Rolex Submariner Date Yellow Gold Blue Cerachrom Diamond (116618lb-0002)

swisster.ch - November 12, 2010

Hillary's son and daughter obtain a legal injunction, saying the timepieces consigned by their stepmother for bids rightly belong to them, while the New Zealand government also expresses concerns.
A New Zealand court is blocking the planned auction in Geneva this Sunday of Rolex watches originally owned by the late legendary mountain climber Sir Edmund Hillary as members of his family feud over who owns them.
Antiquorum has advertised several of the luxury timepieces consigned for sale by Lady June Hillary, widow and second wife of the late adventurer, who died in 2008.
But a high court from Hillary's native country granted an injunction this week at the request of lawyers acting on behalf of the climber's son Peter and daughter Sarah, who claim they own the watches.
In addition, the New Zealand government said it regards the watches of national cultural importance.
The injunction instructs Lady Hillary to ask Antiquorum to withdraw them from sale.
The auctioneer continued on Friday to include the watches in advertising for its weekend auctions on its website.
An Antiquorum representative could not be immediately reached for comment.
The collection is part of a group of 643 "important modern and vintage timepieces" to be sold under the hammer by Antiquorum during a two-day sale this weekend at the Mandarin Oriental Hotel.

One of them is a Rolex "Oyster Perpetual" chronometer dating from 1953 that was presented to Edmund Hillary in India after his descent from Mount Everest in honour of his achievement the same year.
At the age of 33, he and Sherpa mountaineer Tenzing Norgay became the first climbers known to have climbed the summit of the world's highest mountain.
Hillary subsequently wore the watch on a trans-Antarctic expedition from 1955 to 1958, the first overland crossing of Antarctica and the first expedition to reach the South Pole since British explorer Robert Scott in 1912.
"It has immense historic significance," Antiquroum says in its online catalogue, noting that the caseback is engraved "Sir E. Hillary".
The watch is valued at between 10,000 and 20,000 francs.
Another timepiece in the collection is an 18-carat yellow gold Rolex bought on May 29, 2003 by Hillary on the 50th anniversary of the day he reached the summit of Everest.
Its estimated value is between 8,000 and 10,000 francs.
Among the other Rolexes are ones bought by Hillary to commemorate the 20th anniversaries of the Everest climb and his attempted ascent of Himalayan peak Cho Oyu from the Nepal side in 1952.
The estimated value of the watches is not in the upper reaches often seen at Geneva auctions.
The headline watch in Antiquorum's weekend sale, for example, is a rare Patek Philippe "pink gold" wristwatch valued at between 800,000 and 1.2 million francs, and the auction house says it has sold 49 watches valued at more than a million francs.
But the New Zealand Ministry for Culture and Heritage said at least one of the Hillary watches has legal protection under the country's Legal Objects Act.
According to press reports from New Zealand the government wrote to Lady Hillary's lawyers on Friday to inform her of the watch's protected status.
Under the country's law, protected objects cannot by exported without the permission of the culture and heritage ministry.
However, its is not clear whether the injunction has any legal bearing in Switzerland.
It is possible that officials New Zealand government may have to contact Bern in order to intervene.
Hillary's son and daughter said their stepmother put the watches up for sale without asking them, according to a report from the New Zealand Press Association.
Peter Hillary said it was "very sad" he and his sister had had to take court action to stop Lady Hillary from going ahead with the sale, but it was the straw which had broken the camel's back.
"There have been a number of very significant items from the Ed Hillary collection that do belong to Sarah and I, that have been disposed of inappropriately," he said.
"I believe that it has been stopped for the time being and we are hopeful we can preserve these legacy items," Peter Hillary added.
"They, along with a lot of other items, are of great significance to this family and I would suggest in some respects to New Zealand, in terms of being important items from the Ed Hillary collection."
Neither Lady Hillary nor her lawyer were available to the press for comment.
June Hillary married the climber in 1989 after his first wife and one of his two daughters died in a plane crash in Nepal in 1975.