(Click image for gallery - 4 photos)
Originally introduced in the 1960's, the Jaeger-LeCoultre Polaris Dive Alarm, is one of the most sought after collector timepieces from the first true Vallée de Joux watch manufacture. Jaeger-LeCoultre has produced many in-house calibers, references and patents over the years, hence their nickname The Grand Maison. Even with all their famous collections, calibers, patents and references - one seems to stand out the most. The Jaeger-LeCoultre Polaris Memovox Dive Alarm watch.
The first version was produced in the mid 1960's and part of its demand is driven by the fact that they are extremely rare, with an original production run of about 1,700 pieces. There are a number of dial variations available, including the Tribute versions (which have been produced more recently). And some models even have a smooth caseback, instead of the pierced caseback. The piercing of the caseback was done to ensure the alarm is very loud (even underwater). Fortunately, this version I am showing you here, has the preferable caseback (pierced). This circa 1960 edition also features arguably the best looking dial of the the different editions. Maybe most important, though, is that every part of this timepiece is original and in immaculate condition.
The price is not listed for this specific timepiece, however, after doing numerous searches, I have determined that a Polaris can start as low as $13,000 (for a re-edition) all the way up to $29,000 (for a platinum re-edition). Being that this version is not platinum and it is an original edition (circa 1960), I would guess that the price is closer to $15,000 and $20,000.
If you do decide on this original Polaris, or even a re-edition, chances are the cult like following (and rarity) of the Polaris model will always ensure that it holds it value.
Source: Matthew Bain
