World's most expensive wristwatch sold in Geneva charity auction

WatchMan

WatchMan

2015-11-09 10:38:16

A charity auction in Geneva has set a new record price the world's most expensive wristwatch.

The sixth edition of Only Watch, the exclusive charity auction featuring unique timepieces, realized more than €10 million for research on Duchenne Muscular Dystrophy.

The bi-annual auction, co-hosted by Phillips, celebrated its 10th anniversary in fine style, achieving its highest result to date as all 44 watches on offer sold for a combined total of €10,430,798 ($11.23 million).

The sale featured unique watches donated by the world's leading manufacturers, including Patek Philippe, Piaget, Vacheron Constantin, Chopard, Breguet, Richard Mille, Louis Vuitton, Harry Winston, IWC, Chanel and FP Journe to name just a few.

Leading the lots was a Patek Philippe Reference 5016 minute repeater with perpetual calendar and moon-phases, which sold for $7.27 million – a world record price for a wristwatch at auction.

Two further watches also surpassed the half-million mark, as a Richard MIlle RM 27-02 watch worn on court by tennis star Rafael Nadel realized $647,603 and an F.P. Journe Tourbillon Souverain Bleu  sold for $547,972.

Further notable results from the auction included a Vacheron Constantin skeleton watch which sold for $140,000; a Tudor Submariner watch which realized $373,617, more than ten times its estimate; a Kari Voutilainen GMT-6 watch which sold for $145,000; and a Hublot Classic Fusion watch, designed in cooperation with artist Romero Britto, which realized $135,000.

“It has been a privilege for us to have hosted the 6th edition of Only Watch, and to have been able to play a part in supporting such a worthy cause," said auctioneer Aurel Bacs, co-Founder of Phillips in association with Bacs & Russo.

"This project has seen the world of watches come together with incredible generosity, not least the 44 manufacturers who donated unique timepieces.”

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