Christie’s sells rare Patek Philippe watch for $600K

Exceptional 18K pink gold Patek Philippe chronograph wristwatch retailed by Serpico Y Laino, Caracas, Venezuela, ref. 1463, made in 1950. Sold for $600,000. Christie’s image

NEW YORK – A 70-year-old Patek Philippe watch sold for $600,000 on Dec. 10, establishing the record for the most valuable watch ever sold in a Christie’s online auction. View the fully illustrated catalog on LiveAuctioneers.

The magnificent Patek Philippe reference 1463 watch (above) in pink gold was retailed by Serpico Y Laino in the early 1950s.

Patek Philippe 18K gold, Nautilus, ref. 3800, circa 1999. Sold for $312,500. Christie’s image

Three additional auction records were set including the world auction record for a Patek Philippe Nautilus reference 3800 (above), which achieved $312,500; a Cartier “Crash” in yellow gold that sold for $225,000, over three times its estimate; and the F.P. Journe Platinum, Chronometre Souverain, De Boulle Edition, No. 547-Cs, which sold for $100,000, over four times its estimate.

Stainless steel Rolex triple calendar chronograph wristwatch with bracelet, Jean-Claude Killy model, ref. 6236, circa 1958. Sold for $312,500. Christie’s image

Other notable results included a Patek Philippe reference 2499 in yellow gold that realized $512,500; a magnificently preserved Rolex reference 6236 (above), now known as “Jean Claude Killy” named after the Olympic champion skier and Rolex ambassador, which sold for $312,500; and a rare stainless steel Rolex “Paul Newman Panda” ref. 6263 with tropical dial (below) that achieved $400,000.

Rare stainless steel Rolex chronograph wristwatch with tropical ‘Paul Newman Panda’ dial and bracelet, ref. 6263, circa 1971. Sold for $400,000. Christie’s image

Christie’s Rare Watches New York: Online auction achieved a total of $7.7 million with 83% sold by lot, 100% sold by value, and 102% hammer above the low estimate.

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