Here we are once again to remind you that watches — at least the right ones — can be incredible investments. In the recent Sotheby's London Fine Timepieces auction, a single pocket watch became the most valuable English watch (made in England by an English watchmaker) ever sold at auction. The "Space Travellers" watch conceived by famed watchmaker George Daniels sold for $4.3 million — twice the price it achieved when it was auctioned in 2012.
For those who may not know of George Daniels, he is one of the 20th century's great watchmaking minds. Born in 1926 and having died just six years ago in 2011, Daniels is the inventor of the revolutionary co-axial escapement, which he developed in the 1970s. Omega was the first brand to utilize and implement the co-axial escapement in its watches, and worked very closely with the inventor.
The Space Travellers watch that sold at auction was crafted circa 1982 and was actually a replica of an earlier Space Travellers watch that Daniels made and sold to a collector. The auction watch is crafted in 18-karat yellow gold and its chronograph movement houses Daniel's independent double-wheel escapement. One of only two ever made in this style with a chronograph function, the watch is said to honor the 1969 moon landing, and Daniels supposedly described it as a watch you would need on a tour of Mars. Four bidders clamored for the watch, which sold within 10 minutes of going up for bid.
Just a little more proof that watches of substance can one day fetch very high prices.