Rolex Daytona auction results: Fall 2019

Auctions

Before the fall 2019 Geneva auctions, we posted our 2019 Daytona database, compiling a list of every Rolex Daytona up for auction at Christie’s Phillips and Sotheby’s this November (sorry, Antiquorum). Now that the results are in it’s time to take a look at how the Daytona faired.

As you’ll see, four Daytonas failed to sell this season (and one earlier era chronograph, a reference 2508). If you look at these lots, you’ll notice all have some imperfections that make them less than desirable: polishing, missing lume plots, etc. This is not to say that all the lots that did sell are perfect; however, collectors have become rather discerning in what they’re willing to shell out six figures for nowadays. And, as prime examples are increasingly difficult to find on the market, the premium paid for such examples continues to grow.

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Only Watch 2019: 'The most expensive watch in the world', and why that sucks

Auctions

On November 9, Christie’s played host to the biennial Only Watch auction, raising money for research into Duchenne Muscular Dystrophy. Some of the most renowned manufacturers create unique pieces for the auction (with F.P. Journe even developing a unique movement for his pieces). Much of the speculation around this year’s auction was around the unique Patek Phillipe Grandmaster Chime in stainless steel: would it become the most expensive watch in the world? Of course, Paul Newman’s Paul Newman had set the record for most expensive wristwatch at $17 million in 2017, while the Patek Phillipe Henry Graves Supercomplication pocket watch held the record for the most expensive watch, having sold for $24 million in 2014.

Well, the Grandmaster Chime blew away both watches, hammering for CHF 31 million. The watch is polarizing, mainly because … it’s kind of ugly. One can acknowledge the technical accomplishment of building this watch, but still be disappointed that this watch now carries the mantle of “most expensive watch in the world,” and will become representative of watch collecting as a whole in many ways.

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GPHG 2019: The winners and the upsets

News

Whether you like to call it the Oscars of watches or not, the fact remains that the GPHG is the watch world’s biggest awards event of the year. The prizes are highlighted by the “Aiguille D’Or” prize.

Let’s first acknowledge the problems with GPHG: Winning watches tend to be expensive and not necessarily representative of what people are actually buying from Switzerland; and because brands self-nominate, Patek and Rolex do not participate (they can’t handle the risk of losing!). That said, it’s still a wonderful evening to highlight some of the best of what’s come out of the manufacturers in the past year.

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Watches of Knightsbridge August Online Auction Preview

Auctions

Every month, London’s Watches of Knightsbridge hosts an online auction. Typically the lots are nothing too expensive; just good honest watches from a trustworthy house. This August’s online auction features about 50 lots, ranging from a Rolex GMT-Master 16750 Pepsi on the high end to a few little dress watches from Longines and Omega on the low end. It’s a great way to start paying attention to auctions (perhaps even picking something up) without being scared away by blow-out-your brains prices.

Let’s take a look at a few of the best lots from Watches of Knightsbridge’s August online auction. We’ve got a couple Rolexes and the world’s first wristwatch without a crown.

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