Patek Philippe Watch Owned by Empire State Building Developer Up for Auction

The gold wristwatch that belonged to Paul Starrett, who oversaw the construction of the iconic New York skyscraper, is expected to sell for $15,000 to $30,000.

Apr. 16, 2026 at 8:23pm

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A close-up, high-contrast photograph of a vintage Patek Philippe wristwatch with a solid gold case and bracelet, resting on a clean, monochromatic background, conveying the timeless elegance and historical significance of this rare timepiece.A rare Patek Philippe wristwatch that belonged to the developer of the iconic Empire State Building is set to hit the auction block, offering a glimpse into the life of one of New York's most influential figures.NYC Today

A Patek Philippe wristwatch owned by Paul Starrett, the chairman of Starrett Corporation who oversaw the construction of the Empire State Building, is set to be auctioned off at Phillips in May. The gold watch, which Starrett likely wore during the building's unveiling in 1931, is expected to fetch between $15,000 and $30,000 at the auction.

Why it matters

The sale of Starrett's personal Patek Philippe watch provides a rare glimpse into the life of the man behind one of New York City's most iconic landmarks. The watch, which was purchased during the construction of the Empire State Building, serves as a tangible connection to the building's history and the individuals who were instrumental in its creation.

The details

The Tiffany & Co. signed Patek Philippe wristwatch was produced in 1929 and delivered to Starrett in November 1930. At the time, the watch would have been considered quite large, as smaller sizes were more common due to affordability concerns during the Great Depression. The watch features a solid gold bracelet and a high-grade 10-ligne manually wound caliber, as well as Starrett's initials and delicate engraved floral scrollwork on the case.

  • The Empire State Building opened to the public in May 1931.
  • The Patek Philippe watch will be auctioned at Phillips in June 2026, which marks 95 years since the building's opening.

The players

Paul Starrett

The chairman of Starrett Corporation who oversaw the construction of the Empire State Building, one of the most iconic landmarks in New York City.

Patek Philippe

A Swiss luxury watch manufacturer that produced the gold wristwatch owned by Paul Starrett.

Tiffany & Co.

The luxury jewelry retailer that sold the Patek Philippe watch to Paul Starrett.

Phillips

The auction house that will be selling Starrett's Patek Philippe watch in June 2026.

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What they’re saying

“Watches at the time were part of a gentleman's attire either discreetly tucked away in a pocket, or hidden under a shirt cuff. At the same time, during the Great Depression, affordability was paramount, and watch brands offering solid gold watches offered them in smaller sizes to keep costs (and prices) low to facilitate sales.”

— Paul Boutros, Deputy Chairman and Head of Watches at Phillips

“One can certainly believe Starrett attended the opening ceremony wearing this very Tiffany & Co. Patek Philippe wristwatch on his wrist.”

— Phillips

What’s next

The Patek Philippe watch will be on a world tour alongside other items slated for Phillips' June 2026 auction, traveling from London to Hong Kong in the weeks leading up to the sale. The watch will also be on view at Phillips for two days before the auction, which is scheduled for June 13, 2026.

The takeaway

The sale of Paul Starrett's personal Patek Philippe watch provides a unique opportunity to connect with the history of the iconic Empire State Building and the individuals who were instrumental in its creation. The watch's rarity and its association with one of New York's most famous landmarks are likely to drive significant interest from collectors and enthusiasts.