Rare Patek Philippe Pocket Watch Sold for 7x Its Low Estimate | Bidding Battles
An incredibly rare ref. 962/1J-001 Patek Philippe pocket watch brought the auction room to applause at #SothebysNewYork after auctioneer Lucius Elliott dropped the final hammer. There are only three examples of the reference 962, and this iteration with its Breguet numeral hour markers is the most unique among them. The final result? Over 7X its low estimate and a grand total of $704,000.
AI GeneratedMay contain errors
Video Summary
AI GeneratedThis transcript records the live auction of Lot 130, a yellow gold Patek Philippe 962 1J from circa 2001. The bidding process shows a rapid escalation in price, starting from $80,000 and culminating in a final sale price of $550,000 to bidder number 882.
Lot 130, the Patek Philippe 962 1J, yellow gold, circa 2001,
and I can open here already with interest at 80, 90, $100,000,
at $110,000 now, against you all at $110,000.
At $110,000.
$120,000, $130,000, I have.
At $130,000, here with me, at $130,000.
$140,000, $150,000.
At $150,000.
So we're going on at $150,000.
$160,000, you've cleared my book.
At $160,000.
Where's Jarrah?
At $160,000.
Sam, you're coming in.
At $160,000.
$170,000.
At $170,000.
$118,000.
Back with Jarrah.
At $180,000.
$190,000.
$200,000.
At $220,000.
$250,000 would be nice.
$250,000.
$280,000 is next.
At $250,000.
$280,000.
$300,000.
Sam, give me $320,000.
At $300,000.
$320,000.
$350,000.
At $350,000.
Give me $380,000.
At $350,000.
$318,000.
$400,000.
$420,000 is next.
At $400,000.
Sam, what do you say?
$420,000.
$450,000.
At $450,000.
Give me $480,000.
$500,000.
I like your style.
At $500,000.
$550,000 will be next.
At $500,000.
$550,000.
$520,000 it is.
At $520,000.
Sam, I'll take $550,000 from you.
At $520,000.
$550,000.
Quite sure?
At $550,000.
Sam's bidder, quite through.
Shake of the head at $550,000 then.
If there's any further advance, I'll sell to Sam at $550,000 then.
Sold for $550,000.
Paddle number?
Paddle 882.
Congratulations to your bidder and thank you, Darrell, for your bids.