The first watch to be sold for $1,000,000 marked a significant milestone in the world of horology, setting a new benchmark for the value and collectibility of luxury timepieces. This historic sale not only showcased the extraordinary craftsmanship of the watch but also highlighted the growing appreciation for fine watchmaking as an art form.
The Patek Philippe Henry Graves Supercomplication
The Patek Philippe Henry Graves Supercomplication holds the distinction of being the first watch to be sold for $1,000,000. Commissioned by American banker Henry Graves Jr. in 1925, this pocket watch is renowned for its complexity and beauty. It was designed to be the most complicated watch ever made at the time, featuring 24 complications, including a perpetual calendar, minute repeater, and celestial chart of the night sky over Graves' home in New York.
Auction and Historic Sale
In December 1999, the Henry Graves Supercomplication was auctioned by Sotheby’s in New York. The watch sold for a staggering $11 million, making it the first watch to exceed the $1 million mark by a significant margin. This sale underscored the exceptional craftsmanship and historical significance of the watch, as well as the growing interest in collecting fine timepieces.
Craftsmanship and Complexity
The Henry Graves Supercomplication is a testament to Patek Philippe’s mastery of watchmaking. The watch took five years to design and another three years to manufacture. Its 24 complications were unprecedented at the time, making it a marvel of horological engineering. The intricate details and functionality of the watch continue to captivate collectors and enthusiasts.
Legacy and Influence
The historic sale of the Henry Graves Supercomplication set a new standard for the value of luxury watches. It highlighted the potential for fine timepieces to be appreciated as works of art and valuable investments. This sale also paved the way for future record-breaking auctions, cementing the watch’s place in horological history.
In conclusion, the Patek Philippe Henry Graves Supercomplication’s sale for over $1,000,000 was a landmark event in the world of horology. Its extraordinary complexity, craftsmanship, and historical significance continue to inspire awe and admiration, making it a true masterpiece of watchmaking.
