Wednesday, November 13, 2019

The Most Expensive Watch In History Is A Steel Watch

A Patek Philippe Ref.6300A-010 was sold at a price of 31 million Swiss francs, or about 220 million yuan (without commission), becoming the "most expensive watch in history", breaking the record created by Rolex Paul Newman in 2011. The world record of 130 million yuan.

What kind of watch can shoot such a high price? In particular, this 200 million Patek Philippe is not made of precious metal, but a stainless steel case. Let's take a look at the excellent basic information: This 6300A-010 is a "double-sided" watch with a manual mechanical movement, with date, day of the week, month, year, moon phase display, leap year cycle display, two time display Complex functions such as alarm, day and night display, three questions, perpetual calendar, etc., waterproof 30 meters, diameter 47.7 mm.

In 2014, replica Patek Philippe released the Ref.5175 model. This is a wearable and complicated watch with 20 functions. The development, manufacture and assembly of the watch took more than 100,000 hours, and the manufacturing process of the single movement parts took nearly 60,000 hours. The official sale price of this Ref.5175 is more than 16 million yuan, but it is not available at this price in the secondary market. Ref.5175 produced a total of seven pieces, one of which was reserved for the Patek Philippe Museum collection, and the remaining six were reserved for the Super VIPs to queue up for purchase.

For most brands, the precious metal version will be much more valuable than steel. However, for some models of some brands, the steel will have a very high premium because of the small amount. In recent years, some models of “high price” have been auctioned, many of which are stainless steel watches. Watch fans also clearly remember that the Rolex Rolex 4113 double-chase chronograph was sold at the Christie's auction in 2013 for more than 1.1 million Swiss francs.

In an auction in 2016, a Patek Philippe Ref.1518 watched more than 11 million Swiss francs. It is also a steel watch, the first Chronograph chronograph of Patek Philippe. As for the "WINNING ICONS" special auction in Fuyisi, breaking the world record at that time - the most expensive stainless steel watch in history, the most expensive auction watch in history, the most expensive Rolex in history, it is an all-steel "Paul Newman" "Ditong, even the commission price of up to 17.75 million US dollars!

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