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INDUSTRY NEWS - Jean-Claude Biver's Patek Ref. 1518 Sells at Auction for 3.4 Million Swiss Francs

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A Patek Philippe Ref.1518 in Rose Gold, from the Collection of Jean-Claude Biver, Sold for 3.4 Million Swiss Francs, Setting a New World Record for this Variant in Precious Metal

The iconic Patek Philippe reference 1518 in rose gold, formerly the Property of Mr. Jean-Claude Biver, sold for CHF 3,380,000 / $3,565,224 / €3,177,538 to a phone bidder.

Phillips live watch auction, currently taking place, is the first session of its "The Geneva Watch Auction: XI".

Aurel Bacs, the Auctioneer of the sale, and Alex Ghotbi, Head of Watches, Continental Europe and the Middle East, jointly said: "These results show the huge and unwavering international hunger for rare timepieces of the highest quality and exceptional provenance. We are honored that Jean-Claude Biver entrusted Phillips with such historical timepieces from his personal collection, and to achieve a World Record for the Patek Philippe Ref.1518 in Rose Gold is a moment we will never forget."

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