GENEVA (AFP) – A Patek Philippe gold watch billed as the most expensive – and most complicated – in the world fetched a record US$21.3 million on Tuesday when it went under the hammer in Switzerland.
The sale of the “Henry Graves Super-complication”, a handcrafted timepiece named after its original owner, a New York banker who ordered it in 1925, weighs more than half a kilo and comprises 900 separate parts.
It had been expected to sell for $15 million at a Sotheby’s jewel and watch auction in Geneva.
But frenzied bidding pushed the price up higher, and the final amount paid was “a new world record”, Sotheby’s said.
The winning bidder, who remained anonymous, will have to fork out a total of $24 million, including the commission.