What's Happening?
A Patek Philippe wristwatch, once owned by Paul Starrett, the chairman of Starrett Corporation, is set to be auctioned at The New York Watch Auction: XIV by Phillips. Starrett was instrumental in the construction of iconic American structures, including
the Empire State Building, which celebrated its 95th anniversary in May. The watch, purchased during the construction of the Empire State Building, is expected to fetch between $15,000 and $30,000. This yellow gold watch, featuring a solid gold bracelet and Art Deco style, has been with the Starrett family for nearly a century. It is now being consigned by Starrett's grandson, marking the first time a watch owned by Starrett has been put up for auction.
Why It's Important?
The auction of Paul Starrett's watch is significant as it represents a tangible connection to the history of the Empire State Building, a symbol of American architectural achievement. The watch's sale highlights the enduring legacy of Starrett's contributions to American infrastructure and the cultural impact of the Empire State Building. For collectors and historians, the watch offers a rare opportunity to own a piece of history linked to one of the most iconic buildings in the world. The auction also underscores the value of historical artifacts in understanding and appreciating past achievements in architecture and design.
What's Next?
The watch is currently on a world tour, being showcased alongside other items slated for the June auction. It will be displayed in cities such as London and Hong Kong before returning to New York for the auction on June 13. The Empire State Building continues to celebrate its 95th anniversary with special events and promotions, including new ticket packages and a Ghirardelli pop-up. The auction is expected to attract significant interest from collectors and enthusiasts of historical timepieces and American history.
