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Patek Philippe watch sells for record $ 31 million at auction



A watch from the Swiss luxury brand Patek Philippe was sold for over $ 31 million, the highest price ever paid for a watch at auction.

The Grandmaster Chime 6300A-010 was never worn – it was specially designed for Saturday's auction in Geneva to raise funds for research into Duchenne muscular dystrophy, according to Christie's.

It is the only version of the watch ever made of stainless steel, and the alarm clock sub-dial has a special inscription.

The watch has a black and rose gold reversing case and an 18-karat solid gold dial and is fastened with a band of black hand-sewn alligator leather.

It also has all the features you would expect from a luxury watch: golden Breguet numerals, a hand-guilloche hobnail center, an annual display and a plethora of sub-dials.

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The sale to one Test buyers on Saturday for 31 million francs or $ 31.1 million makes it a highly exclusive club.

The previous record for the most expensive watch was set by a Patek Philippe watch from 1932, which was auctioned at Sotheby & # 39; s in Geneva for 23.2 million Swiss francs (then $ 24 million) was sold to an anonymous buyer.

With the sale on Saturday was au It broke the previous record for the most expensive wristwatch set up in 2017 by a Rolex Daytona owned by the late American actor Paul Newman.

This watch was sold for a record $ 17.8 million after a 12 bidding war at the Phillips auction house.

A total of 50 lots were auctioned Saturday, bringing in 38.6 million Swiss francs ($ 38.8 million) for Duchenne muscular dystrophy, a genetic disorder that leads to progressive muscle degeneration.


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