Comparing a $260,000 Patek Philippe watch with a $60 Chinatown knock-off. Can you tell the difference? via CNBCMakeIt
and was hailed by Sotheby's as the most expensive watch ever sold at auction at the time.
Amid the cover of a crowded street, a man asking if I'm interested in watches flashes a laminated list of brand names like Rolex, Gucci — and Patek Philippe. After some negotiations, he hands me a watch that vaguely resembles a Patek model, except he's willing to sell it for just $60 in cash. A $60 Patek Philippe knock-off purchased in New York City's Chinatown and the real deal — a $260,000 Patek Philippe 5271P Grand Complications watch with manual windingMy next stop was Reardon's office at Christie's to show it to him, a man who has been personally collecting Patek watches for nearly 20 years. Could my bargain "Patek" remotely pass for the real thing?
My $60 watch seemed to function as well as an automatic watch is expected to function — a fact that impressed Reardon — but it obviously lacked the world-class movements that come with handmade craftsmanship, the weight of platinum, the detailed dial and working complications that come with most genuine Pateks.
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