Patek Philippe Watches Shine at Phillips Geneva Watch Auction
The Phillips in Association with Bacs & Russo Geneva Watch Auction: Four sale was held in Geneva, Switzerland on November 12 and 13, 2016. A stainless steel Patek Philippe reference 1518 was the auction’s top lot and set a new world record for the most expensive wristwatch ever to sell at auction.
The rare, perpetual calendar, chronograph time piece was sold after a 13 minute bidding war and fetched more than three times its initial pre-sale price estimate.The watch, which features a moon phase indicator, Arabic hour markers, tachymeter scale and bracelet, sold for more than $11 million (CHF 11,002,000).Patek Philippe watches proved popular at the auction and this perpetual calendar chronograph sold for $603,980 (CHF 598,000).A pink gold Patek Philippe perpetual calendar chronograph wristwatch also sold for $1,488,740 (CHF 1,474,000).The Patek Philippe reference 1463 is a stainless steel chronograph wristwatch with two tone silvered dial and tachymeter scale.A stainless steel Rolex wristwatch named “Big Crown” was also among the sale’s top ten lots. It features a tropical brown “four liner” dial and bracelet and sold for $567,620 (CHF 562,000).
