The Grandmaster Chime was crafted lớn celebrate Patek Philippe"s 175th anniversary in 2014. Only Watch

With a hammer price of CHF31,000,000 (US$31.2 million) achieved at the Christie’s Only Watch charity auction on Nov. 9, 2019, in Geneva, Patek Philippe’s one-of-a-kind Ref. 6300A-010 Grandmaster Chime in stainless steel became the most expensive watch ever sold.

Expectations were already high when Lot 28 came to lớn the block. Some speculated the Grandmaster Chime, despite its low estimate of CHF2,500,000 to CHF3,000,000, might unseat Paul Newman’s personal Rolex Daytona, the previous record holder of most expensive wristwatch ever sold. That piece went for US$17,752,500 in a Phillips auction in new york two years ago.

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But as a bidding war escalated in the final minutes of the sale, the room hushed as the price climbed above the US$24 million mark, overtaking Patek Philippe’s 1933 Henry Graves Supercomplication pocket watch (which sold for a record-breaking US$24 million in a năm trước Sotheby’s auction), and the audience realized history was being made. (Christie"s didn"t reveal the identity of the winning bidder.)

The Grandmaster Chime was crafted to lớn celebrate Patek Philippe’s 175th anniversary in 2014. As the brand’s most complicated wristwatch ever built, the piece made some noise, quite literally. With multiple striking functions among its đôi mươi complications on two dials, it was a testament lớn Patek Philippe’s long-standing mastery in chiming complications.

The brand invested seven years và more than 100,000 hours lớn create the piece with Patek’s first grande sonnerie (French for “grand strike”), which automatically strikes the hour & quarter hour every 15 minutes. It is paired with a petite sonnerie, which automatically chimes the hours and quarters without repeating the hours at each quarter, và a minute repeater which chimes hours, quarters, và minutes on demand. 

In addition khổng lồ these traditional striking functions, the watch is endowed with modern chiming complications, such as a patented alarm that chimes the alarm time like a minute repeater and a patented date repeater that chimes the date on demand.

The Grandmaster Chime holds six patents, including one for the mechanism that allows you khổng lồ easily swivel and lock the engraved double-faced case, so you can choose which of the two dials you wish to show off. 

The quality stainless-steel version is appointed with a rose gold (or “salmon”) dial inscribed with the words The Only One, and an ebony-black dial featuring an instantaneous perpetual calendar with a four-digit year display.

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Independent watchmaker F. P. Journe also achieved a record in the sale with the Astronomic Blue, which went for CHF1.8 million. Only Watch

Independent watchmaker F. P Journe also achieved a record in the sale with the Astronomic Blue. Lot 11, a prototype developed specifically for Only Watch, sold for CHF1.8 million, a record for the most expensive F.P. Journe piece ever sold at auction.

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And Lot 37, the two-tone CODE 11.59 by Audemars Piguet Tourbillon Openworked, achieved a hammer price of CHF1 million, far & above its estimate of CHF190,000 to lớn CHF240,000.

In total, the two-hour sale of 50 donated quality pieces totaled a record-breaking CHF38.59 million, with the Patek Philippe accounting for the lion’s nói qua of money raised to lớn benefit research into a cure for Duchenne Muscular Dystrophy (DMD), a genetic disease that affects one in 3,000 male births around the world. Khổng lồ put that number into context, the biennial sự kiện raised a total of about US$40 million in its previous seven auctions combined.

“Breaking records is obviously a source of pride and happiness,” said Luc Pettavino, founder of Only Watch & president of the Association Monégasque contre les Myopathies, which supports scientific và medical research on DMD, in a press release. “What matters most today is the difference we are going lớn be able to lớn make in research against muscular dystrophies & for hundreds of thousands of patients và families around the world for their lives lớn get better.”