A Patek Philippe wristwatch was the top seller at a recent Sotheby’s watch sale in Geneva, where it made CHF 368,300 ($442,962).
The Nautilus stainless steel and diamond-set automatic timepiece sold within its presale estimate at the May 11 auction, the company said Sunday.
In total, the event garnered CHF 6.7 million ($8.1 million) with 78% of the lots finding new owners, selling often close to, within or higher than their estimates. Several items were from famous designers such as Patek Philippe, Cartier and Rolex.
Some 33% of buyers were under the age of 40, indicating the growing interest of younger collectors in watch auctions and buying unique and established brands, Sotheby’s noted.
“This sale continues to demonstrate that watches in great condition with rarity and differentiating and/or unique features are the most likely to do well,” the auction house added.
Here are some of the top items:
Main image: The Patek Philippe watch. (Sotheby’s)
