The Patek Philippe 6301A in steel breaks all records at the Only Watch auction, sold for 15.7 million euros!

Despite controversy and the defections of several brands, the Only Watch 2024 charity auction kept all its promises. The undisputed star of this edition: the Patek Philippe 6301A in steel, a unique minute repeater chime, sold for the record sum of 15.7 million euros.

A strong comeback for Only Watch despite the controversies

Initially scheduled for November 2023, the Only Watch sale had to be postponed following heated controversy. During this period, the organization carried out a financial audit and reviewed its structure and governance. Result: 16 brands, including Audemars Piguet, Tudor and Chopard, preferred to withdraw. Despite everything, 47 unique pieces were offered for auction, headlined by the Patek Philippe 6301A in steel, the Chronometre Antimagnetique by Rexhep Rexhepi, as well as creations by Bulgari, Genta, FP Journe, Richard Mille and young independent watchmakers. promising.

If the image and perception of Only Watch have been affected among collectors, the results of the sale prove that enthusiasm is still there for these exceptional pieces with charitable purposes. In total, the sale raised 28.32 million euros, an amount equivalent to the 2021 edition.

The Patek Philippe 6301A in steel, the undisputed star of the sale

As often, it is Patek Philippe which caused a sensation with a unique model: the 6301A, a steel minute repeater chime with hand-guilloché dial. Estimated between 1.5 and 1.8 million euros, it ultimately sold for 15.7 million eurossold to Zach Lu, already buyer of the Patek Philippe Nautilus 5711 Tiffany at $6.5 million in 2021.

Rexhep Rexhepi and FP Journe confirm their status

Another highly anticipated piece, the Antimagnetic Stopwatch made of steel Rexhep Rexhepi also sparked. After a fierce bidding battle, it was sold for 2.1 million euros, confirming the rising star status of the young independent watchmaker.

FP Journe was not left out with his Stealth Blue Stopwatch in tantalum, which inaugurated the new caliber 1522 with power reserve and moon phase on the back. This unique piece has reached 2 million eurosan excellent result even if it is slightly lower than that of Rexhep Rexhepi, proof of the latter’s meteoric rise.

Richard Mille creates a surprise, the independents shine

Surprise of the sale: the necklace Talisman of Richard Mille overtook the Patek Philippe and the Rexhep Rexhepi by winning for 2.38 million euros. An unexpected performance which proves that Richard Mille collectors are a species apart.

Independent watchmakers also achieved very good sales:

  • THE Petermann Bédat x Auffret Observatory Chronometer at 240,000 euros
  • There Krayon Anywhere at 440,000 euros
  • THE Secular Perpetual Furlan Marri x Dominique Renaud x Tixier at 130,000 euros
  • There Moser x MB&F Panda at 380,000 euros
  • L’Chronometer Workshop at 130,000 euros

Despite the particular context of this edition, the enthusiasm of collectors for the work of these talented young watchmakers has not waned.

More mixed results for big brands

On the large houses side, the results are more mixed:

  • Louis Vuitton with its Einstein Automata at 700,000 euros
  • Bulgari and its Octo Finissimo Tourbillon Marble at 190,000 euros
  • Genta of which the Mickey Mouse “only” reached 170,000 euros, far from its estimate
  • Porthole and his Takashi Murakami Tourbillon at 420,000 euros
  • There TAG Heuer Monaco Rattrapante at 110,000 euros, less than its limited edition selling price

Only Watch, a unique springboard for independent watchmakers

Beyond the sums raised for research against Duchenne muscular dystrophy, the interest of Only Watch is to shine the spotlight on the most promising young independent watchmakers. It is an opportunity for them to unveil innovative pieces, to talk about their talent and to achieve record sales which boost their notoriety. We can bet that despite the controversy, Only Watch will continue to play this unique role of springboard and revealer of tomorrow’s talents.

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