TAG Heuer & Rolex Set Records at Geneva Auctions

The 18K-gold Heuer Carrera chronometer (the watch manufacturer didn’t change its name to TAG Heuer until 1985) with Calibre 12 Manufacture movement was a gift for Swedish Formula One driver Ronnie Peterson from Jack Heuer; the latter even engraved the case back with the words “Success Ronnie Peterson from Jack W. Heuer.” The watch is completed with a gold ingot to commemorate the award Peterson won at the 1972 German Grand Prix at Nürburgring race track.

Meanwhile, at the Start-Stop-Reset auction, held by relatively new auction house Phillips on the next day, the Rolex Antimagnetique Reference 4113 wristwatch went for CHF 2.4 million (almost US$ 2.5 million). The Start-Stop-Reset is an auction for watches with steel chronographs only; meaning, the case of the above-mentioned Rolex is steel, and not metal, which is considered more precious, so the fact that it was sold at such a high price should baffle most people.

 

Rolex Ref 4113 Phillips Geneva Watch Auction steel chronograph
Rolex Antimagnetique Reference 4113

 

Then again, research shows that the watch is one of only 12 pieces ever made; it is believed that Rolex used to present them to drivers or owners of racing teams it was sponsoring. The 44MM manually wound split-seconds chronograph comes with a silvered matte dial, rose-gold raised Arabic numerals and baton hour markers.

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