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Wristwatch reaches a record value in Portugal

Imagem da notícia: Wristwatch reaches a record value in Portugal

On the 18thFebruary, The Palácio do Correio Velho auction house auctioned a rare Patek Philippe wristwatch, in partnership with Boutique dos Relógios Plus, Pre-Owned & Vintage Lounge.

The model, ref. 3450, was produced between 1981 and 1985 and is an extremely rare piece (only 244 of them exist) standing out as one of the most collectible and exclusive models in the watchmaking universe.

It is rare in the international market and even more so in the national secondary Pre-Owned market. Palácio do Correio Velho presented the only known model in Portugal at the auction. With a starting price of 80,000 euros, this watch reached a remarkable value of 160,000 euros, setting a new national record for a wristwatch sold at an auction in Portugal. 

12 March 2020
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