Welcome back to another episode of Market Wrap. This week highlights auction results in Hong Kong and Mike Manjos analyzes value in today's market. To start things off, he discusses recently acquired pieces such as the yellow dial Rolex Oyster Perpetual 41, the stunning A. Lange & Sohne Saxonia Annual Calendar, and a piece by one of Mike's favorite independents: the Gronefeld 1941 Principia.
The main topic revolves around last weekend’s Phillips Hong Kong watch auction. Some impressive highlights included an Alain Silberstein Tourbillon that brought in $106,000 and an F.P. Journe Vagabondage II that generated $235,000. The real prize, however, was the Patek Philippe 5208R Minute Repeater that sold for $1.2 million! Manjos breaks down what the results mean for various companies, touching upon De Bethune's rising interest and brand recognition as well as new highs for A. Lange & Sohne.
He wraps things up our latest segment - Manjos' Value Plays - assessing watches that have nowhere to go in value but up. These include the Vacheron Constantin Overseas, a Rolex Day-Date 18206 in platinum, and a Jaeger-LeCoultre Master Perpetual in stainless steel.
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Rolex Oyster Perpetual 41 - 4471462
A. Lange & Sohne Saxonia Annual Calendar - 4470803
Gronefeld 1941 Principia - 4470407
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