Is It Time to Invest in Watches? How about $5 Million for a Patek Philippe Watch?

by Fred Fuld III

Christie’s recently set a global record for the most expensive watch auctioned online.

The watch is a Patek Philippe Grand Complications ‘Sky Moon Tourbillon’ that was hammered at US$ 5.8 million (HK $45.4 million), above its high estimated.

The auction was part of the Christie’s Hong Kong Top Of The Time Watches Online.

Top Lot – Lot 111: Patek Philippe,
Grand Complications ‘Sky Moon Tourbillon’ , Ref. 6002G-001
Source: Christie’s

Here are the details on the watch:

Circa: 2015
Case material: 18k white gold
Diameter: 44 mm.
Strap material: Dark blue Patek Philippe CROCODILE strap
Dial: Blue cloisonné enamel
Movement: Manual
Functions: Cathedral minute repeating, tourbillon, perpetual calendar, retrograde date, moon phases, leap year indication, sidereal time, sky chart, phases and orbit of the moon
Buckle: 18k white gold hand-engraved Patek Philippe deployant clasp
With: Patek Philippe Certificate of Origin, Rate Accuracy Certificate, matching cufflinks, setting pin, sales tag, product literature, leather portfolio, leather holder, presentation box, additional presentation box with winding mechanism and outer packaging

An investment you can wear. It will even tell you the time.