Hong Kong, 27-28 June 2015
Sold for HK $62,500
You don’t need to be an art expert to know that anything associated with Andy Warhol is now hugely valuable, but, perhaps surprisingly, the value of the Times/5 watch he designed for Movado has risen relatively gently.
Shortly before his death in February 1987, Warhol agreed to become the first major name to work with Movado on its new artists series of watches, the result being the Times/5. The predictably wacky creation comprised five rectangular-cased quartz watches linked together. Each had a dial decorated with a different black-and-white image of New York, while the cases and joints were made from blackened steel.
Just 250 examples were produced the year after the artist’s death and they were priced at a not inconsiderable $18,000 apiece. Despite its comparative rarity, examples appear quite frequently at auction, with the most valuable proving to be low-edition numbers in excellent condition and complete with their original, wooden and glass presentation box.
The one sold here by Antiquorum was a relatively late production model (number 192) but appeared virtually unworn and accompanied by the certificate of authenticity with which it was first sold.