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A rare Patek Philippe watch sells for $31M at auction

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A rare Patek Philippe watch sold for more than $31 million at an auction over the weekend, with the top price for any timepiece ever sold at auction.

The watch was sold after an intense five-minute bidding war, watched by the Prince Albert II of Monaco at the Only Watch event. Auction house Christie’s, which was selling it for a good cause-to benefit muscular dystrophy (dmd), said that the Grandmaster Chime reference to 6300A-010 has been created exclusively for the event.

“It stands out as the first and only edition of this unusual timepiece ever produced in stainless steel,” Christie’s said in an e-mail to Fox News. “The brilliance of this metal, very rarely used, with Patek Philippe’s Grand Complications, it is especially striking when it is combined with a hand-guilloched hobnail pattern, which perpetuates the tradition of rare craftsmanship.”

(Credit: Christie’s)

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Christie ‘ s, as follows: “The special words, ‘The Only One’, that is, at 12 o’clock, on the auxiliary dial, to further enhance the exclusive worth of this unique timepiece. A complicated watch has been the supreme test of the designer’s expertise and watchmakers have the skills. Patek Philippe, the masters of all the watchmaking complications and have twice this century built the world’s most complicated portable timepiece.”

The watch had a pre-sale estimate of $2.5 million to $3 million up to CHF 2,500,000 CHF 3,000,000).

Prince Albert II of Monaco, and he told me that he was very proud of the work that a Watch has been carried out in co-operation with the attempt to find a cure for duchenne muscular dystrophy (dmd). “Monaco is the epicentre of this great initiative, and pioneering innovative approaches to the funding of the research, and do it faster, in a more collective manner,” prince, Prince Albert II of Monaco, said in a statement obtained by Fox News.

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“And now, thanks to you, we are on the verge of clinical trials for a cure for Duchenne muscular Dystrophy (dmd), and with researchers working in synthesis, in Monaco, in France, in Switzerland, and it is giving hope to thousands of men around the world. (…) To all of the supporters of your cause…you have my gratitude,” the Prince Albert II continued.

The steel-Grandmaster Chime, it exceeded the previous record for a watch sold at auction, the Rolex Daytona, once owned by Paul Newman, which sold for $ 17.8 million by 2017, according to the international monetary Fund.

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