OnTheDash Guide to Christie's Auction of 34 Heuers, June 21, 2017

On June 21, 2017, Christie’s will conduct a sale of “Rare Watches and American Icons”, in New York City.  There are 250 lots in the sale.  You can find the online catalog HERE or the eCatalog flipbook HERE.

There are 34 lots of Heuer chronographs and stopwatches in the sale, and this posting will serve as your quick guide to those watches.  You can click on any of the images shown below to see a high resolution photo of the watch; alternatively, visit the gallery at the bottom of this posting, to click through each of the Heuers.  After the sale, we will update this posting to show the results.

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Auction Watch -- Fall 2016 Recap

November and December are always busy months for watch auctions, and in Fall 2016 the vintage Heuers were well represented in auctions conduced by Phillips, Christie’s, Sotheby’s and Watches of Knightsbridge.  In this posting, we show the 45 Heuers that were offered in these auctions, together with their “final prices” (comprised of the hammer price plus the applicable buyer’s premium).  In addition, we feature one unusual vintage Skipper, that was sold by Fellows.  For readers who want to do additional research, we provide the links to all the auction catalogs.

The following image shows the six vintage Heuers that sold for the highest amounts at these Fall 2016 auctions.  Prices were as follows: Top Row — Autavia, Ref 2446 (Big Subs), for $125,000; Autavia, Ref 2446 (Rindt), for $43,750; Carrera, Ref 2447 SN, for $40,480.  Bottom Row — Orvis Solunagraph, for $50,600; Autavia, Ref 1163 (Orange Boy), for $50,000; and Autavia Ref 113.603 (IDF-issued), for $63,614.

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Auction Watch -- November 2016

Phillips, The Geneva Watch Auction FOUR, November 12 and 13, 2016

On November 12 and 13, 2016, Phillips held an auction of 196 watches, divided into two sessions.  The first session, on November 12, included these four Heuer chronographs.

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Final prices shown below include the hammer price plus a 25% buyer’s premium; exchange rate at the time of the auction was CHF 1.00 equals $1.012.

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Auction Watch -- Artcurial Selling 40 Vintage Heuers, July 18, 2016 (The Good, The Bad and The Ugly)

The vintage Heuers have been hot lately, so the dynamics of supply and demand tell us that with the recent strong increases in prices, we are likely to see more vintage Heuer chronographs coming into the market.  In April and May 2016, we saw Christie’s, Sotheby’s, Phillips and three other auction houses sell over 75 vintage Heuers, with record prices achieved for many models.  See our report on these six April and May auctions HERE.

With this increased interest in vintage Heuer chronographs, it’s not surprising to see the Paris-based auction house Artcurial offering another 40 vintage Heuers, at a sale to be held in Monte Carlo, on July 18, 2016.  The sale consists of 400 watches, with the Heuers placed at lots 273 through 312. Here is the Online Catalog for the sale.  Or you can flip through the E Catalog, if you prefer. You can see a gallery of all 40 of the Heuers HERE.

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Auction Watch -- Spring 2016

It’s the spring auction season in the watch world, with auctions being held by Antiquorum (April 21, 2016; New York City); Phillips (May 14, 2016; Geneva); Kaplans (May 14, 2016; Stockholm); Sotheby’s (May 14, 2016; Geneva); Christie’s (May 16, 2016; Geneva); and Auctionata (May 18, 2016; Berlin).  Among the hundreds of watches being sold in these five auctions are approximately 60 vintage Heuer chronographs. This posting will help you keep track of these vintage Heuer chronographs, including photographs and descriptions of some of the rare ones.

We are posting this on May 1, and will provide updates as the auctions occur, to add the results of the sales as well as comments on some of the watches.

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Finishing Heuer's Unfinished Project -- Autavia 2446C with Silver Dial

Once upon a time, there was a brilliant architect, who designed residences and had also planned and built many successful communities. Many years ago, he began work on what would be his most ambitious project, a futuristic community of over 300 houses, apartments and townhouses, that would also include parks, shops and other facilities for the community. This new development would capture the essence of the Architect’s style, as well as his vision for communities of the future.

To begin the project, the Architect would build a row of townhouses, 12 units that would serve as the model for the rest of the community. The Architect had ambitious plans for the community, and he spared no energy or expense in designing and starting the work on these first 12 townhouses. He knew that in order for the Project to be successful, these first 12 homes would need to be well-received, showing potential residents and observers the style and quality that would be the essence of the new community.

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Auction Report – Three Interesting Heuers Sold Today (December 10, 2014)

Today, we saw two “live” auctions of interesting vintage Heuer chronographs, a black PVD-coated Heuer Monaco, Reference 74033, and an Abercrombie & Fitch Seafarer, Reference 2443.  In this posting, we’ll take a quick look at these two watches and the results of the sales.  We will also take a look at a Heuer Carrera, Reference 2447S that achieved a strong price in one of these auctions

Heuer Monaco, in Black PVD, Reference 74033

The Black PVD Monaco is one of the icons of the Heuer world. There has been some debate about the origins of this model — prototype versus production — but there is no debate about the scarcity and value of these watches.  Over the last decade, we have seen fewer than 20 of these watches, and this model holds the record for the highest price ever paid for a vintage Heuer, with one selling in December 2010, for approximately $75,000.  If we are lucky, in a given year, we might expect to see one of these watches offered in a public sale.  It’s December 10, and I believe that this was the first Black PVD Monaco that we saw on the auction block in 2014.

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Contest: Predict the Hammer Price of the Graves Supercomplication

If you are reading this, then you probably already know the basics.  The Patek Philippe Henry Graves Supercomplication watch is the most complicated watch ever produced by humans (without the aid of computers) and holds the record as the most expensive watch ever sold at auction, achieving a “hammer price” of $10 million at a Sotheby’s auction held in 1999 (or $11 million, including the buyer’s premium).  The experts among you may be able to count off the watch’s 24 complications, tell us the details of Mr. Graves’ life and recite the ownership history of the watch.  Everyone knows that this amazing watch will again be sold by Sotheby’s on November 11, at an auction in Geneva.

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The Reader's Guide to the Upcoming Patek Philippe Auctions

The Reader’s Guide to the Upcoming Patek Philippe Auctions

Over the next eight days, we will witness two historic auctions, in Geneva, Switzerland, that will offer for sale the most legendary Patek Philippe watches that our generation is likely to see under one (or two roofs).  On Sunday, November 9, 2014, Christie’s will celebrate the 175th anniversary of Patek Philippe with an auction of 100 Patek Philippe watches.  On Tuesday, November 11, 2014, Sotheby’s will hold an auction of “Important Watches”, which will include what is thought by many to be the most important watch of all, the Patek Philippe Henry Graves Supercomplication watch (shown below).

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Longitude -- Coverage of Vintage Heuers on Christie's Watch Blog

Last summer, I became a contributor to “Longitude“, Christie’s blog about watches.  One year later, it’s interesting to compile the postings about vintage Heuers that have appeared on Longitude.  The following provides an overview of these postings, most of which were written by Meehna Goldsmith, the Editor of Longitude, although I am happy to have added a few postings along the way.

Christie’s conducts six major auctions per year, and has also recently opened its “Private Sales” division.  It’s great that Christie’s is paying attention to the vintage Heuers.  Of course, Meehna’s personal passion and respect for the brand also explains the very favorable coverage!!

Here are summaries of nine of the Longitude postings that have focused on the vintage Heuer chronographs.

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Heuer Monaco, Worn by McQueen -- Part Two

As described in our first posting covering the McQueen-worn Monacos, I am aware of four Heuer Monacos said to have been “worn by McQueen” during the production of the movie Le Mans, as follows:

  1. worn by McQueen during the filming of the movie, Le Mans; sold by the property master in the early 2000s; now in the TAG Heuer Museum, in Switzerland.
  2. worn by McQueen during the still photography / promotional shots for Le Mans; sold by the property master in the early 2000s; has been in the hands of four different collectors since then; to be auctioned July 31, 2012.
  3. worn by McQueen while at Le Mans and then given by McQueen to his management consultant, Bill Maher, as a gift; sold at an Antiqourum auction in June 2009, and now in private hands.
  4. worn by McQueen . . . further details not known, at least for the moment.

We started this series of postings with “Part Three” — the third Monaco listed above, the one given as a gift by Steve McQueen to his business consultant, and sold at auction in June 2009.  Today, we publish “Part Two” of the series — the second Monaco listed above, the one worn by McQueen during the still photography / promotional shots for the movie Le Mans.

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Heuer Monaco, Worn by McQueen -- Part Three

I am aware of four Heuer Monacos said to have been “worn by McQueen”, as follows:

  1. worn by McQueen during the filming of the movie, Le Mans; sold by the property master in the early 2000s; now in the TAG Heuer Museum, in Switzerland.
  2. worn by McQueen during the still photography / promotional shots for Le Mans; sold by the property master in the early 2000s; has been in the hands of four different collectors since then; to be auctioned July 31, 2012.
  3. worn by McQueen while at Le Mans and then given by McQueen to his management consultant, Bill Maher, as a gift; sold at an Antiqourum auction in June 2009, and now in private hands.
  4. worn by McQueen . . . further details not known, at least for the moment.

The story of the “worn-by-McQueen” Monacos is mysterious, with conflicting versions of the facts and as many twists and turns as the Le Mans circuit.  Thus it is fitting that we start this series of postings with “Part Three” — the third Monaco listed above, the one given as a gift by Steve McQueen to his business consultant, and sold at auction in June 2009.

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Two Recent Sales of Steve McQueen’s Le Mans Racing Suit -- $829,000 Left on the Table

If you have ever been mad at yourself for selling a watch at a price that turned out to be a shade too low, consider the case of Morry Barmak, owner of “Collector Studio”, a gallery of motorsports art and memorabilia located in Toronto, Canada.  Morry recently had the good fortune of selling Steve McQueen’s Le Mans racing suit for $155,000, and then watching his buyer “flip” it for $984,000, three and one-half months later.

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The King's Special Meal

The following story came to me from a reader a few minutes ago, and somehow it seems relevant to live auctions, rare watches and those who buy such watches at such auctions:

Once upon a time, the King was hunting, and became lost in the woods.  He wandered around for several hours, could not find his way out of the woods, and grew hungier and hungrier, as the hours passed.  As it became dark, the King finally came to the small hut of a lonely peasant, in the darkest part of the woods.

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