Patek Philippe's third most complicated wristwatch, Ref. 5027P-001, has seen a new record price at Sotheby's Important Watches Spring Sale, held on April 8 in Hong Kong.
The watch, which is described as "doubtlessly one of the most impossible timepieces to obtain", has only been seen at auction twice since its release in 2008. Previously unknown to collectors and still sealed, the example at Sotheby's saw fierce bids to sell for $867,000 - a record price for the model.
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