An exceptionally rare example of a Breguet Four Minute Tourbillon watch, owned by King George III is at risk of leaving the country unless a UK buyer can be found to save the work for the nation.
Valued at £2,000,000, plus VAT of £400,000, the watch was made in 1808 for His Majesty King George III and is thought to be one of fewer than ten tourbillon watches known to exist.
Designed and made by the pre-eminent watchmaker Abraham-Louis Breguet, the watch was designed to keep good time with a mechanism to stabilise and protect the movement from being disturbed by daily use. Its austere beauty and innovative mechanism represents a pinnacle of horological technology.
The watch at risk of export was part of the collection of King George III and Queen Charlotte. The King was a keen horologist and, as well as engaging leading horologists of the day, he actively involved himself in the creation of pieces that he commissioned. The Royal Collection holds manuscripts written in the King’s hand in which he details the procedure for assembling and disassembling watches.
Watches of this style are not currently represented in any public collection in the UK and this is thought to be one of less than ten known to survive.
Culture Minister Caroline Dinenage said:
The Minister’s decision follows the advice of the Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest (RCEWA). The committee noted that the watch was an outstanding technical accomplishment, demonstrating Breguet’s skill as a watchmaker and embodied the Enlightenment values of early 19th century Britain.
Committee Member Pippa Shirley said:
The RCEWA made its recommendation on the grounds of the watch’s outstanding significance for the study of British collecting, horology and the social and political history of Britain and Europe.
The decision on the export licence application for the watch will be deferred until 28 April 2021. This may be extended until 28 September 2021 if a serious intention to raise funds to purchase it is made at the recommended price of £2,000,000 plus VAT of £400,000.
Organisations or individuals interested in purchasing the watch should contact the RCEWA on 0845 300 6200.