The Phillips Hong Kong Imperial Patek Philippe sale also included a red paper fan, inscribed with a poem by Emperor Aisin-Gioro Puyi
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.
Puyi, who became emperor at the age of two in 1908, was immortalised by Bernardo Bertolucci’s Oscar-winning film The Last Emperor (1987) but left a mixed legacy.
More than 20 years later, 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 more than HK$25 million (around US$3 million) but after about five minutes of spirited bidding, it was sold for more than HK$48 million (around US$6 million) in Hong Kong on May 23.
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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.
According to the memoir of Puyi’s nephew Aisin-Gioro Yuyuan, the watch was a “personal item” of the deposed emperor, who passed it to his Russian interpreter Georgy Permyakov for safe-keeping when he left the prison camp.
Russell Working, a journalist who interviewed Permyakov more than 20 years ago, told AFP that the elderly interpreter had no idea of its value when he pulled the timepiece from his drawer.