{"id":107789,"date":"2015-12-23T13:00:27","date_gmt":"2015-12-23T11:00:27","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=107789"},"modified":"2015-12-23T12:17:06","modified_gmt":"2015-12-23T10:17:06","slug":"this-is-the-most-expensive-wristwatch-in-the-world","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/107789\/this-is-the-most-expensive-wristwatch-in-the-world\/","title":{"rendered":"This is the most expensive wristwatch ever sold"},"content":{"rendered":"

Luxury watchmaker Patek Philippe & Co has sold the most expensive wrist watch in the world – adding another to its long history of record sales.<\/p>\n

Patek Philippe & Co is a Geneva-based ultra luxury watch maker that is famous for its Super-complication watches which have sold for record amounts at auction.<\/p>\n

At a charity auction in Geneva, a one-of-a-kind Patek Philippe wristwatch sold for $7.3 million (R110 million) – making it the most expensive wristwatch sold publicly.<\/p>\n

As is typical of the brand, the stainless steel watch has a number of complications, which include a tourbillon, minute repeater, and retrograde perpetual calendar – all on your wrist.<\/p>\n

The watch carried an estimate of just under $1 million (R15 million).<\/p>\n

The group has broken and held the record for the most expensive timepieces sold for a number of years.<\/p>\n

In November 2014, a Patek Philippe Super-complication pocket watch sold for an astounding $24 million\u00a0(R362 million)\u00a0at a Sotheby\u2019s auction, following a previous record of $11 million (R166 million) in 1999.<\/p>\n

\"Patek

Patek Philippe Supercomplication<\/p><\/div>\n

Other products in the Patek Philippe range are relatively more affordable, selling from anywhere between $19,000 (R286,000) into the millions.<\/p>\n

According to New World Wealth, Patek Philippe is the largest of the super-luxury watchmakers, accounting for 3.0% of global watch revenue.<\/p>\n

More on watches<\/h3>\n

Most popular super-luxury watches in SA<\/a><\/strong><\/p>\n

How to order the Tag Heuer Android smartwatch in South Africa<\/a><\/strong><\/p>\n

This is where you can find the Apple Watch Edition in South Afric<\/strong>a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Luxury watchmaker Patek Philippe & Co has sold the most expensive wrist watch in the world – adding another to its long history of record sales.<\/p>\n","protected":false},"author":10,"featured_media":107791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,9377,10945,8810],"class_list":["post-107789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-luxury","tag-patek-philippe","tag-watch"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/107789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=107789"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/107789\/revisions"}],"predecessor-version":[{"id":107837,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/107789\/revisions\/107837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/107791"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=107789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=107789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=107789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}