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Pocket watch fetches over $1 million at auction!
Antiquorum's "Important Collectors' Wristwatches, Pocket Watches and Clocks" sale saw its top lot sell for $1.021 million.
The reigning sale of the Oct. 16 auction was an ultra-complicated pocket watch in 18-karat gold made by Patek Philippe in 1924. The piece features a double chronograph, independent split-second function and American perpetual calendar at 6 o'clock.
Overall, 80 percent of the sale's 371 lots sold for 150 percent of their collective estimated value, according to an Antiquorum release issued Oct. 16. Bidders hailed from Taiwan, Hong Kong, China, Russia and more, utilizing phone, online and written bids generated prior to the sale, which brought in a total of $10.4 million.
Other top sales included a pink gold Patek Philippe World War II-era military wristwatch made in 1942 that garnered $621,206; a Tiffany & Co. gentleman's wristwatch circa 1955 made from 18-karat yellow gold that sold for $304,474; and a Cartier clock made in 1925 and crafted from 18-karat gold, platinum, black onyx and rose diamonds that fetched $295,914.
