Auction Report: Only Watch 2021
Only Watch 2021 was a landmark for the biennial charity auction in both scale and value. Organised by Christie’s, the ninth edition of Only Watch just took place in Geneva, with 53 timepieces having been sold for CHF30 million, or about US$32.8 million. Held for the first time in Palexpo, the sprawling convention centre near Geneva’s airport, Only Watch 2021 saw a turnout of over 850 people inside the cavernous room, a massive uptick in attendance compared to the one or two hundred in past years. People and faces Practically everyone who is someone in Swiss watchmaking turned up, including Thierry Stern of Patek Philippe, Frederic Arnault of TAG Heuer, Tudor chief executive Eric Pirson, as well as independent watchmakers like Kari Voutilainen and Francois-Paul Journe. Even Aurel Bacs and Alex Ghotbi of rival auction house Phillips were spotted seated in the room. Some of the boldface names were also bidding on lots in the auction, including Francois-Henri Bennahmias of Audemars Piguet who bid enthusiastically on the Chanel J12 pair and Jean Arnault of Louis Vuitton La Fabrique du Temps who was after a creation by an independent watchmaker. While there were watch collectors from around the world present – including a contingent from Dubai Watch Club – there were fewer Asian bidders in the room compared to past years, presumably because of the travel restrictions still in place in most Asian countries. That said, many of the crucial bidders from Asia did turn up, inc...
Time+Tide
