George Daniels watch sells for $4 million

A timepiece by legendary mechanical watchmaker George Daniels fetched greater than $4 million underneath the hammer-the second-highest worth ever achieved by an impartial watchmaker, auctioneers Phillips mentioned Monday. The watch was estimated at a million Swiss francs however finally offered to a bidder within the room on the Geneva Watch Public sale for 4,083,500 Swiss francs ($4.125 million). “This marks the very best worth ever achieved for a wristwatch by a British maker but in addition the second-highest worth achieved by an impartial watchmaker-a true milestone out there,” Phillips mentioned.

The double-dialled Spring Case Tourbillon in yellow gold, accomplished in 1992, was a novel watch, and one in all two that Daniels made for his personal use. Daniels, who died in 2011 aged 85, is taken into account among the many greats within the discipline of luxurious mechanical watches. He accomplished 27 distinctive watches throughout his profession, outdoors of prototypes. Daniels invented coaxial escapement, which is now utilized by Omega and was “the primary sensible new mechanical watch escapement to be launched in 250 years”, in accordance Omega’s father or mother firm The Swatch Group.

The escapement is the “coronary heart” of a mechanical watch, with Daniels’ invention lowering the friction, leading to better stability of the watch’s precision. The Phillips sale over the weekend noticed 226 watches fetch a complete of 44.9 million Swiss francs.

The public sale “celebrated not solely the head of impartial watchmaking… but in addition attested of the unbelievable urge for food of the watch group for uncommon, top quality collectible classic and up to date items that replicate horological historical past,” mentioned head of sale Alexandre Ghotbi. Final 12 months, a Philippe Dufour watch was offered for 4.75 million francs, setting the report for a watch made by an impartial watchmaker. – AFP

 

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