The Rarest & Most Expensive Watches On Earth - Patek, F.P. Journe, Audemars Piguet, & MORE

[Music] well well well everybody Mr Wonderful here in a very special magical place if you're talking watches with two great watch friends first of all Paul Boutros the legendary Auctioneer for very high-end watches the Phillips auction is legendary ever since the Paul Newman watch remember that what was that 17 million dollars 17.8 million in 2017. estimates for 3 million estimate was in excess of one million he thinks it's going for one million goes for 17. that established him as a rock star in the watch world and of course Teddy belzar a good friend who's exploring all kinds of new entry-level watches all the way to the Collectibles and so we thought we'd gather today just days ahead of the Phillips auctions December 2022 because there's some very very very very special watches in this tray they're going to blow your socks off we're going to start with one that I really care about okay and it's going to auction it's the second time I've done this this is for charity Brigham's Women's Hospital in Boston this is the legendary shark tank steel white face Daytona worn in season 13 of Shark Tank now it's with mixed emotions that I talk about this watch because I love this piece this is a rock star watch and it's the most favored by wardrobe designers for Shark Tank because it works so well with the suit I'm wearing and this red puff and the red band but Paul tell us about the legend of the Daytona ah so rolex's Daytona is absolutely a legend it's one of the most iconic one of the most desirable watches of all time introduced in 1963. this is the latest generation steel Daytona the reference 116500 Ln the ceramic Daytona as it's well known the design is inspired by the big red Daytona made in the 1970s and the 1980s modernized for today's tastes 40 millimeter case size in-house Rolex movement impossible to get at retail as many many people know and we're honored to have it donated by you with the proceeds benefiting the Women's Hospital we're we're thrilled to have it Kevin thank you how hard are these to get just if you wanted to get a Daytona forget about the Shark Tank Daytona yeah so part of the legend of the Daytona is it's uh just it's so hard to get when Rolex introduced the first self-winding Daytona in 1988 the waiting list turned out to be like seven years it was it went from the worst seller to the best seller because everyone was waiting for a self-winding Daytona I heard the story that Italian men that were living at home loved that watch so much that they scooped up the entire European Supply that was there's all these stories about Daytona's Teddy you know this watch as well absolutely and I would say if you look at the propelling force that's been Rolex over the last decade I think a big reason for that is partially the Daytona the Daytona was it became a cultural icon in many ways the Paul Newman sale was I would say the Pinnacle when we saw this that was it pushed everything forward in terms of what we've seen with the Rolex phenomenon that's happening right now with retail allocation and also just depreciation on the secondary Market that was an important moment in watch collecting Paul Newman's association with the Rolex Daytona really propelled its success not only the success of Rolex and the Daytona but the success of watch collecting in general that's true that's a very good point I'm very excited about this and of course I want to support the charity that it's sending proceeds too but it's just one of many incredible pieces so let's go down Teddy you've selected six other crazy pieces Paul agrees let's go down the Hit Parade here what's next on the charts do you want to start with something because we have some crazy things here that are maybe some of the most iconic watches of all time crazy off the charts in terms of their availability but you also have things and I think it's important to show this at certain other people that maybe don't have all the money to spend could still take part in these auctions so you want to start there and then we can Ascend up absolutely I'm very happy you picked out this one Teddy this is the Mad one by Max booster mbnf we look for watches for people across all walks of life looking for the greatest watches regardless of price point this one has a starting bit of one thousand dollars our published estimate is one thousand to two thousand dollars it's offered with no Reserve so even a one dollar bid could win it theoretically this is a very sought after model when Max booster introduced it he made about 100 for his closest friends and supporters you can get it for maybe a dollar you don't know you never know I promise you will not go it won't be a doll no reason Lots could sell for very low okay but what do they trade for in the secondary markets now the blue the first version was was only made for his closest friends and this is an even more exclusive version of the first version made specifically for his brand Partners this one on the secondary Market if it wasn't the particular provenance that this one has is probably 12 to 15 000 on the secondary market for the blues this one was actually donated for Time for Art which is a special charitable auction we're holding in conjunction with Swiss Institute it was donated by Eric Giroux who is the legendary designer behind most of mbnf's Creations this was his personal watch donating to raise funds so something for everybody in this auction and what's really cool about this is this is a miyota movement and they're already taking this very entry level this isn't a watch under 500 you can find that movement but how they're able to use the traditional rotation of the oscillating weight to make it a unique presentation to make it part of the cool feature and then you also have on the outside the indication of time on the outside of the case it's very cool to show the creativity yeah I mean it's extremely well made the that winding rotor like like a battle ax is made of titanium and tungsten heavily weighted tungsten's is a very heavy metal and it just Dances all day long spinning and it just is mesmerizing it's beautiful all right next on the Hit Parade moving up the feeding chain on price here obviously okay you know what let's jump to cover Lots okay so these are on the front cover of our catalog starting with the one at the top of our cover it's a crash it's a car chase crash it is the legendary Cartier London crash the original introduced in 1967. how many were made Paul we have recent knowledge that approximately one dozen were made introduced in 1967 the London crash was sold in the Karcher London Boutique from about 1967 until 1989 approximately and over all of those years only about a dozen were made this is the sixth to appear publicly it's Absolutely Fresh to the market it comes from the family of the original owner who was a woman who she bought it in 1970 from Cartier in London she was a world-class collector of many things she was also a philanthropist but her jewelry collection was a standout her jewelry collection now resides at the Museum of Fine Arts in Boston it's so into intriguing I I would almost wear that myself I know it's a woman's piece no it's a man's watch actually she was she was really ahead of her time it's like a surrealist Salvador Dali just type of approach and then you mentioned before he started shooting the price that she purchased that for at the time yes yes so they were they underpriced them these watches were completely handmade they're really unique only 12. let me guess it's going to go for half a million bucks so our estimate is 400 000 to 800 000 and um yeah thank you it's one way I should run this Austin yes you're right don't feed this ego please but obviously this is going to be a sought after piece it's extremely sought after for me it's one of the most magical watches of the 20th century there's nothing like it that's fantastic that's the importance of an auction house to actually authenticate the Providence of these watches yes so that we take a lot of care in vetting every watch that comes to us not only for originality quality condition whether it's stolen or not you know we have a staff of specialists around the world who work together with a board of advisors making certain that the watches we sell are and I feel the aura of these pieces let's go let's step it up a notch I see an FP Jordan in here yes let's talk about this piece now I'm a huge urine collector this is incredibly rare 19.99 I can tell this is a very very early piece and Paul there's something interesting with this has a spelling error yes so exactly this is a very early Jordan piece it's number 38 made in 1999 so theoretic it could be the 38th jorn ever made it's pink gold dial it could be the very first Jordan watch offered with a pink gold dial we're not sure of that but because it's so early and no earlier models are known it's it's a possibility only six examples were made with pink dial of this generation of tourbillon the case back has very shallow Engravings a characteristic of the earliest Jordans and as you mentioned it has a wonderful human error there's a letter missing in the engraving it's supposed to spell out inv for nvin it in Latin yeah it's missing the V it says investit FP screwed up on that one the same thing in the prototype for the resonance that is another issue it's complete with its original box and guarantee um going to go for crazy price I I think it's going to do well it's estimated at 300 000 to 600. I predict it'll be at the higher end of the range the the Jordan fever right now is unprecedented it really is it's exploded on the scene I'm considering it the fourth pillar of watch collecting now after AP Rolex Patek it's just as important yeah he's extremely well loved his designs really appeal to people around the world and uh his vision for for watchmaking and his dedication to time keeping precision and accuracy it's it's remarkable all right let's keep moving here there's some other extraordinary pieces Teddy your choice I want to talk about the George Daniels okay George Daniels if you don't know what this is this is this is probably the Pinnacle of watchmaking for many many many collectors and something unique about Phillips you've become sort of uh the Nexus for this brand in the secondary market right yeah so we are how did that happen we are long time Advocates of independent watchmakers um we've we've dedicated chapters in our auction catalogs uh for years because we believe in independent watchmaking they're pushing the state of the art of watchmaking design and also Aesthetics in the realm of independent watchmakers George Daniels is widely considered the Godfather of the current independent uh movement one of the greatest watchmakers of all time especially in the 20th century Smith owes a lot to him yes and Roger Smith was his mentee his one and only Protege basically and uh this watch is the George Daniels anniversary made in partnership with with Roger Smith so it was George Daniel's design and Roger Smith had some input and made them this has been likely someone who already owns some of his watches is going to go for this it's possible because people are collecting verticals of this if they can also to provide contact we're talking about under 50 watches he ever produced yeah so in in the handmade world of of George Daniels in his entire lifetime he made two wrist watches completely Handmade by himself and about 25 pocket watches so less than 30. in total by himself with the partnership with Roger Smith The Smith's an assistant on this piece yes yes so Smith helped create it and of the anniversary pieces there are about 47. there's 35 in yellow gold 12 in Platinum and the rest in white gold smith has also achieved that kind of legendary status he's no longer taking orders for watches he's closed his orders a book closed his order book yeah he can only make so many they're they're really handmade they're the Pinnacle of watchmaking in general and the the Apex of British watchmaking today okay I'd like to pull something out of this trade which I'd never seen before didn't believe it existed I thought it could have been a Frankenstein watch or somebody that somehow painted it with a spray can what is this AP doing in blue yes so this is the latest uh version of Audemars piguet's ceramic watches announced I believe in September 2022 this is the first one to appear publicly they're impossible to get everyone we've shown it to has said to us I've never seen one before and we've never seen one before and I thought I've seen everything so it's it's entirely made of blue ceramic finish to ap's very high standard five different finishing techniques for the case and the bracelet to do that with Ceramics is extremely difficult the way light plays off of all of these surfaces makes the watch very vibrant and Lively the blue color is a chameleon under different lighting conditions it looks dark blue under some it's bright blue it's a perpetual calendar 41 millimeters this is a special order piece there's only one like it with an Eiffel Tower on the case back the consignor is a one of a kind this is a one of a kind the rotor has an Eiffel Tower at the center skeletonized Eiffel Tower the proceeds of the sale all profit will be donated to a charity yeah I think this will be generating a lot of Buzz because nobody's seen it before and yet it's a legendary piece I mean this is so legendary I I'm going to be interested to see what happens there all right Teddy your turn there's one left on the table protect chronograph now you cannot go wrong with this piece give us the history of this I mean collectibility value long term yeah is this specifically signed to a retailer here in the U.S this is this is El Supremo stuff so yes so the let me see one of the most important ones for last so this is another cover lot featured on the front cover alongside the Cartier crash this is a Patek Philippe reference 24.99 perpetual calendar chronograph in the field of collectible patex like Rolex has the Daytona which is the most sought after model the most sought after collectible Patek is widely believed you know it is and it is the 24.99 produced since 1951 until about 1985 and only 349 examples across four different Series this is a third series example from 1973. it has dramatic long downturned curved lugs a very modern case size of about 38 millimeter diameter perfect for today's tastes really bold beautiful Dauphine hands all of the dial printing is raised hard enamel what you see is not ink it's actually engraved into the surface of the dial filled with hard enamel baked into a high temperature oven to be absolutely indelible just like a tattoo so it could survive hundreds of years even if you clean the dial that print won't go away this watch is well preserved the Dial's never been cleaned the case is extremely sharp and it's absolutely special because of its uniqueness it's the only one in the world signed house house was an American Retailer of Patek Philippe they had about 10 boutiques in the west coast of the United States there are other house signed Patek Philippe watches there's no other house signed reference 24.99 it is in a sense a one of a kind it's a one of a kind yeah what's the estimate on it once again four hundred thousand to eight hundred thousand dollars that's a wide range are you concerned about the market being a little softer in the secondary market for watches right now uh you know it depends on the type of watch we've we've seen a bit of softness in I guess hyped modern pieces that were made in large quantities call it what it is Richard Mills for example they've come off quite a bit it's you know certain certain brands that were uh there was a lot of speculation I think about future growth yeah um and even I mean just the sports genre I mean but you talked about if you look at the pillar of Patek Philippe I mean this is what I think of I think of perpetual calendar chronograph this is the design format that I think of when I think of the brand people say Nautilus think of Aqua not but I go back to the 20th century the Nautilus is Johnny come lately in the context of uh Patek Philippe I think 76 and then you have yeah I mean this this is this is uh Timeless in the sense that it will be in style forever exactly and so in the field of vintage the prices what we've seen there is slow and steady Healthy Growth they've actually beaten the s p for the last 11 years we haven't seen hype we haven't seen uh crazy price increases and so the field of inches is a little bit a different story I think there is an asset class for me when I talk to investors watches have come on the scene now and people are starting to appreciate portfolio of of pieces you enjoy you wear them storage it's a little costly because you have to Vault them somewhere but they're doing very well and they're beating the market the stock market what we say so we say watches are you know things that you can wear and enjoy 24 hours a day indoor and out and they have enduring value if they go up it's a wonderful thing if they don't at least at the end of the day you have something you love and you can wear and enjoy and how many things in our day-to-day lives can we actually take with us everywhere you know you think about you getting a car but how many how many hours are you in a car maybe you're even your shoes your bed there's nothing really that you spend more time with on a day-to-day basis and it says something about you and starts conversations that's what I love about it and these dials are so extraordinarily different it's wonderful anyways thank you very much Paul thank you very much Teddy thank you very much Kevin I can't wait to see what happens with my white face you know steel Daytona the classic Shark Tank season 13. just love this all right thank you everybody see you soon

Channel: Kevin O'Leary

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Id: WNVgimakkbc

Length: 18min 17sec (1097 seconds)

Published: Tue Aug 08 2023