Some interesting VC results from yesterday's Antiquorum auction

Markets are low but some of the high end Vacheron Constantin's went for rather high prices! Prices include buyer's premium but exclude VAT.

Lot 84 ref 30040: pink gold Malte perpetual calendar minute repeater. Launched in 2006 in 30 pieces. To the best of my knowledge this is the 1st time one appears at auction. Estimate :$200,000 - 250,000 (euro 140,000 - 175,000) sold for $260,000 / €195,000
Some interesting VC results from yesterday's Antiquorum auction

LOT 192:  A very oroginal lug model with gorgeous guilloche dial from the 40s.Made in the late 1940s. Estimated at $ 3,000  - 5,000 (€2,100 - €3,500) and sold for $6,000 (€4,500)

Some interesting VC results from yesterday's Antiquorum auction  


Lot 194: Rose gold teardrop lugs triple calendar without moonphase from the late 40s. Estimated at Estimate: $10,000-15,000 (€7,000- 11,000) and almost tripled its low estimate selling for $27,600 (€20,500)
Some interesting VC results from yesterday's Antiquorum auction 


Lot 195: skeleton minute repeater in rose gold. Estimate $200,000 - 250,000 (euro 140,000 - 170,000) sold for $282,400 (€210,000)
Some interesting VC results from yesterday's Antiquorum auction

Lot 358 ref 30020:
platinum perpetual calendar minute repeater from the 90s. Estimate $175,000 - 230,000 (euro 122,000 - 155,000) sold for $190,400 (€141,600)

Some interesting VC results from yesterday's Antiquorum auction
The following big pieces did not sell:

Lot 83 ref 30050: platinum double barrel tourbillon with power reserve from the 90s. Estimate $70,000-90,000 (euro 50,000-65,000) 

Some interesting VC results from yesterday's Antiquorum auction


Lot 356: platinum Chronograph Historique. Estimate $25,000 - 35,000 (euro 18,000 - 25,000) 

Some interesting VC results from yesterday's Antiquorum auction
Re: Some interesting VC results from yesterday's Antiquorum auction
10/17/2008 - 13:15
I really like lot 356 (the Chronograph that didn't sell). I have looked at the results for some lady pieces and I might be able to get one of those one day. But one question: I am new to all this but I guess people like Antiquorum do check with VC that all the watches are genuine ones before selling?
you put your finger on a delicate subject! The experts are
10/17/2008 - 13:47
competent enough to know if a watch is fake or not but they won't be able to tell you if the movement was messed around with if it was done perfectly or if the dial has been switched. Some watches come with papers or certificates given by the brand but auction houses don't systematically check with the brand before selling a watch.
Re: you put your finger on a delicate subject! The experts are
10/17/2008 - 13:51
I would have thought they would. I mean, compared to the money they get  from the auctions, they could take the time to do such a simple thing (at least what I think is a simple thing). Well I guess the best way to make sure you are buying a 100% genuine VC is to go to an official retailer or even best  to the Geneva shop
Auctions can be a great place to find certain pieces Tacha but...
10/17/2008 - 14:41
it is truly a case of caveat emptor. With regards to the auction houses checking with the brands, there are lots of issues involved.  These include legal, liability and cost concerns. Just be careful out there... Cheers, Duncan
Thanks for sharing, Alex...
10/17/2008 - 14:30
I love the Malte Perpetual Minute Repeater... great watch! I never thought I'd ever say this about a VC watch but the time has come : now wonder Lot 83 ref 30050 didn't sell - it is, in my opinion, an ugly watch...
Interesting!
10/17/2008 - 14:53
As I noticed and written several times before, values of watches rather goes up when stockmarket falls !! I seen it before, twice. So, WE always says that speculating in watches is not what WE are doing, but I think some other see the constant values... Just look at the triple calender! Very, very interesting ! Cheers Doc
Funny thing Doc is that when the markets go bad
10/17/2008 - 15:19
people stop investing in them... when it should be the opposite happening!!! "Buy when its low, sell when its high" Easier said than done, and the markets might fall further in the short future... It's hard to know when we'll have reached the bottom, but one thing's for sure, some of these stocks today and greatly underappreciated - if it's for returns you are looking and you won't need the money for the next few years, you should put it in the stocks! You'll have to be patient, but then you'll be able to buy many more VCs... Invest in watches if you want to invest in passion Cheers,  Francois
Francois,
10/18/2008 - 11:57
my opinion is still that the watches keep their prices even at bad times, as I wrote, I seen that before Cheers Doc
"Invest in watches if you want to invest in passion"...
10/18/2008 - 13:20
no truer words have been spoken.  Very well said Francois! Cheers, Duncan
cheers... and FYI Buffet feels the same way as I do apparently about
10/18/2008 - 22:38
the market (see article below) Great minds think alike, I wonder if Buffet shares my taste for VCs as well Buy American. I Am. By WARREN E. BUFFETT Published in New York Times, October 17th 2008 THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary. So ... I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy). If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities. Why? A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation's many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now. Let me be clear on one point: I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month - or a year - from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over. A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor's best friend. It lets you buy a slice of America's future at a marked-down price. Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497. You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy. Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts. Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky's advice: "I skate to where the puck is going to be, not to where it has been." I don't like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I'll follow the lead of a restaurant that opened in an empty bank building and then advertised: "Put your mouth where your money was." Today my money and my mouth both say equities.
Any explanation for the PT Historic VC Chrono ? (nt)
10/17/2008 - 16:14
.
yes collectors have decided to boycot this watch ever
10/17/2008 - 16:32
since you bought one More seriously I have no idea, maybe the case was over polished or in bad condition or the reserve priice was too high...
In 2006 at Antiquorum NY : same (23010USD - 29950CHF)
10/17/2008 - 16:54
(http://www.worldtempus.com/wt/1/11700/38/2006) may be the answer is in the Doc post (to much speculation...)
I seriously don't think that $20k for a chronograph from a
10/17/2008 - 17:01
prestegius manufacture such as VC with the amazing Lemania base caliber can be considered as too high and a speculative price. Try to find something similar on the market today and the prices you see aren't even close to the VC's.
I agree. Look at 5070, ridiculously high!
10/19/2008 - 06:50
And this one is in platinum...maybe the case was over polished which explains the result.
Re: Some interesting VC results from yesterday's Antiquorum auction
10/18/2008 - 03:27
Wonderful choices to see here. I put on marker on Lot # 83, what a beauty. Alex, thanks for sharing.  Regards, Matt
VC still managed to do quite well despite the turmoil in
10/19/2008 - 06:43

world's financial market, bravo. But why wasn't the les historique chrono sold... thanks Alex.