Time to buy: Antiquorum’s ’Important Modern & Vintage Timepieces’ auction in Geneva
The watch and art worlds come ever closer as horological auctions continue to achieve phenomenal sales and results. But 2014 is particularly significant as the most complicated timepiece ever made - the Patek Philippe Henry Graves Supercomplication - has been presented at auction for the second time in 15 years. Commissioned by the American banking tycoon in 1928, it fetched $24m at Sotheby’s Geneva last week - over double the amount of its previous sale value of $11m.
The closing months of the year are the most anticipated for vintage watch connoisseurs. Not only do the big sales take place in Geneva and New York, collectors can get a good idea of whether recent purchases have been good ones. Antiquorum, a key player in modern and vintage watch sales, with offices in Geneva, New York, and Hong Kong staged their auction of 1000 ’Important Modern & Vintage Timepieces’ at the Mandarin Oriental Geneva last week, with sales totalling nearly CHF 13 million. The results are a good indicator of the pieces you might want to consider investing in next.