Hello All, Recently I had the pleasure of having GTGs with Thomas Perazzi (Head of Watches in Asia for Phillips and an auctioneer) and learned

Nov 11, 2022,17:01 PM
 




about how he became a successful watch auctioneer and his horological journey.



A dapper auctioneer



His De Bethune looks great, especially the blue hands šŸ™Œ!

Thomas is a regular fixture for auctions by Phillips in Hong Kong, and his passion for watches radiates strongly.  Our connection is serendipitous because the introduction came from his jewellery team colleague whom I met via my childrenā€™s play date which I originally did not need to attend.  Thomas is a fashionable Italian gentleman who is well groomed.  He much appreciates his expresso, fine clothing and watches (what else should be included that he did not reveal ?? šŸ˜‰).

When he was 7 years old he started loving watches wanted a Swatch instead of toy for his birthday present.  Do you know or have a child that behaves this way ?   Is this normal behaviour ?šŸ¤Ŗ  Well, during university days, Thomas asked his dad for gas money so that he could drive from Italy to Baselworld to attend the fair on his own.  Would you do the same as a university student ?  Something is great/wrong here and he is really fixated on anything horology !

To get a job in the watch industry after university, he had to promise his father that he needed several months to pursue his dream and if he was not successful, he would find a ā€œrealā€ job.  Thomas  thought outside the box by making an appointment with Osvaldo Patrizzi, the founder of Antiquorum, by saying that he wanted to sell his grandfatherā€™s watch.  During the meeting, Thomas revealed his true intention and Signore Patrizzi was of course most surprised, but very impressed.  Eventually he got hired and started working on researching and writing the catalogues for auctions !  One day, he was told by his boss that since he knew so much about watches, he should become an auctioneer.  After his first lot, he was hooked and the rest was history.


Noteworthy Patek pieces he auctioned off included 1) a unique Patek pocket watch (from 1894) which Philippe Stern had to go see for himself and ended up buying it for CFH 2mn (original auction high end estimate of CFH 245k) to put in the museum, and 2) the Patek 2497, which is a unique piece made for the Ethiopian Emperor and had an estimate of US$500k but sold for US$3mn !  Due to his extensive research into these pieces, he was able explain the stories and provenance to excite the buyers during the auctions to get top prices.












His personal watch collection includes a very meaningful Tissot chronograph from his grandfather and this piece eventually was passed from his father to him.  Thomasā€™s son will eventually inherit this beauty as well. 


Which one ā˜ļø is your favorite ?





The back of his grandfatherā€™s watch

Thomas was frank about his working relationship with Aurel Bacs.  He learns from Aurel and Aurelā€™s presence pushes him to the next level.  A positive spiral effect donā€™t you think ?  They take turns as auctioneers in Hong Kong on different lots.  How do they decide who to auction off which lots ?  Answer is that when Thomasā€™s collector clients want him to help bid on certain lots, he will let Aurel be the auctioneer for these lots.  Fortunately I am not at the level that requires Thomasā€™s help, otherwise I would have not body parts left.

What do you think of Thomasā€™s horological journey ?  What is an appropriate nick name for such a dashing auctioneer ?  Perhaps the ā€œGQ Auctioneerā€ ? šŸ˜‡




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I know the place where you met :)

 
 By: Esharp : November 12th, 2022-01:31
Their hainan chicken rice is the best Iā€™ve foundā€¦anywhere. Pretty cool story - thanks Gordon - great to hear that this very dangerous man (can say from experience) has the bug too, just like his victims (as I sayā€¦dangerous!). Thanks for sharing and in par... 

Hi E, nothing gets

 
 By: GLau : November 12th, 2022-12:01
passed your sharp eyes and knowledge of Hong Kong šŸ‡­šŸ‡°! GTG before Christmas sounds great. I will text you separately.

You are welcome and

 
 By: GLau : November 12th, 2022-12:01
glad you liked the story šŸ˜ƒ

Gordon, as always an excellent report on a matter of horological interest. Thomas Perazzi is a true gentlemen, a pleasure to converse with and an excellent

 
 By: patekova : November 12th, 2022-13:39
auctioneer. Thanks for giving a peak into the life of an auctioneer, a topic not often discussed here or elsewhere. Best, Patekova

Thank you Patekova for your kind comments !

 
 By: GLau : November 14th, 2022-01:01
Glad that you enjoyed the read and it was also interesting for me to learn more about the passion required for being a watch auctioneer.

Dear Gordon, Thanks for your sharing.

 
 By: joenghenry : November 14th, 2022-17:04
It's great to know the watch collecting journey of an enthusiast/ auctioneer. Phillips preview is my favourite occasion to see and handle various museum grade time pieces! Best, Henry

Hi Henry, thanks for your comments and hope

 
 By: GLau : November 15th, 2022-14:19
you will have a fun upcoming visit to the Phillips preview and get a chance to talk to Thomas

I don't know the man... But I wonder how he'd respond to Amanico's situation.

 
 By: patrick_y : November 15th, 2022-16:47
I don't know the man... I'm sure he's a delightful man in a social setting. Just about everyone in the auction business is "nice" in social settings. But it's when things get ugly when people's true character is revealed. I've had my dealings with auction...