What time is it? The answer for only 1.5 million dollars

A rare golden watch is being offered on eBay by an Israeli jeweler who insists: "This in not an excessive price."

December 11, 2013 15:57
Golden watch auctioned on eBay.

golden watch 370. (photo credit: Dror Schneider)

Israeli jeweler Chaim Schneider is selling a gold pocket watch for $1,450,000. The company listed the item for sale on eBay the internet based auction house. It is Patek Philippe 14 function Grande Complication Pocket watch of which only 12 were ever made. The present watch was sold to a US buyer in 1993 for 850,000 Swiss Francs. The pocket watch is been sold with the original bill of sale and the original leather and mahogany box

Dror Schneider the companies’ VP told The Jerusalem Post. “This is not an excessive price for such a unique and rare piece. A similar watch with two lesser complications was sold in Christie’s New York  last June for $2.3 million.”

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Why at eBay and not at one of the high-end auction houses such as Christies or Sotheby's? Schneider said that while eBay is not the only option, it has given them global exposure.

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