Patek Sells at Auction for $815k+ - Page 2

Gotcha. I own a watch with a rattrapante... so I like the function, however there are very complicated watches that do not have a rattrapante, to say nothing of a chrono. Ex:

I've often wondered: Is a Patek like a Rolex for high rollers?

I'm not sure I understand the question... a platinum Rolex day date with president bracelet is about $60K. Also, a 'Paul Newman' Daytona sold for $470K at auction: http://www.luxuriesse.com/a-paul-new...ls-for-470000/

Patek's are so classy!
$815k, helluva investment, im sure you could flip it for more a few years later

I mean, is it more of a status symbol?

A Rolex is a status symbol for the middle class, eclipsing any technical details it can offer.

Is a Patek a status symbol for high rollers in the same way?

I guess... I mean there are A LOT of other high-end watch companies that cost the same that have the same status: Lange, VC, AP, Breguet, etc... At a certain level of wealth the pissing contest isn't what you have, since you have enough money to pretty much buy anything, at any time, anywhere. Rather, how much actual liquidity you have available. A person with $35 billion can only show off to a person with $27 billion that they have $8 billion more.