It's the time of year when the auction houses are getting all their timepieces prepared for the start of an exciting season.
We've said it here many times before, vintage watches — and gently used newer, collectible watches — hold their value and even gain in value. The auctions are evidence of that. In fact, this fall, we will see top lots coming from Christie's, Sotheby's, Antiquorum and Phillips Auction houses, as well as from a few smaller auctioneers.
Antiquorum Auctioneers has just announced its October sale of “Important Modern & Vintage Timepieces” to be held on October 8th at The Roosevelt Hotel in New York City. There will be 324 outstanding timepieces up for bid, including an impressive selection of A. Lange & Sohne, Breguet, Patek Philippe, Omega and Rolex watches, among others.
Phillips in Association with Bacs &amp; Russo, has also announced its November sale: FOUR. This auction is expected to break all records — as several truly unusual finds will be sold, including a rare stainless steel Patek Philippe Reference 1518 that has never been on the block before. Additionally, there is a fine prototype Omega Alaska II watch being auctioned.
There is also a Breguet Type XX “Sir Jack Brabham” watch on the block. It is a tribute to the three-time world champion of Formula One in 1959, 1960 and 1966. Expected to sell for between 20,000 and 40,000 CHF, this watch was gifted to Brabham – who built his own car – by Esso. Brabham actually appeared in several Esso Extra Motor Oil ads. The watch, sold to Esso in 1960, is a stainless steel chronograph and the caseback is engraved: “Esso J.B. Champion Du Monde 1959.”
We will keep you posted of auction results, but want to remind our watch lovers that a watch can be a true investment item. Stop in any time to talk to us about vintage timepieces.