Patek Philippe Caliber 89 Grand Complication Pocket Watch Fails To Sell At Geneva Watch Auction

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robert august.

Watches, regardless of whether they were designed to be worn on one’s wrist or carried in the pocket, can be unbelievably complicated, irresistibly desirable and, consequently, very expensive. The best of the best, one is often led to believe, are the ones fetching top prices either by selling well above the suggested retail price in stores, selling out online in a matter of hours, or fetching stratospheric prices at auctions. However, desirability and, hence, perceived value are just that: perceptions, and they can change rapidly – as was last testified when one of four ever Patek Philippe Caliber 89 Grand Complication pocket watches quietly failed to sell a few days ago at the Sotheby’s May 14th, 2017, “Important Watches” auction in Geneva.

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