Audemars Piguet Royal Oak Grande Complication

About this reference

The Audemars Piguet Royal Oak Grande Complication reference 25865ST was introduced in the late 1990s and remained in limited production through the 2010s. This reference is defined by the caliber 2885, a hand-finished movement comprising 648 parts that integrates a minute repeater, perpetual calendar, and split-seconds chronograph. Collectors prioritize the 25865ST for its 44mm stainless steel case, a rare material choice for a high-complication timepiece typically reserved for precious metals. The dial features a traditional white tapisserie pattern with four sub-dials and a moon phase indicator. Due to the complexity of the movement, production was limited to very few units per year. On the secondary market, this reference typically commands prices in the mid-to-high six-figure range, often between $450,000 and $700,000 depending on provenance. A notable 2021 auction result saw a well-preserved example achieve over $600,000, reflecting its status as a pinnacle of the Royal Oak line.