Home / Knowledge / News / Fashion / Patek Philippe auctioned for a record $2.2 million at Sotheby's

Patek Philippe auctioned for a record $2.2 million at Sotheby's

12
May '08
The first evening sale of Important Watches to take place at Sotheby's in Geneva tonight realised an exceptional total of CHF 10,904,000 ($10,401,435). The auction reached its climax in front of a packed saleroom when a Patek Philippe chronograph wristwatch, formerly in the collection of Count Carlo Felice Trossi, sold for the outstanding amount of CHF 2,345,000 ($2,236,919), becoming the most expensive wristwatch sold by Sotheby's.

Alexander Barter, Deputy Worldwide Head of Watches, Sotheby's International, said: “Organised for the first time as a special evening event, tonight's sale totalled a tremendous CHF 10,904,000 ($10,401,435) representing the highest total ever achieved in this category at Sotheby's Geneva.

Tonight's result follows other successful watch sales at Sotheby's during the 2008 spring season – on April 10th, Sotheby's Hong Kong held its highest ever value watch sale, while on April 23rd, Sotheby's New York broke its record for a various-owner sale - demonstrating the continuing strength of the global watch market. These results also reflect the strong international demand for wristwatches of excellent quality and impeccable provenance, as well as the expertise of Sotheby's worldwide team in sourcing the most sought-after time pieces”.

Geoffroy Ader, Head of Watches, Sotheby's Geneva, and this evening's auctioneer, added: “After having sold the most expensive Rolex Daytona in New York and the most expensive modern wristwatch in Hong Kong last month, we are delighted tonight to have achieved the highest price for a wristwatch sold at Sotheby's with the Patek Philippe 'Trossi Leggenda'.”


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Oct 2020

Ascent to full recovery likely to be long, uncertain: IMF

The ascent to a full economic recovery will likely be long, uneven...

Pic: Shutterstock

Textiles | On 28th Oct 2020

Pak trade bodies demand duty-free cotton yarn export

Pakistan's value-added textile exporters have urged the government to ...

Pic: Shutterstock

Retail | On 28th Oct 2020

C&A avoids over 116,000 metric tons of GHG emissions

During 2019, C&A avoided more than 116,000 metric tons of greenhouse...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Martina Giorgetti,

Martina Giorgetti

Italy-based Cibitex is a manufacturer of textile finishing machinery,...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search