Apparently not everyone is feeling the bite of the recession. A European mogul has commissioned luxury Swiss watchmaker Vacheron Constantin to create a one-of-a-kind $6.5 million timepiece which will automatically become one of the most expensive watches in the world.

The design, which may take years to complete, will be many times more precious than Vacheron’s Tour de l’Ile timepiece (picture above) created for the company’s 250th anniversary in 2005. Only seven pieces were produced at $1.5 million each.

The features of this time exquisite time piece include a perpetual calendar and leap year, star chart, celestial annual calendar, tourbillon regulator, sunrise and sunset indication, perpetual time equation, phases and age of the moon, substantial power reserve, multiple time zones and day-night indication, among others.

« If owning a regular Vacheron Constantin watch is the equivalent of owning a Rolls-Royce, then having this watch will be like having a garage full of them »