Patek Philippe Caliber 89 Complex Pocket Watch Failed To Sell At Geneva Watch Auction

Watches, whether they are designed on the wrist or in their pockets, are incredibly complex and irresistible and therefore very expensive. People often think that among the best products, the best ones are those that sell at a price far higher than the suggested retail price in a store, sell online in a few hours, or shoot a high price at an auction price. . However, the desire, therefore, the perceived value is: the concept that they can change quickly – just like last year confirmed that one of the Patek Philippe 89-caliber large complication pocket watches quietly failed to sell a few days ago on Sotheby’s May 14, 2017 Year, an “important watch” auction in Geneva.

Under normal circumstances, this will not be anything unusual. After all, not all watches can find buyers at auctions, but then again, Patek Philippe 89 (Patémerie 89) is not an ordinary watch, but a watch that previously had countless records. Let’s get familiar with it again, and then discuss why it may not have some details of changing hands.

The Patek Philippe caliber 89 pocket watch made its debut in 1989 to celebrate the company’s 150th anniversary. Patek Philippe Replica Watches has produced only 4 caliber 89 watches, one precious metal per watch; gold, platinum, rose gold, and platinum. In the concept of this watch, it is the world’s most complicated watch. In 2015, Vacheron Constantin introduced this watch 57260.

The huge, 88.2-meter-wide gold case of Patek Philippe Replica 89 weighed more than 2 pounds and weighed about 1.1 kilograms, encasing a total of 1728 components, which provided the impetus for 33 complications. They are distributed on two dials and on the side of the box with many push rods and sliders. In addition to “common complications” like a perpetual calendar, the moon phase shows that Grande and Petite Sonnerie of the Tbilisi rotating bodies, and chronographs, caliber 89 also have more unusual complications such as star maps, seconds of the sun’s hands , Easter date (one of the world’s first patents Patek Philippe Dec. 13, 1985) and even a thermometer. It is, of course, still a marvel of fine mechanics.

There is no doubt that this is an incredible watch, destined to always belong to one of the best watches in history – we have established so much. So, what could be going wrong in auctions where other records, including records of Rolex watches, were greatly exceeded, preventing it from successfully auctioning?

Each of the precious metals produced by Cheap Patek Philippe Replica Watches has a calibre of 89. Obviously, this one is gold, and the other three are white, pink and platinum. This makes it easier to track artwork – even though the auction house always provides a single serial number. When you see the watch with the yellow caliber 89, it is always the same as the watch you see – unless the other watch is discovered miraculously, just like some “very rare” Patek Philippe watches of the past. .

Because of this, Christie shot the watch with a high price of 5.12 million Swiss francs in 2009. Eight years ago, Sotheby’s appraisal of the gold color of Patek Philippe 89 (the Patek Philippe 89) was between 6.5 million and 10 million Swiss francs, which may not be excessive for many people. However, when the time came, the calibre 89 failed to sell, although many other records were set on the same day. The overall buying interest at that time was there, but when the bid was opened for 5.9 million Swiss francs, the market responded flatly. The auctioneer pushed the price up to 50,000 Swiss francs, but the final price reached 6.45 million Swiss francs, slightly lower than the low-end valuation of Sotheby’s 6.5 million Swiss francs.

Interestingly, at the Christie’s auction a year ago, this product was also auctioned, but buyers apparently did not find a quoted price of 11 million US dollars – but it is reported that they are willing to listen to the offer.

In considering the reasons behind this failed sales, some of the factors that need to be considered are as follows. First of all, this part is no longer a record holder. For a long time, the “most complicated” time has come to an end. Second, although it is much more complex than the “super-complex” produced by Best Patek Philippe Replica Watches 60 years ago, the existence of four (without) also takes away some of its relative desirability – the super-complex was and was One-time, non-repeatable effort.

The third (and most importantly, this), although this 89-caliber picture is amazing, there is no doubt that it has been “shopped.” “As we mentioned above, the power of perception is unbelievable when a caliber makes it on the market many times this decade – yes, ten years is a relatively modest time frame in rare cases where it loses Much desire, especially if it fails to overcome its previous records, let alone not to sell.

At this point, investors must trust the investment of these tools. Like real currencies, they also suffer from severe inflation when their availability in the market increases. And the estimated 6.5 to 10 million Swiss francs sounds good, and to some extent the pattern of most “blue chip” works continues to break the record, because this caliber 89 is shopping too much and investors know who will eventually be unable to put it in For a short time in the market if he or she wants.

After its 15-year interruption, Patek Philippe Supercomplication resurfaced under the spotlight (read the incredible story because it just showed the other side of the auction when some allowed whatever they wanted and could not eventually pay for more than a decade ), And in 1999 “sale” was 11,002,500 U.S. dollars. Then, when it reappeared in 2014, its price exceeded US$23,984,106. Now, ask yourself, if this watch is now re-appearing at the auction site, then what will it do to its value? How will this affect its value? Want to know more about this charming but extreme For the idea of ​​an unstable universe, check out Ariel’s 2014 feature article titled 10 things about watch auctions.

So what’s the use of this watch and Fake Patek Philippe Watches caliber 89 pocket watch? From the outside, this watch does not bode well for the watch and the seller. Failure to publicly sell this watch for two consecutive years will undoubtedly affect the appeal of this watch and provide opportunistic buyers with a new opportunity to bid for a watchmaking history. However, as we often hear, time will cure everything and it is very likely that the 89 caliber will set a new record again – just don’t hold your breath.

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