Tuesday, 12 November 2019 09:02

Patek Philippe: World Most Expensive Watch Sells For ₦11.2Billion In Switzerland

Written by Boma Bravura Al
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The world's most expensive watch, a £24.2million Patek Philippe, has sold in Switzerland at a Christie's charity auction.

The Patek Philippe Grandmaster Chime, one of the most complex timepieces ever crafted, was won by a private telephone bidder at the Four Seasons Hotel des Bergues in Geneva on Saturday.

It was expected to sell for around £2million but smashed the previous record of £13.5million held by a Rolex Daytona once owned by Hollywood star Paul Newman which sold in 2017.


The watch features a patented reversible case which can be turned to show two dials, one in rose gold, the other in black ebony.

The bidding started at 5 million CHF (approximately $5 million) and by the time it was over, a new world record had been set for the highest price paid for any watch sold at auction, ever.


Sabine Kegel, the head of Christie's watch department in Geneva, said it 'does nearly everything except making coffee.'



The watch is loaded with four spring barrels to create 20 complications, in watch making this is is any function that exists in addition to telling time and has five chiming modes.

Two chimes are patented world firsts: an acoustic alarm which sounds at a preset time and a date repeater which can sound the date whenever the wearer wishes.

 

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