Patek Philippe Ref.3974 Breaks Auction Records, Selling For $902,500

A platinum Patek Philippe watch has set a new record for the highest amount ever paid for a single-dial Patek Philippe Ref. 3974, according to National Jeweler and New York auction house Antiquorum.

An American bidder paid $902,500 for the rare luxury watch crafted in 1992 and first sold in November of that year. It features a perpetual calendar, leap year indication and moon phases.

Additionally, the Ludovic Ballouard Upside Down Watch in platinum sold for $27,500, three times the estimated value.

Part 1 of Antiquorum’s April auction, Important Modern Vintage Timepieces, featured 404 watches and was sold at 117 percent value. The second part of the sale will take place June 12.

Source: Platinum Today

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Seth Semilof co-founded Haute Living and, with business partner Kamal Hotchandani, launched Knockoff Watches Wholesale, the brands' luxury timepiece site, to educate buyers about the best watches in the world and to showcase the passion of collectors and the CEOs who lead the great maisons. His love of watches began early: a TAG Heuer at 13, an Omega at 16, and his first Rolex at 20. Through Knockoff Watches Wholesale he has been honored to visit the greatest watch manufactures in the world and meet the master watchmakers behind them. He has also personally featured private collections exclusive to Knockoff Watches Wholesale, taking readers inside the watch boxes of Kevin Hart, Carmelo Anthony, Tony Robbins and Swizz Beatz.