Auctions: Monaco Legend Group's Fall Auction Is A Return To The Classics
We're back in the saddle again, riding the bucking bronco that is the auction market. But as a salve to the wounds of the usual suspects of whatever the market is hyped on these days, today we're looking at the Monaco Legend Auction catalog, which takes place October 31 and November 1 in—you guessed it—Monaco. I won't be there this time (though I am hoping to return in the future), but here's my view from afar. I haven't seen any watches in person, so I won't go into depth on quality—do your own research—but hopefully this gives you a jumping-off point. The Top Lots Lot 50, Rolex ref. 6062, with an estimate of €1,000,000 to €2,000,000 As I like to do, I feel like I have to acknowledge some of the top lots. The auction feels more like a return to Monaco Legend's older catalog, where much of it is super rare, but it's not the loud, flashy stuff you'd find elsewhere. But to have your top watch be a very, very clean Rolex ref. 6062 in steel, carrying an estimate of €1,000,000 to €2,000,000, is a massive flex. The watch comes from the collection of Auro Montanari and, frankly, the estimate may be a bit conservative. Watches like this, especially in this condition, are rare, and the buyer pool is also thin. The watch could go for triple the low estimate without surprising me, as long as the right buyers don't already have one. Lot 208, Audemars Piguet Triple Calendar Moon Phase, estimate € 200,000 – 400,000. Lot 181, Patek Philippe ref. 3974, estimate € ...
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