Patek Philippe Pocket Watch Sells for $5 Million, Sets New World Record
A Patek Philippe Yellow Gold Calibre 89 pocket watch, the world's most complex timepiece as mentioned by my colleague Ariel Adams last month, just sold for a world record price of CHF 5,120,000, or $5.068 million at Antiquorum's 35th Anniversary Sale in Geneva. "The incredible result realized for the Calibre 89 in our 35th anniversary auction indicates that the market for the most complicated and important watches in the world remains exceptionally strong," notes Antiquorum Chairman Robert Maron. "We are extremely honored to have sold this exceptional and unique timepiece for the second time in Antiquorum's history and are thrilled that we have once again achieved a world record price at auction." With a staggering 33 complications, the watch weighs nearly 2.5 lbs. and has an 18k yellow gold case. It was made to honor the 150th anniversary of the famed Swiss watchmaker.
Reader Comments (Page 1 of 1)
pitts Nov 18th 2009 8:27PM
sad very sad that the world starves and is at war and some clown pays 5 mill for a watch. who uswes a watch anymore anyway. clocks are everywhere , phones , pagers, microwaves, tvs , cars, gpss. very sad indeed
pitts Nov 18th 2009 8:31PM
sad very sad that a clown pays 5 mill for a watch. who uses a watch anyway. clocks are every where. sad that the money wasn't put to better use. they could make a new more expensive gawdy piece of crap tomorrow and this one would be worth only the gold content value. who is phillipe patek anyway? it not like its a rolex or a longines,
deep6phil Nov 18th 2009 10:13PM
A Patek is the finest timepiece ever made. It's a work of art. Rolex is a famous name, but not close to the work put Into many other watchs. If you own a Patek, It's like having a renoir painting on the wall.
Mik's $ Toy Nov 18th 2009 11:54PM
The person must be related to the people in Des Moines, Ia who donated $40 million dollars worth of 'outdoor art' in a downtown parklike area.
apilkey Nov 19th 2009 1:32PM
lol rolex??? dude u can pretty much get those outta cereal boxes... there's PLENTY of better watches out there than a rolex haha. patek philippe being one f them
p_siharath Nov 20th 2009 4:02PM
price has no barring on the magnificent piece of art work; my honorest opinion, it should have been higher