Watches Bring in Record Sale at Sotheby’s Auction

A Patek Philippe 18k gold watch raked in $482,500 as part of Sotheby’s New York’s record $8.8 million Important Watches & Clocks auction Dec. 6. The watch is one of the earliest and rarest world time watches known to exist.

“We are very pleased with today’s record result for New York,” said John Reardon, head of Sotheby’s watches department in New York. “Our strategy as a team has been to focus on the client experience, both for our buyers and consignors, and the diverse offering we presented them resulted in a range of global interest that included top buyers from Asia to the United States, Europe, and Africa.”

A platinum Tonneau automatic minute repeating perpetual calendar wristwatch with retrograde date and phases of the moon also went for $482,500.

A pair of complementary silver-gilt enamel and pearl center seconds watches circa 1860 more than tripled its estimate, bringing in $236,500.

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