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Watches

A watch owned by Elvis Presley and one honouring Walter Lange set new auction records in Hong Kong

21 May , 2018  

Elvis Presley’s Omega watch fetched $1.8 million, while the Lange watch sold for $852,414

 

A one-of-its-kind A. Lange & Söhne watch, made to honour the legacy of the brand’s founder Walter Lange, and a diamond-encrusted Omega that belonged to Elvis Presley, broke sale records – and the internet – at the Geneva Watch Auction: Seven, earlier this month.

The King of Rock ‘n’ Roll’s 18K white gold Omega wristwatch sold for a whopping $1.8 million—the highest price ever paid for an Omega watch—after a lengthy and competitive round of bidding.

 

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Elvis Presley’s Omega wristwatch

Elvis Presley’s Omega wristwatch

 

Described as the “most historically significant Elvis Presley-owned watch to ever appear on the market,” RCA Records had presented the watch to the Jailhouse Rock singer in February 1961 to celebrate a 75-million records sale. The 33 mm timepiece houses a manually-wound OMEGA calibre 510 and features 44 brilliant-cut diamonds surrounding the bezel. The words “To Elvis, 75 Million Records, RCA Victor, 12-25-60” are engraved on the caseback.

 

Elvis Presley the second all-time best-selling musician after The Beatles, is known to give away his watches if someone expressed desire or admiration

Elvis Presley the second all-time best-selling musician after The Beatles, is known to give away his watches if someone expressed desire or admiration

 

According to an official statement, Elvis himself gave the watch to the seller’s uncle after he expressed his admiration for it. Elvis swapped his watch for this uncle’s diamond-studded Hamilton at a restaurant. The watch now belongs to the OMEGA Museum in Biel/Bienne.

At the same auction, the steel 1815 “Homage to Walter Lange” timepiece came under the hammer for $ 852,414. This is the highest result at auction that a Lange wristwatch has ever achieved.

The unique piece was made to honour the legacy of the brand’s founder, Walter Lange, who passed away in 2017. The watch is set in a stainless-steel case and has a black enamel dial segment. Its special features also include a jumping sweep-seconds mechanism.

 

The 1815 “Homage to Walter Lange” timepiece

The 1815 “Homage to Walter Lange” timepiece

 

All proceeds from the sale of the watch will go to the Children Action Foundation. The Swiss-based aid organisation helps promote the physical and emotional well-being of disadvantaged children and young people in eight countries around the globe.

Lange CEO Wilhelm Schmid said, “The result went well beyond our expectations. I’m particularly pleased that we can make a major contribution to Children Action’s important work, just as Walter Lange intended. The fact that the watch auctioned for such a high amount is not only a reflection of the increased value of A. Lange & Söhne watches, but also the worldwide community of collectors’ huge admiration for Walter Lange.”

 

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