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Rare platinum watch sells for $10.59m at Geneva Phillips auction totaling $112.3m

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A Phillips auction in Geneva set a new benchmark for the luxury watch market, bringing in roughly CHF 92 million in total sales. Every timepiece offered was sold, drawing strong interest from collectors. The top lot, an F.P. Journe Chronomètre à Résonance 'Régence', fetched CHF 8.68 million. Other notable results included a Patek Philippe sold for CHF 6,267,000 and a Cartier watch that went for CHF 4,815,000.

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