×
163
Fashion Jobs
L'OREAL GROUP
Executive - Sales - Matrix - Cochin
Permanent · Kochi
SUBIR SINHA
General Manager Production Manager
Permanent · Kanpur
RIVAARA LABS
we Are Area Sales Manager Like You to Join Our Sales Team
Permanent · Nashik
CAPITAL PLACEMENT SERVICES
sr.Manager Production Grinding Machines For Vadodara Gujarat
Permanent · Vadodara
L'OREAL GROUP
Area Sales Manager - South Bengal
Permanent · Kolkata
FUTURES AND CAREERS
Job Requirement For "Assistant Production Manager"
Permanent · Renigunta
KEWAL KIRAN CLOTHING LTD
Area Sales Manager (Channel Sales) Rajasthan, Jaipur
Permanent · Jaipur
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager- Doorstep Gold Loan(Chennai)
Permanent · Chennai
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Thane
PROJOBS
Manager Accounts - Garment Manufacturing (Cma)
Permanent · Coimbatore
HECTOR AND STREAK CONSULTING PVT LTD
Production Manager- Diagnostic Portfolio
Permanent · Mumbai
ELITE DECOR PVT LTD
Production Manager & Production Supervisor
Permanent · Vadodara
L'OREAL GROUP
Sales Executive - Professional Division - Bhopal
Permanent · Bhopal
L'OREAL GROUP
Executive - Sales Cpd - Bhatinda (n)
Permanent · Bathinda
L'OREAL GROUP
Sales Executive - Cpd - Bhatinda
Permanent · Bathinda
L'OREAL GROUP
Area Sales Manager, Cpd - Chandigarh
Permanent · Chandigarh
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Lighting Retail Sales (Rajkot)
Permanent · Rajkot
ELECTRONICA FINANCE LTD
Area Sales Manager - Bangalore Machinery Loan
Permanent · Bengaluru
NANDANI CREATION LTD
Production Manager
Permanent · Jaipur
ELECTRONICA FINANCE LTD
Area Sales Manager - Kolhapur Machinery Loan
Permanent · Kolhapur
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
By
AFP
Published
Nov 12, 2014
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Watch fetches record $21.3 million at Swiss auction

By
AFP
Published
Nov 12, 2014

GENEVA, Switzerland - A Patek Philippe gold watch billed as the most expensive in the world fetched a record $21.3 million (17.1 million euros) on Tuesday when it went under the hammer in Switzerland.

The sale of the "Henry Graves Supercomplication", a handcrafted timepiece named after its original owner, a New York banker who ordered it in 1925, was the main event at a jewel and watch auction held in Geneva.

Henry Graves Supercomplication watch | Photo: Sotheby's



The watch, which weighs more than half a kilo and comprises 900 separate parts, had been estimated to go for a lower amount, $15 million.

But frenzied bidding between five hopeful buyers pushed the price up ever higher over 15 minutes, and the final amount paid was "a new world record," Sotheby's said.

The winning bidder, who remained anonymous, will have to fork out a total of $24 million, including the commission.

It took Patek Philippe five years to put the watch together. Graves's name is right there on the dial.

It was the most complicated watch built for 56 years, and is only superseded in that regard by later watches built with computerised assistance.

Tim Bourne, Sotheby's worldwide head of watches, said the sale confirmed the watch's "superstar status".

Bourne called it an "icon of the 20th century, a masterpiece that elevates the discipline of watchmaking to art".

- 'Symbolises strength, power and money' -

A watch industry expert told AFP before the auction the timepiece was not just an immensely expensive accessory.

"This is not a watch you can wear. It is a watch that symbolises strength, power and money," he said.

The Patek Philippe piece displays not only the hour but also a plethora of other indicators: a perpetual calendar, the phases of the moon, sidereal time, indications for the time of sunset and sunrise, and the shifting night sky over Manhattan.

Its Westminster chimes sing joyfully every 15 minutes

The watch has been on the block once before, at a Sotheby's auction in New York in December 1999, when the Time Museum in Rockford, Illinois closed its doors and emptied its inventory.

That time, the exquisite timepiece went for a mere $11 million, again to a buyer who remained unidentified.

The watch was among 368 timepieces that were up for auction on Tuesday. The lots, including the Graves timepiece, fetched a total of $32.6 million.

- Jewels under the hammer -

Sotheby's and rival house Christie's were also both hosting their traditional Magnificent Jewel sales this week, with Christie's headlining its sale Tuesday with a piece drawn from the French Crown jewels.

The mythical diamond-decked "Feuilles de Groseillier" brooch was commissioned by Empress Eugenie in 1855 and was created by French jeweller Alfred Bapst.


The Feuilles de Groseillier brooch | Photo: Christie's



Sotheby's was also presenting a bit of royal history at its competing auction on Wednesday, offering up a stunning pearl necklace that once belonged to Josephine de Beauharnais (1807-1876), who became queen of Sweden and Norway.

Sotheby's jewel chief David Bennet suggested the pearls, expected to fetch up to $1.5 million, may even have been handed down by the queen's grandmother and namesake, the first wife of Napoleon Bonaparte.

"It may well be that these pearls were originally in her collection as well," Bennet told AFP.

Sotheby's will also be offering several pieces from the Dimitri Mavrommatis collection of precious stones and avant-garde jewellery, led by the "Graff Ruby".

The glimmering 8.62-carat blood-red rock, mounted on a ring, was acquired by Graff in 2006 for $3.6 million and later sold to Dimitri Mavrommatis for an undisclosed sum.

It is expected to fetch $6.8-9.0 million at Wednesday's auction.

Wealthy collectors from around the world have descended on the Swiss city for the action-packed days at the two competing auction houses.

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.