JAY-Z's Iced-Out Jacob & Co. Watch Sold for $1.5 Million USD at Auction

At an auction benefitting the Reform Alliance Charity at Atlantic City's Ocean Casino Resort on October 2, JAY-Z's diamond-encrusted Jacob & Co. watch sold for a whopping $1.5 million USD. Hov, who is known to be an avid watch collector, donated the timepiece to the auction, in an effort to raise money for the charity, which he co-founded to aid ex-prisoners return to productive, working lifestyles.The timepiece, dubbed the Caviar Tourbillon World Timer, is composed of 18-karat white gold and em...