USA market watches

Nov 11, 2014,06:28 AM
 

Importation of watches into the United States, in the 1960s and even today is complicated. The value of the watch must be broken down by the value of the case, the value of the movement and value of the strap. The movements will get a different duty depending on the number of jewels, whether the watch is automatic or manual and if the movement is Adjusted or Unadjusted. There are other tweaks like country of origin, in the calculation of the duty rate but those are the big ones.


As such, all imported USA bound movements will show: 1) Jewel Count 2) Country of Origin 3) Adjusted/Unadjusted. Given these requirements - still in place today - it's almost IMPOSSIBLE for a LeCoultre watch not to have a movement stamped with these 3 things as the movement would be quasi un-importable into the U.S.. 

So if you see a supposed USA "LeCoultre" with a movement not showing jewel count, Unadjusted and Swiss, it's 99% fake. The vast majority of these fakes have "LeCoultre" written on the chronograph sweep second bridge on a curve. Below is an example of movement dressed up to look like a LeCoultre movement. These all started flooding the German market about 10-15 years ago and are now making their way into the mainstream. Totally un-importable for the reasons I state above.






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I'm sorry to report, but more "LeCoultre" fakes coing out of known Auction houses

 
 By: zaf_basha : November 10th, 2014-15:14
Namely, Antiquorum, Geneva November 8, lots, 409 and 410. Do your homework folks, please! The first one: http://www.antiquorum.com/catalog/lots/lecoultre-co-lot-286-409?page=11 and the second: http://www.antiquorum.com/catalog/lots/lecoultre-co-lot-286-41... 

Well Spotted, Zaf

 
 By: Tim_M : November 10th, 2014-18:45
Hi Zaf, Thanks for the heads-up. While I think it runs afoul of the new "no link" policy on the PuristsPro, I'm hoping the mods will make an exception for these given your long and dedicated service to the JLC community. I've always enjoyed your work. Bes... 

Antiquorum is well known for being absolutly clueless...

 
 By: Ilja : November 11th, 2014-01:48
The lot 637 is described as from 1960 while it is a 80's product made from 1950's overhang parts. They even don't care about the much later reference number. I.

USA market watches

 
 By: zaf_basha : November 11th, 2014-06:28
Importation of watches into the United States, in the 1960s and even today is complicated. The value of the watch must be broken down by the value of the case, the value of the movement and value of the strap. The movements will get a different duty depen...  

Thanks for

 
 By: halkcb : November 13th, 2014-19:34
this very useful information. Have been looking for some of these us imports many thanks

Alas, something V&C collectors have known for years

 
 By: Tick Talk : November 12th, 2014-09:35
Thanks for this reminder Zaf. There have been some notorious fakes and frankens put out by big name auction houses, including those with fake provenance. Really makes you wonder how they justify the 40% skimmed off in seller and buyer premiums :-( All I c... 

Thanks Zaf for the heads-up

 
 By: NT931 : November 13th, 2014-16:57
Your sharp eye and community spirit are both much appreciated

And a fake E859 Polaris on the bay right now

 
 By: Clavi : November 14th, 2014-10:07
Item 151471469665 currently Has been spotted / sold (or not?) several times over the pas 4 years on the bay. Comes from the same workshop that made a similar looking fake Supercompressor PolerouterSub So here it comes again. Seller seems to be specialised...  

Professionally refinished. LOL! An obvious fake, indeed.

 
 By: amanico : November 14th, 2014-10:17
Well, obvious not for everybody.... Best, and thanks, Clavi. Nicolas

Thank you

 
 By: Le Monde Edmond : November 16th, 2014-10:42
For the heads up. The vintage watch market is a dangerous minefield sometimes. E

Thanks for this valuable information....

 
 By: RG1 : November 17th, 2014-06:39
And I will think twice to go deeper into vintage watch world for sure:-) Ronald

Hi Nicolas...

 
 By: RG1 : November 17th, 2014-15:35
Thanks for your kind comment:-) By the way, I have sent my watch to the boutique last week... Regards, Ronald

You did very well. [nt]

 
 By: amanico : November 17th, 2014-22:25