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Top Quality Rolex 31.00 mm Watches (415) Items
Top Quality Rolex 31.00 mm Watches (415) Items

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  • Collecting - Vintage Value Equation (4)


    WORLDTEMPUS - 20 August 2012
    When I am evaluating the condition of a watch, I always examine the case's lugs for thickness and uniformity. With experience after studying lots of watches, you will learn what a case looks like before it is refinished. For example: on complicated Patek Philippe models, especially perpetual calendar chronographs starting with the second-series 2499 models, the lugs have steps. Study these watches closely to learn what the steps look like when they are new. Stay away from cases with soft lugs or request a deep discount for a soft case. The metal can never again be made whole once it is polished away.
    In the previous three parts of this series, we have learned that the dial is the most important and valuable part of a vintage watch. Accordingly, the condition of the dial is paramount. Ideally, there will be no imperfections like flaking paint, no rust, or missing applied pieces. Many vintage watch dials have lacquer on them; after many years lacquer can craze or crack. This is actually a desirable effect on some watches like the glossy dial of the Rolex 5513 Submariner. Spotting on a dial that is a few decades or more in age is normal, and as long as it doesn't detract from your enjoyment of the watch, it is normally acceptable. The hands, usually included with the dial in grading condition, are frequently in different condition than the dial. Oxidation or pitting can often be found on hands. If there is luminous substance on the hands, it can be cracked or have completely fallen out. In this regard, original hands, regardless of their condition, are more valuable than replacement hands, even if the latter are like new.


    In terms of dial condition, there are some specific discolorations that enhance the value of the watch. Most common is patina, which is the word used for something whose color changes over time. The luminous hour markers on Rolex dials are the most useful example. Study the dials of, say, Reference 5513 Submariners. You will find hour markers from snow white (no patina) to deep butterscotch color. The important thing, in terms of value, is that the patina is uniform across all luminous elements. Another permutation in hue is the so called Color Change (or "Patrizzi") dials on the Rolex 16520 Daytona models. This only occurs on the black dials and, specifically, on the chapter rings around the subdials. Originally, the chapter rings were white or pale silver. Some, over time, develop a brown coloration. For many collectors, this is a pleasing effect and makes the watch more valuable. Incidentally, dials with a propensity for having chapter rings turn brown usually also have an inverted 6 on the chronograph hour totalizer subdial. One last example of a desirable color change is the Rolex Explorer II reference number 16550, whose white dials have turned to a deep cream color.


    Bracelets hopefully stand the test of time without stretching or losing links, however this is not as important as replacement bracelets are usually fairly easy to find, though likely expensive. Nothing is more personally disgusting than a used strap, much less a really old used strap. A new strap is preferred, as no one likes to wear a strap that someone else has sweated on. An exception to this is certain vintage pilot's watches with special straps or even ankle straps, which are basically almost as historic as the watch itself.
    The last variable in determining the value of a vintage watch is provenance: the old "box and papers" thing. Without exception or qualification, it is always better to get as many of the elements that were originally delivered with the watch as possible. For many high-end vintage watches, the presence of the original box, documents and other paraphernalia can enhance the value of the watch by as much as 25 to 35 percent.
    Interestingly, what was given out with the watch was often different depending on where in the world the watch was purchased. Let's face it, we all like to get as much as possible for our money, and the goodies and extras are important and quite valuable. The original guarantee or chronometer certificate for a watch also proves authenticity. There is an active market for vintage watch boxes, product booklets, hang tags and the like. Buyer beware, however: these items can also be faked. You can never be too careful in learning about the paraphernalia, what to look for to know if you are looking at genuine artifacts or fakes.
    A final thought when it comes to finding a watch with its original elements: the original owner and perhaps subsequent owners who cared enough to keep the watch and its things together was probably an owner who took good care of the watch itself. Easily 90 percent of vintage watches have no box and papers, so finding a complete package is rare, exciting and valuable. Good luck!

    Related stories:

    COLLECTING - Vintage Value Equation (1)
    COLLECTING - Vintage Value Equation (2)
    COLLECTING - Vintage Value Equation (3)

  • Antiquorum - The World's Most Complicated Timepiece

    Antiquorum's upcoming 35th anniversary sale on November 14th & 15th in Geneva is rapidly approaching and collectors can look forward to bidding on a wide variety of spectacular timepieces. Highlighting the auction is the world's most complicated and highly coveted timepiece - the famous Patek Philippe Calibre 89. In addition, there will be over 300 exceptional modern and vintage timepieces offered in the Antiquorum sale to be held at the Mandarin Oriental Hotel in Geneva. Prior to the auction, clients can preview these outstanding watches in Shanghai, Hong Kong, and Geneva.
    Lot 364


    Antiquorum is delighted to offer the Patek Philippe Calibre 89 from the Matsuda Collection - the world's most complicated timepiece with a total of 33 complications - in our 35th anniversary sale on November 14th and 15th. As this extraordinary timepiece is rarely seen at auction, this is an exceptional opportunity for collectors to acquire one of the most important timepieces in existence. Only four unique models of the Calibre 89 were ever produced; one each in yellow, pink and white gold and one in platinum. The present Calibre 89 in yellow gold was previously sold by Antiquorum in our April 9, 1989 sale of "The Art of Patek Philippe" to commemorate the 150th anniversary of Patek Philippe; while the Calibre 89 in white gold was sold in our 30th anniversary sale on April 24th, 2004.
    Lot 361


    Moreover, for the Patek aficionado, there is a Patek Philippe "Officier Repetitions Minutes," Ref. 5029. This exceptional timepiece was made in a limited edition of 10 examples in 1998 to commemorate the inauguration of the new Patek Philippe manufactory in Geneva. Sold September 25th, 1998, it is a very fine and extremely rare, minute-repeating, self-winding, 18K yellow gold chronometer wristwatch.
    Lot 335


    Another incredible Patek Philippe timepiece being offered is the Patek Philippe Ref. 2497 with luminous black dial. Produced in 1955 and sold on June 8th, 1962, this outstanding timepiece is an extremely fine and equally rare, center-seconds, 18K yellow gold wristwatch with perpetual calendar, and moon phases.
    Lot 362


    Additionally, a Patek Philippe "Minute Repeater", Ref. 3979 will be on the auction block. Made in 1998, it is a very fine and rare, minute repeating, self-winding, 18K yellow gold wristwatch.
    Lot 185


    Also included in the November sale is the Patek Philippe Ref. 3990. This exceptional and rare watch was produced circa 2000 and is now no longer in production. It is a very fine and important, astronomic, water-resistant, platinum and diamonds gentleman's wristwatch with round button chronograph, register, perpetual calendar, moon phases and sapphire crystal back.
    Lot 187


    In addition, there will also be a Patek Philippe Ref. 1463 with pulsometer scale offered in the upcoming sale. The exquisite watch was produced in 1953, and sold on March 7th, 1955. It is an extremely fine and very rare, water-resistant, 18K pink gold wristwatch with round button chronograph, 30-minute register and pulsometer scale graduated for 15 pulsations.
    Lot 358


    Furthermore, a Patek Philippe Ref. 1436 retailed by Tiffany will be amongst the highlights in the November sale. Made circa 1969, it is an extremely fine and rare, 18K yellow gold wristwatch with square button, co-axial split-seconds chronograph, 30-minute register and tachometer.
    Lot 352


    Also for the Patek Philippe enthusiast, there is the Patek Philippe Re. 2481 with tropics cloisonne dial. This remarkable timepiece was produced in 1954 and sold on October 2nd, 1956. It is an extremely fine and equally rare, center-seconds, 18K pink gold wristwatch with cloisonne enamel "Tropics" dial.
    Lot 278


    Fans of Richard Mille will want to bid on the Richard Mille "Tourbillon RM0003". This superb timepiece is a two-time zone, 18K white gold wristwatch with visible one-minute tourbillon regulator.

    Lot 298


    Another rare and sought after timepiece included in the sale is the Audemars Piguet dress watch retailed by Gubelin. This superb timepiece is a 18k white gold and enamel watch with perpetual calendar, minute repeater and split second second chronograph.
    Lot 346


    An additional extraordinary watch with cloisonne dial offered is the Rolex Ref. 6100, "Galleon Cloissone Dial." Produced in 1952, it is an exceptionally rare and fine, center-seconds, self-winding, water-resistant, 18K yellow gold wristwatch with cloisonne enamel galleon dial .
    Estimate:****


    Auction Previews:
    The timepieces of this auction will be on view as follows:
    • SHANGHAI
    November 3 & 4:
    10:30 a.m. - 6:30 p.m.
    Antiquorum Shanghai
    Room 4106B,
    Bund Centre Office Tower,
    222 Yan An Road East,
    Shanghai 200002, China
    Tel.+86 21 6335 1268
    • HONG KONG
    November 6 & 7:
    11:00 a.m. - 7:00 p.m.
    Antiquorum Auctioneers (HK) Ltd.
    Suite 1405, 9 Queen's Rd. Central,
    Hong Kong, China
    Tel. + 852 2522 4168

    GENEVA
    November 12 to 15:
    10:00 a.m. - 7:00 p.m.
    Antiquorum's Showroom
    2, rue du Mont-Blanc
    1201 Geneva, Switzerland
    Tel.+ 41 (0)22 909 28 50
    Auction:
    First Session: Saturday, November 14 (lots 1 - 187) begins at 3:00 p.m.
    Second Session: Sunday, November 15 (lots 188 - 364) begins 3:00 p.m.

Rolex 31.00 mm

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