According to its new policy, Patek Philippe only uses titanium for charity auction pieces.
Later this year, Patek Philippe created a perpetual chronograph in titanium (Ref. 5270T-010) to be auctioned for the Swiss charity Children Action.
Specifically made for the charitable event, it features an emerald green shade with matching stitching on its alligator skin strap. The case back, which uses sapphire crystal, has “Children Action 2022” engraved.
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Previously, the Swiss watchmaker has made titanium watches for selected customers as private commissions. Since 2013, beginning with the titanium Patek Philippe Ref. 5004T split-second perpetual calendar, the brand reserves the material for charity auctions only.
Worth millions
The Ref. 5004T sold for almost $4 million at an Only Watch charity auction. In 2017, a titanium Ref. the 5208T-010 minute repeater perpetual calendar chronograph went for $6.2 million at the same event—it’s the ninth most expensive watch ever sold.
Although the new titanium piece probably won’t beat the $31 million stainless steel Patek watch (the priciest watch ever sold), it may enter the Top 20.
With only one piece being produced, you might want to make a bid. So mark your calendar for November 7, where it will be auctioned off in Geneva at the Children Auction gala.
Images from Patek.com
