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  • Elgin National Watch Company

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    The Elgin National Watch Company, commonly known as Elgin Watch Company, was a major US watch maker from 1864 to 1968. The company sold watches under the names Elgin, Lord Elgin, and Lady Elgin. For nearly 100 years the company's manufacturing complex in Elgin, Illinois, was the largest site dedicated to watchmaking in the world.

  • Patek Philippe SA

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    Patek Philippe SA is a luxury Swiss watch manufacturer founded in 1839, located in Canton of Geneva and the Vallée de Joux. Since 1932, it has been owned by the Stern family in Switzerland. Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted watchmaking history since founding. It designs and manufactures timepieces and movements, including some of the most complicated mechanical watches. The company maintains over 400 retail locations globally and over a dozen distribution centers across Europe, Asia and North America, and in 2001 it opened the Patek Philippe Museum in Geneva. Patek Philippe is considered by many experts and aficionados to be one of the most prestigious watch manufacturers in the world. Over the years, notable Patek Philippe owners include Queen Elizabeth II, Marie Curie, Albert Einstein, Pablo Picasso, Pyotr Ilyich Tchaikovsky, Leo Tolstoy and so on. As of November 2018, among the world's top 10 most expensive watches ever sold at auctions, 7 are Patek Philippe watches.

  • Watch

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    A modern wristwatch A watch is a timepiece intended to be carried or worn by a person. It is designed to keep working despite the motions caused by the person's activities. A wristwatch is designed to be worn around the wrist, attached by a watch strap or other type of bracelet. A pocket watch is designed for a person to carry in a pocket. The study of timekeeping is known as horology. Watches progressed in the 17th century from spring-powered clocks, which appeared as early as the 14th century. During most of its history the watch was a mechanical device, driven by clockwork, powered by winding a mainspring, and keeping time with an oscillating balance wheel. These are called mechanical watches. In the 1960s the electronic quartz watch was invented, which was powered by a battery and kept time with a vibrating quartz crystal. By the 1980s the quartz watch had taken over most of the market from the mechanical watch. Historically, this is called the quartz revolution. Developments in the 2010s include smartwatches, which are elaborate computer-like electronic devices designed to be worn on a wrist. They generally incorporate timekeeping functions, but these are only a small subset of the smartwatch's facilities. In general, modern watches often display the day, date, month and year. For mechanical watches, various extra features called "complications", such as moon-phase displays and the different types of tourbillon, are sometimes included. Most electronic quartz watches, on the other hand, include time-related features such as timers, chronographs and alarm functions. Furthermore, some modern smartwatches even incorporate calculators, GPS and Bluetooth technology or have heart-rate monitoring capabilities, and some of them use radio clock technology to regularly correct the time. Today, most watches in the market that are inexpensive and medium-priced, used mainly for timekeeping, have quartz movements. However, expensive collectible watches, valued more for their elaborate craftsmanship, aesthetic appeal and glamorous design than for simple timekeeping, often have traditional mechanical movements, even though they are less accurate and more expensive than electronic ones. As of November 2018, the most expensive watch ever sold at auction is the Patek Philippe Henry Graves Supercomplication, which is a mechanical pocket watch, reaching a final price of 24 million US dollars (23,237,000 CHF) in Geneva on November 11th, 2014.

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