

The catalogue is available here

Chrono 24, who claim to be the world’s most popular online marketplace for high quality luxury watches, is organising the world's first auction selling tourbillon timepieces with a total worth of two million Euros. The auction is organised in partnership with online art and auction house Auctionata, and it’s likely to be one of the most exciting auctions in the luxury watch industry.The online auction will take place on 8 November 2013 at 6 pm CET and is streamed live from Auctionata's TV studio in Berlin. Auctionata offers all the services of an art and auction house working 100% online. The company offers evaluation, appraisal, authentication and marketing of precious objects, along with all associated logistics.If you want to take part in the tourbillon auction all you need is a pc, tablet or mobile device and an internet connection. You can place bids without time delay from anywhere in the world.The tourbillon is considered the most complex of complications in the world of haute horology. It works on the principal that the escapement is built into a rotating cage in order to eliminate the effects of gravity.The most exclusive of the valuable pieces up for auction is the Bi-Axial Tourbillon from Girard Perregaux, ref. 99810, built in 2010 in 18 karat red gold – estimated price 180,000 euro – and a slection of fine watches from Breguet, the inventor of the tourbillon.From Glashütte is a complete set of five tourbillon watches from the PanoMatic series celebrating the 500th birthday of the city of Glashütte. The estimated price of the PanoMatic, each limited to just 50 pieces, is 150,000 euro, and the starting prices is set at 50% of the estimated market value.Also included in the auction are two IWC “Il Destriero Scafusia” watches from 1995, with an estimated value of more than 100,000 euros per watch. The IWC, of which only 125 were produced, has a hand-wound tourbillon, a perpetual calendar showing the year and a chronograph with a split-second hand. This cluster of complications makes this watch one of the most technically accomplished of its type.“This is the world's first auction selling only tourbillons, which we were able to bring together for this very special event thanks to our network of dealers. Together with Auctionata, we are offering 29 lovely pieces to watch-lovers and investors – these watches have some of the most stable values in the history of watchmaking. From our point of view, a live auction via internet streaming is the only type of auction appropriate to Chrono24. ” Tim Stracke, co-CEO of Chrono24.This is the first time that the global marketplace for luxury watches, with an inventory of over 150,000 watches, is entering the auction business.Dr. Oliver Hoffmann, curator of the auction and director of the Watch Department at Auctionata, will provide expert commentary on the watches live in the TV Studio seated next to the auctioneer: “I want to use this first auction in cooperation with Chrono24 to bring the fascination with complex watches alive.” Said Dr. Hoffmann.“The event means a great start to upcoming Chrono24 watch auctions which will take place along various themes in the future.” Alexander Zacke, CEO of Auctionata.