Yes, it looks like timepieces don’t necessarily need to be made out of luxurious materials in order to sell for millions. In fact, this stainless steel watch by Patek Philippe sold for a record setting sum of $11 million, which is admittedly surprising considering its rather plain looks. What does make this piece stand out, however, is that it incorporates a very rare perpetual calendar chronograph with moon phases.
Moreover, the Patek Philippe Ref. 1518 is kind of a historical piece, as there are very few 1518 models available in stainless steel, just four to be precise. The watch was made in 1941, and it represents the first perpetual chronograph wristwatch to make it into a series production. The bidding war was quite fierce for this Patek Philippe masterpiece, which was eventually taken home by a private collector.