The most expensive pocket watch sold at auction is the Henry Graves Jr Supercomplication, a gold, double-dialled watch crafted by hand between 1925 and 1932 by Patek Philippe of Switzerland. On 11 November 2014, the watch was sold for 23,237,000 Swiss Francs (£15,154,312; $24,073,532) at Sotheby’s in Geneva, Switzerland.
The watch measures 74 mm (2.91 in) in diameter (the same width as a typical smartphone) and is 37 mm (1.45 in) thick, including the domed glass covers on the front and rear faces. Despite its relatively compact size, it weighs 536 grams (1 lb 2.9 oz), which gives an idea of how densely packed the internal mechanisms are. It was sold in its original tulipwood box, inlaid with a mother-of-pearl panel featuring the arms of Henry Graves Jr (1868–1953) – the American banker who commissioned the piece in 1925.
The name of the piece is a reference to Graves’ desire to have the most “complicated” watch in the world. (In horogical terminology, a “complication” is any feature that a mechanical timepiece can perform in addition to telling the time. Common complications include calendars, phase-of-the-moon displays and stopwatch functions.)
The Supercomplication required three years of study in astronomy, mathematics and precision mechanics before a viable design could be finalized. The enormously elaborate mechanism uses 900 individual parts including 430 screws, 110 wheels, 120 various movable parts and 70 jeweled bearings. It took the artisans at Patek-Phillippe – assisted by several other prominent Swiss watchmakers acting as sub-contractors – more than five years to assemble the watch, finally delivering it to Graves on 19 Jan 1933.
The 24 “complications” of the watch include a star chart (calibrated to show the night sky over Graves’ Manhattan apartment on any given night) and a multi-year calendar that will be accurate until the year 2100, as well as various alarm and stopwatch functions. This number of complications remained unbeaten until 1989, when Patek-Philippe released the 33-complication “Calibre 89”. It remains, however, the most complicated watch to have been made without the assistance of computers.
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History of Auctioneering
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A record 56 dresses and evening gowns that had been worn to Academy Awards ceremonies by actresses such as Elizabeth Taylor (UK), Sharon Stone and Uma Thurman (both USA) were auctioned at "Unforgettable: Fashion of the Oscars" at Christie’s, New York, USA, on 18 March 1999.
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A limited edition Swatch watch – one of only 140 made – designed in 1984 by French artist Christian Chapiron (known as Kiki Picasso) sold at auction at Sotheby’s, Milan, Italy in 1989 for $45,000 (£27,450).
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The earliest official online game auction site was Station Exchange. Launched by SOE in June 2005, it provided a legitimate means for players to buy and sell characters, items and money to other players, for real money, woth SOE making a cut from the profits. As well as raising revenue for the company, Station Exchange provides players with a safe way of performing transactions, without having to use third party websites.
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A Hong Kong based investor paid US$2.1 million (?1.3 million) on 28 June 2008 for a lunch date with Warren Buffett, the world’s richest man. Zhao Danyang (Hong Kong) enjoyed a meal for himself and seven friends accopmanied by Mr. Buffett at Smith & Wollensky’s steakhouse in New York.
All proceeds from the auction went to a charity which helps the poor and homeless in San Francisco.
Warren Buffett is an American investor and the largest shareholder and CEO of Berkshire Hathaway.
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The most expensive music single sold at auction is a rare seven-inch copy of unreleased 1965 single Do I Love You (Indeed I Do) by Frank Wilson (USA). It sold for £25,742 ($39,294) to a buyer who wished to remain anonymous. Seller Kenny Burrell, a DJ and record collector stated that he was selling his copy in order to gain credibility as a record expert.
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Portrait of an Artist (Pool with Two Figures), painted by British artist David Hockney (b. 9 July 1937) in 1972, sold for $90,312,500 (£69,547,900; €79,919,300) – including buyer’s premium – at Christie’s auction house in New York City, USA, on 15 November 2018. This makes the acrylic-on-canvas the most expensive painting by a living artist sold at auction to date.
The dimensions of the painting are 213.5 x 305 cm (84 x 120 in).
Portrait of an Artist (Pool with Two Figures) takes this record from Jeff Koons’s Balloon Dog (Orange) – a 3.6-metre (12-foot-high, orange-tinted, stainless-steel sculpture resembling a dog made from balloons that sold at Christie’s in New York City, USA, on 12 November 2013 for $58.4 million (£36.49 million; €43.6 million).
Hockney first created a painting based on this composition in 1971, but unhappy with the results, he destroyed it. The current work was a second attempt, created in April 1972 in just a few weeks (working for up to 18 hours a day) for an exhibition at the André Emmerich Gallery in New York City, USA.
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The most expensive book illustration sold at auction is E.H. Shepard’s “Original Map of the Hundred Acre Wood”, which sold for £430,000 ($571,369; €485,860), including premium, auctioned by Sotheby’s in London, UK, on 10 July 2018.
Ernest Howard Shepard is a renowned English artist, best known for his illustrations in The Wind and the Willows and Winnie-the-Pooh.
The “Original Map of the Hundred Acre Wood” illustration was created for Milne’s Winnie-the-Pooh woodland setting. The illustration is supposed to be the work of the character Christopher Robin and includes locations on the map purposely misspelled (“Big Stones and Rox” and “Nice For Piknicks”). The map is signed off by Christopher with “Drawn by me and Mr Shepard helpd”.
The illustration has remained in a private collection for the past five decades.
The record title was previously, held by E.H. Shepard’s illustration “For A Long Time They Looked At The River Beneath Them…”, a drawing of Winnie-the-Pooh and Christopher Robin playing Poohsticks, which sold for £314,500 ($492,727; €398,031).
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Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois. Since 2011, it has been headquartered in Walworth, Wisconsin. The company hosts various auction events across the United States. Television coverage began in 2008, contributing to the popularity of the events.
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Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. Since 2011, it has been headquartered in Walworth, Wisconsin. The company hosts various auction events across the United States. Television coverage began in 2008, contributing to the popularity of the events.
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