Would you pay CHF852,500 for a stainless-steel watch? Someone did yesterday. At the eagerly awaited Phillips spring auction, held in Geneva, May 13, 2018, the only 1815 “Homage to Walter Lange” watch ever made in a steel case went under the hammer for just that amount. It’s the highest result at auction that a Lange wristwatch has ever achieved.

The unique piece was dedicated to company founder Walter Lange, who passed away in 2017. Its special features include a jumping sweep-seconds mechanism, black enamel dial segment, and stainless-steel case.

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

 “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.”


Wilhelm Schmid, Lange CEO

 


According to the auctioneer, Aurel Bacs, the success of the watch is largely down to one thing. “The 1815 ‘Homage to Walter Lange’ is the first ‘officially and publicly released’ steel watch by A. Lange & Söhne. It is a collector’s dream and was intended from the outset to raise money for a charity helping children in need. This unique story will forever be associated with the origins of the watch and it was a privilege for all of us at Phillips to have participated in this beautiful project.”

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