Phillips Perpetual officially opened its Hong Kong boutique to the public with a client event on February 29, 2024, with an exclusive space located on the fifth floor of The Pedder Arcade, a retail concept in the city’s Central district. The Pedder Arcade is a heritage building that has remained one of Hong Kong’s most iconic retail spaces since the 1920s.
The Perpetual concept first debuted at Phillips London on 30 Berkeley Square in 2019. Through ongoing curated programming, private selling exhibitions and an evolving selection of private sales, Phillips Perpetual offers a boutique experience to clients for the selling and buying of watches, both online and in-person. In 2023, Phillips Perpetual saw a substantial 58% increase in total sales from the previous year. Over four years, Perpetual has sold over 500 timepieces to collectors globally.
Phillips Perpetual offers a boutique experience to clients for both the selling and buying of watches, open all year long. A new selection of fine watches is available for private sale, encompassing important timepieces from established and independent brands including Patek Philippe, Audemars Piguet, F.P, Journe, and De Bethune.
Highlights from the boutique’s grand opening include a collection of Patek Philippe Grand Complications, an Audemars Piguet Concept Flying Tourbillon “Rainbow”, an A. Lange & Söhne’s Lange 1 Tourbillon in honey gold, and a Vacheron Constantin Overseas Perpetual Calendar Ultra-Thin in pink gold.
James Marks, International Head of Perpetual, Phillips Watches, said, “Since its inception in London in 2019, Phillips Perpetual has doubled its revenue year on year, harnessing the market leading expertise of our specialist team that offer collectors the finest curated offering of outstanding watches. Perpetual has always been at the forefront of innovation; we were the first auction house to offer dedicated “bricks and mortar” boutiques for watches and the first department within Phillips to offer our clients e-commerce. We are extremely proud and honoured to be opening our doors in Hong Kong, a new chapter in our journey and we look forward to welcoming clients from across Asia to the Pedder Building.”
Thomas Perazzi, Head of Watches, Asia, Phillips, said, “Phillips Perpetual will enable us to offer unique collector experiences, increasing accessibility to high quality watches in Hong Kong, and deliver first class service all year round. We welcome seasoned watch connoisseurs and newcomers alike to view all currently available watches by stopping in at our boutique at The Pedder Arcade in the Pedder Building.”
Phillips’ team of dedicated specialists will curate the Perpetual offering in Hong Kong with meticulous attention to detail, ensuring that each piece is a testament to the platform's commitment to quality and distinction. Phillips Perpetual Hong Kong will continue to expand its online presence, with future plans for integrating "Buy Now" capabilities, adding a new dimension of convenience for direct online purchases.
Visit Phillips Perpetual Hong Kong
503, 5th Floor, 12 Pedder St, Central (map)
Monday through Friday, 11AM – 7PM
Contact & Consignment Enquiries
Perpetual Hong Kong, PerpetualHK@phillips.com
Follow Phillips Perpetual:
https://www.phillips.com/store/perpetual
https://www.instagram.com/phillipsperpetual
