Auctions can be funny things. Most of the time the coverage around watch auctions tends towards the record-breaking headlines – the most expensive this, that or the other. But sometimes, thanks to the fact that auctions tend to be a crystallisation of market forces, you can find a hidden gem. Which might just be what lot 179 at tomorrow’s (the 8th of August) Sotheby’s Australia Important Jewels and Watches sale will be. This lot is a Habring2 Tourbillon 3D in pink gold, sold by Habring’s Australian distributor in 2015 for $45,000. Sotheby’s Australia has placed an estimate of $2500 – $3500 on this lot. But before we talk about the estimate, let’s talk about the watch. Habring2 are a small Austrian-based brand, consisting of husband-and-wife team Richard and Maria Habring. And while there are many small boutique makers out there, the Habrings have some serious watchmaking weight behind them. In an earlier life, Richard Habring worked for IWC, during which time he was instrumental in the development of a revolutionary execution of the split-seconds chronograph (or doppelchronograph) that did away with the fiddly and expensive column wheel approach, heralding a new era of ‘accessible’ split-seconds. Habring’s ingenuity doesn’t stop there…
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