Patek Philippe Grandmaster Chime Sets Record for Modern Timepiece Sale

  • Sylvester Stallone sells his watch collection for $6.7 million at Sotheby’s auction
  • Patek Philippe Grandmaster Chime sold for $5.4 million, setting a record for modern watches sold by Sotheby’s
  • Stallone’s collection includes timepieces from Rolex, Audemars Piguet, and Piaget
  • The sale included a Panerai Luminor Submersible worn in The Expendables 2

Actor Sylvester Stallone sold his impressive watch collection, including the Patek Philippe Grandmaster Chime, which set a record for modern timepieces sold by Sotheby’s at $5.4 million. The auction also featured pieces from Rolex, Audemars Piguet, and Piaget.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Sylvester Stallone’s watch collection auction at Sotheby’s, including details on the sale of his Patek Philippe Grandmaster Chime and other watches. It also includes quotes from Geoff Hess, head of watches at Sotheby’s Americas, and a statement from Stallone himself. The article is informative and relevant to its topic without any significant issues with digressions or personal opinions presented as facts.
Noise Level: 7
Noise Justification: This article primarily focuses on the sale of Sylvester Stallone’s watch collection at Sotheby’s auction house and the prices achieved for each piece. While it provides some interesting details about specific watches and their history, it is mostly centered around celebrity news and does not offer much in terms of actionable insights or new knowledge beyond the world of luxury watches. It also lacks a broader context or analysis of the market trends or implications of such sales.
Key People: Sylvester Stallone (Actor and Watch Collector), Geoff Hess (Sotheby’s Head of Watches, Americas), Philippe Stern (Initiator of the Grandmaster Chime project)

Financial Relevance: Yes
Financial Markets Impacted: Watches and auction industry
Financial Rating Justification: The article discusses the sale of Sylvester Stallone’s watch collection, specifically focusing on a Patek Philippe Grandmaster Chime that sold for $5.4 million, breaking records for both the highest price for a modern watch sold by Sotheby’s and third-highest value wristwatch in their history. The auction industry is impacted as well since it shows strong demand for luxury watches and high prices achieved at this event.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, as it discusses Sylvester Stallone’s watch collection and their auction at Sotheby’s. The highest price for a watch sold was $5.4 million, but this is not considered an extreme event.

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