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The Henry Graves Jr. Supercomplication has long been known as the World’s Most Famous Watch.

 

A November 11th auction in Geneva reaffirmed this status. The timepiece sold for a recording breaking $24 million.

The Patek Philippe–designed watch was created as the result of a 1925 “contest” between two watch collectors, New York City banking magnate Henry Graves Jr. and automaker James Ward Packard, to see who could create the most complicated watch.

The $24 million final price smashed its estimate of $17 million, and more than doubled its 1999 hammer price of $11 million, which at the time set a record for a watch purchased at auction.

 

The Henry Graves Jr Supercomplication is a 14k gold watch which comprises 900 individual parts and boasts 24 complications (features other than time), including a perpetual calendar that extends to the year 2100, indications for the time of sunset and sunrise, a stopwatch for hours and minutes, an alarm, a map of the sky over Graves’ New York City apartment, and chimes that sound like Big Ben.

It is an exquisite handcrafted timepiece that may never be matched without a machine!

An 18-carat gold timepiece made by Patek Philippe is expected to sell at auction for $16.5 million!

The watch was commissioned in 1925 by New York banker Henry Graves and it is considered to be the most complicated watch ever made. It took 8 years to make by hand.

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Indisputably this is the “Holy Grail” of watches, The Henry Graves Supercomplication combines the Renaissance ideal of the unity of beauty and craftsmanship with the apogee of science.

The 18-carat gold openface watch was the culmination of three years of research and two years of painstaking craftsmanship.

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The watch features a perpetual calendar, moon phases, sidereal time, power reserve, and indications for time of sunset and sunrise and the night sky of New York City.

This is the second time it is being sold at auction, after being bought in 1999 for a record-breaking $11m. It became the most expensive timepiece ever sold at auction, but is now set to enter the record books for a second time.

It will go to auction on November 11.

At a Hong Kong auction for the sale of Important Modern and Vintage Timepieces, Patek Philippe was a big winner.

The Patek Philippe 3979 was the highest selling watch at the auction. The intense bidding war for not only this timepiece, but all of the Patek Philippe watches at auction “demonstrated global collectors’ passion for Patek Philippe wristwatches.”

The 3979 wound up selling for $468,000. It is a minute repeating watch that features an enamel dial.

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The Patek Philippe 5029 and 2438-1 were the second and third highest selling timepieces at the auction.

Once again, we see Patek Philippe showing its international pedigree as the finest of timepieces.

While it’s not quite the world’s largest natural pearl, it is the largest natural pearl to come up to auction.

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The pearl came from a private source, whose wife wore it as an earring. It was accompanied by a cultured pearl. The jewelry department head of the auction house had the pearl’s origin certified by the Swiss Gemmological Institute.

The pearl is an attractive white color with weak rosé and green overtones. Poetically, it is also referred to as the ‘orient of pearls.’ These overtones are due to an iridescence effect caused on the surface of pearls which greatly contribute to their beauty.

The pearl is expected to bring in somewhere around $400,000 at auction on May 1.

On May 13th in Geneva, the Graff Vivid Yellow diamond will be auctioned off. It is 100.9 ct and named after for the famed diamond collector Laurence Graff.

It is considered one of the largest vivid yellow diamonds in the world and should fetch between $15 and $20 million.

Also at the auction will be a Graff diamond ring which features  a 103.46 ct round brillian cut. It is considered one of the largest diamonds in the world and is expected to bring in between $3.5 and $5 million.

Another item at the auction is the Victory Diamond. It is a  31.34 ct D Type IIA step cut and was named in honor of the Allies’ triumph in World War II. It was originally discovered in 1945 and at the time was the largest alluvial rough ever found, weighing in at 770 cts.

In the 1950s, 30 diamonds were cut from that rough. The Victory Diamond was the biggest of these cuts– it is considered potentially flawless and should bring in around $5 million to $8 million.

It is going to be a great sale!

 

The Rolex Ref. 6200 is “known as one of the holy grails for Rolex collectors.” It has an “Explorer” dial and sold for $209,735, double its pre-sale value, at a recent Geneva auction.

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Made in 1954, the self-winding stainless steel Submariner features center seconds and is water resistant with a bi-directional revolving black bezel, winding crown and stainless steel Rolex Oyster riveted bracelet.

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The big blue is the stone’s name… The 29.6 carat blue diamond was found at the Cullinan mine in South Africa fetched almost $900,000 per carat as it sold for $25.6 million!

This stone has been considered by some to be one of the most important blue diamonds ever discovered. The stone was discovered early in January 2014 and has magnificent clarity , saturation, and tone. The huge vivid blue diamond is truly extraordinary.

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The stone could be cut to rival the resulting polished & cut stone of the “Star of Josephine” (shown below). The “Star of Josephine” diamond started as a 26.6 carat blue rough diamond and resulted in a 7 ct. polished stone that sold for $9,000,000 at an auction in 2009.

A 7.59 carat, internally flawless, fancy vivid blue diamond is displayed at Sotheby's auction house in New York

 

The bi-annual Only Watch auction took place in Monaco this past week. One of the auction’s major highlights was the unique, and completely titanium Patek Phillipe 5004, and it did not disappoint.  The watch exceeded expectations and sold for an impressive 2,950,000 Euros, or $3,985,067.  This is an astonishing $2,000,000 more than the 3939A minute repeater that sold the last time around.

 

While not all results were as successful in the auction (some were below the pre-set “wish prices” as per the manufacturers), the $4,000,000 brought in for the Patek Phillipe 5004 made for a great overall sale.  In total, the sale raised over 5 million euros for charity. You can see the entire list of Only Watch results right here.

 

 

 

In an upcoming auction, three very rare magnificent colored jewels will be highlighted: an 8.77 ct. fancy intense pink diamond, a 3.81 ct. fancy vivid blue, and a 5.13 ct. fancy vivid yellow.

There is a 5 carat square-cut fancy vivid yellow diamond is expected to sell for more $200,000 to $300,000. The 8.77 ct. rectangular cut fancy intense pink ring has an estimated price tag of $5.5 million to $6.5 million. The 3.81 ct. cushion-cut fancy vivid blue diamond ring is also expected to sale for $2.5 million to $3 million.

Other notable diamonds in the auction include:

– A 25.3 ct. D-color diamond ring, with a $2.4 million to $3 million estimate.

– An 18.8 ct. D-color diamond ring with a $1.7 million to $2 million estimate.

– A 9.52 ct. D-color diamond ring, with internally flawless clarity, with an $850,000 to $1.05 million estimate.

 

 

 

 

 

 

 

 

 

Recently, an extremely rare 5.30-carat, fancy deep-blue diamond was sold in London for $9.5 million (GPB 6.2 million) or $1.8 million per carat . According to the auction house, bids from all over the world came through just 25 telephone lines as well as those from a packed sales room.

 

The ring went to bid with a high presale estimate of $2.3 million. Made by Bulgari in 1965, the ring is a cushion-shaped blue diamond, set horizontally with a mount pave-set with brilliant-cut diamonds and course of baguette-cut diamonds in a Trombino ring.

 

The seller stated, “We are delighted with the price it has made. It was a sensational stone which charmed everyone who viewed it prior to the sale. Blue diamonds, especially those over 5.00 carats, are extremely rare to see on the market and continue to be highly sought-after. We are honored to have handled the sale of such a unique gem.”