One of the rarest watches of all time fetches whopping sum at auction

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10 Staggering Auction Records

If you're looking to own a piece of horological history, then it's going to cost you. The latest example of this is a stunning Patek Philippe watch, reference No. 2499, that sold for $2.5 million at an auction in Hong Kong on May 31.

After 30 minutes of frantic bidding, an unknown bidder walked away with the watch to the sound of applause from the crowd.

This possibly unique #PatekPhilippe Ref #2499 just sold in our #HongKong Watch Auction: TWO sale for US $2,538,430.

A photo posted by Phillips Watches (@phillipswatches) on

Called "one of the most sought-after vintage wristwatches of all time" by the auction house Phillips, the timepiece has a stunning design. Only 349 examples of the 2499 were made, starting in 1951 and ending in 1988.

This watch is one of only six known models to be cased in pink gold, which is completely unpolished and unmarred. This particular example was made in 1968 and is the second-oldest of those six.

See photos of the record-breaking pink diamond recently sold for $31.5M:

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Rare pink diamond sold at Sotheby's auction
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One of the rarest watches of all time fetches whopping sum at auction
An assistant poses with a 15.38 carat vivid pink diamond at Sotheby's auction house in London, Britain April 7, 2016. REUTERS/Neil Hall
An assistant poses with a 15.38 carat vivid pink diamond at Sotheby's auction house in London, Britain April 7, 2016. REUTERS/Neil Hall
A model poses with "The Unique Pink" diamond mounted during a preview at Sotheby's auction house in Geneva, Switzerland May 9, 2016. The supremely rare and exceptional Fancy Vivid Pink diamond, weighting 15.38 carats, is estimated to sell for US $ 28 to 38 million, when auctioned during the Magnificent Jewels and Noble Jewels auction in Geneva on May 17. REUTERS/Denis Balibouse
A model poses with the "Unique Pink", a 15.38 carats vivid pink diamond, at Sotheby's auction house in Geneva, Switzerland May 9, 2016. REUTERS/Denis Balibouse/File Photo
A model poses with "The Unique Pink" diamond mounted during a preview at Sotheby's auction house in Geneva, Switzerland May 9, 2016. The supremely rare and exceptional Fancy Vivid Pink diamond, weighting 15.38 carats, is estimated to sell for US $ 28 to 38 million, when auctioned during the Magnificent Jewels and Noble Jewels auction in Geneva on May 17. REUTERS/Denis Balibouse
A model poses with "The Unique Pink" diamond mounted during a preview at Sotheby's auction house in Geneva, Switzerland May 9, 2016. The supremely rare and exceptional Fancy Vivid Pink diamond, weighting 15.38 carats, is estimated to sell for US $ 28 to 38 million, when auctioned during the Magnificent Jewels and Noble Jewels auction in Geneva on May 17. REUTERS/Denis Balibouse
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The dial is a hard enamel, and it's ivory in color because of the watch's age. Phillips calls it "possibly unique" because of its "flat" dial, which is missing the semi-circle indentation to complete the moon-phase complication.

No other watch of this exact model has a dial like this one, and this detail likely had a lot to do with the final auction price.

This particular example hasn't been seen on the auction block in 13 years, when it sold for close to 1 million Swiss francs.

RELATED: Check out the most expensive desserts in the world:

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The most expensive desserts in the world
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One of the rarest watches of all time fetches whopping sum at auction

What: Krispy Kreme Luxe Doughnut

Where: Krispy Kreme, Selfridge's (Oxford Street location, London, United Kingdom)

How much: $1,450

Special features: Edible diamonds and 24-carat gold leaves, gold-dusted chocolate flower, served on top of a cocktail that features 500-year-old Courvoisier de L’Esprit Cognac and 2002 Dom Pérignon.

Photo credit: Facebook

What: Fortress Stilt Fisherman Indulgence Dessert

Where: The Fortress Resort & Spa (Koggala, Sri Lanka)

How much: $14,500

Special features: Made with a gold leaf Italian cassata and Irish cream served over Dom Perignon alongside a hand-carved chocolate statue of a fisherman and an 80-karat aquamarine stone

Photo credit: Instagram 

What: Chocolate Pudding

Where: Lindeth Howe Country House Hotel (Windermere, United Kingdom)

How much: $35,000

Special features: Infused with champagne jelly, covered in edible gold leaf, handcrafted edible flowers, caviar and a 2-karat white diamond

Photo credit: Facebook

What: Golden Opulence Sundae

Where: Serendipity 3 (New York, NY)

How much: $1,000

Special features: Wrapped in edible gold leaf and the extremely rare Venezuelan Chuao chocolate, served in a Baccarat Harcourt crystal goblet

Photo credit: Getty

What: Three Twins Ice Cream "World's Most Expensive Ice Cream Sundae"

Where: Three Twins Ice Cream (San Francisco, CA)

How much: $3,333.33

Special features: Covered in syrups made from a vintage port, a Chateau D’Yquem and a German Trockenbeerenauslese, served with a 19th Century collectors spoon.

Photo credit: Facebook

What: Strawberries Arnaud

Where: Arnaud's Restaurant (New Orleans, LA)

How much: $3,900,000

Special features: Strawberries marinated in vintage port, served with a 7.09-karat pink diamond

Photo credit: Facebook

What: Platinum Cake

Where: Custom made by pastry chef Nobue Ikara (Japan)

How much: $130,000

Special features: Frosted white cake draped in platinum necklaces, pendants, chains and edible platinum flakes

Photo credit: Getty

What: Frrrozen Haute Chocolate

Where: Serendipity 3 (New York, NY)

How much: $25,000

Claim to fame: Infused with five grams of 24-karat gold, topped with a La Madeline au Truffle that's flowin in from France, served with an 18-karat gold bracelet bedazzled with 1-carat of white diamonds and a golden spoon

Photo credit: Getty

What: Golden Phoenix Cupcake

Where: Bloomsburys Cupcakes (Dubai)

How much: $1,000

Special features: Served on a Villari 24-carat gold empire cake stand, covered in 23-carat edible gold sheets and edible gold dust

Photo credit: Instagram

What: Golden Cannoli

Where: Jasper's Restaurant (Kansas City, MO)

How much: $26,000

Special features: Edible gold leaf shell, served with a diamond necklace

Photo credit: Facebook

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