Founded in 1851, Patek Philippe is one of the world’s most luxurious Swiss watch manufactures. Their watches have been worn by the likes of Queen Victoria and Albert Einstein and are just as relevant in today’s watch industry as they were two centuries ago. Borro has compiled a list of the top 5 most expensive Patek Philippe watches sold at auction.
5) Reference 5004T Titanium — $3.99 million
When Patek Philippe decided to stop producing their reference 5004, they marked its end with a final version – the 5004T. It was a unique watch for the brand, using a titanium case which is a material not often used by Patek Philippe. Adding to its uniqueness is the solid gold dial with a pattern engraved by hand. In 2013, it was sold at auction by Only Watch for $3.99 million.
4) Reference 2458 Observatory Chronometer for J.B. Champion — $3.99 million
This is another distinct watch by Patek Philippe. The reference 2458 is a timepiece with Observatory provenance, responsible for finely developed movements. It is also the only 2458 that is in platinum. In 2012, it was sold at the ‘Important Watches, including A Gentleman’s Pursuit for Excellence, Part I’ auction by Christie’s for $3.99 million.
3) Caliber 89 Grand Complication Pocket Watch — $ 4.95 million
Here we have what is considered to be one of the most complicated watches that Patek Philippe has ever made. It was launched to celebrate the watch brand’s 150th anniversary in 1989 and took nine years to create. In 2014, it sold for $ 4.95 million at auction by Sotheby’s
2) Reference 1527 Perpetual Calendar in 18k Rose gold — $5.71 million
This incredible watch was created in 1943 and is still just as elegant today. Its history, including surviving the Second World War, creates a sense of timelessness about this piece. It is a perpetual calendar in a reference 1527 case and one of two of these model numbers. In 2010, it was sold at auction by Christies for $5.71 million.
1) The Henry Graves Jr. Supercomplication — $23.98 million
This watch is one of the most important watches ever made by Patek Philippe. It is 18 karat gold, has 2 dials, 24 complications and is one of the most complex watches ever made. It took five years to make before it was in the hands of its customer in 1933, Henry Graves Jr, a millionaire banker from New York. In 2014, Sotheby’s put the watch to auction and raised an astounding $23.98 million to make it the most expensive Patek Philippe ever sold.
Learn more about financing options using luxury watches.