Two Broke Watch Snobs
The Most Expensive Watches Ever | Where Rarity and Luxury Meet
Explore the most expensive watches in history - everything from record-shattering auctions to modern watches that push the limits!
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Two Broke Watch Snobs
Explore the most expensive watches in history - everything from record-shattering auctions to modern watches that push the limits!
Time+Tide
Charity auctions can often be some of the watch world’s most exciting events, as brands stretch their creativity for one-off watches that are instantly collectible. Audemars Piguet certainly delivered at the La Cuvée One Drop 2022 event with their Royal Oak Selfwinding Chronograph “One Drop” raising US$1.1m. Hosted in Las Vegas, the proceeds go towards … ContinuedThe post Audemars Piguet raise $1.1m for charity with the Royal Oak “One Drop” appeared first on Time+Tide Watches.
William Massena is one of the few men in this industry that has seen many sides of watches – from journalism, to retail, to consulting, to auctions – and his influence on watches is tough to overstate.
SJX Watches
With the fall auction season about to begin, Phillips will soon open its preview exhibition in Singapore, the largest of its kind to date. The exhibition is an expansive assembly of 210 watches encompassing highlights from the Geneva, Hong Kong, and New York auctions. Amongst the watches on show are a few of the most important watches that will be sold this year, a few of which will undoubtedly set records when they go under the hammer. Independent watchmaking is strong represented with watches like the George Daniels Spring Case Tourbillon, not one but two examples of the Philippe Dufour Simplicity, and of course several early or limited edition F.P. Journe watches. The Simplicity from the Geneva auction, a recent example in white gold made after the first 200 pieces And from the Hong Kong auction, a Simplicity also in white gold but from the original 200-piece edition The selection from establishment brands is equally varied and impressive. It includes Geneva’s Lange 1815 Chronograph “Hampton Court Edition”, a one-off made to benefit charity, and from the Hong Kong sale a crisp first-series Patek Philippe ref. 2499 in yellow gold. The engraved, hinged back of the 1815 Chronograph “Hampton Court” The first series ref. 2499 The preview exhibition in Singapore takes place at the St. Regis Singapore from October 13-15. It’s open to the public from 11:00 am to 7:00 pm daily. The St. Regis Singapore 29 Tanglin Rd Singapore 247911 This was brought to you in partner...
Quill & Pad
Oh, those Geneva auctions! While GaryG's intention is usually to browse the rare pieces on offer, gain an education from his auction-house friends and escape unscathed, it seems that more often than not there is a piece that puts him into bidding mode. And sometimes that piece is entirely unanticipated as was the case of the Vacheron & Constantin Reference 4560 triple calendar that he stumbled across at a Sotheby’s preview. Here is why he bought it.
Time+Tide
EDITOR’S NOTE: Jeff Hess is one of the world authorities on Rolex. As CEO of Duber Time and owner of Old Northeast Jewellers and Hess Fine Auctions, he’s bought vintage Rolex for almost 40 years and is the co-author of Rolex Wristwatches: An Unauthorized History (Schiffer Publishing). Here he explains some of the most common pitfalls you’ll face … ContinuedThe post The biggest mistakes you can make when buying vintage Rolex (and how to avoid them) appeared first on Time+Tide Watches.
Time+Tide
Snobbery is an unfortunate element, at times, within the watch community. Fortunately, there are many moments where #watchfam comes together - charity auctions for Ukraine and breast cancer are just a few examples. But on social media, where much of the dialogue surrounding watches happens these days, sometimes you need to bring a riot shield to … ContinuedThe post To exhibit, or not exhibit, quartz movements? Your answers to the question appeared first on Time+Tide Watches.
SJX Watches
A distinctive gentleman whose trademark outfit always called for multiple scarves looped around his neck, Giovanni Zavota was one of the old-school Italian dealers who shaped vintage watch collecting of the late 20th century, having sold some of the most important wristwatches – amongst them a steel ref. 1518 and the platinum ref. 2499. He passed away on 15 January, aged 69. I would see him each time I went to Geneva for the auctions and he was clearly an original character. He was most comfortable conversing in Italian, which I speak none of, so we only spoke briefly a few times. But one occasion that stands out in my memory is when I encountered him in Italy and he was wearing a Patek Philippe ref. 2481 with a cloisonné dial – and a matching bracelet – on one wrist, and on the other he had on a crisp and enormous Longines Lindbergh. Two watches of different style and disparate value, yet each interesting and important in its own way – a sure sign the man had good taste and understood historical significance. Giovanni Zavota. Photo – Auro Montanari A testament to his place in the world of vintage watches – specifically the pre-internet world – was the turnout at his funeral, which took place on January 18 in Collecchio, a small town just south of Parma where he had spent his summers as a boy. Almost a hundred people turned up, including family and old friends, but also a large contingent that exemplified the Italian-centric, late-20th century world of vinta...
SJX Watches
Independent watchmaking may be the flavour du jour at auctions now, but there are still vintage watches worth paying attention to. Phillips’ upcoming Hong Kong sale includes three of them, including an impressively crisp Rolex Daytona “John Player Special” (above) as well as the unique Patek Philippe ref. 3448 in platinum with sapphire hour markers – both of which will be million-dollar watches in US dollar terms (or ten-million dollars in Hong Kong currency). The last watch of the trio, a 1930s Tank Cintree in white gold, is the most elegant. And its seemingly new condition merits reflection: what is a skilfully and sympathetically restored watch worth? The Hong Kong Watch Auction: XIII takes place on November 25 (for lots 801-852) and November 26 (lots 853-1106). The full catalogue and registration for bidding are available on Phillips.com. Lot 819 – Rolex Daytona ref. 6241 “JPS” With the market for vintage sports watches having plateaued since it peaked in 2018 and 2019, prices have mostly softened across the board. That said, a handful of models still achieve impressive prices, most notably the Rolex Daytona “John Player Special”, or “JPS” for short. That’s because the solid-gold, manual-wind Daytona is an intrinsically rare watch – it is estimated that a few hundred exist as opposed to thousands in steel – and even less common with the “JPS” dial. Perhaps the most striking version of the “Paul Newman” Daytona, the “JPS” nickna...
Time+Tide
Luxury watches can command exorbitant price tags at charity auctions and when piece uniques are on the table, the bidding wars inevitably heat up. We saw this recently during the Pink Dial Project auction, which Time+Tide was proud to be a partner of, and the trend continued at Only Watch, one of the largest recurring … ContinuedThe post Audemars Piguet, FPJ, H. Moser & Cie, and Zenith achieve record breaking results at Only Watch 2021 appeared first on Time+Tide Watches.
SJX Watches
Having just concluded, Monterey Car Week was a series of shows and auctions, concluding with the Pebble Beach Concours d’Elegance. The week was the venue for Porsche 911 specialist Singer Vehicle Design to exhibit the DLS for the first time in the United States. Launched in 2018, the DLS is a Porsche 964 that’s been entirely remade to be ultra-light and ultra-aerodynamic. To go along with the car, Singer Reimagined rolled out the Track 1 DLS Edition. It’s a new take on Singer’s trademark central chronograph, reimagined to be, well, ultra-light, while retaining its recognisable case design and thoroughly original Agenhor movement. Initial thoughts Because it combines a distinct, retro design along with a truly ingenious movement, I like the Track 1 (and I own another version of the watch). The DLS is essentially a condensed version of the same thing – and it’s cool. The aesthetic is pared-back just enough, while the composite case is an interesting novelty. Though the material is common in watchmaking, it’s a first for Singer. The only shortcoming I can uncover is a philosophical one: the DLS Edition echoes its namesake automobile with lightweight materials, but unlike the car, it doesn’t make any functional changes. The movement is identical to that of the standard model, but it is admittedly an excellent and innovative movement. Still, all that’s a moot point given that the watch is only available to owners of the car, of which there will be just 75. ...
Quill & Pad
Oh, those Geneva auctions! While GaryG's intention is usually to browse the rare pieces on offer, gain an education from his auction-house friends and escape unscathed, it seems that more often than not there is a piece that puts him into bidding mode. And sometimes that piece is entirely unanticipated as was the case of the Vacheron & Constantin Reference 4560 triple calendar that he stumbled across at a Sotheby’s preview. Here is why he bought it.
Quill & Pad
Sit back and enjoy as Quill & Pad resident collector GaryG and Alexandre Ghotbi, director of the Philipps Auctions watch department for Europe and the Middle East, and A. Lange & Söhne CEO Wilhelm Schmid talk about watch collecting with Dr. Carl Naughton in this engaging video.
SJX Watches
Christie’s Education, the learning division of the auction house, has just launched Behind the Curtain: Watchmaking Houses, a series of virtual classes catered to beginner enthusiasts that profile the most important watch brands – essentially the names that are typically the most sought after at watch auctions. Conducted by Geneva-based watch expert Antoine Géraud, the weekly courses cover the history, important watches, and key personalities at Patek Phillipe, Rolex, Audemars Piguet, Breguet, Vacheron Constantin, and Cartier. Each lecture is 75 minutes, and recordings of each session will be available for seven days after the class should participants wish to revisit. The programme is essentially a crash course, making it ideal for beginners who want to learn more about key brands. And the length of the lectures seems ideal – punchy and brief, but enough to convey the necessary knowledge. The Patek Philippe ref. 5101P 10 Day Tourbillon Alongside the watch history classes is a separate programme covering the biggest names in jewellery, taught by historian Vanessa Cron. Just like the watch classes, these will go into the stories behind names like Van Cleef & Arpels, Tiffany & Co., Bulgari, and Cartier. With jewellers often being watchmakers as well, burgeoning watch enthusiasts might find the jewellery classes useful too. An Audemars Piguet Grand Complication pocket watch that sold at Christie’s in 2019 The price of a single class is HK$1,200, or about US$150. The ...
Time+Tide
The tide seems to be shifting in the auction world towards scarcity and craftsmanship, rather than scratched-up provenance and movie-star affiliations. We could see results of this theory already in our story on the latest Antiquorum auction here. In Monaco, the auction darlings of the last five years, steel sports Rolex, did OK, whereas the … ContinuedThe post Recommended Reading: Dufour and Journe are basically the Patek and Rolex of the Indies, and they are on a tear appeared first on Time+Tide Watches.
Quill & Pad
Following part one and two of this series of auctions, the third in this four-part series by Sotheby’s called Masterworks of Time is entitled "Abraham-Louis Breguet, Horologist Extraordinaire." Extraordinarily, this auction comprising only pocket watches by Breguet and other masters will take place online, beginning on June 3, 2020 at 4:00 pm CET.
SJX Watches
The Patek Philippe Grandmaster Chime ref. 6300A made for Only Watch 2019 has just made history by selling for 31m Swiss francs – selling to a new face at watch auctions – topping the 23m francs achieved by the Henry Graves Supercomplication and the 17m francs of Paul Newman’s “Paul Newman” Daytona. Before the Grandmaster Chime sold for the record-setting sum, I wrote: A major, outsized finish of 12m or 15m francs, or even more, is possible but only likely if an unexpected, deep-pocketed bidder buys the watch, or manages to push the winner further than expected. I was way off the mark value-wise, but at least half right. The bidding opened with room bids, first a 5m franc bid from gem dealer and auction veteran Claude Sfeir, followed by 10m francs from a prominent SE Asian collector. But the action swiftly moved to phone bidders, all bidding via Christie’s representatives, including Stéphane Von Bueren of the watch department in Geneva. It was a prolonged tussle – with bidding rising in 500,000 franc increments – between Mr Von Bueren’s client and another represented by Wei-Ting Jud of Christie’s London. Once bidding hit 17m francs, there was brief applause as the watch topped the record of Paul Newman’s Rolex Daytona. At 22.5m francs, a new bidder jumped in, represented by Max Fawcett of Christie’s Geneva. From there it was Mr Fawcett against Ms Jud – and another round of applause when the watch surpassed the record set by the Graves Supercompli...
Quill & Pad
Going on the results of the past auctions, Elizabeth Doerr picks a few clear top contenders for the 2019 Only Watch auction, starting with that unique-piece Patek Philippe Grandmaster Chime in stainless steel.
SJX Watches
Best known as a watch auctioneer par excellence, Phillips recently established Perpetual, a watch store inside its London showroom on Berkeley Square. A permanent showroom offering watches year-round, Perpetual was conceived to offer clients something to buy in-between the twice-yearly watch auctions. Perpetual comes a few months after the successful pop-up store that took place in March, where a Philippe Dufour Simplicity was purchased by Jean-Claude Biver, the legendary watch entrepreneur who’s now the non-executive chairman of the LVMH watch division. The watch department in London, led by financier-turned-watch-specialist James Marks, is the first outpost of Phillips to have a permanent store. “I believe that auction houses cannot apply the same business model to every geographical location,” explains Mr Marks, “and rather than rely on traditional seasons we need to be proactive with clients year round.” Perpetual officially opens on Wednesday, September 4, with a cocktail party and panel discussion. The panel is made of two industry luminaries – Mr Biver and Phillips’ auction chief Aurel Bacs – and myself. To RSVP for the panel discussion, register online with Phillips. The highlights The inaugural offering at Perpetual is diverse, encompassing both vintage and modern watches. Being a personal favourite of Mr Marks, Rolex “Zenith” Daytonas are well represented, but the line-up also includes a selection of choice examples of independent watchm...
SJX Watches
As has become a tradition for Singapore children’s charity Kidz Horizon Appeal, its annual fundraising dinner will include an auction of one of a kind watches created especially for the event. Past auctions included timepieces by Audemars Piguet, Greubel Forsey, Vacheron Constantin and Voutilainen. This year’s line-up is made up of three watches from Roger Dubuis, Franck Muller, and Louis Moinet, the proceeds from which will go to the charity that funds medical treatment for children from poor families. Inspired by the colours of the Greek island, the Franck Muller Vanguard Mykonos (also pictured above) is the first watch from a limited edition of 28 made for the brand’s retailer Sincere Watch, which donated the watch to Kidz Horizon. It’s a variant of Frank Muller’s popular sports watch, with a polished steel case that has an integrated strap and a white resin insert running lengthwise along its side. Inside is the FM 0800, an automatic ETA movement. Vanguard Mykonos Commissioned by an anonymous donor, Roger Dubuis put together the Excalibur Huracàn “Kidz Horizon”, based on the wristwatch inspired by Lamborghini’s V10 coupe. Ordinarily available only with a titanium case, the Kidz Horizon edition has a case made from a combination of lightweight materials: titanium for the bezel and back, and a skeletonised case middle in C-SMC carbon – the same carbon composite used in the Huracan. The red accents on the dial and bezel are also unique to ...
Time+Tide
Much has been written about the growth of the pre-owned watch market in recent years, but just how long has this been happening, and will watches hold their value during a recession? With consecutive seasons of watch auctions breaking all-time records, luxury conglomerate Richemont spending an estimated €200m to acquire second-hand dealer Watchfinder & Co … ContinuedThe post RECOMMENDED READING: Do watches hold their value during a downturn? appeared first on Time+Tide Watches.
Time+Tide
The eighth edition of Only Watch is underway, with the release of the unique pieces offered by the 50 brand partners. After raising 40 million Swiss francs in the last seven editions, Only Watch is one of the most important charity auctions on the calendar, with Only Watch raising money for research into muscular dystrophy. … ContinuedThe post LIST: Our favourite watches of Only Watch 2019 appeared first on Time+Tide Watches.
Revolution HK speaks with Tim Bourne of auctioneer Bonhams about watch collecting and his vision for reviving watch auctions at Bonhams.
Time+Tide
Auctions can be funny things. Most of the time the coverage around watch auctions tends towards the record-breaking headlines – the most expensive this, that or the other. But sometimes, thanks to the fact that auctions tend to be a crystallisation of market forces, you can find a hidden gem. Which might just be what … ContinuedThe post NEWS: If you’ve ever wanted to buy a gold tourbillon for $3000 you might just be in luck appeared first on Time+Tide Watches.
Time+Tide
By now, you’ve seen the news everywhere. Phillips auctions touting their upcoming sale with headlines like “Phillips to Sell Steve McQueen’s Rolex Submariner”, and lines that read as “a historically important and previously unknown Rolex Submariner owned and worn by Steve McQueen.” (copied directly from the Phillips Auctions website at time of writing). As soon … ContinuedThe post OPINION: The “McQueen” Submariner: What we really know, what we don’t, and what actually matters appeared first on Time+Tide Watches.
Time+Tide
It’s no secret that the vintage watch market is booming. Take a peek at recent results from the big watch auctions by the likes of Phillips and Christie’s and you’ll see that prices are on the rise. Great news for those who have collections that are more akin to a retirement nest egg. But for … ContinuedThe post LIST: Follow the two-tone yellow gold road to find some great value vintage watches appeared first on Time+Tide Watches.
Time+Tide
Last weekend we saw Geneva play host to a handful of watch auctions, with the likes of Christie’s, Phillips, and Sotheby’s descending on the city and dropping some hammers. As the dust settled, it yet again became clear that vintage Rolex reigns supreme, with the Daytona Ultimatum sale at Phillips selling all 32 of its lots, … ContinuedThe post OPINION: Sky-high Rolex prices are the best thing to happen to vintage and modern Omega since Bond appeared first on Time+Tide Watches.
A rare Panerai watch worn by the German frogman found at the Fellows Auctions “The Watch Sales” catalogues, to be held on January 30th, 2018.
Revolution
An alternative view on auctions, prices, and the relevance of record-setting watch sales.
Deployant
The Opus project by Harry Winston features many watches with important horological features. I feature one of my favourite Opus projets, the Opus V, by Felix Baumgartner of Urwerk. Quite a superb piece. Photographed here during the Antiquorum preview in Singapore. The caseback
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