Patek Philippe Pocket Watch Sells for $5 Million, Sets New World Record

by Jared Paul Stern (RSS feed)
Nov 18th 2009 at 8:02PM

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.

Tags: Antiquorum, Geneva, Patek Philippe, PatekPhilippe, pocket watch, PocketWatch, world record, WorldRecord

Filed under: Timepieces / Watches, Auctions

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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,