Only Watch is an annual charity watch auction promoted by the Monaco Association Against Muscular Dystrophy along with Antiquorum Auctioneers and the Monaco Yacht Show, with 100% of the proceeds funding research on muscular dystrophy. This year’s event was the fifth ever (it’s held every two years), and saw 33 one-off timepieces crafted by the horological elite and one lot of 14 magnum-sized bottles of vintage Lanson champagne go on the block in Monaco.
Thanks to noted makers like Corum, Breguet, Blancpain, Vacheron Constantin, Bell & Ross, Hublot, Patek Philippe, and Zenith, when the final gavel fell the event had raised a record total of $6.86 million for charity. As is typical with auctions, some pieces went for a low percentage of their pre-auction estimates, and others hugely outperformed predictions. The big surprise was that there were no real surprises. Patek Philippe’s entry, a beautiful titanium split seconds chronograph with perpetual calendar, fetched nearly $4 million and outperformed the pre-auction estimate by 400% (they always do that). Second place in the Overachiever category went to the champagne; again, few were surprised.