Christie's Sale 1401 Lot 282

Lot 282 smashed the reserve (CHF 65,000 - 95,000) selling for CHF 173,000

It is great to see VC doing well at auction 

almost 3 times its
05/13/2014 - 09:01

low estimate!!

 

Good news for us Vacheronistas!

 

 

Well, that is the interesting thing about auctions...
05/13/2014 - 17:52

All you need is 2-3 very interested people to bid up the prices.

Many very nice pieces go unsold because there is not even 1 person interested. There was a lovely 1478 in that sale with its original box that was not sold.

Meanwhile tons of Rolexes got bid up to insane prices.

So go figure!?

Re: Well, that is the interesting thing about auctions...
05/13/2014 - 21:22

This Vacheron did pretty well at an Antiquorum auction in Geneva on Mothers' Day.

 

http://www.antiquorum.com/catalog/lots/vacheron-constantin-ref-47070-000...

 

 

Re: Re: Well, that is the interesting thing about auctions...
05/14/2014 - 01:02

That's true.

But only because it is a rare item and rarely comes up for sale. It's a limited edition although VC does not state that openly and these are very much in demand.

Vacherons of comparable, or actually better quality than the equivalent PP don't fare as well. This is particularly true of time-only watches. an example is lot 389 the LE Patrimoie which was given to VC employees on VC's 250 anniversary. It went for just under 12000CHF.

If it had been a PP watch, you can be sure the price would have been hire. I think one of the reasons aside from Alex's comment is that the PP watches are purchased for investment purposes and not as just a watch.

Joseph

A very astute observation. It is like buying a Ferrari and keeping it in the garage (nt)
05/14/2014 - 10:13
250th Anniversary employee's model
05/14/2014 - 18:22

Hi JB!!

Personally, I like that watch a lot (and I believe our good friend Lin has one) so that hammer price is definitely a steal.  Could the less interesting technical side of the watch have contributed to the low price?

As you may recall, unlike the regular Patrimony Contemporaine models which come with VC in-house cal. 1400, the 250th Anniversary employee's model is powered by a JLC, and a rectangular one at that (at least that's what I was told a while back. Please corret me if I am wrong).  Of course, that technical quirk could add to the watch's character, depending on how you look at it... smiley

 

Cheers!

Kazumidevil

 

 

 

 

 

 

A rectangular movement in a round case, that makes
05/14/2014 - 18:42

it quite rare :-)

Re: 250th Anniversary employee's model
05/15/2014 - 00:45

Hi Kaz,

Great to hear from you. I never checked the movement but it nevertheless is a very rare watch and apparently employees were instructed not to part with it.

I would have bid on it if i didn't already have a Contemporaine. It's also a neat bit of history.

All the best,

Joseph

Hi Kaz, this anniversary watchit has the cal 1017 movement
05/18/2014 - 19:06

I can guess that had enough old stock of these movements in order to make the special, male, employee watches.  I believe the female employees received 1972s.

Hi Kaz,  this anniversary watchit has the cal 1017 movement

I think that Rolex will be the next
05/13/2014 - 23:44

big brand at auction, they are doing really well without the brand supporting prices unlike PP in the past. Definitely a brand to keep an eye on