Bonhams Art of Time sale in New York last week saw an extremely rare 18K Gold Patek Philippe Ref. 2597 dual time zone wristwatch sold for $93,825 (approx. £72,000).
Ahead of the October 16 sale, the watch had been estimated at $70,000-90,000.
From the Collection of Nicole and William M. Keck II, the watch featured an independently adjustable hour hand designed in the late 1950’s by the renowned Louis Cottier and one of the first series produced with the Gübelin signature.
Jonathan Snellenburg, director of watches and clocks, said: “The sale included a diverse offering of watches and clocks and the results proved that the market is strong for the fine and rare in all categories.
“We look forward to continuing this strong momentum in our upcoming auctions in London in November and December.”
The auction also saw the sale of an important gilt giant chronometer escapement quarter chiming carriage clock with perpetual calendar and moon phase, displaying the Equation of Time on turntable base, dating from c. 1862 and sold for $85,075.
A fine 18K gold chronograph Patek Philippe wristwatch with perpetual calendar and moon phase, was also sold for $61,325.
And a Swiss enameled gold musical snuff box dating from the first quarter of the 19th century, was sold for $60,075.