Comments:

Exquisite!

 
 By: patrick_y : May 15th, 2019-15:13
I'd be happy with either one! 

Thanks Patrick!

 
 By: sham1 : May 15th, 2019-21:46
Hope you are doing well. I'd be happy with either one too smile

The first one hands down!

 
 By: jleno : May 15th, 2019-16:07
Whoa, I'm incredibly surprised at the estimates for these. AP platinum minute repeaters under $40K??? Is that real?

I assume...

 
 By: APROchrono : May 15th, 2019-17:04
The estimates exclude buyers premium? So another 15-30%?
Can someone more well versed in auctions confirm. I have never bid at auction... prefer private sales.

Even then, I would've guessed $100K+ as long as they are in good condition [nt]

 
 By: jleno : May 15th, 2019-17:11
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True, but estimates are just that...

 
 By: APROchrono : May 15th, 2019-17:14
Serves to draw people in to bid and help drive what really matters - what it sells for. Or am I being too cynical? smile

25% premium is the norm at these levels. I know the wandering hour version (#2 of 3) sold for about US$60k via Phillips HK a while back and the same watch for CHF32k back in 2010.

 
 By: Jay (Eire) : May 15th, 2019-19:26
The skeleton version, watch #10, fetched US$79k almost in 2012 at Christie’s. Watch #8 sold for closer to US$40k just a year before at Sotheby’s.
But something in my memory tells me I’ve seen these go for far less, I just can find the details right now.

Thanks Jay for the recollection.

 
 By: sham1 : May 15th, 2019-21:55
I await in anticipation for the forthcoming auction. I have set my own limits - self discipline is key! smile

The AP minute repeaters

 
 By: sham1 : May 15th, 2019-21:53
at the Geneva auctions that just ended last weekend were generally sold at about 20% above the estimates (inc buyers premium). The fact that the buyers premium is 25% indicates that the estimates were about right.

In my opinion, AP minute repeaters

 
 By: sham1 : May 15th, 2019-21:51
are terribly undervalued at auctions. Maybe the smaller sized ones just do not command as high a price as the larger sized cases but hey, they are still minute repeaters and ideal for the smaller wristed folk like me. smile

I'll definitely have to keep an eye out for these in the future, I had no idea it was possible to get something like that within this price range.

 
 By: jleno : May 15th, 2019-22:31
Best of luck for the auction! Would love to see a review on one of these if you win wink

Thank you!!

 
 By: sham1 : May 15th, 2019-22:37
I think it is a big 'IF' but I shall give it my best shot smile

Unfortunately I did not bid for the star wheel

 
 By: sham1 : May 27th, 2019-09:08
the reason being Christie's were kind enough to send me photos of the watch and the condition report confirmed that there was a ding on the case band at 9 o'clock which was off putting. For the record, both the above watches were sold for the same price - HKD 437,500.

The buyer's premium is usually 25% at the price level

 
 By: sham1 : May 15th, 2019-21:49
Having observed auctions, I have noticed that many estimates are exceeded especially at Philips auctions where the estimates seem on the lower side.Of course some lots remain unsold but the majority do sell.

Absolutely!

 
 By: sham1 : May 15th, 2019-21:48
If you have been following the Geneva auctions, quite a few went for USD40k and under which included the 25% buyer's premium ie the hammer price was USD32k. Quite a bargain.

Indeed, a bargain for the Connoisseur. BUT don't forget to add the price of a good service... [nt]

 
 By: amanico : May 15th, 2019-22:19
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Absolutely Nico!I

 
 By: sham1 : May 15th, 2019-22:32
As I was mentioning to jleno above, I have budgeted USD5k for a service and I hope that would be enough. I hope smile

Would you send it to AP?

 
 By: jleno : May 15th, 2019-22:38
It might be worth checking with them first.

Yes I would and yes

 
 By: sham1 : May 15th, 2019-22:46
I shall be checking with them, thank you.

It might be more... If I refer to the price of a full service plus some pieces for my 5402C some 9 years ago... [nt]

 
 By: amanico : May 15th, 2019-23:10
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Maybe that is why they are selling at relatively bargain prices

 
 By: sham1 : May 16th, 2019-03:59
it is like buying a classic car and having it restored but I believe this AP is in better condition than a classic car! If not, I will have to rob a bank! smile

Clearly. I see your point and share your excellent analogy. [nt]

 
 By: amanico : May 27th, 2019-09:10
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A question to an expert Nico

 
 By: sham1 : May 27th, 2019-09:52
Can a ding on a watch case be repaired and be made to disappear? The star wheel above had a ding at the case band at 9 o'clock so I decided to refrain from bidding. The hammer price was HKD350,000 which was double its lower estimate and in excess of its higher estimate but that ding just put me off.

How deep was the ding? Do you have a picture to share? [nt]

 
 By: amanico : May 27th, 2019-10:27
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Here goes!

 
 By: sham1 : May 27th, 2019-10:37




Where, the spot? The little round one at the right of the flash? [nt]

 
 By: amanico : May 27th, 2019-10:47
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Good question Nico! :-)

 
 By: sham1 : May 27th, 2019-10:50
Christie's sent this photo to me and to be honest, I never got around to asking them where the ding was!!  Yes, I know, I know.....  smile

If it is the small round one, no worries about that. I would keep it as it is! [nt]

 
 By: amanico : May 27th, 2019-10:52
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Thanks Nico!

 
 By: sham1 : May 27th, 2019-11:11
Maybe I should have asked you before the auction rather than after it!!  smile

Honestly, if this is the ding, you should have grabbed it. [nt]

 
 By: amanico : May 27th, 2019-11:17
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