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Breaking News: F.P. Journe Buys Breguet Sympathique No. 1
In a surprising turn of events, the Breguet Sympathique no. 1 has been acquired by its primary creator, Francois-Paul Journe, for the princely sum of CHF5.51 million including fees (equivalent to US$6.61 million). Notably, Sympathique no. 1 sold for almost as much as the Sympathique made for the Duc d’Orléans. Completed in 1991 for the Art of Breguet thematic auction, the clock was completed in 1991 by Techniques Horlogères Appliquées (THA), a complications workshop founded by Mr Journe, who also recruited Denis Flageollet and clockmaker Dominic Mouret. And now it will soon become one of the key exhibits in the upcoming F.P. Journe Museum, which will be located near its manufacture in downtown Geneva. Determined bidding The impressive result for the clock exceeded most expectations, including mine. I had expected a result in the region of CHF2.5 million. And in a bit of intrigue before the auction, F.P. Journe sent out an announcement to its clients before the auction stating that it would not repair or service Sympathique no. 1; the buyer of the clock would have to go to Breguet. Getting to the hammer price was not difficult, illustrating the strength of the F.P. Journe name today. While there were a handful of bidders under the million-franc mark, it was eventually down to a gentleman in the room and Mr Journe himself. Past the CHF2 million mark it then turned into a contest between a phone bidder represented by Alex Ghotbi and Mr Journe. Bidding proceeded at a stea...
