Would You Pay $400,000 for a Nine-Year-Old Patek Philippe?

Christie’s Important Watches Auction yesterday in New York yielded nearly $8.8 million in sales, further underscoring the thriving collector watch market. The top lot, Lot 366, in the auction was a 2008 Patek Philippe Reference 5033 platinum tonneau minute repeater with annual calendar. Sold with original certificate, the watch went to a private American collector…

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