Gold watch sells for record $6.31 million

An auction house says a Patek Philippe gold wristwatch sold for a record price of $US5.7 million ($6.31 million) at a Swiss auction.

Christie's said on Tuesday it was the highest price ever for a watch from the auction house and a record price for any yellow gold wristwatch ever sold at auction. The 1943 piece was bought by a private Swiss museum. Christie's declined to identify the museum.

The watch features a perpetual calendar chronograph with moon phases.         AP