1974 Espada Sub Sea Moon phase ref. 01.0040.418, stainless steel 39 X 45mm. case in N.O.S. condition, another holy grail watch, only 500 made between 73-75, to compare the estimate for the vintage Heuer Monaco is that about 5000 were made across all dials and movements between 1969 and 1975
The Zenith Espada was the world’s first automatic chronograph with full calendar and Moon phase. There are two existing references (ref. A7817 and 01.0040.418)
In 1969 three automatic chronographs were introduced: the Zenith el Primero, the Seiko 6139, and the Caliber 11 (produced in partnership with Heuer, Hamilton/Buren, Dubois-Depraz and Breitling). To this day, it is disputed as to which of these brands launched first. In fact the Caliber 11 did go on sale before the el Primero.
The history of el Primero might have ended abruptly in 1975. That was when Zenith Radio corporation, the American company that had owned the brand for the past four years, decided to stop making mechanical watches and to stick to quartz watches. The decision was irrevocable and the owner intended to negotiate a scrapyard price for all the machines, calibers and tools. The order was to be executed without delay and the metal along with a century of tradition to be sold by the ton to the highest bidder.
At the risk of his job Charles Vermot simply could not face the thought of seeing his production equipment destroyed and hide all essential tools and components. Just nine years later the entire set of the lost equipment was back in place. Without his courageous act, the brand’s very survival would have been in jeopardy.
In the early 1980s, a press alone cost over 40,000 francs and it takes over 150 of them to make an el Primero meaning a total of 7 million Swiss francs. Zenith’s financial, technical and human investments could thus have been swept aside in one stroke.
During its 41-year history the total of all el Primero movements ever made (including the hundreds of thousands found in the Rolex Daytona 16520) add up to only 600,000; by contrast over 1,000,000 Valjoux 7750 movements are made each year.
Zenith is a luxury Swiss watch manufacturer founded in 1865 by Georges Favre-Jacot at the age of 22. Zenith was purchased by LVMH in November 1999, becoming one of several brands in their watch and jewellery division.
Zenith has a long reputation for the quality and precision of their watches. It is one of the few Swiss watch manufacturers that still produces their own movements in-house, including the Zenith el Primero – one of the first automatic chronograph movements from 1969.