I was ONLY $24 million short on my bid:

World's 'most complicated' Patek Philippe gold watch sells for record $24.4 million

The Henry Graves 'Supercomplication' timepiece sold for $24 million at Sotheby's 2014 Important Watches sale, breaking its own record for a watch sold at auction.

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Sotheby's 2014 Important Watches sale

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STORY HIGHLIGHTS

• The Henry Graves Supercomplication watch sold for $24.4 million
• It is the most expensive watch to sell at auction, smashing its own record of $11 million
• Made by Patek Phillipe in 1933, it's most advanced timepiece made by hand
• The watch has 24 functions other than telling time

Luxury watch brand stays independent

Patek Philippe clock sells record $2.3M

(CNN) -- The most "complicated" handmade watch in the world has been sold at auction for an historic $24.4 million.

The Henry Graves Supercomplication timepiece, made by the luxury watchmaker Patek Philippe in 1933 for the prominent banker Henry Graves, was sold at Sotheby's in Switzerland.

The sale smashed the world record for the most expensive watch ever sold at auction, which was previously held by the same watch. In 1999, it was sold to Sheikh Saud Bin Mohammed Bin Ali Al-Thani of the Qatari royal family, for $11 million.

The watch was released in 2014 to coincide with the 175th anniversary of the Swiss watch maker. The sale has benefited from the boom in Patek Phillippe auction values over the last 15 years.

The term "complication" is a technical one, and refers to any aspect of a watch that offers a function that is not simply telling the time.

The timepiece -- which has been called "the most important watch in the world," "one of the wonders of the world," and "the collector's holy grail" -- boasts 24 such complications.

These include grande and petite sonnerie (chimes), which emulate the bells of Westminster; a record of the phases and age of the moon; sunrise and sunset indications; a "perpetual calendar" that makes automatic adjustments for month and year; and a celestial map of the New York sky.

http://www.cnn.com/2014/11/12/business/24-million-gold-watch-sothebys-record-patek-philippe/index.html?hpt=hp_t5

Good for them and good for those filthy rich Arab sheikhs.

I find jewelly, expensive watches, diamonds, gold, all those luxury items rather disgusting, and I can´t take men and women seriously who are into these things (yes, sometimes this includes some of my favorite rappers, and Prince, too).

How obscence and vulgar.

KoolEaze said:

Good for them and good for those filthy rich Arab sheikhs.

I find jewelly, expensive watches, diamonds, gold, all those luxury items rather disgusting, and I can´t take men and women seriously who are into these things (yes, sometimes this includes some of my favorite rappers, and Prince, too).

How obscence and vulgar.

I love a good watch but once u get over $100,000 that is a bit much.

They lose me after that price point.

Graycap23 said:

KoolEaze said:

Good for them and good for those filthy rich Arab sheikhs.

I find jewelly, expensive watches, diamonds, gold, all those luxury items rather disgusting, and I can´t take men and women seriously who are into these things (yes, sometimes this includes some of my favorite rappers, and Prince, too).

How obscence and vulgar.

I love a good watch but once u get over $100,000 that is a bit much.

They lose me after that price point.

I haven´t had a watch since ,what, 1999? Maybe 2000? And I´d never pay more than 70 bucks maximum....maybe not even that much. I really hate status symbols that serve no purpose. An expensive watch is not going to slow down the sands of time.

I was into those things when I was younger but these days I find gold, diamonds and expensive watches superfluous, obscence, vulgar and disgusting. And boring.

And ugly.

KoolEaze said:

Graycap23 said:

I love a good watch but once u get over $100,000 that is a bit much.

They lose me after that price point.

I haven´t had a watch since ,what, 1999? Maybe 2000? And I´d never pay more than 70 bucks maximum....maybe not even that much. I really hate status symbols that serve no purpose. An expensive watch is not going to slow down the sands of time.

I was into those things when I was younger but these days I find gold, diamonds and expensive watches superfluous, obscence, vulgar and disgusting. And boring.

And ugly.

They can be great investment tools. See above.