The world’s most expensive watch, a £24.2million (N11.2 billion) Patek Philippe, has been sold in Switzerland at a Christie’s charity auction.
According to reports by wealth ranking publisher Forbes Magazine, the rare Patek Philippe Grandmaster Chime Ref. 6300A was sold at Only Watch, a charity auction which was hosted by Christie’s in Geneva, Switzerland.
It was gathered the sum of money paid is by far the highest that has been ever paid for a wristwatch in the world, and even more interesting, the proceeds will be donated to research into muscular dystrophy.
The fact that the sale was for charity helped boost the bidding prices, according to the auctioneers.
The Patek Philippe Grandmaster Chime reference 6300A-010 is a one of a kind, it has 20 complications, including a grande and petite sonnerie, a minute repeater, instantaneous perpetual calendar with a four-digit year display, second time zone, and 24-hour and minute sub-dial. The watch’s most unique feature is front and back dials — one salmon colored, the other black — that can be flipped or reversed.
The buyer of the watch has not been identified.