Record Setting Watch Sold at $5 million

HOME

MAGAZINE

NAT NEWS

FEATURE

SCENE

Haute Living Miami Dec/Jan 2012

Record-Setting Watch Sold at $5 million

by Ebony Montenegro

Forget real estate and private jets, it looks like true luxury is all in the pocket watches. And if reports of a bad economy are keeping some buyers at bay, other folk are ready to dish out the cash on some pretty interesting toys.

The Patek Philippe Yellow Gold Calibre 89 pocket watch has set a new world record. Sold at $5.068 million at Antiquorium’s 35th Anniversary Sale in Geneva, the watch weighs a hefty 2.5 pounds, has an 18k gold face, and 33 complications. I wonder where one would wear such a pricey timepiece.

The watch was made in honor of the 150th Anniversary of the watchmaker. “We are extremely honored to have sold this exceptional and unique timepiece for the second time in Antiquorum’s history and are thrilled that we have once again achieved a world record price at auction.” Antiquoram Chairman Robert Maron said.

Via: Luxist

Nov 19, 2009 5:29 PM

Read 0 Times

Elizabeth Taylor's Jewelry Sets A World Record For Most Valuable Private Collection of Jewels Sold At Auction

Elizabeth Taylor collected jewelry in the same likeness as she collected husbands. The late glamorous diva was known for her love of jewelry and her collection now sets a world record for most valuable private collection of jewels sold at auction.

by Carla Thomas, Dec 17, 2011 2:16 AM

RM Auctions Sets New World Record for a Mercedes-Benz Sold at Auction in Monterey Sale

RM Auctions, the world’s largest collector car auction house, continued its strong track record in Monterey, California on Monday, setting a new world record for a Mercedes-Benz sold at auction and a record for selling 12 automobiles for individual million-dollar-plus results.

by Lexi Holzberg Kritzer, Aug 25, 2011 5:48 AM

Pétrus Auctioned at Record-Breaking High

Pétrus, one of the most prestigious names in the wine industry, is having an excellent year. A 12-bottle case of 1961 Pétrus sold for a record-breaking $144,000 at Christie's auction on October 29.

by Rachel Willis, Nov 8, 2011 10:40 PM

Luxury Vehicles Have Record Sales

In the midst of a recession and with rumors of default on the national debt, the U.S. economy is in sorry shape, and Americans are feeling the pressure that comes with such times. However, one surprising industry is doing exceptionally well this year, knocking out last year’s figures and setting a...

by Mary Nagle, Jul 8, 2011 8:00 AM

Near-Record Number of Las Vegas Homes Sold in August

Las Vegas Realtors say southern Nevada homes sold at a near-record pace during the month of August thanks to high demand among investors. The Greater Las Vegas Association of Realtors said Thursday that 4,693 homes and condos sold last month, up more than 600 from July numbers. August sales were...

by Lexi Holzberg Kritzer, Sep 13, 2011 1:08 PM

Haute Estate: The Setai Penthouse Villa A Sells for $21.5 Million

Setting a new real estate record for Miami-based Zilbert Realty Group, Penthouse Villa A located at The Setai Resort and Residences in South Beach has just sold for $21.5 million.

by Alison Cavatore, Dec 16, 2011 11:53 PM

Value of Pop Art on the Rise

Made famous by iconic artists such as Andy Warhol and Roy Lichtenstein, pop art continues to rise in value as highly-sought after pieces sell for millions of dollars.

by Alison Cavatore, Feb 3, 2012 3:55 PM

The World’s Most Expensive Beach Apartment Sold for $21.5 Million Dollars

The South Beach condo was sold below its listed price at $21.5 million, less than 5.5 million of the asking price. Despite the low sell, Penthouse A at the Setai South Beach Resort in Miami set a new record for being the most expensive single condo unit to be sold. The South Beach apartment was sold...

by Laura Yarborough, Dec 12, 2011 8:07 PM

Ferrari 250 Testa Rossa Sets Auction Record

A 1957 Ferrari 250 Testa Rossa just sold for $16.4 million at the Gooding & Co. sale in Monterey, California. The sale was one of many automotive events in connection with the annual Pebble Beach Concours d’Elegance car show, and the $16.4 million price tag is a new record for cars sold at au...

by Lexi Holzberg Kritzer, Aug 23, 2011 3:38 PM

Gary Nader's First Auction House During Art Basel A Complete Success

by Ashley Joy Parker, Dec 4, 2011 3:15 PM