after review, the watch did not appear to meet their $5,000 minimum auction value.
Cleveland,OH (PRWEB) June 5, 2006
Sometimes, bigger is not always better, as John Farkas and Connie Rose of Antiques and Estate Auctioneers, of Wellington, OH recently proved for the owner of an antique gold pocket watch.When Farkas and Rose were first contacted about a watch with a cloaked history, little did anyone know the magnitude of both it’s rarity and historical significance. The owner informed them that he had contacted two of the most prominent, and well-known, auction houses in New York regarding the watch, and that they had both declined the item. The owner told them that the auction houses had dismissed the watch, stating that “after review, the watch did not appear to meet their $5,000 minimum auction value.” They recommended that he contact a smaller, local auction house to consign the watch for sale locally.
Upon initial examination of the pocket watch, the value was not visibly apparent, but that was only the beginning of the journey of extensive and diligent research into the unique and very rare watch, which resulted in the final sale price of $621,691.08!The face of the watch in question was marked A. Lange & Sohne, which became the starting point of the research. Extensive research into the company’s archives revealed that the watch was a very rare and very important 18K gold watch. It is described by A. Lange & Sohne as a “Grand & Petite Sonnerie Clockwatch-Minute Repeating”.
Further research into the documentation of the watch proved that it had an amazing story, and was truly historically significant.Records showed that it was manufactured in 1905, and sold in 1925 to Otto Pohland, Chemnitz, for 4000 Marks and resold to Adolf Lunser, Berlin, on December 24th, 1934 for 2760 Marks, which made it a very expensive item at the time. The watch was extraordinary in it’s craftsmanship and quality, and was shown to be one of only four watches of it’s type made between 1883 and 1934.
It is amazing to consider for a moment, the fact that this watch was manufactured more than 101 years ago, and is in impeccable condition. Further research revealed that the crest engraved on the front of the case of this extraordinary watch belonged to Hermann Goering, a name well established in German history. An inspection of the inside of the case revealed an inscription, which when translated from German, reads, "In cordial friendship at Christmas 1934", and bears the engraved signature of Adolf Hitler. Research did reveal that Hitler had a history of giving fine watches as gifts to specially favored political and military leaders, and that those purchases were frequently handled through Adolf Lunser.
This particular A. Lange & Sohne watch was an extremely fine and very important, 18K gold watch, with exceptionally complicated works, and the highest quality of craftsmanship available. The watch was truly an amazing historically significant piece, and because of the European interest in the history of this piece, and the exceptional quality of the watch, it was determined that the piece deserved to be offered to the world market when presented for auction. Research had further shown that with the connection to both Adolf Hitler, and Hermann Goering, Europe would be the most profitable location for the auction.
Antiques and Estate Auctioneers then contacted a European expert in fine timepieces, and arranged to have the piece offered for sale in Geneva, Switzerland.After meeting with the experts and arranging for the sale, John Farkas and Connie Rose subsequently traveled to Geneva, for the auction. The auction of this incredibly rare watch attracted an audience of collectors and bidders from around the globe.The initial presale estimates for the watch were $365,000-$460,000, and the watch was sold to a European collector on May 14, 2006 for the staggering final price of $629,691.08 USD, including buyer’s premium.
Antiques and Estate Auctioneers now have a very happy client who had been told by the two major New York auction houses that the piece “did not appear to meet the $5,000 auction minimum”, and who now agrees that “bigger is not always better”. While it is true that finding an item as exciting and as valuable as that one is quite rare, Antiques and Estate Auctioneers encourage you to contact them if you would like to take advantage of their expertise in research and marketing to maximize the final sale price of your antiques and collectibles. They are located at 44777 St. Rt. 18 E. Wellington, OH 44090 which is their 10,000 sq. ft. building with newly built auction gallery featuring a state of the art 8' digital projection screen and custom gallery lighting.
Their gallery auctions are fully cataloged and offer the action of live auction bidding, as well as incorporating a world wide audience of online Internet bidders, with full on line catalogs, which are professionally handled by Proxibid.com. More information is always available by visiting their website at http://www.estateauctioneers.com
Antiques and Estate Auctioneers specialize in the sale of quality collections and estates. Their expert marketing techniques and research assures competitive prices resulting in today's market values. They are now accepting collections and consignments for the summer/fall auction schedule. They invite to enjoy their personal attention to detail, where you will never feel “lost in the shuffle.” Call John or Connie at 440-647-4007 for more information, and add your name to the growing list of extremely happy clients and customers.