patek philippe ref 704

It is equipped with the brand new hand-wound Patek in-house caliber CH 29-535 PS a chronograph with a column-wheel and horizontal toothed-wheel coupling �C a movement of classical design developed and manufactured from A to Z in the manufactory's workshops. It is covered by six patents. The case, in 18kt yellow gold, measures 39mm and is water resistant to 30 meters.

The worldwide economic recession was no where to be seen at Antiquorum's "Important Collector's Wristwatches, Pocket Watches, Clocks and Horological Tools" auction, held May 9-10 in Geneva. The highlight was sale of a vintage Patek Philippe's Ref. 1436 (see photo)--a stainless steel split-seconds chronograph, and one of only two such timepieces known to exist today. The very rare timepiece, produced in 1945, set a world record price for a steel watch by fetching $1,126,932. Overall, Antiquorum's auction featured 331 lots. Of these, 80 percent were sold, netting a total of $5.9 million.> Read more