Destined to Break Records – The 1961 Aston Martin DB4GT Zagato Coupe

‘The most valuable British car ever offered at auction in Europe’

This Aston Martin DB4GT Zagato has exceptionally grand expectations on its shoulders after being described as the ‘most valuable British car ever offered at auction in Europe’.

Aston Martin DB4GT Zagato

One of the key factors leading to the “2Vev’s” extraordinarily high estimated price is the unrivalled rarity and provenance that the car offers. It is offered in pristine condition and boasts single family ownership for the last 47 years, since its inception; a feat that very few classic cars can claim.

The car is a lightweight version of only 19 models built in the Zagato’s inception year.

Extreme Racing Provenance

However aesthetically striking and beautiful the Aston Martin DB4GT Zagato might appear, it certainly wasn’t made for show. This car has serious racing provenance, as indicated by its traditional racing green finish. It was raced internationally throughout 1961-62 against some of the current most expensive Ferrari’s on the planet.

Aston Martin DB4GT Zagato

The Zagato was also driven by two-time Formula 1 World Champion and American Indianapolis 500 Miles winner Jim Clark.

Clark was the driver who was involved in one of the most astonishing and celebrated images in racing history – a collision with a Ferrari 250 GTO and another 250 GTO SWB at the RAC Tourist Trophy Race at Goodwood in 1962. The crash featured three of the most valuable and prestigious cars of the 1960s and indeed the classic car market of modern day.

The Zagato remains ready for track action to this day, after a full Aston Martin restoration in the 1990’s.

The Goodwood Festival of Speed Sale

After a career of successful and historic racing in its home country, it seems fitting that the Aston Martin DB4GT Zagato will go under the auction block at Bonhams’ Goodwood Festival of Speed Sale on 13th July.

When the sale was announced back in February, James Knight announced that “2VEV is, by some distance, the most valuable British motor car ever to be offered at a European auction. It’s a landmark sale.”

Although no official estimate has been given, from these sentiments it can be assumed that the current record for the most expensive British car to sell at auction (£16.9 million) will be shattered when the hammer drops in July.

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Rolex Unicorn – The £4.5 Million Watch

The Power of Rolex

The highly prominent Rolex Unicorn, where to start?

Rolex is undeniably the most recognized and prestigious watch brand on the planet. The Swiss timekeeper is estimated to be valued at over $5.9 million (£4,442,000), making Rolex the 5th most valuable luxury brand in the world.

Rolex Unicorn

With all this considered; when a rare, alluring Rolex with unrivalled provenance comes along, it is sure to fetch a vast price at auction. However, it must meet specific criteria for rarity and desirability before it falls into these kind of price territories, as shown by Paul Newman’s Daytona, which sold for $17.8 million (£13,400,000) back in October 2017.

The Birth of the Rolex ‘Unicorn’

During the 1960s, Rolex only produced Daytona’s in stainless steel or yellow gold, however this one-off time piece was to be the exception. Rolex were asked by a vastly influential client to manufacture a one off white gold Daytona, of which the original price has never been revealed.

This Daytona Ref 6265 was christened the Rolex Unicorn, based on its white gold design. Horological experts estimate the production year of the watch would have been in 1970, before it was delivered to a German retailer for resale in 1971.

The dial remains in mint condition, with very little of the signs of ageing. Since its inception, the Rolex Unicorn has remained an elusive, desirable mystery among the watch collecting community.

Rolex Unicorn

$3 Million Price Estimate Shattered

Phillips initially placed a $3 million (£2,258,475) price tag as the higher estimate for bidders. The Rolex Unicorn headlined Phillips’ ‘Daytona Ultimatum’ sale on May 12th and eventually went under the hammer for a staggering $5.9 million (£4,442,000), $2.9 million (£2,183,000) over the asking price.

The proceeds of the watch went to a chosen children’s charity, which will have paid a contributing factor in the enormously inflated price.

The price is also a nod to the seemingly infinite demand for one-of-a-kind, historically rare timepieces in the current watch market.

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Fine Art Asset Management – Tips for Clients

Jessica Davidson, founder of Davidson Art Advisory LLC, shares asset management tips for collectors to consider when buying fine art, while you own your artwork and in planning for the future.

WHEN YOU BUY

Fine Art Asset Management

Sotheby’s Postwar and Contemporary Evening Sale (May 2017). Courtesy: Sotheby’s.

Regardless of where you buy an artwork – at a gallery, through an advisor, at auction, during an art fair, from an artist’s studio, or online – you will want to ensure you have proper documentation at the time of purchase for fine art asset management. This typically includes 1) an invoice with all the artwork details and transactional information, 2) proof of payment, 3) a Certificate of Authenticity with photographs of the work and provenance information, if applicable, and 4) shipping documentation (i.e. the bill of lading). For especially valuable works, consider retaining a third party to inspect the works and prepare the appropriate condition reports.

As a part of fine art asset management, it is important to understand the best way to display and care for your artworks, including framing and installation recommendations, to keep them looking their best and to ensure their longevity. As a general rule, artworks should be displayed and/or stored in climate-controlled areas where fluctuations in relative humidity and temperature are kept to a minimum. Artworks should also not be hung in direct sunlight – particularly works on paper, which are especially vulnerable to light damage. It is advisable to frame photographs and works on paper under Museum Glass, which virtually eliminates reflections and blocks up to 99% of UV rays with its conservation grade coating.

WHILE YOU OWN

Fine Art Asset Management

Eleanora Kupencow, Acrobats (2003), Private Collection. Courtesy: Davidson Art Advisory LLC

All art purchases should be tracked in either an inventory management system or, at a minimum, in a spreadsheet backed up to the cloud and/or an external hard drive. The recommended tracking method for fine art asset management will depend on the size and value of your art collection. For large collections consisting of over 50 works, you will likely want to a database such as galleryManager, ArtBase or ArtBinder.

As artwork values may fluctuate over time, it is advisable to periodically appraise one’s existing art assets to ensure adequate insurance coverage. If you have a regular homeowner’s or renter’s insurance policy, you may be covered up to your policy limit per item minus a deductible. For valuable art, you will likely need a separate add-on floater to specifically cover it, which most insurance companies offer as a supplemental policy. For particularly high-value collections, you should consider investing in a policy underwritten by separate fine art insurance company, such as Chubb, AXA or Hiscox. The brokers at these companies are specialists who understand fine art and how to protect it.

While in possession of your art assets, you may also want to consider leveraging them to unlock capital. As the global art market has expanded, so has the financial sector that lends against it. Today, many collectors around the world opt to leverage their art to gain liquidity for other investments and to buy more art. Traditional banks and specialized non-bank financial institutions, such as Borro, will lend money against a portfolio of high-quality art, upending the historical norm of art being a highly illiquid asset.

PLANNING FOR THE FUTURE

Fine Art Asset Management

Lila Acheson Wallace Wing at the Met. Courtesy: Metropolitan Museum of Art

Determining how to monetize and estate plan for art assets requires expertise in a variety of disciplines, including art, finance and banking. Professional art advisors, working in conjunction with tax, legal and financial advisors, can assist with how to incorporate a collector’s art assets into broader estate plans to achieve personal planning and philanthropic objectives, along with the transfer of the collection’s assets through both sales and gifts.

In terms of legacy planning, you can approach this proactively by candidly assessing your goals and attitudes toward your art collection, asking yourself questions such as: Should all or a portion of my collection remain intact? Do I want to donate/bequest any works to specific cultural institutions and/or heirs? You should also be aware of the tax implications of “art collecting” vs. “art investing”.

In the United States, if you retain artwork for over 1 year and sell it at a profit, as an “art collector” you are required to pay long-term capital gains tax on any increase in value. If, however, the work was purchased for “investment purposes”, it may be possible to defer paying capital gains on the sale if you reinvest the proceeds in similar, like-kind property, per Section 1031 of the Internal Revenue Code. The motivation behind owning art for investors is to earn a profit, rather than for personal enjoyment. As an investor, you should present yourself as such to galleries and auction houses, have regular professional appraisals, take steps to increase the value of your collection (i.e. lending works to museums), keep detailed records of your transactions and seek advice from qualified art and tax experts.

About the Author

Jessica Davidson is the founder of Davidson Art Advisory LLC, a NYC-based boutique fine art consulting firm that provides advisory services to collectors and institutional clientele. Focusing on post-war and contemporary art, founder Jessica Davidson assists both connoisseurs and novices build special, highly personal collections by helping them cultivate their tastes, explore the art market strategically, acquire works they love, and effectively manage their collection.

Jessica@davidsonartadvisory.com | 917.547.8062 | www.davidsonartadvisory.com

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Fashion and Function in Luxury Watches

How you interpret something is down not just to angles, materials, or colour, but how those things combine in the context of your own life to result in a deeply personal reaction to an object that can not really be predicted. The manufacturer may start the process, but in the end, the fashion and function in luxury watches is entirely decided by you, the wearer.

A Proven Way to Determine Fashion and Function in Luxury Watches

The intangible niches of design cannot be expressed in words. It takes a good deal of touch and experience to strike the balance between a trend and a classic. Fortunately for watchmakers the world over, there exists a school of thought that makes realising this tricky harmony a little easier.

 

function in luxury watches

 

The Deutscher Werkbund was a group of artists, designers, and even scientists, who believed that the design of an object’s form should always follow its function. These days the philosophies of the Werkbund are better known by the name of the Bauhaus School, founded by the group in 1919 in an attempt to refine their principles even further.

‘Bauhaus’ design simply looks right, it doesn’t include anything wild, it just focuses on the function in luxury watches. Because all objects have their form dictated by their utility, there is an organic symmetry to everything, even though the items themselves can appear blockish and industrial.

While many watches could be said to be following these principles by virtue of having a function at all, true restraint is rare, and perhaps has something to do with the enduring popularity of the Patek Philippe Calatrava. The pictured model retails for $21,500  and is an excellent example of form following function in a pure and minimalist fashion.

Can a Watch’s Design Appease All Eras?

When it comes to fashion, the idea of timelessness is sometimes hard to pin down: Due to the industry’s transient nature, an aesthetic relevant in multiple if not all eras should be impossible, but I don’t believe that to be the case.

 

function in luxury watches

 

The root of this belief comes from an appreciation of tried and tested forms seen in watchmaking. The pieces that have endured over the years are adhering to a utility-led design principle, even if that’s not immediately obvious. Take a look at the Jaeger LeCoultre Reverso, for example. Hailed as an Art Deco masterpiece, one would not immediately link it to Bauhaus philosophies, but it absolutely does. For around $25,000 the price of owning the pictured icon (the Reverso Tribute Duoface) in the worlds of watchmaking and fashion is not as high as you might think.

 

function in luxury watches

 

Creativity with the absence of garishness can be devilishly difficult to get right, but IWC have succeed with their Da Vinci model, made more comfortable thanks to its articulated lugs – another example of form following function in an unexpected and atypical way. The pictured model retails for $6,400

So when it comes to longevity in fashion, it is core design principles that dictate success, rather than a simple stylistic shortcut.

When you remove the superfluous, you are left with the bare bones of operation. With no embellishments to hide the execution of the craft, there is nowhere to hide. These stark, honest, consciously assembled designs are the ones that can sidestep trends, and avoid obsolescence through their inherent excellence

About the Author

Fell Jensen is a Swiss-trained watchmaker working as an industry analyst.

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Picasso 1932: ‘Love, Fame, Tragedy’

Picasso 1932 Exhibition

‘The Most Influential Artist of the 20th Century’

Thousands of enthusiasts and Picasso fans began to make plans for London’s biggest art exhibition of the year when it was first announced back in January that ‘Love, Fame, Tragedy’ would open its doors as the first ever solo Pablo Picasso Exhibition at the Tate. Arguably the most influential artist of the 20th century was to collaborate with the most iconic gallery in the United Kingdom, the Tate London for the Picasso 1932 exhibition.

This exhibition provided genuine insight into Picasso’s personal life. After delving further into the exhibition it became apparent that 1932 would be one of the most important periods in his captivating life. The first section of the exhibition explores Picasso’s rise from a poor Spanish migrant to an international superstar.

Picasso 1932 Exhibition

Picasso’s Motivation for his Relentless Work Ethic during 1932

Although Picasso had received renowned praise for his work, critics were beginning to question whether he was an artist of the past rather than an artist for the future. This left Picasso feeling ‘increasingly restless’ and ‘critically side-lined’.

These factors led to Picasso’s first sculpture experimentation and his first major retrospective. These reflected the times of economic depression and mass unemployment in his native Spain.

1932 saw Picasso’s attempt to flirt with surrealism. He was trying to compete with his close rival Henri Matisse, who had already become a master in this area.

Picasso 1932 Exhibition

One striking impression of the exhibition was the sheer number of works that Picasso had managed to produce in 1932.

The Picasso 1932 exhibition featured over 100 paintings, sculptures and drawings, in what appeared to be an endless display of fine artworks. The exhibition started with the accustomed ‘cubism’ theme featuring bright, prime colours; a synonymous feature of many of Picasso’s great works.

Marie-Therese Walter – Picasso’s Muse

Picasso’s muse and 22-year-old mistress, Marie-Therese Walter, was an exceptionally influential part of Picasso’s life in 1932. She became the feature of three acutely rare and extraordinary paintings. The paintings were situated together for the first time since their five-day creation period in March of that year.

Picasso 1932 Exhibition

‘La Reve’

Perhaps the most notorious and iconic of these paintings was ‘La Reve’ – the erotically centred, distorted depiction of Walter sleeping. The painting is part of world renowned hedge fund manager Steven A. Cohen’s private collection after he famously purchased it for $155 million from Casino tycoon, Steve Wynn in 2013.

The exhibition gave exposure to moments of Picasso’s incredibly close relationship with Walter. Alongside with fascinating insights from his personal life. The letter (pictured below) shows Picasso’s drawing of a heart and an arrow around the years marking the relationship of he and Marie-Therese Walter.

Picasso 1932 Exhibition

Picasso Ventures into Unexplored Territory

As the exhibition furthered, it became apparent that Picasso was beginning to explore areas that he previously hadn’t probed. The accompanying writing of the exhibition tells the story of Picasso purchasing an 18th century mansion in Normandy. Once there he experimented with sculpture, of which there are various weird and wonderful examples.

The Tate also provided a section dedicated to Picasso’s black and white pencil sketches and drawings. This isn’t an area one would normally associate Picasso’s works with, further reinforcing the diverse forms art forms he was trying in this period.

The Picasso 1932 exhibition brought attention to a period in which he became fascinated by sea creatures, fuelled by filmmaker Jean Painlevé, who Picasso was an avid fan of. He began to centre his artworks around Octopus’ and other aquatic beings, often humanising them and involving them with subjects of his paintings.

 Picasso 1932 Exhibition

An Emotional End

The work featured at the end of the exhibition left the Tate-goers with an emotive and thought provoking send off. ‘The Rescue’ showed Picasso in a vulnerable state, as he presented the agony of the mother and child, painted in early 1933, when Spain became engulfed in civil war. A potential warning of the future to come?

Picasso 1932 Exhibition

The Rescue

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London's Summer of Art 2018 - Old Master


Bonhams’ Old Master paintings sale on July 4 will include this 67 x 97cm harvest scene, dated 1785 by celebrated equestrian artist George Stubbs (1724-1806). It carries an estimate of £350,000-450,000. Source: Bonhams

London’s summer of art 2018 will have the traditional cluster of June and July auctions and fairs providing a welcome focus for traditional fine and decorative arts.

Modern and contemporary art is a fixture of all 21st century art destinations – there are sales in these categories at all of the ‘big four’ auctioneers – but it is the deep knowledge of what came before that gives the London market its specific character.

Celebrating a 300th Anniversary

Anniversaries that provide a convenient hook for museum exhibitions and retrospectives, don’t always have the positive effect on the market that dealers, auctioneers and collectors would like. But this year’s Chippendale 300 initiative marking the tercentenary of the birth of England’s best-known furniture maker, designer and entrepreneur, might be a little different.

Historic houses, museums and craft organisations that own, study and work with furniture by Thomas Chippendale Senior (1718-79) have come together to form a programme of events, the like of which is seldom afforded mere tradesman. Those with an interest in the commercial fortunes of Georgian furniture are reluctant to let the opportunity pass them by.

London's Summer of Art 2018 - Sofa

Christie’s sale ‘Thomas Chippendale: 300 Years’ on July 5 includes the ‘Dundas Sofas’ estimated at £2m-3m each. Source: Christie’s

Christie’s sale ‘Thomas Chippendale: 300 Years’ on July 5 includes the ‘Dundas Sofas’ estimated at £2m-3m each. Source: Christie’s

Christie’s Million Pound Sofas

With only around 600 pieces traceable to his workshop, fully autographed Chippendale furniture is rare on the market (far more numerous are pieces catalogued as ‘attributed to’ or ‘in the manner of’ the great man). So, hats off to both Christie’s who have assembled a sale titled ‘Thomas Chippendale: 300 Years’ comprising 22 lots.

The auction includes two of the famous giltwood sofas from the suite designed by Robert Adam and made by Chippendale in 1765 for Sir Lawrence Dundas. On July 5 the Dundas sofas, last sold as a pair 21 years ago for £1.4m, come up for sale with hopes of £2m-3m each. Lawrence Dundas had paid £410.4 shillings.

Previewing Masterpiece London

Chippendale will also be a feature of Masterpiece London (June 27-July 4) – the self-styled ‘Unmissable Art Fair’ that, now in its ninth instalment, is a second focal point for summer art-buying activity. This year, under new owners MCH Group (parent company of Art Basel) the fair has grown to incorporate 160 exhibitors under canvas in the grounds of the Royal Hospital Chelsea.

That makes it a similar size to Art & Antiques Fair Olympia (June 20-27) that, in its 46th year, forms part of organiser Clarion’s House & Garden Festival.

What to Expect from London Art Week

London Art Week, running at various Mayfair and St James’s venues from June 29-July 6, seeks to emphasise this rich seam of expertise and spotlight the auction houses and commercial galleries as places to learn about art and the art market. Discoveries paint the traditional art market at its most romantic best during London’s summer of art 2018.

London's Summer of Art 2018 - Bust

Following extensive research by the current owner, this white marble bust has been identified as the lost Bust of Peace by Antonio Canova (1757-1822). It forms part of Sotheby’s July 4 Treasures sale with an estimate ‘in excess of £1m’. Source: Sotheby’s

Following extensive research by the current owner, this white marble bust has been identified as the lost Bust of Peace by Antonio Canova (1757-1822). It forms part of Sotheby’s July 4 Treasures sale with an estimate ‘in excess of £1m’. Source: Sotheby’s

Sotheby’s Rare Bust

Autograph works by Antonio Canova (1757-1821) rarely appear for sale. However, on July 4 Sotheby’s will offer a bust that – previous thought lost – has not been seen in public since it was shown at the Royal Academy in 1817.

The Bust of Peace (1814) was carved for his first British patron and close friend John Campbell, Lord Cawdor but by 1962, when the contents of the Cawdor family house in Pembrokeshire were sold at auction, the sculpture was simply described in the catalogue as ‘a white marble bust of a lady wearing a diadem’. The present owner also acquired it as an unattributed work.

Christopher Mason, Sotheby’s specialist comments: “Canova marbles are exceptionally rare on the art market. Consequently, estimating the value is not an exact science. We envisage bidding in excess of £1 million.” The last Canova bust to appear on the market, depicting Joachim Murat, King of Naples sold by Christie’s in Paris, took €4.3m.

London's Summer of Art 2018 - Bronze

Christie’s Exceptional Sale on July 5 includes two sculptures originating from the court of Louis XIV. Hercules overcoming the river god Achelous by Florentine sculptor Ferdinando Tacca (1619-86) c. 1640-50 is priced around £5m. Source: Christie’s

Christie’s Exceptional Sale on July 5 includes two sculptures originating from the court of Louis XIV. Hercules overcoming the river god Achelous by Florentine sculptor Ferdinando Tacca (1619-86) c. 1640-50 is priced around £5m. Source: Christie’s

Christie’s Bronzes

In a typical exercise of auction house one-upmanship during London’s summer of art, Christie’s will seek to trump their rivals the following day with two bronzes from the court of Louis XIV. The Exceptional Sale on July 5 includes both a cast of Ferdinando Tacca’s Hercules and Achelous (around £5m) and a reduction of the original François Girardon model of the Sun King on horseback (priced in the region of £7m-10m).

The former was given a gift from Louis XIV to his son, the Grand Dauphin, in 1681, the latter believed to be the lost sculpture from the artist’s own collection and depicted in a famous engraving of the Galerie de Girardon.

 

About the Author

Roland Arkell (LinkedIn) is the Contributing Editor at ATG Media.  For almost two decades, Roland has been writing about the British and international art and antiques market for Antiques Trade Gazette, the leading publication for serious buyers and sellers of art and antiques.

 

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Examining Jump Hour Watch Complications

In this author’s opinion, Borro Blog’s industry analyst will be examining jump hour watch complications. The perfect balance between complication and use is struck when just a single additional function is employed, and given the space to breathe and the wearer room to explore it to its fullest potential.

What drives value?

The brand of a watch will be the driving force in determining how much of a collectible it will be. We’ve touched on that in this column frequently, but what is also crucial is an element of stylistic timelessness. Generally that means simplicity. A subtle, pared back device that is very clearly a watch (rather than a tooled-up wrist spaceship), has a better chance of aging well.

Jump Hour Watch Compliations

Image Courtesy of A. Lange & Söhne

Just how complicated are these jump hour watch complications?

Removing the hour hand and replacing it with a jumping indicator might not sound too complicated, but really perfecting it is an exercise in restraint. For three examples of how it has been done well, we can look to A. Lange & Söhne, Franck Muller, and IWC, three brands with elaborate jump hour watch complications.

The A. Lange & Söhne Zeitwerk Minute repeater is probably the most exquisite example of a jump hour complication, simply because they’ve gone the whole hog and realised the minutes in the same way for a totally digital readout. The one thing that reminds you this is a mechanical watch (aside from the superlative level of finishing), is the going seconds hand on the typically German sub-dial at six o’clock.

Jump Hour Watch Compliations

Image Courtesy of A. Lange & Söhne

What I really like about the Zeitwerk is the total commitment to the concept, and the utterly gorgeous layout of the dial. The finishing on the chime hammers (located around 5 and 7 o’clock) is just about the highest grade of polishing you’re likely to see on the dial-side of a watch. The prices start at $70,000 for the rose gold version, and creep all the way up to $467,000 for the platinum.

For those of you who like something a little busier in terms of design, the Franck Muller Cintrée Curvex Jump Hour Tourbillon ($262,500) might float your boat. The guilloche dial and prominent tourbillon at six o’clock make for much more extravagant look that is typical of the brand. The shape of the case itself adds a little more character to the watch if you’re looking for something that will stand out in a crowd.

Jump Hour Watch Compilations

Image Courtesy of IWC

In conclusion

For lovers of minimalist design and an unabashed focus on craftsmanship, the IWC tribute to Pallweber is a peach. The amount of space and focus given to the complication is refreshing, and is a by-the-book homage to the traditional IWC pocket watch on which this model is based. Priced at $36,000 the IWC is not cheap, but of the three is certainly the most attainable and a truly excellent example of the exercise.

About the Author

Fell Jensen is a Swiss-trained watchmaker working as an industry analyst.

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The Heat is Turned Up for the June 2018 Auction Calendar

The summer heat is now officially in upon us and this month sees a fiery line up of auction dates to highlight. Borro Blog has focused on three key auctions taking place for our June 2018 auction calendar from highly collectable Aston Martins to a contemporary art evening featuring artwork from Bacon, Warhol and Basquiat amongst other high-profile artists.

Bonham’s Aston Martin Sale

2nd June – Reading, England

Bonham's Aston Martin Sale 18

The Aston Martin Sale will take place at Englefield House in Reading and with the sale dedicated to one of Britain’s proudest luxury brands, this will truly be a great summertime affair.

The auction will feature countless memorabilia and classic cars collected throughout the 20th century. Potentially the most desirable and prized lot on offer is the cream coloured 1965 Aston Martin DB5.

It is thought to be the penultimate of 85 manufactured right hand DB5 convertibles; it features a roaring 4.2 litre engine. This British engineering masterpiece has high estimate of £900,000.

Christie’s Important Jewels

June 13 – London, England

June 2018 Auction Calendar

Christie’s Important Jewels sale is always a highly anticipated occasion leading to packed auction rooms, and this one is sure to be no different.

There are some extremely valuable precious gemstones up for grabs. However, for this sale all eyes will be fixed upon lot number 277, when the ‘Fine Sapphire and Diamond Julie’ Cartier ring is offered.

The lot offers a cushion-shaped sapphire, weighing in at approximately 7.10 carats accompanied by circular cut diamonds and sealed by a Cartier signed ring. However, you better know your ring size before you splash out the £650,000 estimated price on June 13th, as it is only available as a ring size J.

Sotheby’s Contemporary Art Evening Auction on June 26

26th June – London

Sotheby's Contemporary Art Evening Auction June 26

This is certainly the standout art auction for June and will act as a large tell-tale as to how the second half of the year will pan out for the art market.

No official estimates have yet been released, however, with original works from Keith Haring, Francis Bacon, Basquiat, Klein and Andy Warhol are all on offer, vast prices and highly competitive bidding can be expected.

This is without question an auction to pay attention to for those with an interest in the high end of the contemporary art market.

 

See the complete June 2018 auction calendar below:

AuctionAuction HouseCategoryDateLocationURL
The Aston Martin SaleBonhamsLuxury CarsJune 2, 2018Reading, UKhttps://bit.ly/2InbyZi
Greenwich Concours d'Elegance AuctionBonhamsLuxury CarsJune 3, 2018
Greenwich
Russian ArtChristiesFine Art and AntiquesJune 4, 2018Londonhttps://goo.gl/jxRBbD
HOME & InteriorsBonhamsFurnitureJune 5, 2018
London, Knightsbridge
Russian PicturesSothebysFine Art and AntiquesJune 5, 2018Londonhttps://goo.gl/YDzzTj
Russian Works of Art, Fabergé & IconsSothebysFine Art and AntiquesJune 5, 2018Londonhttps://goo.gl/mHPbMQ
Jewels OnlineSothebysJewellery & WatchesJune 5, 2018Onlinehttps://goo.gl/3YqBZ8
Swiss Art/Swiss MadeSothebysFine Art and AntiquesJune 5, 2018Zurichhttps://goo.gl/HW4W1f
DesignChristiesFine Art and AntiquesJune 5, 2018New Yorkhttps://goo.gl/udKYK6
Fine Watches and WristwatchesBonhamsJewellery & WatchesJune 6, 2018London, Knightsbridge
The Russian SaleBonhamsFine Art and AntiquesJune 6, 2018
London, New Bond Street
Fine JewelsSothebysJewellery & WatchesJune 6, 2018Londonhttps://goo.gl/SFA2Rn
Art Contemporain Evening SaleSothebysFine Art and AntiquesJune 6, 2018Parishttps://goo.gl/erC1i3
Interiors: New York VisionsChristiesFine Art and AntiquesJune 6, 2018New Yorkhttps://goo.gl/xtchvH
Fine JewelsChristiesJewellery & WatchesJune 6, 2018Parishttps://goo.gl/ddJQkx
Christie's Jewels OnlineChristiesJewellery & WatchesJune 6, 2018Onlinehttps://goo.gl/jA3i
Art Contemporain Day SaleSothebysFine Art and AntiquesJune 7, 2018Parishttps://goo.gl/39vTvj
Post-War & Contemporary Art Paris, Evening SaleChristiesFine Art and AntiquesJune 7, 2018Parishttps://goo.gl/qsuYws
Finest & Rarest Wines and SpiritsChristiesFine WineJune 7, 2018Londonhttps://goo.gl/wwFjJA
Christie's Watches Online: Summer Watch Series - Part IChristiesJewellery & WatchesJune 7, 2018Onlinehttps://goo.gl/jA3i
CURATED: TURN IT UPSothebysFine Art and AntiquesJune 8, 2018Hong Konghttps://goo.gl/L2sbhz
Picasso Ceramics OnlineSothebysFine Art and AntiquesJune 8, 2018Onlinehttps://goo.gl/TuJiV1
Post-War & Contemporary Art Paris, Day SaleChristiesFine Art and AntiquesJune 8, 2018Parishttps://goo.gl/8Vg7U1
The Burgundy CollectionSothebysFine WineJune 9, 2018Hong Konghttps://goo.gl/J4e5rf
Fine Books and ManuscriptsBonhamsFine Art and AntiquesJune 12, 2018London, New Bond Street
Arts d'AsieSothebysFine Art and AntiquesJune 12, 2018Parishttps://goo.gl/HeXiZn
Howard Hodgkin: Working on PaperSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/xMKUhG
Modern & Post-War British Art Day SaleSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/qToZQi
The Colourists: Pictures from the Harrison CollectionSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/aj9h1f
Modern & Post-War British Art Evening SaleSothebysFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/LdV5t2
Magnificent Jewels & The Collection of Peggy and David RockefellerChristiesJewellery & WatchesJune 12, 2018New Yorkhttps://goo.gl/5LzCJd
Arts of IndiaChristiesFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/ZkDphC
Handbags & AccessoriesChristiesHandbagsJune 12, 2018Londonhttps://goo.gl/YZUzE5
South Asian Modern + Contemporary ArtChristiesFine Art and AntiquesJune 12, 2018Londonhttps://goo.gl/5jEXKs
The Goodwood Festival of Speed SaleBonhamsLuxury carsJune 13, 2018
Chichester, Goodwood
HOME & InteriorsBonhamsFurnitureJune 13, 2018London, Knightsbridge
JewelryBonhamsJewellery & WatchesJune 13, 2018London, Knightsbridge
Modern British and Irish ArtBonhamsFine Art and AntiquesJune 13, 2018London, New Bond Street
HOME & InteriorsBonhamsFurnitureJune 13, 2018
Edinburgh
Arts d'Afrique et d'OcéanieSothebysFine Art and AntiquesJune 13, 2018Parishttps://goo.gl/5aUpLG
Important JewelsChristiesJewellery & WatchesJune 13, 2018Londonhttps://goo.gl/H6MbSo
An Evening of Exceptional WatchesChristiesJewellery & WatchesJune 13, 2018New Yorkhttps://goo.gl/173msN
Kenneth NeameChristiesFine Art and AntiquesJune 13, 2018Londonhttps://goo.gl/qakfYe
Art d'AsieChristiesFine Art and AntiquesJune 13, 2018Parishttps://goo.gl/aokVUe
Fine JewelsSothebysJewellery & WatchesJune 14, 2018Genevahttps://goo.gl/sLJZTJ
Finest Wines and Spirits Featuring Superb BurgundyChristiesFine WineJune 14, 2018New Yorkhttps://goo.gl/TgGeQ2
Fine Printed Books & Manuscripts, Including AmericanaChristiesBooksJune 14, 2018New Yorkhttps://goo.gl/pYjzMB
The Portland AudubonChristiesFine Art and AntiquesJune 14, 2018New Yorkhttps://goo.gl/pqGg1X
Contemporary Editions Online: A Private CollectionSothebysFine Art and AntiquesJune 15, 2018Onlinehttps://goo.gl/qkB4HE
Fine Books and Manuscripts Including AmericanaSothebysBooksJune 18, 2018Onlinehttps://goo.gl/bmQX7n
Watches OnlineSothebysJewellery & WatchesJune 18, 2018Onlinehttps://goo.gl/7HA3Zb
Impressionist & Modern Art Evening SaleSothebysFine Art and AntiquesJune 19, 2018Londonhttps://goo.gl/ymcCwW
Modern British ArtChristiesFine Art and AntiquesJune 19, 2018Londonhttps://goo.gl/F4wavX
Sculpture et Objets d'Art EuropéensChristiesFine Art and AntiquesJune 19, 2018Parishttps://goo.gl/biQg5i
Fine Books and ManuscriptsBonhamsFine Art and AntiquesJune 20, 2018London, New Bond Street
Decorative Arts from 1860BonhamsFine Art and AntiquesJune 20, 2018London, Knightsbridge
Fine Watches and WristwatchesBonhamsJewellery & WatchesJune 20, 2018London, New Bond Street
Decorative Arts from 1860BonhamsFine Art and AntiquesJune 20, 2018
London, Knightsbridge
Fine Watches and WristwatchesBonhamsJewellery & WatchesJune 20, 2018
London, New Bond Street
Impressionist & Modern Art Day SaleSothebysFine Art and AntiquesJune 20, 2018Londonhttps://goo.gl/Rx3gvY
Finest and Rarest WinesSothebysFine WineJune 20, 2018Londonhttps://goo.gl/jA3i
Modern British Art Day saleChristiesFine Art and AntiquesJune 20, 2018Londonhttps://goo.gl/V8pHze
Impressionist & Modern Art Evening SaleChristiesFine Art and AntiquesJune 20, 2018Londonhttps://goo.gl/3xFN4i
Un autre XXème siècle: les arts de la figuration 1900-1950ChristiesFine Art and AntiquesJune 20, 2018Parishttps://goo.gl/XaHVmV
Tableaux 1400 - 1900ChristiesFine Art and AntiquesJune 20, 2018Parishttps://goo.gl/6BcYFB
Online: Handpicked 50 Works selected by the Saatchi GalleryChristiesFine Art and AntiquesJune 20, 2018Onlinehttps://goo.gl/jA3i
Tableaux, Sculptures et Dessins Anciens et du XIXe siècleSothebysFine Art and AntiquesJune 21, 2018Parishttps://goo.gl/4JeHzX
Impressionist and Modern Art Day SaleChristiesFine Art and AntiquesJune 21, 2018Londonhttps://goo.gl/xW162L
RM Sotheby's: The Dingman Collection 2018RM SothebysLuxury CarsJune 23, 2018Hamptonhttps://goo.gl/8ynbND
Contemporary Art Evening AuctionSothebysFine Art and AntiquesJune 26, 2018Londonhttps://goo.gl/dDA3RT
World CurrencyHeritageCoinsJune 27, 2018Hong Kong
Prints and MultiplesBonhamsFine Art and AntiquesJune 26, 2018London, New Bond Street
Contemporary Art Day AuctionSothebysFine Art and AntiquesJune 27, 2018Londonhttps://goo.gl/URGUfW
Design in SituSothebysFine Art and AntiquesJune 27, 2018Parishttps://goo.gl/5EQaXi
Futur antérieur : la Collection d'Art africain de Liliane et Michel Durand-DessertChristiesFine Art and AntiquesJune 27, 2018Parishttps://goo.gl/8CKWzd
Post-War to PresentChristiesFine Art and AntiquesJune 28, 2018Londonhttps://goo.gl/UvjM6t
Handpicked: 50 Works Selected by the Saatchi GalleryChristiesFine Art and AntiquesJune 28, 2018Londonhttps://goo.gl/Qv9n4w
Christie's Watches Online: Summer Watch Series Part IIChristiesJewellery & WatchesJune 28, 2018Onlinehttps://goo.gl/jA3i

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Watch Models with the Highest Potential Resale Value

The prime reason for buying a luxury watch should be the pleasure that object and its operation offers. But if you’re keen to make sure your purchase has the highest potential resale value, there are a couple of things to bear in mind when choosing which timepiece to buy.

Buy from a Company that will be Around in Decades to Come

Buy something from an extant, booming company that will be around in decades, even generations. This is so that when your buyer comes to have their watch serviced, they’ll be able to revitalise the piece.

Highest Potential Resale Value

Image Courtesy of Vacheron Constantin

This train of thought leads us back to the usual offenders: Vacheron Constantin, Rolex, and Patek Philippe.

More affordable luxury watches that boast either an excellent heritage (which imbues each piece with context – a huge plus for gaining the highest potential resale value), or independence are also viable options: Think Omega or Tudor for the former, or a brand like NOMOS Glashütte for the second.

Don’t be Afraid to Spend a Lot of Money

And don’t be afraid to spend a lot of money in the first instance. You want something that is, in some way, limited in production and relatively highly priced. Yes, we all dream of hitting on the AIM, but how often does it happen? Furthermore, low stakes return low rakes.

Highest Potential Resale Value

Image Courtesy of Zenith

Of course, if you’re looking for a bit of excitement along the way, why not treat yourself to something of undeniable quality that boasts more exclusivity and discernment than the run-of-the-mill Submariner?

Zenith’s El Primero

No fan of watches would ever turn their nose up at Zenith’s superb El Primero movement. It’s a classic, and a beautiful work of art to boot. The only question is which model to buy?

The El Primero is used frequently, but in this author’s humble opinion, to no greater effect than the recent special edition produced for Timeless Luxury in Texas.

The traditional case size, blued hands, and ivory sunburst dial are a thing of beauty. By far and a way the most elegant modern El Primero chronograph I’ve seen, and a steal at just $7,500.

Rolex – The King of Pre-Loved Watches

Crucially though, Rolex is the king of pre-loved watches. But within that brand it’s worth noting that it’s the sporty models that do well – almost certainly because it is this persona around which Rolex built their brand.

Look for ‘classic’ work horse designs when they hit the market, and pull the trigger as soon as you can. The blue/black Rolex GMT is a peach, the Explorer range is primed for eternal adventure, the Submariner is the easiest purchase you’ll ever make, however hard it may be to part with what will surely become a beloved beater…

They are bread and butter watches, yes, but far more likely to appreciate than the more extravagant and less versatile Cellini or Yachtmaster rangers.

Highest Potential Resale Value

Image Courtesy of Rolex

Steer clear of crazy colours or empty special models. If you can rely on the heritage and quality, you don’t want to be sunk by picking a ‘grape’ coloured dial, only to realise nobody in 2055 knows what a grape is thanks to global famine…

Fell’s Top Picks

In light of these arguments, my top picks for potential appreciation are:

  1. Zenith Chronomaster Heritage for Timeless Luxury ($7,500)
  2. Rolex GMT-Master II (around $9,000)
  3. Vacheron Constantin Patrimony Ultra thin Calibre 1731 (around $350,000)

It’s unlikely you’ll even double your investment, but if you want to give yourself the best chance of gaining the highest potential resale value, put your cash and confidence in the brands that are here to stay and have proven through the years to perform under market pressure.

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Bugatti Veyron Grand Sport Vitesse – May 2018 Car of the Month

The Monaco madness came and went in a flash. Car collectors are already looking ahead to RM Sotheby’s sale of Michael Dingman’s remarkable car collection, which will be taking place in Hampton, New Hampshire in mid-June. However, Borro Blog has decided to opt for one of the key lots to come out of the bi-annual Monte Carlo sale, the Bugatti Veyron Grand Sport Vitesse.

 Bugatti Veyron Grand Sport Vitesse

Extreme Rarity

RM Sotheby’s describes the Bugatti Veyron Grand Sport Vitesse to be at the ‘very top of the pyramid within Veyron hierarchy’. It is also extremely rare; the Vitesse is one of the last 92 Veyrons built.

The design contributes to the rarity and desirability from a collector’s perspective. It is finished in a two-tone blue contrast, with contrasting blue carbon fibre, diamond-cut wheels and clear-glass taillights.

The interior emulates this design, with contrasting blue stitching throughout. The Bugatti features a Transformer logo between the seats, a subtle memento of the fact it was commissioned in a Transformers livery.

 Bugatti Veyron Grand Sport Vitesse

Specs, Performance and World Records

In terms of specs and performance, the Bugatti is second to none. It’s a well-known fact that the Veyron is the fastest car on the planet, after it recorded 268 mph at Volkswagen’s Ehra-Lessein test track.

However, the Vitesse model boasts the world record for the world’s fastest open-topped car, with a top speed of 254 mph.

If that didn’t impress you then these engine specs will: the Vitesse model is fitted with the ultimate 1,200 bhp quad turbo W-16 engine and open top bodywork. This allows for the car to reach 0-62 mph in just 2.46 seconds.

A Future Collectible

Bugatti Veyron Grand Sport Vitesse

Since its initial unveiling at the Geneva 2012 Motor Show, the Bugatti has been considered by many to be one of the most spectacular cars built thus far in the 21st century.

The Bugatti Veyron Grand Sport Vitesse went under the hammer for a hefty €1,720,625 in Monaco on May 12th. However, due to the rarity and desirability of this prestigious super-car, it is sure to be a collectible that will demand astronomical fees in years to come.

 

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