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Results for Universal Genève

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In the Eye of the Storm – A Letter From Geneva SJX Watches
Rolex which just closed all Mar 17, 2020

In the Eye of the Storm – A Letter From Geneva

Switzerland has declared a state of emergency as a result of the COVID-19 coronavirus. Almost everything is closed, including schools, shops, and restaurants, with only businesses offering the basic necessities, like banks and supermarkets, being allowed to open. There is bad news from Switzerland’s neighbours as well; the virus has spread fast in Italy. A recent poll showed that only 8% of the Swiss population feel they are in great danger. I can assure you that 100% of watch brands are feeling the pressure. Many watch factories, particularly the privately-held brands, have shut down completely or are about to. That includes Rolex, which just closed all its facilities for two weeks starting March 17. Watch sales are falling all around the world, with some brands suffering drops of 30-40% in February, and duty-free sales – which are substantial for the watch industry – falling by up to 90% in major airports. We have seen many crises, but this is unprecedented. But the biggest blow to the industry so far – the cancellation of the major watch fairs, Watches & Wonders (W&W;) and Baselworld. Even though very little is actually sold at the fairs, they were universal events that brought everyone together, almost like an annual reunion of old friends (and competitors). The fairs were a major, major part of the larger imagination, so the cancellations feel like a massive blow for everyone in the industry. The accelerating fallout First, the timeline of the virus’ i...

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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...

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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...

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