Last Saturday, at the Only Watch charity auction in Geneva, a Patek Philippe wristwatch with an exclusive design was sold for $7.3 million, making it the most expensive wristwatch ever sold publicly. This watch is a true luxury good, with an unique stainless steel reference 5016. This one-of-a-kind creation includes a manual winding, a minute repeater and a perpetual calendar with moon-phase display . The steel case is complemented by a rich blue dial and matching strap, making it a timeless beauty.
The 2015 Only Watch charity auction took place at the luxury La Reserve Hotel Geneva with the aim of raising money for Duchenne Muscular Dystrophy, a noble cause that brands could not ignore. Since the beggining Philippe´s wristwatch was pointed as the top of the scale, since it´s a beautiful, highly complex and an obvious a must have for collectors. This wristwatch proves the uniqueness of Patek Philippe timepieces.
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After nine minutes of intense bidding by two anonymous telephone bidders, he auction hammer only fell with a $7.3 million bid, which is more than 10 times the low estimate and almost double the next highest price ever paid for a wristwatch in an auction. It proves that Patek Philippe watches are true pieces of art and are consider a luxurious investment by collectors. Regarding the price of the watch is possible that it will spent the next decade or two in a luxury safe before emerging back to the auction block.
However, Patek Philippe´s was not the only surprise if the day, F.P. Journe Tourbillon Souverain Bleu, a mix of Journe’s two most desirable watches, was sold for 550,000 Swiss Francs, more than double the low estimate.Thus, with only 44 watchs and clocks the 2015 Only Watch charity auction was able to donate $11.2 million, an impressive figure for this auction.
Taking into account the results of this auction, rarity and limited editions still seem to be the true kings in the world of international timepieces collecting and the sixth edition of the biennial Only Watch charity auction is the proof that luxury lifestyle and exclusity can be perfectly mixed with good causes.
Regarding this luxurious timepieces, what do you think about having a luxury safe that truly matches the beauty of Patek Philippe´s watches? Boca do Lobo´s Are you inspired enough to dive on a luxurious holiday? If not, Boca do Lobo has everything you need to get inspired and dreamy.