Only WatchToday in Geneva, the Only Watch auction raked in many millions going to the purpose of research for the rare Duchenne strain of muscular dystrophy. The previous record was set at Only Watch 2015, when the unique Black Bay One sold for 375,000 Swiss francs, more than 100 times is low estimate. Patek Philippe’s Reference 5208T-010 became, as expected, the top performer at the auction, selling for 7,287,500 Swiss francs, almost seven times its high estimate of 1,100,000 CHF. The Audemars Piguet Royal Oak Perpetual Calendar in ceramic for Only Watch also realized a magnanimous price of 800,000 Swiss francs. Only WatchThe Laurent Ferrier x Urwerk Arpal One LF-UR1, made by two independent boutique brands, had a high estimate of 70,000 Swiss francs.

Source: Forbes November 11, 2017 15:11 UTC