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Luxury watch auction round-up: Ronnie Peterson Heuer Carrera breaks record

By   /   November 7, 2016  /   No Comments

From a Heuer Carrera chronograph to a gold Breguet and a ‘Magician Box’

A Heuer Carrera chronograph was sold for more than ten times its estimate last month when it fetched SFr225,000 ($227,000) at Sotheby’s in May, making it the most expensive Heuer sold. The gold chronograph was originally a gift to the Swedish Formula One star Ronnie Peterson and was inscribed on the back “Success. Ronnie Peterson from Jack W Heuer”. Peterson died following an accident at the 1978 Monza Grand Prix. The previous record for the make was €55,000, paid for a TAG Heuer S/el that once belonged to the late Ayrton Senna.

A gold Breguet watch made during the late 18th century fetched SFr3.2m at Christie’s in Geneva last month, the second highest price paid for a watch by the legendary maker, who died in 1823. The self-winding, quarter-repeater with calendar, equation of time and power reserve indications is regarded as one of Breguet’s masterpieces. It was originally sold to the French general Jean Moreau for 3,600 French francs before being bought for 4,800 francs in 1817 by Charles-Louis Havas, founder of the news agency now known as Agence France-Presse. The new owner is believed to be the Breguet museum.

Phillips exceeded the combined totals achieved by Antiquorum, Christie’s and Sotheby’s at last month’s flagship watch sales in Geneva when it made more than SFr32.8m ($33.1m) from 326 lots. Phillips resumed horological auctions only a year ago after an absence of more than a decade, but under the guidance of former Christie’s star Aurel Bacs, it has quickly established itself as the most successful house. The star pieces from Geneva included a 1942 Rolex split-seconds chronograph which realised SFr2.4m and a 1956 Patek Philippe perpetual calendar chronograph at SFr1.6m.

Read More: FinancialTimes.com

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