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AUCTION

Omega watch found in Swede’s attic SMASHES auction world record

An ordinary wristwatch has fetched a record-breaking sum at an auction in Sweden.

Omega watch found in Swede's attic SMASHES auction world record
The unique wristwatch. Photo: Bukowskis

The Omega Speedmaster 2915-1 went under the hammer at Bukowskis' auction 'Important Timepieces' in Sweden. It was bought for 2,266,250 kronor (more than $276,000), the highest ever bid at any auction in the world for a watch of its kind and the most expensive wristwatch ever sold by Bukowskis.

The wristwatch was made on June 6th 1958 and was handed in to the Swedish auction house after the owner's son – unaware of its enormous value – found it tucked away in a small box in the attic.

“It's extremely rare. This watch wasn't made as a super exclusive, fantastic watch that you have in a bank vault or anything like that. This was an ordinary watch from 1958. He (the father) used it every day. That it is in this condition, this marvelous condition, that it has not been tampered with or repaired, it's fabulous!” Björn Extergren, head of consignment and sales, told The Local on Thursday.

“One part of that is that it was in the attic, and it had been forgotten. The person who found it was cleaning his father's attic after he died, and found it alongside around 20 other watches. The other watches were ordinary watches as well, and had not reached this level. This one had come much longer in its life process and become this iconic star.”

The wristwatch broke the previous record set by an Omega Speedmaster 2915-1, which was sold at Christie's in New York in 2015 for $137,000 (around 1.1 million Swedish kronor).

“Many people think that to sell something like this, you have to go abroad to London or New York, but that's not the case,” said Extergren.

“The thing is, if the item is good, you can put it to auction in Stockholm. You know, it's not a Swedish person who buys these items, it's international buyers. We find them, and they find us. The market is global today. Twenty years ago, you had to be at the spot – you had to be in New York or London. Today, that's not the case.”

Extergren, Bukowskis' expert on furniture, oriental design and works of art, was in the room during the bidding for the record-breaking watch and said it was a thrilling experience.

“It was very exciting! The thing is, it is not one person, it's six people bidding. It's a true auction, and you don't know even seconds before if the item is going to be sold or not. Everything happens in the room, and I love that. It's like winning a gold medal, down to the last second.”

Interview by Eugenia Tanaka.

DIAMOND

Rare pink diamond to go under hammer in Geneva

An extremely rare pink diamond will be auctioned in Geneva on November 11 by Sotheby's, which says it is worth between $23 and $38 million.

Rare pink diamond to go under hammer in Geneva
A model poses with the “The Spirit of the Rose” diamond during a press preview on Friday. Photo: Fabrice Coffrini/AFP
Named “The Spirit of the Rose” after a famous Russian ballet, the 14.83-carat diamond mined in Russia is the biggest ever to go under the hammer in its category — “fancy vivid purple-pink”.
 
The occurrence of pink diamonds in nature is extremely rare in any size,” Gary Schuler, head of Sotheby's jewellery division, said in a statement. “Only one per cent of all pink diamonds are larger than 10-carats.”
   
Speaking to AFP, Benoit Repellin, head of fine jewellery auctions at Sotheby's Geneva, said the oval-shaped diamond was “completely pure.”
 
 
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The rough diamond was unearthed by Russia's Alrosa — one of the world's leading diamond producers — in the Republic of Sakha in the northeast of the country in July 2017.
   
Repellin said it took a painstaking year for cutting masters to turn the diamond into its polished form.
   
Sotheby's said the world auction record for a diamond and any gemstone or jewel was the “CTF Pink Star”, a 59.60-carat oval pink diamond that sold for $71.2 million in Hong Kong in 2017.
   
According to Repellin, five out of the 10 most valuable diamonds ever sold at auction were pink.
   
The sale of this gem coincides with the closure of the world's largest pink diamond mine in Australia after it exhausted its reserves of the precious stones.
   
The Argyle mine, in the remote Kimberley region of Western Australia, churned out more than 90 percent of the world's pink diamonds.
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