Browse By

Unique Patek Philippe For ONLY WATCH 2019 Sold For A Record $31 Million

Until now, the most expensive wristwatch to have ever been sold at auction was Paul Newman’s $17 Million Rolex Daytona.  The most expensive watch however until a few days ago was the Patek Philippe Henry Graves Jr Supercomplication at $24 Million.  On the 9th of November 2019 in Geneva yet another Patek took that crown.  A unique Patek Philippe For ONLY WATCH 2019 sold for a record $31 Million.

The two face dials of the $31 Million Patek Philippe For Only Watch 2019

The Patek Philippe Grandmaster Chime For ONLY WATCH 2019 Ref. 6300A-010  © ONLY WATCH

What Exactly is ONLY WATCH?

Before getting into the watch itself, it is essential to understand more about ONLY WATCH and its purpose.  ONLY WATCH is a fundraising auction founded by Luc  Pettavinno in 2001.  His goal was clear; Ask watch manufacturers to create unique timepieces that are donated and auctioned off for a charitable cause.  The proceeds from the auction (99%) funds research into Duchenne Muscular Dystrophy.  The event is held every two years and have so far raised around $77 million.  The inspiration in initiating this movement and collaboration is Luc Pettavinno’s own son Paul.  Paul suffered from Duchenne Muscular Dystrophy but sadly passed way in November 2016 right before his 21st birthday.

Luc Pettavino

Luc Pettavino – Founder of  ONLY WATCH and President of Association Monégasque contre les Myopathies © GIAN MARCO CASTELBERG PHOTOGRAPHY

Despite the loss of his son, Luc Pettavino continues his fight against Duchenne Muscular Dystrophy with the fundraising event.  Watch manufacturers keep creating unique collections for ONLY WATCH.  Other organisations such as Christie’s, Air France and Ferrari keep providing their unparalleled  support to the event for free.

Christie's only watch auction 2019

The Grandmaster Chime Collection

The initial rose gold Grandmaster Chime was introduced by Patek Philippe in 2014 to commemorate the 175 years of the Manufacture.  It joined the current collection of Grand Complications in 2016 with a white gold version .  The latter has less engraving to the case than the 2014 version giving it a more modern appeal.

The wristwatch is widely regarded as one of the most complicated in the world featuring a reversing double face case bearing 20 complications containing 1366 parts with 108 jewels.

The Uniqueness Of The Patek Philippe For Only Watch 2019 

The Grandmaster Chime is already unique being one of the most complicated wristwatches in the world and not widely seen on anyone’s wrist.  The most common Patek you can encounter are Calatravas, Nautiluses and Aquanauts.  The ONLY WATCH Patek Ref. 6300A-010 though, steps uniqueness up a notch.  Firstly it holds the crown of being the most expensive watch in the world which is justified partly by being linked to a charitable cause.

Secondly, and this may shock a few, it is not made out of white gold or any other precious metal.  It is made out of stainless steel.  A metal usually used in most common watches but rarely used in the making of complicated Pateks.  This makes it stand out from most grand complications within the Patek family as well as amongst other complicated watch manufacturers.

ONLY WATCH Patek

‘THE ONLY ONE’  inscribed on the rose gold time side dial of the one off unique Patek Philippe.

To add onto this, the previous most expensive watch crown bearer, the Paul Newman Rolex Daytona was also made out of stainless steel.  It is astonishing how the two most expensive watches are both stainless steel cased.

The Luc Pettavino Model

ONLY WATCH is the horological industry’s example of how people and organisations can collaborate for a particular cause without focusing on financial losses or gains.  This model, the ‘Luc Pettavino’ model can be an inspiration for other people or organisations to contribute positively to causes and social issues globally.

ISL AVENUE newsletter