Collecting
Patek Philippe Watch Sells for $31 Million in Record Auction
- Timepiece sold in charity sale for muscular distrophy research
- One-of-a-kind piece beat $17.8 million Paul Newman Rolex
A Patek Philippe timepiece sold for $31 million, the highest price for a wristwatch in auction, at a charity sale run by Christie’s in Geneva.
The steel Grandmaster Chime went under the hammer after a 5-minute bidding war in a packed room of more than 300 people. The watch beat the previous record, set by a Daytona Rolex that once belonged to Paul Newman. That piece fetched $17.8 million in 2017.