163 lots

LOT 294

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Gübelin - Calatrava Travel Time Patek Philippe, Genève, "Calatrava Travel Time," No. 3086778, Ref. 5134G. Made in a limited edition of only 45 pieces in 2004 to celebrate the 150th anniversary of the collaboration between Gübelin and Patek Philippe. Very fine and rare, two time zone, water-resistant, 18K white gold wristwatch with individually adjustable second time zone hand. To be sold without reserve

C. Three-body, solid, polished, concave lugs, transparent case back with commemorative inscription: ?Gübelin - 1854-2004,? sapphire crystals. The pusher at 8 advances the second time zone hand forward in 1-hour increments, the one at 10 moves it backward. D. Two-tone blue with applied and faceted white gold baton indexes, subsidiary dials for the seconds at 6 and the 24 hours of the second time zone at 12. White gold baton hands, matte hand for the second time zone. M. Cal. 215/156, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 18 jewels, straight-line lever escapement, Gyromax balance adjusted to isochronism and 5 positions, shock absorber, self-compensating free-sprung flat balance spring. Dial, case and movement signed, dial and case also signed for Gübelin. Diam. 37 mm. Thickness 10 mm.

Grading System: AA

USD 20,000 - 30,000

EUR 15,000 - 23,000

CHF 23,000 - 35,000

Sold: USD 39,600

LOT 295

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Yellow Gold, Ref. 3940 Patek Philippe, Genève, Ref. 3940, first generation. Made in 1990, sold June 1st, 1992. Very fine, self-winding, 18K yellow gold wristwatch with perpetual calendar, moon phases, 24 hour indication, leap year indication and an 18K yellow gold Patek Philippe deployant clasp. Accompanied by a fitted winding box, Certificate of Origin and setting pin. To be sold without reserve

C. Two-body, solid, polished and brushed, concave bezel, concave lugs, transparent case back, sapphire crystals. D. Matte silver with applied yellow gold baton indexes, subsidiary dials for the days of the month, of the week, the months, the 24 hours and leap year, aperture for the moon phases, outer engraved minute division. Yellow gold dauphine hands. M. Cal. 240Q, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 27 jewels, straight-line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating flat balance spring, 22K gold micro-rotor. Dial, case and movement signed. Diam. 36 mm. Thickness 9 mm.

Grading System: AAA

USD 25,000 - 35,000

EUR 20,000 - 26,000

CHF 30,000 - 40,000

Sold: USD 32,400

LOT 296

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Pink Gold 5125 - "Wempe" Patek Philippe, Genève, retailed by Wempe, No. 3360199, case No. 4188416, Ref. 5125 R, No. 004/125. Made in a limited edition of 125 pieces in 2003 to commemorate the 125th Anniversary of Wempe. Very fine and very rare, center seconds, self-winding, water-resistant, 18K pink gold wristwatch with semi-instantaneous digital triple date annual calendar, moon phases and an 18K pink gold Patek Philippe deployant clasp. Accompanied by a fitted box, an additional case back engraved "Patek Philippe 125 Jahre Wempe 004/125," setting pin and Certificate of Origin.

C. Three-body, solid, polished and brushed, screwed-down case back and crown, protected winding crown, concave lugs, sapphire crystal. D. Matte silver with applied pink gold baton indexes, subsidiary dial for the 24 hours, apertures for the date, the days of the week, the months and the moon phases. Pink gold dauphine hands. M. Cal. 315-203, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 35 jewels, straight-line lever escapement, free-sprung Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating flat balance spring, 21K gold rotor. Dial, case and movement signed, dial also signed "Wempe." Diam. 37 mm. Thickness 11 mm.

Grading System: AAA

USD 50,000 - 70,000

EUR 38,000 - 55,000

CHF 55,000 - 80,000

Sold: USD 69,600

LOT 297

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

T150 Patek Philippe, Genève, retailed by Tiffany & Co., "T150?, No. 3235086, case No. 4162130, Ref. 5150G. Made in 2001. Very fine and rare, center seconds, self-winding, 18K white gold wristwatch with semi-instantaneous digital triple date, annual calendar, moon phases, 48-hour autonomy and an 18K white gold Patek Philippe buckle. Accompanied by a fitted box, commemorative medal, setting pin and certificate. To be sold without reserve

C. Three-body, "Officer-style" (reminiscent of the wristwatches worn by officers during WWI), solid, polished, engraved and hinged case back over transparent cover to view the movement, rounded bezel and band, protected "Louis XV" style winding crown, straight and curved lugs, sapphire crystals. D. Ivory-colored with applied white gold baton indexes, Tiffany "T" at 12, concentric inner seconds/ minute scale, apertures for the days of the week, the months, date and moon phases. White gold dauphine hands. M. Cal. 315/189, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 35 jewels, straight-line lever escapement, Gyromax balance, shock absorber, self-compensating free-sprung flat balance spring, central 21K gold rotor. Dial, case and movement signed. Diam. 36 mm. Thickness: 13 mm.

Grading System:

USD 45,000 - 65,000

EUR 35,000 - 50,000

CHF 50,000 - 75,000

Sold: USD 63,600

LOT 298

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Ref. 5250G, Limited Edition Annual Calendar with Silicon Escape Wheel Patek Philippe, Genève, ?Patek Philippe Advanced Research? Silicon Escape Wheel,? No. 3636073, case No. 4339162, Ref. 5250G. Made in a limited edition of 100 pieces in 2005, sold on October 30th, 2006. Very fine, rare and innovative, center seconds, self-winding, water-resistant, 18K white gold wristwatch with annual calendar, power-reserve indication, moon phases, silicon escape wheel and an 18K white gold Patek Philippe deployant clasp. Accompanied by the original box, Certificate of Origin and booklet. To be sold without reserve

C. Two-body, polished, transparent screwed-down case back with cyclops lens over the escape wheel, curved bezel, correctors in the band, concave lugs, sapphire crystals. D. Brushed silver with applied black baton indexes and Arabic quarter-hour numerals, luminous dots, outer minute track, subsidiary dials for the days of the week, the months, aperture for the moon phases and the date at 6, powerreserve indication below 12. Luminous white gold feuille hands. M. Cal. 315/266, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 36 jewels, straight-line lever escapement, silicon escape wheel, the bridge with additional milled opening, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating free-sprung flat balance spring, 21K gold rotor with zirconium ball-bearings. Dial, movement and case signed, back crystal inscribed: ?Patek Philippe Advanced Research.? Diam. 39 mm. Thickness 12 mm.

Grading System:

USD 70,000 - 100,000

EUR 55,000 - 75,000

CHF 80,000 - 115,000

Sold: USD 138,000

LOT 299

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Pink Gold Ref. 5970 Patek Philippe, Genève, No. 3048713, case No. 4396387, Ref. 5970R. Made in 2006, sold June 7th, 2007. Very fine, astronomic, water-resistant, 18K pink gold wristwatch with square button chronograph, register, perpetual calendar, moon phases, tachometer and an 18K pink gold Patek Philippe deployant clasp. Accompanied by the original wooden box, Certificate of Origin, an additional solid pink gold case back, setting pin and booklets. To be sold without reserve

C. Three-body, solid, polished, concave bezel, curved and fluted lugs, transparent screwed-down case back, sapphire crystals. D. Matte silver with applied pink gold faceted baton indexes, subsidiary dials for the seconds and the 24 hours, the 30-minute register and the leap year, graduation for the days of the month, minute/seconds track and tachometer scale, outer 1/5th seconds track, apertures for the days of the week, the months and the moon phases. Pink gold feuille hands. M. Cal. 27-70/155, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 24 jewels, straight-line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 8 positions, shock-absorber, self-compensating free-sprung Breguet balance spring. Dial, case and movement signed. Diam. 40 mm. Thickness 13 mm.

Grading System:

USD 100,000 - 120,000

EUR 75,000 - 90,000

CHF 115,000 - 135,000

Sold: USD 132,000

LOT 300

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Yellow Gold Ref. 5013 Patek Philippe, Genève, No. 1908007, case No. 2928478, Ref. 5013. Made in 1992, sold March 16th, 1993. Very fine and important, tonneau-shaped, minute-repeating, astronomic, self-winding, 18K yellow gold wristwatch with perpetual calendar and moon phases, retrograde date, leap year display and an 18K yellow gold Patek Philippe buckle. Accompanied by the original mahogany box, Certificate of Origin, Extract from the Archives, setting pin and instruction booklet.

C. Three-body, solid, polished, stepped bezel, concave and curved lugs, sapphire crystal. D. Matte silver with applied yellow gold Breguet numerals, outer minute track, subsidiary seconds dial, sector for the retrograde date, apertures for the day, month, leap year, and moon phases. Yellow gold Breguet hands. M. Cal. R 27 PS QR, stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 39 jewels, straight-line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, free-sprung self-compensating flat balance spring, 22K gold micro rotor, repeating on gongs by activating slide on the band. Dial, case and movement signed. Dim. 36 x 46 mm. Thickness 12 mm.

Grading System:

USD 280,000 - 340,000

EUR 210,000 - 255,000

CHF 320,000 - 400,000

LOT 301

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Steel Sport Wave Ebel, No. E9955K41, Ref. A005114. Made in the 2000s. Fine, water-resistant to 100 m, stainless steel quartz wristwatch with date and a stainless steel Ebel link bracelet with double deployant clasp. To be sold without reserve

C. Two-body, polished and brushed, case back with 8 screws, rounded bezel with 6 screws, protected winding crown, sapphire crystal. D. Pink with luminous Arabic numerals and indexes, outer minute/seconds track with 5-minute/seconds Arabic markers, aperture for the date at 6. Luminous steel dauphine hands. M. With quartz standardization. Dial, case and movement signed. Diam. 39 mm. Thickness 9 mm.

Grading System: A

USD 400 - 700

EUR 300 - 500

CHF 450 - 800

Sold: USD 240

LOT 302

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Steel & Gold Classic Wave Ebel, No. E1255F41, Ref. A075153. Made in the 2000s. Fine, water resistant to 50 m, stainless steel and yellow gold quartz wristwatch with date and a stainless steel Ebel link bracelet with double deployant clasp. To be sold without reserve

C. Two-body, polished and brushed, case back with 4 screws, rounded gold bezel with 5 screws, protected winding crown, sapphire crystal. D. Ivory-color with painted radial gold Roman numerals, outer minute/seconds track, aperture for the date. Yellow gold baton hands. M. With quartz standardization. Dial, case and movement signed. Diam. 37 mm. Thickness 7 mm.

Grading System: A

USD 500 - 1,000

EUR 400 - 750

CHF 600 - 1,100

Sold: USD 720

LOT 303

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Tag Heuer, Professional, Ref. WL 1113. Made circa 2004. Fine, water resistant to 200 m, stainless steel quartz wristwatch with center seconds, date and stainless steel Tag Heuer bracelet with deployant clasp. To be sold without reserve

C. Two-body, polished and brushed, screwed-down back and crown with protection, graduated unidirectional revolving bezel, sapphire crystal. D. Blue with applied luminous round indexes and Arabic quarter hour numerals, outer minute/ seconds track with 5-minute/seconds Arabic markers, aperture for the date. Luminous steel skeleton hands. M. With quartz standardization. Dial, case and movement signed. Diam. 37 mm. Thickness 11 mm.

Grading System: A

USD 500 - 1,000

EUR 400 - 750

CHF 600 - 1,100

Sold: USD 480

LOT 304

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Cockpit Breitling, Chronometer, Officially Certified, Automatic, 300 m / 1000 ft,? Ref. A49350. Made circa 2006. Fine, center seconds, self-winding, water-resistant, stainless steel wristwatch with large date and a stainless steel Breitling buckle. To be sold without reserve

C. Three-body, polished and brushed, unidirectional rotating graduated bezel with screw markers and quarter rider tabs, screwed-down case back and crown, concave lugs, sapphire crystal. D. Black with applied Roman XII and luminous steel baton indexes, outer minute/seconds track, double aperture for the date. Luminous steel baton hands. M. Cal. 49, rhodiumplated, fausses cotes decoration, 21 jewels, straight-line lever escapement, monometallic balance, shock absorber, selfcompensating flat balance spring, micrometer regulator. Dial, case and movement signed. Diam. 41 mm. Thickness 14 mm.

Grading System: AA

USD 1,000 - 1,500

EUR 750 - 1,100

CHF 1,100 - 1,700

Sold: USD 1,560

LOT 305

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Admiral?s Cup Marees 44 Corum, Certified Chronometer, Automatic, "Admiral's Cup Marees 44," Ref. 977.630.20. Made circa 2004. Fine and unusual, dodecagonal, center seconds, self-winding, water-resistant, stainless steel wristwatch with 42-hour power reserve, tide movement indication, date, moon phases and a stainless steel Corum link bracelet with deployant clasp.

C. Three-body, solid, polished and brushed, transparent case back with 8 screws, ridged sides, steel bezel with polychrome nautical flags and graduation, protected screwed-down winding-crown, sapphire crystals. D. Black with applied luminous indexes, subsidiary dials for the low and high tide indication and the tide strength, the date and the moon phases, cyclops aperture for the date. Luminous steel dauphine hands. M. Cal. 2892, rhodium-plated, 21 jewels, straight-line lever escapement, monometallic balance, shock absorber, self-compensating flat balance spring, rotor with multi-colored enamel inlay. Dial, case and movement signed. Diam. 44 mm. Thickness 15 mm.

Grading System: AA

USD 2,500 - 3,500

EUR 1,900 - 2,600

CHF 2,800 - 4,000

LOT 306

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Corum "Admiral's Cup," Ref. 99.430.31 V 585. Made in the 1990s. Fine, dodecagonal, center seconds, water-resistant, black anodized steel and 18K yellow gold quartz wristwatch with date and an integral black anodized steel and 18K yellow gold Corum link bracelet with double deployant clasp.

C. Three-body, polished and brushed, case back with 4 screws, fluted lugs, dodecagonal gold bezel, crystal with cyclops lens. D. Midnight blue with applied polychrome enameled maritime flags for the hours, aperture for the date at 6. Yellow gold baton hands. M. With quartz standardization. Dial, case and movement signed. Diam. 36 mm. Thickness 7 mm.

Grading System: A

USD 1,000 - 2,000

EUR 750 - 1,500

CHF 1,100 - 2,200

LOT 307

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Steel GMT Corum, Officially Certified Chronometer, Automatic, GMT, Ref. 983.201.20. Made circa 2007. Fine, center seconds, self-winding, water-resistant, two time zone, stainless steel wristwatch with 42-hour power reserve, world time bezel, 24-hour hand and date. To be sold without reserve

C. Three-body, solid, polished and brushed, transparent case back with 8 screws, ridged sides, revolving steel bezel bearing names of 24 world locations, the push-buttons are to independently set the hour hand in one hour increments for the second time zone, sapphire crystals. D. Guilloche midnight blue with applied steel indexes, subsidiary silver ring dial for the date, outer graduation in 24 hours for the second time zone, concentric multicolored polychrome enameled word map. Luminous steel baton hands, yellow arrow for the GMT time. M. Cal. 2892A2, rhodium-plated, 21 jewels, straight-line lever escapement, monometallic balance, shock absorber, self-compensating flat balance spring, rotor with enamel inlay. Dial, case and movement signed. Diam. 44 mm. Thickness 13 mm

Grading System: AA

USD 1,000 - 2,000

EUR 750 - 1,500

CHF 1,100 - 2,200

Sold: USD 1,320

LOT 308

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Bubble Boutique Corum, Limited Edition ?In God We Trust? No. 038, case No. 774869, Ref. 163.150.20. Made circa 2001. Fine and unusual, center seconds, water-resistant, curved, stainless steel quartz wristwatch with date, thick domed crystal creating a lens effect, and a stainless steel Corum double deployant clasp. To be sold without reserve

C. Two-body, shaped, polished and brushed, case back with 6 screws and engraved: ?In God We Trust? and the image of an eagle, concave lugs, domed anti-reflective sapphire crystal, screwed-down ball-shaped winding-crown with rubber ring. D. Black with applied steel stylized Arabic numerals and luminous round indexes, aperture for the date at 6, outer minute division, concentric picture of the American flag. Luminous stylized steel hands. M. With quartz standardization. Dial, case and movement signed. Diam. 45 mm. Thickness 19 mm.

Grading System: A

USD 1,000 - 2,000

EUR 750 - 1,500

CHF 1,100 - 2,200

Sold: USD 840

LOT 309

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Split - Chrono Berlin 1907 Ulysse Nardin, Le Locle, Suisse, "Split - Chrono Berlin 1907," No. 195, Ref. No. 575-22. Made in the late 1990s. Very fine, large, self-winding, water-resistant to 30 meters, stainless steel and 18K yellow gold wristwatch with round button split-seconds chronograph, registers, tachometer and a gold-plated Ulysse Nardin buckle. Accompanied by a fitted box, certificate and instruction manual.

C. Three-body, solid, polished, embossed case back secured by 5 screws and inscribed "Berlin 1907," rounded gold bezel, protected and screwed-down crown, stepped lugs, domed sapphire crystal. D. Guilloche silver with applied yellow gold baton indexes, off-center guilloché dial for the hours and minutes at 3, subsidiary mother-of-pearl dials for the seconds, the 12-hour and 30-minute registers, outer 1/5th seconds scale and tachometer graduation to 400 units. Blued steel baton hands. M. Cal. 13''', rhodium-plated, fausses cotes decoration, 27 jewels, straight-line lever escapement, monometallic balance, shock absorber, self-compensating flat balance spring, hack mechanism. Dial, case and movement signed. Diam. 40 mm. Thickness 13,5 mm.

Grading System: AAA

USD 2,000 - 4,000

EUR 1,500 - 3,000

CHF 2,300 - 4,600

Sold: USD 3,720

LOT 310

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Split - Chrono Berlin 1907 Ulysse Nardin, Le Locle, Suisse, "Split - Chrono Berlin 1907," No. 144, Ref. No. 575-22. Made in the late 1990s. Very fine, large, self-winding, water-resistant to 30 meters, stainless steel and 18K yellow gold wristwatch with round button split-seconds chronograph, registers, tachometer and a gold-plated Ulysse Nardin buckle. Accompanied by a certificate.

C. Three-body, solid, polished, embossed case back secured by 5 screws and inscribed "Berlin 1907," rounded gold bezel, protected and screwed-down crown, stepped lugs, domed sapphire crystal. D. Guilloche black with applied yellow gold baton indexes, off-center guilloché dial for the hours and minutes at 3, subsidiary mother-of-pearl dials for the seconds, the 12-hour and 30-minute registers, outer 1/5th seconds scale and tachometer graduation to 400 units. Blued steel baton hands. M. Cal. 13''', rhodium-plated, fausses cotes decoration, 27 jewels, straight-line lever escapement, monometallic balance, shock absorber, self-compensating flat balance spring, hack mechanism. Dial, case and movement signed. Diam. 40 mm. Thickness 13,5 mm.

Grading System: AAA

USD 2,000 - 4,000

EUR 1,500 - 3,000

CHF 2,300 - 4,600

Sold: USD 3,240

LOT 311

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Yellow Gold Ulysse Nardin, Chronograph, No. 534077, case No. 2365, Ref. 531-22. Made in the 1990s. Fine, 18K yellow gold wristwatch with date, square button chronograph, registers, phases of the moon and tachometer.

C. Three-body, solid, polished, concave bezel, straight lugs, transparent case back, sapphire crystals. D. Ivory color with applied yellow gold baton indexes, subsidiary guilloche dials for the date, the seconds, the 30-minute and 12-hour registers, outer tachometer graduation to 1000 UPH, aperture for the moon phases. Yellow gold alpha hands. M. Cal. 612, gilt brass, straight-line lever escapement, monometallic balance, shock absorber, self-compensating Breguet balance spring, micrometer regulator. Dial, case and movement signed. Diam. 39 mm. Thickness 12 mm.

Grading System: AA

USD 2,500 - 4,500

EUR 1,900 - 3,400

CHF 2,800 - 5,100

Sold: USD 5,400

LOT 312

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

Parsifal Chronograph Automatic Raymond Weil, Genève. Ref.A257376, made in the 1990s. A stainless steel and gold plated water-resistant, self-winding, chronograph wristwatch with 30-minute and 12-hour registers, date display. To be sold without reserve

C. Two-body, polished, reverse secured by four screws, stepped bezel to gold-plated tachometer scale, cabochon-set crown and chronograph buttons, straight lugs, sapphire crystal. D. Textured white with Roman numerals and outer dot indexes, gold-rimmed subsidiary dials for seconds, 30-minute and 12-hour registers, date aperture. Black-coated luminous baton hands. M. Cal. 7750, rhodium-plated 17 jewel movement with lever escapement, shock protection, index regulator and selfcompensating flat balance spring. Dial, case and movement signed. Diam. 38 mm.

Grading System: AA

USD 700 - 900

EUR 550 - 700

CHF 800 - 1,000

Sold: USD 480

LOT 313

Important Collectors' Wristwatches, P... New York, Jun 11, 2009

White Gold Sonata Cathedral Dual Time Ulysse Nardin, Le Locle, Suisse, "Sonata Cathedral Dual Time," No. 984, Ref. 660-88. Made circa 2004. Production of this reference started in 2003. Very fine, rare and unusual, center seconds, self-winding, water-resistant, two time zone, 18K white gold wristwatch with 24-hour alarm function, alarm countdown, large date and an 18K white gold Ulysse Nardin deployant clasp. Accompanied by a fitted box, International warranty and after-sales booklet and instruction manual. To be sold without reserve

C. Three-body, solid, polished, fluted lugs, protected blue enamel crown, case back with 6 screws, embossed with the "Sonata? logo, pushbutton at 4 to adjust the hour hand backward and at 8 to adjust it forward. D. Bicolor silver and blue, partial vertical fausses cotes decoration and partial plain sector, outermost applied faceted white gold dart indexes, subsidiary dials for the 24-hour alarm countdown, the alarm setting, the 24-hour second time zone, apertures for the large 2-digit date and the alarm?s centrifugal governor under a blued steel bridge. Blued steel fancy hands with luminous tips, red hand to switch the alarm function on or off. M. Cal. UN-67, rhodium-plated, fausses cotes decoration, 109 jewels, straight-line lever escapement, monometallic balance, shock absorber, selfcompensating flat balance spring, alarm repeating on gong, automatic adjustment of alarm function and alarm countdown when a time zone is changed, special patented mechanism to adjust the hour hand backward and forward. Dial, case and movement signed. Diam. 42 mm. Thickness 13 mm.

Grading System:

USD 25,000 - 30,000

EUR 20,000 - 23,000

CHF 30,000 - 35,000

Sold: USD 31,200