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Monaco Legend Group: luxury timepieces: ones to watch

According to Davide Parmegiani, Chairman and expert horologist at Monaco Legend Group, “vintage
watches gain 10% in value each year.”

For a few years now, Monaco Legend Group
has been giving star billing to luxury watches.
In 2019, Founder, Claude Cohen, formed a
partnership with Davide Parmegiani, luxury
watch expert and a Rolex and Philippe Patek
specialist. “Auctions of luxury timepieces started
after the first Gulf War; but we are noticing a
real explosion in the last two years, with the
advent of digital auctions. Vintage 1960s and
1970s watches are the best sellers. They are a
good investment. These watches gain 10% in
value each year,” observes Davide Parmegiani,
himself a big collector, particularly of the
Daytona, which brought such post-war success
to Rolex. “Timepieces are a testament to the
design codes of last century but also to countries
like Switzerland, who have a crucial position in
the marketplace, with one of the world’s best
watch manufacturing industries,” points out our
expert, who is publishing a book about special,
custom-made watches.
Audemars Piguet - très élégante et de bon goût, montre-bracelet Royal Oak
Quantieme perpétuel en platine, référence 25820pt, avec cadran tapisserie Monaco Luxury Group’s 17 April auction at the
blanc et argent, boîte et papiers / Audemars Piguet - very elegant and tasteful Hermitage Hotel* rode upon this wave. Amongst
royal oak quantieme perpetual wristwatch in platinum, reference 25820pt, with
white and silver tapisserie dial, box and papers the many exceptional pieces, there was a
Philippe Patek Dolphin Clock in yellow gold, silver,
Richard Mille - très élégante et élégante montre-bracelet de forme tonneau
squelette extra plate en titane / Richard Mille - very elegant and tasteful extra diamonds, lapis lazuli and deep blue, translucent
flat skeletonized tonneau shape wristwatch in titanium enamel, weighing 6.390 kilos! This unique item

Patek Philippe - montre bracelet automatique Nautilus extrêmement rare et has a history: “Valued at between €750,000 and
précieuse en or blanc, référence 5740 / 1g-001, avec boite remontoir, garantie €1.5 million, it belonged to someone who owns
d’origine, livret, broche de réglage et étiquette / Patek Philippe - extremely rare
and precious nautilus automatic wristwatch in white gold, reference 5740/1g- one of the biggest collections in the world.
001, with time machine box, original warranty, booklet, setting pin and tag This type of model is custom-designed. It is a

Rolex - Montre bracelet chronographe Daytona absolument exceptionnelle et spectacular example and was even exhibited
très attractive en or jaune, référence 16568, avec cadran et lunette sertis de at Tiffany’s, then sold at Phillips in New York in
diamants et émeraudes, autocollant Rolex / Rolex - absolutely exceptional and
very attractive Daytona chronograph wristwatch in yellow gold, reference 16 2015,” notes Davide Parmegiani; and sometimes,
568, with dimond and emerald set dial and bezel, Rolex sticker fine watchmaking houses themselves bid for
certain pieces at auction: “Sometimes, we sell
museum pieces,” reveals Davide Parmegiani.
More often than not, high-watchmaking fans are
real, meticulous connoisseurs. “They are very
meticulous. Everything about the timepiece has to
be original, including the indices, the movement,
the dial, the hands and so on. Auctions are
Le Dolphin Clock Philippe Patek, faite d’or jaune, d’argent, de diamants, de
lapis lazuli et d’émail translucide bleu profond, pesant 6,390 kilogrammes, becoming more democratic – thirty-somethings
vendu le 17 avril. are no longer afraid to buy...”
The Philippe Patek Dolphin Cock, in yellow gold, silver, diamonds, lapis lazuli
and deep blue, transluscent enamel, weighing 6.390 kilos, sold on 17 April. *The magazine had not gone to press when this auction took place.
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