Heur Watch Company timepiece nets ‘world record’ £60,000 at auction in Exmouth
PUBLISHED: 11:41 11 July 2017 | UPDATED: 12:02 11 July 2017
The watch fetched more five times its lowest estimate when it went under the hammer at Piers Motley Auctions
A unique watch fetched a record-breaking £60,000 when it went under the hammer in Exmouth this week.
The Heuer Watch Company timepiece was sold at Piers Motley Auctions, in Bicton Street.
An estimate had been placed on it prior to the sale for between £12,000 and £18,000.
This final total is believed to be a world record for a ‘vintage Heuer’ watch - beating the previous milestone by more than £40,000.
Auctioneer Mr Motley told the Journal that the seller, from Exeter, was anticipating a return of between £3,000 and £5,000.
Mr Motley said: “We had massive interest online and, after a lot of research, I discovered it would go for a lot more than the seller thought.
“Interest in big name vintage watches has grown massively in recent years, but for Heuer collectors this has been more recent.
“Fellows Auction Rooms sold an example last year with an estimate in the low hundreds for £19,000, but this had a badly corroded dial, so we knew our example was going to fetch much more than that.”
In 1960, the Heuer Watch Company started making stopwatches for yacht sailing.
The Skipper ‘Skipperera’ watch was introduced by the company, now known as Tag Heuer, in 1969.
There were only 20 examples of the concept timepiece made and only 16 are thought to have survived today. The founder of Lotus Sports Cars, Colin Chapman, is thought to own one.
The watch was sold in Exmouth after a busy auction which featured six telephone bidders.
Mr Motley added: “Bidding started at £41,000 and within 10 seconds had reached £48,000.
“Unlike some lots which build to a crescendo, this was over before one had a chance to think ‘what a result’.”
The watch will be sent off to its new owner in New York later this week.
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