Einstein’s Watch Fetches 2,000% Over Estimate

A watch owned by famed physicist Albert Einstein sold for $596,000, 2,000 percent over its pre-auction estimate, at Antiquorum Auctioneers’ Oct. 16 Important Collectors’ Wristwatches, Pocket Watches & Clocks sale. The sale of Einstein’s timepiece—made in 1930 and presented to him in 1931—set a world record for a Longines wristwatch at auction and capped a round of what Antiquorum called “frenzied bidding.” Antiquorum’s first auction of the 2008 fall season took in nearly $9.9 million for 404 timepieces, it reported. About 33 percent of the lots were sold via the Internet. Also noteworthy was the sale of a 1956 yellow gold Patek Philippe watch for more than $1.5 mil-lion. Vacheron Constantin also did well with a Malte Perpetual Calendar Minute Repeater that sold for $260,000 and a Skeleton Minute Repeater in rose gold that went for $282,400. A Rolex Black Diamo
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