Understated but 'never easy': Why collectors covet Patek Philippe [CNN]
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Source: CNN
Understated but 'never easy': Why collectors covet Patek Philippe New York (CNN) The world record holder for the most expensive wristwatch ever sold at auction isn't a lavishly appointed timepiece encrusted in diamonds or encased in 24-karat gold. Instead, the title belongs to a relatively understated, stainless steel watch made by Patek Philippe in 1943. In November 2016, the watch went for a staggering $11 million to an unnamed private collector, courtesy of the Geneva branch of the Phillips auction house. But don't let its simple appearance fool you. Open the watch case, and you will find nearly 200 individual hand-made components working in harmony in pristine condition in a space a mere fraction of the size of the average smart phone. The inner workings are, to riff on watchmaking parlance, very complicated, a trait that has become a company signature. "Patek Philippe is never easy," says Sandrine Stern, the brand's head of creative and wife of Patek Philippe president Thierry S
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