This $ 31 million Patek Philippe is now the most expensive watch in the world – Robb Report

On Friday there were rumors in Geneva that the Patek Philippe Grandmaster Chime Ref. 6300A could sell for over $ 20 million. But when the hammer finally fell on Saturday at the Only Watch auction, crowds were stunned when the watch sold for a whopping $ 31,194,370, a figure that solidifies its place as the most expensive watch. in the world. Previous record holders include Patek Philippe’s Henry Graves supercomplication, which sold for $ 24 million in 2014, and the Rolex Paul Newman Daytona wristwatch, which sold for $ 17 million in 2017.

The two faces of the world’s most expensive new watch, the Patek Philippe Grandmaster Chime.

Patek Philippe

Keep in mind that while the Patek Philippe Grandmaster Chime is the most expensive and coveted watch in the Patek Philippe collection, with 1,366 movement components and 214 case components, this version is made of steel. If it hadn’t been for charity – Only Watch profits go to Duchenne muscular dystrophy research – we would think the world of watch collecting had really gone mad. Previous versions of the Grandmaster Chime include the Ref. 5175R in 18k rose gold, a $ 2.5 million variant introduced in 2014 for Patek Philippe’s 175th anniversary. Another, the $ 2.2 million Ref. 6300G, was made in white gold. The Ref. 5175R was limited to just seven pieces, one of which lives in the Patek Philippe Museum. The Ref. 6300G wasn’t technically limited, but you can bet very little was made.

Paul Newman's Rolex Daytona and Patek Philippe's Henry Graves supercomplication

Paul Newman’s Daytona, which sold for nearly $ 18 million in 2018, once held the record for the most expensive wristwatch ever sold. Patek Philippe’s Henry Graves supercomplication, which sold for $ 24 million in 2014, held the record for the most expensive timepiece ever sold.

Phillips, Sotheby’s

Which ultimately sent the Ref. 6300A in the stratosphere is the fact that this version is one of a kind, a fact highlighted on the dial, which states “The Only One”. More importantly, it was accessible to anyone willing to shell out enough money. Other Grandmaster Chimes are only for the best Patek Philippe collectors – and even they have to submit a claim to prove they’re more worthy than their equally wealthy counterparts. To top it off, its golden opaline dial (sometimes called salmon), a treatment that has become highly collectable. The dial on the other side is in ebony black. Ultimately, the icing on the cake is that it comes wrapped in a steel case. Steel is not a precious or rare metal, of course, but in recent years it has increasingly become the most coveted material in the watch collection.

Patek Philippe, 6300A_010_DET

The black dial of the Patek Philippe Grandmaster Chime.

© Patek Philippe / JD Meyer

Hopefully the $ 31 million obtained for Ref. 6300A helps find a cure for Duchenne muscular dystrophy.

Comments are closed.