The DeWitt Incognito Watch Concept No.1 was part of yesterday's Only Watch auction in Monaco but was the only watch not presented to bidders. The buyer, Mr. Jimmy Tan (Prince Jewellery and Watch Company), one of the best-known Hong Kong distributors of Haute Horlogerie paid 400,000 Euros (approx $550,000). The watch will be delivered and hopefully unveiled early in 2008. All that is known about the watch is that it's equipped with a flying tourbillon regulator endowed with a 21-day power reserve. The supporting structure of the mechanism, made from a lithium-aluminium alloy.More info via Timezone
Other record breaking sales included the Patek Philippe Nautilus Pièce Unique for 525,000 Euro (approx $740,000) and the follow-up Richard Mille/Philippe Starck collaboration that hammered at 320,000 Euro (approx $450,000).
Only Watch auction-->Link
DeWitt website-->Link
Patek Philippe website-->Link
Richard Mille website-->Link
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