Showing posts with label Patek Philippe. Show all posts
Showing posts with label Patek Philippe. Show all posts

The Complicated Process of Defining A Grand Complication Watch

Patek Philippe Reference 959/J Grand Complication Timepiece at Aaron Faber Gallery.

The question of what are the components that define a grand complication timepiece seems fairly straightforward and at least two members of an esteem group of panelists discussing this topic said there is an absolute answer to this question. However, the definitive explanation proved to be elusive during a discussion about this and other timepiece topics during a rainy June evening at Aaron Faber Gallery in New York.

The fact is the discussion of grand complications is … well … complicated. First, you need agreement of what is a complication. In its simplest definition a complication is any feature to a timepiece outside of the simple display of hours, minutes, and seconds (for example, a date/day display). However, that doesn't quite cut it when trying to define the term in a grand complication, considered the most complex achievement of haute horlogerie.


Grand complications panelists (from left): Gary Girdvainis, Edward Faber, Michael Friedman, Osvaldo Patrizzi and Alexis Sarkissian.

Osvaldo Patrizzi, best-known as the founder of Antiquorum, the international auction house for timepieces, is one of the most connected, most respected and best known people in the world of haute horlogerie. He said the reason grand complications are so expensive and so rare is because it’s extremely difficult to fit several complications into such a small space and because the type and number of complications in a watch will affect its appearance.

“The more complications you want the more problems you have,” he said in his Italian accent.

He noted that he was among a small group of people who worked at creating a definition for a complication in an “ultra-complicated” watch.

“We spent one day to define what is a complication on a normal size watch,” he said. “A complication is when you are able to give one (piece) of information.”

Panelists were in relative agreement on this. The next question by the moderator, Gary Girdvainis, publisher and editorial director of the publications, WristWatch Magazine and AboutTime, was: Is a toubillon a complication?

The toubillon was invented by French-Swiss watchmaker Abraham-Louis Breguet, to (in simple terms) negate the effects of gravity on the accuracy of a timepiece. It is housed in a rotating cage that is often seen on the dial. It is a beautiful, complex device that is widely sought after among watch collectors. But does it provide information?

On this, Patrizzi, the man who in his own words helped give the definition of a complication, gave a long response that was noncommittal. 


[Update, July 24] Patrizzi clarified his statement saying that he has always considered a tourbillion a complication.

Michael Friedman, a timepiece auctioneer, a museum curator and noted expert on the history of horology, was more direct.

“The tourbillion is an incredibly complicated escapement but in my mind it’s not necessarily a complication,” he said. “It was a complicated escapement that Breguet designed to solve a very specific problem.”

The panelists, which also included Edward Faber, founder of Aaron Faber Gallery and author of American Wristwatches: Five Decades of Style and Design; and Alexis Sarkissian, founder of Totally Worth, a boutique distribution network for luxury timepieces; seemed to be in agreement. If Patrizzi was cornered I think he would agree as well.

So what are the complications that make up a grand complication? Again the panelists were in relative agreement: minute repeater, perpetual calendar, phases of the moon, grand and petite sonnerie, and split-seconds chronograph.

Friedman strayed a bit with his answer, saying a simple chronograph would be acceptable in his view.

“I’m a bit of a traditionalist for a definition. I view that it has to have minute repeater, perpetual calendar, phases of the moon (and) grand and petite sonnaire. These are the classic complications that need to be part of the grand complication,” he said. “Once we get beyond those basics, it’s a matter of definition. It’s a matter of companies marketing themselves in a particular way, whether something has an alarm, whether something has a split-second chronograph versus a standard chronograph. For me a grand complication can have a standard chronograph. It doesn’t have to have a split-second chronograph, partly because if we’re talking about a complicated watch from the 1870s, it likely would have had a standard chronograph function of a watch. So for me those are the classics.”

Friedman also noted that the same conversation would have been different if it was held at certain periods during the last 150 years.

“That’s one thing I love about this topic,” he said. “It’s a moving target and the definitions change over time.”

Panelists also discussed variations in the auction market for high-end watches, maintenance and repairs of ultra-complications watches, the increase of watch brands under corporate ownership and the need for more watchmakers throughout the world. These are all topics that need their own space.

The discussion was held the day before Christie’s was auctioning the earliest and most significant example of a Patek Philippe grand complication. The Stephen S. Palmer Patek Philippe Grand Complication No. 97912 is a minute repeating perpetual calendar split-seconds chronograph watch with grand and petite sonnerie and moon phases. It was manufactured in 1898. It has never been seen in public and it was the first time it ever appeared at auction. The watch was purchased on Oct. 3, 1900, for 6,500 Swiss francs by Stephen S. Palmer.

It sold for more than $2.25 million, a world auction record for a Patek Philippe grand complication.

Aaron Faber Gallery held a week-long exhibition that featured a similar grand complication as its centerpiece: a Patek Philippe Reference 959/J (top picture). Made in 1992, it has a perpetual calendar, moon phases, split seconds chronograph, grand and petite sonnerie, and minute repeater. 


It’s a steal at $1.5 million. 

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Earliest Known Patek Philippe Grand Complication Sells For A Record $2.25 Million


The earliest and most significant example of a Patek Philippe Grand Complication sold for more than $2.25 million Tuesday at Christie’s New York Important Watches auction—well above its $1.5 million high estimate. The price represents a world auction record for a Patek Philippe Grand Complication.

The Stephen S. Palmer Patek Philippe Grand Complication No. 97912 is a minute repeating perpetual calendar split-seconds chronograph clockwatch with grande and petite sonnerie and moon phases, manufactured in 1898. It has never been seen in public and it was the first time it ever appeared on the auction block. 


The definition of Grand Complication is often debated among watch experts and collectors, but it is generally agreed that it features the following: Grand and Petite Sonnerie, Perpetual Calendar and Moon Phases, and Split-Seconds Chronograph.

Until the appearance of the 18k pink gold Palmer watch, it was broadly accepted that Patek Philippe did not make its first Grand Complication until 1910 and that the second ever made was reserved before World War I for James W. Packard in 1916, Christie’s said recently.



With all of the avid collectors of important watches, the historical watch experts, and the way that luxury watch companies maintain their historical data—how could such a rare and valuable watch be unknown? Last night I attended a panel presentation on Grand Complications at the Aaron Faber Gallery in New York and was told by two of the panelists that this type of thing does occasionally happen. Michael Friedman, an historical watch expert, explained to me that being in a private collection the watch was unknown. In addition, even if Patek Philippe has the information in its archives it would not have released it unless asked.

The watch was purchased on Oct. 3, 1900, for 6,500 Swiss francs by Stephen S. Palmer. The original certificate and presentation box were included in the sale.

The sale of 361 lots totaled nearly $8 million. 


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Chopard and Patek Modern Watches Were Top Sellers at Sotheby’s

18K white gold and diamond Chopard tourbillon watch

An 18K white gold and diamond Chopard limited edition tourbillon watch and a Patek Philippe platinum automatic minute repeating perpetual calendar tonneau both sold for $461,000 at Sotheby’s final watch and clock auction of the spring season in New York. 

Patek Philippe platinum automatic minute repeating perpetual calendar tonneau.

The Chopard piece, released circa 2007, has a dial covered with baguette-cut diamonds and a power reserve at 12 o'clock. The Patek Philippe circa 1997 watch has a retrograde date and moon-phases compilations. Sotheby’s Important Watches & Clocks auction held Monday opened and closed with these two modern complicated wristwatches.

The auction took in more than $7.1 million, besting its pre-sale high estimate of $6.5 million and selling 89.1% by lot.

Other pieces of significance that sold included a circa 1915 Cartier desk timepiece that fetched $100,000 and a prototype sports model made by Rolex in 1967 that achieved $383,000—nearly five times its high estimate. A limited edition tourbillon by A. Lange & Söhne from 2011 brought in $197,000.

Pieces made for the Chinese, Indian and South American export markets owned by inventor and businessman Robert Howard brought in approximately $1.4 million, while all ten lots from the estate of golf course designer Jaime Ortiz-Patiño sold and were led by a Patek Philippe Ref 5004R that sold for $185,000.

“We are thrilled to finish it with an auction that performed so well across the full diversity of makers and time periods represented,” said Katharine Thomas, head of Sotheby's Watches department in New York.


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Stephen S. Palmer Patek Philippe Grand Complication May Fetch $1.5 Million


Christie’s New York said it will offer the earliest and most significant example of a Patek Philippe grand complication as the highlight of its New York Important Watches auction on June 11. It is estimated to fetch $1 to $1.5 million.

The Stephen S. Palmer Patek Philippe Grand Complication No. 97912 is a minute repeating perpetual calendar split-seconds chronograph clockwatch with grande and petite sonnerie and moon phases, manufactured in 1898. It has never before seen in public, and it is the first time ever on the auction block.



Until the appearance of the Palmer watch, it was broadly accepted that Patek Philippe did not make its first Grand Complication until 1910 and that the second ever made was reserved before World War I for James W. Packard in 1916, Christie’s explained.

Purchased on Oct. 3, 1900, for 6,500 Swiss francs by Stephen S. Palmer, the discovery of this watch serves as a “spectacular addition to scholarship surrounding Patek Philippe and Grand Complications in general,” Christie’s said in a statement. “Adding to its rarity, it is the only example known to have been cased in pink gold whereas all following pieces were cased in yellow gold according to the style of the early 20th century.”


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Large Independent Watch Brands at Baselworld 2013

Patek Philippe Ref. 5200 Gondolo 8 Days, Day & Date Indication

The sharks are circling this next group of watch brands that I saw at Baselworld 2013. By sharks I mean Swatch Group, LVMH, PPR/Kering and others like them who gobble up independent watch companies like Yellowfins with a never ending appetite. These companies (and a few others) are for the most part large and successful and have managed to keep their independence.

This independence is something they wear proudly and even use for their marketing. They all claim that they will remain free of the luxury conglomerates but others who have made the same vow have fallen to the seduction of these companies and their deep pockets as well as the new realities of a global watch business.

So here’s a chance to view the labor of independent companies before the sharks take another other bite out of these remaining few.

Patek Philippe Ref. 5200 Gondolo 8 Days, Day & Date Indication (top photo)
Arguably the most successful Swiss watch company in history, it's difficult to imagine this company being anything but independent.

For this model, Patek developed a new mechanical caliber with Silinvar components created at the “Patek Philippe Advanced Research” think tank. The result is a form movement with a genuine 8-day power-reserve display. The watch is housed in a curved Art Deco style case.

The rectangular caliber 28-20 REC 8J PS IRM C J was developed for the Ref. 5200 Gondolo. In twin in-line barrels it stores the power needed to guarantee that it will run non-stop for 192 hours. The winding mechanism requires 134 revolutions every eight days. The day and date indicators are located on the “sunshine blue” dial at 6 o’clock and the power reserve function is at 12 o’clock.

Patek says the movement’s eight-day staying power with the day and date apertures is due to the patented oscillator with a Spiromax balance spring and a Pulsomax escapement. It is the manufacture’s first 4-hertz movement with these patented elements. The watch is also available with a white dial.


Oris ProDiver Pointer Moon
Oris says this professional diver’s watch is the world's first mechanical timepiece to indicate both the lunar cycle and the tidal range.

The watch was inspired by its brand ambassador, commercial diver Roman Frischknecht. The dial design indicates the tidal range and lunar cycle at a glance, removing the need for divers to consult manuals. It incorporates Oris's patented Rotation Safety System, which allows the wearer to keep track of a certain time period using a rotating bezel that can be locked to prevent accidental adjustment, and an automatic helium escape valve.

The automatic movement, Oris Cal. 761, is based on a Sellita SW220 with pointer moon function and a date display at 5 o’clock. Its titanium case is water resistant to 1,000m. For ease of readability for divers, the sapphire crystal is domed on both sides and has an inner anti-reflective coating. It is available in northern and southern hemisphere tide range indication.


Corum Ti-Bridge Automatic Dual Winder
Corum’s latest addition to the Bridges collection has a “Dual Winder” system powered by the automatic CO 207 caliber. This movement derives its energy from two interconnected inline oscillating weights. The watch also boasts a patented winding system and a new titanium case.

The patented Corum Dual Winder system features two inline-mounted circular oscillating weights, interconnected by a transmission arbor that makes them move in parallel. The winding is efficient in both directions. A single barrel placed at 3 o’clock stores up the CO 207 caliber’s 72-hour power reserve. The CO 207 movement is held in the center of the case by four titanium cross-bars. The impression of a suspended mechanism is further accentuated by its transparency, framed by an anthracite grey dial. It is available in grade 5 titanium and in 5N 18k red gold.


Carl F. Bucherer Manero MoonPhase Limited Edition
This watch marks the 125-year anniversary when Carl Friedrich Bucherer founded the company. It provides the date, day of the week and the month with a moonphase.

The date is shown by a hand around the center of the dial. The day of the week indicator is positioned at 10 o’clock, and the month can be seen at 2 o’clock. The moonphase indication is positioned at 6 o’clock. The watch is powered by the automatic CFB 1966 caliber.

With a diameter of 38 mm, the bicolored case is made of 18k rose gold and stainless steel. In spite of the many indications, optimum legibility is enhanced by the wedge-shaped index marks and the tapering Super-Luminova-coated hours and minutes hands. The moonphase indication has a gold-colored moon shining out against a blue background. It is limited to 125 pieces.


Nomos Glashütte Orion 38 Gray
This latest version of the Orion at 38mm is a bit wider than the usual Orion and has a touch of gray. the standard Nomos caliber (with the hand-wound Alpha movement ) is visible through the sapphire crystal back. The face is galvanized and rhodium-plated in silver-gray, which gives it a glazed appearance. The watch’s indices are embossed and diamond-coated. It is one of a series of four Orion 38 watches that were introduced at Baselworld. The company hails from Glashütte, the watchmaking capital of Germany.


Frédérique Constant Slimline Moonphase Manufacture
Five new models of the Slimline Moonphase Collection were introduced at Baselworld and all are driven by the FC-705 Manufacture caliber.

Each complication in the watch is accessed through a three-position single crown. “Position 0” is for winding the watch. At “Position 1,” the date can be adjusted by turning the crown clockwise. Turning the crown counter clockwise adjusts the moonphase. “Position 2” is used to adjust the hour and minute hands.

Other features include the slimline design and a case diameter of 42 mm. Each dial presents the date display and moonphase at the 6 o’clock position. A new technology known as “laser ablation” was used to create a detailed and precise image of the moon. Finally, each model comes with a 26-jewel movement, a 42-hour power reserve and a Circular Côtes de Genève decoration on the movement.


Alpina 130 Heritage Pilot Automatic Chronograph
This watch celebrates Alpina’s 130th anniversary. The “Bi-compax" chronograph was inspired by an Alpina pilot chronograph from the beginning of the 20th Century.

The Alpina 130 features a sapphire crystal with anti-reflective coating that guarantees perfect contrast between all elements of the dial, regardless of the angle of the light shining on the watch. The classic dial design, with telemeter and tachymeter scales provides a balance between technicality, elegance and readability. The transparent case back allows a view of the AL-860 automatic chronograph caliber with its fine fish scales decoration and blue screws.

The tachymeter scale gives the means to measure average speed of movement, while the telemeter scale provides the distance between the source of a specific sound effect and the position of the listener. These functions are important for pilots and drivers who rely on time, speed and distance variables.


Raymond Weil Freelancer 7730
The new additions to the watch brand’s Freelancer chronograph collection include a 42mm steel case watch with black galvanic dial punctuated with red colored notes. The steel-colored minute and hour hands are coated in a luminescent material providing night-time visibility. It has a seconds subdial at 9 o’clock and a three-day date and day window at 3 o’clock, adjusted by a push pin also at 3 o’clock. The chronograph start, stop and restart push-button is at 2 o’clock and a reset button at 4 o’clock. In addition, there’s a 30-minute counter at 12 o’clock and a 12-hour counter at 6 o’clock.


Jacob & Co. Quenttin Tourbillion Baguette
The company known for its over-the-top flare and dramatic reinterpretations of timepieces released its latest version of the Quenttin Tourbillion, which in this case is covered in baguette-shaped diamonds. The curved case measures 56 x 47 x 21.55mm and is topped with 26.01 carats of diamonds. The satin-finished titanium and 18k rhodium-plated, polished white gold is set with 453 diamonds (23.81 carats). The tourbillon is visible through a side window.

The dial indicators are on revolving cylindrical drums with Super-luminova Arabic numerals, with the central hours cylinder and minutes cylinder to the right; and power reserve indication on the left cylinder. The movement is a manual-winding Jacob & Co. MHC-manufactured caliber 9031 with one-minute vertical tourbillon; frequency 21’600 vph, seven spring barrels and 31-day power reserve.

Black vulcanized rubber strap with 18k white gold deployment buckle is set with 40 baguette diamonds (2.20 carats). It is limited to six pieces.


Perrelet Turbine Chrono
The watch brand created a timepiece collection incorporating a chronograph into a Turbine powered by an in-house P-361 automatic movement. The chronograph measurements are provided by a central seconds chronograph hand and a 60-minute counter. The former runs over a large inner bezel surrounding the dial, while the latter is composed of two juxtaposed sapphire crystal elements. A graduated mobile disk turns in the center of a fixed ring marked with a red arrow bearing the inscription “min” and pointing to the recorded times. The transparency of the chronograph counter allows the signature rotor of the Turbine watch to remain visible.

Five chronographs make up the collection in 47 mm-diameter cases with tachometric bezels and applied rings. There are three variations in graded shades of black and white, one enhanced with 4N pink gold, and an All-Black model.

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World Records Set for Eric Clapton’s Patek Philippe Watch and Patek Chronometer

Eric Clapton's watch with moon phases sold for $3.6 million. CHRISTIE'S IMAGES LTD. 2012

A Patek Philippe platinum perpetual calendar chronograph wristwatch with moon phases owned by famed guitarist Eric Clapton sold for $3.6 million at Christie’s Geneva Important Watch auction held Monday.

Described by the auction house as a reference 2499/100, movement number 869'308, and case number 2'817'876, it was manufactured in 1987. The Calibre 13''' mechanical movement was stamped twice with the Geneva seal. The watch from the famed rock and blues musician and songwriter (nicknamed “slowhand”) has 23 jewels, silvered matte dial, applied gold baton and square numerals, gold dauphine hands, outer Arabic five minute divisions, windows for day and month, three subsidiary dials for constant seconds, 30 minutes register and moon phases with date, circular case, stepped downturned lugs, snap on back. Finally it has a platinum Patek Philippe buckle, case, and a signed 37.5 mm. diameter dial and movement.
Patek Philippe unique platinum chronometer wristwatch sold for $4 million. CHRISTIE'S IMAGES LTD. 2012

While Clapton’s watch may have been the piece the received the most press, it didn’t receive the highest bid at the auction. That honor went to “J.B. Champion Platinum Observatory Chronometer.” a Patek Philippe unique platinum chronometer wristwatch with Guillaume balance, Bulletin d’Observatoire, additional diamond-set dial and platinum bracelet that sold for just under $4 million, a world auction record for a watch without complications.

Manufactured in 1952, the historically significant 13''' caliber, 13 Lépine, mechanical movement is numbered twice and stamped twice with the Geneva seal, three-quarter plate, 20 jewels, blued steel Breguet balance spring, Guillaume balance, micrometer regulator, silvered matte dial, applied baton numerals, outer beady minute divisions, gold feuille hands, subsidiary seconds, circular heavy case, snap on back, platinum Patek Philippe buckle, case, dial and movement signed 36 mm. diameter.

It great day for Patek Philippe as the top 10 lots was manufactured by the renown Swiss watch brand. This includes three other Pateks that sold for more than $1 million:

* An extremely rare, platinum chronograph wristwatch that sold for $1.6 million. One of three platinum examples ever made of this reference; it’s signed Patek Philippe & Co., Genève, ref. 1579, movement no. 867'005, case no. 645'566. Manufactured in 1946, the Calibre 13''' mechanical movement has 23 jewels, micrometer regulator, silvered matte dial, black enameled baton and applied gold Arabic numerals, Arabic five minute divisions, outer tachymetre scale, two subsidiary dials for constant seconds and 30 minutes register, large circular case, downturned angular or "spider" lugs, snap on back, and 18K white gold Patek Philippe buckle.

* An 18K gold World Time wristwatch with cloisonnè enamel dial depicting the Eastern hemisphere sold for more than $1.04 million. Signed Patek Philippe, Genève, ref. 1415 HU, movement no. 964'802, case no. 669'492. Manufactured in 1949, the calibre 12'''120 HU mechanical movement has 18 jewels, bimetallic compensation balance, micrometer regulator, polychrome cloisonné enamel dial depicting the map of Europe, Asia, Africa and Australia, applied gold baton and Roman numerals, gold hands, outer revolving ring depicting the diurnal and nocturnal hours on silvered and black background, circular case with revolving bezel engraved with the names of 41 cities in the world, teardrop lugs, and snap on back.

* An 18K pink gold chronograph wristwatch with two-tone silvered dial also sold for more than $1.04 million. Signed Patek Philippe, Genève, retailed by Gobbi, Milano, ref. 530, movement no. 868'800, case no. 514'608, it was manufactured in 1955. The Cal. 13''' mechanical movement stamped with the Geneva Seal, 23 jewels, two-tone silvered dial, applied pink gold baton and Arabic numerals, gold hands, outer railway five minute divisions and tachymetre scale, two subsidiary dials for constant seconds and 30 minutes register, large circular case, downturned lugs, snap on back, two rectangular chronograph buttons in the band, 18K pink gold buckle, case and movement signed by the maker, dial signed by the maker and the retailer.

Possibly the world's first chronograph. CHRISTIE'S IMAGES LTD. 2012

A timepiece of historical significance that was part of the auction was what may have been the first chronograph. It sold for $245,274. The “probably unique” and historically important inking chronograph with cylinder escapement, housed in mahogany box is signed Rieussec Horologer du Roi, Chronographe, Brevet d'Invention, circa 1821/22.

Nicolas Mathieu Rieussec is credited with inventing the chronograph on September 1, 1821.

The timepiece has a mechanical cylinder movement, plain three-arm balance, two revolving silvered dials on the front plate—the upper one for minutes, the lower one for seconds—both with fixed blued steel inking hand, brass button on the left side of the fausse-plaque activates the inking hand, brass button on the right starts and stops the movement, front plate signed. It measures 143 mm. long & 114 mm. wide not including the box.

This lot includes a note from Christie’s, which reads as follows:

It is very interesting to note that this historically important inking chronograph by Rieussec is not numbered, but instead inscribed "Chronographe, Brevet d'Invention". One may speculate for the reasons why Rieussec didn't number this superb piece, but one very logical explanation may be that this example here is the very one he used to obtain his patent.

Vaucher Fleurier 18K gold and enamel identical numbered, mirror-image pair of duplex watches. CHRISTIE'S IMAGES LTD. 2012

Another interesting item that received a great deal of interest was a set of two Vaucher, Fleurier 18K gold and enamel identical numbered, mirror-image pair of openface center seconds duplex watches with matching gold and enamel keys and fitted box, made for the Chinese market. It fetched $385,432, nearly triple its high estimate. Signed Vaucher, Fleurier, No. 160 & 160., circa 1830, it features mirror-polished and blued steel keywound duplex movements, bimetallic compensation balances with blued steel wedge-shaped weights, hinged gold cuvettes, white enamel dials, Roman numerals, gold spade hands, centre seconds, large circular cases, pink, light blue and translucent scarlet champlevé enamel floral decorated bezels, rims, pendants and bows, the backs decorated with finely painted, mirror-image polychrome enamel bouquet of flowers on mauve background.

All totaled, the auction held at the Four Seasons Hotel des Bergues, Geneva achieved more than $28.5 million in sales with 96 percent sold by lot and 97 percent sold by value. All prices realized for individual items and auction house totals include commissions.

“Today’s seven-hour marathon auction welcomed some 500 registrants from five continents, generating stellar sell-through rates as well as breaking numerous records,” said Aurel Bacs, International Head of Christie's Watch Department. “Collectors, public and private museums, the trade and also an investment watch fund, battled out the bidding for the best watches seen at auction this season, reconfirming.”

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