Patek Philippe News
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Patek Philippe Chairman Thierry Stern had advice for Swiss watchmakers several years ago that most rivals didn’t heed: don’t overinvest in China. Amid the recent slowdown in China, the executive’s call has proved prescient.
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Sotheby’s six-day auction in Hong Kong ended last night with a total sale of HK$2.18 billion ($281 million), led by wines from El Bulli’s cellar and a jeweled Patek Philippe clock that set an auction record for a clock by the Swiss timepiece maker.
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Christie’s International will hold a sale in Shanghai in the autumn of 2013, making it the first international auction house to hold its own branded events in mainland China.
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The $22,000 Patek Philippe timepiece showed Jerome Williams that something was wrong in the National Basketball Association players union.
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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.
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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.
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Thirteen Patek Philippe timepieces, which had belonged to collector Henry Graves Jr., are coming to the auction block at Sotheby’s in June.
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Patek Philippe SA Chairman Thierry Stern said Swiss watchmakers that concentrate investment in China are making a mistake as the market will eventually slow.
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Nov. 26 (Bloomberg) -- As Dracula he shunned the light, though in real life Hungarian actor Bela Lugosi owned a pair of 18th-century Chinese lantern stands that will go on sale at Christie’s International in Hong Kong. The six-day auction of wine, modern and contemporary Asian Art, classical Chinese paintings and calligraphy, ceramics, Chinese furniture, watches and jewelry began Nov. 23 and is estimated by Christie’s to raise as much as HK$2.2 billion ($284 million). (Source: Bloomberg)
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A member of the Qatari royal family has pledged the world’s most expensive watch and other collectibles valued at almost $83 million to Sotheby’s to cover debts owed to the auction house, according to court documents.
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