![]() ![]() The watch (Lot 2568-97), manufactured in 1963, contains the Caliber 12-400 mechanical movement, with 18 jewels and double-stamped with the Geneva Seal. 2523/1, fetched not only the highest price ever for that reference, but also the highest for any wristwatch ever sold at Christie’s New York. This watch also set a world record price for the reference: $2,992,680 after an estimate of $1,800,000 to $2,800,000.Īnother record-setting Patek Philippe world-time wristwatch with two crowns, an 18k gold, 36-mm-diameter Ref. The case is 35.5 mm in diameter and has faceted lugs and a snap-on back. ![]() The outer silvered ring of the cloisonné enamel dial displays the names of 42 world cities. 12-400 HU, which is stamped twice with the Geneva Seal. The similarly designed 18k gold wristwatch (Lot 1388_88, Patek Philippe Reference 2523) was made in 1955, features two crowns (the one at 9 o’clock is used to adjust the world time function), and contains Caliber Cal. At a final sale price of $741,960 (estimated at $220-$440,000), it set a world record price for this reference at auction. Manufactured in 1950, the watch is signed on the case, dial, and movement. The watch has a coin-edge bezel and a snap-on caseback. It has applied gold baton and dot numerals, stylized gold hands, an outer ring with black enamel names of 40 world locations, and a rotating black and silvered ring, calibrated for the Arabic diurnal and nocturnal 24 hours, in the center. The pocketwatch (Lot 1388_87, Patek Philippe Reference 605) is an 18k gold keyless watch, 44 mm in diameter, containing mechanical Caliber 17”’170, with 18 jewels. ![]() Several of these milestone timepieces were from Patek Philippe, including two pieces - one a wristwatch and the other a pocketwatch - that depict a map of the North American continent on their cloisonné enamel dials. Of its top 10 watch sales of the first half of 2012, Christie’s reports that half shattered major auction records to date. Pointing to rare timepieces as a sound investment, Christie’s posted a five percent increase in revenue from watch sales alone, topping off the first half of 2012 at $62.9 million. Christie’s, the world’s leading auction house, recently reported a boost in global sales for fine, rare and unique watches. Much of the world’s economy may still be in the doldrums, but the secondary market for fine timepieces appears to be in good health. ![]()
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