Luxury Watches Raise Millions For Charity

Luxury Watches Raise Millions For Charity

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Patek Phillipe Grandmaster Chime being sold for $ 38 million at the Only Watch event establishes a record, writes Hiren Kumar Bose

Watch brands are helping raise millions to fund charitable causes. The Only Watch auction raised $38 million in the two-day long auction ay Geneva recently with a Patek Phillipe Grandmaster Chime, the only one ever made in stainless steel,  sold for $31 million. It broke the  record set in 2017 for sensational $17-million Paul Newman Daytonas in the Phillips in Association with Bacs & Russo.

Only Watch is a biennial charity auction of luxury timepieces made by the finest watchmakers for research into Duchenne Muscular Dystrophy.

The 13 other watches sold at the auction included F.P. Journe Astronomic Blue (Swiss Francs or CHF 1,800,000),  Audemars Piguet Code 11.59 Openworked Tourbillon (CHF 1,000,000), Akrivia/Rexhep Rexhepi Chronomètre Contemporain (CHF 360,000), Tudor Black Bay Ceramic (CHF 350,000), Richard Mille RM 11-03 McLaren prototype (CHF 320,000), Urwerk x De Bethune Moon Satellite (CHF 300,0000), Bovet Récital 23 Hope (CHF 280,000), Louis Vuitton Escale Spin Time(CHF 280,000). Hublot Classic Fusion Tourbillon Sapphire Orlinski, (CHF 240,000), Breguet Type 20(CHF 210,0000, Hermès Arceau L’Heure de la Lune, (CHF 210,0000), Kari Voutilainen TP1 Pocket Watch (CHF 110,000 CHF)  and Carl F. Bucherer Patravi ScubaTec (CHF 60,000).

In a similar event held at Geneva Watch Auction X Zenith A386 reference El Primero was designed by Phillips in Association with Bacs & Russo to commemorate the 50th Anniversary of Zenith’s history-making timepiece raised a record USD 250’650 (CHF 250’000) benefiting Zoé4life, part of the Childhood Cancer International network.