Auctions seem to be the one slice of the luxury watch market where watches are still selling for high prices. These are select watches, which are usually rare collectibles and that helps set the high price tag, but it’s another thing when they are actually purchased.
At recent auction in Las Vegas hosted by a rare 18K gold Ulysse Nardin minute repeater watch sold for a whopping $45,750, selling for over $10,000 than was expected and for more than any other men’s watch or women’s watch went for. This UN watch comes from the Clavius collection and is a special minute repeater that also features an automaton complication, which works like this: once the minute repeater lever is released, the small figurine’s arm with hammer strikes the bell as the watch gives off sound from the internal hammer that read out the time.
The dial of this 18K gold Ulysse Nardin watch is a beautiful blue lapis color watch and includes Arabic numeral hour indicators which are made from gold. This watch also features rare automatic winding minute repeater movements made by UN which alone can sell for around $100,000. There is also a power reserve indicator located on the dial.
At other recent auctions in New York City three rare Patek Philippe men’s watches sold for double what the Ulysse Nardin did. One of the Patek Philippe watches was a yellow gold model that went for $204,000, while two other gold watches sold for $162,000 and $156,000 respectively.
Stay tuned for an auction set to take place in October of this year where a very, very rare Patek Philippe watch, known as the 18K gold Sky Moon, is expected to go for between $1.1 million and $1.3 million dollars.