The Patek Philippe Supercomplication pocket watch sold today for 23.2 million Swiss francs ($24 million) at Sotheby’s in Geneva.
Setting the new record price for any timepiece sold at auction.It has held the record since 1999 when it last sold at Sotheby’s for $11 million.
$24 million dollars is the most anyone has ever paid for a timepiece, including both pocket watches and wrist watches.
Hailed as the world’s most complicated watch made entirely by hand, the Supercomplication was at the center of a battle between two watch collectors who tried to outdo one another other in the 1920s and 1930s.
Its owner was New York-based American businessman Mr. Henry Graves Jr., who had specially commissioned Patek Philippe to merely produce “the world’s most complicated timepiece” – no matter the cost.
Graves paid $15,000 for the watch, which was delivered in 1933, and it is often credited with keeping the Swiss watchmaker in business during the Great Depression. Adjusting for inflation that is roughly $202,000 USD, measured by 2014 dollar values.
The Supercomplication was the world’s most complicated timepiece with a total of 24 different functions.
That wasn’t bested until 1989 by Patek Philippe themselves, with yet another even more complicated pocket watch known as the Calibre 89.
I you would like to learn even more about this truly stunning time-piece, I highly recommend the video in the right-sidebar! Enjoy…
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