The World’s Most Expensive Watch: $31 Million Patek Philippe Sets World Record At Only Watch Auction
An exceptional Patek Philippe Grandmaster Chime Ref. 6300A sold at a sledge cost of CHF 31-million (about $31-million) today at Only Watch, a philanthropy sell off held in Geneva to which top watch brands give uncommon releases. The past record for the world's most costly wristwatch was Paul Newman's Paul Newman Rolex Daytona, which sold for $17.7-million at a Phillips sell off in 2017. The past record for the world's most costly watch (a pocket watch) was the Patek Philippe Henry Graves Jr. Supercomplication, which sold for $24-million at a Sotheby's closeout in 2014. It was made in 1920.
The Grandmaster Chime reference 6300A-010 was made extraordinarily for Only Watch, and it is the one in particular that will ever be made in tempered steel. It has four spring barrels driving 20 entanglements, including a grande and petite sonnerie, brief repeater, quick interminable schedule with a four-digit year show, second time zone, day/night pointer, day/date (on the two dials), month, jump year cycle, four-digit year show and 24-hour and moment subdial. There are front and back dials, which can be changed by means of reversible hauls. The salmon hued front dial bears the engraving "The Only One" on the caution subdial at 12 o'clock. The watch likewise has a ringed alert capacity that strikes the time by duplicating the total tone grouping of the moment repeater – a capacity at no other time coordinated in a mechanical wristwatch. To ensure it against harm brought about by accidental controls, it joins isolators that intrude on the progression of intensity between singular instruments or square certain capacities while others are active.Patek Philippe initially presented the Grandmaster Chime in 2014 of every a progression of seven pieces to check its 175th commemoration. It is the most confused watch Patek Philippe has created. No word on who purchased the watch.