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Highlights: Phillips Hong Kong Watch Auction – Complications and Enamel SJX Watches
Vacheron Constantin minute repeater pictured above Nov 18, 2019

Highlights: Phillips Hong Kong Watch Auction – Complications and Enamel

Happening in just over a week, the Phillips Hong Kong watch auction is a 321-lot event spread over two days. Notably, the first session is an evening sale titled First, made up of 52 watches consigned by their original owners. The offerings in First, as well as the main sale the next day, are diverse array ranging from a possibly unique Patek Philippe Sky Moon Tourbillon with a black dial, and a wonderfully elegant Vacheron Constantin minute repeater (pictured above) – both consigned by the first owners no less – to vintage sports Rolex watches and Omega Speedmasters. The Sky Moon Tourbillon ref. 5002G Another original owner Patek Philippe grand complication, the ref. 5033P Here we cover some of the complicated watch highlights, while other vintage and sports watches will be featured in a subsequent article. The full catalogue is available on Phillips.com. First, lot 833 – Vacheron Constantin Traditionnelle Perpetual Calendar Chronograph One of the best values in the segment of perpetual calendar chronographs is a pre-owned Vacheron Constantin Traditionnelle Perpetual Calendar Chronograph. This example is in platinum, with a largish 43mm case that is suited to today’s taste for larger watches. The layout is traditional for a perpetual calendar chronograph, though the calendar windows are slightly small relative to the size of the dial. But this has a decorative flourish few of its peers have: the moon phase is a hand-engraved disc of white gold that features a tiny...

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Dubai Watch Week Returns – Nov 20-24 SJX Watches
Grand Seiko Nov 17, 2019

Dubai Watch Week Returns – Nov 20-24

Returning for the fifth time, Dubai Watch Week (DWW) will take place from November 20-24, once again at the Dubai International Financial Centre (DIFC), a sprawling complex of offices, shops, restaurants, and three hotels, which is entirely self contained, making a visit to DWW easy to plan. As is tradition, the event includes exhibitions, watchmaking classes, and talks. Amongst the speakers will be Masayuki Hirota, an eminent Japanese watch journalist and the editor of Chronos Japan, who will be speaking about Grand Seiko. And DWW once again includes the Horology Forum, a series of panel discussions that take place daily. Panellists this year include journalists like Ariel Adams of aBlogtoWatch, watchmakers like Philippe Dufour and Stephen Forsey; brand chiefs including Karl-Friedrich Scheufele of Chopard, Jean-Claude Biver of LVMH, and Benoit Minitiens of Ressence; as well as watch collectors like San Francisco-based Jeffrey Kingston, and Aldis Hodge, an American actor who is also a jury member of the Grand Prix d’Horlogerie de Geneve. And naturally the speakers’ roster also includes prominent local personalities, including collector Hamdan Al Hudaidi and Mohammed Abdulmagied Seddiqi, chief commercial officer of Seddiqi Holding, the parent company of DWW’s organiser. A panel session at DWW 2018 And some newcomers Rolex is taking part for the first time in DWW, and bringing along with it the Oyster Perpetual Submariner exhibition, a series of displays within a sh...

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Highlights: Christie’s Hong Kong Watch Auction Fall 2019 SJX Watches
Audemars Piguet Jules Audemars Equation Nov 15, 2019

Highlights: Christie’s Hong Kong Watch Auction Fall 2019

After a record-setting auction weekend in Geneva, the action moves to Hong Kong in the last week of November. Chatter about the Hong Kong auctions this year are dominated by one watch, the Patek Philippe ref. 2523 twin-crown world time in pink gold with a blue enamel dial, because it carries the highest pre-sale estimate in watch auction history of 55m-110m Hong Kong dollars, or about US$7m-14m. Instead of being sold along with the rest of the watches on November 27, it will be the opening lot in the evening sale of 20th century and contemporary art on November 23. With the top lot in the evening sale – Five Nudes by Sanyu – having an estimate of HK$250m-550m dollars, or about US$32m-70m, the twin-crown world time hardly looks out of place. The Audemars Piguet Jules Audemars Equation of Time But the ref. 2523 aside, the rest of the Christie’s sale is made up of 239 more affordable timepieces, including an ultra-rare Patek Philippe ref. 3651 chronograph and a value-buy Audemars Piguet Jules Audemars Equation of Time in platinum. Here’s a look at highlights from the sale. And the full catalogue can be found here. Lot 2298 – Patek Philippe Nautilus ref. 3800/108G in white gold, with diamonds and emeralds  This is shameless 1990s bling – a Nautilus ref. 3800/108G. The suffix means it’s 18k white gold, fully set with brilliant-cut diamonds and having 11 baguette-cut emeralds for the hour markers. The watch feels weighty in the hand, though the case is compact. An...

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How to justify your watch purchases to your partner, a new series, starting with ‘The Heirloom Defence’ Time+Tide
Nov 14, 2019

How to justify your watch purchases to your partner, a new series, starting with ‘The Heirloom Defence’

MEET THE ENABLER: Defending the indefensible is a tiresome but necessary business. Obviously, we understand that you’ve found a new must-have watch to add to your collection (congratulations!). But the next step, making it happen, may not always fly with non-believers whose reactions will likely range from horror to derision to divorce. That’s where The … ContinuedThe post How to justify your watch purchases to your partner, a new series, starting with ‘The Heirloom Defence’ appeared first on Time+Tide Watches.

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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...

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Only Watch 2019 Post-Auction Thoughts: Smashing Records For A Great Cause Plus The $31 Million Patek Philippe Grandmaster Chime’s Record Grab On Video Quill & Pad
Patek Philippe Grandmaster Chime’s Record Grab Nov 11, 2019

Only Watch 2019 Post-Auction Thoughts: Smashing Records For A Great Cause Plus The $31 Million Patek Philippe Grandmaster Chime’s Record Grab On Video

The buzz around Geneva over the entire week was nothing if not intense: Only Watch 2019 was about to set some records, and people wanted to witness it. Elizabeth Doerr shares the palpable excitement plus a video of the moment Patek Philippe set its $31 million record and more here.

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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.

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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...

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Highlights: Phillips Geneva Watch Auction X SJX Watches
Patek Philippe ref 1463 Nov 10, 2019

Highlights: Phillips Geneva Watch Auction X

With the Double Signed theme auction out of the way, here are a few highlights from Phillips’ Geneva watch auction, including a Lange Zeitwerk that might be a value buy, and a steel Rolex Day-Date prototype. Lot 145 – Lange Zeitwerk in rose gold The Zeitwerk is unquestionably a modern classic – notably, it is probably the most reliable digital display watch on the market – and is relatively good value on the secondary market, selling for a chunk off retail. This example is in rose gold, and is complete with all boxes and paperwork. It was first sold in 2011, and obviously wasn’t worn much sine then. The estimate is just 20,000-40,000 Swiss francs. Lot 179 – Patek Philippe ref. 1463 in steel One of the top lots in the sale, this is a ref. 1463 “Tasti Tondi”, an early water-resistant chronograph by Patek Philippe. But this is in steel, of which only 67 are known, with a two-tone dial, furthering reducing the number known to just 17. The watch is in excellent condition, with a sharply preserved case and original dial, although the dial might have been cleaned in the distant past. The estimate is 300,000-600,000 francs. Lot 209 – Patek Philippe ref. 1518 in yellow gold The ref. 1518 is a landmark, being the first serially produced chronograph with perpetual calendar. This is a good example of the ref. 1518, almost the quintessential version of the model with a yellow gold case. It is clean and in good condition, albeit showing a little bit of age on the dial,...

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Smart Money: 5 of the best buys from Only Watch 2019 Time+Tide
Patek Philippe Grandmaster Chime ref 6300A Nov 9, 2019

Smart Money: 5 of the best buys from Only Watch 2019

Most of the hype around the results of Only Watch 2019 has been wholly and solely squared at the monumental, record-breaking price achieved by the Patek Philippe Grandmaster Chime ref. 6300A, and it’s pretty easy to understand why … it sold for $31 million CHF (roughly $52 million AUD)! However, away from the white noise … ContinuedThe post Smart Money: 5 of the best buys from Only Watch 2019 appeared first on Time+Tide Watches.

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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.

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The Most Expensive Watch Ever – Patek Philippe Grandmaster Chime in Steel for CHF31m SJX Watches
Patek Philippe Grandmaster Chime Nov 9, 2019

The Most Expensive Watch Ever – Patek Philippe Grandmaster Chime in Steel for CHF31m

The Patek Philippe Grandmaster Chime ref. 6300A made for Only Watch 2019 has just made history by selling for 31m Swiss francs – selling to a new face at watch auctions – topping the 23m francs achieved by the Henry Graves Supercomplication and the 17m francs of Paul Newman’s “Paul Newman” Daytona. Before the Grandmaster Chime sold for the record-setting sum, I wrote: A major, outsized finish of 12m or 15m francs, or even more, is possible but only likely if an unexpected, deep-pocketed bidder buys the watch, or manages to push the winner further than expected. I was way off the mark value-wise, but at least half right. The bidding opened with room bids, first a 5m franc bid from gem dealer and auction veteran Claude Sfeir, followed by 10m francs from a prominent SE Asian collector. But the action swiftly moved to phone bidders, all bidding via Christie’s representatives, including Stéphane Von Bueren of the watch department in Geneva. It was a prolonged tussle – with bidding rising in 500,000 franc increments – between Mr Von Bueren’s client and another represented by Wei-Ting Jud of Christie’s London. Once bidding hit 17m francs, there was brief applause as the watch topped the record of Paul Newman’s Rolex Daytona. At 22.5m francs, a new bidder jumped in, represented by Max Fawcett of Christie’s Geneva. From there it was Mr Fawcett against Ms Jud – and another round of applause when the watch surpassed the record set by the Graves Supercompli...

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The 3 mistakes I made buying a vintage watch, my cautionary tale Time+Tide
Nov 9, 2019

The 3 mistakes I made buying a vintage watch, my cautionary tale

How did I accidentally become a vintage watch guy? Partly, I blame the fact that I’ve got the spindly wrists of a teenage girl. That meant I naturally gravitated towards smaller dials. But I also put it down to the tawdry state of my finances. When I first started to get into watches - before the retro … ContinuedThe post The 3 mistakes I made buying a vintage watch, my cautionary tale appeared first on Time+Tide Watches.

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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.

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Hands-On: Chanel J12 The Inseparables “Only Watch” SJX Watches
Richard Mille MB&F; Nov 8, 2019

Hands-On: Chanel J12 The Inseparables “Only Watch”

To mark the 20th anniversary of the J12 this year, Chanel gave its signature timepiece a microscopic yet significant makeover, both inside and out, while preserving the distinct identity that has contributed to the watch’s two-decade success. For Only Watch 2019, the brand created J12 The Inseparables – the very first examples of the new-generation J12 to roll off the line, distinguished by a unique case and bracelet finish. And the pair also happen to be one of the most affordable lots in the auction. The brand has approached these unique iterations in the same manner it approached the revamp – with subtlety and restraint. The pair of watches are both rendered in smooth, matte ceramic, with a tone-on-tone dial. And both are equipped with a special black-coated execution of the new Caliber 12.1 produced by Kenissi, the movement maker that is part owned by Chanel. Matte finish The most apparent difference between the Only Watch pair and the standard version is the matte finish of the ceramic case and bracelet; the standard models have a glossy, polished finish. While the J12 is primarily a women’s watch, especially in this smallish size, the finish of the Only Watch editions come across as more masculine – and also more refined and discreet. And as it always has been, the case measures 38mm. It is made entirely in-house by the brand, thanks to its ownership of G&F; Chatelain, a reputed case and buckle manufacture, whose clients include Richard Mille, MB&F; and Bel...

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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.

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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,...

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