Auctions
Tales and Lessons from Geneva Watch Auction: Six
Flagged up to be the probable stars were the Patek ref. 2479 “Exceptional White” and a Patek ref. 2499 in pink gold. But for nearly anyone with a passing interest in horology and the significance of horological time keeping refinement, the absolute jewel in the crown was the Omega tourbillon prototype observatory chronometer ref. 30 I.
The Omega aside, it was the usual Patek and Rolex road show. Some truly spectacular watches were up for sale including some Rolex Explorers that were also given their own side show with a trio of watches with notable and documented provenance that only adds to the lustre of the watches themselves and to the aura that surrounds them. The watch went to the summit with Sir Edmund Hillary; but included in the sale was another expedition watch belonging to G. C. Band as part of the Kangchenjunga expedition, which also happened to be a rare lacquer dial. This watch went for double the high reserve. Actually, the three watches had very interesting stories; the Rolex Explorers were carried into the field and performed admirably; taking a beating, being subjected to extremes, and keeping time accurately. All within a 36mm steel case with a standard movement. No super carbon this, or extreme that: Just an honest watch with some sound micro engineering.
Modern watches for the most part were well within the reserve range and equally tended to remain within sight of the retail price (once you had factored in the add-ons for commission and tax). The exception, which was good to see, was the Panerai PAM 21. A deservedly legendary watch for the simple fact that once bought, Richemont was able to meet the price for the whole brand simply on the issue of this one Panerai limited edition. Lot 208 sold for over CHF 100,000: Well above the high reserve.