Christie's makes rare watch sales

First published: 14-05-2009

The Patek Philippe timepiece automatically adjusts to the leap year and had been valued at between one million and 1.5 million Swiss Francs (£595,000 to £892,000).

Another Patek Philippe sale at the Geneva watch auction also caught buyers' attention.

The rare chromed nickel watch was sold to a Swiss Private Museum for 1.9 million Swiss Francs (£1.3 million) - nearly four times its estimated value.

Five other Patek Philippe watches were sold at the auction.

Commenting on the event, international co-heads of Christie's watch department Aurel Bacs and Tim Bourne said the result underlined the effectiveness of the auction house as a means to sell rare watches.

They said: "A well attended sale attracted a significant number of registrants (764) and generated bidders from all of the world throughout the day.

"The sale also offered one of the largest selections of Rolex watches seen at auction in recent years, resulting in over 90 per cent sold by lot and setting numerous new auction world records."

Christie's will be holding its next watch auction in Hong Kong on May 27th.

© Copyright WATCH SHOP UK - DO NOT COPY

Related articles

How to choose the right fitness watch for you

Posted: 01-05-2019

How to choose the right fitness watch for you. Honest reviews and insights from the UK’s no.1 online watch retailer, Watch Shop.

Spring Style Edit

Posted: 05-04-2019

Watch Shop brings you the lowdown on all the latest style trends and insights in the new Spring Style Edit. Top picks, hot sellers, Easter gifts and more.

Spring forward with the clocks changing this weekend

Posted: 28-03-2019

7 surprising facts about Daylight Saving Time

Sunday 31st March Mother's Day Gift Ideas The Watch Shop Guide

Posted: 19-01-2019

Watch Shop has curated the perfect selection of Mother’s Day gifts. Find designer inspiration from timeless watches to beautifully crafted jewellery – spoiling Mum has never been easier!