It was yesterday's news that Antiquorum, the well-known Geneva-based auction house specialising in watch auctions, announced its plan to increase its capital by CHF 2.2 million (which will strengthen the value of the company's shares) in parallel with the sale of shares in the company held by Artist House Holdings to Hong Kong-based Forever Most Investment Ltd. Antiquorum also obtained additional financing of CHF 5.5 million from a private investor, with the aim of subsidising new markets such as Asia. Yo Tsukahara, President and CEO of Antiquorum, said: 'I am thrilled to have found a partner who truly understands the potential of Antiquorum. This capital increase will allow us to develop new opportunities as well as consolidate our leading position.
Lastly, on 8 June in Hong Kong, the auction house will present an important collection of 400 watches, an exciting opportunity for collectors from all over the world and for Antiquorum's Asian customers. Among the models that will be auctioned is a Reference 5004 by Patek Philippe: a men's wristwatch in 18-carat white gold, split-seconds chronograph with round pushers, perpetual calendar and moon phases. Estimate: €135,000 - €175,000 (pictured).
