The Only Watch 2017 charity raised $10.2 million (CHF10,822,580) following an auction conducted by Christie’s in Geneva over the weekend. Not surprisingly, Patek Philippe pulled in more than half of the total sale with its Ref. 5208T selling for $6.2 million. More than 50 brands offered one-off timepieces at this auction.
The bi-annual auction, conducted by Christie’s Watches this time on November 11 in Geneva, raised all this money to fund research on Duchenne muscular dystrophy. Since 2005, the biennial event has now raised more than $40 million to finance fundamental and applied research in this field.
Patek Philippe scored the biggest result of the day when its unique Ref. 5208T, a triple complication (minute repeater, a monopusher chronograph, and an instantaneous perpetual calendar) in a titanium case pulled in CHF 6.2 million (about $6.2 million). The watch had an upper estimate of $1.1 million.
A unique FP Journe monopusher split-seconds chronograph that will never exist in the F.P. Journe collection post the auction was sold for CHF1.1 million. This was easily one of the most talked about watches from this year’s auction and considering that Journe built this movement entire ground-up for this particular event, many felt that this watch encapsulated the core spirit of the Only Watch charity.
An Audemars Piguet Royal Oak Perpetual Calendar with blue dial and a black ceramic case sold for $803,455.23 (CHF 800,000). Tudor was the belle of the ball at Only Watch 2015 when the Black Bay One sold for a whopping $375,000 – more than 120 times the pre-sale estimate.
This year Tudor returned with Bronze One, its flagship model in bronze presented with a winding crown one the left and a khaki green dial. The watch sold for CHF350,000 (about $350,000), nearly 90 times its pre-sale estimate of $4,500.
A unique MB&F HM8 in white gold and titanium with a sapphire crystal engraved with a doodle created by a 15-year-old girl and featuring a sculpture of a white gold elephant sold for CHF210,000 (pre-sale estimate CHF100,000).
Since there is no buyer’s premium in play here, 99 per cent of the proceeds from the sale go towards the charity. To view the entire auction results, click through to the Christie's website.