Euro Billionaire Commissions $6.5 Million Watch

by Jared Paul Stern (RSS feed)
Oct 21st 2008 at 6:02PM

Apparently not everyone is feeling the bite of the recession. A European mogul has commissioned luxury Swiss watchmaker Vacheron Constantin to create a one-of-a-kind $6.5 million timepiece that will instantly become one of the world's most expensive watches. The design, which may take years to complete, will be many times more precious than Vacheron's Tour de l'Ile timepiece (above) created for the company's 250th anniversary in 2005. Only seven examples of the Tour de l'Ile timepiece, billed as the "world's most complicated double-faced watch", were made for an astounding $1.5 million apiece. A few more commissions of this sort and the luxury watch industry will have nothing to worry about.

[via Affluent Page]

Tags: Swiss watch, SwissWatch, Tour de lIle, TourDeLile, Vacheron Constantin, VacheronConstantin

Filed under: Timepieces / Watches, Wealth

Subscribe to these comments

Reader Comments (Page 1 of 1)

Joel H Robbins Oct 21st 2008 8:35PM

Shame on him! In a world in crisis, this excseeive consumption is obscene. It would be bad enough if we weren't in a financial crisis.

Henry Oct 22nd 2008 1:18AM

Joel, don't be a douche.

Bill Oct 22nd 2008 5:48PM

Joel, it's the guy's money, so he can do what he likes with it - regardless of how excessive and pointless both you and I may think it is.

Also, anyone is just a capable of going out and creating a fortune for themselves as this guy was.

Therefore, I'd suggest you not hate the rich. But, learn from them instead and become one of them.