Patek Philippe Nautilus Sets New Sales Record for Watch Auctioned Online
April 16, 2020 by Emili Vesilind
"Sotheby’s has only just begun hosting weekly online watch auctions—the auction house debuted its virtual sales program April 1. But it’s already produced a record sale. A 2014 Patek Philippe Nautilus fetched $484,000 this week, making it the most expensive watch ever sold in an online auction. The watch—ref. 5711, in platinum with a Blue Jeans dial—was one of 30 vintage and modern wristwatches by Patek Philippe in the sale.
The first auction included 19 Rolex wristwatches and rare pieces by Audemars Piguet. Major moments from that auction included the sale of a 1968 Rolex Paul Newman Daytona, ref. 6241 in stainless steel, for $306,518 and a circa-1975 Rolex Daytona, ref. 6263 in stainless steel, made for Mohammed bin Rashid Al Maktoum that went for $258,000. (Read about the most expensive watch ever sold at auction, Paul Newman’s actual Daytona, here).
The weekly watch auctions have lured a new and young clientele, Sotheby’s said in a prepared statement: 54% of participants for the first two sales were either ... "
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