Sylvester Stallone is selling a rare Patek Philippe Grandmaster Chime watch potentially for over 8 million dollars

The legendary Hollywood actor Sylvester Stallone is selling a collection of eleven luxury watches believed to be worth at least 6 million dollars at a Sotheby's auction to be held in New York next month...

While all the highly prized watches going to auction are extremely rare and highly desirable, the highlight of the collection is Stallone's Patek Philippe Reference 6300G-010 Grandmaster Chime. Although the action icon has long been a collector and connoisseur of Patek watches, it was not known that Stallone owned a Grandmaster Chime. This is the first time the Grandmaster Chime has appeared at a commercial auction. In 2019, a unique steel version of the watch sold for an incredible 31 million dollars at the Only Watch charity auction, setting a new record. Sly acquired the watch in 2021 for 2.5 million dollars, it has never been worn and is still preserved in its original plastic packaging, which further increases its value.

The origin of the watch dates back to the Grandmaster Chime Ref. 5175, which was introduced as a limited edition in 2014 to celebrate the 175th anniversary of the Patek Philippe brand. Two years later, it was added to Patek's permanent collection under the new reference - 6300. The auction house states that it is widely considered the "holy grail" among watch enthusiasts. With at least 20 complications, the Grandmaster Chime is the most complicated model Patek Philippe has ever made. The list of complications includes grand and small sonneries, minute repeater, time strike alarm, date repeater, second time zone with day/night indicator, striking mode display, strike isolator display, alarm on/off indicator, crown position indicator, and power reserve indicators for the mechanism and striking. The watch is designed with two faces: one focused on timekeeping and sonnerie, while the other is dedicated to the perpetual calendar. Development, production, and assembly of the watch took an incredible 100,000 hours.

Stallone released a video on the YouTube platform in collaboration with Sotheby's discussing the watches that will be offered at the auction on June 5. The Hollywood actor claims that he could only acquire the Grandmaster Chime after personally appealing and writing letters to the board of directors of the Patek Philippe brand. Calling it a "work of art" on the level of a Monet painting, Stallone says he had a "true sense of accomplishment owning it." As for the reason he decided to part with his cherished passion, Sly says: "I didn’t want to keep it forever, that’s just not my personality. I like to enjoy things, and then I like to share them." According to Sotheby's, the Grandmaster Chime is estimated to sell between 2.5 and 5 million dollars. However, it would not be surprising if the final sale price exceeds 8 million dollars.

The watch comes with a presentation box engraved with Stallone's name and a Grandmaster Chime book with his name on the front and inside. Additionally, there is a certificate of origin confirming Stallone as the original buyer, product literature in a large leather portfolio, collection book, travel case, cufflinks, USB drive, sealed adjustment pin, label, Apple iPad with a Patek Philippe leather case, adapter, charger, and Apple earphones with a Patek Philippe case.

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