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Auction Watch: “New Old Stock” Rolex Milgauss Ref. 1019 and F.P. Journe Octa Chrono 38 mm SJX Watches
F.P. Journe Octa Chrono 38 mm Feb 1, 2022

Auction Watch: “New Old Stock” Rolex Milgauss Ref. 1019 and F.P. Journe Octa Chrono 38 mm

A newcomer to the world of watch auctions, Loupe This was founded by a pair of industry veterans and operates in a distinctly 21st century manner: sales are conducted entirely online, with about ten watches on the block at any one time. The offerings on Loupe This are diverse. In December 2021 it sold an example of our Habring2 Erwin “Star” for US$15,400 including fees, while the latest to go under the hammer are two interesting, long-discontinued watches from notable watchmakers based in Geneva – but otherwise radically different. One is the a Rolex Milgauss ref. 1019 – in pristine, “new old stock” condition – and the other, an F.P. Journe Octa Chronographe 38 mm. Rolex Milgauss ref. 1019 Produced from 1960 to 1988, the ref. 1019 was the longest-running reference of the Milgauss, the brand’s famous magnetism-resistant watch conceived for engineers and nuclear scientists. Despite the lengthy production run, the ref. 1019 is relatively rare because the model wasn’t produced in sizeable numbers for the simple reason that it didn’t sell well. In fact, Rolex discontinued the Milgauss altogether in 1988, before reviving it some two decades later. While the rarity certainly boosts its appeal, the ref. 1019 is attractive and unusual for being one of the most fuss-free Rolex “Professional” sports watch. The ref. 1019 is also the simplest version of the Milgauss, doing without the rotating bezel or “lightning” seconds hand found on earlier models. It ...

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