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Thread: Louis Audemars

  1. Default Louis Audemars

    Hi All,
    I have a quesiton regarding the above. I know little about it but I know that the company liquidated in 1885, which I found here and in other places. If this is the case, why are their pocket watches that are attributed to LA after 1885? Some are LA made for someone else like Meylan, Oudin etc.

    Appreciate any insights!

    Cheers
    justindependent

  2. #2
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    Default Re: Louis Audemars

    During the last year or three of the company's existence Louis-Benjamin Audemars-Valette (my great Grandfather and the grandson of the original L-B A) "bought" (probably using his wife's money - she wasn't short of a franc or two) large numbers of finished and unfinished movements as well as some finished watches. There is some evidence from my archive that he did so at "knock-down" prices.

    His original idea was to finish them at his own expense so they could be sold to restore the company's fortunes but, as it became clear that wasn't going to work, he stockpiled them and used them to found his own successor business also - and confusingly - titled "Louis Audemars & Cie".
    He certainly signed his watches as such as well as selling (as you have noticed) watches to some of the original company's customers.
    Watches by his company are now - in my opinion - very rare indeed as it didn't last very long.
    (We have no archive or records from hs successor company).

    If made by him using a movement from the original company (especially if its number appears in my ledgers) they can usually be identified by a disparity between the movement number and the case number as he certainly bought his cases in - and very probably not from Meylan Freres (as did the original company) because they would have been owed a lot of money and the Audemars family were less than totally popular in the village for a while after the bankruptcy.
    It has been suggested by people more knowledgeable than me that the case quality of his watches is not as good as those used by the original company.

    If the movement serial number in a "Louis Audemars" watch has six or more digits it is almost certainly made by him after the bankruptcy and not one of the ones he had acquired. ( I have a small "Louis Audemars" ladies watch with a six-digit serial number bought recently on e-bay , which is one of his)

    The vast majority of movements & watches from the original company had 5-digit numbers; some four- and even three-. The only 6-digit numbers appearing in my archive are - as far as I can tell - movements "resourced" from other producers (Courvoisier, Calame-Robert) and sent (directly?) to Audemars London depot in the final years of the company, where they were finished and - very probably - sold with the retail customers' signatures.

    There were two other successor companies also started by grandsons of the founder - Audemars Feres and Francois Audemars fils. I have no indications that Audemars Freres were using materiel from the original company but it would not surprise me. I have records of a very few movements acquired by Francois Audemars.

    There was a fourth "successor" company Louis Audemars & Co Ltd. started by my grandfather some time after he emigrated to London between 1885 and 1900. He certainly processed a few movements from the original company. It would not surprise me in the least if he signed them "Louis Audemars & Cie" but I have no evidence of that.
    (His main business was importing watches and/or movements and selling them to retailers either with the customers' signatures or his own - by the way if anyone out there has a ladies wristwatch with "Audemars" on the dial, I will be very interested).

    Some very complicated movements from the original Ls Audemars company were in the safe at 66 Hatton Garden when the building was destroyed in the 1940's blitz on London. The contents of the safe were recovered but the movements were like burnt chestnuts and unrecoverable. I played with them as a child.
    The same raid destroyed all the medals and certificates awarded to the original Ls Audemars & Cie together with a number of seriously important watches which were displayed there.

    Another reason for attributing a watch to a date after 1885 is that some of the Auction Houses assessors don't know the history and are dating it solely on its appearance and attributes. There was such a case very recently in a german catalogue. Such judgements are perforce subjective and errors of +/- five or more years are forgivable - especially as some of the more complicated watches were several years in the making.

    Finally, there are somethimes "Louis Audemars" wristwatches available on-line claiming to use original movements.
    They come from Kiev so they must be right.

    Hope this is some help.

    I am at your disposal for any more information you or others may require.

    Paul

    PS We have copies of a handwritten account (in French) of the rise and fall of the original company written in 1922 by Louis-Benjamin Audemars-Valette from which a lot of Herr Zantke's account was derived.
    Last edited by Audemars; 04-28-2012 at 03:43 AM.

  3. Default Re: Louis Audemars

    Thank you Audemars, this is very interesting. I have only started to read this website and really appreciate your knowledgeable insights into this subject! I would love to acquire a nice LA pocket watch and I am really getting into historical memorabilia

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    Default Re: Louis Audemars

    A correction:

    OOps - My Grandfather came to London between 1895 and 1900 – in 1885 he would have been about 9 years old.

    And an addition:

    The bomb which destroyed the medals and stuff also wiped out the then known archives of the original LA company and certainly the archive of Louis Audemars-Valette’s successor company. It didn’t do my Grandfather’s paperwork much good either.

    However – as some readers of this site already know – some important ledgers were discovered in the old house in Le Brassus shortly before it was sold and demolished about four years ago.

    We have been able to extract about 5500 serial numbers, mostly dating from 1870 to the 1885 bankruptcy. They cover movements and finished watches of all types and quality levels. This discovery post-dates the publication of Herr Zantke’s excellent book. There is also a list of movements sold to Fatio-Junod in the 1840s.

    Paul

  5. #5

    Default Re: Louis Audemars

    Dear Paul,

    I read with interest your post re having the ledgers on some Louis Audemars pocket watches. I myself was willed a Ls Audemars pocket watch and it has a 5 digit serial number on it. I was wondering if amongst your ledgers this one exists. The pocket watch itself has been authenticated as a Ls Audemars, I am however trying to confirm the year it was made. The serial number is 20839, If you can provide any information I would very much appreciate it.

    Michael

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    Default Re: Louis Audemars

    Michael

    Sadly I don't have it.

    The closest I have are 20837 and 20842.
    20837 was sent to their Paris stock in 1883, so would probably have been in manufacture in 1881-2 but could easily have been earlier.
    20842 was in the stock held by their eastern European agent, Jules Jaques, in 1880.

    So that will give you an idea of the approximate date of manufacture of 20839 - probably any time from say 1878 - 188.

    If you were to upload some shots of the watch, particularly the movement, I - and I am sure many others on this site - would be very interested to see them.

    best regards

    P

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    Default Re: Louis Audemars

    oops

    that should have been 1878 - 1883

    sorrreeee

    P

  8. #8

    Default Re: Louis Audemars

    Thank you for the information...My family is of East European descent...specifically Russian. I have been trying to get information on this pocket watch and appreciate your help....I had mistakenly gone to the Audemars Piguet store in NYC where they took multiple photos and were then able to tell me that it was indeed a Ls Audemars. I have asked that they send me copies of these photos and will download them upon receipt..We are trying to catalogue several different family watch pieces and have them properly insured. The pocket watch itself is in an enclosed gold casing with Brassus and Geneve bothe engraved along with Ls Audemars and the serial number I gave you. The pocket watch is still in perfect working order and it was recommended that I go to Christies to get it properly appraised. Is that the best route or would you recommend a different one.

    Again thank you,
    Michael

  9. #9

    Default Re: Louis Audemars

    Michael, a few issues arise from your post.

    I think Christies is a good option for valuation. Make sure that when they give you the valuation they also give you a written technical description of the watch so that you can come back here, post that description with photos of the watch, and let our several experts check it for you

    Also make sure that you check with Christies that their estimate is the "hammer price" they expect to achieve. It normally would be, and they will give a range like "£1500-2500". You need to understand that if you do sell at auction through Christies you will pay 15% commission on the sale price, and they have several other charges in addition to that - they are very coy about their charges and don't even quote any of them on their website! I guess that those charges could amount to 5-10% of the hammer price plus tax.

    Then there is what is called "buyer's premium" which is in reality a further charge on the seller. Christies currently have the highest buyer's premium of all the auction house, equal to 25% plus tax of the hammer price. In the UK that means that the buyer will pay 30% on top of the hammer price.

    So overall, the way it works is this. Suppose that a collector values your watch at £2600. He knows that he will pay 30% buyer's premium, so he sets a maximum bid of £2000 which after adding buyer's premium means it will cost him £2600. On the hammer price of £2000 the seller will pay 15% seller's commission which reduces his "take" to £1700 and will also pay (let's say) a further £150 in sundry charges. At the end of this, the seller will collect £1550 for that £2600 watch. From an insurance valuation point of view, you should probably add 30% to the high estimate that Christies give you.

    The next issue is the photos. I'm not sure that Audemars Piguet will let you have them at all, but if they do then please remember that they alone own the copyright to those photos. If you want to post them here then you should ask their permission to do so. If they send them to you at all, I would expect them to grant that permission.

    I'm really looking forward to seeing this watch - I have never ever sen a signed Louis Audemars!
    Martin Rosen

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    Default Re: Louis Audemars

    Michael,
    I have also sent you a PM.

    If you have other watches from the same source(s) you might very well have a Ls Audemars watch or movement signed by one of their customers.
    They sold a LOT of watches to imperial Russia, especially to the court.
    I think particularly of their customer Pavel (Paul) Buhre.
    If you've got one of his you have really struck lucky. Looking forward to seeing shots and serial numbers.

    P

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