Breaking News: Monumental Patek Philippe Calibre 89 Fails to Find Buyer
The star of the first day of the spring Geneva watch auction season was undoubtedly the Rolex ref. 6062 “Bao Dai”, owned by the last Emperor of Vietnam and now worth a mega US$5m.
But the second day’s highlight is a far more monumental watch, the 33-complication, double-faced Patek Philippe Calibre 89 in yellow gold, which just went unsold.
The saleroom in Geneva’s Mandarin Oriental was stacked with prominent personalities including collector Claude Sfeir, Antiquorum founder Osvaldo Patrizzi, Singapore retailer Michael Tay, as well as Christie’s watch department head John Reardon.
Opening the bidding at SFr5.9m, the auxtioneer nudged the price upwards in SFr50,000 increments. But after several pregnant and the auctioneer’s valiant efforts while raising the price to SFr6.45m – the low estimate was SFr6.5m – the Calibre 89 passed.