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04:36:35 UTC--4

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The Patek Philippe Ref.1518 watch sets new record after selling for $11.000.000

Patek Philippe has always been a synonymous for the rarest and most-admired wristwatches in the world, and one of their beautiful creations just shattered a record to become the most expensive watch ever sold on an auction. The steel perpetual calendar chronograph known by the name Ref.1518 reached a $11.100.000 price last week, and you could buy a watch just as expensive after the next Powerball draw. Play now to snatch a life-changing $293.000.000 windfall!

Seven collectors competed to acquire Ref.1518 during a watch auction in Geneva last week, and it’s not that hard to see why. This rare perpetual calendar chronograph with moon phases is a true masterpiece, brought into making during one of the most crucial moments in the history of mankind. It was released all the way back in 1941 in the midst of World War II, and was the very first perpetual calendar chronograph ever manufactured in series of only four known models produced in steel. No wonder it attracted a lot of private collectors to bid for an opportunity to own it, causing the price to surpass the initially estimated $3.000.000.

“It was breath-taking to stand in front of a packed saleroom with over 400 people and another 500 passionate watch enthusiasts from around the world following the auction online or over the phones – it was simply electric,” said Aurel Bacs, senior consultant at Phillips.

This amazing sale broke the record previously held by another Patek Philippe wristwatch – Ref. 5016 made of stainless steel that was sold for $7.380.000 about a year ago.

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