Month: April 2012

Patek Philippe’s Super Complicated Function Table Hits 150 Million Records In Watch Auctions

On November 11, local time, Sotheby’s ‘Precious Watches’ in Geneva was held. An ultra-complex function watch commissioned by Henry Graves in 1925, made by Patek Philippe in 1932, and completed in 1933, was sold for 23,237,000 Swiss francs, or about 147 million yuan, which set a world record for watch auctions.

   This lot was valued at CHF 15 million before auction. The auction process lasts 15 minutes. Both buyers and sellers choose to remain anonymous.

   Sotheby’s introduces this ultra-complex function watch: gold dual dial minute repeater chronograph pocket watch with Westminster Cathedral bells, self-sounding, chasing hands, moon phases, time equation, timekeeping and travel time dual power Storage, flat solar time and stellar time, alarm clock, sunrise and sunset time display, star track at 40 degrees 41 minutes north latitude over New York City.

   It is reported that his former owner was Sheikh Saud bin Mohammed Al-Thani, a member of the Qatari royal family, who sent the watch to Sotheby’s to pay off his debt. On November 9, the world-class collector died at the age of 48.

Circle Of Watches