The Bao Dai Rolex, owned by the last emperor of Vietnam, was sold for $5 million at the Philips auction house in Geneva on Saturday. Photo: BloombergZurich: A Rolex that was owned by the last emperor of Vietnam became the brand’s most expensive wristwatch ever sold at auction, fetching $5 million at Phillips as Geneva’s spring auction season kicks off. Sotheby’s failed to sale a third of the lots in its watch auction Sunday, including Patek Philippe’s most intricate timepiece. The Sotheby’s auction raised $3.36 million, less than the Bao Dai Rolex alone, and the auctioneer failed to sell a 1989 Patek Philippe pocket watch that has 33 functions. The 18-carat gold Patek Philippe ref.

Source: Mint May 15, 2017 15:22 UTC