Buyers went crazy last night at Sotheby’s watch auction of the collection from Reginald H. Fullerton Jr. and his grandfather Henry Graves Jr. The sale racked in a total of $8.4 million.A Patek Philippe 18K yellow gold tonneau wrist watch that belonged to Fullerton and has the Graves family coat-of-arms sold for $2.99 million. The movement of the watch is from 1895 and the case from 1927.
At that hammering price, it’s the most expensive watch to ever be sold at Sotheby’s.
The second-highest lot didn’t crack a million, selling for $722,500. The piece was another Patek Philippe 18k gold calender wrist watch that is very rare.
This spring, watches sold at Sotheby’s brought in $14.8 million in sales, a decent peg above the estimated $14.1 million.
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