Vintage watches shine at auction, with prices reaching $1 million
Collectors trade Patek Philippe, Rolex and Cartier timepieces on the secondary market, experts report.
Vintage watches are traded by collectors, with recent auction sales topping estimates, according to Brisbane Times and WA Today. A Rolex Pulsometer sold for $1 million in Geneva six years ago, and a Patek Philippe Nautilus recently fetched $95,000 at a Leonard Joel sale, above its estimate.