Only Watch auction raises $39 million through the sale of 50 unique timepieces

Only Watch has become the watch industry's biggest charity event in history after raising CHF 38.6 million for research into Muscular Dystrophy That should not overshadow the generosity of 49 other watchmakers that created one-off timepieces for the charity auction, boosting the final total by a further CHF 7.6 million An FP.

Journe Astronomic Blue sold for CHF 1.8 million and an Audemars Piguet Code 11.59 made just over CHF 1 million Only Watch founder Luc Pettavino followed a speech by Prince Albert II of Monaco to introduce the auction - hosted for free by Christie's in Geneva - and talk about progress in developing treatments for Duchenne Muscular Dystrophy, which prematurely claimed the life of his son "Breaking records is obviously a source of pride and happiness.

What a beautiful moment and emotion shared together! And what matters most today is the difference we are going to be able to make in research against muscular dystrophies and for hundreds of thousands of patients and families around the world for their lives to get better," Mr Pettavino said Only Watch is a tiny organization, supported by the generosity of the participating watchmakers and organisations like Christie's, which helped take the 50 watches on a world tour to drum up interest Its leanness means 99% of funds raised go directly to medical and scientific research projects channeled through the Monegasque Association against Muscular Dystrophy. Source