Audemars Piguet Reclaims Historic Pocket Watch at Auction
It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.

The timepiece, which spent decades out of the public eye, shattered records last week when Audemars Piguet purchased it for $7.7 million at Sotheby’s Important Watches auction, paying seven times the highest pre-sale estimate.
Completed in the early 1920s, it is the only ultra-complicated Audemars Piguet watch made in the 20th century, the company said.
It includes a minute repeater, grande and petite sonnerie, chronograph, and the brand’s only tourbillon in a pocket watch of that era.
With 19 complications, it ties with the watchmaker’s “Universelle” model, created in 1899, as the most complicated Audemars Piguet pocket watch ever made.
Crafted in 18-karat yellow gold, the Grosse Pièce is the most comprehensive astronomical timepiece ever created by Audemars Piguet, the company said.
It’s also among the earliest to feature a sky chart, depicting the night sky over London with 315 stars, alongside sidereal time, a perpetual calendar, moon phases, and the equation of time.
True to its name (“Large Piece”), the pocket watch measures about 80 mm in diameter.
According to a history of the pocket watch provided by Sotheby’s, the genesis of the Grosse Pièce dates to 1914.
London-based watchmaking firm S. Smith & Son contacted Audemars Piguet’s London agents with a request for a special watch with celestial complications for one of its most important clients.
The pocket watch took several years to make and required the expertise of several well-known watchmakers outside of Audemars Piguet.
After being shown at the Geneva Watch Exhibition in 1920 and then delivered to the firm in 1921, the Grosse Pièce vanished from public view for decades.
In 1990, Gisbert Brunner, a horological historian, was informed of its whereabouts while doing research for an article in The Horological Journal.
He later connected with its owner, American collector Robert Olmsted, who allowed Brunner to photograph the piece for inclusion in the book he co-authored in 1993, “Audemars Piguet.”
A handwritten receipt shows that Olmsted bought the Grosse Pièce from Sydney (Sid) Rosenberg for $23,350 in March 1970.
It was a standout at Sotheby’s Important Watches sale on Dec. 8, which featured “The Olmsted Complications Collection,” an offering of the late collector’s timepieces.
“The reappearance of the Grosse Pièce at Sotheby’s marks a historic moment for collectors and enthusiasts. That this should happen in our 150th anniversary year makes it all the more extraordinary,” said Sebastian Vivas, director of heritage and museum at Audemars Piguet.
“We are delighted to welcome this important timepiece into the AP Heritage where it will be preserved, studied, and shared for generations to come.”
The company’s acquisition of the timepiece at Sotheby’s underscores its commitment to “safeguarding horological heritage and showcasing exceptional savoir-faire,” Audemars Piguet said.
The Grosse Pièce will embark on a multi-year world tour, appearing at select AP Houses—the brand’s exclusive, immersive retail spaces—and special events before being exhibited at the Musée Atelier Audemars Piguet in Le Brassus, Switzerland.
The Latest

The “Équation” bracelet, our Piece of the Week, was built via 24 gold modules assembled into a piece that feels like fabric on the wrist.

Alter’s Gem Jewelry in Beaumont, Texas, is closing as Brian and Lori Alter retire to spend more time with family.

Five finalists have been chosen for the Tiffany & Co. x CFDA Jewelry Designer Award’s second cycle.

With over 50 years experience in the trade, DSF Antique Jewelry offers quality, craftsmanship, condition, and remarkable variety.

Three of the other alleged perpetrators will stand trial next March, while two remain on the lam and one was deported late last year.


The curated selection is available online and at its showroom in Austin, Texas.

The next generation understands what makes the 126-year-old retailer special, said CEO and Co-President Elise Greenberg.

With customization becoming more expected in engagement ring shopping, the Bridal Builder makes the process tangible.

The 6-carat CVD-grown pink diamond was “deliberately modified” to mimic the appearance of a natural rough diamond, the lab said.

If the Global Diamond Consortium emerges as the top bidder for De Beers, Botswana’s stake will double to 30 percent, Duma Boko said Monday.

An incorrect AI-generated ad or product description can cost your store valuable consumer trust.

These nine individuals and brands are up for a Gem Award in the Jewelry Design, Media Excellence, and Retail Innovation categories.

The incident, which happened in Miami-Dade County, serves as a reminder to jewelers of the dangers of selling and storing jewelry at home.

GIA Analytical Microscopist John Koivula curated the collection of 2,665 crystals, gems, and minerals over a 60-year span.

The “Eclipse” collection, the brand’s first high jewelry line, centers its alligator motif in diamond and spinel jewels.

From a Betta fish brooch to a “dragon’s trove” of zircon eggs, here are seven pieces that’ve stuck with Associate Editor Lauren McLemore.

Groundbreaking New Mexico Governor-elect Deb Haaland wore the earrings, our Piece of the Week, when she declared victory on Tuesday.

Jost goes on an epic journey, traversing rough seas and encountering a cyclops, to discover the perfect holiday gift.

Sponsored by GCAL by Sarine

From shrinking budgets to AI elves, here are five takeaways from holiday reports by Bain, Adobe, Mastercard, NRF, and insights from YouGov.

The designers combined their talents for Little Pet Portraits, hand-painted miniatures of our best friends set in a piece of jewelry.

Its non-bridal fine jewelry remains the star of the show, recently launching new collections inspired by Elizabeth Taylor and Jane Goodall.

“Joy: The Swarovski Musical” features Ariana Grande as the leading lady in scenes inspired by classic musical montages.

The lab will bring back its complimentary next-day service for some reports starting next week.

A Pennsylvania woman failed to declare a ring and a bracelet, discarding the boxes and receipts to conceal the purchases, officials said.

New collections and relevant marketing pushed the company forward, while Pandora’s lab-grown diamond sales continue to lag.

The citywide celebration, slated for Nov. 16-22, is set to host more than 175 events, including live jewelry-making demos.
























