GENEVA — A Patek Philippe timepiece that in 2016 became the most expensive wristwatch ever sold at auction fetched an even higher price this weekend, auctioneers Phillips said Sunday.

The watch sold for 14,190,000 Swiss francs (US$17.6 million), surpassing the 11 million francs it fetched nine years ago, or $11 million at the time.

The Patek Philippe Perpetual Calendar Chronograph Reference 1518, made in 1943, is one of only four known to have been made in stainless steel — its rarity making it more sought-after than those produced in gold.

Its 2016 world record price for a wristwatch was overtaken in 2017 by Hollywood star Paul Newman’s Rolex Daytona which fetched $17.8 million.

That was then surpassed in 2019 by a Patek Philippe Grandmaster Chime, which sold for $31 million.

But the

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