Jaeger-LeCoultre has enjoyed yet another success at a fine watch auction. The high-end Swiss watchmaker's Deep Sea Vintage Chronograph sold for $14,606 in an online auction, this week (March 15).
Funds from the sale will go towards a good cause, protecting a marine site in the Philippines that is a part of the UNESCO World Heritage Marine Programme. Profits from the sale of the watch will benefit biodiversity conservation and a full "mountain-to-the-sea" ecosystem.
This is the fourth annual online auction of a unique watch by Jaeger-LeCoultre and the UNESCO World Heritage Centre. The watchmaker has provided deep sea explorers with specially-crafted timepieces since the 1950s.
The Deep Sea Vintage Chronograph is a "reinterpretation" of the company's Memovox Deep Sea watch of the 1970s, as seen in the Deep Sea Vintage Chronograph's stainless steel case.
The rare timepiece is driven by the Swiss watchmaker's Calibre 751G, which has been updated with contemporary ongoing research. In addition, the watch's reverse bears the same engraved motif as the historical model which depicts a frogman surrounded by bubbles.
In all, the Jaeger-LeCoultre Deep Sea Vintage Chronograph offered the perfect mix of deep sea history and forward-thinking to benefit UNESCO - while also demonstrating the increasing popularity of collectibles as 'alternative assets' which can raise money for good causes.