It's the time of year when the auction houses are getting all their timepieces prepared for the start of an exciting season.
We've said it here many times before, vintage watches — and gently used newer, collectible watches — hold their value and even gain in value. The auctions are evidence of that. In fact, this fall, we will see top lots coming from Christie's, Sotheby's, Antiquorum and Phillips Auction houses, as well as from a few smaller auctioneers.
Antiquorum Auctioneers has just announced its October sale of “Important Modern & Vintage Timepieces” to be held on October 8th at The Roosevelt Hotel in New York City. There will be 324 outstanding timepieces up for bid, including an impressive selection of A. Lange & Sohne, Breguet, Patek Philippe, Omega and Rolex watches, among others.
Phillips in Association with Bacs & Russo, has also announced its November sale: FOUR. This auction is expected to break all records — as several truly unusual finds will be sold, including a rare stainless steel Patek Philippe Reference 1518 that has never been on the block before. Additionally, there is a fine prototype Omega Alaska II watch being auctioned.
Expected to sell for between 100,000 and 200,000 CHF, the Speedmaster Professional “Alaska II” Project watch demonstrates the brand’s long-standing work in space travel. Built in 1970, this is one of just three Alaska II watches ever made for the secret project Omega worked on to create the perfect space watch. The watch, considered a “holy grail” Speedmaster, is sold with the original red anodized aluminum protective overcase that was to act as a heat shield. The watch features a snow-white matte dial with black racing hands and “Apollo” style register hands for the chronograph hours and minutes. One of the two siblings of this prototype watch resides in the Omega Museum, and the other is privately owned.
We will keep you posted of auction results, but want to remind our watch lovers that a watch can be a true investment item. Stop in any time to talk to us about vintage timepieces.