Market
Jay (Eire)'s original post delves into the significant auction result of a Rexhep Rexhepi RRCC01, which fetched nearly a million US dollars. This discussion is crucial for understanding the evolving landscape of independent watchmaking and market valuation. Jay invites the community to interpret whether this record-breaking sale signifies a broader market trend or an isolated triumph for the acclaimed independent watchmaker.
I realize we don’t talk about prices here, but from time to time we do discuss auction results (a lesser evil than used/gray prices).
This one merits some exposure and discussion I think.
Earlier today in HK this RRCC01 from Rexhep Rexhepi brought US$ 922,000 (rounded down to the nearest dollar).
The watch is one of 25 produced, and has a gran feu enamel dial.
It was the first CC to come to auction.
I know there are many Rexhep owners and supporters here. I’ve met him once, earlier on, and he was gracious and nice. He was very appreciative of the F.P. Vagabondage I was wearing when I met him (a watch he told me he is a big fan of, and obviously has some familiarity with given his history with Journe).
So what do people think of this result?
Is it the announcement of the new generation?
A final nail in the coffin of the “older generation” indies?
Is it a single swallow that will not make a summer?
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.
but I must say that this result has set the standard since a Rexhep Rexhepi Chronometre Contemporain has succeeded in achieving a higher price than a Dufour Simplicity and a RW Smith Series 1, comparable time only watches but not so comparable when it comes to auction results. Well done to the seller, to the auction house and to Rexhep. I can't bring myself to congratulate the buyer as I think we will agree that this is quite over the top for any time only watch. I personally think that this mig
Great watch and unfortunately didn’t buy it about 5 years ago when they were for sale between 55 and 60k But today close to 1 million ? That’s absolutely ridiculous And I don’t t like it at all ! This is so far from passion and collecting, look at IG now and it’s all the same crap, talking about a close to 1 millions Rexhep…. And ofcourse most of the times people that have one. I know some here have one too and I’m glad for them they own it…. But come on…. 20 times more than what it originally s
I am just unsure of the dynamic here and wondered whether or not this was a true result or a choreographed one.
more and more suspect at these auction houses and how these results are derived at. I feel that there is a lot of market manipulation going on and when one sees a result like this . . . well, you be the judge.
Pease at least respect the watchmaker he is phenomenal nobody wrote about market manipulation when dufour brought top dollars and then dufour made another 20 to sell for his retirement funds Phillips had a lot to lose if is any possibility to be true
You buy up 4,5,6 Of these pieces In RG and platinum You put in an auction- you and your friends bid up the watch, you might even get a genuine bidder caught in the hype- you bid up so the it has a million price tag If you’re really lucky someone been duped into buying Or worst case scenario you buy it yourself You lose 200,000 in fees But, the watches you bought for say 70, and we’re struggling to sell at 100-150 now you sell at 400 because Its a bargain price compared to 1 million And because o
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