Patek Philippe Gold Watch Fetches $818K at Sotheby’s Watch Sale

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Patek Philippe Gold Watch Fetches $818K at Sotheby’s Watch Sale

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This classy Patek Philippe watch turned out to be the star of the auction. Here's how it went. 8-)

Patek Philippe Gold Watch Fetches $818K at Sotheby’s Watch Sale
December 17, 2020 by Emili Vesilind

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"Sotheby’s Important Watches auction on Tuesday in New York brought in $10.4 million, and a rare 18k yellow gold Patek Philippe watch became the sale’s superstar lot.

The sought-after Patek Philippe reference 2499 watch was originally retailed by Tiffany & Co. and sold for $818,600 (its sales estimate was $500,000–$800,000). It was the first time the watch appeared on the auction block. The timepiece was produced in 1981 and features a personal inscription, “Patek Philippe,” on its folding clasp.

Another rare watch, an Audemars Piguet Royal Oak Grand Complication with a salmon dial, was also on auction for the first time, and fetched an impressive $441,000. Meanwhile, a unique vintage clock, a Charles Frodsham & Co. Ltd. open-faced minute repeating split-second chronograph originally owned by J.P. Morgan Jr. (and on offer through the estate of Alexandra McCain Morgan) went for $201,600.

The auction lured nearly 400 bidders online and over the phone. And two lots—a Patek reference 3800/1 wristwatch and a Rolex “Hulk” Submariner reference 116610LV (it’s green!)—enticed 48 and 40 distinct bidders, respectively. Twenty-seven percent of the auction’s final buyers were new to Sotheby’s, and 36.2% of bidders were under the age of ... "

https://www.jckonline.com/editorial-art ... -sothebys/
PinkDiamond
ISG Registered Gemologist


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