philipp
13.11.2013, 22:26
http://rolexpassionreport.com/13915/new-world-record-prices-for-vintage-rolex-at-the-geneva-watch-auctions/
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3469.jpg
Finally the collectors watch market realized what I was telling you all since many years, best and rarest quality vintage Rolex will go sky high one day! Last Sunday night that day became reality when during the Christie’s sale of 50 exceptional Rolex Daytona’s put together so brilliantly by my dear friend Pucci, Aurel Bacs and his team everybody in the room got flabbergasted by the astonishing results. Insiders knew that this sale will bed ome a new benchmark for rare Daytona’s but that it would go so high, nobody expected. We can only conclude that the efforts of many years of collecting, discussing, researching, meeting etc came together that night to achieve magic prices. It’s not like we normally see with ‘theme auctions’ that the brand behind it was pushing the results, it’s due to the passion of the vintage Rolex community that the results went through the roof. Rolex themselves have played no role in this succes, they didn’t push the prices as we have seen Omega do for marketing reasons for instance some years ago.
Another important fact I like to add for those out there that read the results full of unbelief is, that it wasn’t the international top dealers that got the winning bids we normally see so often. Most lots, as I heard afterwards, went to private phone bidders from around the world, mainly US and europeans Christie clients and not to Asia as some guessed logically before. The victory continued the next day during Christie’s monday sale where the incredible yellow gold and steel Padellone 8171 & Stelline 6062, the Submariner 6200 OCC, Milgauss 6541, Killy 6236, Panerai and square crown Sub and GMT’s all set new higher results the market was used to before. It all looks quit obvious that the rich have found their way to vintage watches for alternative assets, after vintage car & art boom, the watch market for best pieces got what it deserved, an steady increase.
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3444.jpg
Rolex has finally reached the record prices Patek Philippe fetch, a ‘Doctor Love’ alias blue Pulsometer with red Daytona, the arabic Qaboos or the black RCO became as expensive as a unique PPC ref. 2499 made for Cartier or the unique two tone dialed pink gold ref 1518!! Incredible when you consider that the Daytona’s are from regular production, just having special dials made in small amounts nobody cared about for many years compared to the ultra high complicated Patek Philippe movements that where already priceless for the happy few when they where specially made back in the days.
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3578.jpg
I want to add again that the record prices vintage Rolex achieve now are not the effort of the Rolex company. No, instead of having a museum like Patek Philippe displaying their history in every detail, a heritage service department that will help you archive your beloved Rolex with a official certificate or the vintage exhibitions around the world Patek did recently in München. Still now it’s due to the passion of the international watch community, vintage Rolex has become magic. I therefor strongly advise Rolex to go the same path as all serious watch brands do, honor the history of your heritage properly. Once this will happen in the, I still hope near future, we all will be amazed again what the results will be by then! The current vintage Rolex market deserves a official Rolex approvement!
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3456.jpg
So what are the consequences for the vintage Rolex market in general many are asking themselves? In my humble opinion I think that the hunt is on for any references that is still in it’s all original unmolested condition. After we have seen the many restored, laser welded and artificial added patina came to the market, serious collectors want a really mint piece rather then a well know reference that’s destroyed for ever after enhancing it’s look. The ‘Oyster Sotto’ alias RCO ( black 3 color Rolex Cosmograph Oyster) that fetched a million franks wasn’t even the best example around, imagine yourself when next year for instance the perfect brown RCO, that got sold by Sotheby’s 2 years ago and reached half of that price, comes to market what the result could be! I think the current record prices are just the beginning of international acknowledgment for top vintage Rolex by serious connoisseurs.
With other words all great Rolex, no matter which reference, that are in unpolished honest condition have become ‘priceless’ due to the fact the market don’t find these ‘fresh’ so often anymore. For instance some 2 months ago at Parma show a great Oyster Newman 6263 sold for maximum 150K euro, last weekend even at a local Swedish auction and at Sotheby’s similar examples sell easily for 200K euro, becoming the new price standar for this iconic Rolex. Same for a honest pump pusher Paul Newman’s where 100K will be a regular price price soon and fine gold examples at 200. This means the market is getting much more mature in a very short time. Off course buyers need to be aware about all little details that make a vintage Rolex become really collectable, look through the micro restoration or the photoshop pictures published in most auction catalogues. But once you set your standards high, a vintage top rolex won’t disappoint you. That has become clear to everybody since last weekend!
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3447.jpg
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Back home, it was super cool seeing so many of you all! I hope you have safe travels and i’m as usual looking forward to see you again soon! This was a very important weekend for vintage Rolex and I wish to thank you all for the effort to make it this special. It’s because of you all this weekend became mythical!! I’ve said it so many times already but due to our mutual passion we have I find it always really great to be around my friend, discuss and share our thought together!!
Liebe Grüsse and die netten Deutsche Sammler die ich begegnet binn :gut::gut:
Philipp
http://rolexpassionreport.com/13915/new-world-record-prices-for-vintage-rolex-at-the-geneva-watch-auctions/
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3469.jpg
Finally the collectors watch market realized what I was telling you all since many years, best and rarest quality vintage Rolex will go sky high one day! Last Sunday night that day became reality when during the Christie’s sale of 50 exceptional Rolex Daytona’s put together so brilliantly by my dear friend Pucci, Aurel Bacs and his team everybody in the room got flabbergasted by the astonishing results. Insiders knew that this sale will bed ome a new benchmark for rare Daytona’s but that it would go so high, nobody expected. We can only conclude that the efforts of many years of collecting, discussing, researching, meeting etc came together that night to achieve magic prices. It’s not like we normally see with ‘theme auctions’ that the brand behind it was pushing the results, it’s due to the passion of the vintage Rolex community that the results went through the roof. Rolex themselves have played no role in this succes, they didn’t push the prices as we have seen Omega do for marketing reasons for instance some years ago.
Another important fact I like to add for those out there that read the results full of unbelief is, that it wasn’t the international top dealers that got the winning bids we normally see so often. Most lots, as I heard afterwards, went to private phone bidders from around the world, mainly US and europeans Christie clients and not to Asia as some guessed logically before. The victory continued the next day during Christie’s monday sale where the incredible yellow gold and steel Padellone 8171 & Stelline 6062, the Submariner 6200 OCC, Milgauss 6541, Killy 6236, Panerai and square crown Sub and GMT’s all set new higher results the market was used to before. It all looks quit obvious that the rich have found their way to vintage watches for alternative assets, after vintage car & art boom, the watch market for best pieces got what it deserved, an steady increase.
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3444.jpg
Rolex has finally reached the record prices Patek Philippe fetch, a ‘Doctor Love’ alias blue Pulsometer with red Daytona, the arabic Qaboos or the black RCO became as expensive as a unique PPC ref. 2499 made for Cartier or the unique two tone dialed pink gold ref 1518!! Incredible when you consider that the Daytona’s are from regular production, just having special dials made in small amounts nobody cared about for many years compared to the ultra high complicated Patek Philippe movements that where already priceless for the happy few when they where specially made back in the days.
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3578.jpg
I want to add again that the record prices vintage Rolex achieve now are not the effort of the Rolex company. No, instead of having a museum like Patek Philippe displaying their history in every detail, a heritage service department that will help you archive your beloved Rolex with a official certificate or the vintage exhibitions around the world Patek did recently in München. Still now it’s due to the passion of the international watch community, vintage Rolex has become magic. I therefor strongly advise Rolex to go the same path as all serious watch brands do, honor the history of your heritage properly. Once this will happen in the, I still hope near future, we all will be amazed again what the results will be by then! The current vintage Rolex market deserves a official Rolex approvement!
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3456.jpg
So what are the consequences for the vintage Rolex market in general many are asking themselves? In my humble opinion I think that the hunt is on for any references that is still in it’s all original unmolested condition. After we have seen the many restored, laser welded and artificial added patina came to the market, serious collectors want a really mint piece rather then a well know reference that’s destroyed for ever after enhancing it’s look. The ‘Oyster Sotto’ alias RCO ( black 3 color Rolex Cosmograph Oyster) that fetched a million franks wasn’t even the best example around, imagine yourself when next year for instance the perfect brown RCO, that got sold by Sotheby’s 2 years ago and reached half of that price, comes to market what the result could be! I think the current record prices are just the beginning of international acknowledgment for top vintage Rolex by serious connoisseurs.
With other words all great Rolex, no matter which reference, that are in unpolished honest condition have become ‘priceless’ due to the fact the market don’t find these ‘fresh’ so often anymore. For instance some 2 months ago at Parma show a great Oyster Newman 6263 sold for maximum 150K euro, last weekend even at a local Swedish auction and at Sotheby’s similar examples sell easily for 200K euro, becoming the new price standar for this iconic Rolex. Same for a honest pump pusher Paul Newman’s where 100K will be a regular price price soon and fine gold examples at 200. This means the market is getting much more mature in a very short time. Off course buyers need to be aware about all little details that make a vintage Rolex become really collectable, look through the micro restoration or the photoshop pictures published in most auction catalogues. But once you set your standards high, a vintage top rolex won’t disappoint you. That has become clear to everybody since last weekend!
http://rolexpassionreport.com/wp-content/uploads/2013/11/RPR_IMG_3447.jpg
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Back home, it was super cool seeing so many of you all! I hope you have safe travels and i’m as usual looking forward to see you again soon! This was a very important weekend for vintage Rolex and I wish to thank you all for the effort to make it this special. It’s because of you all this weekend became mythical!! I’ve said it so many times already but due to our mutual passion we have I find it always really great to be around my friend, discuss and share our thought together!!
Liebe Grüsse and die netten Deutsche Sammler die ich begegnet binn :gut::gut:
Philipp
http://rolexpassionreport.com/13915/new-world-record-prices-for-vintage-rolex-at-the-geneva-watch-auctions/