Over view of the A uction
Recent ly , the court of Shen zhen again au ction ed two wat ches of the Swiss lux ury watch brand " P ate c Philippe " through Alibaba ' s judicial au ction platform . The models on display this time are pric ed at 26, 76 million yuan (appro ximately 480 million yen) and 28, 77 7 million yuan (appro ximately 520 million yen), respectiv ely , and have attra cted a lot of attention among watch colle ctors .
Deta il of the ex hibition watch
The two Pat ek Philippe wat ches ex hibit ed are all rare models with an app rais al value of more than 40 million yuan (appro ximately 720 million yen). In particular , the watch with model number 600 2 G 001 has an amazing app rais al value of 44 million yuan (abo ut 7 90 million yen), which shows the high value of the watch .
Pat ek Philippe is a Swiss ultra - lux ury watch brand found ed in 184 5, and models with particularly complex mechan isms are sometimes called " master pie ces of watch making . " The watch on display this time is also seen as a special model that combin es the best of the company ' s technology .
Back ground of Judi cial Auc tions
In judicial au ctions in China , se ized assets are regular ly put up for au ction . The au ctions of lux ury wat ches hand led by the court in Shen zhen have always attra cted attention from domestic and international investors and colle ctors due to their scale and the high quality of the ex hib its .
The au ction was conducted on Alibaba Group ' s judicial au ction platform , which has trad ed hundreds of millions of yen worth of lux ury wat ches in the past . It is also fe atur ed in the fact that onWhatsapp bid ding is possible , allow ing buy ers from all over the world to participate .
Market Re action and Expert Vie ws
According to watch market experts , Pat ek Philippe ' s ultra - lux ury models have tend ed to increase in value in recent years , and models with limited production models and complex mechan isms in particular are also popular as investment tar gets .
" The models ex hibit ed this time are extremely rare on the market and have a very high colle ctor value , " comment ed the watch app ra iser . It is also analy zed that the increasing movement to buy lux ury wat ches as part of the formation of wealth , especially among the wealth y in China , is also behind the success of such high - p ric ed au ctions .
Future develop ments
The out come of the au ction is also likely to gener ate a new watch trading price record , which is attra cting attention among watch industry officials . In the past judicial au ctions , there have been many cases where the w inning price has far exceeded the app rais al amount , so it is of great interest to see what price this time Pat ek Philippe wat ches will be sold at .
The au ction represent ative of the Shen zhen Court comment ed that " we are trying to make sure that a fair transa ction is made at a reasonable price , " and the bid ding trend in the future will be watch ed . Details of the au ction will be up dated from time to time on Alibaba ' s judicial au ction platform .