During this weekend, the XI Watch Auction is taking place in Geneva, held by Phillips. There are 215 watches that should be easily sold. This event will be led by watch specialist Aurel Bacs, a senior consultant at Phillips.
At the auction, there will be some of the most popular and desired models on the market, most of the auction will consist of Rolex and Patek Philippe watches, but we can also find there other incredible brands like Audemars Piguet, A. Lange & Söhne, Vacheron Constantin, Cartier, Zenith, Omega, Blancpain and F.P. Journe.
At the time of writing this post, 108 Lots have already been sold and I must say that most Lot’s were sold above the estimated value, but three exceeded all expectations. We are talking about a Patek Philippe. Ref. 1518 of 1948, sold for CHF3,380,000, a beautiful perpetual rose gold calendar, chronograph wristwatch with pink dial and moon phases.
However, the biggest surprise of the day was an F.P. Journe Chronomètre à Resonance “Souscription” from 2000, sold for CHF 1,040,000, a value 6.5 times higher than the highest estimate, this watch is part of a rare limited edition of fewer than 20 pieces, a platinum and pink gold dual time wristwatch with double escapement.
The third winner is also an F.P. Journe, the Tourbillon Souverain “Souscription” from 1999, a rare platinum wristwatch with a tourbillon, numbered 14 of the 20 limited edition pieces, sold for CHF1,400,000.
To conclude this article, we decided to challenge ourselves and choose five of our favourite watches at auction, but we established some rules: first, do not repeat the brands, second, do not consider the price and the third and most important, wanting to use it a lot.
1 – Patek Philippe Nautilus Ref. 3700/1 from 1978, in white gold with the date and integrated bracelet. Despite the 42mm diameter, it is a very beautiful watch and one of the most desired models among watch lovers and we are there too. Sold by CHF740,000.
2 – Zenith El Primero Ref. SP 1301 from circa 1971, a wristwatch with automatic stainless-steel chronograph with the date and brown tropical register. The 37 mm diameter and the tropical dial make this watch an incredible vintage piece. Sold by CHF43,750.
3 – Rolex Explorer Ref. 1016 from 1983, an automatic stainless-steel wristwatch with central seconds and bracelet. The 36mm diameter makes it look incredible, the perfect watch size for many and is one of the most desired models in the Rolex community. Sold by CHF18,750.
4 – A. Lange and Söhne, a Lange 1 Zeitzone Ref. 116,025 from 2005, a very thin platinum double wristwatch, with the date, double day/night indication, power reserve indication and 42mm in diameter. As we cannot lose among the chosen ones, a watch full of complications. To date, this watch has not yet been put up for auction. Estimated value between CHF 20,000 and 40,000.
5 – Audemars Piguet Royal Oak Ref. 5402 from 1975, a rare stainless-steel wristwatch with an integrated bracelet, “tropical” cooper dial and 39mm in diameter. Like the “Nautilus” it is one of the most desired watches. To date, this watch has not yet been put up for auction. Estimated value between CHF40,000 and 80,000.
We will stop here and if there are new and substantial changes, we will update.
The auction just ended and as we predicted all the Lot’s were sold, an amazing work performed by Aurel Bacs. Today we have to point out two more Lot’s sold, first, a Patek Philippe Ref. 2499 from 1957, a very rare yellow gold perpetual calendar chronograph wristwatch with moon phases and 37.5mm diameter. Sold by CHF2,600,000.
Second, another Patek Philippe, this one Ref. 1579 from 1946, a rare platinum chronograph wristwatch with blue hard enamel graphics and spider lugs, with 36mm of diameter. Sold by CHF1,940,000.
Credits by Phillips.