I went through the online catalogue for the upcoming Geneva Watch Auction X and I stumbled over Lot 134, a beautiful A386 Mk3. Phillips estimate for this Beauty is CHF 5.000 - 8.000, what is more than confusing to me. So I contacted Alex Ghotbi and asked him what is wrong with this watch. Alex confirmed that it is all original, great condition and comes from the first owner. Phillips sold a A386 in their „Winning Icons“ Auction in NYC and it fetched USD 37,5 k including fees. So they should be aware of what these watches are worth. IMO this estimate is stupid and counterproductive for them. Zenith collectors with great early El Primero stuff will directly go to the other first tier auction houses in the future because they think that Phillips is not knowledgeable enough. I am quite sure that this watch will reach a good price when every thing is ok with it. BTW they estimate a Heuer 1163 V Viceroy at CHF 5.000 - 10.000 in the same upcoming auction. So more worth than the A386 in their eyes. What a joke Any thoughts ?