"$1.2 Million Patek Philippe Up for Auction
Posted Oct 16th 2008 10:02AM by Jared Paul Stern
Filed under: Timepieces, Auctions
At Antiquorum's Important Collectors' Wristwatches, Pocket Watches & Clocks auction in Manhattan today, a rare and important 1956 Patek Philippe chronometer is expected to fetch up to $1.2 million.
The 18K yellow gold watch has a square button chronograph, 30-minute register, perpetual calendar, moon phases, and special tachometer dial, and comes accompanied by an additional Patek Philippe 18K yellow gold link bracelet, fitted box and the extract from the watchmaker's archives.
This is the priciest Patek we've seen since the Sotheby's auction we told you about in May that featured an oversized chronograph formerly owned by dashing Italian racecar driver Count Felice Trossi.
The Antiqorum sale also features an astronomic, water-resistant, platinum and diamond Patek chronograph with registers, perpetual calendar and moon phases, estimated at $280,000 - $340,000."
Information Courtesy Of: Luxist.Com
CHRIS LIVE AKA SHAKER SAYS: Amongst those in the "know" (of which, after reading this entry, Y.O.U. may now count yourself inextricably a part of) the name Patek Philippe denominates class and a history of high complication watches dating back to the mid 1800's. In fact, only the "master of complications", Franck Muller, rivals this company which pioneered the chronograph, the perpetual calendar and the minute repeater.
The watch featured here is special, but even your run-of-the-mill Patek can easily run Y.O.U. upwards of $12,000 USD and that's for the light models ... lol. Don't even sweat the "Sky Moon Tourbillon" series ... that's another tax bracket altogether right there ... lol.
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