Twenty-nineteen was one of the better years on record the view divisions of auction homes. in november, the patek philippe grandmaster chime 6300a-010 fetched $31m at christies, which makes it the most expensive watch ever sold at auction.
Meanwhile, sothebys view division had its highest-grossing 12 months, bringing in $109m, up 22 % from 2018.
The thing that makes watches so appealing? james marks, intercontinental expert and manager for watches at auction home phillips, claims its both about enthusiasm and trophies, a sentiment echoed by enthusiasts. watches tend to be coveted due to their financial investment price also for their particular history, scarcity and design.
This season, the main watch trade shows and auctions were delayed or cancelled due to covid-19, leaving little chance of witnessing pieces in person. yet online and exclusive product sales stay sturdy, auction houses say. christies will hold its next round of view auctions in july, including a hong kong sale of just what it defines as the most important single-owner collection of patek philippe timepieces ever offered in asia.
Could a new record be in the offing? initially, a glance at the 10 most valuable designs previously in love with the block.
Patek philippe grandmaster chime 6300a-010, $31m, christies, 2019 an element of the grandmaster chime sets introduced by patek philippe in 2014, the business states the model (above) is one of complicated it has previously created, and this is the just one of its type made of metal. it features gold breguet numerals, a hand-guilloched (an intricate engraving strategy) hobnail center, per year screen and subdials. the strap is hand-stitched alligator leather-based with square machines. if that werent glam enough, moreover it comes with a steel case and a salmon dial inscribed aided by the terms the only person.
Above, left to right:
1933 patek philippe the henry graves supercomplication, $24m, sothebys, 2014 named after the american banker which commissioned it in 1925, patek philippe defines this view as the most complex this has made without having the assistance of computer system technology.
Rolex daytona ref 6239, $17,752,500, phillips, 2017celebrity things usually bring high prices at auction, and also this rolex daytona had and donned by the belated united states actor paul newman marketed for a record-shattering $17.8m after a 12-minute bidding war.
Patek philippe ref 1518, $11.1m, phillips, 2016this had been 1st perpetual chronograph wristwatch ever before become produced in a set. simply 281 pieces were made between 1940 in addition to early 1950s, and only four had been made of steel (they are highly coveted among enthusiasts and rarely arise at auction).
Above, left to correct:
Patek philippe gobbi milan heures universelles ref 2523, $9m, christies, 2019this 18ct pink gold two-crown wristwatch had been produced the deluxe milan-based retailer gobbi. collectors went crazy for reference 2523 design because of its unique double trademark featuring both patek philippe and gobbi. only one other instance, which can be single-signed, is known to occur.
Patek philippe stainless-steel ref 5016a-010, $7.3m, phillips, 2015collector demand for this style surged after patek philippe ended producing it last year. the view integrates three unique features, making it extremely unusual: the tourbillon (a complicated system that escalates the watchs precision, often exposed regarding view face), a perpetual diary and a minute repeater.
Patek philippe titanium ref 5208t-010, $6.2m, christies, 2017created for biennial charity auction only watch in 2011, in which it offered for a then record-breaking $6.4m, it was the only titanium type of the 5208 triple-complication wristwatch (a wristwatch that displays the date, day and months with or without moon phases) is made. but the clincher was the reworked movement inside, a first for patek.
Above, left to correct:
Rolex daytona unicorn ref 6265, $5.9m, phillips, 2018this one-of-a-kind view, nicknamed unicorn, is a white gold reference 6265 daytona manufactured in 1970. it surfaced from the private assortment of john goldberger, an elusive italian watch collector whoever real name's auro montanari. although he'd pledged to never offer it, he fundamentally put the view up for auction in aid of children action.
Patek philippe gold chronograph ref 1527, $5.7m, christies, 2010manufactured in 1943, this 18ct silver perpetual schedule chronograph wristwatch, stamped using geneva seal, features moon levels and a tonneau-shaped situation. the very first 37.6mm diameter watch of its sort to own appeared on the market for twenty years, it sold for longer than double its pre-auction large estimate of $2.25m.
Rolex bao dai ref 6062, $5.2m, phillips, 2017according to professional watch website hodinkee, only three types of this design are known to exist, and the watch that marketed at phillips in 2017 features an interesting backstory. bao dai, the very last emperor of vietnam, came across with globe leaders in switzerland after the first indochina war (1946-54). during their visit he visited famous rolex retailer chronomtre philippe beguin and demanded the rarest rolex. it absolutely was here he procured the ref 6062 in yellow gold, with a black dial and diamond indexes. the piece today belongs to a mystery customer.
Follow on instagram to discover more regarding our most recent tales very first. hear our podcast, society call, in which ft editors and special guests discuss life and art within the time of coronavirus. subscribe on apple, spotify, or anywhere you pay attention.