Patek Philippe watch sells for record $ 31 million at auction

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

The Grandmaster Chime 6300A-010 has never been worn – it was made specifically for Saturday's auction in Geneva to raise money for research on Duchenne muscular dystrophy, according to Christie & # 39; s.

It is the only version of the timepiece ever produced in stainless steel, and the alarm sign is marked with a special inscription, "the only one."

The watch has a reversible case in black and pink gold, 18 carat solid gold plate and is fastened with a ribbon made of black, hand sewn alligator leather.

It also includes all the features one would expect from a luxurious timepiece: gold Breguet numbers, a hand-guilloched hobnail center, a one-year display and a plethora of sub-dials.

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Its sale on Saturday to a mystery buyer for 31 million Swiss francs, or $ 31.1 million, promotes it to a very exclusive club.

The previous record for the most expensive timing was set by a 1932 Patek Philippe watch that sold for 23.2 million Swiss francs ($ 24 million at that time) to an anonymous buyer at a 2014 auction at Sotheby & # 39 ; they are Geneva.

Saturday's sale also broke the previous record for the most expensive wristwatch, set in 2017 by a Rolex Daytona owned by the late American actor Paul Newman.

That clock sold for a record $ 17.8 million after a 12-minute bidding war at the Phillips auction house.

A total of 50 lots were auctioned off in Saturday's sale, collecting 38.6 million Swiss francs ($ 38.8 million) for Duchenne muscular dystrophy, a genetic disorder that causes progressive muscle degeneration.

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