Entrepreneur Mohammad Aleter spotted wearing a Audemars Piguet

A mirror selfie in what appears to be a luxury retail environment gave Watch Paparazzi its clearest look yet at one of the rarest wristwatches on earth. Mohammad Aleter, the Jordanian entrepreneur behind Auto Land — consistently ranked among Dubai's top-ten real-estate brokerages — was photographed wearing a full-baguette Audemars Piguet Royal Oak Double Balance Wheel Openworked, a piece so scarce it borders on mythological in collector circles.

The reference 15407BC.ZZ.1220BC.01 houses AP's in-house Calibre 3132, a self-winding openworked movement distinguished by its twin balance wheels set in series — a construction that improves chronometric stability by averaging the rate errors of two independent regulating organs. The movement is visible in its entirety through the skeletonised dial, with rose-gold-toned bridges and ruby jewels providing deliberate chromatic contrast against the white-gold and diamond architecture surrounding them. The 41 mm case and the full integrated bracelet are crafted in 18-carat white gold and set with 436 baguette-cut diamonds, a setting process that alone demands hundreds of hours from AP's stone-setting atelier in Le Brassus. Power reserve sits at approximately 60 hours.

From a collector perspective, this piece occupies a category almost entirely its own. The standard Royal Oak Double Balance Wheel Openworked is itself a sought-after reference; the fully diamond-set baguette variant, limited to five pieces worldwide, transcends the conventional secondary-market conversation. It is not a watch that changes hands at auction — it circulates, if at all, through private treaty at figures that require non-disclosure agreements rather than lot estimates.

Aleter is a known connoisseur of ultra-high horology, consistent with a business profile that intersects luxury goods, premium automotive, and high-end property in one of the world's most watch-literate markets. Dubai's collector scene skews heavily toward AP, Patek Philippe, and Richard Mille, and within that environment a five-piece-limited full-baguette Royal Oak signals a very specific tier of collector seriousness.

Retail pricing for the standard openworked variants begins well above $100,000 USD; a fully diamond-set baguette edition of this nature, when it was available through authorised channels, carried a list price in the region of $1.2 million USD. Grey-market equivalents are effectively theoretical — supply is non-existent.