Patek Philippe $2.5 Million Watch Sells Out

(Bloomberg) -- 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. Six of the pieces commemorating Patek Philippe’s 175th anniversary have been ordered, and the seventh will be showcased at the Geneva-based watchmaker’s museum. The line is still in production, and the third will be delivered to its new owner ne...