I watched the auction live, via the internet, and here is an excellent report on this historic event --

http://www.bloomberg.com/news/2014-11-11/patek-philippe-supercomplication-sets-record-24-million-timepiece-price.html

Yes, this old chronograph sold for $24 million (final price).

Jeff

++++++++++++++++++++++++++++

: Here's the report on Hodinkee , that Sheikh Saud Bin Mohammed
: Al-Thani, the owner of the Graves Supercomplication [we think],
: has died, at age 48, the day before the watch was to be sold.

: As pointed out in this excellent posting on Fortune , the watch is
: being offered as "guaranteed property", meaning that
: there is some sort of reserve or other arrangement between
: Sotheby's and the owner. Recall that the Sheik had turned the
: watch in to Sotheby's in 2012, in partial settlement of his $80
: million debt to the auction house.

: Yes, folks, all this is "complicated" . . . Rest in Peace
: to one of the world's great collectors.

: Jeff

: ++++++++++++++++++++++++++++++

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