The tide seems to be shifting in the auction world towards scarcity and craftsmanship, rather than scratched-up provenance and movie-star affiliations. We could see results of this theory already in our story on the latest Antiquorum auction here. In Monaco, the auction darlings of the last five years, steel sports Rolex, did OK, whereas the rarity value of a few references from F.P Journe smashed through the proverbial glass roof of the reserves. Are Philippe Dufour and F.P Journe the new auction stars and have steel sports watches peaked? In this article on industry insider Watchpro, Simon de Burton argues that is an indication that the previous auction scene duopoly of Patek and Rolex is in fact slowly crumbling. Is that a fact, or is it a mere shift in the market towards rare luxury that sets buyers apart from the usual Rolex collector out there? The bigger question should perhaps be whether the bidders are following their personal taste or market trends. A handcrafted case in point was the 2004 F.P Journe Octa Calendrier – that we covered in this story on Antiquorum’s Important Modern & Vintage Timepieces in Monaco – which more than doubled its already high estimate, going under…
The post Recommended Reading: Dufour and Journe are basically the Patek and Rolex of the Indies, and they are on a tear appeared first on Time and Tide Watches.