Be sure to read Ben Clymer's review of the Phillips "Racing Pulse" auction, here -- https://www.hodinkee.com/articles/an-incomplete-completely-subjective-analysis-of-the-phillips-racing-pulse-sale

Excerpt regarding the McQueen / Alltounian Monaco is as follows:

Why This Makes Sense: McQueen, Monaco, LeMans, you know the deal. It's absolutely iconic, and absolutely a killer watch with a story that rivals the best of 'em. Also, the connection to motorsport in this case is really real, and that makes car guys go crazy. It's also one of the most honest of the six known watches from that filming. And the simple fact that its owner was around to verify the entire story goes a very long way. Beyond that, it's 2020, and this is Phillips! All the other McQueen Monacos sold many years ago, and with hardly the same enthusiasm behind the vendor, or the macro-level watch market at all. I was in the room in 2009 when Antiquorum sold one for $80,000, and we all thought it was insane. In 2012, another sold for $799,500, and we called that insane. This? Of course paying $2 million for a watch is certainly insane, but this wasn't surprising at all. Will it spur a re-birth of the vintage Heuer market? That's another story. One we'll cover soon enough.

Why This Makes No Sense: There are six McQueen Monacos. Six. Which of them were really used in filming or really worn by Steve McQueen is hardly an exact science. This watch was given to the consigner by McQueen, and there is no doubt about it, so again, it's likely the purest of the six. But still. The quality of the watch itself is wonderful, but this is so far out of whack for a vintage Heuer result, the watch surely must've been purchased by a film or automotive buff as opposed to a watch buff. I can't say the same for the Newman 6263 which we'll get to later.

One quibble with Ben's analysis is the suggestion that this watch should be compared with other vintage Heuer chronographs. I believe that the appropriate "comparables" are Hollywood memorabilia, and particularly the McQueen cars, trucks and motorcycles that have been sold, rather than vintage watches. Almost all the $2,2 million value [and it is strange to even use that word] comes from the McQueen provenance, and the watch itself is worth a small fraction of that amount.

Jeff

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