SJX Watches
F.P. Journe Tourbillon is the Most Expensive Watch by an Independent
The first wristwatch ever sold by François-Paul Journe is now the most expensive timepiece made by an independent watchmaker: the F.P. Journe Tourbillon à Remontoir d’Egalité “15/93” just sold for CHF7.32 million (equivalent to US$8.36 million), including fees, at Phillips in Geneva. Delivered in 1993 to an astute Parisian collector, the watch was the second wristwatch ever made by Mr Journe. He retained possession of the first wristwatch, which now resides in his museum. As far as François-Paul Journe is an important watchmaker, Tourbillon “15/93” is an important watch – a fact proven by the hefty price. Despite the headline number, the bidding for Tourbillon “15/93” was unexpectedly truncated. As soon as auctioneer Aurel Bacs opened the bidding at a mere CHF1 million, Paul Boutros shouted a CHF5 million bid, causing a stir in the room. Mr Boutros, the watch department chief for the Americas, was bidding on behalf of a client on the phone who is perhaps the world’s biggest F.P. Journe collector. The huge opening bid quickly eliminated all other bidders – there were a half dozen other phone bidders – save for one gentleman in the room who has good taste and an impressive collection of independent watchmaking. The gentleman in the room made two more bids but bowed out (though he did win another notable timepiece during the sale), leaving Mr Boutros’ client to walk away with the watch for CHF6 million hammer, which is CHF7.32 million with fees. Th...
