Tag Archives: Patek Philippe

Antiquorum’s Used Watch Sale Makes Over $3 Million

Bidders bid on over 450 watches in Antiquorum New York’s September auction for Important Modern and Vintage Timepieces last week. These sales totaled over $3.6 million. The bids were made via commission, telephone and internet and they were from the UK, Asia and the Middle East. There were modern limited edition time pieces in excellent condition that were purchased for amazing prices.

Jaeger Le Coultre Reverso 210.1.15 18k Yellow Gold Mens Watch

Jaeger Le Coultre Reverso 210.1.15 18k Yellow Gold Mens Watch

The highest paid item was sold for $255,750. It was a Jaeger-LeCoultre Reverso Gyrotourbillion 2, No. 04/75. This time piece is a limited edition reversible pink gold watch. The visible Jaeger-LeCoultre caliber 174 with inclined 2 cage multi-axis spherical tourbillion. Other higher paid items were a Greubel Forsey Double Tourbillion 30 degree Vision, No. 58 was also sold for $219,750. An Audemars Piguet Ref. CCW1 Carbon Royal Oak Concept 2 was sold for $141,750 and a Hublot Ref. MP-02 Flying Tourbillion Titanium PVD Coated timepiece was sold for $147,750. A Patek Philippe Ref. 5070 Chronograph in yellow gold and one of the same brand with Ref. 5940 Perpetual Calendar in yellow gold were both sold for $62,500. The Patek Philippe watches are usually sold for the higher prices at these auctions.

There were timepieces with interesting stories behind them that were sold for higher prices as well. There was a lady’s Swiss gold pocket watch that had been given to HRH Princess Alice, who lived between 1843 and 1878 for her 12th birthday, by her parents Queen Victoria and Prince Albert. This incredible historic piece was sold for $26,250. Pieces such as this one always attract attention from buyers all over the globe, and create highly competitive bidding, as this one fetched over 8 times its worth. Antiquorum’s October 26th auction in Hong Kong is expected to feature a great collection of modern timepieces from Patek Philippe, Jaeger-LeCoultre and A. Lange & Sohne.

 

Patek Philippe 5110G World Time 18k White Gold Watch

Patek Philippe 5110G World Time 18k White Gold Watch

The Antiquorum is the world’s premier auction house for modern and vintage watches. They have a reputation for having the best information in the industry and only employ experts in the field of watches. It started in 1974 in Geneva and has generated its own place in the world of auctions by creating an atmosphere for a collector’s market for watches worldwide. They always obtain the highest bids, and are the only place to find exceptional timepieces that have set world records for their rarity.

Pre Owned Vacheron Constantin Platinum and Diamond Pocket Watch

Vacheron Constantin Platinum and Diamond Pocket Watch

As a great source for these collectors, the Antiquorum started selling these timepieces at auction in the early 1980’s, and ended up making an exciting market place for these sales. Some years later, the themed auctions were started with the Art of Patek Philippe in 1989, which was the 150th anniversary of the company. These themed sales are offered regularly where collectors and watch authorities can gain knowledge on each line. World records have been set with the Vacheron Constantin, the Tour de l’Ile, and the King Fouad I. Another record was set for the Mondani Collection of 309 Rolex watches in 2006.

There are about 10 auctions held each year in Geneva, New York, and Hong Kong, with previews held in other major cities around the world. There are also Antiquorum offices and agents in Paris, Milan, London, Munich, Shanghai, Tokyo, and Moscow. These offices are staffed with the most knowledgeable staff and experts, providing the best service available to any auction house in the world.

Watch of the Week: Breitling Chronomat Evolution K13356

It’s our favorite time of the week! Well, it’s our favorite time of Monday, at least, when we celebrate the end of day one of the work week with a fabulous featured watch. We’ve been stocking up on plenty of super high-end luxury watches lately, with appearances from the usual suspects. More second hand Patek Philippe watches than you can shake a stick at, our usual abundance of pre owned Rolex watches, and even a completely iced out Audemars Piguet we’re saving for a special occasion (like next Monday, perhaps.)

But with Patek Philippes stealing the show left and right, it can sometimes be all too easy for us to forget about the vast stores of gorgeous Swiss Luxury watches from the other brands. Namely, Breitling. This week, we scooped up not one but two jaw dropping pre owned Breitling watches. Rare to the secondhand market right now, the Breitling Chronomat Evolution is a late model Breitling that most owners are not ready to give up. This lucky buy reminded us that Breitlings are here to stay in a big way, can hold their own against the bigger brands, and are a horological force to be reckoned with.

Breitling Chronomat Evolution K13356 Mother of Pearl Diamond Watch

Breitling Chronomat Evolution K13356 Mother of Pearl Diamond Watch

Behold, the Breitling Chronomat Evolution K13356, studded with factory diamonds and set in 18kt yellow gold (we also have the white gold version for those who prefer silver metal). Just one look at this watch is really enough to stop you in your tracks, but because we’re watch obsessed, allow us to delve a little deeper. At first glance, our eyes snap to the perfect diamond bezel.

Yellow gold Breitling Chronomat Evolution with mother of Pearl Dial, used Breitling Boca Raton

But once we’re past the bling (approx 1.14 carats worth to be precise), the features start to shine. Notice the boldly carved big markers on the bezel. The incredible mother of pearl dial somehow manages not to be overwhelmed by a date window, tachymeter, factory diamond markers and three subdials. Gold tone sub seconds, 30 minute counter and 12-hour counter subdials are a feast for the eyes on this chronograph.The case, crown, pushers and lugs are all brilliantly polished in 18kt yellow gold, along with the gorgeous bracelet.

Breitling Windrider Chronomat Evolution

The beautiful Pilot bracelet is clasped with a Breitling stamped (obviously) deployent clasp. The relative hugeness of the case is extra obvious from this point of view, and the hefty case size (a solid 44mm) is complimented by nicely proportionate 22mm lugs. But the case back itself is worthy of its own close up.

Used Breitling WindriderA pushed down case back stamped with Breitling regalia houses the powerful Breitling 13 movement (aka the B13 automatic mechanical), an automatic movement with a ETA Valjoux 7750 base to service its chronograph and date functions. With a 42 hour power reserve, the hefty watch gives you exceptional leeway – if you can bear to have it off of your wrist for that long. But when it’s absolutely necessary, fear not – this Breitling Chronomat evolution in 18kt yellow gold comes with box and papers, so you’ll always have a place for safekeeping.

yg-breitling-5

Patek Philippe Only Watch 2013 Contribution

Patek Philippe‘s contribution to the “Only Watch” charity auction is the very unique ref. 5004T, only the fourth known Patek to be produced in titanium, and the first of this series to be made in titanium. The ref. 5004T is no longer in the current collection, so this may be the only chance a collector has to get his hands on it.

This particular auction piece features a split-seconds chronograph and a perpetual calendar. This particular watch has been reworked; a redo of one of the great classics of the Patek Philippe Grand Complications collection, dated between 1995 and 2011.

Patek Philippe Only Watch 2013

via Only Watch

The ref. 5004T has a manually wound chronograph’s movement, the caliber CHR 27-70 Q. This movement is based upon the “Nouvelle Lémania” movement. It was produced for Patek Philippe and then it was completely redone in the company’s workshops. This particular movement was also used in the Patek Philipe 5070 chronograph, and a sophisticated split-seconds mechanism and perpetual calendar were added. This drew the total number of parts up to 407.

In fact, all of these features (and because the Patek Philippe being no longer for sale) mean this watch may set an auction record.

As for the actual auction, 2013 is the fifth edition of the Only Watch charity auction. It will take place in Monaco on September 28th. The auction benefits Muscular Dystrophy. Approximately 40 watch makers contribute to the auction, each one adding a unique piece up for bids. All of the auction’s profits will go to fund research of Duchenne Muscular Dystrophy.

Potential bidders know that Patek Phillippe produces some of the top selling watches in the world. It is also one of the most expensive brands on the market. Patek Phillipe as it is today, was founded in 1851. These timepieces are known for Swiss precision–and being among the most complicated watches ever produced.

Patek Philippe’s contribution to the “Only Watch” charity auction is the very unique ref. 5004T, only the fourth known Patek to be produced in titanium, and the first of this series to be made in titanium. The ref. 5004T is no longer in the current collection, so this may be the only chance a collector has to get his hands on it.

This particular auction piece features a split-seconds chronograph and a perpetual calendar. This particular watch has been reworked; a redo of one of the great classics of the Patek Philippe Grand Complications collection, dated between 1995 and 2011.

The ref. 5004T has a manually wound chronograph’s movement, the caliber CHR 27-70 Q. This movement is based upon the “Nouvelle Lémania” movement. It was produced for Patek Philippe and then it was completely redone in the company’s workshops. This particular movement was also used in the Patek Philipe 5070 chronograph, and a sophisticated split-seconds mechanism and perpetual calendar were added. This drew the total number of parts up to 407.

In fact, all of these features (and because the Patek Philippe being no longer for sale) mean this watch may set an auction record.

As for the actual auction, 2013 is the fifth edition of the Only Watch charity auction. It will take place in Monaco on September 28th. The auction benefits Muscular Dystrophy. Approximately 40 watch makers contribute to the auction, each one adding a unique piece up for bids. All of the auction’s profits will go to fund research of Duchenne Muscular Dystrophy.

Potential bidders know that Patek Phillippe produces some of the top selling watches in the world. It is also one of the most expensive brands on the market. Patek Phillipe as it is today, was founded in 1851. These timepieces are known for Swiss precision–and being among the most complicated watches ever produced.

How Often Should I Have a Vintage Watch Service?

A common question asked by those who have had a vintage watch passed on to them, or have spent a pretty penny buying one, is: how often should I have a vintage watch service? There’s a stigma about old mechanical items—be it a vintage Omega or a classic car—that says they will break down more often than a new item. While this may sometimes be true, it’s also important to keep in mind a vintage Rolex or vintage Patek Philippe are incredibly well made, by people who cared about their jobs and the products they were crafting by hand. There was no mass-production and workers carelessly clocking in and out when these watches were made. Because of this, they are often relatively easy to service and maintain when they do actually break.

Vintage 18k Yellow Gold IWC Schaffhausen Mens Watch, vintage iwc

Vintage 18k Yellow Gold IWC Schaffhausen Mens Watch

The first thing to do is take your vintage watch to a store that deals specifically in that brand of watch and see what they recommend regarding service times. Most manufacturers advise a vintage watch to be serviced every five years, though this obviously varies from brand to brand and the wear and tear the watch experiences. Some watches can run seven to ten years without needing service, running like—a perfect time for the expression—clockwork.

Vintage Jaeger LeCoultre Vacheron Constantine White Gold Watch

Vintage Jaeger LeCoultre Vacheron Constantine White Gold Watch

However, as with seeing a doctor, a check-up every five years or so isn’t a bad idea. Oils can be applied to the inner workings of these vintage watches to ensure that a more expensive or damaging malfunction does not occur in the near future. Water resistance and amplitude of the watch should also be tested during this check up, to make sure it is keeping proper time and is not allowing water to get into it when you wash your hands. This type of basic servicing will help to ensure your vintage watch lasts as long as possible.

Eli K for Raymond Lee Jewelers, South Florida’s premiere source for buying and selling luxury watches and designer jewelry.

How to Invest in Watches

For a savvy buyer, pre owned watches can be a lucrative investment. Be aware that while few well-made watches will lose value, to actually make money from a watch auction requires a knowledge of those gems that will appreciate in value.

Rolex Datejust Turnograph 16253, rolex boca raton, rolex watch, pre owned rolex

Rolex Datejust Turnograph 16253 Stainless Steel and 18K Men’s Watch

A pre owned Rolex will always carry a cache with collectors, and along with vintage Patek Philippe watches, Bregeut, Audemars Piguet, Omega, and Cartier, comprises a vintage watch market valued at over 5 billion euro globally. The internet has made finding some of the rarer watches at low prices more difficult, but by no means impossible.

Audemars piguet,  Audemars Piguet Royal Oak Offshore, pre owned audemars, ap ebay

Audemars Piguet Royal Oak Offshore 18k Rose Gold Men’s Watch

The three prime qualities you should seek in a watch are:

Rarity: The rarer and more unusual a watch, the more appealing it will be to a collector. Not that any of these luxury timepieces could ever be considered common, but the best returns are made on watches that were made in limited production runs, or that were only deemed collectible later on, after many examples were lost. Prototypes, and new watches with wait lists are also good potential investments.

Authenticity: It goes without saying that when you buy a Rolex, you want to be buying an actual Rolex. That means staying away from shady salesman with trenchcoats. Always request documentation of your watch’s authenticity to be sure you are getting exactly what you are paying for. Patek Philippe is especially good at this, as the company keeps comprehensive records on every watch it has made. Collectors can verify the repair history of any watch before purchase.

Condition: Always carefully inspect a potential purchase for any blemishes or damage. The better a condition a watch is in, the better example it is of its type, and the more desirable it will be to a collector. Always buy the best-kept watch you can afford.

Matthew H for Raymond Lee Jewelers, South Florida’s premiere source for buying and selling luxury watches and designer jewelry.