ONLY WATCH 2017 RAISES 10mn Swiss Francs

ONLY WATCH 2017 RAISES 10mn Swiss Francs

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Hiren Kumar Bose on the charity fundraiser for research on Duchenne Muscular Dystrophy which since 2005 has raised 25 million euros

Patek Philippe Reference 5208T-010 was snapped for a princely sum of CHF 6,200,000 at the 7th edition of Only Watch event held in Geneva recently.

The 50 lots composed of unique watches and exceptional experiences were auctioned by Christie’s to bidders from 45 different countries in the presence of watchmaking manufacturers’ representatives, collectors and philanthropists, alongside 350 supporters in the room and many more bidders and participants online and on the phone raised € 9,289,434 (CHF 10,776,500).

The charity fundraiser for research on Duchenne Muscular Dystrophy, world-renowned and organized every two years at the initiative of the Association Monégasque Contre les Myopathies. The 7th edition of the renowned biennial charity-auction Only Watch began its ten-leg world tour at the Monaco Yacht Show on 27 September and culminated with the auction in Geneva.

Among the 50 brands participating in the event were Audemars Piguet, Barbier-Mueller, Blancpain, Bovet Fleurier, Breguet, Carl F.Bücherer, Chanel, Chopard, Christophe Claret, De Bethune, Dewitt, Frédérique Constant, Girard Perregaux, H.Moser & Cie, Harry Winston, Hautlence, Hermès, Hublot, Laurent Ferrier & Urwerk, Louis Moinet, Louis Vuitton, MB&F, MCT, Montblanc, Patek Philippe, Piaget, TAG Heuer, Tudor, Ulysse Nardin, Voutilainen and Zenith.

Since its start in 2005, ONLY WATCH has become the de facto platform for the world’s most talked about watchmakers to unite in the pursuit of a common cause: to increase funding for research into Duchenne muscular dystrophy (DMD). L’Association Monégasque contre les Myopathies (Monaco Association against Muscular Dystrophies) dedicates 100 percent of its funding and resources to international research. DMD is a rapidly progressive form of muscular dystrophy that occurs primarily in boys and affects approximately 1 in 3500 male at birth worldwide. Symptoms, which include a decline in muscle strength, usually appear between the age of 4 and 6 years and most boys are confined to a wheelchair by the age of 12. Few individuals with DMD live beyond their 30s.

Among the watches which attracted the most price included F P Journe Chronographe Monopoussoir Rattrapante (CHF 1,150,000), Audemars Piguet Royal Oak Perpetual Calendar Only Watch(CHF 800,000) MB&F Horological Machine N°8 Only Watch (CHF 210,000), Hublot Big Bang Unico Sapphire Usain Bolt (CHF 150,000) and Breguet Classique Quantième Perpétuel (CHF 110,000).

With more than 25 million euros collected since 2005, Only Watch, under the patronage of HSH Prince Albert II of Monaco and at the initiative of Luc Pettavino, President of the Association Monégasque contre les Myopathies, is the premier international watchmaking charity event in the world.