Patek Philippe sale sets U.S. record at Antiquorum

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Patek Philippe sale sets U.S. record at Antiquorum

June 18, 2007

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New York—A Patek Philippe sold for $1.24 million at Antiquorum New York's summer auction, setting a record price for the sale of a wristwatch in the United States, the auction house reported.

The watch, a "Pink Gold Sky Moon Tourbillon" (lot 289), is a gentleman's double-dialed chronometer in 18-karat pink gold, featuring a perpetual calendar with fly-back retrograde date, nocturnal sky chart of the northern hemisphere, moon phases and lunar orbit, time of the meridian passages of Sirius and the moon, solar mean and sidereal time indications.

The June 14 auction realized a total of more than $8.58 million. Eighty-five percent of lots sold, with bids coming from all over the world, including Italy, Malta, the Netherlands and Singapore.

Audemars Piguet and Harry Winston also did quite well, in addition to strong results from Patek. An Audemars "Royal Oak Concept" (lot 107), an alacrite gentleman's wristwatch with visible one-minute tourbillon regulator, sold for $232,400, and a Harry Winston "Platinum Opus 4" (lot 109), a rare and unusual double-dialed and reversible platinum gentleman's wristwatch, fetched $232,400.

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