Auction Report: Antiquorum New York December 5, 2007

Yesterday Dec 5, Antiquorum held its last auction of the season in New York. The vintage Vacheron Cosntantin’s were mostly time only pieces whereas the modern ones were complicated. Most lots sold for rather interesting prices, here’s a brief overview:



Lot 104: Poche Surprise: Made in 1930 and case by Verger Frères this is a beautiful yellow gold and enamel Art Deco purse and desk watch. Originally estimated between $2,000-$3,000 (€1,400-2,000) it more than doubled its high estimate selling for $4,956 (€3,400)

Auction Report: Antiquorum New York December 5, 2007

Auction Report: Antiquorum New York December 5, 2007

Auction Report: Antiquorum New York December 5, 2007

scans courtesy of Paul Butros


Lot 193 platinum Ref 6394: Made in 1964 this watch has a very original “linen” texture case band. Estimated at $8,000-$12,000 (€5,500-€8,000) it sold for $10,625 (€7,300)

Auction Report: Antiquorum New York December 5, 2007


Lot 194 Jubilé ref 4600 in rose gold: Produced in 1949-1950 this model was made in 1000 pieces in different colors of gold probably for the Italian market in celebration of the “Anno Sancto”. Estimated at $4,000-$6,000 it was a bargain at $4,720 (€3,240)
Auction Report: Antiquorum New York December 5, 2007


Lot 199: Made in 1946 the feature which immediately attracts the eye is the “shell” lugs, typical of VC’s tests in lug designs. Estimated between $3,000-$4,000 (€2,000-2,800) it doubled its low estimate at $6,490 (€4,450)
Auction Report: Antiquorum New York December 5, 2007


Lot 201 Mercator representing Africa/Europe/Asia: A great mystery to me, this is one of the most fascinating watches of the past 20 years, extremely rare and difficult to make and it is going for a bargain!! Estimated at $15,000-$20,000 (€10,000-14,000) it sold for $20,650 (€14,172)
Auction Report: Antiquorum New York December 5, 2007

Lot 203 platinum ref 4724: An amazing opendial retrograde date made in 2002 in 247 pieces. Estimated at $15,000-$20,000 (€10,000-$14,000) it almost doubled its low estimate selling for $29,500 (€20,250) which was if I recall its original list price.

Auction Report: Antiquorum New York December 5, 2007


Lot 204 Mercator America platinum. Limited to 10 pieces (I believe that this is the smallest production run for any Mercator), it features a cloisonné enamel dial representing North America and inspired by the maps drawn by 16th century Dutch Cartographer Mercator. Estimated between $25,000-$30,000 (€17,000-€20,000) it sold for $49,560 (€34,000)  On a side note a vintage watch dealer I know sold a similar model for about €60,000 (approx $90,000) and the watch stayed in his shop front less than a week!!!

Auction Report: Antiquorum New York December 5, 2007

scan courtesy of Paul Butros

Re: Auction Report: Antiquorum New York December 5, 2007
12/06/2007 - 13:23

HI Alex,

I believe some of the other Mercators with regional maps also had productions of only 10 pieces.

Regards,

Joseph

wow...
12/06/2007 - 13:26

...the Lot 193 platinum Ref 6394 looks very nice...I suppose it was good price as well...I think I have seen that model being sold on primetime24 for a higher price than the auction price...

I love these clean watches...

Thnx 4 the report!

-Xerxes

Re: Auction Report: Antiquorum New York December 5, 2007
12/06/2007 - 14:23

Thanks for the overview, Alex.

The price made for the lot 201 Mercator is maybe due to the fact that the dial is not enamelled?!

quick question: what is the % of limited edition VCs selling above
12/06/2007 - 17:30

their inital retail price?

I know it must be hard to get actual data, but I am wondering if anyone could provide me with a rough estimate???

For example, looking at lot 203, is selling for its initial retail price a good performance, considering it is a limited edition to start with? It goes back to one of our prvious discussions, but I am wondering if one is more likely to benefit from market arbitrage by buying LE VCs in the auctions, or if one is more likey to benefit by buying it new, and seeing its investment go up with time? (having on order a 47212, I am wondering...)

That question apart, thank you Alex for the report. I have always loved the 4724, but the one that really got my attention is the lot 193.  It's a beautiful watch, pure and elegant, and the finish of the dial is quite interesting - would anyone happen to have a close-up shot of a "linen" finish?

Cheers,

Veillotron

that's a tough question! Depends if we are talking about auctions or
12/06/2007 - 18:13

secondary market. Sometimes yuo see VCs sell for a much higher price via second hand dealers than at auctions, for example see my comment underneath the Mercator Americas.

Just from the top of my head the models which are selling around or above list are the Jubilee 1755, there is also the Saint Gervais which retailed for around $400k and I recently saw it for sale at $705k (!!) and in another prvate transaction a Tour de l'Ile was sold for CHF 2,600,000 (list was CHF 1,800,000). I also saw no later than Monday a brand new Chronomletre Royal offered for sale by a dealer over list.

I haven't seen that many recent limited edition VCs on the market. I have yet to see an Excellence Platinum Patrimony or Chrono.

But this results don't make a statistic and enjoy your watches, if you can sell it over list just consider it a bonus.

Regarding the Ref 6394  tsk tsk tsk just type in "6394" in the search function and you get some info

Apologies, dear moderator...
12/06/2007 - 19:39

Very lazy of me indeed

Next time, I will search before I ask!

And thanks for the close up pic

beer's on you next time I'm in London :-) (nt)
12/06/2007 - 19:39

.

Cool, I'm up for that! (nt)
12/06/2007 - 20:35

.

Amazing prices for the Tour de l'ile and Saint Gervais but you have to
12/07/2007 - 17:13

admit that these watches are exceptional and rare!

absolutely all the
12/06/2007 - 19:20

vintage models are selling above list

As Alex says just enjoy the watch, don't look at investment value because once you do so, you will look at watches not by using your emotions and heart but your brains only and by doing that you'll take all the "magic" out of this hobby.

Just m 0.2c worth

true, true
12/06/2007 - 19:36

I'm with you on the point that a watch should not be bought as an investment, Shady

Just to be clear, I am interested in the evolution of value more to know actually when to BUY, not when to sell (in fact, a few weeks ago a did put up a post claiming the benefits of the VC brand not being properly valued...) .

I hope to NEVER have to sell my 47212 (who would want to sell their baby???) The cheaper I get them, the more of them I will be able to enjoy!

Cheers!

If HL continues to grow, the price will be less and less
12/06/2007 - 23:56

low.

Thanks for the report
12/07/2007 - 21:38

... saves me time so I don't have to check them all out myself

It is good (and bad also at the same time) to see VCs picking up in the last 2-3 years especially, getting a bit more of the recognition they deserve (death to vintage pateks!! which actually flood the market and you wonder why people buy them; actually we all know that the majority are just investing rather than enjoying them; not true for VC!! ).