Side Hustles
Tense Bidding War for Sylvester Stallone’s Rare Watch: Video
![](https://personalfinancedefined.com/wp-content/uploads/2024/06/1717791031-GettyImages-20088537091.jpg)
“Rocky” star Sylvester Stallone’s highly anticipated collection of rare and vintage watches went up for auction this week, and the 11-piece collection sold for $6.7 million — beating original pre-sale estimates.
One timepiece, the Patek Philippe Grandmaster Chime, broke the record for the most expensive modern watch ever sold through Sotheby’s after it garnered an offer of $5.4 million. It was originally estimated to sell for between $2.5 million and $5 million.
Related: Sylvester Stallone Patek Philippe Set for Sotheby’s Auction
“The sale of the Patek Philippe Grandmaster Chime was an unrepeatable celebration, not only of a masterpiece by the most revered Swiss watchmakers of technical excellence but also of the legendary icon that is Sylvester Stallone, who has been a deeply influential and admired collector for many decades,” Geoff Hess, Sotheby’s head of watches, Americas, said in a statement.
In a video posted to Instagram, five hopefuls can be seen going to bat for the watches in a bidding war that lasted nearly four minutes in front of over 100 attendees.
The watch was eventually won by a private, anonymous collector based in Asia.
“I’ve had the privilege of owning some truly remarkable watches over the years, each with its own unique character and history,” Stallone said in a statement last month, ahead of this week’s auction, per GQ. “I enjoy the collecting process like so many others in this passionate community, who don’t just see watches as an accessory, but admire them for their history, craftsmanship, artistry—but most importantly—how they make them feel.”
Related: ‘Ultra Rare’ Apple Sneakers Set for $50K Sotheby’s Auction
Other timepieces in Stallone’s collection that were sold included watches from luxury brands such as Cartier, Rolex, Piaget, and Panerai.
Read the full article here
![](https://personalfinancedefined.com/wp-content/uploads/2023/02/pf-logo.png)
-
Personal Finance6 days ago
Gas prices drop as demand for driving fizzles out: AAA
-
Investing6 days ago
Crowdstrike CEO Responds to Causing Largest IT Outage in History
-
Side Hustles6 days ago
How to Build A Startup, From an Early Lyft, Twitch Investor
-
Passive Income4 days ago
NLRB Drops Expanded Joint Employer Appeal
-
Passive Income6 days ago
The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity
-
Side Hustles6 days ago
Jake Paul: Mindset Hacks, Mike Tyson Fight, Embracing Fear
-
Investing6 days ago
Boeing to supply E-7 in first major win since plea deal By Reuters
-
Side Hustles5 days ago
10 Effective Growth Marketing Strategies for Your Startup