some interesting results at Christie's May 29 Hong Kong auction

Yesterday Christie's held its last major watch auction of the season in Hong Kong. A wide array of Vachron Constantin watches were offered, mainly modern. These models did rather good, a yello gold Mercator models seem to be stuck in the $22k-$25k range, its a lot of money but still a great bang for the buck..I'll never say it enough!

LOT 2818, "MALTE PERPETUAL CALENDAR CHRONOGRAPH platinum, the ws was estimated at  HK$350,000 -HK$400,000 ($45,081 - $51,522) and sold way above its high estimate at HK$583,500 ($75,108). It's a lot of money but still rather "affordable" considering the complication, the movement and its platinum case.

some interesting results at Christie's May 29 Hong Kong auction

LOT 2875, Perpetual calendar Minute repeater in platinum, it was estimated at HK$800,000 - HK$1,200,000 ($103,043 - $154,565) and more than doubled its low estimate selling for HK$1,927,500 ($248,108)

some interesting results at Christie's May 29 Hong Kong auction

Lot 2890 Singing Bird Box: silver and enamel singing bird box with clock, made in 1931. Very conservatively estimated at US$15,000-21,000 it went for a whopping HK$667,500 ($85,921)

some interesting results at Christie's May 29 Hong Kong auction

LOT 2932, MEDICUS: In pink gold  estimated at HK$160,000 - HK$240,000 ($20,609 - $30,913) it sold for HK$199,500 ($25,680)

some interesting results at Christie's May 29 Hong Kong auction

LOT 2935, "MERCATOR" Europe/Asia, YG: A watch all VC aficionados should have!!  Estimated at HK$80,000 - HK$120,000 ($10,304 - $15,456) it more than doubled it's low estimate selling for HK$199,500 ($25,680)

some interesting results at Christie's May 29 Hong Kong auction

LOT 2936, "MERCATOR" Europe/Asia 950 PLATINUM estimated surprisingly almost at the same price as the YG model  HK$100,000 - HK$150,000 ($12,880 - $19,321) it more than tripled its low estimate going for  HK$343,500 ($44,215)

(no scans)

I really love the Medicus (nt)
05/30/2008 - 16:53


No you don't !!
05/30/2008 - 17:28

If you turn it and look at the backside, through sapphire glass,

you see the same movement as in the Omega Speedmaster !!

That at least killed my interest.

BTW, I had a Speedy for over 20 years, and my son has it now,

but there are plastic parts in it



Is it the same...
05/30/2008 - 18:01 the one in my Chronographe Les historiques ? I suppose not !


definately not! Your's is the beautiful Lemania 2310 with column
05/30/2008 - 18:19


Not the same! Definitely...
05/30/2008 - 18:53

The one in Les Historique chrono is much more beautiful!

Thats a shame...
05/30/2008 - 19:29

Re: some interesting results at Christie's May 29 Hong Kong auction
05/30/2008 - 18:13

Some of the estimates are a bit on the low side, so it isn't that surprising that they were exceeded.

I've seen YG Mercators (Americas) for sale at $18000 and $22000, both unsold and an enamelled one in Paris for over $40,000.

I get a little suspicious when the estimates are so low, thinking that they are purposely low to attract more people.



Low estimates...
05/31/2008 - 05:00

are one of the oldest tactics used by auctioneers.  As you said, they attract buyers and on the flipside, high estimates will scare off prospective bidders.

In almost all instances, it is worth taking pre-auction estimates with a very big grain of salt.


My old Speedy !!
05/30/2008 - 19:03

As far as you can come from a beautiful Lemania



$75000 for Malte QP chrono in Platinum?
05/31/2008 - 15:19

It's like getting a oil for $80 per barrel now...severely underpriced!  Patek 5070 now costs $75-80K...the 5070P maybe over $200k! Go figure...

Question is : what can explained this difference?
05/31/2008 - 16:14

the power of the trademark only ?

Simple. Patek is perceived as an investment.
05/31/2008 - 18:45

That's what drives prices up. Auctions have proven this. People with money all start jumping into the bandwagon, buying everything from Patek. Chinese people snap up all pieces from PP...for prestige and profit, I know this mentality since I am a Chinese as well. Who can explain Patek 5070 going from mid $20K to $75K now? Lemania 27 supply being discontinued, bla...bla...bla...Patek 3712? Patek 5980? Too many examples...

VC is not yet perceived as an investment piece so prices stay low. Ain't Loungers lucky?  Imagine if VC reaches the status of PP, we can't buy any VC with a reasonable price then...

Last example, Patek Aquanaut 5167 now costs about $17K (steel case + rubber strap)...You can get patrimony auto (gold case) for less? I bought Malte Chrono for about $17k but that was in 2005 though...5070 was about $39K that time...

Anyway, public perception that Patek sells better than VC, that's why the big difference...

Very astonished byt the price of the Malte QP too ....
06/01/2008 - 16:45

...ahhh, if only I could afford

I am happy to see that Mercator watches are going higher!
05/31/2008 - 16:19

Indeed, this is really representing the art of VC with unique approach of saying time.

BTW, Doc, I got an old Speedy, and the movement was a 321 caliber (from the 60s), with a column wheel. If I read you correctly, it seems yours does not have it, which surprises me, or it's a later model... But as far as I remind it, all references got this comumn wheel, which is a main difference with the Medicus chrono; I agree with you for this one, this is not worth getting one, and I never really understood why VC did it...


05/31/2008 - 17:32

Doc's speed has the 861 caliber.

05/31/2008 - 19:03

enjoy your smoke, I'm as ols as I thinking of taking my old Dunhill's pipes,

back again.

I have 3-5 of them, first one bought from London when I was 17(!) years old

Haven't smoked for 20 years, but as you noticed,

I get so furious of all people who tells you what to do !

As A Doc I only advice people with serious bad lung capacity,

probably to late..., to stop.

I wouldn't dream of saying to a 65-75 years old man to stop smoke,

he knows the risks, he drives a car etc etc.

I really hate all Besserwissers .

It's your body, everybody knows the danger with alcohol/smoking/racing/sailing/watch collecting,

you name it

And it's a simple cal.861 in the "Medicus"

Have a good smoke and a nice weekend,

and don't do anything that Doc wouldn't


Thanks, Doc
05/31/2008 - 23:45

For your wise words of advice and I was really laughing about collecting watchs as one of the dangerous activities.


Forgot to mention
06/01/2008 - 04:22

That is a Montecristo that I am smoking.

Good man :-) (nt)
06/01/2008 - 12:30


Thank you KCC.
05/31/2008 - 21:41

I just thought all Speedys have the column wheel.


Too bad on the Medicus movement, the face is so cool
05/31/2008 - 22:38

my sons both think it has a very "Indy" look. I think the high contrast is part of it and the excellent case design.



Absolutely agree, Tim If it wasn't for the poor movement I would've...
06/02/2008 - 00:27

gotten it a long time ago... The dial and case design is very VC!!!