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The 1990 Lange Revival A. Lange & Söhne

A. Lange & Söhne revived 7 December 1990, exactly 145 years after the 1845 founding. Walter Lange + Günter Blümlein; 1994 launch of Lange 1, Saxonia, Arkade, Tourbillon Pour le Mérite.

Auction Report: Albert Piguet Double-Balance Resonance Watch Sells for CHF250,000 SJX Watches
Vacheron Constantin Nov 12, 2019

Auction Report: Albert Piguet Double-Balance Resonance Watch Sells for CHF250,000

One of the most interesting lots in the second instalment of Masterworks of Time at Sotheby’s that just concluded was a seemingly unassuming pocket watch with an estimate of just 7,000-10,000 Swiss francs. But the pocket watch contains a movement with a single gear train driving double balance wheels linked by a differential, constructed to keep time according to the principles of resonance. This is one of the very movements that inspired Philippe Dufour to create the Duality. And its appearance at auction comes at an opportune time, with F.P. Journe going to launch an entirely new Resonance movement in 2020. The Philippe Dufour Duality Mr Piguet of Lemania The movement was made by Albert G. Piguet (1914-2000), a noted watchmaker who finished the movement in 1933, just before graduating from the École d’Horlogerie in Le Sentier, then the premiere watchmaking school in the Vallee de Joux. He joined movement maker Lemania after graduation, and eventually rose to technical director. Piguet stayed in that role from 1948 to 1980, during which he helped develop numerous calibres, including the important CH27 chronograph movement that later became the cal. 321 found in the early Omega Speedmaster Moonwatch, and also the cal. 2310 used by the likes of Patek Philippe and Vacheron Constantin. Piguet’s 1933 pocket watch movement is just one of six produced between 1932 and 1934 by students at the watchmaking school, working under the tutelage of headmaster Marcel Builleumi...

Tudor’s Black Bay Ceramic One sold for a ridiculous amount at Only Watch 2019 Time+Tide
Tudor s Black Bay Ceramic Nov 11, 2019

Tudor’s Black Bay Ceramic One sold for a ridiculous amount at Only Watch 2019

If history is anything to go by, we shouldn’t have been surprised at news coming out of Only Watch 2019 that Tudor’s entry into the charitable auction, the Black Bay Ceramic One, had sold for a staggering 350,000 CHF ($515,000 AUD). In fact, for Tudor’s third pièce unique entered into Only Watch to do anything … ContinuedThe post Tudor’s Black Bay Ceramic One sold for a ridiculous amount at Only Watch 2019 appeared first on Time+Tide Watches.

Auction Report: What Went Down at Only Watch 2019 SJX Watches
Audemars Piguet chief executive Francois-Henri Bennahmias Nov 11, 2019

Auction Report: What Went Down at Only Watch 2019

Only Watch 2019 is the biggest watch auction ever – and it was the most exciting sale in a notably quiet Geneva auction season – with 50 lots selling for 38.59m Swiss francs. The last Only Watch auction in 2017 raised a mere 9.29m francs in comparison. And of course 31m francs of that came from just one watch, the Patek Philippe Grandmaster Chime in steel, which went to a determined buyer from Asia bidding via telephone with Wei-Ting Jud of Christie’s London. Presided over by Christie’s jewellery department head Rahul Kadakia, the best watch auctioneer who is not a watch specialist, the saleroom in Geneva’s Four Seasons Hotel des Bergues was jam-packed, so full even Audemars Piguet chief executive Francois-Henri Bennahmias had to stand. And there was even a famous face in attendance, or at least in the same building – former Thai prime minister Thaksin Shinawatra, who is a a known watch collector, was spotted in the lobby of the hotel. Luc Pettavino, who founded only watch after his late son was stricken by Duchenne muscular dystrophy, the very disease that Only Watch raises funds to research a cure. Photo – Alex Teuscher Photography Though the Patek Philippe accounted for most of the sale proceeds – which all go to a medical charity – the other 49 lots in the auction still sold for an average of 155,000 Swiss francs, which is well above the average for a watch auction. The Antiquorum watch auction that took place a day later, for instance, averaged only...

Seiko’s Prospex LX Line Diver emerges from GPHG as a winner Time+Tide
De Bethune Nov 11, 2019

Seiko’s Prospex LX Line Diver emerges from GPHG as a winner

Seiko’s fit for purpose range of Prospex LX Line Diver’s watches has beaten some tough competition from the likes of Longines, Ressence and De Bethune to take home the award for best Diver’s watch at GPHG 2019. This is an important win for the Japanese manufacturer for two reasons: firstly, the winning Seiko is a … ContinuedThe post Seiko’s Prospex LX Line Diver emerges from GPHG as a winner appeared first on Time+Tide Watches.

Business News: Citizen Sticks with Baselworld for 2020 SJX Watches
Frederique Constant Alpina Nov 10, 2019

Business News: Citizen Sticks with Baselworld for 2020

Shortly after Seiko announced it was pulling out of Baselworld 2020, fellow Japanese watchmaker Citizen announced it was staying put, along with all of its subsidiary brands, save for Arnold & Son. According to a report in Chronos Japan, the decision was made in the summer, after some internal debate as to whether or not to remain in Baselworld, where Citizen has long boasted one of the most avant-garde booths, year after year. The Citizen booth at Baselworld 2019 Citizen – which launched a record-setting quartz watch at Baselworld 2019 – might have moved to the recently announced Watches & Wonders in Geneva, but that did not happen. So the brand, along with its subsidiaries Bulova, Frederique Constant, Alpina, and Miyota, will continue to exhibit at Baselworld. Only Arnold & Son, a relatively high-end Swiss brand also owned by Citizen, will exhibit at Watches & Wonders. According to an industry source, the remaining major Japanese watchmaker, G-Shock maker Casio, will also continue to show at Baselworld. Source: Chronos Japan  

GPHG “Innovation” Prize given to Vacheron Constantin Traditionnelle Twin Beat Perpetual Calendar Time+Tide
Vacheron Constantin Traditionnelle Twin Beat Perpetual Nov 10, 2019

GPHG “Innovation” Prize given to Vacheron Constantin Traditionnelle Twin Beat Perpetual Calendar

It’s been a very busy week of watches in Geneva, with Only Watch 2019 setting new records, and the Grand Prix d’Horlogerie de Genève (GPHG) awarding prizes to some of the best watches of the year (which included some upsets). Amidst the clamour and drama of the GPHG, where the pitting of brands head to … ContinuedThe post GPHG “Innovation” Prize given to Vacheron Constantin Traditionnelle Twin Beat Perpetual Calendar appeared first on Time+Tide Watches.

Top 3 most expensive watches sold at Only Watch 2019, also featuring Audemars Piguet and F.P. Journe Time+Tide
Audemars Piguet Nov 9, 2019

Top 3 most expensive watches sold at Only Watch 2019, also featuring Audemars Piguet and F.P. Journe

Patek Philippe’s entry into Only Watch 2019, the one-of-a-kind stainless steel Patek Philippe Grandmaster Chime ref. 6300A, has just smashed, in fact obliterated, the record for the most expensive watch ever sold at auction. But it wasn’t just the Patek that stretched into the seven-figure stratosphere at the charitable auction last night, as two other … ContinuedThe post Top 3 most expensive watches sold at Only Watch 2019, also featuring Audemars Piguet and F.P. Journe appeared first on Time+Tide Watches.

WATCH DISASTERS #1 – Ken’s prodigal GMT-Master II Time+Tide
Nov 9, 2019

WATCH DISASTERS #1 – Ken’s prodigal GMT-Master II

Watch Disasters is a new series on Time+Tide that describes, in chilling detail, incidences when owning an expensive watch goes wrong. This is not going to be comfortable reading, so prepare for the pain. Admittedly, this is a bit of a soft start. The ‘prodigal’ in the title gives it away. If you have a … ContinuedThe post WATCH DISASTERS #1 – Ken’s prodigal GMT-Master II appeared first on Time+Tide Watches.

RECOMMENDED WATCHING: Joe Rogan talks watches Time+Tide
Nov 8, 2019

RECOMMENDED WATCHING: Joe Rogan talks watches

Unless you’ve been in hibernation for the last five years, or you’ve had a complete moratorium on any type of connection to the Internet, chances are you’ve heard about Joe Rogan and his podcast. In fact, the comedian and former host of Fear Factor has such a large reach on the interwebs that his podcast … ContinuedThe post RECOMMENDED WATCHING: Joe Rogan talks watches appeared first on Time+Tide Watches.

Business News: Richemont Reports Flat Watch Sales and Losses Online SJX Watches
Vacheron Constantin as enjoying Nov 8, 2019

Business News: Richemont Reports Flat Watch Sales and Losses Online

Having just announced its six-month results to the end of September, luxury conglomerate Richemont eked out a rise in sales driven by its jewellery division, with its online business staying in the red and watchmakers showing no growth. Sales rose 9% increase to €7.397 billion, with a stable net profit of €869 million, based on actual exchange rates. The group reported double-digit sales growth in China, Korea, Japan, the US and the United Kingdom. But overall sales in Asia Pacific, which accounts for 37% of the group’s sales, has been subdued, mostly due to the political unrest in Hong Kong, which accounts for around 10% of the group’s revenue. The city saw sales drop by double digits. Richemont’s jewellery brands, namely Cartier and Van Cleef & Arpels, though it just added Buccellati to its portfolio, reported an 8% rise in sales. Notably, it was led by a higher increase in watch sales than jewellery. Prospects for the group’s watch brands, which include IWC and Panerai, have been muted due to the slump in its biggest market, Hong Kong. Richemont singled out Panerai, A. Lange & Söhne and Vacheron Constantin as enjoying the highest growth within the watch division, which is notable for the fact that these brands are not usually the drivers of growth, at least in recent years. The A. Lange & Söhne Odysseus, launched too late to help sales but its maker did well anyway In terms of sales channels, retail sales at Richemont’s own stores were up by 4%, but who...

Breguet has nailed it for Only Watch 2019 Time+Tide
Breguet has nailed it Nov 7, 2019

Breguet has nailed it for Only Watch 2019

Only Watch 2019 is now less than 24 hours away from kicking off, and Breguet has really knocked it out of the park with their entry in this year’s charitable auction. The Breguet Type XX Only Watch 2019 is, I think we can all agree, a handsome timepiece, and that’s largely because the pièce unique … ContinuedThe post Breguet has nailed it for Only Watch 2019 appeared first on Time+Tide Watches.

Highlights: Phillips ‘Double Signed’ Geneva Auction Part II SJX Watches
Audemars Piguet Gobbi” chronograph Nov 7, 2019

Highlights: Phillips ‘Double Signed’ Geneva Auction Part II

Here’s part II of highlights at Phillips’ Double Signed auction – you’ll find the first part here – including a lovely Audemars Piguet “Gobbi” chronograph with a green gold dial, as well as a gorgeous Patek Philippe Ref. 1463 “pink on pink” that’s more affordable than usual, for a reason. Lot 35 – Patek Philippe ref. 2499 in pink gold “Trucchi” The most valuable lot in the sale, with an estimate over 1.2m francs, is the Patek Philippe ref. 2499 third series in pink gold. It’s one of only six pink gold third series watches known; in fact, the total number of ref. 2499s in pink gold across all four series totals just 23. And this is the only one with the “Trucchi” signature on the dial, having been sold by the retailer in Naples that’s still in operation today. According to Phillips, it was sold by Trucchi to an Italian-American doctor in 1972, who then sold it to the consignor who sold the watch at auction in 1999 at Antiquorum in Geneva. It sold for almost 700,000 francs then, making it one of the most expensive watches in the world at the time. The watch is in exemplary condition, albeit with one quirk: the crystal is sapphire instead of PlexiGlas as is standard for the third series. Found only on fourth series ref. 2499s, the sapphire crystal and accompanying bezel was presumable installed by Patek Philippe in the 1980s according to Phillips, since the watch already had a sapphire crystal when it was sold in 1999. Lot 50 – Patek Phili...

Highlights: Phillips ‘Double Signed’ Geneva Auction Part I SJX Watches
Vacheron Constantin tourbillon pocket watch ref Nov 7, 2019

Highlights: Phillips ‘Double Signed’ Geneva Auction Part I

Phillips’ thematic auction this season is titled Double Signed: A Celebration of the Finest Partnerships Between Manufacturers and Retailers, with a catalogue composed of watches with retailer signatures mostly on the dial, but occasionally on the case back. Though a retailer signature in itself does not make a great watch, many watches in the sale are already superb watches, but made even more special by the retailer’s mark, like the Rolex GMT-Master ref. 6542 below. More broadly, Double Signed is more historically evocative than most other thematic auctions, because many of the retailers cited within represent a particular time and place that is long gone, even if the retailer remains in business. Examples include Serpico y Laino of Caracas, which no doubt prospered during Venezuela’s good times that are now long forgotten, or Le Palais Royal of Havana that was the island’s premiere retailer before the Communist revolution. Here’s part one of the roundup of highlights from the sale. (And part II is here.) Lot 11 – Vacheron Constantin tourbillon pocket watch ref. 92244 “Asprey” One of the most proper examples of haute horlogerie in the sale is this Vacheron Constantin pocket watch that contains an observatory-certified tourbillon movement from the 1940s, though the watch was only finished and sold in 1992. It’s believed that in the 1990s, Vacheron Constantin discovered a small number of tourbillon movements that had been tested and certified as chronomet...

Breaking News: Seiko Exits Baselworld 2020 SJX Watches
Citizen has been relegated Nov 7, 2019

Breaking News: Seiko Exits Baselworld 2020

Switzerland’s biggest watch and jewellery fair will see one of its biggest exhibitors, Seiko, depart next year reports Yasuhito Shibuya of Chronos Japan. A Baselworld exhibitor since 1986, the Japanese watchmaker joins the stream of brands that have been departing the event since industry giant Swatch Group’s shock exit last year. According to Mr Shibuya, Seiko’s official reason for leaving is “because the opening time of Baselworld in 2020 is later than usual”, happening in May instead of the traditional March. Mr Shibuya also adds: “The fair happens a month later, coinciding with the Golden Week in Japan – a period with four consecutive national holidays within seven days. This is a particularly disappointing time for Japanese watchmakers.” “From the location of the booth to the floor plan of the fair [with Seiko’s booth on the second level], I do not think that Seiko has received equal treatment [as compared to Swiss brands]” noted Mr Shibuya. Despite its importance, both commercially and culturally, Seiko, along with fellow Japanese brands Casio and Citizen, has been relegated to the upper floor of the main exhibition hall since the venue’s lavish redesign in 2013. The loss of Seiko is no doubt a major blow to Baselworld, which has historically been a cash cow for exhibition organiser MCH Group, which also owns the Art Basel franchise. Instead of Baselworld, Seiko will launch its new products earlier in the year. However, according to a Seiko...

Hands-On: Audemars Piguet Code 11.59 Tourbillon Openworked “Only Watch” SJX Watches
Audemars Piguet Code 11.59 Tourbillon Openworked Nov 7, 2019

Hands-On: Audemars Piguet Code 11.59 Tourbillon Openworked “Only Watch”

At Only Watch 2017, Audemars Piguet’s Royal Oak Perpetual Calendar in black ceramic – but with a one-off blue dial – sold for a whopping 800,000 Swiss francs, with two phone bidders driving it to nearly seven times the high estimate. It was the third most expensive watch in the sale. This year’s contribution is no Royal Oak – far from it – but it’s surprisingly worthy of a second look. In fact, it’s probably the best-looking watch to emerge from the brand’s often criticised Code 11.59 line. Amidst the flak heaped upon it, the Code 11.59 range had a couple of standouts, including the Tourbillon Openworked. And that’s where AP started for Only Watch 2019. The Tourbillon Openworked Only Watch retains the slim, beautifully finished skeleton movement, eschewing the contentious Code 11.59 dial altogether. And the movement has a two-tone finish that smartly highlights the most important mechanical components. To match the movement, the Only Watch edition features a two-tone case that does justice to the Code 11.59 construction in a way the uniform colour of the standard models simply couldn’t. Superbly constructed In terms of size, the case is identical to the standard model – 41mm by 10.7mm. Beyond immediate impressions, the case is wonderfully constructed with a subtle and intriguing mix of shapes and finishing made obvious by the two-tone materials. The octagonal case middle is pink gold, while the rest of the case, including the lugs, are white gold,...

Up Close: Patek Philippe Ref. 3652 Minute Repeater “Golay Fils & Stahl” SJX Watches
Patek Philippe Ref 3652 Minute Repeater Nov 5, 2019

Up Close: Patek Philippe Ref. 3652 Minute Repeater “Golay Fils & Stahl”

The most intriguing watch in Phillips’ upcoming Double Signed auction is by far the smallest watch in the sale – it’s the Patek Philippe ref. 3652 that’s just 31mm in diameter. In fact, the ref. 3652 is a dead ringer for a Calatrava ref. 96 from the 1930s. But – the ref. 3652 is a unique reference produced during a brief period when Patek Philippe is known to have made a handful of remarkably interesting, one-off timepieces. All were powered by vintage movements, and some were vintage watches freshly re-cased. One example is the ref. 3651, a chronograph re-cased in the late 1980s of which only a handful are known. Most of these watches are now in its museum; some of them were made for Philippe Stern himself, who was then running the company alongside his father, Henri. The ref. 3652 was one such reference, created as a custom watch for a client. It’s a minute repeater made in 1985, but powered with a ladies’ watch movement from the early 20th century. And it has a fired enamel dial signed “Golay Fils & Stahl” – which was a watchmaker itself a century before. At 31mm, the watch is tiny by any standard. That’s compounded by the fact that the lugs are set widely apart, making the case seem even smaller. If not for the slide on the case, it would easily pass as a ref. 96, the quintessential Calatrava model that Patek Philippe produced for some four decades until 1973. But the ref. 3652 is neither a ref. 96 nor a vintage watch, which is why it’s inte...