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Old 26 June 2006, 09:33 AM   #1
Otis
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Join Date: May 2006
Real Name: Urs
Location: QLD AU
Watch: Omega x 2
Posts: 2,046
Loose change.....

...yeah right!

An interesting little curio I came across in the Sydney Morning Herald....

TIME IS MONEY

The second-most expensive watch ever sold at a London auction fetched an extraordinary £347,200 ($A863,000) at Bonham's last month. And it wasn't even antique. The Patek Philippe 3974 wristwatch was made in 1994, a rare platinum automatic self-winding watch with a perpetual calendar and moon phase. Its 28mm diameter case contains 467 parts including a micro-motor. The successful bid was placed by an anonymous European buyer


(Not knowing my PP's, not sure if that's the right watch, but it's the one they showed)

So this left me wondering....what's the most expensive watch sold?
I found this:

"A 1933 gold Patek Phillipe with 24 complications.

The watch had been the final chapter in a game of elite one-upsmanship played out through the 1920s between New York financier Henry Graves Jr. and automotive innovator James Packard. Each successively commissioned more than a dozen timepieces, each better than the other's until Graves commissioned the ultimate watch feasible at that time, a watch that took three years to design and five years to produce.

According to Forbes magazine, "When completed in 1933, the watch had a different horological function for each hour of the day and included a chart of the nighttime sky over Graves' home in New York."

The watch sold at auction by Sothebys in 1999 for US $11,003,500."


I'll have three, thanks!
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