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King Farouk

Rare gold watch once owned by Egyptian king up for auction

DUBAI: A rare gold watch once owned by Egypt’s King Farouk is expected to fetch $400,000 (285,370 pounds) to $800,000 when it auctions this week at Christie’s in Dubai. Made in 1944 and embossed with old Egyptian royal crest, the Patek Philippe 1518 with perpetual calendar and chronograph is said to be one of only 281 such models ever made by the prestigious Swiss watchmaker. The watch is the cover lot for the auction on Friday, with the value of the sale expected to be announced on Saturday. King Farouk, Egypt’s…