Back in 1999, a watch sold at auction for $11 million, setting a record that was blown out of the water for the first time ever this week. A rare Supercomplication Patek Philippe pocket watch, made in 1932, has just sold at Sotheby’s for $24 million. Yes, it sports 24 complications and 920 components (including 70 jewels), but it also has a backstory. New York banker Henry Graves Jr. commissioned the piece in a challenge with car manufacturer James Ward Packard to develop the most elaborate watch imaginable. It appears Graves won.