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Patek Philippe Grandmaster Chime in steel establishes a new world record as the most expensive watch ever sold at an auction

The 8th edition of the biennial charity auction Only Watch took place on Saturday 9 November 2019 at the Four Seasons Hôtel des Bergues, in Geneva, under the hammer of Christie’s.

Patek Philippe Grandmaster Chime 6300A in stainless steel

Fifty one-off luxury timepieces created by the finest watch manufacturers were sold in order to help finance research on Duchenne Muscular Dystrophy, a degenerative neuromuscular disease affecting 1 in 3,500 boys, therefore 250,000 children, adolescents, and young adults around the world.

The auction raised a total of Swiss Francs 38,593,000, a record-breaking amount that gives a strong signal of hope for researchers, patients and families touched by Duchenne Muscular Dystrophy around the world. Thanks to very significant investments made by Only Watch (among others) over the past decades, the research is reaching clinical trials, a critical and cost-demanding stage.

Lot 28, a Patek Philippe Grandmaster Chime, was auctioned for the mind-blowing amount of Swiss Francs 31 million so establishing the new world record as the most expensive watch (wrist watch or pocket watch) ever sold at an auction.

The Patek Philippe Grandmaster Chime reference 6300A-010 stands out as the first and only version of this timepiece ever produced in stainless steel.

Patek Philippe Grandmaster Chime 6300A

Patek Philippe Grandmaster Chime 6300A

This unique piece boasts two dials in rose gold and black ebony. The reversible 47.7 mm x 16.07 mm case, adorned with a hand-guilloched hobnail pattern, is notable for its patented reversing mechanism. This exceptional grand complication features 20 complications in its stainless steel case, including no fewer than five chiming modes, two of which are patented world firsts: an acoustic alarm that strikes the preselected time and a date repeater sounding the date on demand.

Patek Philippe Grandmaster Chime reference 6300A-010

Patek Philippe Grandmaster Chime reference 6300A-010

Patek Philippe Grandmaster Chime reference 6300A-010

Before this new record the most expansive watch ever sold at an auction was the Patek Philippe Henry Graves Supercomplication pocket watch which sold for Swiss Francs 23.2 million at Sotheby's Important Watches on 11 November 2014. Considering wristwatches alone, the most expensive one was the renowned Rolex Daytona "Paul Newman" owned by the actor himself sold for Swiss Francs 17.7 million by Phillips Watches on 26 october 2017.

To browse the full list of the 50 lots that were sold at the Only Watch 2019 auction with their hammer prices, click here. onlywatch.com

Only Watch 2019

Only Watch 2019 - Lot 28: Patek Philippe Grandmaster Chime 6300A

COMMENTS

BLOGGER: 3
  1. It's for a good cause so it's ok but CHF31mln for a wristwatch? I think someone is losing contact with reality and that's always dangerous.

    ReplyDelete
    Replies
    1. Where's the problem if a billionaire that loves collecting watches decides to spend some of his money in a piece that will most probably maintains or increase its value over time while doing good?

      Delete
  2. I would instead remark that the watch is really ugly. Technically remarkable but from an aesthetic point of view, a complete disaster. no one that understands about design can argue this fact.

    ReplyDelete

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Time and Watches | The watch blog: Patek Philippe Grandmaster Chime in steel establishes a new world record as the most expensive watch ever sold at an auction
Patek Philippe Grandmaster Chime in steel establishes a new world record as the most expensive watch ever sold at an auction
The most expensive watch ever sold. The 8th edition of the biennial charity auction Only Watch took place on Saturday 9 November 2019 in Geneva, under the hammer of Christie’s. Lot 28, a Patek Philippe Grandmaster Chime 6300A, was auctioned for the mind-blowing amount of Swiss Francs 31 million so establishing the new world record as the most expensive watch (wrist watch or pocket watch) ever sold at an auction.
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