Consignments are now underway – Important Timpieces
We have spoken to Bukowskis' specialist Carl Palmegren about the market for exclusive watches and hear about previous highlights from Bukowskis biannual quality watch auction Important Timepieces.
How does the watch market look at this moment?
– The market for watches was solid during 2020. Twice a year, the watch auction Important Timepieces take place. 2020 was a record year for us as we exceeded the previous year's sales in the form of hammered prices at auction, which is great fun. We have never had so few unsold items at our watch auctions, and the average prices are higher than ever before. The autumn auction was also Important Timepiece's first "white glove sale", i.e. all items were sold during the auction, a strong market sign.
What trends do we see right now?
– The clear trend in the vintage market is that collectors are looking for good condition items rather than a specific reference. An example from our auctions is when we sold a first-generation Omega Speedmaster 2915 in exceptional condition for just over two million SEK. Condition is critical!
About condition – what does it mean when talking watches?
– From a more general perspective, it is mainly the condition and provenance that determines how sought after a specific watch is. Especially in the vintage market, we see how collectors often look for good condition items rather than a particular reference. By the watch's provenance, we mean that the watch has a fully documented history or comes from the original owner and has retained accessories such as certificates and service receipts. Spectacular provenance can significantly impact the price. For example, Christer Fuglesang's Omega Speedmaster, was sold for almost one million SEK during our latest watch auction this autumn. At the same time, a corresponding model without provenance is normally sold for around 20,000 SEK.
How do you proceed if you want to sell a watch?
– It's easy to sell at auction, and right now, it's high time for consignment to this spring's most prominent auction for vintage watches, Important Timepieces. In a sale with us, your watch gets visibility both in Sweden and internationally as we reach customers around the world through our digital platform. For buyers, it is essential to "buy the seller",, i.e. that you as a buyer can trust the seller, of which we attach great importance to detailed cataloguing and research before a sale.
Viewing 15 – 19 April, Berzelii Park, Stockholm.
Auction 20 April, Arsenalsgatan 2, Stockholm.