There is no greater stage in the watch world than that of a Phillips November auction in Geneva, which is why we were so excited to see the very first HODINKEE Shop limited edition make a public appearance there. This past weekend, one of the Laurent Ferrier Traveller Limited Edition for HODINKEE was auctioned off to great fanfare and intense bidding.
The result? A sale for CHF 71,250, or over $10,000 above its original retail price just 13 months ago. This result, an 18% increase in value, is something we are very proud of. In fact, if you look at how most independent watch companies perform on the secondary market, we often see them struggle to ever achieve a result close to retail. Laurent Ferriers in particular are often found well below retail prices in the secondhand market, making this result even more exciting.
We are thrilled to see our projects continue to be appreciated on the global stage, and are proud to tell all clients of our limited editions that they represent great, long-term value, as proven by this result.
If you missed our Laurent Ferrier or any of our limited editions, fear not. More is on its way very soon!
Top photo: courtesy Phillips