Switzerland’s prospects of advancing to the knockout stage of the soccer World Cup rests on an issue that has split the country: immigration.
A 1927 Patek Philippe watch made for collector Henry Graves Jr. sold for 1.2 million Swiss francs ($1.4 million) at Christie’s International, missing the low estimate on the first day of the spring auction season.
Patek Philippe SA Chairman Thierry Stern said the Swiss watchmaker has bought gold futures as a defense against high gold prices that are threatening the luxury goods industry.
Thirteen Patek Philippe timepieces, which had belonged to collector Henry Graves Jr., are coming to the auction block at Sotheby’s in June.
Patek Philippe SA Chairman Thierry Stern said Swiss watchmakers that concentrate investment in China are making a mistake as the market will eventually slow.
A 1957 Patek Philippe pink-gold watch that adjusts for leap years and is one of six of its kind known to exist sold for $2.2 million at a Christie’s International auction in Geneva.
As Alfredo Paramico pulls up in a blue Audi at the 178-year-old neoclassical Four Seasons Hotel des Bergues in Geneva, the staff snaps into action.