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.