Brand Watches

The Antiquorum Fall 2008 auction “Important Collectors Wristwatches, Pocket Watches & Clocks” took place yesterday, marked by feverish Internet bidding and a remarkable sale total of $9,892,812.  After the dust had settled, a number of records had been set, most notable among these being from the sale of a gold Longines wristwatch once owned by celebrated physicist Albert Einstein.

The antique Longines watch, dating from 1931 and engraved with Einstein’s name sold for $596,000, a figure which exceeded its pre-sale estimate by a staggering 2,000 percent.  The sale represents a landmark for both Longines and watch auction history in general; it is both the highest price ever realized for a Longines watch, and the highest figure obtained for a simple time-only wristwatch.

Regarding the Einstein Longines watch sale, Julian Schaerer, Antiquorum USA’s Watch Expert & Auctioneer said, “We’re delighted to see such an excellent outcome for our first auction of the season. In particular, we’re excited by the exceptional result achieved by the Longines wristwatch that belonged to the Time Magazine Man of the Century-the world’s most noteworthy physicist, Nobel Prize winning scientist, Albert Einstein.”

“The results from today’s auction are confirmation that despite the current erratic economic climate, important timepieces continue to be extremely sought after, highly collectible, and sound tangible investments that have consistently proven to appreciate exponentially over time,” stated Robert Maron, the newly appointed chairman of Antiquorum.

Click here to read to full press release.