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Monday, 9 Nov 2015
Most expensive watch auctioned sells for $7.3M
A Patek Philippe timepiece became the most expensive wristwatch ever sold at auction over the weekend, when it was purchased for $7.3 million.

Patek Philippe 5016A

The watch, called the 5016A, sold at Phillips auction in Geneva for more than 10 times its low estimate of $700,000. The sale followed nine minutes of intense bidding by two anonymous phone bidders, and led to a standing ovation by the crowd at the La Reserve Hotel...The proceeds will go to charity.