Elvis Presley’s Watch Becomes the Most Expensive Omega Ever

A massive number for a dinky watch.

An Omega wristwatch once owned by Elvis Presley just sold for SFr1.81m, or US$1.81m, all fees included. That makes it the most expensive Omega watch ever sold at auction, surpassing the record set in November 2011 by a prototype Omega tourbillon wristwatch.

While the tourbillon prototype was technically interesting and charming on the wrist, Elvis’ Omega is somewhat ordinary. The estimate was just SFr50,000 to SFr100,000, which means the price was entirely due to its historical significance and celebrity provenance.

Elvis Presley Omega Tiffany watch 2

In a big surprise, the bidding was spirited and decisive, with a good half dozen bidders, both on the phone and in the room.

Amongst the bidders was Omega Museum curator Petros Protopapas, bidding on behalf of Omega. He placed the most important bids, most notably breaking the six figure mark with a million franc bid, and then winning the watch with a SFr1.5m bid.


 

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Phillips Sells 32 Rolex Daytona Watches for Over US$22m

A smash hit of an auction in Geneva.

Daytona Ultimatum was the most talked about sale of the season, approached with both anticipation and trepidation. But in the end it was a success, with the 32 watches in the catalogue all selling, achieving a total of SFr22.2m, or US$22.2m, fees included. That makes for an average of US$688,000 per Daytona, with a quarter of the sale proceeds coming from the white gold ref. 6265 “The Unicorn”.

Though the sale started slightly slowly, partially due to the packed and extremely warm sale room, it rapidly picked up steam. Most lots was the subject of bids from multiple bidders. Most performed well, and only a handful closed near the low estimate.

Five Daytonas crossed the SFr1m mark, including the top lot, which was no surprise. Donated by collector and author John Goldberger, the unique Daytona ref. 6265 in white gold sold for SFr5.94m. There were several bidders for the lot, with the underbidder being Lebanese gem merchant and familiar face at watch auctions, Claude Sfeir, who lost to an anonymous phone bidder. Coincidentally, all the other record-setting prices at Phillips in recent years were also thanks to phone bidders, though it might have been different people on each occasion.

Rolex Daytona 6265 white gold Unicorn 2

It becomes the second most expensive Rolex sold at auction, after the US$17.5m Paul Newman, with the net proceeds of US$5m (before fees) going to a Geneva children’s charity.

The next most expensive lot finished at SFr3.01m, albeit with a lot less action. It was the Daytona ref. 6240 “pre-Paul Newman”, with the bids coming from the auctioneer (as absentee or commission bids) and a single phone bidder, who then walked away with the watch.

Rolex Daytona 6240 pre-Paul Newman 2

That was followed by the Daytona ref. 6263 with Eastern Arabic numerals, which sold for SFr1.93m. It hammered only just above the low estimate, with only two bidders in play. The winner was Phillips consultant Zachary Lu, bidding on behalf of a client.

Rolex Daytona 6263 Arabic Indic numerals 3

Amongst the other notable results were the stellar prices for the trio of modern, Zenith El Primero-powered Daytonas. The steel Daytona ref. 16520 with a “porcelain” dial sold for SFr187,500, as did the Daytona ref. 16518 signed by Van Cleef & Arpels.

Rolex Daytona 16518 Van Cleef Arpels 2

The full list of results can be seen here.


 

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