Connect with us

Headlines

Patek Philippe Watch Sells for $11M — a World Record

It was made in 1943.

mm

Published

on

A Patek Philippe Reference 1518 in stainless steel has sold for $11 million, a world record price for any wristwatch at auction.

The purchase was made at Geneva Watch Auction: FOUR, which ran Nov. 12-13. A total of 177 watches were sold for a total of about $27.8 million, according to watch auction house Phillips in Association with Bacs & Russo.

The rare Patek Philippe watch “captivated the saleroom and ignited a bidding war of 13 minutes,” according to Phillips. It’s a perpetual calendar chronograph watch with moon phase that was made in 1943.

“Its world record result is a strong testimony that the watch market is universally accepted as an important pillar of the international art collector community, and that Phillips’ strategy focusing on watches of the finest quality is the winning formula,” said Aurel Bacs, senior consultant with Phillips.


Read the full press release

Advertisement

Patek Philippe Watch Sells for $11M — a World Record

Advertisement

SPONSORED VIDEO

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”

Promoted Headlines

Most Popular