Patek Philippe leads the field once again at Christie’s coming watch sale in New York. Nine of the top ten estimated lots at the June 13th sale are from the celebrated Swiss watch producer, led by a rarity manufactured in 1963, an 18K gold world-time wristwatch with two crowns that’s expected to fetch $700,000-$1.2m.
Update: the Patek Philippe sold for $1m, a world record for the model, ref.2523/1, and the highest price ever achieved for a watch at Christie’s Americas. Christie’s described the anonymous buyer as an “international” collector.
Another high-value wristwatch is an 18K pink gold split-seconds Patek Philippe chronograph with a two-tone silvered sector dial. Produced in 1950, with a mechanical movement, it’s estimated at $300,000-$500,000. Expected to be a bit less valuable is an 18k gold perpetual calendar chronograph with moon phases manufactured in 1980. Christie’s anticipates a price of $250,000-$350,000.