Would you spend a million dollars on a Patek Philippe? Or, better yet, $4 millon on a Breguet? Some people did. Recently Christie’s, the world’s leading auction house, reported that sales of fine rare and watches is on the increase – with nearly $63 million spent on this categoery in the first half of 2012.
The leaders of the pack when it came to single-sale high-ticket items included a Patek Philippe watch — A 1963 18K gold world time wristwatch with two crowns – that set a world record price of $1,022,500 and a 955 Patek Philippe 18K gold wristwatch with cloisonné enamel dial depicting the North American continent: world record price of $2,992,680 (Geneva). Topping them both was the sale of a rare early nineteenth-century Breguet & Fils 18K gold watch with two movements, setting a world record price for a watch by Breguet at auction (sold in Geneva). It sold for $4,686,120.
We here at Atimelyperspective would love to tell you more about the people who purchased these watches, but unfortunately that information is confidential. I know I would love to hear about their other timepieces, because if you are spending this much for a watch – we know you have more!