The owner of a rare Rolex watch was delighted to see it sell for twice estimate in the first specialist watches auction of 2018 on Tuesday 16 January. Lot number 750 - the first lot in the auction - an Oyster Perpetual Date Explorer II, had been estimated to make between £3000-5000, eventually selling to a London based collector for over £9000.
The vendor, from Glasgow, visited McTear's to satisfy their curiosity over the watch’s value – their subsequent decision to consign it to auction turned out to be a profitable one, with bidding online from the USA, competition on the phone and in the room.
Estimates continued to be attained or exceeded throughout the auction, lot 772 a Piaget 18ct gold example sold to an internet bidder for £2400, a gent’s Ebel 18ct gold watch (807) made £3500, lot 809 a Victorian gold pocket watch sold for just over £1500 and lady’s Cartier Santos wristwatch (777) the same price.
The market for second hand watches, particularly those made by high end Swiss brands, has expanded significantly in the past eighteen months with collectors, dealers and investors flocking to McTear's dedicated auctions to compete for coveted lots.
McTear’s is Scotland’s only auction house to conduct auctions dedicated to luxury, rare and antique watches. This six-weekly auction is run concurrently live online on a platform that attracts six million visitors annually from over 120 countries worldwide
Please note that all prices shown include Buyer’s Premium.