£220,000 watch to be auctioned for Practical Action
Howard Lake | 28 August 2006 | News
Bonhams is to sell a rare Patek Philippe wristwatch, donated anoymously to Practical Action (formerly ITDG), and it is expected to sell for at least £180,000 to £220,000.
The watch will be sold on the charity’s behalf at Bonhams’ Sale of Fine Watches at 101 New Bond Street, London, on 28 November 2006.
Bonhams say that the 18ct rose gold watch is the second most complicated wristwatch ever produced by Patek Philippe, and is highly sought-after by watch collectors and horologists.
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Bonhams addes that “it incorporates a perpetual calendar with a retrograde date hand, minute repeating function and a one-minute tourbillon consisting of 69 parts.” The watch comes with original winding box and papers.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.