World's most expensive wristwatch sells for a whopping R462 million

World's most expensive wristwatch sells for a whopping R462 million

- A Patek Philippe has recently been sold at the whopping sum of R462 million at an auction in Geneva

- The luxury accessory is said to be the most expensive wristwatch in the world

- Proceeds from the auction will be donated to research into muscular dystrophy

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Social media is currently buzzing with the news of a super expensive wristwatch by luxury jewellery brand Patek Philippe, that has just been sold at the whopping sum of R462 million.

According to reports by wealth ranking publisher Forbes Magazine, the rare Patek Philippe Grandmaster Chime Ref. 6300A was sold at Only Watch, a charity auction which was hosted by Christie’s in Geneva, Switzerland.

It was gathered the sum of money paid is by far the highest that has been ever paid for a wristwatch in the world, and even more interesting, the proceeds will be donated to research into muscular dystrophy.

The report also noted that the charity auction was one that usually had top wristwatch brands come together and donate special editions of their creations.

See a picture of the timeless piece below:

World's most expensive wrist watch sells for ₦11.2 billion (photos)

The Patek Philippe wrist watch. Photo: Patek Philippe
Source: UGC

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Before the Patek Philippe piece snagged the title for world’s most expensive wristwatch, it was held down by Paul Newman’s Paul Newman Rolex Daytona, which sold for $17.7-million (R264 million) at a Phillips auction in 2017.

In 2014, Patek Philippe Henry Graves Jr. Supercomplication (a pocket watch) sold for $24 million at a Sotherby’s auction and held the world title.

The auction has been held biennially since 2005, after Luc Pettavino learned that his son, Paul, was afflicted with muscular dystrophy.

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Source: Briefly.co.za

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