Patek Philippe sets new record with $5.8 million online auction sale.
A Patek Philippe 'Sky Moon Tourbillon' has sold for $5.8 million at Christie's "Top of the Time" online auction, setting a new record for an online auction. The rare watch, part of Patek's Grand Complications series, features 12 complications and is encased in an 18-karat white gold case. The pre-owned watch market is expected to keep growing, hitting 10% CAGR through 2026. The Christie's auction pulled in $8.4 million in sales, with millennials making up 40% of the buyers at auction.