Patek Philippe watches in stainless steel are the hot thing among vintage collectibles. Phillips’s auction house, whose watch division is spearheaded by Bacs & Russo, has set four world records for stainless steel Patek Philippe watches over the last two years. A new find coming up in the Geneva Watch Auction: FOUR could possibly break the current record of almost $4 million. Check out that Patek Philippe Reference 1518 right here.
Given my recent musings on these pages about the relative roles of rarity and complication in driving the value of a watch, it seems appropriate to dedicate this “Behind the Lens” entry to a piece that is both complicated and limited in production: Patek Philippe’s Reference 5950A. What’s so special about this watch? Well, first of all it’s a split-seconds chronograph. What else?
Please join our Quill & Pad round table discussion on Baselworld 2016. This time we take on some of the same topics that GaryG and his collector group use to the discuss their impressions of a watch fair: best of show, worst of show, watch you would buy with your own money, watch you would buy if money were no object, investment watch, patronage watch, fun watch, and a fantasy money no object watch.
Over the last 12 months we have published an unusually high number of articles about drummers, the timekeepers in nearly every musical band or group. Actually, it kind of stands to reason that drummers would particularly like watches – even if they can’t (or shouldn’t!) wear them while playing – as both fields have extreme time-keeping functionality.
Now, it seems fairly evident that we are on the down slope of either a cyclical correction in prices or, if one takes a less optimistic view, a permanent loss of watch value as the mechanical timepiece industry faces a variety of challenges and potential disruptions. So what’s a collector to do? And what lessons can we draw, both from recent watch auction results and the history of other luxury categories, to guide us?
Only Watch, the biennial charity auction on behalf of Duchenne Muscular Dystrophy research, has firmly established itself as a landmark event on the watch scene. This year’s sixth renewal of the event, serving as the kickoff for the autumn Geneva watch auction week, saw Patek Philippe donating the landmark piece for the event, a blue-dialed, steel-cased Reference 5016A-010, which hammered for more than $7 million.
In my wildest dreams, I never thought I’d be writing about two different cushion-shaped chronographs made especially for women. This is a particularly enjoyable exercise for me as the two chronographs I examine here are by two of the most traditional watch manufactures at work today: Vacheron Constantin and Patek Philippe. So, how do they differ?
Waxing poetically about moon phases has gotten me excited to take a trip through certain “phases” of engineering excellence to discuss the most accurate moon phase complications in a wristwatch today. Here we bring you the eight most accurate moon phases fitted into a wristwatch. These are examples that far exceed the norm when it comes to engineering, precision, and finely toothed gears. Join us on this odyssey through space and time.
During twelve days at the end of May and the beginning of June 2015, Patek Philippe took over the trendy Saatchi Gallery in London for its wonderfully orchestrated Grand Exhibition. The exhibition was meticulously organized to be followed in an ordered sequence and featured the brand’s modern core ranges along with a host of vintage watches, including a number of royal examples. And even two watches belonging to queens of England.
The very solid and spacious tent on the grounds of the La Reserve hotel in Geneva on May 10, 2015 turned out to be a very special time and place as the world’s most prestigious watches went under the hammer for the inaugural Phillips Watches auction in association with Bacs & Russo. Let’s have a look at how a few of the most interesteing pieces did at this premier event, which was presided over by auction guru Aurel Bacs.