news


Patek Philippe watches at auction

October 2001




Following exceptionally strong results at auctions during the last few years, Patek Philippe has continued to attract impressive bids during the 2000-2001 sales, crossing the million-dollar threshold on two occasions. The collector community's interest in the Geneva watch brand is greater than ever, particularly for complicated wristwatches, because they are rare and unique timepieces of utmost quality.

In 1999, the world listened with awe when a 1923 round Calatrava men's watch with a split-seconds chronograph fetched the incredible price of US$ 1,918,387 at an auction. This rare 18K yellow gold timepiece established a new global record for a wristwatch. In December of the same year, the famous super-complicated pocket watch which had belonged to Henry Graves changed hands for more than 11 million dollars. These extraordinary results clearly confirm the increasing interest of collectors in pocket watches and rare timepieces made by Patek Philippe.

Read the full text in our Auctions section
Source: Patek Philippe press release
Sept. 2001