Patek Philippe SuperComplication
On November 11, 2014, a hammer fell in Geneva, Switzerland, signaling the end of the long-awaited Sotheby's auction. During this auction, the completely unique Patek Philippe Supercomplication pocket watch was again on sale. Hours after the auction ended, many journalists from the luxury and financial circles enthusiastically reported on the record price of the Supercomplication watch itself, as well as other watches previously auctioned off. The final price offered through an agent to an anonymous person was 23,237,000 Swiss Francs, over 24,000,000 US Dollars.
$24 million is the largest payment ever paid for a watch, including pockets and wristwatches. In my recent book, Most Expensive Watch in the World, I talked about a multi-million-dollar wristwatch that sold for a staggering amount at auction. None of them came close to $10 million, but most were Patek Philippe watches. In fact, we have an article listing the rarest and most expensive Patek Philippe watches. So, which Patek Philippe Supercomplication watch sparked a 15-minute bidding session among the world's top watch collectors that surpassed the highest appraised value of 15 million Swiss francs? Perhaps this is to be expected; In the end, Patek Philippe Supercomplication shouldn't have returned to auction.
- Price: $24 million
