George Daniels wristwatch sets new auction record at $246,000

A rare 18ct yellow gold wristwatch from master horologist George Daniels has seen a new record sum at Bonhams.

George Daniels wristwatch
George Daniels' watches are among the rarest and most sought after on the market

The watch is now the most valuable example of Daniels' hand-crafted timepieces, selling for £146,500 ($245,701) in the June 11 auction in London.

Daniels (1926-2011) was one of the finest horologists in the world, and one of only a few modern watchmakers who could build a complete watch by hand.

He is well-loved by the watch collecting world, having created the co-axial escapement, a movement that is used in many of today's watches.

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