$2.5 Million Watch Sells Out Few Months After Its Debut

Patek Philippe’s $2.5 million Grandmaster Chime watches sold out just months after they debuted, a sign of the buoyancy at the top of the luxury-goods market as buyers paid as much for a timepiece as they could have spent on a yacht.

The Grandmaster Chime, which rings out the
time, displays two time zones and adjusts
for leap years, costs about as much as a 64-
foot Italian-made Azimut yacht with oak
and leather interiors and a walk-in closet.
While the Swiss watch industry has been
suffering a slowdown in demand, Patek
Philippe has been expanding and earlier
this year unveiled a 450 million-franc ($452
million) investment plan.-Businessoffashion

Would you buy this watch if you can afford it?