A watch that was once owned by the last emperor of China's Qing Dynasty, whose life formed the basis of Oscar-winning film 'The Last Emperor', sold for a record HK$48 million (US$6.2 million) at a Hong Kong auction on Tuesday (May 23).

An Asian collector residing in Hong Kong on the phone bought the rare Patek Philippe watch that had belonged to Aisin-Gioro Puyi after six minutes of spirited bidding.

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