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450SEL6.9 · 04-13-2007, 10:42 PM

Just found this. I don't know if this was the reason for the auction, but Lord Sandberg was a majority stockholder in a failed bank, Amtrade Bank. The bank was shut due to losses in Latin America in mid 2002. However, the auction for his watches was held in April.

04-13-2007, 10:42 PM	#133 (permalink)
450SEL6.9 Inactive Account Join Date: Oct 2005 Posts: 825 My Mood: Thanks: 57 Thanked 60 Times in 54 Posts	Re: The most expensive watch in the world. Just found this. I don't know if this was the reason for the auction, but Lord Sandberg was a majority stockholder in a failed bank, Amtrade Bank. The bank was shut due to losses in Latin America in mid 2002. However, the auction for his watches was held in April.