It seems like everyone is chasing modern indies and big ticket numbers these days, but Monaco is where the vintage deals (and grails) are still around.

We're back in the saddle again, riding the bucking bronco that is the auction market. But as a salve to the wounds of the usual suspects of whatever the market is hyped on these days, today we're looking at the Monaco Legend Auction catalog, which takes place October 31 and November 1 in—you guessed it—Monaco. I won't be there this time (though I am hoping to return in the future), but here's my view from afar. I haven't seen any watches in person, so I won't go into depth on quality—do your own research—but hopefully this gives you a jumping-off point.

The Top Lots

Lot 50, Rolex ref. 6062, with an estimate of €1,000,000 to €2,000,000

As I like to do, I feel like I have to acknowledge some of the top lots.…