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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.
On 11 November 2014, the watch was sold in Geneva, Switzerland. The final price, bid by Aurel Bacs serving as proxy for an anonymous entity, reached 23,237,000 Swiss Francs, equivalent to US$24 million at the time. The sum established a new highest price for a timepiece, including both pocket watches and wristwatches. [18]
In 2005, Richard Mille and the French designer Philippe Starck made their first collaboration, producing a single "RM 005-1 Richard Mille by Philippe Stark", which was sold at auction in Monaco for €285,000, the highest price for an automatic watch at that time, for the benefit of the charity association Only Watch. [58]
Prices paid for the holy trinity of Swiss watches — Rolex, Patek Philippe, and Audemars Piguet — fell 4.9%, 6.5%, and 7.4%, respectively. This follows a rough 2023 when Rolex prices fell 8.2% .
Rolex watches, which aren’t known for their affordability, are getting even more expensive this year with the soaring price of gold to blame. Prices on some of the Swiss company’s gold watches ...
Since the 2000s, Patek Philippe timepieces have repeatedly fetched high prices in auctions worldwide. As of 2023, among the world's top ten most expensive watches ever sold at auctions, nine were Patek Philippe watches. Among the top 58 most expensive watches sold at auction (over 2 million US dollars), 46 are Patek Philippe watches.
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