Patek Philippe Becomes Most Expensive Wristwatch Ever Sold at Geneva Charity Auction

On Saturday, at the Only Watch charity auction in Geneva, a one-of-a-kind Patek Philippe wristwatch sold for 7.3 million Swiss Francs ($7.26 million). This makes it the most expensive wristwatch ever sold publicly. Did I mention it's made of stainless steel?

The 2015 Only Watch auction is held every other year to raise money for Duchenne Muscular Dystrophy, and brands big and small dontate unique watches to be sold. This year, Patek contributed a one-of-a-kind stainless steel reference 5016, a grande complication that includes a tourbillon, minute repeater, and retrograde perpetual calendar all in a small, wearable package. The steel case is complemented by a rich blue dial and matching strap. It's beautiful, highly complex, and an obvious trophy for collectors. There was no question this was going to be the top lot of the sale.