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Sotheby’s to Sell More Than 800 Luxury Watches

Auction house will hold four sales of the timepieces over the next year and a half.
May 21, 2019 8:08 AM   By Rapaport News
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RAPAPORT... A private collection of more than 800 luxury watches will go under the hammer at four Sotheby’s auctions in London, Geneva, New York and Hong Kong over the coming year and a half.

The Masterworks of Time sale series comprises pieces from the last 500 years that have been out of the public eye for a long time, Sotheby’s said recently. The collection also encompasses clocks from the past 400 years. All four sales are expected to fetch $15 million to $27 million combined.

“Assembled with a keen eye and tremendous knowledge, this is a truly unique collection, shaped by years of searching for the best examples of their kind,” said Daryn Schnipper, chairman of Sotheby’s international watch division. 

A platinum, pink-gold and enamel watch, made by A. Lange & Söhne for the 1900 Paris World Exhibition, will feature in the Geneva sale, which will take place in November. Estimated at $900,000 to $1.2 million, it last appeared at auction in 1990.

The Space Traveller I, a gold watch created by George Daniels in 1982 to commemorate the 1969 American moon landing, will go under the hammer in London in July, for $900,000 to $1.2 million. The watch, which Daniels made for himself and wore as a showpiece, was initially auctioned in Geneva in 1988, where it achieved CHF 220,000. A second version of the watch, the Space Traveller II, sold at Sotheby’s in 2017 for $4.3 million.

A gold, enamel and diamond-set watch by Joehan Cremsdorff, created in Paris around 1650 will also be up for sale in London, valued at $900,000 to $1.2 million. The piece last appeared at auction in 1986, where it achieved CHF 1.8 million, at the time the highest price for any pocket watch sold at auction.

The sales will take place between July 2019 and October 2020.

Image: The Lange & Söhne watch. (Sotheby’s)
Tags: A. Lange & Söhne, Daryn Schnipper, George Daniels, Joehan Cremsdorff, luxury watches, Masterworks of Time, Rapaport News, Sotheby’s, Space Traveller I
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