A Patek Phlippe Sky Moon Tourbillon in yellow gold, Ref. 5002, sold for $1.2 million at auction in New York on October 7th. According to Patrizzi & Co. Auctioneers, this is the highest price paid for a wristwatch at auction since the beginning of the recession. And, of course, it’s a Patek. As you probably already know, Pateks are in high demand among collectors, resulting in consistently high auction prices.

Posted by:Jason Pitsch

Jason Pitsch is the Founder of Professional Watches. He appreciates good craftsmanship in everything from architecture to automobiles to cameras to clothing. Yet his focus for the past decade has remained consistent on covering just one type: watchmaking.