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 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 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 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 UK cheap super clone Omega Speedmaster Professional “MIR 365 Days” watches ref. BA 145.0052.035A numbered 2 of 7 pieces.