Tuesday, July 27, 2010

Patek Philippe Watch Nets Record Price at Auction

A one-of-a-kind 1943 Patek Philippe yellow gold wristwatch, considered the
Mona Lisa of 20th century wristwatches, sold for a record-breaking price at
auction on May 10. The timepiece, a perpetual calendar with moonphase
display, surpassed initial estimates of US$1.5-million to US$2.5-million
Swiss francs and sold for US$5.7-million at the Christie’s International
auction in Geneva. This is the first time in 20 years this model has been

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