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The late great watch designer's own brand watches have leapt in value with one piece selling for $500,000 at a Christie's online auction.
First looks at the pictures, prices, style and features of the 2021 family of Patek Philippe Nautilus watches.
Phillips in Association with Bacs & Russo has valued a previously unknown Patek Philippe world timer at over CHF 3.5 million ($3.7 million).
Christie's is expecting its Watches Online: Dubai Edit auction, which is live now and runs until April 8, to generate up to $15 million from sales of almost 200 lots.
Patek Philippe made no fewer than 13 out of the 22 watches that sold for more than CHF 1 million ($1.07m) at auctions by Phillips, Christie's and Sotheby's last year.
By the end of 2019, eight watch brands had sold watches worth over $1 billion in calendar year and two more were knocking on the door. Covid-19 has shrunk the billionaire club to six.
Hot on the heals of Patek Philippe confirming that its Nautilus 5711 will be discontinued this year, the rumor mill is now suggesting that the 5712A will also be culled.
Counsel for C. D. Peacock in Chicago describes lawsuit from former employee as “a corporate shake-down”.
Authorized retailers will receive the replacement watch in 2021, WatchPro was told today.
Watchmaker's president Thierry Stern reveals that supply fell by almost as much as sales during the pandemic year.