Why so cheap?

I have seen on a website a VC Perpetual Calendar in yellow gold Ref. 43031 - at USD17,000!

I though this must have been a fake (especially since the VC name was inscribed on the dial, but not the Maltese cross...)

But then doing some further searching, I found on another website that this model had been sold at about that price in an auction in 2003.

Hence my question: how can a VC PC be so cheap?

Lack of market appreciation.
08/15/2007 - 08:46

VC is not perceived the way PP is perceived. Marketing plays a very important part. 

are you talking about this model?
08/15/2007 - 10:55

ref 43031

In general there are certain VCs from the 90s which didn't really grace with age  look dated today. The ref 43031 is one of these models and its  case is no longer to today's taste. There is a guilloché dial version which looks really good though. 

I was discussing this week with a Lounger who recently bought a Patek 3940 whereas he is a great VC fan, one of his reasons was that the leap year indicator being on a 4 year cycle it was illegible and when you start spending some $$$ on a watch it better be legible!

Yup, that's the one
08/15/2007 - 13:32

Thanks guys for your answers.

Even though the case could have looked a little bit better (especially at the back), IMO the watch looks OK ... and at c. $15k, it does look like a good deal for a perpetual calendar...

I will not go for this one - I am saving up for the 47212 Platinum Malte Perpetual Calendar Chronograph (and it looks like I might have to save fast if I want to get it before it is no longuer available...)

that model is a killer! The most beautiful perpetual calendar chrono I
08/15/2007 - 15:42

have seen, the platinum dial like in Chronometer's post below is the final winning touch

Embargo on this watch will be lifted in a few weeks so watch this space

Re: oops, typo!
08/15/2007 - 17:09

Alex I agree with you the 47212 is the most beautiful watch on the planet - it is however out of my league.

I meant to type 47112 (platinum version)... and to be able to afford it, I will need to find an AD who is ready to give me a BIG discount (do you think this will be the case since the model is being phased out, or on the contrary it will make it harder to get a discount?)


JB recently got the YG model! a gorgeous watch, here are
08/16/2007 - 00:40

some links to whet your appetite:



Good luck on your search, I haven't seen a Malte perpetual chrono at an AD or the secondary market in ages so not sure on the discount you can get. That will depend on your negotiation skills

Good luck and keep us posted

Re: Cheers...
08/16/2007 - 02:01

... I had seen Deniz' pics, but not JB's - this model is really my Holy Grail of watches, every time I see a picture of it I feel all special inside. In terms of getting my hands on a Platinum one, have one or two leads... hopefully something good will come out of it!  Will keep you posted (thanks for the luck, I think I will need it!!)

The one comment everyone has about this watch is just how beautiful the moonphase is (and I COMPLETELY agree with that - it is IMO the defining feature of the watch, it is really what sets it apart from the rest). If it is getting such rare reviews, why isn't VC considering incorporating it into one of its other model that has a moonphase?

And surprisingly I have not seen any of VC's competitors try to imitate it...

I love that moonphase as well the most gorgeous I have seen! I've been
08/16/2007 - 12:43

pestering the VC design team to actually put that moonphase on other watches and the only answer I have been getting up to now is : "maybe yes...maybe no" !!!

You know who else is a fan of the Malte perpetual chrono? surprisingly
08/16/2007 - 16:30

it was a watch on Colin Farrell's wrist in Miami Vice, where he played Sonny Crocket!! I never would have thought VC would become a badboy watch

Michael Mann, the director of the film, and on a passing note director of the fantastic movie Collateral, seems to be a VC fan and bought the Malte perpetual calendar chronograph when in London last year for the European premiere of Miami Vice. He was also spotted at the premiere wearing an Overseas!

Your next watch?

Re: oh yeah!
08/16/2007 - 19:40

If I manage to get my hands on one, not only will I have the most beautiful watch in the world, but I will also automatically acheive "Bad Boy" status!!  That right there is extra motivation...

Re: how about this one regards Victor
08/16/2007 - 16:24

I really like your version Victor, the guilloche dial and blue
08/16/2007 - 17:19

hands add an interesting touch. That's the modell I was thinking of when in my reply above I said that the guilloché dial version was one that I liked.

Re: i agree with Alex
08/16/2007 - 19:46

it is a very nice version... but I much prefer the more modern and more "Bad Boy" 47112...

I too sense a value gap...
08/16/2007 - 05:46
especially when new automatic VC's with "only" the date function are listed at about that price. I've often purchased vintage or late model VC's when I sense that they offer greater value than any of the currently produced watches. Just out of curiosisty, is the model you say for sale with blued subdial hands or gold ones (as pictured in Alex's post above)? That is one of the small details that would make me either buy it or stay away. (I'd buy the former and avoid the latter). Bill
re:this might be your lucky day
08/16/2007 - 12:52

The watch does have the blued subdial hands

Regarding the poor finishing of the case, I might have spoken to early - looking at the pictures again, the watch might have an officer's back...

I will PM you the website details (not sure if it against forum policy to advertise retailers...)

who knows this perpetual may become like Patek's iconic 3970 which
08/16/2007 - 13:29

could have been bought 4-5 years ago for under $40,000 and which today is a dream for the common mortal!

Here's a short photo essay I had done back in 2005: PP3970 vs VC Malte
08/16/2007 - 19:57
Major value gap.
08/17/2007 - 09:47

That watch contains the tremendous 1120 movement. Very robust, very accurate and very ingenious; also, owing to the time at which it was developed, very difficult to find in a nice-looking watch. I don't think any movement Vacheron used since then has come close, at least until the new manufacture movements (and those are much thicker).

totally agree on the quality of the cal 1120 and maybe it is true that
08/17/2007 - 13:13

the design of the watch should be put into conext of the time.

good points!