Historic F.P. Journe Wristwatch Sells for Record $8.4 Million

  • Journe sale is highest ever for an independent watchmaker
  • First Rolex Rainbow Daytona fetches $6.3 million in same sale
The F.P. Journe Tourbillon Souverain à Remontoire d’Egalité.Source: Phillips Auctioneers LLC

A historically important wristwatch made by independent French watchmaker François-Paul Journe sold for a record at auction in Geneva, fetching 7.32 million Swiss francs ($8.4 million).

The price is the highest ever paid for a wristwatch made by Swiss-based Journe and the most for one by an independent maker at auction. The pre-auction price estimate was in excess of 2 million francs.