Patek Philippe Sets New World Record

The Only Watch 2019 auction was held on Saturday, November 9 by Christies’ in Geneva, Switzerland. The 50 one-of-a-kind watches made for the biennial auction were auctioned off to support the research into the cure of Duchenne muscular dystrophy, a genetic disorder characterized by progressive muscle degeneration and weakness. Luc Pettavino, founder and organiser of Only Watch (and winner of the 2019 GPHG Special Jury Prize): “What we do together on Only Watch is not just wishful thinking or good intentions. We are acting. The funds that we have raised over the past seven editions have been an incredible enabler for researchers all around the world to develop their science and get closer to a therapeutic solution for Duchenne Muscular Dystrophy. They have been used in the creation of biotech companies dedicated to drug discovery and preclinical development, they financed academic research.”

The Only Watch auction has been held biennially since 2005. To date, the charity auctions have raised more than $40 million, and this year’s sale has just added CHF 38,593,000 to that total. Main reason:

 

A New World Record

The Patek Philippe Grandmaster Chime Ref. 6300A-010 (the only stainless steel version of the Swiss manufacturer’s Grandmaster Chime) was not only the most talked about timepiece in the auction, the watch, equipped with a reversible case, two dials and 20 complications, sold for CHF 31,000,000 to an Asian collector, making it the most expensive wristwatch in the world.

 

The Patek Philippe Grandmaster Chime (Ref. 6300A-010) was created specially for Only Watch 2019. It stands out as the first and only version of this timepiece ever produced in stainless steel. 

 

Launched in 2014 on the occasion of Patek’s 175th anniversary, the Grandmaster Chime became part of the manufacture’s regular collection in a white-gold version in 2016. The most complex Patek Philippe wristwatch features 20 complications, including five acoustic functions, two of which are patented global premières: an alarm that strikes the preprogrammed alarm time and a date repeater that sounds the date on demand. The double-face case with the guilloched hobnail pattern is endowed with a patented reversing mechanism.

“Patek Philippe thanks customers, watch enthusiasts, and collectors for their trust in the course of the Only Watch auctions; they have been backing the rising prices and have invested considerable amounts in support of struggle against muscular dystrophy.”

 

6 Key Takeaways From The 9th Only Watch Auction

  • this year’s sale total was CHF 38,593,000, making it the biggest watch auction ever
  • 99% go directly to fund research into Muscular Dystrophy
  • the Patek Philippe Grandmaster Chime Ref. 6300A sold for CHF 31,000,000, setting a new record for the highest price ever paid for a wristwatch at auction
  • the Ref. 6300A also represents 80% of the total revenue of Only Watch 2019
  • 16 lots went for a lower hammer price than the estimate (see list below for all results)
  • with CHF 350,000, the Tudor Black Bay Ceramic One ended up being the watch with the biggest difference between hammer price and high estimate (it sold for more than 60 times its pre-auction estimate)

Scroll down for a closer look at how the participating brands performed:

 

Only Watch 2019 Results: Top 20

The 20 most expensive watches in 2019

 

Only Watch 2019 Auction Results: All Watches

(In descending order, prices are in Swiss francs, include the buyer’s premium and are rounded to the nearest franc)

Brand & Model
High Estimate
Hammer Price

Patek Philippe Grandmaster Chime
3 000 000
31 000 000

F.P. Journe Astronomic Blue
600 000
1 800 000

Audemars Piguet Code 11:59 Tourbillon
240 000
1 000 000

Akrivia Chronomètre Contemporain
60 000
360 000

Tudor Black Bay Ceramic One
5 500
350 000

Richard Mille RM 11-03
250 000
320 000

De Bethune and Urwerk Moon Satellite
150 000
300 000

Louis Vuitton Escale Spin Time
100 000
280 000

Bovet Récital 23 “Hope”
80 000
280 000

Hublot Tourbillon Sapphire Orlinski
180 000
240 000

Hermès Arceau L’heure de la lune
55 000
210 000

Breguet Type 20
50 000
210 000

Ferdinand Berthoud Chronomètre FB 1
200 000
150 000

Chanel J12 inséparables
27 000
130 000

Boucheron Ajourée Amvara
40 000
130 000

Czapek Faubourg de Cracovie
36 000
110 000

Voutilainen TP1 Pocket Watch
70 000
110 000

Montblanc 1858 Split Second Chronograph
48 000
100 000

MB&F + L’Épée & T-Rex Tom & T-Rex
40 000
85 000

Zenith El Primero A386
45 000
75 000

Jacob & Co. Epic X Chrono Messi
100 000
75 000

Grönefeld 1941 Remontoire
69 000
70 000

Konstantin Chaykin Joker Selfie
24 000
70 000

Christophe Claret Maestro Corail
106 000
70 000

Fabergé Winter
70 000
70 000

Andersen Genève “Montre à Tact”
55 000
70 000

Carl F. Bucherer Patravi ScubaTec
30 000
60 000

Frederique Constantin Meteorite Tourbillon PPC
36 000
60 000

JLC Master UItra Thin Perpetual Enamel Chestnut
70 000
60 000

Bell & Ross BR 05 Skeleton Blue
25 000
55 000

Armin Strom Pure Resonance
55 000
50 000

Piaget Altiplano Ultimate Automatic
50 000
48 000

H. Moser Endeavour Perpetual Moon Concept
45 000
48 000

Blancpain Fifty Fathoms Barakuda
20 000
45 000

Singer Track 1
55 000
45 000

Jaquet Droz Grande Seconde Skelet-One Ceramic
35 000
45 000

DeWitt Academia Slide
80 000
45 000

Louis Monet Memoris
40 000
42 000

Cyrus Klepcys Alarm
47 000
42 000

Moritz Grossmann Réserve de Marche Classique
50 000
36 000

Ulysse Nardin Exo-Skeleton X
45 000
35 000

Artya Son of Earth Precious Butterfly Engraved
35 000
27 000

Trilobe “Les Matinaux”
12 000
26 000

Arnold & Son DSTB
38 000
26 000

Girard Perregaux Laureato Absolute Chronograph
16 000
24 000

Ateliers de Monaco Tourbillon Oculus 1297
70 000
24 000

Rebellion Re-Volt
55 000
24 000

RJ Arraw 6919
21 900
24 000

Speake Marin London Chronograph
30 000
20 000

Maurice Lacroix Aikon Mercury
15 000
17 000

Source: Christie’s / Only Watch