How’s this for exclusive: On Saturday, Christie’sOpens in a new Window. auctioned off a one-of-a-kind, never worn Patek Philippe watchOpens in a new Window., and the luxury timepiece sold for a record-breaking 31 million Swiss francs, or $31.1 million. That’s the highest price ever paid for an auctioned timepiece, and it beats the previous record by roughly $7.8 million, according to CNN.
An anonymous buyer purchased the watch on Saturday, and the final sale blew past the watch’s estimated price of $2.5 to $3 million, according to data from Christie’s. Interestingly, the previous record was also held by a Patek Philippe watch: That went to a vintage model made in 1932 that sold for 23.2 million Swiss francs in a 2014 Sotheby’s auction, CNN reports.
The Grandmaster was one of 50 timepieces auctioned during Only Watch, a biannual event to raise money for research into Duchenne muscular dystrophy, a genetic disease that causes muscle deterioration. Overall, the event raised over $38 million for the cause—the bulk of it coming from just one ultra rare, incredibly expensive watch
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