World’s Most Expensive Watch Sells For £24.2Million In Switzerland

The world’s most expensive wristwatch valued at £24.2million has been sold in Switzerland during a Christie’s Charity Auction.

Being one of the most-complicated timepiece ever crafted, The Patek Phillippe Grandmaster Chime was bought by a private telephone bidder at the Four Season Hotel Des Bergues in Geneva.

Estimated to be sold for around £2Million, the Patek Phillippe smashed the earlier record of £13.5million Rolex Daytona, which was owned by Paul Newman, a Hollywood star.

Featuring a patented reversible case, which can be turned around to display two dials, the watch comes in black ebony and rose gold.

The Patek Phillippe Grandmaster Chime features a patented reversible case, which can be turned around to display two dials. The watch comes in black ebony and rose gold

Speaking to The Guardian, the head of Christie’s Watch Department in Geneva, Sabine Kegel said: ‘It does almost everything aside, making coffee.’

Also loaded with four spring barrels to create 20 complications, it has 5 chiming modes. Two of which are patented as world firsts – a date repeater which tells the date each time the wearer wishes for it and an acoustic alarm which sounds at a present time.

‘There was such a great atmosphere in the room with standing ovations after every sale.’ Kegal added.

Estimated to be sold for around £2Million, the Patek Phillippe smashed the earlier record of £13.5million Rolex Daytona, which was owned by Paul Newman, a Hollywood star

Well, all of the proceeds raised from the sale of the world record watch will be going to the charity. About 50 of the watches were produced for the Only Watch Charity Sale over the weekend, including the record-breaking £30.23milllion raised for research into Duchenne Muscular Dystrophy.

Duchenne Muscular Dystrophy, DMD is recognized as a genetic disorder that results in progressive muscle degeneration.

‘Breaking records are honestly a source of happiness and pride. What a beautiful moment and emotion shared together.’ Luc Pettavino, the only watch founder added.

Nevertheless, other watches donated include Hublot, Audemars Pigue, Richard Millie, F.P Journe, and Montblanc.