Market
Bruno.M1's post highlights the astonishing market trajectory of F.P. Journe timepieces, particularly the Chronomètre Bleu, which has seen its value skyrocket into the six figures. This discussion explores the underlying factors contributing to these unprecedented prices and questions the sustainability of such rapid appreciation for a brand that, not long ago, aimed for accessibility. Bruno.M1's observations set the stage for a deeper dive into how a relatively young independent watchmaker has come to dominate auction results and collector aspirations.
The F.P. Journe Vagabondage I represents the inaugural reference in the Vagabondage series, introduced in 2004. This reference establishes the foundation for F.P. Journe's exploration of unconventional time display concepts within a compact case format.
The 36.5mm platinum case houses the manual-winding caliber 1509 movement, delivering 40 hours of power reserve. The silver dial is protected by sapphire crystal, while a fixed bezel maintains clean lines. Water resistance extends to 30 meters, and the watch is completed with a leather strap.
This reference appeals to collectors seeking F.P. Journe's approach to alternative time displays in a more intimate case size. The platinum construction and manual movement align with the brand's commitment to traditional materials and hand-winding mechanisms. As the first Vagabondage reference, it occupies a specific position for collectors interested in F.P. Journe's horological concepts beyond conventional displays.
And I was at the preview earlier this week. The sentiment around Journe was incredibly positive. The expectations for all Journe lots in the auction were very very high. And it proved right. When a non mechanical watch, of which many many thousands exist, can easily command six figures then a CB or CS should drive a higher price. Big prices like this just beget more consignments. Up to a point, until all these great watches have switched hands and sit with much deeper pockets. I feel like anyone
Not sure if many realize that just yet in 2025, tho quite a few do and are swapping out their currency. Exchanging currency for items of intrinsic value is best right now imho. Truly hope whomever purchased this FPJ gives it back to FFC. It's his timepiece imho. When he passes, then....
...maybe they'll make it back and more years from now. Barnum was correct...
...and I've seen some truly terrible paintings go for millions...you're right...it's another form of currency. Also a good way to keep your cash out of the bank where a government can't get to it...
used to be around 100 per year but I believe they reduced that since a couple of years.
It’s overwhelming but I’m not that surprised. My personal guess was 8-10 million considering the provenance of this one. It’s a unique story, a unique collaboration and a unique watch. Congratulations to the buyer.
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