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Watch Barometers? Check Out Sotheby’s “Watches Weekly,” Fortuna Online Auctions June 27, 2020 (0 comments)
New York, Hong Kong, Geneva, London--What does a parade of hot watches mean to the watch market and what is of interest right now?
Sotheby's auction house thinks it means a lot. Sotheby's offers a weekly watch auction out of New York, Hong Kong, Geneva and London featuring at this writing among other items a Rolex Daytona expected to auction for $15,000-$20,000 with a current bid of $15,000; a Patek Philippe minute repeating tourbillon expected to auction for beteen 2.4-4 Million Hong Kong Dollars (US $309,000-$516,100); a Rolex Paul Newman Daytona estimated to auction for CHF 150,000-200,000, with a starting bid of CHF 140,000 (USD $147,697), and a Jaeger-Lecoultre Reversonpink gold, dual-time-zone model expected to auction for 100,000-120,000 Hong Kong Dollars (USD $12,903-$15,483).
Says the Sotheby's web site: "Watches Weekly is an ongoing series of seven-day auctions that present watch lovers with opportunities to sell and buy some of the most sought-after vintage and contemporary timepieces on the market. Bookmark us and come back often to find the perfect watch for your collection from our constantly refreshed auction inventory."
If you are a collector, this service gives you constant access and a constant fix on prices of interesting watches. If you sell watches for a living, this gives you regular knowledge of prices and activity of high interest to collectors.
The watch categories are broken down as follows: Rolex, Vacheron Constantin, Patek Philippe, Ulysse Nardin, and all other brands.
The watches for each auction are presented online and when the auction begins the lots close independently at one-minute intervals with closure times subject to change. The auctions take place in New York on Tuesdays; Hong Kong on Wednesdays; Geneva on Thursdays and London on Froidays. They all start at 10:30 AM local time. The web site can be accessed here: https://www.sothebys.com/en/series/watches-weekly?locale=en
Fortuna Fine Jewelry & Watch Auction
The Fortuna Fine Jewelry & Watch Auction for July now shows some 56 lots with 12 Watch lots featured. The watch brands include Piaget, Heuer, Omega, Tag Heuer, Boucheron, Zenith, ST Dupont, Chopard, A. Lange, Maurice Lacroix and Rolex. Starting bids range from $700 to $25,000. The watches with the three highest opening bids are shown below. Click here to see all items.
