With the holiday season in full swing, you might begin to sweat as you watch your bank account slowly but surely drop below a comfortable level. Should you find yourself racing to sell your old University texts for a quick buck, the price tag for this recently-sold Patek Philippe Watch could make you feel a little better (or worse).
While you were out haggling the price for a cute bracelet, an auction sold this stunning Patek Philippe Reference 1518 sold for $11.1 million, making it the most expensive wristwatch ever to be purchased. Now, if you had ridiculously rich friends, this may be the perfect gift for them this Christmas – but you probably don’t, so count your blessings!
The reason why this particular timepiece was so expensive may be because it is a part of an incredibly rare line dates back to 1943. It includes a tachymeter scale, Arabic numeral hour markers and a calendar complete with the phases of the moon – swanky AF.
The estimated value of this watch (the first of four of this particular line) was about $3 million, but a 13-minute bidding battle ensued, upping the price to $11.1 million total.
We can’t wait to find out the price of the other three when they are auctioned off!