Sotheby’s Sold $8.75 Million Worth of Rare Watches in Geneva
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Sotheby’s sale of Important Watches, held on May 15 in Geneva was a big success. Some truly outstanding timepieces were sold at the event, totaling the impressive sum of $8.75 million. The sale featured watches from 1580 to today.
The star of the event was a very rare yellow gold Patek Philippe chronograph (circa 1960) with moon phases, perpetual calendar and Tachometer, which sold for a whopping $815,637. The wristwatch was expected to fetch between $665,000 and $1,100,000.
The most impressive sale among pocket watches was a rare 1809 Breguet & Fils open-faced chronometer which amazed everyone when it sold for $124,745. This was way over the previous estimates of $13,300 to $19,900. Pocket watches alone brought in over three million dollars in sales.