AUCTION PRICE LIST: Important Modern and Vintage Timepieces Sunday, February 26, 2012 AUCTION TOTAL: (incl. Buyers Premium) 43,596,375 HKD - -

LOT	HAMMER	+PREMIUM	LOT	HAMMER	+PREMIUM	LOT	HAMMER	+PREMIUM
1	32,000 HKD	40,000 HKD	168	250,000 HKD	312,500 HKD	296	340,000 HKD	425,000 HKD
2	4,500 HKD	5,625 HKD	169	300,000 HKD	375,000 HKD	297	19,000 HKD	23,750 HKD
5	4,600 HKD	5,750 HKD	171	220,000 HKD	275,000 HKD	298	11,000 HKD	13,750 HKD
7	12,000 HKD	15,000 HKD	172	164,000 HKD	205,000 HKD	299	5,000 HKD	6,250 HKD
8	6,500 HKD	8,125 HKD	173	400,000 HKD	500,000 HKD	300	5,500 HKD	6,875 HKD
9	21,000 HKD	26,250 HKD	175	388,000 HKD	485,000 HKD	301	11,000 HKD	13,750 HKD
10	8,000 HKD	10,000 HKD	176	370,000 HKD	462,500 HKD	302	8,000 HKD	10,000 HKD
11	8,000 HKD	10,000 HKD	177	670,000 HKD	824,000 HKD	305	65,000 HKD	81,250 HKD
12	11,000 HKD	13,750 HKD	178	2,000,000 HKD	2,420,000 HKD	306	120,000 HKD	150,000 HKD
15	115,000 HKD	143,750 HKD	179	1,500,000 HKD	1,820,000 HKD	307	230,000 HKD	287,500 HKD
16	50,000 HKD	62,500 HKD	180	2,100,000 HKD	2,540,000 HKD	309	6,000 HKD	7,500 HKD
17	20,000 HKD	25,000 HKD	181	18,000 HKD	22,500 HKD	310	2,600 HKD	3,250 HKD
18	7,500 HKD	9,375 HKD	182	30,000 HKD	37,500 HKD	311	6,000 HKD	7,500 HKD
19	8,000 HKD	10,000 HKD	183	34,000 HKD	42,500 HKD	312	7,000 HKD	8,750 HKD
22	10,000 HKD	12,500 HKD	184	13,000 HKD	16,250 HKD	314	25,000 HKD	31,250 HKD
23	19,000 HKD	23,750 HKD	187	90,000 HKD	112,500 HKD	315	16,000 HKD	20,000 HKD
24	35,000 HKD	43,750 HKD	188	120,000 HKD	150,000 HKD	316	19,000 HKD	23,750 HKD
27	40,000 HKD	50,000 HKD	189	8,000 HKD	10,000 HKD	317	14,000 HKD	17,500 HKD
28	40,000 HKD	50,000 HKD	190	3,600 HKD	4,500 HKD	318	11,000 HKD	13,750 HKD
29	340,000 HKD	425,000 HKD	191	5,500 HKD	6,875 HKD	319	8,000 HKD	10,000 HKD
30	100,000 HKD	125,000 HKD	192	6,000 HKD	7,500 HKD	320	16,000 HKD	20,000 HKD
31	110,000 HKD	137,500 HKD	193	5,500 HKD	6,875 HKD	322	80,000 HKD	100,000 HKD
34	19,000 HKD	23,750 HKD	194	12,000 HKD	15,000 HKD	323	12,000 HKD	15,000 HKD
36	16,000 HKD	20,000 HKD	195	8,500 HKD	10,625 HKD	324	60,000 HKD	75,000 HKD
37	17,000 HKD	21,250 HKD	196	8,000 HKD	10,000 HKD	325	37,000 HKD	46,250 HKD
38	21,000 HKD	26,250 HKD	197	30,000 HKD	37,500 HKD	327	90,000 HKD	112,500 HKD
40	20,000 HKD	25,000 HKD	198	13,000 HKD	16,250 HKD	328	42,000 HKD	52,500 HKD
42	30,000 HKD	37,500 HKD	199	11,000 HKD	13,750 HKD	329	20,000 HKD	25,000 HKD
43	18,000 HKD	22,500 HKD	200	16,000 HKD	20,000 HKD	330	46,000 HKD	57,500 HKD
44	32,000 HKD	40,000 HKD	201	16,000 HKD	20,000 HKD	331	16,500 HKD	20,625 HKD
45	8,500 HKD	10,625 HKD	202	30,000 HKD	37,500 HKD	332	170,000 HKD	212,500 HKD
46	130,000 HKD	162,500 HKD	203	10,000 HKD	12,500 HKD	333	250,000 HKD	312,500 HKD
47	22,000 HKD	27,500 HKD	205	17,000 HKD	21,250 HKD	334	27,000 HKD	33,750 HKD
49	70,000 HKD	87,500 HKD	206	15,000 HKD	18,750 HKD	335	30,000 HKD	37,500 HKD
51	22,000 HKD	27,500 HKD	210	8,000 HKD	10,000 HKD	337	55,000 HKD	68,750 HKD
53	12,000 HKD	15,000 HKD	211	10,000 HKD	12,500 HKD	338	44,000 HKD	55,000 HKD
54	20,000 HKD	25,000 HKD	212	18,000 HKD	22,500 HKD	340	65,000 HKD	81,250 HKD
55	22,000 HKD	27,500 HKD	215	5,500 HKD	6,875 HKD	343	28,000 HKD	35,000 HKD
56	6,000 HKD	7,500 HKD	216	6,500 HKD	8,125 HKD	344	310,000 HKD	387,500 HKD
57	7,000 HKD	8,750 HKD	217	2,000 HKD	2,500 HKD	345	50,000 HKD	62,500 HKD
58	8,000 HKD	10,000 HKD	218	22,000 HKD	27,500 HKD	346	48,000 HKD	60,000 HKD
59	8,000 HKD	10,000 HKD	219	75,000 HKD	93,750 HKD	347	30,000 HKD	37,500 HKD
60	9,000 HKD	11,250 HKD	220	70,000 HKD	87,500 HKD	348	24,000 HKD	30,000 HKD
62	24,000 HKD	30,000 HKD	221	16,000 HKD	20,000 HKD	349	6,500 HKD	8,125 HKD
65	390,000 HKD	487,500 HKD	222	41,000 HKD	51,250 HKD	351	18,000 HKD	22,500 HKD
66	360,000 HKD	450,000 HKD	223	16,000 HKD	20,000 HKD	354	34,000 HKD	42,500 HKD
67	650,000 HKD	800,000 HKD	224	16,000 HKD	20,000 HKD	355	35,000 HKD	43,750 HKD
70	160,000 HKD	200,000 HKD	225	8,000 HKD	10,000 HKD	356	50,000 HKD	62,500 HKD
71	28,000 HKD	35,000 HKD	226	120,000 HKD	150,000 HKD	357	55,000 HKD	68,750 HKD
73	30,000 HKD	37,500 HKD	227	95,000 HKD	118,750 HKD	360	35,000 HKD	43,750 HKD
74	30,000 HKD	37,500 HKD	228	370,000 HKD	462,500 HKD	362	65,000 HKD	81,250 HKD
78	38,000 HKD	47,500 HKD	229	90,000 HKD	112,500 HKD	363	100,000 HKD	125,000 HKD
81	120,000 HKD	150,000 HKD	230	120,000 HKD	150,000 HKD	364	45,000 HKD	56,250 HKD
82	30,000 HKD	37,500 HKD	231	500,000 HKD	620,000 HKD	366	140,000 HKD	175,000 HKD
83	20,000 HKD	25,000 HKD	232	250,000 HKD	312,500 HKD	367	85,000 HKD	106,250 HKD
84	36,000 HKD	45,000 HKD	233	340,000 HKD	425,000 HKD	368	30,000 HKD	37,500 HKD
85	20,000 HKD	25,000 HKD	234	400,000 HKD	500,000 HKD	369	24,000 HKD	30,000 HKD
86	60,000 HKD	75,000 HKD	235	650,000 HKD	800,000 HKD	370	8,500 HKD	10,625 HKD
87	12,000 HKD	15,000 HKD	236	19,000 HKD	23,750 HKD	371	100,000 HKD	125,000 HKD
88	13,000 HKD	16,250 HKD	237	17,000 HKD	21,250 HKD	372	20,000 HKD	25,000 HKD
89	5,000 HKD	6,250 HKD	239	20,000 HKD	25,000 HKD	373	45,000 HKD	56,250 HKD
90	16,000 HKD	20,000 HKD	241	30,000 HKD	37,500 HKD	374	50,000 HKD	62,500 HKD
93	46,000 HKD	57,500 HKD	242	24,000 HKD	30,000 HKD	376	120,000 HKD	150,000 HKD
95	160,000 HKD	200,000 HKD	243	28,000 HKD	35,000 HKD	377	105,000 HKD	131,250 HKD
103	8,000 HKD	10,000 HKD	244	16,000 HKD	20,000 HKD	378	16,000 HKD	20,000 HKD
106	45,000 HKD	56,250 HKD	245	32,000 HKD	40,000 HKD	379	28,000 HKD	35,000 HKD
107	60,000 HKD	75,000 HKD	246	80,000 HKD	100,000 HKD	380	34,000 HKD	42,500 HKD
108	8,500 HKD	10,625 HKD	247	270,000 HKD	337,500 HKD	381	32,000 HKD	40,000 HKD
109	35,000 HKD	43,750 HKD	248	105,000 HKD	131,250 HKD	382	30,000 HKD	37,500 HKD
112	19,000 HKD	23,750 HKD	249	105,000 HKD	131,250 HKD	383	100,000 HKD	125,000 HKD
113	410,000 HKD	512,000 HKD	250	44,000 HKD	55,000 HKD	384	280,000 HKD	350,000 HKD
114	27,000 HKD	33,750 HKD	252	32,000 HKD	40,000 HKD	386	50,000 HKD	62,500 HKD
117	27,000 HKD	33,750 HKD	254	8,000 HKD	10,000 HKD	387	26,000 HKD	32,500 HKD
118	19,000 HKD	23,750 HKD	255	38,000 HKD	47,500 HKD	388	46,000 HKD	57,500 HKD
119	110,000 HKD	137,500 HKD	256	46,000 HKD	57,500 HKD	389	42,000 HKD	52,500 HKD
121	42,000 HKD	52,500 HKD	257	55,000 HKD	68,750 HKD	390	180,000 HKD	225,000 HKD
122	30,000 HKD	37,500 HKD	258	160,000 HKD	200,000 HKD	391	320,000 HKD	400,000 HKD
123	20,000 HKD	25,000 HKD	259	28,000 HKD	35,000 HKD	392	80,000 HKD	100,000 HKD
124	180,000 HKD	225,000 HKD	260	34,000 HKD	42,500 HKD	393	62,000 HKD	77,500 HKD
125	46,000 HKD	57,500 HKD	261	39,000 HKD	48,750 HKD	395	200,000 HKD	250,000 HKD
129	115,000 HKD	143,750 HKD	262	30,000 HKD	37,500 HKD	397	7,500 HKD	9,375 HKD
130	65,000 HKD	81,250 HKD	263	130,000 HKD	162,500 HKD	398	220,000 HKD	275,000 HKD
131	130,000 HKD	162,500 HKD	264	48,000 HKD	60,000 HKD	399	65,000 HKD	81,250 HKD
132	100,000 HKD	125,000 HKD	265	28,000 HKD	35,000 HKD	400	80,000 HKD	100,000 HKD
133	30,000 HKD	37,500 HKD	266	40,000 HKD	50,000 HKD	401	210,000 HKD	262,500 HKD
134	12,000 HKD	15,000 HKD	267	50,000 HKD	62,500 HKD	402	26,000 HKD	32,500 HKD
135	22,000 HKD	27,500 HKD	268	33,000 HKD	41,250 HKD	403	24,000 HKD	30,000 HKD
137	33,000 HKD	41,250 HKD	269	48,000 HKD	60,000 HKD	404	46,000 HKD	57,500 HKD
138	13,000 HKD	16,250 HKD	270	55,000 HKD	68,750 HKD	407	145,000 HKD	181,250 HKD
139	30,000 HKD	37,500 HKD	271	38,000 HKD	47,500 HKD	408	320,000 HKD	400,000 HKD
140	17,000 HKD	21,250 HKD	272	26,000 HKD	32,500 HKD	409	380,000 HKD	475,000 HKD
141	14,000 HKD	17,500 HKD	273	30,000 HKD	37,500 HKD	410	750,000 HKD	920,000 HKD
142	8,500 HKD	10,625 HKD	274	38,000 HKD	47,500 HKD	413	10,000 HKD	12,500 HKD
146	9,000 HKD	11,250 HKD	275	28,000 HKD	35,000 HKD	415	120,000 HKD	150,000 HKD
147	20,000 HKD	25,000 HKD	276	48,000 HKD	60,000 HKD	418	110,000 HKD	137,500 HKD
148	90,000 HKD	112,500 HKD	277	42,000 HKD	52,500 HKD	419	80,000 HKD	100,000 HKD
149	90,000 HKD	112,500 HKD	278	22,000 HKD	27,500 HKD	420	60,000 HKD	75,000 HKD
150	14,000 HKD	17,500 HKD	279	19,000 HKD	23,750 HKD	421	41,000 HKD	51,250 HKD
151	15,000 HKD	18,750 HKD	280	33,000 HKD	41,250 HKD	424	26,000 HKD	32,500 HKD
152	280,000 HKD	350,000 HKD	281	37,000 HKD	46,250 HKD	426	25,000 HKD	31,250 HKD
153	12,000 HKD	15,000 HKD	282	65,000 HKD	81,250 HKD	427	30,000 HKD	37,500 HKD
154	17,000 HKD	21,250 HKD	283	55,000 HKD	68,750 HKD	428	45,000 HKD	56,250 HKD
155	9,500 HKD	11,875 HKD	284	200,000 HKD	250,000 HKD	430	8,500 HKD	10,625 HKD
156	12,000 HKD	15,000 HKD	285	65,000 HKD	81,250 HKD	431	35,000 HKD	43,750 HKD
157	120,000 HKD	150,000 HKD	286	50,000 HKD	62,500 HKD	432	20,000 HKD	25,000 HKD
159	8,500 HKD	10,625 HKD	287	220,000 HKD	275,000 HKD	437	22,000 HKD	27,500 HKD
160	52,000 HKD	65,000 HKD	288	34,000 HKD	42,500 HKD	441	90,000 HKD	112,500 HKD
161	36,000 HKD	45,000 HKD	289	10,000 HKD	12,500 HKD	442	130,000 HKD	162,500 HKD
162	47,000 HKD	58,750 HKD	291	12,000 HKD	15,000 HKD	443	20,000 HKD	25,000 HKD
163	42,000 HKD	52,500 HKD	292	230,000 HKD	287,500 HKD	445	200,000 HKD	250,000 HKD
164	45,000 HKD	56,250 HKD	293	160,000 HKD	200,000 HKD	446	240,000 HKD	300,000 HKD
165	110,000 HKD	137,500 HKD	294	330,000 HKD	412,500 HKD	448	700,000 HKD	860,000 HKD
167	140,000 HKD	175,000 HKD	295	240,000 HKD	300,000 HKD	452	3,300,000 HKD	3,980,000 HKD