Antiquorum Antiquorum is an auctioneer of modern and vintage timepieces. Established in Geneva in 1974, Antiquorum was the first auction house to auction fine watches over the Internet in the 1990s . The company was founded in Geneva in 1974 by Osvaldo Patrizzi and expanded to have branches in ten cities, including New York , London, Moscow, Paris, Milan, Munich, Shanghai, and Tokyo. Patrizzi sold 50% of his equity to ArtistHouse Holdings in 2006. In June 2007 he was removed by the board of directors and later filed a number of lawsuits. Antiquorum conducts auctions in Geneva, New York and Hong Kong about ten times a year, preceded by previews in various major cities worldwide. Consumer Affairs Battle In April 2018 , Antiquorum entered into a consent decree with the New York City Department of Consumer Affairs . According to the New York Post , following numerous lawsuits, Antiquorum agreed to pay $1.5 Million back to customers who had consigned their watches for sale , but had not been paid the proceeds. In addition, Antiquorum agreed to pay a $500 civil fine for operating an auction house without a license. The New York City office is no longer listed on the Antiquorum website.Notable Auctions In 2002, Antiquorum set the all-time world record for a wristwatch at auction, selling a unique 1939 platinum Patek Philippe World Time Ref. 1415 for US$4,026,524 - more than double the previous world record. On October 16, 2008, Antiquorum sold a gold Longines wristwatch once owned by Albert Einstein for US$596,000 in New York. In March 2009 , Antiquorum auctioned a number of Mahatma Gandhi's possessions including his Zenith pocket watch and spectacles. This caused controversy and the Indian government tried to cancel the sale. In November 2009 and March 2004 , Antiquorum sold the yellow-gold and the white-gold Patek Philippe Calibre 89 , respectively, and both watches currently rank among the top 10 most expensive watches ever sold at auction , with final prices over 5 million US dollars .
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