Time is Money: 'The Asprey' Wristwatch Sells for Nearly $3.9M

A unique vintage wristwatch went under the hammer for 3.915 million Swiss francs ($3.88 million) in Geneva on Tuesday, auctioneer Sotheby's said, setting a world record price after hectic bidding. Made in 1952 by Patek Philippe and bought four years later at Asprey's — the only one of its kind the London retailer ever sold — the Swiss watch is a perpetual calendar chronograph. "The Asprey" was the star lot among 250 watches and pocket watches, including pieces by Cartier, Rolex, and...

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