The auctions by the Big 3 (Antiquorum, Sotheby's and Christie's) held in Geneva have now ended and the main conclusion is that the spenders are not spending that much! The really big exceptional pieces sell...and sell well but the more "mainstream" watches are not doing as well as the market hoped. Is this due to the economic downturn, low dollar or the fact that Antiquorum and Sotheby's were holding their sale on the same day?
In this bizarre climate VC did rather pretty good, granted that the brand is comming from far its prices are rising but still good value (especially the modern pieces) for someone who does not wish to pay list price. This is even more true for those paying in Euros!
Herebelow is an overview of some of the more interesting pieces (prices include buyer premium but not VAT)
Antiquorum May 10-11
This was the 1st time the Saint Gervais and the Patrimony Excellence platine appeared for sale. Where the Saint Gervais did extremely well the Patrimony EP went for a rather low price IMHO.
Lot 4 Patrimony Contemporaine Excellence Platine No. 22/150, Made in a limited edition of 150 pieces in 2006 as part of the “Collection Excellence Platine”. Estimate:CHF 8,000 - 12,000 (EUR 5,000 - 7,500) (USD 8,000 - 12,000)
sold over double its low estimate at CHF/$ 18000 / €11000
Lot 74 Saint-Gervais :No. 15/55, Made to mark the occasion of the Quarter Millennium of Vacheron Constantin in 2005. Extremely fine, rare and important, water-resistant platinum wristwatch with 250-hour autonomy and powerreserve indication in 2 sectors, visible one-minute tourbillon regulator, perpetual calendar, leap year indication and white and silver guilloché dial Estimate: CHF 350,000 CHF - 450,000 (EUR 220,000 - 285,000) (USD 350,000 - 450,000) sold for CHF/$415,000 /€ 255,750
Lot 142 Toledo 1952 WG triple date, moon phase. Estimate: 15,000 CHF - 20,000 CHF (EUR 9,500 - 13,000) (USD 15,000 - 20,000) sold for its high estimate at CHF/$ 21,600 / €13,300
Lot 189 Malte Chronograph (RG): Estimate: 13,000 CHF - 18,000 CHF (EUR 8,200 - 11,000) (USD 13,000 - 18,000) sold above its high estimate at CHF/$ 21,000 / €13,000
Lot 249 Malte Tonneau Tourbillon (RG) Estimate: 70,000 CHF - 90,000 CHF (EUR 45,000 - 57,000) (USD 70,000 - 90,000) sold for CHF/$ 86,400 / €53,250
Sotheby's May 11
Lot 15: Chronographe Historique in YG estimated at 10,000—15,000 CHF sold over its high estimate at CHF/$ 16,250 / €10,000
Lot 16 :Chronographe Historique in plat salmon dial estimated ate 10,000—15,000 CHF sold way over its high estimate at CHF/$ 25,000 / €15,400
LOT 102 A rare curved rectangular watch in platinum from 1928. Estimated at 15,000—20,000 CHF it almost doubled its low estimate and sold for CHF/$ 28,600 / €17,630
Lot 103: Cioccolatone (manual wind, YG, mesh bracelet) estimated at 12,000—15,000 CHF it doubled its low estimate at CHF/$ 32,200 / €19,850
Lot 107 ref 4072: RG chronograph with rare pulsations, respirations and tachometer indication dial. Circa 1945 Estimated at CHF30,000—40,000. A dial with pulsations is rare, combined with respirations is even more rare and this is the 1st time I'm seing one with a tachometer as well! It had a rather conservative estimate of 30,000—40,000 CHF and the buyer got one hell of a good deal at CHF/$ 35,800 / €22,000
Christie's May 12
Christie's often saves its more exceptional and rare VCs for its New York auctions. But here are two interesting watches with not less interesting prices!
Lot 228 Malte perpetual Calendar Chrono (YG) estimated at CHF30,000 - CHF40,000 ($29,954 - $39,939) it was probably the bargain of the show selling for a very reasonable CHF/$ 39,400 / €24,300
Lot 277 Malte perpetual calendar retrograde (PG) a gorgeous piece estimated at CHF20,000 - CHF25,000 ($19,970 - $24,962) which more than doubled its low estimate going for CHF/$ 44,200 / €27,300