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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.
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% .
Audemars Piguet Holding SA (French pronunciation: [odmaʁ piɡɛ]) is a Swiss manufacturer of luxury watches, headquartered in Le Brassus, Switzerland. [2] [3] The company was founded by Jules Louis Audemars and Edward Auguste Piguet in the Vallée de Joux in 1875, acquiring the name Audemars Piguet & Cie in 1881.
A rise in gold prices in 1974 had grave consequences for the watch exporting industry. Between 1970 and 1974 the price of gold rose from 4,850 to 18,000 francs and the value of the US dollar against the Swiss currency fell by up to 40%. As a result, the price of watch exports rose by as much as 250%.
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Take, for instance, the infamous Royal Oak—Audemars Piguet’s first foray into the sports watch, designed by Gerald Genta. Initially divisive, it became a certifiable smash hit, and these days ...
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