Patek Philippe Unique Piece Carries The 2013 Only Watch Auction
September 28, 2013
Today in Monaco, 33 unique watch lots were auctioned to help fund research to combat Duchenne Muscular Dystrophy. According to MDA.org, “Duchenne muscular dystrophy (DMD) is a genetic disorder characterized by progressive muscle degeneration and weakness. It is one of nine types of muscular dystrophy. DMD is caused by an absence of dystrophin, a protein that helps keep muscle cells intact. Symptom onset is in early childhood, usually between ages 3 and 5. The disease primarily affects boys, but in rare cases it can affect girls.”
This was the 5th Annual “Only Watch” auction, and while some of the lots did not reach their goals, for the most part, final selling prices were good. And as expected, the star of the show, the Patek Philippe Titanium Minute Repeater Ref. 5004, brought in the highest amount, by far. At $3,985,067.00 the Patek Philippe piece brought in 58% of the total proceeds (auction results total: $6,850,574.71). Very impressive. Best of all, though, 100% of the proceeds go to help efforts to fight DMD.