A rare 140-year-old pocket watch, custom-ordered by Tata Group founder Jamsetji Nusserwanji Tata, will be auctioned in Hong Kong on Tuesday for an estimated US $10,000- US $20,000 (Rs 6.4 lakh to Rs 12.8 lakh). The Patek Philippe pocket watch is an 18k pink gold timepiece and was gifted by Tata to English architect James Morris in 1890 in recognition of his work on the Tata family mansion, Esplanade House, in Mumbai. Perazzi said three criteria - brand, its rare and complicated movement and backstory - determine the value of a watch both for collectors and auctioneers but the features of this rare Patek Philippe watch will always stand out as special. The Patek Philippe timepiece is a ‘repeating chronograph hunter case presentation watch’. “These pocket watches are fitted with a highly complicated movement, where you have 5 minutes repeater and chronograph,” he said.

Source: dna November 26, 2017 11:58 UTC