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Omega hits a US$1m first at auction

Vintage watch demand is booming: Paul Newman's legendary Rolex Daytona was sold by Phillips for US$17.8 million last month.


AN OMEGA wristwatch sold for US$1.4 million in Geneva, a record price for the brand, as upstart auction house Phillips challenges larger rivals Christie's and Sotheby's in the market for vintage timepieces.

The sale marks the first time Omega has achieved a price of more...

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