A 20-karat-gold Vacheron Constantin from the collection of U.S. car manufacturer James Ward Packard (1863-1928) sold for almost $1.8 million at Christie’s International in New York today, more than triple the presale high estimate.
The 1919 watch, one of four Packard timepieces put up for auction in Christie’s Important Watches sale, features his signature Art Nouveau monogram in blue enamel and strikes every quarter hour.
The four watches, which had been stores for 60 years in a bank vault, brought in a total of $2.75 million, compared with the presale high estimate of $906,000.
