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Monaco bidder buys watch for cool €1m

Monaco bidder buys watch for cool €1m

By Staff Writer - July 23, 2017

A watch that supposedly belonged to Russian President Vladimir Putin has been sold in Monaco for more than a million euros.

The unidentified bidder paid €1.054 million for the Patek Philippe timepiece, auctioneers Monaco Legends has said.

While the Kremlin continues to deny that the watch was Putin’s, claiming the story is “fake news”, the auction house continues to say that as far as it knows the client had ordered this watch from Patek Philippe in order to give it as a gift to the Russian President, Vladimir Putin.

Putin has a soft spot for luxury watches and wears then on his right hand. A Russian opposition group has claimed that the president has a collection worth 22 million roubles, an amount equal to more than six times his official income.

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