Christie’s has announced that Patek Philippe sets new records for the prices of luxury watches at the Important Watches Sale held earlier this week.

90% of the lots offered were sold with twelve buyers from four continents competed for the two top lots.

The top lot, which was bought by a Swiss Private Museum, was a Patek Philippe stainless steel perpetual-calendar wristwatch which went for a whopping $4,016,500! The watch features phases of the moon, a magnetic balance and Arabic numerals. It set a new world record for [Read more →]