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Watch fetches more than $6 million at New York auction
Nypost ^ | 12/11/2021 | Isabel Vincent

Posted on 12/11/2021 11:40:40 AM PST by ChicagoConservative27

A limited-edition Patek Philippe watch designed in conjunction with Tiffany’s sold for more than $6 million at auction Saturday.

Bidding was fast and furious for the Patek Philippe 5711 1A-018 timepiece at a live Phillips auction on Park Avenue.

The watch, which features a Tiffany & Co. signed dial, sold for $5,350,000, with the auction house premium taking the total price tag to $6,503,000. The winning bid was made by an unnamed New Yorker, who was bidding online, according to a report.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: auction; chat; million; newyork; notnews; watch
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Even if I have that kind of money, I don't think I'd spend it on a watch. What makes a watch worth that much in the first place?
1 posted on 12/11/2021 11:40:40 AM PST by ChicagoConservative27
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To: ChicagoConservative27

Just like all the junk I have collected over the years . . . you can’t take it with you.


2 posted on 12/11/2021 11:44:49 AM PST by Maudeen (You are either one with God or one with satan. There are no fence sitters in Heaven. Choose Jesus!)
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To: ChicagoConservative27

Hopefully it tells the time accurately. The blue isn't the greatest IMO. Where's' the gold-trimmed round watch. Much nicer looking IMO.

3 posted on 12/11/2021 11:44:55 AM PST by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: ChicagoConservative27

Anything, watch or otherwise, is only worth what someone else is willing to pay.

This is why I don’t buy new cars. Instant depreciation after you buy shows it wasn’t worth what you paid in the first place.


4 posted on 12/11/2021 11:47:20 AM PST by JohnEBoy
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To: ChicagoConservative27
Even if I have that kind of money, I don't think I'd spend it on a watch.

Meet me in the parking lot of Sal's Junkyard at 12:30 Sunday morning, and I can get you one for only $55,000. Bring cash. Be alone.

5 posted on 12/11/2021 11:47:31 AM PST by Lonesome in Massachussets (Diana Moon Glampers for Secretary of Education! )
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To: ChicagoConservative27

“Even if I have that kind of money, I don’t think I’d spend it on a watch. What makes a watch worth that much in the first place?”

OP should read and comprehend articles posted.


6 posted on 12/11/2021 11:50:51 AM PST by TexasGator (UF)
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To: ChicagoConservative27

Does it take a lickin’
And keep on tickin’?


7 posted on 12/11/2021 11:55:49 AM PST by left that other site (A Man Without Self-Control is like a City Broken Into and Left Without Walls (Proverbs 25:28))
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To: JohnEBoy

“This is why I don’t buy new cars. Instant depreciation after you buy shows it wasn’t worth what you paid in the first place.”

The 2016 Mustang I bought new now retails for more than I paid for it!


8 posted on 12/11/2021 11:57:04 AM PST by TexasGator (UF)
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To: ChicagoConservative27

I just bought an Apple watch knock off/fake on Amazon for $37. I’m a tight wad.


9 posted on 12/11/2021 12:14:12 PM PST by RicocheT
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To: TexasGator

Most cars bought new in the mid-2010s are worthless than what people paid. Used car prices are up by 30-35% since last year.


10 posted on 12/11/2021 12:21:33 PM PST by WASCWatch ( WASC)
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To: Lonesome in Massachussets

RE: Meet me in the parking lot of Sal’s Junkyard at 12:30 Sunday morning, and I can get you one for only $55,000. Bring cash. Be alone.

Funny.

Someone was secretly watching at that place a long time ago when a jug eared black guy paid for a Kenyan birth certificate to become a Hawaiian one. Paid in cash.


11 posted on 12/11/2021 12:25:19 PM PST by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: ChicagoConservative27

how do you show off a watch, when 99%of the people you are trying to impress have no idea what it is, unless you leave the price-tag on it???


12 posted on 12/11/2021 12:26:41 PM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: left that other site

Does it take a lickin’
And keep on tickin’?

//////////////////////////
Yeah.
Let’s see how it keeps time after someone skydives into a moving convertible and the driver sends it over an embankment into a 20 foot deep river and has scuba divers pull it back up with the announcer. Still worth it?


13 posted on 12/11/2021 12:28:07 PM PST by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: WASCWatch

“Most cars bought new in the mid-2010s are worthless than what people paid.”

Of course. Most are not in new condition!


14 posted on 12/11/2021 12:28:22 PM PST by TexasGator (UF)
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To: ChicagoConservative27

“Even if I have that kind of money, I don’t think I’d spend it on a watch. What makes a watch worth that much in the first place?”

Yeah, certainly not something to wear or need. But it’s not about the watch as a watch, it’s a collectible that is worth $6mm and is easily stored in a safety deposit box or small safe.

Think about how much room $6mm in silver takes up, how heavy it is, how hard it is to move, etc. What about a $6mm car collection? You need a warehouse.
Collectibles are rising in value due to Bidenflation.


15 posted on 12/11/2021 12:32:57 PM PST by SaxxonWoods
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To: ChicagoConservative27

At the pearly gates
God: Appypappy, what did you do with that $6M I gave you? help the poor? Build a school in Haiti?
Me: I bought this really nice...hey where did it go?


16 posted on 12/11/2021 12:37:04 PM PST by AppyPappy (Biden told Al Roker "America is back". Unfortunately, he meant back to the 1970's)
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To: ChicagoConservative27

Just a guess but I think the metal is platinum. Prior to the auction some were guessing it might go in the 1 to 1.5 million range given the insane prices a very select few in demand watches are selling for. 6.5 is way beyond that but maybe some bidders got into auction frenzy and lost their minds. Of course being a watch nerd collector means that is a given.


17 posted on 12/11/2021 12:40:29 PM PST by xp38
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To: xp38

” but maybe some bidders got into auction frenzy and lost their minds.”

It was a charity auction.


18 posted on 12/11/2021 12:42:15 PM PST by TexasGator (UF)
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To: Jim W N

My mistake on further research the metal is stainless steel.


19 posted on 12/11/2021 12:54:39 PM PST by xp38
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To: RicocheT

I once bought a knockoff Breitling from a guy at a flea market for $75. Made in China. Looked great. Wife and I went to a concert. I noticed that the lady next to me was wearing a lady’s version of the exact same, genuine Breitling. She said her m-i-l who was seated on the other side of her paid $3500+ for it. I said, “Yep. That’s about right.” I’m confident hers is still running. Mine the band broke and a hand came loose; and it’s in my nightstand drawer.


20 posted on 12/11/2021 12:56:06 PM PST by Tucker39 ("It is impossible so to rightly govern a nation without God and the Bible." George Washington )
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