Watch Focus

Patek Philippe watch fetches record £8.8m at auction

A Patek Philippe reference 1518 in stainless steel established a new world record for any wristwatch to be sold at auction when it went under the hammer on the weekend.

The timepiece – believed to be one of only four of its type to exist – was sold at Phillips’ Geneva Watch Auction, which took place on 12-13 November, for 11m Swiss francs (£8.

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