Auctions
Record Season: Spring Auctions 2022
Auctions
Record Season: Spring Auctions 2022
Monaco Rocks
The most important sale that kicked the season off was Monaco Legend Groups sale towards the end of April at the Hotel Meridien. Davide Parmegiani and his son Andrea curated a strong sale, including key pieces from the John Goldberger collection and a collection of Stella dial Rolex Day-Dates. As the nomadic tribe of collectors and dealers came out of their winter hibernation, the first destination as Monaco. Parmegiani’s business partner Claude Cohen is the house’s auctioneer, and the atmosphere was electric as lot after lot was sold with some exceptional prices realized.
Highlights from the weekend included a stunning pink gold Rolex 6062 Oyster cased triple calendar with moonphases. Dating to 1953 these watches are one of the most desirable Rolex watches ever made and the rarity and condition of this watch were unparalleled. The watch sold for €2,106,000 which highlights the relevance of the condition of this watch. Similarly rare and beautiful was a white gold Patek Philippe “Padellone” perpetual calendar that was the property of horological Godfather John Goldberger. The reference 3448 was again in stunning condition and is incredibly rare and sold for €747,500.
No Crash in Sight
One of the most remarkable results this month…well, in fact for a long time, was the Loupe This sale of a Cartier London Crash. The watch came from the original owner’s family, and it transpired to be the earliest known example dating to 1967. The London Cartiers are some of the most desirable watches from the brand, but the Crash still remains the collector’s favorite. Says Loupe This founder Eric Ku, “From its debut in the 1960s to the various limited edition runs Cartier has produced since then, the Crash has a reputation as a sought-after watch that isn’t released by Cartier often. With its mysterious origin story and extreme rarity, it has quickly become every Cartier connoisseur’s favorite timepiece to fawn over.”
And fawn over it indeed they did, with the final price being a whopping US$1.6 million! The watch was part of Loupe This’s Cartier week and a later Paris Crash from 1991 sold two days after the London Crash for over US$300,000. It is these later watches that are now being seen on the wrists of celebrities such as Kanye West, Jay-Z and Tyler, the Creator.
Weekend Break
The weekend witnessed some record-breaking sales that were dominated by Phillips, who held two sales over three sessions. The first was The Royal Oak 50th, a tightly curated sale of 88 examples of Audemars Piguet’s most iconic sports watch, the Gerald Genta-designed Royal Oak. Expectations were high, and the sale prices were accordingly outstanding. My personal favorites included Lot 8 “The A2”, which was the second steel 5402 to ever be made. It sold for CHF 1,058,500 and dated back to the very first run of watches made in 1972. Over the different series, the 5402 was made in 6050 examples, but the most coveted are these early pieces.
Rise of the Indies
The weekend’s watch results showed pretty clearly that independent watchmaking is seriously hotting up. Journe, De Bethune, Voutilainen and Urwerk all highlighted that collectors are looking in new directions, and the prices are accordingly taking off!
Phillips had some great pieces including Lot 165, a Urwerk UR-CC1, a unique AlTiN coated white gold wristwatch with linear time display. Made in 2010, the King Cobra was a homage to a Patek Philippe prototype created by Louis Cottier that now resides in the Patek Philippe Museum. It sold for CHF327, 600, which was ten-times the low estimate. De Bethune is another watchmaker that has been taking off recently. The DB27 Titan Hawk, aka Lot 205, a unique blued titanium wristwatch with Eastern Arabic numerals, date, six-day power reserve, certificate and presentation box sold for CHF226,800. At Christie’s, Lot 55 De Bethune ‘A Kind of Blue’ reference DB28 from 2020 sold for CHF 176,400. The mirror-polished blued titanium lightweight wristwatch with ‘floating lugs,’ three-dimensional spherical moon phase, power reserve came with a certificate of origin and box.
Vintage Rarity and Quality
When it comes to vintage watches, the importance is very much on rarity and condition. Stone dials sold strongly in the neo-vintage sector with sodalite-dialed white gold Daytonas selling well. Lot 220 at Phillips was a reference 116519 with sodalite dial and applied Arabic numerals that sold for CHF 126,000. Lot 151, also at Phillips, was a Rolex Daytona white gold 116589 with sky blue sapphire bezel and sodalite dial that sold for CHF 327,600. Christie’s also had some strong results on stone dial in-house Daytona with Lot 14, a Rolex 116509 white gold Daytona on white gold bracelet fitted with chrysoprase green ‘Beach’ dial that sold for CHF 201,600.