Wednesday, July 15, 2009

over One Million Watches in Market : $4 million

Patek Philippe’s Platinum World Time

4 million_Patek Philippes Platinum WorlAgain the super hero among the watchmakers Patek Philippe's product "The Platinum World Time" was sold at auction for over $4 million USD in 2002. It is believed that only one was created and, at the time, it was the most expensive wristwatch in the world.

The self-winding watch displays each of the 24 time zones and is known for its readability, user friendliness and having separate and switchable night and day tones.

In fact, Patek Philippe had produced all of the ten most expensive watches in the world. The company, headquartered in Geneva, made their first wristwatch in 1868. They had already made a name for themselves prior to that, however, by providing watches to Queen Victoria herself in 1851. Other notable customers include Pope Pius IX, a king and queen of Denmark, an Italian king and Saddam Hussein’s son-in-law.

Price: $4 million.

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