Dubai, during an auction in United Arab Emirates, a precious watch was sold for Rs.100 million. The report shows that this unique and rare watch was the ownership of the ex king of Egypt, King Farooq and it was auctioned for 3.3 million Dirham. This watch has become the most precious watch of the world in the history of Middle East after selling at such high rate. The amount has become Rs.10 cropre 37 lac and 45 thousand in Pakistani currency.
This is gold made watch and the leading watch manufacturing company, Swiss has prepared this watch especially for king Farooq. He was fond of keeping expensive watch and luxury vehicles. A conflict regarding ownership of the watch was also surfaced these days in which the royal family claims the stealing of the watch but the management of auction rejected this claim.
The name of this watch has not been revealed yet and they said that the buyers from all over the world including Dubai participated in the auction of this expensive watch.