Rare Patek Philippe watch breaks world record, auctioned for N2.6bn

• A Patek Philippe watch has been auctioned for a surprising amount of N2.6 billion in Hong Kong.
• This amount will be the highest that any timepiece will ever be sold in an online auction.
• The timepiece, a Patek Philippe ‘Sky Moon Tourbillon’, is considered among the most complex timepieces in the world.

A rare Patek Philippe watch has been auctioned for $5.8 million (approximately N2.6 billion). According to Bloomberg, this amount will be the highest that any timepiece will ever be sold in an online auction.

The auction took place in Hong Kong on Tuesday, March 21, 2023, proving that collectors are still willing to shed their pockets for such expensive items despite the troubling world economy.

The auction house, Christie's gave the description of the watch as Patek Philippe ‘Sky Moon Tourbillon’. They said the timepiece is a hand-made enamel dial and white hand-carved case.

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The exact watch with reference number 66002G-001 was first sold in Geneva, Switzerland, in 2015 and is said to be one of the most multiplex watches in the world.

In a statement, Alexandre Bigler, the vice president and head of watches at Christie’s Asia Pacific, said:

There continues to be an extremely vibrant market for watches across the world, evidenced through the avid global bidding this sale witnessed.

Most expensive things in the world

The super-rich own most of the world's most expensive and exclusive items. Some of these items sometimes seem absurd to the average people, but regardless, the super-rich enjoy possessing them because of the joy and satisfaction they bring.

According to a Legit.ng report, these items vary from paintings to jewelries to cars to houses to yachts. A common factor amongst them is that they are usually high priced, way above the average.

Some of these items include the Garçon à la pipe painting ($104 million), Leonardo da Vinci's Salvator Mundi painting ($450 million), Yacht History Supreme ($4.8 billion), Air Force One ($660 million) Villa Leopolda ($506 million) and more.

Source: Legit.ng