Bonhams' December 18 auction of Fine Watches and Wristwatches in London has seen a new auction record set by a George Daniels Millennium watch.

Daniels was one of the only watchmakers to design and make his watches from scratch

The watch is now the most valuable Millennium model ever sold at auction after making £157,250 ($255,689). One of only seven made in white gold in 2000, the spectacular timepiece more than doubled its presale estimate.

George Daniels was a world-renowned horologist, noted as one of the few modern watchmakers who could design and make an entire watch from scratch by hand. Since his death in 2011, the Briton's extraordinary collection of watches has been setting records across the auction world: his Space Traveller's Watch set three new records at Sotheby's in November.

The watch at auction featured Daniels' famed co-axial escapement with a silver guilloche turned dial which had been signed "Daniels, London". Its 18ct white gold case accentuated by a black leather strap and 18ct white gold buckle.

It was sold complete with original receipts and a signed copy of the George Daniels Retrospective Exhibition catalogue from 2006; a similar watch is illustrated within its pages.

Sharing the title of top lot was a very fine and rare manual wind Patek Philippe ref 5004. Made from 18ct gold with a perpetual calendar, spilt seconds chronograph and Moon phases, the watch is one of just 12 5004s produced each year by the Swiss brand.

Paul Fraser Collectibles is currently offering a classic Longines Olympic Series men's watch, which would make the perfect Christmas gift. See more of our fantastic Christmas gifts for sale.