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George Daniels Watch Sells For $4M In Auction Market

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The second-highest sum ever paid by an independent watchmaker was obtained by a wristwatch made by renowned mechanical watchmaker George Daniels, according to auctioneers Phillips.

The watch eventually sold for 4,083,500 Swiss francs ($4.125 million) to a bidder present in the room at the Geneva Watch Auction, despite an initial estimate of one million Swiss francs.

A true market milestone, according to Phillips, “this is the highest price ever reached for a wristwatch by a British producer but also the second-highest price achieved by an independent watchmaker.”

The 1992 completion of the double-dialed Spring Case Tourbillon in yellow gold makes it a one-of-a-kind timepiece and one of two that Daniels created for his own usage.

George Daniels Watch Sells For $4M In Auction Market

George Daniels, who passed away in 2011 at the age of 85, is regarded as one of the pioneers of high-end mechanical timepieces.

Over the course of his career, he produced 27 distinct timepieces, excluding prototypes.

According to Omega’s parent firm, The Swatch Group, Daniels created the coaxial escapement, which is presently used by Omega and was “the first useful new mechanical watch escapement to be launched in 250 years.”

The “heart” of a mechanical watch is the escapement, and George Daniels‘ invention decreased friction, improving stability and precision.

226 watches sold for a total of 44.9 million Swiss francs at the weekend Phillips auction.

According to the head of sale Alexandre Ghotbi, the auction “celebrated not only the height of independent watchmaking… but also attested of the tremendous hunger of the watch community for rare, high quality valuable vintage and contemporary pieces that reflect horological history.”

The highest price ever paid for a watch created by an independent watchmaker was 4.75 million Swiss Francs for a Philippe Dufour timepiece last year.

AFP

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