Sylvester Stallone, a well-known actor, is now parting ways with his favorite watches worth millions. According to the latest updates, on June 5th, 2024, Stallone will auction eleven of his favorite watches at Sotheby’s New York, with estimates ranging from $2 million to $6 million.
With this news, people who love collecting watches are interested in buying these timepieces because of their passion for antique watches.
The auction’s centerpiece is undoubtedly the incredibly rare Patek Philippe Grandmaster Chime, making it the most complex wristwatch ever created by the prestigious brand.
Initially acquired by Stallone for an estimated $2.5 million, the Grandmaster Chime in his collection has never been worn and is expected to fetch between $2 million and $6 million. This will be the first time a Grandmaster Chime has been offered at a commercial auction, making it a truly historic occasion.
This is not the first time Sylvester parted ways with timepieces; in 2020, he parted ways with a selection of his Richard Mille and Panerai models at Phillips, generating a combined total of $3.1 million.
With the Grandmaster Chime, the auction has a variety of other high-end timepieces. Collectors can expect to find models from Rolex, Audemars Piguet, and Richard Mille, each representing the highness of watchmaking design and engineering. A Panerai Luminor Submersible 1950 PAM00382 – a model worn by Stallone and his Expendables 2 co-stars – will also hit the auction block. This detail adds a layer of sentimental value for fans of the action franchise.
The reason behind Stallone’s decision to sell is to share them with others so that others have the joy of wearing these antiques. Still, from his statement, “He acknowledges the watches as a reminder of “hard work paying off,” suggesting a desire to move on to new endeavors. So maybe there is no reason behind this.
In this video, Sylvester stallon explains everything:
For Sotheby’s, this auction represents Stallone’s name, and the inclusion of the Grandmaster Chime is sure to attract significant interest from collectors worldwide. The event will focus on their Important Watches sale, potentially setting new records within the watch-collecting community.
