Recently, at the just concluded only watch charity auction, the most expensive watch in the world was born. The price of this watch is ref.6300a-010. It was sold at a sky high price of 31 million Swiss francs, about 220 million yuan (no commission), breaking the world record of 130 million yuan set by Rolex Paul Newman Ditong in 2017.
World's most expensive watch released
This Patek Philippe with a value of more than 200 million is not made of precious metal, but a stainless steel case. Let's take a look at the excellent basic information: this 6300a-010 is a 'double-sided' watch, equipped with a manual mechanical movement. It has complex functions such as date, week, month, year, lunar phase display, leap year cycle display, time display between two places, alarm, day and night display, three questions, perpetual calendar and so on. It is waterproof for 30 meters and has a surface diameter of 47.7 mm.
A Patek Philippe ref.6300a-010 was sold at a sky high price of 31 million Swiss francs, about 220 million yuan (no commission), becoming the 'most expensive watch in history', breaking the world record of 130 million yuan set by Rolex Paul Newman Ditong in 2017.
What makes it the most expensive watch
According to the analysis of insiders, 'rare things are expensive' is the most important reason for the high price, and this 6300a-010 is exactly a so-called 'orphan'. The selling point of the limited one Patek Philippe ref.6300a-010 is based on the 'King of kings' ref.5175. In particular, its case material is changed from precious metal to stainless steel. In addition, it is matched with the' Salmon 'color dial popular in the collection market.
For most brands of watches, the value of precious metal version will be much higher than that of steel version. However, for some styles of some brands, the premium of steel will be very high because of the scarcity of steel. In 2013, Rolex Rolex 4113 double tracking Chronograph was sold at Christie's auction for more than 1.1 million Swiss francs, about 7.255 million yuan.
The only watch auction is well-known in the watch industry. It is a charity auction of watches held every two years since 2005. The initiator is Mr. Luc pettavino of Monaco and the sponsor is the Prince Albert II foundation of Monaco. Mr. Luc pettavino's son suffered from Duchenne muscular dystrophy in his early years. Large watch brands all over the world participated in providing their own watches. The auction house collected money for the research of Duchenne muscular dystrophy. At the same time, as a global news communication window, watch brands donated watches free of charge for auction, which also gained high exposure.