A rare gold wristwatch that once belonged to Egypt's King Farouk was sold by the British auction house Christie's in Dubai for $912,000, Arab News wrote on Sunday.
The name of the buyer remains unknown.
The watch made by Swiss company Patek Philippe was initially expected to be sold at between $400,000 and $800,000 has set a new record among similar lots ever auctioned off in the Middle East.
The watch is made of 18K gold and has the inscription of the Egyptian Kingdom's crest, a chronograph and perpetual calendar.
It is considered one of the rarest models by Patek Philippe with only 281 pieces manufactured back in 1941.
The total sales of the auction exceeded $7 million.
Farouk, the last King of Egypt, reigned in the country from 1936 until 1952.