$24,000,000. That’s how much the anonymous bidder at the 2014 Sotheby’s Auction paid for the Henry Graves Supercomplication pocket watch - the most expensive watch ever sold. What made this timepiece so valuable? It contains 920 individual parts - 70 jewels, 110 wheels, and 430 screws - so there’s nothing quite like the way it looks and works.
As the name of the watch suggests, it is super complicated. The 1933 device has three functions for timekeeping, six functions related to the calendar, four features connected to Chronograph, four uses under the Chime function, and the remaining seven movements are settings peculiar to the watch.
With a total of 24 unique functions, this Patek Philippe classic timepiece is literally worth a million per complication (also called function).
Patek Philippe has a long standing history of high-quality watch-making. Their masterpieces have always fetched millions at various auctions - they are the favorite pieces of elite collectors of watches. If you need proof, read about this incredibly expensive wristwatch sold at a charity auction.
Luxury timepieces exist because there are buyers. As I understand, these people spend an insane amount of money for extraordinary watches because they a fitting reward for great accomplishments. Others, however, buy to show off their wealth.
If you had the money, would you buy this $24 million pocket watch? And for what reason?