Sotheby's sold Stallone's Grand Master Chime and broke a record for the most expensive modern watch the house has ever hammered. Now Patek is angry.
It’s well understood that if a brand like Rolex or Patek Philippe learns you’ve sold a hot watch you bought at retail, then you’re most likely not going to get an opportunity to buy from that brand again. Savvy flippers try to hide their taboo behavior, but Sylvester Stallone flipped his Grand Master Chime in one of thespeculates that the sale could have earned the actor as much as $2 million, this after just a few years of ownership.
Stern wasn’t definitive about whether Stallone was cut off from retail purchases or not, but it seems Rocky may have dealt himself a hard blow in the fight hot Pateks.Allen is Robb Report's digital watch editor. His writing and photography have appeared in Fortune, Hodinkee, WatchTime, International Watch and many others.
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