Rare Patek Philippe makes £36,000

All eyes were on lot 777, the rare Patek Philippe 5059R watch, in McTear’s final Watches Auction of the year on 18 December. 

The watch had never been worn and came complete with boxes and papers, ticking all the boxes for watch enthusiasts. One of only a handful ever to appear at auction, this coveted timepiece saw competition from online and telephone bidders as well as those in the saleroom, with the hammer finally falling to a local collector for £36,000 including fees.

The market for vintage watches is extremely strong, especially those watches that come with a story. Lot 795 was a Rolex Submariner divers watch dating to the late 1960s. Of particular interest to collectors was the inclusion of the diving camera used by the owner of the watch while wearing it, along with a booklet for the company for which he worked. The buyer, an online bidder based in England, was particularly pleased to have these additional original accompanying items and won the lot for £11,000.

Lot 797 was another vintage specialist Rolex watch, an Explorer that made three times its lower estimate selling for £11,500. Complete with boxes and papers this really was a rare item that saw competition from absentee bidders, online and on the telephone.

View the full sale results here >>

Sarah Fergusson

Do you have a watch to sell? Email sarah@mctears.co.uk for a free valuation.

 

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