Patek Philippe Reference 130 Mono-Pusher Chronograph In Steel Sells For $5 Million, And Other Such Stories From The First Phillips Geneva Watch Auction

Patek Philippe Reference 130 Mono-Pusher Chronograph In Steel Sells For $5 Million, And Other Such Stories From The First Phillips Geneva Watch Auction

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Another mind blowing result was for the treated steel Vacheron Constantin reference 4178, a watch that Eric depicted here . The gauge was $30-50K, both Eric and I concurred it could break $100,000, yet I don’t think anybody trusted it would sell for more than $270,000. Simply shocking, and as a sweetheart (and proprietor!) of vintage VCs, it’s incredible to see one go insane at sell off.

Some different notables would be the Universal Geneve Tri-Compax for 30,000 CHF, the wonderful Panda Paul Newman at 353,000 CHF, and 68,500 CHF for the Zenith model.

All that said, there were a few watches in the deal that hit great market esteem, yet nothing insane. Truth be told, there were even a couple of arrangements to be had, generally in the vintage Rolex sports classification. For instance, the excellent MilSub 5513 sold for $118,500, which is actually an incredible purchase. The room was saying anybody hoping to purchase a clean MilSub ought to have been offering on that, and basically in light of the fact that it was in a respite in the deal cycle, nobody was focusing.

A perfect and genuine 5514 COMEX sold for 87,500 and a totally executioner, likely unpolished 5510 brought the equivalent, about ideal for the COMEX and on the deal side for the 5510. The 2499 and steel 1463 both brought solid yet market costs – the early APs progressed nicely. The ex-Paramico 570 cut down a meriting 257,000 CHF.

It ought to be noticed that cutting edge, standard creation watches in the deal didn’t profit by any premium and sold for their road esteem (perhaps +10%?) and as I expressed above, there were in reality a few arrangements to be had the previous evening. Indeed, the extraordinary watches went insane and our feature is confirmation of that, yet those outcomes were for incredibly uncommon and significant watches, not simply your normal creation pieces. I don’t really accept that they ought to be taken as a portrayal of the business at large.

Overall, the Phillips group demonstrated that they were capable of getting the best purchasers and merchants the world and they’ll be back in November for another multi-parcel deal, yet for Only Watch 2015. The deal surely reestablished some trust on the lookout, and all bartering houses ought to be grateful for that.

You can see all outcomes from the previous evening’s deal here .

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