Hodinkee
Auctions: Previewing Marteau’s ‘Encore’ And Antiquorum’s Return To New York, Both This Month
The fall auction season is already upon us. Or, I guess you could say, it's been here since the strong showing by Sotheby's in Hong Kong—though that technically ended right before the official start of fall. The Cartier Cheich in white gold (which traded hands among dealers and collectors for a few years at far less than that) sold for $3.4 million, setting a record as the most expensive Cartier and most expensive quartz watch ever sold. Weeks later, if you asked me what this means for the market, I'd probably stare at you blankly. Ben would probably do the same, as he's said on the site that it's just hard to make sense of prices both at retail and at auction anymore. Let's chat about that all first. What The Heck Is Going On With The Market? As we head into the bulk of the auctions, I currently feel far less confident telling you where prices will land. I think most prognosticators—myself included—would say that we have to be nearing the height of the bubble for F.P. Journe and A. Lange & Söhne. But then again, over breakfast the other day, a friend asked if I knew someone who'd want a very historically important watch from a more traditional brand that went underpriced nearly 10 years ago and now was available for double that—into the seven figures. Some things (like that very vague story, probably) make sense; some can leave you scratching your head. European Watch Co. has this Tourbillon Pour le Mérite listed for $1,100,000 right now. There was an interestin...
