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Underground Auction in Geneva Wine Cellar Surpasses Expectations

Catherine by Catherine
15/04/2024
in wrist watch news
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In a clandestine affair held in the depths of a Geneva wine cellar, an underground auction of vintage watches orchestrated by Sotheby’s achieved unprecedented success, nearly doubling its initial high estimate by fetching a remarkable $1.3 million. The exclusive event featured a curated collection of 24 avant-garde timepieces, each described as “gender-free,” designed to transcend traditional boundaries of style and appeal to all individuals regardless of gender.

Dubbed “Rough Diamonds,” the auction showcased an array of innovative and overlooked vintage watches, poised to captivate discerning collectors and enthusiasts alike. The pinnacle of the sale was the illustrious 1962 Patek Philippe set, Reference 3290, envisioned by the visionary Gilbert Albert. This exceptional ensemble, comprising a bracelet watch, a ring, and a necklace crafted in luminous yellow gold, adorned with intricate enamel detailing and lustrous pearls, emerged as the centerpiece of the event. The set commanded a staggering $436,000, a staggering eight times its initial high estimate, reflecting the fervent enthusiasm and competitive bidding it elicited from attendees.

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Sotheby’s lauded the auction as a showcase of extraordinary timepieces, characterized by their avant-garde design and understated elegance. The selection, described as reminiscent of “rough diamonds,” symbolized a convergence of timeless sophistication and contemporary relevance, awaiting their moment to shine and be rediscovered by connoisseurs of horology. Notably, each watch was meticulously curated to exude a sense of gender neutrality, resonating with the evolving societal norms and preferences of 2024.

The resounding success of the underground auction underscores the enduring allure of vintage watches and the enduring appeal of timeless craftsmanship. As collectors and aficionados continue to seek out unique and culturally significant timepieces, events such as this serve as a testament to the enduring legacy of horological innovation and creativity.

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Catherine

Catherine

I am Catherine Haggui, a distinguished Luxury Goods Specialist with over a decade of experience. As Director of Luxury Retail Strategies at a leading firm, I've cultivated a reputation for curating exclusive collections, elevating brand positioning, and exceeding sales targets. Renowned for my discerning taste and global market insights, I blend artistry and commerce to redefine luxury experiences. My work involves strategic partnerships, trend forecasting, and ensuring clients receive unparalleled access to the epitome of opulence.

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