Rocketing auction results
Auction results are a good way to feel the pulse of the market, so let’s look at what happened at the Geneva Watch Auction: XXI, which occurred on May 10th and 11th this year. The auction Phillips held in association with Bacs & Russo achieved CHF 43.4/US$52 million, which meant the watches offered were hammered off for higher prices than expected. Why? Well, that’s the million-dollar question. “High demand” and “rarity” are plausible answers, as is provenance. These are factors leading to heated bidding, which results in driving up the price. In a vibrant and positive atmosphere, an affluent crowd “hunts” for UK 1:1 perfect replica watches that are anything but part of a democratized luxury world.
Plenty of Pateks
The high prices Patek Philippe creations fetch are entirely expected. Lot 74, the best shop fake Patek Philippe watches Ref. 3448 “Padellone — The only one known,” is a 37mm pink gold perpetual calendar that fetched CHF 2,722,000. Pedigree and rarity are the key factors in the selling price of this “Double P”-crown timepiece, with a Patek Philippe Extract from the Archives confirming the dates of production and sale in 1968.
Lot 135 also ticked the rarity box. The early 1960s UK high quality copy Rolex “Pre-Daytona” watches ref. 6238 in yellow gold with a black lacquer dial is the predecessor of the first official Daytona, the ref. 6239.
Premium provenance
There weren’t many luxury top replica watches with interesting provenance during the Geneva Watch Auction: XXI. However, the upcoming Phillips New York Watch Auction: XII is a bit better in that department. The upcoming marquee sale on June 7th and 8th includes, among other things, space-flown cheap super clone Omega Speedmaster Professional “MIR 365 Days” watches ref. BA 145.0052.035A numbered 2 of 7 pieces.