Skeletonised Patek Philippe chronograph is the Highlight of Sotheby’s Hong Kong auction

After a successful launch in Australia, Sotheby’s is now going to dazzle Hong Kong with a collection of 330 rare and watches meant for auction in Hong Kong. Sotheby’s created waves in Australia for its first Red diamond. It was touted as a rare red diamond and first of its kind to be offered for public auction in Australia. Argyle Diamonds have attested the stone’s rarity. The value of this piece of jewelry was estimated between US$645,065 to US$921,556.

The auction at Hong Kong is estimated to bring revenues upto $4.5million. Three Patek Philippe chronographs are going to be the centre of attraction in the event. The most popular out of the three is the 1970 skeletonised Patek Philippe crafted in 18carat yellow gold and coated with diamonds. The watch is expected to get around $386millions in the bid. Sotheby’s Asia CEO Kevin Ching is quite optimistic about the success of the auction.

The other two Patek Philippe chronographs consist of an exquisite platinum and diamond-set watch. They are estimated to fetch between $200,000 to $258,000. A 22carat white gold watch will also be part of the auction. It is equipped with moon phases and a sky chart and its estimated value is around $180,000-$230,000.

Via: PaulFraserCollectibles

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