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Highlights: Patek Philippe and Rolex at Sotheby’s Hong Kong Auction SJX Watches
Patek Philippe Apr 23, 2022

Highlights: Patek Philippe and Rolex at Sotheby’s Hong Kong Auction

Sotheby’s is kicking off the spring season of the year’s watch auctions with two consecutive sales in Hong Kong that take place in a week’s time. The first is an evening sale of a single-owner collection of exceptional vintage Patek Philippe watches. And it will be followed by Important Watches I, which includes several good examples of independent watchmaking. Though the single-owner sale has most of the significant vintage Patek Philippe watches offered by Sotheby’s, it doesn’t encompass all of them. One of the major lots is a Patek Philippe ref. 2524 minute repeating wristwatch. We take a look at that along with several other highlights from Important Watches I, both vintage and modern, including an arguably underrated complicated (and bejewelled) watch for men by Van Cleef & Arpels (VC&A;). Important Watches I starts at 2:00 pm (GMT +8) on April 26, 2022. Registration for bidding and the full catalogue can be accessed here. The VC&A; Midnight Poetic Wish Lot 2144: Rolex Daytona ref. 16523 “Floating” signed “Tiffany & Co.” The most desirable Rolex Daytonas are typically steel, with the two-tone versions often being the most affordable, perhaps because the two-tone look is generally less sought after regardless of brand. But this steel-and-gold ref. 16523 is notable enough that it was included in Daytona Perpetual, the reference tome covering many rare and unusual variants of the model published by Italian Rolex specialist Pucci Papaleo. The key fe...

Auction Watch: “New Old Stock” Rolex Milgauss Ref. 1019 and F.P. Journe Octa Chrono 38 mm SJX Watches
F.P. Journe Octa Chrono 38 mm Feb 1, 2022

Auction Watch: “New Old Stock” Rolex Milgauss Ref. 1019 and F.P. Journe Octa Chrono 38 mm

A newcomer to the world of watch auctions, Loupe This was founded by a pair of industry veterans and operates in a distinctly 21st century manner: sales are conducted entirely online, with about ten watches on the block at any one time. The offerings on Loupe This are diverse. In December 2021 it sold an example of our Habring2 Erwin “Star” for US$15,400 including fees, while the latest to go under the hammer are two interesting, long-discontinued watches from notable watchmakers based in Geneva – but otherwise radically different. One is the a Rolex Milgauss ref. 1019 – in pristine, “new old stock” condition – and the other, an F.P. Journe Octa Chronographe 38 mm. Rolex Milgauss ref. 1019 Produced from 1960 to 1988, the ref. 1019 was the longest-running reference of the Milgauss, the brand’s famous magnetism-resistant watch conceived for engineers and nuclear scientists. Despite the lengthy production run, the ref. 1019 is relatively rare because the model wasn’t produced in sizeable numbers for the simple reason that it didn’t sell well. In fact, Rolex discontinued the Milgauss altogether in 1988, before reviving it some two decades later. While the rarity certainly boosts its appeal, the ref. 1019 is attractive and unusual for being one of the most fuss-free Rolex “Professional” sports watch. The ref. 1019 is also the simplest version of the Milgauss, doing without the rotating bezel or “lightning” seconds hand found on earlier models. It ...