One of the 20th century’s coveted and most collectible timepieces, a Patek Philippe Very Fine & Important Platinum Ref. 3970EP Chronograph, brought $108,000 in Heritage Auctions’ spring Watches & Fine Timepieces Auction May 21 in New York. The $1.4 million was 91 percent sold by volume as multiple bidders contended to own special edition Patek, Rolex, and A. Lange & Söhne masterpieces. “Fine timepieces are always in style and collectors don’t hesitate to zero in on rare models when they come up for auction,” said Jim Wolf, director of fine timepieces at Heritage Auctions. “I was particularly pleased to see bids spread across diverse makers – clearly, now is a prime time to send high-end watches to auction.” A Rolex Ref. 116589 Very Fine Gold, Diamond & Ruby Daytona, circa 2005, sold for $52,500 following interest from seven bidders. An A. Lange & Söhne Ref. 403.035

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