Only Watch Auction results were announced on Saturday November 7, 2015. This auction raised a mind blowing $11,268,000! This spans over 44 watches that were auctioned off. Out of the 44 watches auctioned off, 1 watch stood out and made up 70% of the eleven plus million dollars raised.
This watch is the stainless steel Patek Philippe Grande Complication in stainless steel ref#5016A-010. This ‘Super Patek’ raised $7,300,000 for Only Watch by Philipps Auctioneers in Geneva Switzerland, making it the most expensive watch of all time! This is more than 7 times the highest estimate of $955,000.
Patel Philippe Reference# 5016A-010 stainless steel.
Interchangeable full back and sapphire-crystal case back. Case is humidity and dust protected only (not water resistant). Authentic blue enameled dial on a 18K gold dial plate Caliber R TO 27 pS QR. Manual winding. Minute repeater. Tourbillon. perpetual calendar with retrograde date hand. Alligator leather strap, shiny navy blue, hand-stitched. Fold-over clasp. 36.8 mm. Diameter CHF 700,000-900,000 $743,000-955,000 €675,000-868,000 Reference 5016A-010 was created specially for Only Watch 2015 and is the frst and only version of this watch to be produced in steel. The sheen of this metal, rarely seen in a patek philippe Grand Complication, compliments a blue enameled dial that perpetuates the tradition of the rare handcrafts.