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Watch Value Barometer #6

Vandervenus
Enicar Sherpa Ultradive

A gorgeous Sherpa Ultradive sold for 5.8 k Euros in 2021 (retail price).

On the brink of a new year, here’s another update of the Enicar Watch Value Barometer. It has been almost 16 months since my last overview of Enicar trading prices. What has changed? Well, the urge more and more people feel to spend money on assets like classic cars, exclusives wine and whiskeys, art, precious metals, hollow cryptos and… watches. No one wants to loose money on a savings account and that is, at least in Europe, the current situation.

Rising prices for luxury watches is also caused by scarcity of parts. The pandemic has disturbed the supply chain heavily in 2021 and even some of the big brands had to postpone releases of new models. Of course we are talking vintage watches on this website, but I firmly believe that lower and pricier stocks of watches in general also push the value of the vintage classics upwards.

Over the last year, I have noticed a broader interest in Enicar watches and the brand story. For what it’s worth, my Instagram account has gained almost 30% in followers in twelve months time and I see a lot of vintage watch enthusiasts dipping their toes into the Enicar pond. The second print of the Enicar book is almost sold out. Enicar is still not among the usual suspects, but I do see many more professional watch resellers offering the brand to their customers.

A nice surprise for Enicar fans that were hoping for a revival of some keystone models came from Germany with the launch of Sherpa Watches. This new brand is bringing the iconic Ultradive and OPS back to market. I have dedicated a post on the re-editions here. The original Enicar versions were already gaining momentum and I have seen asking prices going up since Sherpa Watches has announced their new releases.

I have probably wrote it before: I am not the final word in Enicar prices. My overview is an independent take on prices I’ve seen through auctions, eBay, resellers, Instagram, fairs and my fellow collectors. Remember: an asking price is not the same as a sales price. Some Enicars I saw on Chrono24 three years ago are still there, unsold. As always, I defined five categories. These represent the most popular Enicar models and the ones I get asked about frequently. Condition is graded in three categories: Very good – mint, average – good and poor – fair. I use Euro in my estimates and I also use a bandwidth.

The Sherpa Graphs

A record sale for this Sherpa Graph Mk Ia: it fetched 22k Euro at auction (fees included).
Auction result of a Sherpa Mk II in London: 6.5 k Euro, fees included.
This Sherpa Graph Mk III in good condition sold for 8.1 k Euro on auction. A similar one fetched almost 13 k Euro a few weeks later.
On a Japanese auction site, this Sherpa Graph Mk IV full set was sold for 5.5 k Euro.
This Aqua Graph in good optical condition was sold for 2.9 k Euros in Japan. Between 1.5k and 2 k extra was spend to get her running smooth again.
This minty Jet Graph was sold by auction house Phillips in June 2021 for over 10 k Euros.

 

Sherpa Graph Mk Ia

Sherpa Graph Mk Ib

Sherpa Graph Mk II

Sherpa Graph Mk III

Sherpa Graph Mk IV

Aqua Graph / Jet Graph (MkI versions add 20%)

 

The other Graphs

Fresh & minty: the Enicar Big Eye in the Hodinkee shop had a 3.9k USD price tag.

 

Valjoux 72 chronograph, Ocean Pearl Interlagos, “Garnix” 

Valjoux 72 chronograph, cushion case (Gerhard Mitter)

Valjoux 23 chronograph (Big Eye (not the yacht dial version), Lausanne)

Grapho-Matic

Mantagraph

 

The Supercompressors 40+ mm

Sold at auction in May 2021 for 2.4 k Euros: the Sherpa Super-Jet Mk III.

 

Sherpa Ultradive and OPS

Sherpa Super-Dive MkI and II 

Super-Jet Mk I and II

Sherpa Super-Dive MkIII, Super-Jet Mk III (cushion case)

Sherpa Dive (red pointer ring)

Sherpa Dive (pre-1958 version)

Sherpa Guide (42 mm, long lugs case and cushion case)

A scheduled auction has a Sherpa Guide in beautiful condition with an expected sale price of 1.250 Euros max. The pointer ring is missing, but I think it will sell for more.

 

The Supercompressors 36 mm

 

Sherpa Super-Divette and Jet (Jet is approx. 20% more expensive) 

Sherpa Divette

Sherpa GMT and World Time

 

The other Sherpas and collector’s pieces

 

Sherpa Star Diver

Sherpa Star (37 mm)

Sherpa Memostar

Sherpa Seapearl 600 (turtle lugs), Healthways

‘Regular’ Sherpa (Date, Day-Date)

Sherpa Electric

 

DISCLAIMER: All photos used are from my personal archive or public sources. I don’t want to valuate a specific watch that is not mine. Also, my estimates are not official watch dealer prices, no guaranteed sale gainings and no official asking prices. This Watch Value Barometer is nothing more than my own personal opinion of the current (December 2021) market value of the Enicar watches mentioned. 

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