Only Watch Auction Lures Top Buyers
September 28, 2011 | by —Roberta Naas | Style & Beauty
Patek Philippe’s 3939HA Minute Repeater Tourbillon
Last week, in the Principality of Monaco, the world-famous charity watch auction Only Watch was held under the High Patronage of HSH Prince Albert II. Forty unique timepieces donated by top brands were sold by Antiquorum, the entire proceeds of which are donated to support research on Duchenne Muscular Dystrophy.
Patek Philippe’s 3939HA Minute Repeater Tourbillon in steel (Caliber R to 27 PS movement is 6.58 mm thick with 28 jewels, 336 parts and a 48-hour power reserve piece unique) went for an amazing 1.4 million Euro, or approximately $1,909,704, to be exact. The watch answers the demand of true collectors who recognize the significance of this combination of complexity and rarity built in a steel piece.
Richard Mille took second billing with the RM027 Tourbillon DeWittRafael Nadal, which was worn by Nadal when he won the 2011 Monte Carlo championships for the 7th consecutive year. The watch sold for 510 Euro, or approximately $688,630. It is a light, tonneau-shaped and curved prototype made of carbon, titanium and Lital with visible one-minute tourbillon regulator.
DeWitt was the third best-selling lot at 410 Euro, or $553,605, for its "Concept Watch No. 3 – X-Watch." It is a reversible watch made of titanium and steel, with double bi-retrograde hours and minutes, visible one-minute tourbillon Richard Mille and power reserve on the front side, chronograph on the reverse, registers, power-reserve indication and a DeWitt titanium and black PVD triple folding clasp.
MB&F (lot 28) sold for 170 Euro, or about $229,500, and was among the top six best sellers of the show. Kudos to them.
The Vacheron Constantin Metiers d’ Art Doves (lot 37) went for 90,000 Euro, or approximately $121,621.
The Vulcain Cricket (lot 39), a favorite of ours thanks to its American Heritage, garnered a respectable 11,500 Euro, or approximately $15,500. Check out our post a few weeks ago to see the video of all 40 timepieces.
Here's a look at some of the watches in the auction:
Read more about watches from our timepiece editor Roberta Naas at atimelyperspective.com.