Yesterday, Jack shared with you his abiding love for the so-called Space Traveller, George Daniels’s masterpiece pocket watch. Today that watch was sold at Sotheby’s London and fetched an incredible $4.3 million (3,196,250 to be precise). While that’s a big price any day of the week, the result is even more striking in context. Luckily we’ve got the full story.
This is the second time the Space Traveller has changed hands this decade. Back in 2012, as part of a larger sale of Daniels’s estate, the Space Traveller was the top lot, fetching1,329,250 (approximately $2,124,142 at the time). This meant that the one lot made up more than 10% of the total value of the auction, which was comprised of 137 lots. It more than doubled its high estimate at the time and everyone thought the result was a strong statement about the enduring value of Daniels’s creations. We covered the sale live, and even went hands-on with the Space Traveller too.
Fast forward to now though and it seems interest (and the market) has only grown stronger. On an estimate of 1,200,000-1,800,000, the Space Traveller sold today for3,196,250 (approximately $4.3 million). This is another extremely strong result an even stronger one than many were expecting. One thing to think about here is that with exchange rates in major flux over the last few years, and the British Pound being relatively weak globally, we’ve seen a major spike in watch buying in the UK in general, and it’s not crazy to think that this watch being sold in London could have done it some favors too.
For the full listing and more results from today’s sale, visit Sotheby’s online.