Why this Bovet watch costs over $450,000

Mr. Pascal Raffy is the current owner of BOVET, a legacy watchmaking company based in Switzerland. BOVET is famous for creating intricate and complex timepieces. We got to take a closer look at the RĂ©cital 22 Grand RĂ©cital which comes in red gold and platinum, each hovering around the $500K price range. What makes this watch worth nearly half a million dollars?