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Highlights from the Fall Geneva Auctions

Highlights from the Fall 2018 Geneva Auctions. Patek Philippe reference 3974. Rolex ref. 6236 “Jean-Claude Killy”. Rolex Sea-Dweller ref. 1665 “Single Red” prototype. Patek Philippe ref. 2499 Serpico y Laino. Thomas Prescher Trilogy No. 5. Rolex Submariner “Milsub” ref.5517
During the past few days, Antiquorum, Christie’s, Phillips and Sotheby's offered important watches in four auctions held in Geneva. All together, these sales raised the impressive amount of more than Swiss Francs 54 million.


Held over two days (November 10 and 11), the “Geneva Watch Auction: EIGHT” organised by Phillips Watches realised a total of CHF 21,359,750 surpassing the pre-sale high estimate with many of the 222 lots offered.

Leading this weekend’s results was a rare platinum Patek Philippe reference 3974 (lot 78A), one of only eight publicly known in platinum, which sold for a remarkable CHF 1,032,500. Created under the guidance of Philippe Stern, this reference was launched in 1989 to celebrate Patek Philippe’s 150th anniversary and features an in-house self-winding movement with minute repeater, perpetual calendar, 24-hour indication and phases of the moon.


There were strong results across all models for Rolex, including a new world record for a Rolex reference 6236, a chronograph wristwatch with triple calendar also known as the “Jean-Claude Killy”, from the name of the famous French ski racer and Rolex ambassador. One of the best-preserved example to ever come to auction, the steel “Killy” (lot 42) realised CHF 702,500 breaking its own world record in the process.


Another highlight of the evening was the historically important Rolex Sea-Dweller reference 1665 “Single Red” (lot 174), a prototype in stainless steel with no helium valve case which sold for CHF 708,500 therefore setting a new world record for a Rolex Sea-Dweller.


A limited edition in platinum of a Tourbillon Souverain model produced by F.P.Journe in 1998 (lot 14) smashed the high estimate of CHF 180,000 selling for the amount of CHF 468,500. Bearing number 16/20, this rare timepiece is in almost brand new unworn condition and accompanied by original fitted box, original invoice/order document, technical drawings and product literature.



The Antiquorum “Important Modern & Vintage Timepieces” auction was held on Sunday the 11th and totalled CHF 8,075,892. Sold lots included a rare and technically remarkable Jaeger LeCoultre Gyrotourbillon in black platinum produced in 2010 (lot 225) which achieved the amount of CHF 197,000. The number 2 of a limited edition of just 5 pieces, this model features an inclined light-weight two-cage multi-axis spherical tourbillon, two barrels with sapphire covers, equation of time, perpetual calendar with retrograde month indication, leap-year indication, patented instant date display by means of two retrograde hands, and power reserve indication.



On November the 12th, Christie’s “Rare Watches” auction realised a total of CHF 13,310,688. The star of this auction was lot 234, a Patek Philippe yellow gold perpetual calendar chronograph wristwatch with moon phases ref. 2499, first series, manufactured in 1952 and retailed by Serpico y Laino, Caracas. With an initial estimate of CHF 1,500,000 - CHF 2,500,000, the watch sold for CHF 3,252,500. The rarity of reference 2499 (only 349 watches produced in 35 years) as well as the exceptional conditions of this piece — the only reference 2499 across the entire production run to have ‘Serpico y Laino Caracas’ on the dial — are some of the key reasons that contributed to the exceptional result.


Lot 110, a rare and early stainless steel Omega Speedmaster chronograph, Broad Arrow model ref. 2915-1, manufactured in 1958, realised CHF 125,000. The watch was completed by a stainless steel first-generation bracelet ref. 7077 with deployant clasp and the Omega Extract from the Archives confirming production in 1958 and subsequent shipment to Mexico.


A platinum triple axis flying tourbillon wristwatch (lot 32) created by watchmaker Thomas Prescher in 2007 realised CHF 175,000. This model, the Trilogy No. 5, also features a constant force mechanism, and a made-to-order onyx dial.



The day after, another Patek Philippe perpetual calendar chronograph wristwatch ref. 2499 significantly contributed to the Sotheby’s “Important Watches” auction total of CHF 12,208,000.

Produced in 1952 and retailed by Asprey as evidenced by the dial, the lot 220 was sold for an amount of CHF 3,915,000. 


Lot 238, a Rolex Submariner “Milsub” ref.5517 made for the British Armed Forces in 1978, sold for CHF 218,750.


The high valuation is due to its rarity. Throughout the 1970s Rolex supplied its Submariner model to the British Military for use by the Special Forces. Over the course of the decade around 1,200 pieces were manufactured for the Armed Forces. Utilising references 5513 and 5517, these watches were altered to meet military specifications becoming particularly attractive for collectors. Military Submariner dials are marked with a letter T above the depth rating, the lugs feature fixed bars, and the case backs are engraved with a Military issue number, supply date and the famous ‘Broad Arrow’. On some 5513, and all 5517 (as with the present lot), Rolex fitted wider ‘Sword’ hands and a new bezel calibrated in its entirety to 60 units.


For the full lists of the lots that were sold at these auctions, just follow the links below:

Phillips: “Geneva Watch Auction: EIGHT”, Geneva, 10 and 11 November 2018

Antiquorum: “Important Modern & Vintage Timepieces”, Geneva, 11 November 2018

Christie’s: “Rare Watches”, Geneva, 12 November 2018

Sotheby’s: “Important Watches”, Geneva, 13 November 2018

COMMENTS

Name

A. Lange & Sohne,137,Accutron,1,AkriviA,10,Alain Silberstein,3,alarm,16,Alpina,14,Andersen Geneve,2,Andersmann,2,Andreas Strehler,5,Angelus,5,annual calendar,43,Anonimo,15,Anthony de Haas,1,Antiquorum,4,Antoine Martin,2,Antoine Preziuso,1,Apple,2,Apple Watch,2,Aquadive,2,Aquastar,1,Armin Strom,76,Arnold and Son,26,Artime,1,Astarwatch,1,Atelier de Chronometrie,1,Ateliers deMonaco,2,Atmos,1,Auctions,91,Audemars Piguet,92,Autodromo,1,automaton,2,BA111OD,1,Ball Watch,1,Bamford,2,Baselword 2022,1,Baselworld,8,BaselWorld 2013,50,BaselWorld 2014,53,Baselworld 2015,69,Baselworld 2016,27,Baselworld 2017,64,Baselworld 2018,75,Baselworld 2019,41,Baselworld 2020,2,Baume,4,Baume & Mercier,11,Baume et Mercier,65,Bell & Ross,39,Bernhard Lederer,4,Bernhard Zwinz,1,bespoke,1,Blancpain,92,blue dial,3,Bonhams,2,Bovet,12,Brands histories,1,Breguet,122,Breitling,71,Bremont,1,Bremont Watch Company,4,Breva,2,bronze,28,Bücherei,1,Bucherer,1,Bulgari,114,Bulova,2,Burberry,1,C3H5N3O9,1,carbon,3,carillon,3,Carl F. Bucherer,4,Carl Suchy,1,Carrera,17,Cartier,46,ceramic,20,Certina,11,Chanel,4,Chaumet,3,chiming hour,13,Chopard,42,Christiaan van der Klaauw,1,Christie's,9,Christophe Claret,5,Christopher Ward,14,chronograph,717,chronometer,38,Chronoswiss,6,Citizen,3,co-axial,1,column-wheel,7,complete calendar,27,complications,88,concept watch,5,Concord,1,constant-force,39,Corum,18,Credor,1,CSEM,1,Cuervo y Sobrinos,1,Cyrus,32,Czapek,8,Dan Niederer,1,Davosa,1,Daytona,7,De Bethune,28,de Grisogono,3,dead seconds,21,Delma,1,detent escapement,4,DeWitt,9,digital display,1,dive watches,56,diving,8,diving watches,377,double regulator,3,Doxa,34,drei,1,dress watches,504,dual time,101,Ebel,2,Eberhard,35,Edouard Koehn,5,Edox,6,El Primero,41,Emile Chouriet,1,Emmanuel Bouchet,1,Emmanuel Breguet,1,enamel dial,12,enamelling,15,Equation of time,9,ETA,1,Eterna,18,exhibitions,1,F.P.Journe,38,Faberge,2,factory tours,3,Favre-Leuba,1,feature article,82,features,118,Felipe Pikullik,2,Ferdinand Berthoud,7,flyback,55,Fondation de la Haute Horlogerie,1,Formex,1,Fortis,9,Franc Vila Founder,1,Franck Muller,7,Frederic Jouvenot,1,Frederique Constant,15,Furlan Marri,1,FVF,1,Gallet,1,Garrick,1,Geneva Watchmaking Grand Prix,8,Georg Jensen,1,George Daniels,4,Gerald Charles,2,Gerald Genta,12,Girard-Perregaux,47,Glashuette,19,Glashuette Original,88,Glashütte,33,Glashütte Original,121,Glycine,4,GMT,126,GoS,1,GoS Watches,1,GPHG,20,GPHG 2020,3,GPHG 2021,3,GPHG 2022,3,GPHG 2023,3,GPHG2019,1,Graham,6,Grand Feu,5,Grand Prix d’Horlogerie de Geneve,16,Grand Seiko,33,Grande Complication,28,Grande Sonnerie,8,Greubel Forsey,38,greubelforsey,1,Gronefeld,10,Grönefeld,8,Grossmann,3,guilloché,8,H. Moser and Cie,49,H20 Watch,1,Habring,10,Habring2,11,Hajime Asaoka,2,Hallmark of Geneva,2,Hamilton,37,hands-on,118,Hanhart,15,Harry Winston,11,Hautlence,6,Hermes,26,Heuer,2,high jewellery,2,high-frequency,3,Hublot,59,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,16,Icon,1,In pictures,17,independent watchmaker,35,industry news,227,interview,8,Interviews,8,IWC,166,Jacques Bianchi,1,Jaeger-LeCoultre,123,Jaquet Droz,58,Jean-Francois Mojon,1,Jean-Marc Pontroué,1,JeanRichard,3,jumping hours,36,Junghans,11,Kaj Korpela,1,Kari Voutilainen,10,Kenissi,1,Kollokium,1,Korpela,1,Krayon,4,Kudoke,5,Kurono,2,L.Leroy,1,L'Epee 1839,1,Labails,1,Ladies watches,190,Lang & Heyne,4,Lang 1943,1,Lange,48,large date,3,Laurent Ferrier,25,Laureus,2,Le Garde Temps,1,Lederer Watches,4,Leica,3,Lemania,1,Leroy,4,Linde Werdelin,2,Longines,93,Louis Erard,26,Louis Moinet,7,Louis Vuitton,1,luxury steel watch,24,LVMH,10,LVMH 2020,6,M.A.D.Edition,3,M.A.D.Editions,3,Maîtres du Temps,1,Manufacture Contemporaine du Temps,3,Manufacture Royale,3,Marc Lang,1,marine chronometer,2,Marqueterie,1,Maurice de Mauriac,2,Maurice Lacroix,26,MB&F,64,MCT,1,MeisterSinger,90,meteorite,3,metiers d'art,2,Mickey Mouse,2,Mido,59,military watches,14,Minerva,3,Ming,1,Minute Repeater,62,monopusher chronograph,4,Montblanc,57,moon phases,121,Moritz Grossmann,31,Moser,44,Muhle,6,Mühle-Glashütte,5,mystery watches,4,Nautilus,12,New Britain Corp,1,new watches,3587,Nivada,2,Nomos,76,Norqain,31,Ochs und Junior,6,Officine Panerai,103,Omega,190,Only Watch,15,Only Watch 2015,4,Only Watch 2017,2,Only Watch 2019,3,Only Watch 2021,4,Only Watch 2023,10,Oris,42,paillonne,1,Panerai,106,Parmigiani,14,Parmigiani Fleurier,33,Pascal Coyon,1,Patek,56,Patek Philippe,133,Pedrozo & Piriz,1,perpetual calendar,146,Perrelet,11,Petermann Bedat,3,Phenomen,1,Philippe Dufour,1,Phillips,10,Piaget,34,Pierre DeRoche,2,pilot watch,111,Pininfarina,1,Pisa,13,Pisa 1940,1,Pisa Circle,12,Pita,1,planetarium,2,platinum,7,pocket watch,3,pocket watches,2,Poehlmann-Bresan,2,Poincon de Geneve,2,Porsche Design,17,Pre-SIHH 2016: Cartier - Clé de Cartier Automatic Skeleton,1,pulsometer,5,Purnell,1,quartz,9,Rado,19,Ralf Tech,3,Ralph Lauren,2,rattrapante,23,Raul Pages,2,Raymond Weil,4,rectangular watches,16,reddot award,1,regatta,1,regulator,25,remontoire,5,Remy Cools,1,Renaud Tixier,1,Reservoir,2,resonance,21,Ressence,12,retrograde,10,Revelation,1,Reverso,26,review,119,RGM,1,RGM Watch Co.,1,Richard Mille,110,Richemont,4,Richmond,1,Roger Dubuis,11,Roger Smith,1,Roger W. Smith,1,Rolex,68,Romain Gauthier,12,Romain Jerome,1,Royal Oak,39,Rudis Sylva,1,sapphire,4,Schwarz Etienne,1,Seamaster,9,Seiko,41,SevenFriday,24,SIHH,3,SIHH 2012,4,SIHH 2013,25,SIHH 2014,36,SIHH 2015,43,SIHH 2016,44,SIHH 2017,41,SIHH 2018,43,SIHH 2019,53,Simon Brette,2,Singer,6,Singer Reimagined,10,single hand,27,single-hand watches,32,Sinn,16,skeleton,35,smartwatch,9,solar energy,1,Sotheby's,8,Speake Marin,6,Speake-Marin,6,Speedmaster,34,split seconds,22,sport,1,sport watches,930,sportwatches,1,Spring Drive,2,square watches,3,squelette,57,steampunk,1,Steinhart,1,Strehler,1,striking time,16,SuisseMecanica,1,sunrise,2,sunset,2,Swatch,8,Swatch Group,23,Sylvain Pinaud,2,table clocks,4,Tag Heuer,172,tantalum,1,technical insight,3,terra Cielo Mare,1,Theo Auffret,1,Tiffany,17,Tissot,8,titanium,8,top news,395,Torsti Laine,1,tourbillon,361,Trilobe,3,Tudor,35,Tulloch,1,Tutima,3,ultra thin,34,Ulysse Nardin,39,Unimatic,1,Union Glashutte,14,Universal Genève,1,Urban Jurgensen,29,Urwerk,22,Vacheron Constantin,80,Van Cleef & Arpels,7,Vauchier Fleurier,1,Vianney Halter,5,video,1,vintage watches,3,Vulcain,11,wandering hours,1,watches,1,Watches & Wonders,41,Watches & Wonders 2020,19,Watches & Wonders 2021,28,Watches & Wonders 2022,35,Watches & Wonders 2023,38,Watches & Wonders 2024,2,Watches&Wonders,5,WatchesandWonders2022,35,WatchesandWonders2023,39,WatchesandWonders2024,3,Wilhelm Schmid,1,Winnerl,1,worldtime,56,YEMA,4,Zannetti,1,Zeitwerk,2,Zeitwinkel,1,Zenith,110,Zodiac,9,
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Time and Watches | The watch blog: Highlights from the Fall Geneva Auctions
Highlights from the Fall Geneva Auctions
Highlights from the Fall 2018 Geneva Auctions. Patek Philippe reference 3974. Rolex ref. 6236 “Jean-Claude Killy”. Rolex Sea-Dweller ref. 1665 “Single Red” prototype. Patek Philippe ref. 2499 Serpico y Laino. Thomas Prescher Trilogy No. 5. Rolex Submariner “Milsub” ref.5517
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