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| December 25, 2009 |
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Home » Finer Things
Finer Things
World’s Most Expensive Rolex Watches
By Staff Writer
Rolex, according to Business-Week, is one of the world’s 100 most valuable brands. The Swiss company’s timepieces are almost synonymous with wealth and status, but Rolex is curiously absent from the list of the world’s top ten most expensive watches. That’s why we’ve decided to let you know about the most expensive Rolex watches in the world.
The most expensive Rolex ever sold at auction was a “Paul Newman” Rolex Oyster Cosmo-graph “Daytona” sold at a Sotheby’s event in June, 2003. This prototype wristwatch, featuring a red dial and black sub-dials, was produced in 1979. It sold for £210,000—around US $350,000.
Rumors persist regarding a Rolex sold at Selfridges in London for a fantastic price of £8 million—over US $15 million—but they seem to be rumors only.
Most Expensive Pocket Watch
By Staff Writer
In 1933, Patek Phillipe delivered a gold coach watch to New York banker Henry Graves Jr. dubbed the “Supercomplication”. For over a decade, Graves had taken part in a vain competition with another of America’s richest elites, Ohio automobile engineer James Ward Packard to have commissioned a watch with the most complications in the world. The horology term ‘complication’ refers to a mechanical feature beyond the simple hours, minutes, and seconds movement. The Graves Supercomplication watch had 24 complications, and took over five years to design and manufacture the 900 parts making up the complicated and expensive pocket watch. Packard ended up losing the competition at this point.
The Graves Supercomplication had more complications than any other timepiece ever created until Patek Phillipe outdid themselves in 1989 with the Caliber ‘89, which surpassed the Supercomplication by containing 33 complications. Among the secondary functions featured by Graves’s pocket watch was a celestial chart based on the night sky above Graves’ home in New York! After Graves died the watch ended up in Seth G. Atwood’s Time Museum in Rockford, Illinois from 1953 to 1999.
When the museum closed in 1999, the watch was sold at Sotheby’s Masterpieces from the Time Museum auction. On December 2, 1999 the world’s most expensive pocket watch ever became the Graves Supercomplication when an anonymous Middle Eastern collector made the final bid of $10 million dollars.
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