Patek Philippe, the ultra-luxury watch brand, hasn’t introduced a new watch in almost 25 years — but all of that is set to change, a company executive said at the Watches and Wonders fair.The brand won’t enter the secondhand market like Rolex and will release more ’modestly’ priced watches besides million-dollar models, while Stern’s two sons will eventually join the businessThe president of the horological world’s foremost brand discusses his favorite new releases at Watches and Wonders, where ideas come from, and why designing a blockbuster is easy.The 12-complication Patek Philippe Sky Moon Tourbillon with a blue champlevé and cloisonné enamel dial was sold by Christie’s Hong Kong.The Patek Philippe watch was originally sold in Geneva in 2015 and is considered among the most complex timepieces in the world.The record-breaking timepiece sold for a staggering $5.8 million at a Christie’s auction.Christie’s just announced the record sale of a Patek Philippe ’Sky Moon Tourbillon’ watch, which sold for US$5.8 million at auction in Hong Kong – here’s what you need to knowConsidering its significant history and legacy, Aisin-Gioro Puyi’s Patek Philippe timepiece may fetch more at auction than Paul Newman’s Rolex and Elizabeth Taylor’s jewellery collectionThe top lots from Sotheby’s, Phillips and Christie’s auctions in 2022 were, unsurprisingly, dominated by Patek Philippe.That’s 1,300 percent more than its original retail price.The timepiece was a stylish compliment to his outfit to the world premiere of “Hustle.”The first-series Ref. Rolex 2499 will lead Phillips’s Hong Kong watch auction in November.A. AAA Watches Lange & Sohne Just Dropped a $145,000 Gold Watch That Glows in the Dark A record 850 people cheered on as watch collectors contributed $32.1 million in just over three hours to the Only Watch charity yesterday in Geneva. Rolex watches This year, 53 one-of-a-kinThe Ref. breitling watches 2499 is among nearly 180 rare and important watches that will appear in Phillips’s December auction.The sale at Christie’s marks the second time the coveted model has come up for auction.We caught up with the Singapore-based collector at a Jacob & Co. luxury brand watches gala in Sicily.A Nautilus update didn’t materialize, but that didn’t overshadow the Swiss watchmaker’s spectacular new offerings.The digital replica of the iconic Nautilus reference offers the chance to buy shares in a physical version of the watch.The supply of models, such as the Rolex Daytona and the Patek Philippe Nautilus, began to increase in April, causing prices to decline.The 4,600-square-foot space on Boston’s Luxury Row will house an area dedicated to Patek Philippe.The $25 million sale will take place at the Monaco Yacht Club next week.Following the most recent market crash, the secondary market for luxury watches is experiencing falling demand. Omega Watches What Happened: Following all-time high luxury watch market prices in 2021, the latest crypto crash has caused a corresponding drop.McLaren and APL Teamed up for a Turbo-Charged Sneaker. A Supercar Is Coming Next. Limited in number, but not in price, every new introduction seems worthy of alerting your financial advisor about incoming damage. The question is, how many are truly cEstée Lauder May Buy Tom Ford in a Deal Worth $3 Billion Limited in number, but not in price, every new introduction seems worthy of alerting your financial advisor about incoming damage. The question is, how many are truly collectible—not just greatThe virtual show allows you to view 59 extraordinary timepieces with expert commentary.The rare Ref. 3974 will lead the Phillips watch sale in Hong Kong this May.The platinum 1/10th Second Monopusher Chronograph features seven exclusive patents.Collectors might not even care that its movement isn’t guaranteed to work.Phillips will sell the rare commission, along with a Cartier London Crash and a unique Grand Seiko Kodo, at auction next month.The new Ref. 5811/1G-001 joins seven other fresh references from the Swiss watchmaker.