70 year-old gold watch to be auctioned at 18 karat, worth Rs 99 crore, Hong Kong

70 year-old gold watch to be auctioned at 18 karat, worth Rs 99 crore, Hong Kong

HONG KONG

A 70-year-old rare hand clock has been put up for auction at Christie's Auction House in Hong Kong City.  It is currently priced at Rs 99 crore.  According to the auction house, this watch in pink is named Patek Philippi. The watch is made of 18 carat gold.

It is worth mentioning that this price is the highest cost so far.  He will be held for auction on November 27.  The most expensive watch before this is the Daytona Rolex, which auctioned for Rs 75 crore. More info www.happytohelptech.in visit for all education news update

A rare 1950s Patek Philippe timepiece is coming up for sale in a Christie's auction in Hong Kong that risks taking place against the backdrop of political demonstrations that have hit new watches of sales.


The 18-carat pink gold Patek Philippe is a rare translucent blue enamel dial and is known by the name of the 177-year-old Milan-based shop where it sold, Gobbi.  The price estimate is $ 7 million to $ 14 million, which Christie's says is the highest for any wristwatch offered in an auction.

The sale is scheduled for Nov.  27, and it continues a trend in which auctioneers are increasingly offering prestigious lots in Asia to tap demand by collectors in China, the world's largest market for Swiss watches.  Christie's is showing the timepiece along with other lots to journalists in Hong Kong on Monday to drum up interest.


70 year-old gold watch to be auctioned at 18 karat, worth Rs 99 crore, Hong Kong