and the difference between the two is pretty much restricted

just to the case material.

The $460,000 version is in red gold,

and the more expensive

half million dollar version

is done in platinum.

Many of the most expensive watches are expensive because

they're set with precious stones, which,

of course, raises the price through the roof.

In the case of the Récital 22 Grand Récital,

however, the watch is as expensive as it is entirely

because of the amount of craftsmanship that goes into it

and the length of time that it takes

to produce the various effects

that make the watch what it is.

BOVET watches are inherently limited in production simply

because of the complexity that's associated

with making them.

This particular watch is a limited edition

of 60 pieces worldwide.

Those are going to roll out very slowly, simply because

they can't be made quickly.

It's just inherent in the nature of the watch.

The single decorative element that's probably

most strongly identified with BOVET today is the use

of extremely fine miniature painting, often in the form of,

what's called, cold enameling on the dials of their watches.

And the Récital 22 Grand Récital has a

really, really wonderful example of this particular craft.

The centerpiece of the watch is a hemisphere

representing the Earth as seen from above the North Pole.

There are many, many layers of enamel that have been,

that have been applied to the hemisphere in order

to achieve a wonderful kind of translucent effect

in which the clouds literally seem to float

above the oceans and continents.

The paints are actually luminous and very, very luminous,

and, when you turn the lights off, you are treated to a view

of the continents glowing up at you

that's just incredibly compelling.

This particular wristwatch is in a class of,

what are called, astronomical complications.

These are timepieces that show, often, the relative position

of the stars to an observer standing on Earth, or,

in this case, the relative position

of the sun and the moon relative

to an observer standing on Earth.

So the centerpiece is this revolving hand-painted depiction

of the upper hemisphere, the northern hemisphere

of the Earth.

Placed just below it, in the six o'clock position, is,

what's called, a tourbillon.

We can see the tourbillon rotating as we look at the watch,

and the position that it's in is identical to the position

that the sun would be in, relative to the Earth.

So it kind of stands in for, the tourbillon stands in

for the sun in this wristwatch.

Rotating around the Earth is a spherical depiction

of the moon divided into a sunlit hemisphere

and a dark hemisphere.

And you can read the phase of the moon from the position

of this little hemisphere as it rotates around the Earth.

The back of the watch is also loaded with information.

It's what's called the perpetual calendar.

Now, a perpetual calendar is a mechanical watch

which knows the difference between a leap year

and a non-leap year, and which also advances the date

correctly at the end of each month,

whether it's a 30-day month or a 31-day month.

The relative rarity of the watches and the amount

of handwork that goes into finishing the movement, the case,

and other aspects of the watch all adds up

to a tremendous, tremendous amount

of real old-school craftsmanship,

which simply doesn't come cheap.

At this level of watchmaking, you're really talking about

something that's designed to appeal to someone

with extremely specific tastes and with a budget to match.

There are 705 components in this wristwatch.