the Company is aware of any ownership or other dispute in relation to the Lot being consigned for auction, the Company shall have the right to refuse to return such Lot until the dispute is settled.

wear, inherent flaws, internal or potential defects, change of substance itself, self-combustion, self-heating, oxidation, corrosion, leakage, rat-bite, worm-bite, change in the atmosphere (climate or air temperature), change in humidity or temperature, or other gradual changes or caused by force majeure such as earthquake, tsunami, war, hostile action, armed conflict, terrorism, coup, strike and social riot, or nuclear radiation or radioactive pollution as well as the damage or destruction of book frames, glass, drawers, bottom pads, trestles, mountings, insert pages, scroll heads or other similar accessories caused by any reason are not within the scope of insurance coverage. ﬔe aforesaid risks should be borne by the Seller.

ARTICLE 8 RESERVE

ARTICLE 12 THE SELLER'S WITHDRAWAL OF LOT

ARTICLE 18 INSURANCE INDEMNITY

Unless otherwise agreed upon by the Company and the Seller, all Lots are offered subject to a Reserve. ﬔe Reserve shall be determined by the Seller and the Company in writing through consultation, and no modification of the Reserve shall be made without the prior consent of the other party after it is determined by both parties. Following the bidding failure of the Lot authorized by the Seller, the Auctioneer shall have the right to sell such Lot at the Reserve after such auction and the Seller must pay the Commission to the Auctioneer. In no circumstance shall the Company bear any liability for failure to sell the Lot at the Reserve at the auction held by the Company.

The Seller may withdraw the Lot at any time prior to the Auction Date by issuing a written notice to the Company.

In the case that the Lot has been listed in the catalogue or other public materials and they have begun to be printed at the time of the withdrawal of the Lot, the Seller shall pay an amount equal to 20% of the Reserve of the Lot and all other expenses. In the case that the catalogue or other public materials have not been printed, the Seller shall pay an amount equal to 10% of the Reserve of the Lot and all other expenses. Any dispute or claim arising out of the Seller's withdrawal of the Lot shall be borne by the Seller and has nothing to do with the Company.

Any damage or destruction of the Lot caused by incidents or disasters covered by the insurance purchased by the Company for the Lot shall be handled in accordance with the laws of Hong Kong on insurance. The Company shall pay insurance indemnities after deducting the Company's expenses (other than the Commission) to the Seller after the Company obtains such indemnities from the insurance company.

ARTICLE 9 THE COMPANY'S DISCRETION

ARTICLE 13 AUTOMATIC INSURANCE

The Company may decide the following matters at its absolute discretion: (1) Explanation and/or appraisal of any aspect of any Lot through the catalogue of the Lot and/or news media and/or other carriers; (2) Whether to consult any expert or not; (3) ﬔe illustration of the Lot in the catalogue, the exhibition of the Lot and other forms of publicizing the Lot, the arrangement in the promotional activities as well as the standards of payable expenses; (4) Suitability of a Lot for auction by the Company; (5) Other matters such as the date of auction, the place of auction, the conditions of auction and the manner of auction.

Unless otherwise instructed by the Seller in writing, all Lots will be automatically covered under the insurance policies purchased by the Company after the Seller enters into the consignment auction contract with the Company and delivers the Lots to the Company. ﬔe insured amount shall be based on the Reserve agreed by the Seller and the Company in the consignment auction contract (if there is no Reserve, it shall be the agreed insured amount of the Lot; if the Reserve is adjusted, it shall be the original Reserve of the Lot). ﬔe insured amount is only applicable to insurance and claim for compensation, is not the Company's warranty or guarantee for the value of the Lot, and does not mean that the Lot can be sold for an amount equal to the insured amount through any auction by the Company.

ARTICLE 10 LOT NOT AUCTIONED

ARTICLE 14 INSURANCE PREMIUM

After the Seller has signed the consignment auction contract with and delivered the Lot to the Company, if for any reason the Company believes that the Lot is not suitable for auction by the Company, the Seller shall collect the Lot within thirty days from the issuance date of the Company's notice (fees for packaging and transportation shall be at the Seller's own expense). The consignment auction contract between the Seller and the Company will terminate on the date when the Seller collects the Lot. If during the above-mentioned period the Seller fails to collect the Lot, the consignment auction contract will automatically terminate upon the expiration of such period. If within seven days after the termination of the consignment auction contract the Seller does not collect the Lot, the Company shall have the right to charge the Storage Fee, insurance fees and other reasonable expenses, and to dispose of the Lot in a way the Company deems proper. ﬔe Seller is responsible for the collection of, if any, the amount obtained from the disposal after deducting all the fees and expenses incurred by the Company.

If the Lot is sold, the insurance premium payable by the Seller shall be 1% of the Hammer Price unless otherwise agreed by the Seller and the Company. If the Lot is not sold, the Seller shall as well pay the insurance premium at 1% of the Reserve.

ARTICLE 11 SUSPENSION OF AUCTION The Company has the right to suspend the auction of any Lot at any time before the actual auction in any one of the following situations: (1) The Company has an objection to the ownership or authenticity of the Lot; (2) Any third party has an objection to the ownership or authenticity of the Lot and can provide relevant evidence materials as to the basis of such objection, pays a security pursuant to the Company's requirements and is willing to take the corresponding liabilities for the legal consequences

ARTICLE 15 INSURANCE PERIOD If the Lot is sold in the auction, the insurance period shall terminate at the earlier of the seventh day after the Sale Date (including the Sale Date) and the date when the Buyer collects the Lot. If the Lot is not sold in the auction, the insurance period shall terminate upon the expiry of thirty days after the Company issues the notice on the collection of the Lot.

ARTICLE 16 INSURANCE BY THE SELLER In the event that the Seller notifies the Company in writing not to insure the Lot, it shall undertake all the risks and the following liabilities at any time (unless otherwise ruled by an arbitration institution): (1) To compensate for any claim or action brought by any other parties against the Company with respect to the damage or destruction of the Lot; (2) To compensate the Company and/or any other parties for all losses suffered and all expenses incurred because of the damage or destruction of the Lot caused by any reason; and (3) To notify the compensation related provisions herein to any insurer of the Lot.

ARTICLE 17 INSURANCE DISCLAIMER The damage or destruction of the Lot caused by natural

ARTICLE 19 BIDDING PROHIBITION ﬔe Seller shall not bid for the Lot consigned to the Company by himself/herself/itself for auction, or authorize any other person to bid on his/her/its behalf. Only the Company has the right to bid on behalf of the Seller at a price not more than the Reserve. The Seller shall bear all legal liabilities and compensate for all losses caused to the Company if the Seller violates this Article.

ARTICLE 20 COMMISSION AND EXPENSES Unless otherwise agreed upon by the Seller and the Company, the Seller shall authorize the Company to deduct 10% of the Hammer Price as Commission and at the same time deduct other expenses. Despite the fact that the Company is the Seller's agent, the Seller agrees that the Company may collect the Commission and other expenses from the Buyer in accordance with the provisions in Article 49 hereof.

ARTICLE 21 SERVICE FEE FOR UNSOLD LOT In case the Lot is not sold because the bidding price is lower than the Reserve, the Seller shall authorize the Company to charge the Seller a service fee for unsuccessful auction and other expenses.

ARTICLE 22 PAYMENT OF PROCEEDS OF SALE Where the Buyer effects full payment of the Purchase Price to the Company in accordance with the provisions in Article 49 hereof, the Company shall pay the Proceeds of Sale to the Seller thirty-five days after the Sale Date in Hong Kong dollars.

ARTICLE 23 DEFERRED PAYMENT Where the Company does not receive the full payment of the Purchase Price from the Buyer upon the expiry of the payment period under Article 51 hereof, the Company will pay the Proceeds of Sale to the Seller within seven working days after receipt of full payment of the Purchase Price from the Buyer.

ARTICLE 24 SELLER TAXES ﬔe Seller shall pay taxes to the government for the Proceeds of Sale obtained. If the Company has the obligation to withhold and pay taxes according to the provisions of the relevant laws, the Company will follow the provisions of the laws. The Seller shall assist in handling all the formalities and bear the corresponding taxes and expenses.

ARTICLE 25 ASSISTANCE IN THE COLLECTION OF OUTSTANDING PAYMENT ﬔe Seller shall, at the time of its consignment of the Lot to the Company for auction, be deemed to have authorized the Company to demand the corresponding outstanding payment from the Buyer on behalf of the Seller. Where the Buyer

fails to fully pay the Purchase Price within seven days after the Sale Date (including the Sale Date), the Company shall have the right to demand the Commission and other Buyer's Expenses according to the provisions of Article 58 hereof.

In addition, the Company shall as well have the right to take appropriate actions (including but not limited to resorting to legal proceedings) to assist the Seller in collecting such outstanding payment from the Buyer where it is deemed by the Company to be practicable. ﬔe above provision does not exclude the Seller's right to demand in person or authorize any third party to demand the outstanding payment from the Buyer and does not obligate the Company to demand the corresponding outstanding payment from the Buyer on behalf of the Seller under any circumstance. ﬔis Company shall not bear the corresponding liability for the Seller because of the Buyer's failure to pay the Purchase Price under any circumstance.

ARTICLE 26 THE COMPANY'S DISCRETION The Company shall have the right to accept the Seller's authorization (at the Seller's expenses) and may determine the following matters as the case may be: (1) To agree on special conditions of the payment of the Purchase Price; (2) To remove, store and insure the sold Lot; (3) To settle claims brought by the Buyer or the Seller in accordance with the relevant articles hereof; and (4) To take other necessary measures to collect the outstanding payment owed by the Buyer to the Seller.

ARTICLE 27 UNSOLD LOT In the event that the Lot is not sold, the Company may choose any one of the following actions: (1) Private sale after the auction The Company may re-negotiate with the Seller on the revised Reserve and sell the Lot in private sale, and pay the Seller the Proceeds of Sales adjusted based on the revised Reserve.

(2) Re-auction ﬔe Company may re-auction the Lot. ﬔe Commission and expenses scale set out in the previous consignment auction contract remains applicable.

(3) Collection of the Lot ﬔe Seller shall take back the Lot within 30 days upon receipt of the Company's notice on collection (fees for packaging and transportation shall be paid by the Seller) and pay the Company the service fee for unsuccessful auction and other expenses. ﬔe Company shall, upon expiration of such time limit, be entitled to charge the Storage Fee, insurance fees and other reasonable expenses, and to sell the Lot through public auction or other means of sale according to the conditions the Company deems appropriate. The Company shall also be entitled to deduct the service fee for unsuccessful auction and other expenses payable by the Seller in the first auction as well as all expenses for re-sale of the Lot by auction from the Proceeds of Sale before paying the remaining amount to the Seller.

ARTICLE 28 RISK ASSUMPTION ﬔe Seller shall assume liability for all risks and expenses that occur after the time limit prescribed herein if the Seller fails to take back the Lot not auctioned or the unsold Lot within such the time limit. ﬔe Seller shall assume liability for all risks and expenses of the Lot not auctioned or the unsold Lot at the earlier of the thirtieth day after the Company issues a notice on collection of the Lot to the Seller (including the notice date) and the time when the Seller collects the Lot in accordance with these Conditions of Business. Where the Seller requests Company to assist it in the return of the Lot within the time limit provided herein and the Company so agrees, the Seller shall assume liability for all risks and expenses that occur after the Lot leaves the place designated by the Company. Unless the Seller specifically gives an indication and pays insurance premium in advance, the Company has no obligation to insure the Lot for any period after its departure from the place designated by the Company. Where the Seller requests

the Company to assist it in returning the Lot by means of post, express delivery or other third-party transportation, the Company shall be deemed to have returned the Lot and the Seller shall be deemed to have collected the Lot upon the Company's delivery of the Lot to the post, express delivery and transportation entities, companies or their employees/branch offices.

be responsible for any breach of the Conditions of Business by the Seller.

4. Without affecting Article 30 (2) of these rules, any claim for compensation that the Bidder makes to the Company or the Seller shall be limited to the Hammer Price and the Buyer's Commission of the Lot. Under no circumstances shall the Company and the Seller bear any consequential losses incurred by the Buyer.

CHAPTER III THE BIDDER AND THE BUYER ARTICLE 29 RESPONSIBILITIES OF THE BIDDER AND THE COMPANY IN RESPECT OF THE LOT 1. ﬔe Company's perception of all Lots partly relies on the information provided by the Seller, the Company is unable and will not carry out comprehensive inspection of all Lots.

Bidders are aware of this and bear the responsibilities of inspecting and testing the original Lots so that Bidders will be satisfied with those Lots in which they may be interested.

2. All Lots for sale by the Company are available for viewing

by Bidders. By bidding, Bidders and/or their agents are deemed to have carried out thorough examination of the Lots, and are deemed to be satisfied with the conditions of the Lots and the accuracy of their description.

3. Bidders acknowledge that various Lots are dated long time ago and of special categories, implying that the Lots are not perfect and not free from defects. All Lots are sold on an“as is” basis at the time of the auction (whether or not Bidders attend the auction). Condition reports may be provided when during the viewing period. Under certain circumstances, catalogue descriptions and condition reports may be used for reference about certain defects of the Lots. Nevertheless, Bidders should pay attention that the Lots may have other defects not clearly stated in the catalogue descriptions and condition reports.

4. Regarding the information about the Lot provided to Bidders, including any forecast information (written or verbal), catalogues and other reports, commentaries or estimated values, such information are not statement of facts, but rather are statements of the opinion that the Company holds. Such information can be altered at the sole discretion of the Company from time to time.

5. ﬔe Company or the Seller has not made any declaration or warranty as to whether any Lot is subject to any copyright or whether the Buyer has bought the copyright of any Lot. 6. In accordance with the matters contained in Article 29 (1) to 29 (5) of the Conditions of Business and the special exemption contained in Article 30 of the Conditions of Business, the descriptions in the catalogue and in the condition reports are written in a reasonably prudent manner (and such should be in line with those terms of the Conditions of Business regarding the Company serving as Auction Agent) based on (1) the information provided by the Seller to the Company; (2) academic and technical knowledge (if any); and (3) generally accepted opinions of the relevant experts.

ARTICLE 30 THE COMPANY'S EXEMPTION AND RESTRICTION OF RESPONSIBILITIES TO THE BUYER 1. If the Company considers the Lot as forgery, it shall return the Hammer Price and Buyer's Commission to the Buyer.

2. Subject to the matters contained in Article 29 of the Conditions of Business and the rules in Article 30 (1) and 30 (5) of the Conditions of Business, the Company shall not: (1) be responsible for any errors or omissions in the information provided by the Company to the Bidder verbally or in writing, no matter whether this is caused by negligence or other reasons, with the exception of provision contained in Article 29 (6) of the Conditions of Business; (2) make any guarantee or warranty to the Bidder, excluding any implied warranty and rules other than the expressed warranty that the Seller has entrusted the Company to make to the Buyer (with the exception of those responsibilities that cannot be discharged according to the stipulations of laws); (3) be accountable to any Bidder for any actions or omissions of the Company regarding the auction or the sale of any Lot (no matter whether this is caused by negligence or other reasons).

3. Unless the Company owns the Lot to be sold, it shall not

ARTICLE 31 CATALOGUE AND OTHER EXPLANATION OF THE LOT ﬔe Company shall prepare a catalogue of the Lot to briefly introduce the conditions of the Lot with words and/or pictures to facilitate the Bidder and Seller to participate in the auction held by the Company. ﬔe words and Estimate in the catalogue of the Lot, pictures, other images as well as public materials are only references for the Bidder and may be revised before auction. The Company provides no guarantee for the authenticity, value, tone, quality or flawlessness of the Lot.

ARTICLE 32 UNCERTAINTY OF CATALOGUE Where the tone, color, graduation shape or any other feature of the Lot shown in the catalogue and/or any other illustrations, images and public materials differ from those of the original Lot due to printing, photography or other technical reasons, the original Lot shall take precedence. Any introduction and appraisal of any Lot made by the Company and its employees or its agents in anyway (including the certificate, catalogue, slideshow and news media) are only opinions for reference and do not constitute any guarantee for the Lot. The Company and its employees or its agents shall undertake no liability for any inaccuracy or omission in the aforesaid introduction or appraisal.

ARTICLE 33 RESERVE AND ESTIMATE Unless otherwise indicated, all Lots are offered subject to a Reserve. Normally, the Reserve is not higher than the lowest Estimate announced before the auction or published before the auction by the Company. If a Reserve has not been set for a Lot, unless there has already been bidding, the Auctioneer, in his or her discretion, may determine the starting price, but this shall not be higher than the lowest Estimate of the Lot before the auction.

Under no circumstances shall the Company bear any liability when the bids for a Lot do not reach the Reserve. If the bids are lower than the Reserve, the Auctioneer, in his or her discretion, may sell the Lot at a price lower than the Reserve.

However under such circumstances, the amount that the Company shall pay the Seller shall be the amount that the Seller would receive as if the Lot was sold at the Reserve.

The Estimate is estimated at an earlier time before the Auction Date, it is not a confirmed selling price, and is not legally binding. Estimates cannot be used as a forecast of the Hammer Price of the Lot, and the Company has the right to revise from time to time the Estimate already made.

ARTICLE 34 BIDDERS' INSPECTION RESPONSIBILITY The Bidder and/or his/her/its agents shall have the responsibility to learn about the actual conditions of the Lot and shall be legally liable for his/her/its bid for a certain Lot. ﬔe Company strongly advises the Bidders to personally inspect the original Lot they intend to bid for before the Auction Date by authentication or other means. Bidders shall judge by themselves whether Lot complies with the descriptions in the Company's catalogue of the Lot and other images and public materials, rather than relying on the catalogue, images and public materials to make decisions.

ARTICLE 35 REGISTRATION OF BIDDERS If the Bidder is a natural person, before the Auction Date, he/ she shall fill in and sign the registration documents with an identity document with photo issued by the government (such as resident identity card or passport), and provide proof of the current address (e.g. utility bill or bank statement); if the

Bidder is a company or other organization, before the Auction Date, it shall fill in and sign the registration documents and collect a paddle with its valid certificate of incorporation and proof of shareholding and legitimate authorization document. ﬔe Company may request the Bidder to present proof of bank details or other proof of financial conditions for payment purposes.

ARTICLE 36 PADDLE The Company can announce before the Auction Date the conditions and procedures of arranging paddle for the Bidder according to different auction conditions and auction methods etc., including but not limited to the qualification and conditions for the Bidder to arrange a paddle. The Company solemnly reminds that a paddle is the only proof for the Bidder to participate in the auction at the venue. ﬔe Bidder shall keep it properly and shall not lend it to others to use it. If it is lost, it shall immediately handle the loss report formalities in a written form recognized by the Company.

No matter if the person holding a paddle has been appointed by the Bidder or not, his or her bidding acts at auction are considered as having been made by the registered person himself, and the Bidder shall bear the legal responsibilities for the acts of the former, unless the Bidder himself has already submitted a written report to the Company regarding the loss paddle.

ARTICLE 37 AUCTION DEPOSIT When a Bidder participates in an auction of the Company, he/she shall first pay the auction deposit before collecting the paddle. The amount of the auction deposit will be announced by the Company before the Auction Date, and the Company has the right to waive the auction deposit. If the Bidder fails to buy the Lot and he does not owe the Company any sum, then that auction deposit shall be returned to the Bidder in full without interest within 14 working days after the end of the auction. If the Bidder succeeds in buying a Lot, the auction deposit shall automatically be converted to the payment of the Purchase Price of the Lot.

ARTICLE 38 DISCRETION OF THE COMPANY The Company has the right to forbid anyone from participating in the auction organized by the Company or entering the auction site, or taking pictures or shooting videos at the auction site at its discretion.

ARTICLE 39 HANDLING OF ABNORMAL EVENTS If any abnormal event occurs at the auction site, the Company has the right to take emergency actions. If any dispute arises at the auction site, the Company has right to mediate and settle it.

ARTICLE 40 CONFIRMATION OF BUYER'S IDENTITY ﬔe Bidder must take good care of his/her/its paddle and be cautious not to lose it. ﬔe Bidder shall not lend his/her/its paddle to others, or the Bidder shall assume all legal liability for others' act of bidding for the Lot using his/her/its paddle.

ARTICLE 41 ABSENTEE BIDS Bidders shall attend the auction in person. If a Bidder or its agent cannot attend in person, it can appoint the Company in writing for the Company to bid on its behalf. ﬔe Company has the discretion to accept or not accept the above appointment. Any Bidder who has appointed the Company to bid shall handle the appointment formalities within the period stipulated (no later than three business days), and produce a completed Absentee Bid Order to the Company, and at the same time pay the auction deposit according to the Conditions of Business.

If the Bidder who has appointed the Company to bid needs to cancel the absentee bid, it shall notify the Company no later than 24 hours before the Auction Date.

ARTICLE 42 AUCTION RESULTS OF ABSENTEE BID If a Bidder who has appointed the Company to bid, the auction results and the related legal responsibilities shall be

borne by the Bidder.

If the Bidder indicates in the Absentee Bid Order that it bids by instant communication methods such as telephone, it shall fill in the instant communication method accurately and keep the instant communication instrument properly, during the period in which the Company is appointed to bid, the Bidder shall use that instant communication instrument itself. Where the instant communication instrument is lost or it cannot be within control, the Bidder shall immediately use a written form recognized by the Company to change the instant communication method filled in the Absentee Bid Order.

During the period the Company is appointed to bid, it shall make appropriate efforts to contact the Bidder, the bidding information transmitted by that instant communication instrument (whether or not it is transmitted by the Bidder personally or the Bidder's agent) shall be considered as transmitted by the Bidder itself, and the Bidder shall bear legal responsibilities for the actions taken by it. Unless the Buyer itself has changed the instant communication method filled in the Absentee Bid Order by a written method recognized by the Company. All telephone bids may be recorded and kept at Poly Auction (Hong Kong)’s sole discretion, by opting for telephone bids, the Bidder agrees that its phone conversation will be recorded.

Nevertheless, under no circumstances shall the Company be responsible for any unsuccessful contact or errors or omissions in the bidding process using that instant communication instrument.

ARTICLE 43 DISCLAIMER OF ABSENTEE BID Since absentee bid is a free service of transmitting bidding information that the Company provides to the Bidder, the Company and its employees shall not bear any responsibilities for unsuccessful bidding or any errors, omissions, negligence, fault or inability to bid on its behalf during the bidding process.

ARTICLE 44 FIRST-COME-FIRST-SERVE PRINCIPLE FOR ABSENTEE BID If two or more Bidders appointing the Company to bid on their behalf have bid the same price for the same Lot and eventually that Lot is sold at that Hammer Price, then the one who first submitted to the Company shall be the Buyer of that Lot.

ARTICLE 45 DISCRETION OF THE AUCTIONEER The Auctioneer has the right at his absolute and sole discretion in the following matters: 1. Refusal or acceptance of any bid; 2. Carrying out the auction in such a manner as he may decide; 3. Withdrawal of any Lot, dividing it for auction separately, combining any two or more Lots for auction; 4. If there are errors or disputes, no matter if they occur during or after the auction, he shall have the right to decide the successful Bidder, whether or not to continue the auction, to cancel the auction or place the Lot under dispute for auction again; 5. ﬔe Auctioneer may open and carry out the bidding at a level with bidding increments that he considers suitable, and has the right to bid on behalf of the Seller up to the amount of the Reserve, either by placing consecutive bids or by placing bids in response to other Bidders; 6. Adoption of other actions that he considers as appropriate.

ARTICLE 46 NO RESERVE For those Lots without a Reserve, unless there has already been bidding, otherwise the Auctioneer, under his own discretion, may decide the starting price. If there is no bidding at such a price, the Auctioneer will, at his own discretion, lower the price and continue the auction until a Bidder starts to bid, then he will continue the auction at that price and then continue up from that amount.

ARTICLE 47 IMAGE DISPLAY BOARD AND CURRENCY CONVERSION BOARD To facilitate Bidders, the Company may use image projector

or other forms of display boards in the auction. ﬔe contents shown are for reference only. It is possible that there are differences in the information such as the amount, reference number of the Lot, images of the Lot or reference foreign currency etc. shown in the image projector or other forms of display boards and the Company shall not bear any responsibilities for any losses caused by such differences.

ARTICLE 48 SUCCESSFUL BID The fact that the Auctioneer confirms the highest bid of a Bidder by striking his/her hammer or in any other manner of publicly confirming the sale shall indicate the conclusion of a sales contract for the Lot between the Bidder and the Seller.

ARTICLE 49 COMMISSION AND EXPENSES After the Bidder has succeeded in bidding, it will become the Buyer of that Lot. A buyer’s premium will be added to the Hammer Price and is payable by the buyer as part of the total purchase price. The buyer’s premium is 20% of the hammer price of each lot and at the same time other Buyer’s Expenses, and recognizes that the Company can charge the Seller the commission and other Seller expenses according to provisions of the Consignment Agreement.

ARTICLE 50 TAXES All the monies that the Buyer pays to the Company are net amounts, which shall not include any tax on goods, tax on services or other value added tax (whether levied by Hong Kong or other regions). If there is any tax applicable to the Buyer, the Buyer shall bear it itself according to the provisions of the relevant laws currently in force.

ARTICLE 51 PAYMENT TIME After the Lot is successfully sold in an auction, unless otherwise agreed, regardless of any stipulations of the export, import or other permits of the Lot, the Buyer shall fully pay the Purchase Price within 7 days after the Sale Date (including the Sale Date), and collect the Lot. If packing, moving costs, and insurance expenses, expenses related to export are involved, the Buyer shall pay them altogether.

ARTICLE 52 PAYMENT CURRENCY All monies shall be paid in Hong Kong dollars. If the Buyer pays in another currency other than Hong Kong dollars, it shall convert it at the exchange rate agreed between the Buyer and the Company or at the exchange rate of Hong Kong dollars and that currency type on the previous working day announced by such bank as selected by the Company.

All bank handling fees, commission and charges incurred by the Company for converting the foreign currency paid by the Buyer into Hong Kong dollars shall be borne by the Buyer.

ARTICLE 53 TRANSFER OF OWNERSHIP Even if the Company has delivered the Lot to the Buyer, the Buyer has not yet obtained the ownership of the Lot. This shall pass onto the Buyer only when the Buyer has fully paid the Purchase Price and all monies that the Buyer owes the Company.

ARTICLE 54 TRANSFER OF RISKS After the bidding has succeeded, the risks ofthe Lot shall be borne by the Buyer itself after the occurrence of one of the following events (whichever earlier): 1. ﬔe Buyer has collected the Lot; or 2. ﬔe Buyer has fully paid the Purchase Price for the Lot to the Company; or 3. ﬔe expiry of seven days after the Sale Date (including the Sale Date).

ARTICLE 55 COLLECTION OF THE LOT Risk and responsibility for the lot passes to the Buyer at the expiration of thirty calendar days from the Sale Date (including the Sale Date). or on collection by the Buyer, if earlier. After thirty calendar days, all expenses incurred, including but not limited to storage, moving, insurance will be for the account of the Buyer. Although the Company

shall use reasonable efforts to take care of purchased Lot and suggest handlers, packers or carriers, the company is not responsibleto any person to whom we have made are commendation for the acts or omissions of the third party concerned.

ARTICLE 56 PACKING, HANDLING AND MOVING If the employees of the Company pack and handle the Lot bought on behalf of the Buyer according to the latter's requirements, this is considered as a service provided by the Company to the Buyer and the Company has the discretion to decide whether to provide this service, if any losses arise therefrom, the Buyer shall bear them itself. Under no circumstances shall the Company be responsible for any damage of the glass or picture frame, box, backing sheet, frame case, mounting, inserts, rolling rod or similar auxiliary objects caused by any reasons.

Where the Buyer requests the Company to assist it in collecting the purchased Lot (the packaging, mailing and transportation expenses shall be paid by the Buyer) by means of post, express delivery or transportation, the Company shall be deemed to have delivered the Lot and the Buyer shall be deemed to have collected such Lot according to the normal procedure upon the Company's delivery of the Lot to the post, express delivery and transportation entities, companies or their employees/branch offices. The risks arising from this process shall be borne by the Buyer. Unless Buyer gives a clear indication and pays insurance premium, no insurance is provided in the process of mailing, express delivery or transportation generally.

The Company shall undertake no liability for any error, omission, damage or destruction caused by the packaging company and post, express delivery and transportation entities or companies designated by the Buyer or recommended by the Company to the Buyer.

ARTICLE 57 IMPORT, EXPORT LICENSES AND PERMIT ﬔe Buyer shall be responsible for obtaining any import and export licenses, permit for endangered animals or other aspects related to the Lot. Failure or delay in obtaining any permits required shall not be deemed as a reason for cancelling the purchase or delaying in paying the Purchase Price. The Company shall not bear any responsibilities for the failure to properly fill in or submit the required import or export documents.

If the Buyer requests the Company to apply for the import and export licenses on its behalf, the Company has the right to charge service fees for this service. However, the Company does not warrant that the import or export license will be issued. The Company and the Seller has not made declaration or warranty in respect of whether or not any Lot is subject to import and export restrictions or any embargo.

ARTICLE 58 REMEDIES FOR NON-PAYMENT If the Buyer fails to make full payment according to the provisions of the Conditions of Business or any payment arrangements agreed with the Company, the Company has the right to adopt one or more of the following measures: 1. After the Lot is sold, if the Buyer fails to pay the Purchase Price within 7 days from the Sale Date (including the Sale Date), the auction deposit paid at the time of bidding registration shall not be refunded, and it shall at the same time bear the relevant responsibilities according the provisions of the Conditions of Business; if the Buyer has bought a few Lots with the same paddle, after the Lots are sold, if the Buyer has not paid the Purchase Price of any of the Lots within the time stipulated, then the entire auction deposit shall not be refunded, and it shall at the same time bear the relevant responsibilities according the provisions of the Conditions of Business; 2. If the Buyer fails to pay the Purchase Prices in full to the Company within 7 days from the Sale Date (including the Sale Date), the Company has the right to appoint a third party organization to collect the entire or part of the Purchase Prices that the Buyer owes;

3. If the Buyer fails to pay the Purchase Price in full within 7 days from the Sale Date (including the Sale Date), the Company has the right to charge interest at 0.03% per day on the unpaid portion starting from the 8th day after the Sale Date until the day on which the Buyer has fully paid the monies, with the exception that the Buyer has otherwise agreed with the Company; 4. The Buyer shall bear the risks and expenses of taking out an insurance policy, moving and storing the Lot in the Company or other places; 5. To sue the Buyer or apply to Arbitration Agency for mediation, demand for compensation for all the losses due to the breach of contract by the Buyer including but not limited to economic loss, legal expenses, default penalty and pass due interest caused by the delay in payment or refusal to make payments by the Buyer; 6. To retain that or any other Lot that the same Buyer has bought via the Company, and any other properties or rights to property of the Buyer that the Company holds for any reasons, all the expenses and/or risks incurred during the retention period shall be borne by the Buyer. If the Buyer fails to perform all its duties concerned within the period specified by the Company, the Company has the right to issue a lien notice tothe Buyer and dispose of the items under lien if the Buyer has not yet fully paid all outstanding amounts within 30 days after the issue of that notice. if the items under lien are insufficient to offset all the monies payable by the Buyer to the Company, the Company has the right to claim them; 7. The Company has sole discretion to cancel the sale or agree that the Consignor can cancel the deal, and reserve the right to claim all the losses suffered by the Company due to the cancellation of that deal; 8. ﬔe Company can place the Lot for auction again or sell it by other means according to the provisions of the Conditions of Business with the consent of the Seller, and the Company reserves the right to decide the Estimate and Reserve. ﬔe original Buyer shall pay the commission and other Buyer's Expenses and the Seller in the first auction, and it shall bear all the costs of the second auction or the sale of the Lotby other means. If the price obtained from the second auction or the sale of the Lot by other means is lower than the original auction sum, the original Buyer shall pay the shortfall; 9. To offset any monies related to the Lot that the Buyer owes the Company by any sums that the Company owes the Buyer in any other transactions; 10. ﬔe Company can decide to use any monies paid by the Buyer to repay any sums that the Buyer owes the Company in any other transactions; 11. To reject any bids made by the Buyer or its agent at future auctions, or to obtain auction deposit before accepting any bids; 12. To disclose the information of the Buyer to the Seller, so that the Seller can start a law suit to recover the outstanding amount, or claim damages and claim legal fees for breach of contract by the Buyer.

ARTICLE 59 REMEDIES FOR DELAY IN COLLECTING THE LOT If the Buyer fails to collect the purchased Lot 7 days after the Sale Date (including the Sale Date), the Company has the right to adopt one or more of the measures below: 1. All costs (including but not limited to the storage fee calculated and charged according to the provisions of the Bidder Registration Order starting from the 31st day from the Sale Date (including the Sale Date) and/or risks for the taking out of an insurance policy and/or storing the Lot in the Company or other places shall be borne by the Buyer. Only after the Buyer has paid the full amount of the Purchase Price, it can collect the Lot (packing and moving costs, insurance expenses, expenses related to export shall be at the Buyer's expense); 2. ﬔe Buyer shall bear all the risks and expenses incurred after the deadline as stated in the Conditions of Business if it cannot collect the Lot concerned within that deadline. If the Buyer has not yet collected the Lot within 30 days from the

Sale Date (including the Sale Date), after notifying the Buyer, the Company has the right to sell that Lot in a public auction or by a method and with methods and conditions that it considers suitable. Any proceeds after the deduction of all the losses, expenses (packing & moving costs, insurance costs, expenses related to export, Storage Fee, and notarial expenses etc.) incurred by the Company from the disposal shall be taken back by the Buyer; such balance is noninterest-bearing. If the Buyer fails to take the proceeds back two years after the Sale Date, the balance shall be deposited to a Hong Kong court by the Company after deducting the relevant expenses (including legal fees).

ARTICLE 60 LIMITED WARRANTY 1. ﬔe Company provides general warranty to the Buyer: If the Lot sold by the Company is later found to be a counterfeit, the Company will cancel that deal according to the terms of the Conditions of Business, and will return to the Buyer in the currency of the original deal the Hammer Price together with the Buyer's Commission that the Buyer has paid to the Company for the Lot. In this regard, based on the reasonable opinion of the Company, counterfeits refer to frauds in various aspects such as the source, place of origin, date, production year, duration, culture or sources etc. of the article, and the correct description of the above points have not been recorded in the contents of the catalogue (any special terminologies are taken into consideration). Any damage and/or any type of restored item and/or repaired items (including repaintingor painting on top of it) of the Lot shall not be considered as counterfeit.

Please pay attention that if any of the following situations happens, this warranty shall not apply; The contents of the catalogue are based on generally accepted opinion of academics and specialists on the selling date, or contradictions in opinions are shown in the contents of the catalogue; or On the selling date, the only method of proving the Lot is a counterfeit is not a method which can be used in general; which is recognized; which is extremely high price; the usage of such method is impractical; or this method may have caused damage to the Lot or may (according to the reasonable opinion of the Company) have already caused the Lot to lose value; or If the Lot has not lost any material value from the description of the Lot. 2. ﬔe deadline in this warranty is 5 years fromthe Auction Date concerned, these benefits are exclusively enjoyed by the Buyer, and shall not be transferred to any third party.

In order to make claims based on this warranty, the Buyer shall:-(1) notify the Company in writing within one month after the receipt of any information which leads the Buyer to doubt the authenticity or attributes of the Lot, specifying the reference number of the Lot, date on which the Lot is purchased and reasons for which it is considered as counterfeit; (2) return the Lot to the Company in the same conditions as it was on the date of sale, and the proper ownership of it is transferrable, plus there are no claims from any third party after the Sale Date.

3. Regarding Southeastern Asian modern and contemporary art, Chinese painting and Chinese calligraphy and Chinese ink painting, although at present the academic sector does not permit the making of definitive statements, the Company reserves the discretion to cancel those deals of Lots which are proved to be counterfeit southeastern Asian modern and contemporary arts, Chinese painting and Chinese calligraphy and Chinese ink paintings within one year after the Auction Date based on this warranty. Paid sums shall be returned to the Buyer according to this term, however the Buyer shall provide evidences (based on the methods provided forin clause 2 and 4 of this article) to prove that the Lot is counterfeit within one year from the Auction Date; 4. ﬔe Company can, at its discretion, decide to waive any of the above provisions. ﬔe Company has the right to demand from the Buyer two independent specialist reports which are recognized by the specialist sector concerned and which are accepted by the Company and the Buyer at the expense of

the Buyer. ﬔe Company shall not be subject to any report presented by the Buyer, and retains the right to seek additional expert opinion at the expense of the Company.

5. This limited warranty does not apply to auction categories, such as, jewellery, watches, designer handbags, alcohol, tea and other food and beverage items, etc.

ARTICLE 61 SPECIAL CATEGORIES 1. Statements about the status of jewellery items in the auctions are usually set out in the catalogue. However, it does not imply that the auctioned item has no defects, flaws or has not enhanced beautification after processing.

(1) Coloured gems (such as rubies, sapphires, emeralds and various coloured gems) may enhance beautification after processing or improved in appearance, including heat-treated, oiling and radiation. ﬔese common practises have been approved by the international jewellery industries. However, the hardness of the treated stones may be reduced and / or need special maintenance in the future.

(2) Our Company will not apply appraisal report from professional organisations for each piece of jewellery item in the auction. If an auctioned item has obtained the appraisal report from an internationally recognised gem laboratory, the Company will specify it in the auction catalogue. Due to the difference in methods and techniques used in different laboratories, there may be different views as to whether a gemstone has been treated, degree of treat or permanently treated. Our Company will not be responsible for the accuracy of the appraisal report issued by each laboratory.

(3) If you would like to request an appraisal report by a specific laboratory, please submit the request at least 14 working days before the auction date, the Company will apply for appraisal report on behalf of you, and the corresponding appraisal costs will borne by you.

(4) ﬔe valuation of an item of jewellery item in the auction is made based on all information being known at the time the item being auctioned, bidders should review the auctioned item or make a detailed understanding of the auctioned item before the auction. Once you have placed a bid, it is deemed that you have accepted all the current status of the auctioned items.

(5) Our Company reminds bidders that precious stones or emerald originating from Myanmar may be banned in certain countries.

2. Watches and Timepieces Auctioned items (1) Our Company has stated that the current status of a watch and timepieces auctioned items being known on the auction catalogue, and is for bidder's reference only.

Due to the fact that most timepieces have been repaired and maintained during the previous period being used, we do not guarantee that any parts and components of any watch are original, and it is possible that no pendulum, clock hammers or keys are for available for sale.

(2) Watches and timepieces generally have a very sophisticated mechanical manufacture that may require general warranty service, battery replacement or further repair works, and these will be all at the buyer's disposal.

Our Company does not guarantee that any auction of watches is in good working condition. Unless mentioned in the catalogue, otherwise we do not provide a certificate.

(3) Most watches have been opened to check the movement of the models and their quality, so with a waterproof case may not contain waterproof function, our Company recommends that you to ask a professional watch maker to check before use.

CHAPTER IV MISCELLANEOUS ARTICLE 62 OBTAINING INFORMATION, VIDEO-TAKING In connection with the operation of the auction business of the Company, the Company may make audio recording, video recording of any auction process, and need to

collect personal information from the Bidder or ask for the information of the Bidder from third parties (such as asking for credit review from banks). Such information will be handled and kept confidential by the Company.

However the information concerned may be provided to the Company, its divisions, affiliates and subsidiaries in order to assist the Company to provide comprehensive services to Bidders, carry out client analysis, or in order to provide services that meet the requirements of the Bidder. For the sake of the interest of the Bidder, the Company may also provide some personal information of the Bidder to third party service providers (such as cargo liners or storage houses). By participating in the auction of the Company, the Bidder agrees to all previously stated disclosure. If the Bidder would like to obtain or amend his personal information, please contact the customer service department.

ARTICLE 67 NOTICE

ARTICLE 63 CONFIDENTIALITY

ARTICLE 68 SEVERABILITY

The Company shall be obligated to keep confidentiality for the Seller, the Bidder and the Buyer and protect the legitimate rights of the Seller, the Bidder, the Buyer as well as the Company according to these Conditions of Business and the laws of Hong Kong. With below exceptions: 1.To any related parties as the Company considers appropriate with the obligations to maintain the confidentiality of the information extended; 2.To whom information is requested to be disclosed by any court, jurisdiction, governmental, banking, taxation or other regulatory authority, or by any applicable law or regulation; 3.Being agreed by relevant seller, bidder or buyer.

If any terms or parts of the Conditions are confirmed as void, illegal or cannot be executed, other terms or parts of the Conditions are still valid, the parties concerned shall abid by and execute them.

ARTICLE 64 AUTHENTICATION RIGHT The Company may authenticate the Lot if necessary. In case of any discrepancy between the authentication conclusion and the conditions of the Lot in the consignment auction contract, the Company shall have the right to request modification or rescission of the consignment auction contract.

ARTICLE 65 COPYRIGHT The Seller authorizes the Company to produce photos, illustrations, catalogue, video products and advertising materials in other forms of the Lot that it has appointed the Company to place for auction, the Company is entitled to the above photos, illustrations, catalogue, video products and advertising materials in other forms of the Lot, and has the right to use them. Without prior written consent of the Company, the Buyer and anyone shall not use them. ﬔe Company and the Seller have not made any statement and warranty as to whether the Lot is restricted by copyright or if the Buyer has obtained any copyright of the Lot.

ﬔe Bidder and the Buyer shall inform the Company their permanent and effective correspondent address and contact methods in the bidding registration documents or by other methods recognized by the Company. If there are changes, they shall inform the Company in writing immediately.

The notices mentioned in the Conditions of Business only refer to written notices sent by letter or fax formats.

A notice shall be deemed as served at the following moment: 1. If it is served by hand, when it reaches the address of the party concerned; 2. If it is sent by post, then it is the seventh day after it is posted; 3. If it is sent by fax, then it is the moment the outgoing fax transmission is confirmed by the fax machine.

ARTICLE 69 LAWS AND JURISDICTION The Conditions of Business and the related matters, transactions, any disputes caused by or in connection with the participation in the auction activities of the Company pursuant to the Conditions of Business shall be subject to Hong Kong laws and shall be interpreted by Hong Kong laws. The Company and the Buyer and the Bidder shall submit to the exclusive jurisdiction of Hong Kong courts.

Adjudication(s) promulgated by Hong Kong courts on any disputes arising from the Conditions of Business and related matters can be enforced in People's Republic of China.

ARTICLE 70 LANGUAGE The Chinese version of the Conditions of Business shall be the standard texts; the English version is for reference only.

Should there be any discrepancy between the English version and Chinese version, the Chinese version shall prevail.

ARTICLE 71 OWNERSHIP OF THE COPYRIGHT OF THE CONDITIONS The Conditions of Business is prepared and revised by the Company, the copyright concerned belongs to the Company. Without the prior written approval of the Company, no one shall use any methods or means to use the Conditions of Business to obtain business benefits, and shall not make duplication, of any parts of the Conditions of Business.

ARTICLE 66 EXEMPTION FROM LIABILITY

ARTICLE 72 APPLICABLE PERIOD

Being an agent of the Seller, the Company shall assume no liability for any breach of contract by the Seller or the Buyer. In case of the breach of contract by the Seller or the Buyer, the Company shall have the right to decide to disclose the other party's name and address to the Seller or the Buyer at its own discretion so that the damaged party may receive compensation for damages through legal proceedings. However, prior to the Company's disclosure of such materials to the Seller or the Buyer, the Company shall take the reasonable steps to notify the party whose materials are to be disclosed.

Buyers and sellers have to bear liabilities arisen from transactions including but not limited to, economic, legal, tax and settlement and other related responsibilities, and have to ensure transactions not relate to money laundering or other illegal benefit transfers. Any receive or payment instruction must be clear and direct, the Company shall assume no liability for losses arisen from account stolen, misappropriation of funds and other unforeseen circumstances resulting from mismanagement of sellers or buyers.

The Conditions of Business is only applicable for this auction. The Company may update the Conditions of Business from time to time, when the Bidder and the Buyer participate in another auction, the then applicable Conditions of Business shall prevail.

ARTICLE 73 RIGHT OF INTERPRETATION ﬔe right of interpretation of these Rules shall belong to the Company.

£¤ÿ~}| IMPORTANT NOTICE ABOUT BIDDING REGISTRATION

—¼bD¯°£¤ÿ~×}PF£¤¤ÿ~à<µ¡@ g þ;= Á 9 ^GÒÿ~ È I. When you register to bid in an auction, you must fill in the Bidding Registration Form, with all relevant documents as follow, and pay a deposit in order to complete the registration. ¼£¤ÿ~×}¡@¹;= : 1. î¥ ¿À§uL ©° g þ;= ( c±² g / ³© ) ¬×QR þ ( c g þ;=& ) c óS / T5ÖU 2. }| Ùóÿ~ ·¸ þ;= 3. ÝÒ¥ ÝÒ¥L ©° g þ;= , ÝÒ¥¸Ý ๣¤¥ / ¹ þ;= , ^ Í¥ / Þ§ ¹($b %Ø , 9ABC Ŷ·ÁºûÐ Ñ - øõTºì ÝÒ¥ cbDÝà?¥¯°£¤ 9ABC +¶· ¥¹ÐÑ 4. ­}|^ &§$#9A¶â ä ÀÁ£¤ }| ¾Ã(w bD ¡@T5§u ¹J þ Mò" ¯°£¤ ­}| ³ 3 îïÐð GÒÿ~ ^ !È ×EvÒÿ~ef II. Documents that must be provided when completing the bidding paddle registration: (1) Individuals: photo identity i.e. national identity card and/ or passport; proof of current address (if the current address is not shown on the identity document), i.e. utility bill or bank statement.

(2) Corporate clients: a certificate of incorporation and official documents listing directors and shareholders.

(3) Agents and/or Acting Personnel: photo identity of the agent and/or acting personnel, copy of identity document of the person/company that the agent and/or acting personnel acts on, original copy of signed and/or chopped authorization letter from the particular person/ company.

Please note that Poly Auction (Hong Kong) Limited does not accept any payment from any third party and this also applies to agent. If you participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the principal.

(4) New clients and those clients who have not bidden successfully from Beijing Poly Intemational Auction Co., Ltd., must provide credit proof issued by banks, and must complete the registration at least three business days before the auction so that there will be enough time to process the registration. º¼sbD " ¯°£¤ Æ×& !9ABC ä ´ µ¶}|é 9 ³C. 500,000 : cbDü £¤;éz ( § / Æ~ æ 0 ¹ ) 9 ³C. 1,000,000 : 9ABC ¾Ã(wC×'{;éz ¹9 / È , XÅ Y5ø| §bD£¤ , º ¾Ã(w bD ¡@01 bD {ô þ ¾Ã(wl¾01¥¹£¤ÿ~XÅ aQ01 «8 III. If this is the first time you bid with Poly Auction (Hong Kong) Limited, and you are not recommended by a registered client endorsed by us, the deposit will be HK$500,000. If you intend to bid on a “Premium Lot”(i.e., a lot marked with 0 in the printed catalogue and/or the digital catalogue), the deposit will be HK$1,000,000, please be aware the amount of deposit and/or bidding registration procedure for “Premium Lot” can be changed at any time at Poly Auction(Hong Kong)’s sole discretion without prior notice.

In either case, you must deliver to Poly Auction (Hong Kong) Limited such necessary financial references, guarantees, deposits and/or such other security as Poly Auction (Hong Kong) Limited may in its absolute discretion require for before your bid. Poly Auction (Hong Kong) Limited may refuse any bidding registration without any explanation at its’ sole discretion.

ɼ¸ 9 Ò}^Æ 9ABC ä ´ ¹J 1 / Tx1^C.ÐÑ ( bDÒ}û õ*D J 1 / Tx1 ) cbD& ¤!01 , 9AB C jÑë§ U¡ÂïÉîïÐ ÿËbD Ð 9 ( ź AV ) cbDÀ³ÔÕ 9ABC ä (jÍ9 г Ð ÔzÑ Ñ

01ý ÿÑ -] á ì jÓbD IV. All deposits must be paid in HK dollars by telegraphic transfer, credit card acceptable to Poly Auction (Hong Kong) Limited and/or Union Pay Card under your name. If you are not successful in any bid,the deposit (without interest) will be returned to you by any method as determined by Poly Auction (Hong Kong ) Limited within 14 days after the end of the auction. If you successfully bid for any lot(s), Poly Auction (Hong Kong) Limited may use the deposit to offset any amount of purchase price of the lot(s) that bought by you.

Any losses or expenses from foreign currency conversion involved in the refund will be borne by you. ×¼ ( £¤¥¡@{ô þ¼ 9¼ê Ñ þ £¤¥³Ü £¤ ¡ @Ü?Ê] 9 ' £¤¥e nñ (A V. Poly Auction (Hong Kong) Limited has the right to demand the Bidder to provide any proof of financial conditions, guarantee, proof of bank deposit and/or any other necessary documents that our company can demand, at its absolute discretion, and/or asking the Bidder to provide any other collateral for the Lot(s) that the latter intends to bid. Our company reserves the right to investigate the sources of funds of the Bidder. ܼ ¾Ã(wl¾01¥¹£¤ÿ~XÅ aQ 01«8 VI. Please be aware that Poly Auction (Hong Kong) Limited can refuse any bidding registration without any explanation at its’ sole discreation.

{ôÐÑ}| IMPORTANT NOTICE ABOUT PAYMENT

¼ À  ÔÕ¦ Ð z ¾¦ À ( À ) îó ÔÕ¦ Ð Ô zѵ¡· , ± ÔÕRSj uU , µ uU " , ø >Ѻì I. In addition to the Hammer Price, the Buyer agrees to pay the applicable commission in respect of such Hammer Price. Payment must be made within 7 calendar days (including the day of Sale) from the day of sale. ﬔis applies even if the Buyer wishes to export the lot and export license is (or may be) required. ¼ À ( À ) Á ºï î ÔÕ}³ & ²· Ð êì = Ö C. : êÅÈ îÖ" º }ÁÐ{Ö êì êìźâÜ ? µì c9 ¼º» Ï ì Ü? µì j Y5ß· II. Where Lot(s) is(are) not collected within 30 calendar days (including the day of sale) from the day of sale, the Buyer must pay the monthly storage fee of HK$800 per lot starting from the 31st day. For storage less than one month, one whole month’s storage fee will be charged. All other additional expenses such as insurance, packing and/or transportation costs will be charged separately. º¼ ¶·^D CÐÑû` 電匯 ÐÑû` ^Æ û`{¶ m T5S| Øj Ñë Æõ +* £¤¤ §3 U î QT5 |5 BC « VT5 ä |* 9ABC ä U 004-848-360475-838 ßÑT5Ý : HSBCHKHHHKH T5ÝU : 004 |5 øT5·g ä BC3 5 |* 9ABC ä U 027-536-9-311-5318 ßÑT5Ý : COMMHKHH T5ÝU : 027 信用卡 / 銀聯卡 ÔÕc^9ABC ´ ¹J 1 / Tx1û` Ð ÔzÑ ö ¾ ÐÑ ÅB 2.5% ¹5¿ì ¶·J 1ÐÑ ¹ ä³C. 1,000,000 : ( ® ) cÔÕ^Ä1¥Å§®û` ^J 1 ÐÖÑ }|Ò}PF” J 1Ðѹ($” µ^(? (852 23039888 ) / Æ (cs@polyauction. com.hk ) üû` Ë ½R }· >Ñ ¡ 支票 ¶·î¥ 3° 3 ã Ø ÔÕ} 3 -Âû ¡· Å ¶ · W 5 3 Ð

Ñ 現金 / 銀行本票 c^¬ T5 3ÁÐÑ ö e±¡· Í XŶ· ^ Ô B ÐÑ_` ¬ о þC. 80,000 : Æ¿z µ.¹ Ñ ( Ь ÔÕ ­}| · « g þ;=¼ø UQR þ ¬ nñ þ III. Our company accepts the following types of payment: TELEGRAPHIC TRANSFER Payment should preferably be made by telegraphic transfer directly to our company’s account. Please include your name and paddle number or invoice number with your instructions to the bank.

Bank: The Hongkong and Shanghai Banking Corporation Limited Account Name: Poly Auction (Hong Kong) Ltd. Account No: 004-848-360475-838 SWIFT: HSBCHKHHHKH Bank Code: 004 Bank: Bank of Communications Co., Ltd. Hong Kong Branch Account Name: Poly Auction (Hong Kong) Ltd. Account No: 027-536-9-311-5318 SWIFT: COMMHKHH Bank Code: 027 CREDIT CARD/UNIONPAY CARD Our company accepts payments by credit cards and/ or Union Pay which is acceptable to Poly Auction (Hong Ko n g ) u p t o H K $ 1 , 0 0 0 , 0 0 0 p e r auction sale. The Buyer have to bear the administrative charge which is not more than 2.5% of the paid amount.

If buyer pay by credit card but not in person, client have to fill in the “Credit Card Authoirsation Form” and send back by fax (852 23039888)/ email (cs@polyauction.com.hk) or mail to our office address (subject to conditions).

CHEQUE Our company accepts personal and company cheques, but please be reminded that the purchases will not be released until such cheques have been cleared. Traveler’s cheques are not accepted.

CASH / CASHIER ORDER If payment is made by cash or cashier order, the purchases will be released immediately. However, our company does not accept sums exceeding HK$80,000 (or its equivalent in other currencies) in cash in a single or multiple payments. Our company requests any new clients or purchasers preferring to make a cash payment to provide proof of identity and proof of the permanent address. We reserve the right to seek identification of the source of funds received.

ɼ¸ zѦ^C. Ð cÔÕ ^C.^µ Ü?Ö. Ð ¦ Ô Õ° T z © z ¹T5 ÔÕÐÑ î ïÐ ] C.°ÍÖ. z µ^ ¸§u¹ K ¸ ¹ ³- ÔÕ 5 ¸ й ÍCµ.-]ÀC.¸ù ¹¸ T 5 Èì¼ / Ü?ì IV. If the payment made in a currency other than Hong Kong Dollars, we shall charge the Buyer for any currency costs incurred. This will include bank charges, commissions for converting the currency. The exchange rate of Hong Kong Dollars and that currency will be the rate quoted by such bank as selected by the company, in Hong Kong on the date of payment. ×¼ j £¤ÿ~à< + * ½R§uÌu S ï ÿ~ +* ½RÅ!\W V. Our company will issue an invoice of sold lot (s) based on the name and address which is (are) on the Bidding Registration Form and the registered name and address should not be changed and/ or amended. ܼ Ŷ· ÔÕµ 01Á º û Ð Ñ ø õ T º ì Ý Ò ¥ cÝÒ¥Ýà?¥¯°£¤ + ¶· ¥ ÐÑ ¶·ÔÕÐÑ µ 9 lßÜ?nñÐÑ (A VI. Our company does not accept payment from any third party other than the Buyer. This applies to agent as well. If the agent participates in the auction on behalf of any others, we only accept payment from the principal.

Except payment from the Buyer directly, our company reserves the right to reject payments from other sources.

保 利 香 港 拍 賣 有 限 公 司 (“ 保 利 香 港 拍 賣 ”)

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Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong BC ù ù5 88 67ê® 1 t 7 8 701-708 # T: + 852 2303 9899 F: + 852 2303 9888 E: cs@polyauction.com.hk W: www.polyauction.com.hk

POLY AUCTION (HONG KONG) LIMITED (“POLY AUCTION (HONG KONG)”)

BIDDING REGISTRATION FORM Paddle No. Client No. Personal Account

Company Account

Name

Company Name

ID / Passport No.

Business Registration No.

Authorized Person : ___________________________________

ID/Passport No. : ______________________ Telephone: _________________________

Address City

Country

Postal Code

Telephone

Fax

Email

Auction Category:

□ Modern and Contemporary Art □ Fine Modern Chinese Paintings and Calligraphy □ Classical Chinese Paintings and Calligraphy □ Chinese Contemporary Ink Paintings

Have you registered to bid at Poly International Auction Co. Ltd. before?

□ Chinese Ceramics and Works of Art □ Jewels □ Watches □ Bag & Hype □ Yes

□ Tea □ Chinese Spirit □ Whisky & Cognac □ Other

□ No

Please attach a copy of your ID Card/Passport and proof of current address (e.g. utility bill and bank statement) for identification purpose.

I hereby confirm my intention and application to bid in the above auction. I agree to deliver to Poly Auction (Hong Kong) such necessary financial references, guarantees, deposits and/or such other security as Poly Auction (Hong Kong) may in its absolute discretion for my bid. I agree that Poly Auction (Hong Kong) has no obligation to accept this registration application and that Poly Auction (Hong Kong)’s decision in this regard shall be final. I shall not assume Poly Auction (Hong Kong)’s acceptance of my registration application unless I have received a written confirmation from Poly Auction (Hong Kong) to that effect or a bidding paddle.

Please note that the auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. ﬔe auctioneer may further bid on behalf of the seller up to the amount of the reserve, by placing responsive or consecutive bids for a lot.

In connection with the management and operation of our business and the marketing and supply of Poly Auction (Hong Kong) services, or as required by law, we may ask clients to provide personal information about themselves and/or obtain information about clients from any third parties (e.g. credit information). Poly Auction (Hong Kong) will not use and/or process my personal information for any other purpose without the client’s express consent. In order to fulfill the services that clients have requested, Poly Auction (Hong Kong) may disclose certain information to third parties (e.g. shippers). Some countries do not offer equivalent legal protection of personal information to that offered within Hong Kong. It is Poly Auction (Hong Kong)’s policy to require that any such third parties respect the privacy and confidentiality of my information and provide the same level of protection for my information as provided within Hong Kong, whether or not they are located in a country that offers equivalent legal protection of personal information. By signing this Registration Form I agree to such disclosure.

By signing below, I agree to be bound by the Conditions of Business and all the important notices as printed in the catalogue. If Poly Auction (Hong Kong) so requests, I agree to provide proof of identity and permanent address. ﬔe contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the Lot is sold, I agree to pay in Hong Kong dollars the Hammer Price, a commission and related charges of buyer within 7 calendar days (including the day of sale).

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly's group □ I do not wish to receive the settlement advice by email

SIGNATURE

DATE

If you plan to attend the sale and bid on a lot, please fill out this form and fax it to (852) 2303 9888 or mail to the following address in either case to reach POLY AUCTION (HONG KONG) no later than 3 working days prior to the day of sale:

FOR OFFICE USE ONLY

□ Wire Transfer Handled by

□ Cashier Order

□ Cheque

□ Credit Cards (VISA, MASTER, CUP, A E)

Approved by

□ Others Date / Time

Suite 701-708, 7/F, One Pacific Place, 88 Queensway, Admiralty, Hong Kong BC ù ù5 88 67ê® 1 t 7 8 701-708 # T: +852 2303 9899 F: +852 2303 9888 E:cs@polyauction.com.hk W: www.polyauction.com.hk

ID/PP : □ Provided

□ ERP

保 利 香 港 拍 賣 有 限 公 司 (“ 保 利 香 港 拍 賣 ”)

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POLY AUCTION (HONG KONG) LIMITED (“POLY AUCTION (HONG KONG)”)

ABSENTEE BID REGISTRATION

Paddle No.:

Mail or Fax to: Poly Auction (Hong Kong) Limited Address: 701-708, 7/F, One Pacific Place 88 Queensway, Admiralty Hong Kong Phone: (852) 2303 9899 Fax: (852) 2303 9888

Personal Account

Company Account

Name

Company Name

Bank: ﬔe Hongkong and Shanghai Banking Corporation Limited Account Name: Poly Auction (Hong Kong) Ltd. Account No: 004-848-360475-838 SWIFT: HSBCHKHHHKH Bank Code: 004

Address

Client No.

Bank: Bank of Communications Co., Ltd. Hong Kong Branch Account Name: Poly Auction (Hong Kong) Ltd. Account No: 027-536-9-311-5318 SWIFT: COMMHKHH Bank Code: 027

This Absentee bid registration must be sent to the customer service department at least three business days before the Auction Day. Poly Auction (Hong Kong) will confirm receipt of your Absentee Bid Registration by fax or recorded phone message etc. If you have not received definite reply within one working day, please send in the form again.

□ WRITTEN BIDS Bidding will be conducted at the lowest possible price. If appropriate, your absentee bids will be roughly adjusted to the bidding increment of the Auctioneer as close as possible.

“Buy” or unlimited bids will not be accepted and we do not accept “plus one” bids. Please place bids in the same order as in the catalogue.

If Poly Auction (Hong Kong) receives two or more absentee bids at the same bidding price, and during the Auction, such bidding prices are the highest bids for that Lot, then that Lot will belong to the Bidder whose absentee bid reaches Poly Auction (Hong Kong) first. ﬔe Auctioneer can execute absentee bids directly on the Auction stage.

□ TELEPHONE BIDS Please indicate clearly the instant communication methods and instruments that you can be contacted during the auction period, we will phone you before the bidding of the Lot that you intend to bid for, the bidding information transmit by that instant communication instruments (whether or not it is transmitted by you personally) shall be considered as transmitted by you, and you shall bear all liability and responsibility (including but not limit legal liability and responsibility) for the actions taken by it.

All telephone bids may be recorded and kept at Poly Auction (Hong Kong)’s sole discretion, by opting for telephone bids, the Bidder agrees that its phone conversation will be recorded.

Sale No.

Lot No.

_________________________________

Business Registration No.

ID / Passport No.

City

Country

Postal Code

Tel #1

Tel #2

Fax

Email

Preferred language

☐Authorization for Absentee Bid Registration: Name of Agent ID / Passport No.

Tel:

IMPORTANT REMINDER: • Poly Auction (Hong Kong) does not accept any payment from any third parties (agent inclusive), nor cash in excess of HK$80,000 (or its equivalent in other currencies), and that the invoice details cannot be changed and/or amended after the end of the Auction.

• Please provide certified true copies of the following documents: o Individuals: photo identity i.e. national identity card and/or passport, proof of current address (if the current address is not shown on the identity document), i.e. utility bill or bank statement. o Corporate clients: a certificate of incorporation and official documents listing directors and shareholders. o Agents and/or Acting Personnel: photo identity of the agent and/or acting personnel, identity document of the person/company that the agent and/or acting personnel acts on, original copy of signed and/or chopped authorization letter from the particular person/ company. Please note that Poly Auction (Hong Kong) Limited does not accept any payment from any third party and this also applies to agent. If you participate in the bidding on behalf of others, Poly Auction (Hong Kong) only accepts the payment of the principal.

• Poly Auction (Hong Kong) only accepts Absentee Bid Registration Form in this written format.

I hereby apply for and appoint Poly Auction (Hong Kong) to conduct bidding for the Property(ies) listed in this Absentee bid registration, and agree to the following terms: 1. I undertake that I have carefully read and accept the Conditions of Business, Important Notices, Important Notices about Bidding Registration and Important Notices about Payment of Poly Auction (Hong Kong) published in the catalogue, and agree to be bound by all the terms of the above mentioned provisions.

2. ﬔe disclaimer of absentee bid of the Conditions of Business of Poly Auction (Hong Kong) is indisputable, I shall not seek to establish the relevant responsibilities of Poly Auction (Hong Kong) and its staff for unsuccessful bidding or their inability to bid on my behalf regardless such is caused by negligence or other reasons.

3. I shall present this Absentee Bid Registration to Poly Auction (Hong Kong) at least three business days before the Auction Day, and complete the bidding registration according to the conditions and procedures announced by Poly Auction (Hong Kong). If Poly Auction (Hong Kong) has not received the amount corresponding to the Auction deposit that I have paid or Poly Auction (Hong Kong) has not verified and confirmed it within the period stipulated, this form shall be void.

4. ﬔe contract between the Buyer and Seller shall be concluded upon the striking of hammer by the Auctioneer. If the Lot is sold, I agree to pay in Hong Kong dollars the Hammer Price, a commission equivalent to 20% of the hammer price of each lot and any Buyer's expenses within 7 calendar days (including the day of sale).

Highest Bid (excluding commission) for written bid / Emergency bid (excluding commission) for phone bid #

Lot Description

HKD HKD HKD HKD HKD #important Note: If Poly HK staff is unable to contact you during the auction, the bid will be placed in accoedance with you listed emergency bid price

□ I would like to receive the news for coming auction or events by email or message from Poly Hong Kong or Poly’s group □ I do not wish to receive the settlement advice by email Signature: FOR OFFICE USE ONLY Deposit payment: □ Wire Transfer Handled by

Date:

□ Cashier Order

□ Cheque Approved by

□ Credit Cards (VISA, MASTER, CUP, AE)

ID/PP: Date / Time

□ Provided

□ ERP

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SHIPPING INSTRUCTIONS SHIPPING INFORMATION Please complete this Form and we shall arrange for the dispatch of all your purchases through one of our nominated shipping agents, at your expense. Poly Auction (Hong Kong) is not responsible for any damage and/or loss of the purchases and/or the packing (i.e frames, glasses) from any packing and/or transportation. It should be the buyer’s responsibility to obtain any necessary licenses and/or permits, and all the duties, and/or taxes which may occur. For advice on shipping your purchases please call Poly Auction (Hong Kong)'s Warehouse and Logistics Department on (852) 2303 9899.

Please complete this section and delete where applicable

SALE DETAIL Sale #

Lot #

Methods of Dispatch

Registered post/Air fright/Commercial Courier

Invoice#

Delivery Address

(Please cross out as appropriate)

CHARGES

Telephone

Fax

I do/do not require a quotation before the shipment is processed.

INSURANCE IN TRANSIT Please arrange/do not arrange transit insurance. All purchases will be insured at the aggregate price unless otherwise specified.

Please note that Poly Auction (Hong Kong) is not responsible for any insurance charge which may occur from transit.

Invoice Address if different from above

Telephone

Fax

POSTAL CONSIGNMENTS ONLY Please do not remove frames.

(Glass will be discarded).

Please remove frames and glass.

NB: items valued in excess of HK$10,000 or weighing more than 2kg cannot be sent by Post.

Special instructions:

Signature

Y/N

Date

全球保利拍賣辦事處 WORLDWIDE OFFICES BC(Hong Kong) 9ABC ä BC ù588 67ê®1t78 Ʀ (852) 2303 9899 (? (852) 2303 9888 Æ sale@polyauction.com.hk jD(Macau) 9AjD ä jD­UklmÃê®322-362 nVÙó :o168G# xp¥ Lqr Ʀ (853) 2875 1013 (? (853) 2875 1014 Bs(Taiwan) 9ABC ä BsÝàv B$ã:t :t$u (39v6 108 xp¥ ¬wx Ʀ (886) 2 2581 3855 (? (886) 2 2522 2595 Æ taipei@polyauction.com.hk

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T 2 ù12-4-601 Duplex T 2/12 1040061 xp¥ AÇ ~ Ʀ (81) 3 6278 8011 (? (81) 3 6278 8012 ½¶(USA) 9A Ýàv (New York) 559 West 23rd Street, New York 10011 xp¥ Kenny Wong Ʀ (1) 212 273 0822 Æ nyc@polyauction.com

香港、北京保利圖錄預訂 CATALOGUES ＊圖錄預訂可聯系全球各地代表或以下合作單位： ­M (Singapore) ­²¶âK (ßê) SooBin Art Int'L 10 Ubi Crescent, Ubi Techpark Lobby C, # 04-90 Lobby E Singapore 408564 Ʀ (65) 68372777 (? (65) 63397767 (Indonesia) Fang Gallery Ky(ßê) The Plaza 27th Floor,Jl.M.H.Thamrin Kav28-30,Jakarta 10350 Lndonesia Tel: (62) 2129923311 Fax: (62) 2129923311 «Ñ Xi'an Ù8 «Ñ ùu35 ($ê 7D) Ʀ (86-029) 82069868/75/78 Æ sxliangbaolou@163.com Òè Jinan :Ù ($ê 7D) t¸ Òèã tu2-1 t¸H % Ʀ (86-531) 86953009 Qingdao Ù %Ìz($ê 7D) ã ºu12 Ʀ (86-532) 88080822 (? (86-532) 88080833

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HR ($ê 7D) t« 6=ã H 248 è ;Û8201# Ʀ (86-351) 4085383 (? (86-531) 4180191

ê Guangzhou ($ê) ê ã u79 2 zï8 Ʀ (86-20) 81749713

äÉ Yixing 9A 5($ê) äÉã6 $ Ó8 Ʀ (86-510) 68995988 (? (86-510) 68995988 Jiangyang ÕH_;ÛMó ä ã èv (? (86-510) 68970068 è# Nanjing êz($ê) è#ã ÀH ð 2 28 Ʀ (86-25) 83719611 (? (86-25) 83719611

Fuzhou ê_—9 ($ê) M ãítu2 Ʀ (86-591) 83333867 83366176 (? (86-591) 83337963 ê L ã u109 _1 81 :2201# Ʀ (86-0371) 66976789 Æ zysf6789@126.com

中国拍卖行业概念股——保利文化 (3636·HK) 总 经 理：王

蔚 副总经理：陈零初 副总经理：祖世龙 总会计师：郭建巍 副总经理：董

分公司、子公司及各地联络

保利拍卖日本办事处

保利香港拍卖有限公司

地址：东京都中央区银座2丁目12-4

地址：金钟道88号太古广场一座7楼 电话：852-23039899

风见治子 -60 Duplex银座2/12 1040061 电话：81-3-6278-8011 传真：81-3-6278-8012

传真：852-23039888 Email: sale@polyauction.com.hk

Email: polyauction2005@gmail.com

保利拍卖北美办事处

保利澳门拍卖有限公司 地址：澳门宋玉生广场336号 诚丰商业中心16楼G座 电话：+853 2875 1013

黄

健

黄

正

地址：559 West 23rd Street，New York 10011 电话：1-212-273-0822 E-mail: nyc@polyauction.com

传真：+853 2875 1014

保利 ( 山东 ) 国际拍卖有限公司 胡志明

姜 珂

地址：山东省潍坊市奎文区胜利东街 5051号阳光100城市广场

中国古董珍玩 E-mail: gd@polyauction.com 征集微信号：polygudong 行政部 行政主管：付滢蓉 行政经理：李 莹

许

昂

8号楼7楼 电话：0536-8392111 传真：0536-8392009

保利 ( 厦门 ) 国际拍卖有限公司 陈

珊

地址：厦门市白鹭洲东路86-3号 电话：0592-5069988 传真：0592-5320009

保利义乌艺术发展有限公司 李 屾 黄

陈零初

慧

瓷器造像工艺品部 总经理：李嘉伟 高级业务经理：翟昊天 邹德馨 赵胤轩 业务经理：张毅博 徐 雯 业务助理：廖海岚 杨圆通 E-mail: gd@polyauction.com 联系电话：(86-10) 64083090 古典家具文房部 总经理：郑 阳 高级业务经理：宫 诤（海外拓展） 麻 正 业务助理：孟雅琪 E-mail: gdjjwf@polyauction.com 联系电话：(86-10) 64083090

地址：浙江省义乌市宾王路158号文创 园二区D座保利艺术+二层 电话：0579-83556111 传真：0579-83556111

保利拍卖上海办事处 张

瑾

曹欢欢

地址：延安中路1111号延安饭店391室 电话：86-21- 51780360 传真：86-21- 51780361 E-mail: shanghai@polyauction.com

保利拍卖台湾办事处 黄宏任

汪友文

地址：台北市中山区中山北路二段 39巷6号5楼(晶华酒店旁) 电话：886-225224080 传真：886-225222595 E-mail: taiwan@polyauction.com

古董珍玩季拍部 总经理：李 屾 业务经理：文明远 李承隆 王井森 业务助理：范博涵 陈 亮 E-mail: sijigudong@163.com 联系电话：(86-10) 64083098 中国书画 E-mail: sh@polyauction.com 联系电话：(86-10) 64083366 高级专家：罗戈弟 行政部 行政主管：陈媛媛（兼） 行政经理：于振兰 行政助理：许 登 陈玉红 中国书画一部 总经理：罗汉松 高级业务经理：王 业务经理：李夺伦 业务助理：肖明芳 中国书画二部 总经理：胡志明

辉

王高伟

振 中国古董珍玩艺术总监：李移舟 中国书画艺术总监：殷华傑

高级业务经理：刘晓洋 王 浩 王建伟 业务经理：帅恩泽 孟 辉 胡天璧 业务助理：陈 京 联系电话：(86-10) 64083363/3380 中国古代书画部 高级专家：李雪松 总经理：范长江 E-mail: gdsh@polyauction.com 联系电话：(86-10) 64083316 高级业务经理：王 健 任 星 陈智萌（古籍文献类） 业务经理：孟兆波 赵绍华 刘 鹏 李修燕 业务助理：孟雪松 薛 蕊 刘阳春 联系电话：(86-10) 64083314/3315 现当代艺术部 总经理：常天鹄 E-mail: ddyh@polyauction.com 联系电话：(86-10) 64083337/3338 高级业务经理：田 恒 周彬芮 程海清 业务助理：蒋琪瑶 珠宝钟表尚品部 总经理：唐利伟 E-mail:zb@polyauction.com 联系电话：(86-10) 64083392 业务经理：冯成龙 张 周 于杨芳鑫 业务助理：邢家赫 董长保 冯 川 高级业务经理：蓝

晨（科技古董类）

邮品钱币部 总经理：桑贯宇 E-mail: yp@polyauction.com 联系电话：(86-10) 64083036 业务经理：王 超 李海勇 马斯奇 业务助理：郗海娜 刘 欣 名酒茗品部 总经理：陈零初 ( 兼 ) E-mail: zc@polyauction.com 联系电话：(86-10) 64083014 业务经理：王春华 网络拍卖部 总经理：陈媛媛 E-mail: poly-online@polyauction.com 联系电话：(86-10) 64083085 业务助理：张 宁 汪毅青 杨宝敬 康 铮 张 超 研究院 院长：霍文才 E-mail: yjy@polyauction.com 联系电话：(86-10) 64083050 高级业务经理：章之昊 徐向龙 业务经理：唐花玲 业务助理：柴诗轶 贾国栋 瞿 璐 物管部 副主任：刘 琨 行政中心（含网拍及运输）：范

畴

中国书画（含现当代艺术）：徐 路 盛 辉 中国古代书画（含古籍）：郭 蒙 古董珍玩：牛吉刚 邮品钱币、珠宝及名酒茗品：铁 雷 古董珍玩季拍：张 彪 联系电话：(86-10) 64083070 财务部 主任：郭一霖 E-mail: cwkf@polyauction.com 拍品结算： 王佳莹：(86-10) 64083161 董立仁：(86-10) 64083113 李 斌：(86-10) 64083017 陶 蕊：(86-10) 64083166 赵英琪：(86-10) 64083155 财务部传真：(86-10) 64083150 客户服务部 E-mail: vipservice@polyauction.com 联系电话：(86-10) 64083164 客服手机：13716103261 主任助理：孟 超 项目经理：王俊淳 张 政 项目助理：史 纪 周 建 陈 威 赵知谭 郝金鑫 市场部 主任：孟 楠 E-mail: market@polyauction.com 联系电话：(86-10) 64083373 项目经理：赵 京 高树丰 郭 珽 刘 允 张雪婷 项目助理：张潇文 张雁文 办公室 主任：胡向国 刘 超 E-mail: xingzheng@polyauction.com 联系电话：(86-10) 64083007 项目经理：吴 尧 郭安琪 项目助理：王少杰 黄其俊 董荣华 景建伟 张之剑 董嫣然 孔 悦 杜 召 党群（人事）工作部 主任：程 相 E-mail: chengxiang@polyauction.com 联系电话：(86-10) 64083085 审计专员：陈 剑 主任助理：刘 静 霍 健 项目助理：王 榕 胡 郡 赵 创 宋昕宸

LOT2288

7TH FLOOR, ONE PACIFIC PLACE, 88 QUEENSWAY, ADMIRALTY, HONG KONG • 香港金鐘金鐘道 88 號太古廣場 1 期 7 樓 • +852 2303 9899