A wristwatch belonging to an Italian mogul who takes pride in having won Grand Prix races and was president of Ferrari generated a sales of £1.1million against its pre-auction estimate of $1.9 million after selling off his gold Patek Philippe timepiece at Sothey’s Geneva auction house.

Count Carlo Felice Trossi’s priciest possession called the “Trossi Leggenda”, described as “really revolutionary” by experts, was the highlight amidst the other 200 timepieces. Trossi by profession was a racing driver, pilot and speedboat racer whose motor-racing triumphs count the 1947 Italian Grand Prix. Besides this another gold Rolex known as “Oyster Daytona Paul Newman” dating back to 1980 got sold for £76,000 almost two-fold of its pre-auction estimate of £25,000 to £40,000. The watch was christened after the Florida car race and for the American actor who helped promote this style.

Via DailyMial

Hilter’s Favorite Grand Prix Machine Makes It To The Bonham’s Exhibition
12:03 am Saba June 2, 2009

Patek Philippe “Trossi Leggenda” Chronograph May Fetch $1.9 mn at Sotheby’s
8:54 pm Zolamarquis May 7, 2008
Exhibiting around 200 lots, the highlight of the auction scheduled in Geneva for 11 May is the "Tro

Bonhams Unveils Awesome Vintage Racers
12:16 am Vlad June 26, 2009
Goodwood Festival of Speed is one of the most illustrious celebrations of motoring in the entire Un

Tighten Your Seat Belts On The Xbox 360 Ferrari Seat
4:55 pm Saba November 27, 2008
Gaming has always given us that adrenaline kick in our otherwise eventless lives. And if you want t

First Jaguar D-Type Fetches £2.2 million
11:45 pm Zolamarquis July 13, 2008
International fine art auction house Bonhams lately inked a new world record for sales generation o