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The Patek Philippe Magpie Treasure Nest Clock, which sold at Sotheby's in Hong Kong for $2.3 million. (Photo Credit: Sotheby's)

  Gem-laden Magpie's Treasure Nest Clock sells in Hong Kong for $2.3 million

April 14, 2013

A gem-set standing clock by Patek Philippe has sold for $2.3 million at a Sotheby's auction in Hong Kong. Called the Magpie's Treasure Nest Clock, the time piece stands 52 centimeters high and weighs 15.1 kilograms.

The clock depicts an intricate scene of a magpie dropping a large tanzanite gem into a golden nest. The tree in which the nest is resting was sculpted out of calcite, onyx and agate, among other materials, including 13.17 carats of rubies studded among its carved flowers. The magpie's wings are set with 24.95 carats of diamonds.

The centerpiece of the clock is the tanzanite gem hanging from the magpie's beak. It is a 104.75-carat, oval-shaped tanzanite.

The clock, which was originally made in 1992, was sold to an Asian buyer for more than three times its high estimate of $640,000. It was part of a record-setting sale of watches and clocks. Sotheby's sold $28.4 million worth of timepieces, the most it has ever reported for such a sale in its history.

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