A steel Patek Philippe for $5m and also the most costly Rolex watch on the planet

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Numerous records were amazed in the inaugural Phillips watch auction, locked in Geneva in the finish of a week ago. A steel Patek Philippe monopusher chronograph went underneath the hammer for any snip under $5m (£3.2) to get probably the most costly stainless watch ever offered at auction along with a Rolex Daytona ‘Albino’ that when belonged to Eric Clapton accomplished $1.4m (£890k), to get probably the most costly Rolex watch ever offered at auction.

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The Patek doctor’s chronograph – what is known as due to the Pulsometer scale round the dial, employed for going for a pulse – is among 3 known models. These were produced in 1927 for any South American store and yet another is located in Patek’s famous Geneva museum. After 21 minutes of putting in a bid, the standard 33mm stainless piece offered for $4,987,383, greater than doubling its low estimate.

Four watches offered for more than $1m (£636k), plumping in the auction’s overall sales to $31,834, 734 (£20m). One of the records set in the event was the cost taken care of ‘The Large Kahuna’, certainly one of 3 known Rolex watch 6612s produced in platinum. It offered for $507,865 (£322k) to create the planet record cost for any Rolex watch Day-Date offered at auction.

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A week ago, TAG Heuer introduced a number of Ayrton Senna special-edition watches in an event in Barcelona held to mark the 30-year anniversary from the luxury Swiss watch brand’s relationship using the McLaren Formula 1 team, that Senna won his three-world titles within the late eighties and early the nineteen nineties.

Senna rejoins the TAG Heuer ambassador family greater than two decades after his dying, and also the new watches happen to be made to can remember the legendary Brazilian driver’s passion, spirit and flair.

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At this time, just two watches happen to be launched to the market, with further pieces expected later around. The first one to go ahead and take chequered flag would be the fine-blown steel 43mm Formula 1 Chronograph Senna Edition pieces, which feature the swooping Senna ‘S’ around the dial and ‘Senna’ around the tachymetre bezels.

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They’re run by quarta movement actions with 1/tenth of the second chronograph and date functions, and can retail for £1,350. Both revive the ‘Legend’ bracelet using its ‘S’-formed links, a design up-to-date in the watches worn by Senna in the racing pomp.

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Patek Philippe’s lengthy-looked forward to Watch Art Grand Exhibition opens in the Saatchi Gallery in Chelsea on May 27. Entrance is free of charge, so we hope you’ll come along there.