The sale in New York featured six rare examples which each achieved impressive six-figure results.
|Gruen Veri-Thin watches are a type of pocket watch that were produced in the early-twentieth century by the Gruen Watch Company.
History & Description
Established in 1894, the Gruen Watch Company was founded by Dietrich Gruen, a German emigrant, and by the 1920s the company was one of the most expensive and significant watch manufacturers in the United States.
In 1904 Gruen released the VeriThin model of pocket watch. By rearranging pieces of the watch movement, Gruen was able to produce a watch that was a mere 7mm thick. These pocket watches were a third thinner than their competition and still managed to meet the most exacting accuracy time tests of this period.
Guide for collectors
The VeriThin pocket watches were extremely popular and quickly became Gruen’s signature model. At the time, these pocket models would have cost $50, which in today’s prices would be roughly $1250.
Today, vintage Gruen VeriThin pocket watches are generally sold at auction between $50 and $100. However in the past, examples have exceeded $300.
There are few variations in the design and attributes of vintage Gruen VeriThin pocket watches and so the main factor for determining an item’s price is its condition. Any noticeable damage to an item’s back or dial can significantly reduce its value at auction.
While restoring vintage Gruen VeriThin pocket watches is recommended, collectors or existing owners are urged to go through respected professional restorers to ensure that as much of the item’s original features are retained. Furthermore, any damage to the item’s movement can drastically decrease its re-sale value.
Notable auction sales
On December 31st 2005 at Jeremiah’s International Trading Company in St. Petersburg, Florida, a vintage Gruen VeriThin pocket watch realised a price of $325.
On October 5th 2007 at Tom Harris Auctions in Marshalltown, Indianapolis, a vintage Gruen VeriThin pocket watch realised a price of $300.
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