The Issue of Provenance: How Much Would You Pay for Lord Lucan’s Watch?

Lord Lucan, infamous for (probably) injuring his wife and killing his children’s babysitter by bludgeoning her to death, went underground 38 years ago. He was believed to have gone into hiding in South Africa after the event but nobody could find him. It’s been speculated billionaire Jimmy Goldsmith (no relation to me) helped Lucan flee. A watch may prove the Lord’s undoing. Antiques dealer Cedrick Lincoln acquired a watch on a black strap he believes belonged to Lucan from another dealer in Birmingham for  £5,000 in a deal that included a Rolex Prince.

The watch, according to the dealer, came from a township in South Africa. Inscribed on the back of the unbranded Swiss watch is: ‘Presented to Lord “Lucky’ Lucan” The Old Fossil’ by his friends at the Clermont Club Mayfair December 1967′. Lincoln did some research of his own and found pictures of Lucan wearing what could be this very watch. Bolstering the claim is a woman who used to work for Lucan’s friend John Aspinall. She said she accompanied his children on flights to South Africa so Lucan could watch them at a safe distance.

Lincoln has now decided to put the watch up for auction. So how can this rather insignificant watch become a prospective coveted piece? [Read more...]

Who’s the Spokesperson for the Rolex Sky-Dweller? I’m Gonna Tell You

You’ve the seen the teasers about the new Sky-Dweller from Rolex and now some live photos in Basel from my dear comrades in watch arms. There’s no doubt this innovative annual calendar with two time zones is a winner. In a smart-looking 42mm Day-Date case, the watch features the brand new self-winding and COSC certified calibre 9001 and is offered in your choice of white, yellow or rose gold.

The most fun part is the “Ring Command Bezel”, which clicks into one of three positions corresponding to the second time zone, calendar and local time functions. Once in place, the crown takes over the adjustments, turning both forwards and backwards in a very sleek and user-friendly set-up.

Still, no matter how hot you might be on your own, it doesn’t help to have a little help from your high-profile friends. He’s good looking all on his own, looks even more superb in a tux and tennis whites–and that’s tough to do. He’s a philanthropist, gentleman and one of the all time best athletes. He’s also on Rolex’s payroll, purportedly earning $15 million as part of a 10 year deal with Rolex that started in 2006. After the jump you’ll see the ad with the man who declares the Sky-Dweller, “Perfect for me.” [Read more...]

Sandy Bullock Sues ToyWatch for Damages: Is This Really Necessary?

Celebrities live in a rarefied world we common folk can only gaze upon, with wonder or disgust depends upon whom you ask. Still, you can’t deny the power of celebrity to grab our attention. Just turn on the TV, radio or power up the Internet and there they are, driving content with their exploits. Celebrities are so magnetic they have the ability to persuade us to buy, among other things, clothes, cereal, coffee, tennis shoes, and yes, watches. I discussed how they partner with brands to drive sales here and also showed you how a celebrity’s watch can bring insane money at auction here.

How important is a celebrity’s name in selling product? Well, both Sandra Bullock and ToyWatch think it’s very important. In their recent ad campaign ToyWatch shows Bullock wearing one of their watches in The Blind Side, a movie released three years ago. Bullock played an adoptive mother, who, with her husband, guide a disadvantaged youth to success and a career as a football star. In the film, Bullock wears a white ToyWatch embedded with crystals, a plastic and ceramic number that retails for about $270.

ToyWatch took the opportunity to capitalize on Bullock’s stardom and Academy Award turn to dub the model the Sandra Bullock watch. Sandra Bullock didn’t take too kindly to the association particularly because she wasn’t asked permission or compensated for her supposed endorsement. In response, Bullock has sued the Italian company for infringement of publicity rights and expressed concerns that ToyWatch’s use of her image and name will devalue her commercial value.

I totally get that Bullock wants to get paid if she’s helping to sell watches. ToyWatch is definitely trying to profit from the assumed alliance. I really like Bullock, I do. But her suit seems rather frivolous and greedy and I’m disappointed in her. Why not just send an order to ToyWatch to cease and desist rather than alleging her fabulous name may have been compromised so that it’s not so valuable when she does want to endorse something. Might Ms. Bullock be thinking too highly of herself? Or does she have good cause?

All this fuss over a plastic (and ceramic) watch. That’s the power of celebrity.

Story tip courtesy of the Daily Mail.

The Culprit

 

 

 

Horological Treasure Discovered: Christie’s Presents James Ward Packard’s Watches

As most watch aficionados know, James Ward Packard didn’t just build luxury cars. Having studied engineering in college, he was fascinated with all things mechanical, with an emphasis on cars and watches. He famously got in a friendly competition with Henry Graves Jr., pushing marquis companies Patek Philippe and Vacheron Constantin to create magnificent complicated pocket watches. Though Graves ultimately held the crown of winner with a watch from Patek Philippe, Packard also had one from the same company with a formidable and impressive 16 complications built in.

The watches up for auction at Christie’s on June 15th in New York come from the descendants of Packard and are in exquisite condition, seeming to have been tucked away carefully for over 60 years. The first two watches are from the American Watch Company and belonged to Warren Packard, James’s father.

The first example was a gift to father from sons, James and William. A boy’s picture inside the case can be assumed to be of either of James or William. Also there is an inscription on the cuvette saying “From the Boys”.  As a bonus there are wiring tables from the Packard Electric Co., James’s company. Estimate without reserve: $2-3K

View the lot here.

The second watch belonging to the estate of Packard is an 18K gold Hunter Case Key Wound Lever Pocket Watch sold under the name Appleton, Tracy and Co., No. 28746 circa 1858. As a side note, watches sold under the name of Appleton, Tracy & Co were produced from June of 1857 until January of 1859 when the firm was renamed the American Watch company, one of the many changes of corporate identify over the life of Waltham production. .

Offered without reserve: 2-3K

View the lot here.


These are rare treats and for a (more) reasonable sum you can catch a piece of horologic history from one of the great collectors of his time.

The big daddies of these examples are the Patek Philippe minute repeater with up and down indicator and the Vacheron Constantin clockwatch chronograph with trip repeat. They can be considered the summit of collecting and the fact that they are up on the auction block is a special occasion indeed.

One of 17 watches commissioned by Packard to his specifications by Patek Philippe, this minute repeater made in 1920 incorporates a power reserve indicator—a very rare combination—in a Murat-style case thought to be the only one of its kind. The watch is cased in 18K gold open face and comes with its original box and certificate. Estimate: $200-400K.

View the lot here.

This unique Vacheron Constantin was also made to Packard’s specs in 1918 comes with trip repeat, Grande and Petite Sonnnerie, Chronograph and Half-Quarter repeating. No other with these complications is known to exist. Usually such complicated watches would come with a moon phase and perpetual calendar. The existence of this watch proves that while Packard was a devotee to the firm Patek Philippe, he also respected the prowess of Vacheron Constantin and put them in the same category. In a 20K, gold case, this two-train Trip 7 ½ Minute Repeating Grande and Petite Sonnerie Chronograph Clockwatch delightfully comes with a custom-fitted wood box and handwritten operating instructions. Estimate: $250-500K.

View the lot here.

Jacob & Co’s new Brand Ambassador to China

According to the FH (Fédération de l’Horlogerie), the Swiss watch industry exported 16.2 billion Swiss francs in 2010, 2.9 billion (22.1%) more than in 2009. Wristwatches accounted for 15.1 billion francs, an increase of 22.7%, and 93% of the total value of exports.

This consisted of  26.1 million (an increase of 20.4%) watches, most of them in the price segment of less than 200 francs, but watches costing more than 3,000 francs recorded an increase of 24.2% by value and 29.8% by volume.

The most important market remains Hong Kong, at 3,185 million Swiss francs in 2010 (an growth of 46.9% on 2009 figures) but if we consider that one-third of Swiss watches are sold in China, then in the first six months of 2010, exports to the Greater China region grew by 49%.

The established importance of [Read more...]

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