A little before 10:30 AM ET in New York, the Patek Philippe ref. 5711/1A-018, with a Tiffany & Co.-signed dial, hammered for $5,350,000, with an all-in price tag of $6,503,000. This was a last-minute addition to the auction – announced earlier this week – with all proceeds from the sale benefitting the Nature Conservancy. This was the first live watch auction hosted by Phillips in New York in two years, and the first live watch auction in the company’s new space at 432 Park Avenue. We were in the room, and here's what we saw.
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