Watch owned by China’s last emperor sells for $6 million

HONG KONG: A Patek Philippe wristwatch once owned by China´s last emperor sold for more than $6 million at auction in Hong Kong on Tuesday.

The Ref 96 Quantieme Lune timepiece, which boasts a crown-like moon phase, originally belonged to Aisin-Gioro Puyi, the final monarch of the Chinese Qing dynasty. Emperor at the age of two in 1908, Puyi was immortalised by Bernardo Bertolucci´s Oscar-winning film “The Last Emperor,” but left a mixed legacy.

More than 20 years after being forced to abdicate, he was installed as the puppet leader of Japanese-occupied Manchuria, before he was captured in 1945 after the fall of Japan and taken to a Soviet prison camp.

British auction house Phillips said it had documentation that showed Puyi had brought the watch with him to the camp. It was expected to fetch about $3 million but, after about five minutes of spirited bidding, it was sold for HK$40 million ($5.1 million). With the buyer´s premium fee, the total price came to about $6.2 million.

Thomas Perazzi, Phillips´ head of watches in Asia, said he was “thrilled with this groundbreaking sale” because it set records. Those records included “the highest result of any Patek Philippe reference 96 ever sold”, according to a news release.

The Ref 96 -- austere compared to the usual luxury pieces on sale in auction houses -- was the first “complication wristwatch” serially produced by Patek Philippe, with Perazzi saying there are currently only “three examples known” in the world.