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A selection of unique Patek Philippe watches grouped together as “The Titanium Collection” sold for a collective $7.1 million Tuesday, surpassing the pre-sale high estimate of $4.9 million.
Patek Philippe watches constituted the top four highest-grossing lots at Antiquorum’s recent sale in Geneva, with two of the brand’s models setting new world auction records.
Investment firm Fides Business Partner has made a “strategic capital investment” in Antiquorum Auctioneers, the timepiece auction house announced recently.
A Rolex Ref. 6263 “Paul Newman,” named after the actor-turned-racer, sold for $231,750 at Antiquorum, more than three times its pre-sale high estimate.
Yet another watch from Patek Philippe topped a global auction and set a new world record for one of the brand’s references when it sold for $866,667 at Sotheby’s Hong Kong Tuesday.  
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.