16 Oct 2012

Watch sells for $215,000 at Toronto auction

A rare Patek Philippe watch sold for $215,000 in an auction on Toronto Sunday, after it was expected to sell for $300,000, the Toronto Star reported.

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"I was hoping somebody local would buy it," Kashif Khan, director of Ritchies auction house, told the Toronto Star. "But it went to the U.S. They took our best piece."

There were 73 watches sold at the auction and most of them that just told time went for more than their list price. The Patek Philippe charted the moon's phases and indicated when the Sirius passes the meridian. Most watches were sold between $3,000 and $40,000, although two other Patek Philippes sold for $100,000 and $95,000.

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