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A Patek Philippe pocket watch. This list of most expensive watches sold at auction documents the watches sold at auction worldwide for at least 1.5 million US dollars.The final price listed is the total price paid by the buyer converted to US dollars, according to the currency exchange rate at the time of auction.
Wittnauer is a watch and clock company, founded in New Rochelle, New York in 1885 by Swiss immigrant Albert Wittnauer, that is now a brand of the Bulova company, which is owned by Japanese conglomerate Citizen Watch Co.
Bulova's "Accutron" watches, first sold in October 1960, [30] use a 360 Hz tuning fork instead of a balance wheel as the timekeeping element. [31] The inventor, Max Hetzel, was born in Basel, Switzerland, and joined the Bulova Watch Company in 1950. [31]
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Loews Corporation was the parent company of Bulova until 2007, when it sold the company to Citizen Watch. [10] On June 4, 2007, Loews Corporation announced it would acquire a portion of the operations of Dominion Resources for $4.03 billion dollars. [11] Loews rebranded the assets HighMount Exploration & Production.
Bulova failed to successfully market the newer quartz watch. Quartz watches were battery-powered and used a vibrating quartz crystal instead of an internal tuning fork, like the Accutron. [2] This gave the quartz watches greater timing accuracy. [2] The Bulova Watch Company began to lose money in the 1970s. The company reported a loss in 1975. [2]
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