As Patek Philippe celebrates their 175th anniversary, the major auction houses are celebrating too. Auction houses have done very well over the last few years, thanks to the brand's popularity among collectors, when it comes to their rarest and most exclusive timepieces. On November 9, 2014, in Geneva, Christie's will hold its "Patek Philippe 175" Replica watch auction in celebration of the brand's anniversary. This will be an exciting time, as Patek Philippe themselves will hold various celebrations, along with the unveiling of a new ultra-complicated timepiece, and fellow auctioneer Sotheby's will be auctioning off the famed Patek Philippe Henry Graves Supercomplication pocket watch, that is expected to fetch around $17 million.
To learn more about Patek Philippe timepiece success at auctions, as well as with collectors, I spoke to John Reardon, the International Head of Christie's Watch Department. A watch guy and seasoned watch sales expert, John Reardon is one of those people you want around if you have any questions related to watch valuation, rarity, or potential investment worthiness. John is also a diligent advocate of the watch auction process and Christie's, which is something important to keep in mind when reading his responses and suggestions. So with that said, let's examine some of the wisdom he has shared below about watch auctions in general about about the Patek Philippe 175 event.
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