Record-Breaking $2.25 Million Patek Philippe Grand Complication Highlights Christie’s Important Watch Sale

Christie’s New York’s June 11 auction of Important Watches earned in excess of $7.9 million, highlighted by a Stephen S. Palmer Patek Philippe Grand Complication selling for more than $2.25 million.

The sum represents a world record for a Patek Phillipe Grand Complication, as well as the highest amount ever garnered for a watch at Christie’s New York and the highest achieved for a watch to date in 2013. The 18k pink gold watch features grande and petite sonnerie and moon phases.

Photo courtesy of Christie’s 

Another highlight of the auction was the Rolex, Reference 5036, a rare triple calendar chronograph wristwatch in 18k pink gold with a two-toned silvered dial, which sold for $171,750.

“Today’s auction marked an unparalleled event at Christie’s New York flagship saleroom in Rockefeller Center,” said Aurel Bacs, international head of watches, in a statement. “The sale of Stephen S. Palmer Patek Philippe Grand Complication, No. 97912 cements Christie’s leadership in the category of the world’s most exceptional and rare timepieces.”