A platinum Patek Philippe tourbillon watch became the most expensive modern wristwatch to be sold at auction when it fetched HK$11.75 million ($1.49 million) in Hong Kong on April 10, 2008.The "Ref. 5002 P Sky Moon Tourbillon" wristwatch with a double dial is considered the most complicated wristwatch ever produced by the renowned Swiss watchmaker. Only two such watches are made every year, one in platinum and one in rose gold. The watch, made in 2003, was bought by an Asian private buyer at the Sotheby's auction.
The previous auction record for a modern wristwatch was a Vacheron Constantin Tour de l'Ile, ranked 2nd on this list, which was sold by the auction house Antiquorum for $1.4 million in Geneva in 2005.
The Sky Moon Tourbillon Ref. 5002 is the most complicated wristwatch ever produced by Patek Philippe and also the workshop's first double-face wristwatch. Its movement consists of 686 parts, some of which are microscopically small. This rare and exceptional timepiece features mechanical movement that must be manually wound, a minute repeater with tourbillon escapement, chime with two “cathedral“ gongs activated by a slide piece in the case, perpetual calendar with retrograde date hand, hours and minutes of mean solar time, day, month, leap year by hands and moon age. The platinum case measures 42.8 mm.
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