Breaking News: Four Of Jean-Claude Bivers Patek Philippe Watches Fetch $8.76 Million At Phillips Geneva Auction – HODINKEE

And, finally, we have the last lot of this weekend’s sale: the platinum ref. 1579 chronograph with spider lugs. As lot 214 it pulled in a final price of $2.05 million (CHF 1.94 million). This watch is kind of a perfect storm: It’s a vintage Patek chronograph, it’s a unique watch (only three were made, all with different dials), it’s platinum, it’s in great, honest condition, and it comes from the collection of Mr. Biver. You can’t really ask for much more than that. To think about what was going on in the world in 1946, in the wake of World War II, and to think that Patek thought to make this totally indulgent, superlative watch, is just crazy. With that in mind, a $2.05 million result is obviously nothing to scoff at, but it is worth noting that the last time a platinum 1579 sold publicly, at Christie’s in 2012, it commanded CHF 1,539,000. The last time this 1579 sold, at Christie’s in 2011, it sold for CHF 1,987,000. So, this is technically an increase in value, though I was expecting the bidding to climb a little higher.