The most anticipated moment of the watch auction season came on Saturday morning after a fairly intense auction.
A single Patek Philippe Nautilus Ref. 5711 in blue Tiffany & Co., one of 170 pieces signed by both watchmaker and retailer, sold at Phillips this morning for a hammer price of $ 5,350,000, or $ 6,503,500 with the purchase bonus. It was stiff competition with bidders from all over the world quickly throwing their paddles away. Auctions started at $ 20,000, hit the $ 50,000 mark in seconds – the coin sells for $ 52,635 – before jumping to $ 300.00, $ 400,000 and $ 500,000. And so he continued to climb ascending into the millions.
âI think I have several obstacles on my piece of paper that I want to hit with this lot,â auctioneer Aurel Bacs said during the auction.
Customers from all over the world called, but there was also an intense auction in the room. A well-dressed man in a camel-colored coat stood on the back of the floor aggressively bidding on the coin, but as it went over $ 5.1 million he hesitated and acted as if he was going to walk. “Where are you going?” Bacs said before joking, âFor breakfast? At Tiffany’s? eliciting laughter from the crowd. In the end, that bidder didn’t finish the show for the audience. A remote bidder in Miami won. the in-your-face watch – and you can bet this customer will have no problem being spotted in the eggshell blue color that is the signature of the American jeweler.
Proceeds from the sale of $ 6.5 million will be donated to The Nature Conservancy, a global environmental organization based in Arlington, Virginia. For the rest of you looking to get your hands on what would be the final version of the famous Ref. 5711 Nautilus at a much more affordable (relatively speaking) retail price, you’ll need to start talking nicely with your Tiffany’s salesperson, assuming you don’t already have them on speed dial. Mere mortals will have to wait and get their hands on one in high school and expect to shell out a pretty heavy sum. Good hunt!