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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.
The watch remained with the Newman family for over 50 years before finally hitting the auction block, where it sold for $17.75 million, making it the most expensive Rolex ever sold publicly.
It was the collaboration of 20 Swiss watch companies and the movement was utilised by Rolex, Patek Phillipe and Omega amongst others. The Beta 21 movement used in the Electroquartz was accurate to 5 seconds per month, far better than any automatic or manual wind movement of the day.
[2]: pages 221-222 As at December 2022, only Patek Phillipe and Rolex watches have achieved higher prices. Six of his watches have each sold for in excess of USD$1.5 million. [citation needed] Producing a single watch and its components required 2,500 hours from Daniels, over about a year. [3]
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Quartz clocks and quartz watches are timepieces that use an electronic oscillator regulated by a quartz crystal to keep time. This crystal oscillator creates a signal with very precise frequency, so that quartz clocks and watches are at least an order of magnitude more accurate than mechanical clocks.
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