More than a third of the watches proposed on November 15th in Geneva were no older than 2005. A good opportunity to spot the ones that hold their value, and those with less staying power.
Close to 1,400 watches and clocks crossed the block over four days in Geneva, achieving CHF 54.6 million. Read on for everything you always wanted to know about the Geneva autumn sales but were afraid to ask.
The auction house sold a Patek Philippe Ref. 1518 in stainless steel for CHF 11 million. Two other examples went for CHF 1.47 million and CHF 598,000. The sale realised a total of CHF 27.5 million.
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Collectors take note: the " Naissance d’une Montre – Le Garde Temps " school watch by Greubel Forsey, Philippe Dufour and Michel Boulanger will come under the hammer at Christie's Hong Kong on May 30th.
Looking for the vintage watch of your dreams at a price you can afford? Just a few days ago, HH Journal ran its pick of the watches coming under the hammer at the Geneva auctions. So how did they fare?
Each spring and autumn, for one week the capital of Swiss watchmaking becomes the capital of auction sales. An unusually warm November sunshine welcomed bidders to the latest sessions. Phillips presided over two sales: the now famous Only Watch and Two. Antiquorum was also present, along with stalwarts Christie's and Sotheby's, the latter for its unique History of Swatch Design.
Presided for the first time by Aurel Bacs and in association with Phillips, no fewer than 44 one-off timepieces will be auctioned at Only Watch, in Geneva this coming November 7th.
Bacs is back. Now officiating for the newly established watch department of the Anglo-American auction house Phillips, Aurel Bacs purely and simply steamrollered the competition.
Excluding the Henry Graves Supercomplication, which went for an astounding CHF 23.2 million, this November's Geneva sales realised CHF 25.4 million with Patek Philippe alone. Antiquorum, Christie's and Sotheby's closed their autumn sessions on a total CHF 78.6 million.