Time is money: 'Asprey' may bring up to $4 million at auction

GENEVA - "The Asprey", a legendary vintage Patek Philippe watch, will go on the auction block next week in Geneva, where it could fetch $2 million to $4 million, Sotheby's said on Wednesday Made in 1952 and sold four years later, the Swiss luxury wristwatch is the star lot among 250 watches and pocket watches on offer at Tuesday evening's sale "The watch is a perpetual calendar chronograph and is unique in that it was retailed by the famous London retailer Asprey's," Sam Hines, global head of Sotheby's watch division, told Reuters.

"The watch is in pristine condition, it has never been polished and it is the greatest quality you can find." The original owner, whose initials, R.C., are engraved on the back of the watch's yellow gold case, probably received it for his 21st birthday, but has not been identified, the auction house said Worn on a brown leather strap, it offers the day and date, a stop watch and phases of the moon Hines, asked about the Chinese luxury market cooling in an era of less ostentation under a government anti-corruption drive, said: "We do have clients in China.

It is true with the sort of need to be less ostentatious, tastes have become more conservative So vintage watches really do fit the new taste." . Source