Patek Philippe, most expensive wristwatch ever sold

The 2015 Only Watch charity auction in Geneva, included a 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.

The 2015 Only Watch auction is held every other year to raise money for the Duchenne Muscular Dystrophy. 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.

But the $7.26 million price tag still can’t touch the price of the most expensive regular watch ever sold: the Patek Philippe Henry Graves Supercomplication, a vintage pocket watch that sold at auction for $24 million last year.

This year’s edition of Only Watch is the most successful auction to date. More than 300 people attended the auction, which also witnessed on line and phone bidding from around the world as many collectors and watch lovers vied to become the owner of one of those 44 unique watches.

Among the other top-sellers:  an F.P. Journe Tourbillon Souverain Bleu sold for more than half a million $550,000; the Richard MIlle RM 27-02, worn by Rafael Nadel on court, sold for about $650,000.

A Hublot Classic Fusion designed in cooperation with artist Romero Britto pulled in approximately $135,000; A Louis Vuitton hand-painted worldtimer watch fetched about $130,000. The red and black Ulysse Nardin special edition Stranger watch sold for $120,000 — more than $40,000 more than expected. Similarly a Bell & Ross BR01 Tourbillon Skull Brozne watch raised $100,000.

Patek Philippe stainless steel reference 5016