What's Happening?
A Patek Philippe wristwatch, once owned by Paul Starrett, the chairman of Starrett Corporation, is set to be auctioned at Phillips in New York. Starrett was instrumental in the construction of iconic American structures, including the Empire State Building,
which was the tallest building in the world from 1931 to 1970. 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 Starrett's initials and floral engravings, has been with the Starrett family for nearly a century and is now being consigned by Starrett's grandson. The watch is part of a world tour, showcasing in cities like London and Hong Kong before the auction on June 13.
Why It's Important?
The auction of Paul Starrett's watch is significant as it represents a tangible connection to a pivotal era in American architectural history. The Empire State Building is not only a symbol of New York City but also a testament to the ambition and resilience of the early 20th century. The sale of this watch highlights the enduring legacy of Starrett's contributions to American infrastructure and the cultural value of historical artifacts. For collectors and historians, the watch offers a unique glimpse into the personal life of a man who played a crucial role in shaping the New York skyline. The auction also underscores the continued interest in luxury collectibles and their historical narratives.
What's Next?
The watch will be displayed at Phillips in New York for two days before the auction, allowing potential buyers and enthusiasts to view it up close. The auction is scheduled for June 13, and it will be interesting to see how the market responds to this piece of history. The outcome of the auction could influence the valuation of similar historical artifacts and watches, potentially sparking increased interest in items with significant historical provenance. Additionally, the Empire State Building is celebrating its 95th anniversary with new ticket packages and events, which may draw further attention to the auction.
