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Time is money: `Asprey' may bring up to $4 million at auction
"The Asprey", a legendary vintage Patek Philippe watch, will go on the auction block next week in Geneva, where it could fetch $2 million to $4 million, Sotheby's said on Wednesday (November 7). Made in 1952 and sold four years later, the Swiss luxury wristwatch is the star lot among 250 watches and pocket watches on offer at Tuesday (November 13) evening's sale. The original owner, whose initials, R.C., are engraved on the back of the watch's yellow gold case, probably received it for his 21st birthday, but has not been identified, the auction house said. The current owner bought it at auction in 2006 for 2.2 million Swiss francs (now $2.21 million), a record for the reference at the time, Sotheby's said. Worn on a brown leather strap, it offers the day and date, a stop watch and phases of the moon.