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FX.co ★ Auction records set for Patek Philippe watches

Auction records set for Patek Philippe watches

The Only Watch auction in Geneva brought together the watch industry’s biggest names. The photo news section displays various watches and other wrist accessories slightly cheaper than Patek Phillipe
Auction records set for Patek Philippe watches

More than 40 brands participated in the Only Watch charity auction. Most of the lots achieved the highest prices. The charity auction saw Patek Philippe Reference 5016A-010 break the record for the most money raised by a single watch. The brand raised $7.3 million that exceeds 10 times the initial price.

Auction records set for Patek Philippe watches

The second most expensive watch is Richard Mille RM 27-02 which was tested by Rafael Nadal and worn during parts of the 2015 tennis session, including Rolland Garros, Wimbledon, and US Open. It was sold for $650,000.

Auction records set for Patek Philippe watches

FP Journe Tourbillon Souverain Bleu took the third place. The final price of the lot reached $550,000 that is twice as higher as the initial estimate of $250,000 – $400,000.

Auction records set for Patek Philippe watches

The 4th rank is given to Tudor Heritage Black Bay One. The top price of the watch ($375,000) exceeded 100 times the original estimate ($3,500 - $4,500).

Auction records set for Patek Philippe watches

The 5th highest estimated lot is Voutilainen GMT-6 sold for $145,000. This GMT has a unique guilloché enamel dial that contrasts dark blue and rich gold against a gunmetal ground.

Auction records set for Patek Philippe watches

Vacheron Constantin Métiers d’Art Mécaniques Ajourées raised $5,000 less than the previous brand. It was sold for $140,000 exceeding twice the initial estimate.

Auction records set for Patek Philippe watches

Bright and awesome Hublot Classic Fusion Only Watch was sold for $135,000.

Auction records set for Patek Philippe watches

One of the most colorful watches on the market Louis Vuitton Escale Worldtime was sold for $130,000. The original estimate of the lot amounted to $60,000 - $70,000.

Auction records set for Patek Philippe watches

Ulysse Nardin Only Watch Stranger raised a sum of $120,000 that surpassed the price of $70,000-$90,000. The black titanium case and red blades add to the rockstar appeal.

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