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SIHH 2012 – The Salon International De La Haute Horlogerie

It is the start of the introduction of new models with this years’ SIHH kickoff yesterday in Geneva. Representatives from A. Lange & Sohne, Audemars Piguet, Cartier, Gerard Perregaux, Grubal Forsey, IWC, Jaeger LeCoultre, Panerai, Piaget, Richard Mille, Roger Dubuis, Vacheron Constatin along with a few other are showing their new 2012 lines.  Many of these companies have updated their websites to include their new offers, just click on the links above.

Highlights include Lange’s introduction of a of a slight redesigned Grande Lange 1 which houses a new movement (L095) enabling the thickness to be reduced to 8mm down from the 11mm of the original. One big internal change is that the twin barrel has been removed and replaced by a single thinner mainspring. The new dial has a larger date window and no overlap of sub-dials results in a clean, open look.  Retail price for Yellow and Rose Gold is €31,000 (approx. $39,600) and €47,000 (approx. $60,000) for Platinum.  Next up is the new Lange 1 Tourbillon, which is a dynamite looking watch.  This piece is the most complicate watch Lange currently produces combining series of different complications.  You can really see the complexity of the watch on both the front and the back.  The dial is clear and simple for the perpetual calendar; moon phase and seconds at 7 o’clock, retrograde day at 9 o’clock and the leap year indicator at 6 o’clock.  The month ring and all of the calendar elements have to move simultaneously and this requires a lot of power. This is provided by a power reserve that builds up over the course of the month to be released at the stroke of midnight.  The watch is available in Rose Gold for €240,000 (approx. $307,000) and Platinum for €270,000 (approx. $345,000)

2012 Lange 1 Tourbillon in Platinum


Last but not least is the introduction a a new slightly redesigned Datograph.  This watch is slightly larger than its predecessor at 41mm and 13mm thick with bigger indicators and power reserve at 6 o’clock.

Lange Datograph Flyback

Panerai has introduced 12 new models.  Once again, Panerai took the inspiration from its legendary historic models. Speaking about materials, there is nothing new. The Italian watchmaker just repeated successful formula from the last year’s edition – ceramic, red gold or polished steel cases, brown leather straps and finally, black or brown dials – this is exactly what we expect from Panerai. The Luminor 1950 GMT (PAM 00441) comes with ceramic case, this time in smaller size, with the diameter of 44 mm. It is powered by an automatic Panerai P.9001 Calibre that provides 3 days of power-reserve. This model is available with a light brown leather strap. However, combining a ceramic Luminor 1950 case with a classic Panerai bracelet, also crafted in ceramics, OP created truly unique timepiece, is the Tuttonero Luminor 1950 3 Days GMT Automatic Ceramica – 44 mm PAM 438.

Luminor 1950 GMT Ceramic Tuttonero PAM 438

Officine Panerai has created two Special Editions (500 pieces each) of Radiomir California 3 Days PAM448 and Radiomir S.L.C. 3 Days PAM449) watches that are strongly connected with brand’s models from 1930s. Two historic dials reduced to essentials, with characteristic blue minute and hour hands are covered with Plexiglas instead of sapphire crystal, which is another recall of the past. These robust timepieces with 47 mm polished steel cases are powered with P.3000 Calibre hand-winding movements, executed entirely by Panerai.

Panerai Radiomir 3-Day California PAM 448

Finally, Panerai launched Luminor Marina 1950 3 Days PAM 422 and Luminor Marina 1950 3 Days Power Reserve PAM 423 watches, inspired by the rare historic watch from 1940s that presented a stage of transformation from the classic Radiomir cushion case to the Luminor case. Both versions are powered by new P.3001 and P.3002 manufacture calibers – very similar hand-winding mechanisms with different positions of their power-reserve indicators.

Panerai Luminor Marina 3-Day Power Reserve PAM 423

Stay tuned for new offerings from some of the other brands soon.

All the best your friend in Time!

Jon

 
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Posted by on January 18, 2012 in IWC, Patek Philippe, Rolex, Uncategorized

 

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Geneva Auction Results – November 2011

Sorry for delay in writing about this but its been a crazy week and a half.  Overall the Antiquorum, Christies and Sotheby’s auctions were quite strong.  There still seems to be very strong demand from Asia.  Christies had its largest take of the year (for watches) of more than $29mm with an amazing $2,338,286 for a rare pink gold Patek Philippe ref. 3448 which was manufactured in 1968.  This is a world record price for this reference at auction.  The original estimate was SFr. 500,000-1,000,000.  Another watch having a very strong showing was James Bond’s mythical Rolex Submariner that was specially adapted for “Live & Let Die” sold for $243,966.  The complete results can be seen by clicking here.  At Antiquorum they had a very successful auction as well bringing in SFr. 11,675,347 with 76% of the lots selling representing 148% by value.  Antiquorum reported strong participation from Asia, Russia, Germany and the United States.  Their top lot was a Patek Philippe full 24-hour repeating. quarter and special-type five-minute repeating 24-hours in one revolution pocket watch which brought SFr. 2,098,500 including the hammer.  Other highlights included a 1st series Patek Philippe ref 1518 perpetual calendar chronograph which brought in SFr. 326,500 including the hammer and a Rolex ref. 6284 with two Americas dial made by Marguerite from Rolex which brought in SFr. 212,500 including the hammer.  There were only 6 examples made in 1950 and this particular example with from the family of the orignal owner.  Complete results for Antiquorum can be found by clicking here.  Sotheby’s had the smallest auction and by far the smallest results at $7.2mm and 68% sold by lot.  Their results were highlighted by a Patek Philippe ref. 3939 minute repeater in platinum which brought in $413,500 and an over the top Richard Mille oversized platinum and diamond set ref. RM 12 tourbillon which sold for $365,174 to an Asian collector.  You can see their results by clicking here.

Once again the top results were once again dominated by Patek Philippe but there were some strong Vacheron Constantin, A. Lange & Shone and of course Rolex.  The next major auction comes up at Christies in Hong Kong on November 30th.

I just want to wish you and yours a very Happy and Safe Thanksgiving.

Thanks for reading!


 
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Posted by on November 23, 2011 in Auction, Uncategorized

 

Time Is Money: Investing in Luxury Watches

I just came across an article from the Alternative Investment section of CNBC.com titles Time is Money: Investing in Luxury Watches that I thing will be very interesting for any collector to read.  Basically it talks about how you can get a start in investing in watches and what you should be looking for.  I would love to hear any thoughts anyone might have on this.  I also find it interesting that there is a fund that invests in watches.  This was something I was working on a few years ago and then the recession hit…oh well!  Enjoy the article.

 
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Posted by on November 23, 2011 in hublot, IWC, Patek Philippe, Rolex, Uncategorized

 

Antiquorum Geneva Auction 11/13/2011

Antiquorum Geneva Auction 11/13/2011.

 
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Posted by on November 10, 2011 in hublot, IWC, Patek Philippe, Rolex, Uncategorized

 

Antiquorum Geneva Auction 11/13/2011

Coming up on Sunday is the Antiquorum important vintage and modern timepieces auction in Geneva.  It is a very large auction with over 600 lots.  A press release highlighting some of the more interesting pieces can be seen here http://www.antiquorum.com/in-the-news/2011/10/19/patek-philippe-rolex-timepieces-highlight-antiquorums-upcoming-november-auction-in-geneva/

It should be interesting to see if the upward trend in the auction market continues.  A large part of the recent serge has been do to increased Chinese buying we have seen in both the vintage and modern markets. Auctions are an excellent place to gauge where the current market is. The one thing to keep in mind that with many of these vintage piece everything depends on the condition and its history and if there are not too many examples floating around sellers can name their price..

Some of the featured pieces include a 1st series Patek Philippe 1518 with estimate of $220,000-$325,000. This is a gorgeous example.  http://catalog.antiquorum.com/catalog.html?action=load&lotid=176&auctionid=256

Perpetual Calendar Square Button Chronograph

Also offered is a very clean Rolex raspberry bezel GMT ref. 1675 complete with orignal box, papers and CSOC certificate.  This one has an estimate of $8,500-$13,000.  http://catalog.antiquorum.com/catalog.html?action=load&lotid=229&auctionid=256.  The great thing about Rolex is the longevity of the look and design. For example the GMT featured here basically looked the same for over 50 years until they decided to replace the GMT Master ref.1675 and GMT Master II ref. 16710 with the ceramic bezel and 3186 movement in 2008 ref. 116710.

Another watch that from day one has seen a huge increase in the secondary market is the Patek Philippe 5131, this is the special world time with the hand cloisonne painted enamel dial.  I have included the auction photo below.  It is a really beautiful piece and because of the way the dial is decorated Patek has to engrave its name on the case instead of the dial.  This would make it nearly impossible to polish.The watch originally was made only in yellow gold but shortly there after they began making it in white gold.  When the white gold piece was first released in 2009 it had a retail of $50,500 and today retails $68,000 but with an estimated 10-20 pieces hitting the US this year you will be hard pressed to find one for anywhere near that price.  The estimate for this piece is $110,000-$165,000.  I am guessing this will bring in the higher estimate range closer to $145,000-$150,000.  http://catalog.antiquorum.com/catalog.html?action=load&lotid=582&auctionid=256

There are a number of beautiful pocket watches and clocks as well.  You can check out the entire catalog on the Antiquorum website http://catalog.antiquorum.com/catalog_asta.html?hideauctions=1&auctionid=256.

Auction catalogs are an excellent way to educate yourself both in vintage and modern watches and all of the auction houses offer a database of previous catalogs on line.

Antiquorum - http://catalog.antiquorum.com/index.html?action=search&year=2011

Christies - http://www.christies.com/results/?month=11&year=2011&locations=&scids=9&pg=1&action=&initialpageload=false

Sotheby’s – http://www.sothebys.com/en/departments/watches/records.html

Next week I will be back to analyse the results.  I would love to hear your comments.  Until then enjoy the rest of the week.

 
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Posted by on November 10, 2011 in hublot, IWC, Patek Philippe, Rolex, Uncategorized

 

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Hublot introduces Limited Edition “Hublot King Power Dwayne Wade”

First Audemars Piguet and Shaq and now Hublot and Dwayne Wade.  Hublot introduces the new Hublot King Power “Dwyane Wade” edition — the watch we’ve been waiting for since Hublot announced Wade as an official Ambassador earlier this year. Actually, I figured this day was coming when I noticed Dwayne Wade wearing a Hublot in 2010— Hublot Chief JC-Biver is never one to pass up a high profile Ambassador who is also a Hublotista.

As for the King Power Dwyane Wade watch, it is a great take on Hublot’s “King Power” watch, with a black-white-red “Miami Heat” color scheme, including a red chrono-pusher, red outer bezel flange, and matching subdials, all of which set-off nicely against the 48mm bead-blasted black ceramic case.  The strap pairing is pretty neat with a leather and rubber strap with “net” style cross-stitching.  Dwyane Wade’s jersey number (3) in the Miami Heat font is also featured at 3 o’clock.

Hublot King Power “Dwyane Wade” Watch ref. 703.CI.1123.VR.DWD11

Limited Edition 500 retail price $27,500

Dwayne Wade and his namesake King Power Dwayne Wade Hublot

 
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Posted by on November 4, 2011 in hublot, Uncategorized

 

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Welcome to Watch Advice

Welcome to Watch Advice. I am Jon from Southern California and I’ve been a watch enthusiast for the past 25 years.  For some time I’ve been thinking of creating a unique interactive forum where I can share my passion and knowledge of the high-end collectible watch market with other enthusiasts who are interested in following or learning more about the fascinating world of collectible watches. I will try to provide current information about what the manufacturers are working on and what’s trending in the secondary market. We will preview auctions and discuss their results, see what’s hot and new, what celebrity is wearing what, discuss how currency rates drive prices, who’s respected in the secondary marketplace and so much more. I hope this will become a two way forum with all of you providing information too. I am not a writer- and this is my first go-around as a blogger- so I apologize in advance for poor grammar, misspelled words, a lack of blog etiquette, etc. I am just a guy who loves collecting watches and wants to share and learn more. I have owned the watchadvice.com domain for many years and was not sure what to do with it so I would like to thank my good friend Jackie Stone for giving me this great idea. I look forward to sharing some “Watch Advice.”

 
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Posted by on November 2, 2011 in Uncategorized

 

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