BREAKING NEWS: CHF 31 Million Steel Grandmaster Chime Becomes Most Expensive Timepiece Sold at Auction

Having started with an opening bid of 5 million and climbed at increments of a million, before slowing down at 13.5 million, the bidding picked up the greatest pace once things moved past the 20 million mark.

The final hammer price settled on 31 million, but not before plenty of the early bidders falling out making way for newer bidders who drove it to the end.

While it’s fair to suggest that the watch isn’t your average auction piece, it has factually gone for well beyond the price of Paul Newman’s “Paul Newman” (USD17.8mil) and even the Henry Graves Supercomplication (USD24mil). Making the 2019 Only Watch Patek Philippe Grandmaster Chime reference 6300A-010 in steel, the most expensive timepiece to have ever been sold at an auction.

The Grandmaster Chime reference 6300A-010 in steel, made specially for Only Watch 2019 sold in Geneva for 31 million
The Grandmaster Chime reference 6300A-010 in steel, made specially for Only Watch 2019 sold in Geneva for 31 million
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