So now that the dust has settled on the recent Phillips Start-Stop-Reset auction of stainless steel chronographs in Geneva, a sale that saw 100 percent of its 88 lots sold, I’d like to focus on a watch that I thought stood out from the very strong field.
Pelé, now 70, is considered the greatest soccer player to ever have lived. With the European Cup 2016 just weeks from its start at this time, what better time is there for Julien’s to stage this auction? And, truly, some soccer fans are going to make very lucky finds here.
Watches from the upcoming Phillips Start-Stop-Reset auction of 88 stainless steel chronographs made a stop in the auction house’s London Mayfair location for several days, which gave me the opportunity to view them in the metal and even try some on. The auction, due to take place at La Reserve in Geneva on May 14, 2016, is sure to be a spectacular event not only for the picturesque location, but for the amazing timepieces for sale.
Two of Elvis Presley’s watches are being offered in the upcoming auction “Music Icons 2016,” held by Julien’s and taking place on May 21, 2016 at the Hard Rock Café in New York City. Both the Mathey-Tissot day-date and Waltham pocket watch are in good shape and offer interesting backstories.
Phillips’ next thematic sale of wristwatches, which is scheduled to take place on May 14, 2016 in Geneva, is called Start-Stop-Reset. It is an unusual sale in that it only includes chronographs, and even more unusually, the auction exclusively comprises stainless steel chronographs
Conditions of sale, Antiquorum Hong Kong, June 2015: “Antiquorum confirms no ability or obligation to perform due diligence on any lot.” Imagine one of the worst things that could happen to you as a watch collector: your home is invaded by robbers and your entire collection is spirited away. Amazingly, Antiquorum listed and sold just such a watch involved in a collector’s worst nightmare. What now?
Richard Mille, for all of its incredibly creative 15 years, is still quite a young brand, so it’s really no surprise that not too many of the brand’s watches appear at auction. However, you might be surprised how high a price the few that do come up for auction actually hammer for. Here is an overview of the top 10 performers at auctions in 2015.
In honor of what would have been Elvis Presley’s 81st birthday on January 8, Graceland is putting on an auction of some significant artifacts with 126 lots going under the hammer. Included in this auction are two interesting watches once purchased by Elvis Presley: a 1973 Omega Time Computer and a 14-karat gold Baume & Mercier. Both watches are individually engraved with personal inscriptions from the King to people in his life.
Scott Rothstein was the ringleader of the third largest Ponzi scheme ever to take place in the USA, reportedly defrauding investors of $1.2 billion. The courts liquidated most of his ill-gotten gains such as supercars, yachts, and vacation houses rather quickly. However, his now-divorced wife, Kim, had hidden a few million dollars’ worth of baubles, which were later uncovered. And which are now up for sale.
Now, it seems fairly evident that we are on the down slope of either a cyclical correction in prices or, if one takes a less optimistic view, a permanent loss of watch value as the mechanical timepiece industry faces a variety of challenges and potential disruptions. So what’s a collector to do? And what lessons can we draw, both from recent watch auction results and the history of other luxury categories, to guide us?