Hotel des Bergues, Geneva, 15 November 2010 – 9:30 am & 2:30pm
While most are tightening their belts, some are busy adjusting their watch straps. If you have between $1.5m to $2.5m to spare on an exceptional watch then without further delay you should make your way to Geneva for part III of Christie’s Important Watch auctions.
The auction in May of this year was one of the most successful ever held by Christies, and provides positive proof that for some the recession was never really that much of a setback. The Spring auction achieved international news headlines with the sensational record price realised by a unique and historically important gold perpetual calendar chronograph wristwatch, Ref. 1527, manufactured in 1943 by Patek Philippe which sold for US$6.3m against an estimate of US$1,500,000-2,500,000.
Christie’s Geneva will have up for auction another extraordinary selection of the finest and rarest wrist and pocket watches on November 15. The 388 lots from Important Watches including A Connoisseur’s Vision Part III will be dispersed in two sessions and are expected to realise a combined total estimated in excess of US$ 13 million.
The star of the show is a trio of exceptionally rare and highly important watches by Patek Philippe. One is a pink gold two crown world time wristwatch with 24 hour indication and blue enamel dial, retailed by Gobbi, Milan, Ref. 2523, manufactured in 1953 by Patek Philippe. The second is Ref. 2499, manufactured in 1957 with an estimate of US$800,000 and a perpetual calendar chronograph wristwatch with phases of the moon, Ref. 1518, manufactured in 1948 with an estimate of US$400,000-600,000.
Aurel Bacs, International Head of the Watch Department commented: “Fine watches are the ultimate object of desire. They are no longer seen as mere collectables, but considered as beautiful objects that appeal to collectors and are today recognised as works of art.”
Don’t forget your American Express card.