Weather
Monaco, MC
light rain
5.4 ° C
10 °
2.8 °
81%
6.2kmh
75%
Sat
14 °
Sun
14 °
Mon
15 °
Tue
15 °
Wed
16 °
Breaking News

Transport disruptions expected to continue as union strikes roll on throughout France

Record watch sale to benefit Monaco association

Record watch sale to benefit Monaco association

By Stephanie Horsman - November 20, 2019

The Only Watch biennial auction saw a staggering €35 million raised for Duchenne Muscular Dystrophy research, with a one-off Patek Philippe prototype going for an incredible €28 million.

Watch collectors and philanthropists from around the globe gathered at the 8th edition of the Only Watch charity auction supporting the Monegasque Association Against Myopathies (AMM). The event was held in Geneva on 9th November, and record-breaking sales were made with the purchases of one of a kind luxury timepieces made by the finest manufacturers in the world.

This year’s €35 million in sales counts for half the total of all editions of this event combined.

The most expensive watch in the world sold at auction for the benefit of a Monegasque association
The most expensive watch in the world sold at auction for the benefit of a Monegasque association

The event was created as a labour of love by founder Luc Pettavino, whose son Paul suffered from, and succumbed to, the disease shortly before his 21st birthday.

99% of the proceeds from the auction go directly toward independent research projects aiming to put an end to Duchenne muscular dystrophy, a particularly destructive genetic disease which strikes one in 3,000 male births. There is no cure and the average life expectancy is 26, however thanks to new research – assisted by funds raised from the auction – strides have been made and many are now living into their 30s and 40s.

Prince Albert II of Monaco gave the opening address at the auction

“I want to state how proud I am of the progress we’ve achieved thanks to our collective effort on Only Watch,” said HSH Prince Albert II, who lends his name and support to the auction. “Monaco has been the epicenter of this beautiful initiative, pioneering in innovative ways to fund research and have it move faster and further in a more collective way. And today, thanks to you, we are on the verge of clinical trials for a cure for Duchenne Muscular Dystrophy, with researchers working in symbiosis in Monaco, France and Switzerland, giving hope to thousands of boys and men around the world. (…) To all supporters of the cause, you have my gratitude.” 

Luc Pettavino

Monegasque Association Against Myopathies has offered help to laboratories worldwide, exploring the most promising new treatments such as stem cell and gene therapies and antisense strategies, which in effect “rescue” mutated dystrophin genes.

 

Photos courtesy: Only Watch

shares
SHARE
Previous articleMarcos Marin and Jeff Koons: Memories on the banks of the River Seine
Next articlePrince Jacques and Princess Gabriella steal the show on National Day

daily

December 5, 2019 | Lifestyle & Wellbeing

Major step forward for gay rights in Monaco

Cassandra Tanti

Same sex couples in Monaco will be able to benefit from a host of legal rights afforded to married couples and their children, under a new Free Union law that has just been passed by the National Council. After reading a very detailed report by Pierre Van Klaveren on bill 974 and the civil contracts of […]

0
December 5, 2019 | Lifestyle & Wellbeing

Results are in on satisfaction survey

Cassandra Tanti

In October and November, nearly 4,000 people responded to a call to give their opinions on the quality of life in the Principality, and it’s no great surprise that traffic and construction noise were tops on the list of complaints. The survey was organised by the National Council and revealed that over 80% of participants […]

0
December 3, 2019 | Lifestyle & Wellbeing

Digital health records soon available in Principality

Stephanie Horsman

Patients in Monaco will soon benefit from having their medical history stored in e-health records. EHRs, as they are otherwise known, are real-time, patient-centered records that make information available instantly and securely to authorised users.  The Government of Monaco and the French Ministry of Solidarity and Health recently met in Paris at the Delegation for European and International […]

0
November 29, 2019 | Lifestyle & Wellbeing

Porcini mushroom features in holiday dessert of 2019

Stephanie Horsman

‘Illusion‘ has been declared the flagship dessert of this year’s holiday season, created exclusively by the Hermitage Hotel’s pastry chefs led by Nicolas Baygourry. A yearly competition, orchestrated by Director of Culinary Events Philippe Joannès, challenges all the pastry chefs under the auspices of the Société des Bains de Mer to offer up their most […]

0