Patek Philippe Watch Hammers at Christie’s Geneva for a Record $31.2M

Patek Philippe Watch Hammers at Christie’s Geneva for a Record $31.2M

Published: December 12, 2019 | By: American Luxury Staff

A singular Patek Phillipe watch fetched a stratospheric price at auction this holiday season. Bidding for the Grandmaster Chime Ref. 6300A topped out at $31.2 million at the 2019 Only Watch auction, which was conducted by Christie’s at the Four Seasons Hotel des Bergues in Geneva.

The selling price for the Grandmaster Chime 6300A surpassed the previous record for a timepiece sold at auction by over $7 million, which was set in 2014, when the Patek Phillipe Henry Graves Supercomplication went under the gavel and sold for $24 million. The standing record for a watch sale at auction was defeated by an even wider margin—that record had previously been held by a Rolex Paul Newman Daytona which went under the hammer in 2017 and fetched $17 million.

The stainless Grandmaster Chime 6300A is the only one produced—hence ‘The Only One’ on the dial. It’s also the most complex watch in Patek Phillipe’s history; its 20 complications includes a grande sonnerie, and it features 214 components and a whopping 1,366 parts in its movement. The watch was produced especially for the auction, in order to fund research into Duchenne muscular dystrophy.

   
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