Yesterday in Monaco, the Only Watch 2013 auction was held and the results are in. The event is meant to raise money for a medical charity, to which 100% of the proceeds go. Each of the watches submitted are totally unique and donated by the participating brands. People get very interested in the results, as it is not only a sign of the economy when it comes to Monaco’s wealthy elite (and others), but also the interest people have in specific brands and models. The total yield of Only Watch 2013 was 5,066,000 Euros (most of which is thanks to a single watch).
For 2013 there were some major winners and losers. All the lots sold of course, with some going over estimate, and some under estimate. Most of the lots however sold within the estimated price, and those aren’t covered in this article. So let’s take a look at the major winners and losers of the 2013 Only Watch auction. This article will only cover select lots, and for a full list of all the watches that were up for auction you can see our original Only Watch 2013 article here.
1. Patek Philippe 5004T
I’d like to say “wow, wow, wow,” but the super price fetched for this unique titanium Patek Philippe watch isn’t completely surprising. We first covered the Patek Philippe 5004T watch here in more detail. The no-longer-being-made 5004 series was always a winner at auction, but this version is perhaps the last of its kind and the only one ever produced in titanium. Sure to be an auction favorite (again) sometime in the future, the yield for this watch accounted for over 3/5ths of the total auction yield for the entire event. Getting almost $4,000,000 alone. Estimated price: 400,000 – 600,000 Euros. 2013 actual auction price: 2,950,000 Euros
Near racing automobiles, where everything is high tech, mechanical, noisy and colorful is where you are going to see one of the biggest concentrations in “loud,” high-tech and, yes, frequently very expensive watches. Born in just 88 bits in each one of the 3 colorways (yellow, red, and blue) that Pirelli uses on its Formula-1 tires, so there will only be a rather limited number of those pieces made and I can still appreciate just how far Roger Dubuis Watch Images has gone on to alter the overall looks and finer details of the Excaliber Spider to suit this high octane lifestyle.Just look in the Pirelli rubber-inlaid strap: it definitely is a strong contender for the name of (by traditional standards at least) ugliest watch strap at watch strap background. Propose a watch purist the notion of putting a semi-melted-looking, random ordered rubber strap onto their beloved, nurtured, possibly gold and also very petite timepiece, and they’ll freak out.And nevertheless, it is a perfect match for those 200-odd men and women who this view is very much for: individuals who love the looks and smell of near-melted Pirelli slicks on race cars parked right after a hot laps, and that frequently see (or own) stupid-expensive, mega rare race cars all beaten up by rubber debris and grime after a race.Speaking about the ring: the lower portion which touches the skin is crafted from the type of comfortable, durable and anti-allergenic rubber that’s used on most high-end watch straps, plus it is adorned by a pattern taken in the intermediate version of Pirelli’s F1 tires. By contrast, the upper inlay features rubber that’s taken directly from Pirelli tires taken off of Formula-1 Grand Prix winning automobiles: this is a different take on the “DNA” strategy, where a fancy or (for some at least) interesting substance is pumped into the case or some other region of the watch.
2. Chronoswiss The Three Apes
The uniquely engraved dial and design made this Chronoswiss extra-special. I think at first glance many people felt it was something from Vacheron Constantin with a hand-made dial such as that which uses monkeys to portray the concept of “hear no evil, see no evil, speak no evil.” Estimate price: 22,000 – 32,000 Euros. 2013 auction price: 42,000 Euros
3. Girard-Perregaux Chrono Hawk
New for 2013, it looks like Girard-Perregaux’s updated Hawk (Chrono) watches are going to do well. This unique black and red model beat estimates by an impressive margin. Estimated price: 14,000 – 18,000 Euros. 2013 auction price: 32,000 Euros
4. Laurent Ferrier Galet Classic Tourbillon Double Spiral
A purist favorite, the still new Laurent Ferrier brand has classic watch lovers perpetually enthused with their Galet Classic Tourbillon Double Spiral. This unique model narrowly beat estimates, but that is impressive for a small brand. Estimated price: 100,000 – 120,000 Euros. 2013 auction price: 130,000 Euros
5. Maurice Lacroix Masterpiece Seconde Mysterieuse
A quirky modern watch with a cool seconds hand, this unique all-black Masterpiece Seconde Mysterieuse watch shows that Maurice Lacroix is hot right now. Estimated price: 15,000 – 20,000 Euros. 2013 auction price: 30,000 Euros
6. Ulysse Nardin Marine Chronometer Manufacture
Aside from a few small differences such as “Only Watch” on the dial, this version of the new for 2013 Ulysse Nardin Marine Chronometer Manufacture with an in-house made chronograph movement is very similar to the retail version. Nevertheless, the strength of the brand shows as it beat price estimates. Estimated price: 30,000 – 40,000 Euros. 2013 auction price: 45,000 Euros