Live from London: George Daniels Space Traveller I Sells for US$4.56m
The George Daniels Space Traveller I, one of the most important watches of the 20th century, has just sold at Sotheby’s in London for £3.62m, or about US$4.56m, all fees included. That makes the Space Traveller I the most expensive watch sold in 2019 so far – though it will doubtlessly be eclipsed by the Patek Philippe Grandmaster Chime in steel for Only Watch – and the most expensive watch ever by an independent watchmaker. A big boost to Sotheby’s market share in watch auctions, the record-setting Daniels was the final lot in the first auction of Masterworks of Time, the sale of a collection of over 800 pocket watches owned by Erivan Haub, the late German supermarket tycoon. The last time the Space Traveller was sold was in 1988, where Haub paid 220,000 Swiss francs for it at Sotheby’s in Geneva. Prior to that, the watch was been sold by London antique watch dealer Bobinet in 1982 to a collector by the name of Jay Lennon. In almost forty years, the Space Traveller has had only three owners. The auction Having concluded just over an hour ago, the auction took place on a pleasant summer’s day in London, but it was slow going in the half-filled room. The average age of the attendees was notedly higher than that for a wristwatch auction, reflecting the niche nature of pocket watch collecting. But a crowd started to form as soon as it came to the Space Traveller, and the atmosphere perked up. Bidding started out as a tussle between an absentee bidder...
Time+Tide
