A stolen white gold Patek Philippe Replica Watch has been recovered by the Art Loss Register, according to a news release.
The ALR discovered the watch at a sale in New York last week, and identified it through its database of lost and stolen replica watches. Estimated to be worth somewhere between $20,000 and $25,000, the watch ended up going for $27,500 at the New York auction, the full total of which went back to the insurer.
It was stolen from the arm its owner, a Swiss art collector, while he was walking through the crowded town center in Naples in July of 2014. Following the theft, he notified the watch’s insurer, who registered it with the ALR. The Register had been searching for it ever since, and discovered it as soon as it came to market.
Based in London, the ALR is the largest private database of stolen art and collectibles in the world.