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Tuesday, 16th June 2009 (1169 views)

A pair of gold watches achieved a high price at auction last week, Antiquorum has revealed.

The auction house held a sale in New York, with two Patek Philippe timepieces among the lots on offer to bidders.

One of the watches sold for more than $250,000 (£152,000), while the other was bought for over $130,000.

Commenting on the results, chairman of Antiquorum Robert Maron stated: "As other markets rebound from the past year's economic decline, the demand for exceptional timepieces continues to steadily increase."

The event also featured a watch that had been owned by actor Steve McQueen, the item eventually selling for 20 times its estimate at $234,000.

Meanwhile, an 18-c gold watch from Patek Philippe is scheduled to go under the hammer in Boston, Massachusetts today (June 16th).

Skinner is hosting the event, with the piece expected to fetch between $10,000 and $15,000. Other items on sale include an 18-c gold antique brooch from Tiffany & Co.

 

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