HK$110.3 Million During The Hong Kong Watch
Auction: SEVEN
Concluding
the Annual Total of Watch Auctions in Asia with a
Total
of HK$235 Million / US$30 Million
Sale Total: HK$110,320,000
/ US$14,098,896
Hong Kong, 27 November 2018
|
Lots Sold: 241 | Lots Offered: 259 |
Sold by Lot: 93% |
Sold by Value: 89% |
HONG KONG – 27
November 2018 – Phillips, in Association with Bacs & Russo, achieved HK$110.3
million / US$14 million during The Hong Kong Watch Auction: SEVEN – remaining
the number one destination for collectors worldwide by bringing the combined
total achieved thus far this fall to US$35.3 million, which includes our recent
auction in Geneva. In this tightly curated sale, a total of 241 collectible
timepieces of the highest quality attracted collectors from 50 countries across
six continents, including a record number of over 510 online bidders. Particularly
strong results were achieved for vintage wristwatches, and antique pocket
watches such as the Patek Philippe pocket watch with tourbillon, recipient of
the first class prize at the Geneva 1929 Observatory timing competition.
Thomas
Perazzi, Head of Watches, Asia, and Auctioneer, said:
“As Phillips continues to expand its presence in Asia and offer best-in-class
quality, service and passionate scholarship to collectors in the region, this
season we saw astonish international participation, with collectors bidding
from across six continents, resulting in extraordinary results across the board.
The community of watch collectors in Asia showed particularly fierce
competition for vintage wristwatches, demonstrating a growing interest in this
field. In a crowded room, with an unprecedented number of online, telephone and
room bidders, numerous watches soared above their high estimates, setting many exceptional
prices.”
Aurel
Bacs, Senior Consultant and Auctioneer,
said: “Following our blockbuster sales in Geneva, the Hong Kong Watch Auction: SEVEN
achieved an impressive HK$110.3 million / US$14 million. The three top lots beautifully
demonstrate how varied the market is, and how well Phillips responds to such a
market – with the antique Patek Philippe pocket watch tripling its estimate,
modern limited wristwatches by Patek Philippe igniting fierce competition, and
the fresh to market Paul Newman Ref. 6241 flying way above its pre-sale low
estimate. In this passionate and international marketplace, collectors reacted
enthusiastically, resulting in an outstanding sold rate of 93% by lot. We are
now very much looking forward to our December 5th New York auction entitled
‘STYLED. Timeless Watches & How to Wear Them’, a unique and groundbreaking
partnership with Mr Porter and The Rake.”
TOP
TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
876 |
ROLEX, Ref. 6241 “John Player Special” A yellow gold chronograph wristwatch with
black "Paul Newman" dial displaying contrasting gold registers |
HK$3,900,000
- 7,800,000 |
HK$6,100,000 US$779,580 |
|
888 |
PATEK PHILIPPE, Ref. 5004A-001 A stainless steel perpetual calendar split
seconds chronograph wristwatch with moon phases |
HK$3,200,000
- 5,000,000 |
HK$4,300,000 US$549,540 |
|
840 |
PATEK PHILIPPE A yellow gold open face one-minute
tourbillon “Extra” pocket chronometer, with James C. Pellaton tourbillon
carriage, recipient of the first class prize at the Geneva 1929 Observatory
timing competition |
HK$1,000,000
- 1,500,000 |
HK$3,280,000 US$419,184 |
|
1049 |
PATEK PHILIPPE, Ref. 5020P A platinum perpetual calendar chronograph
wristwatch with moon phases, and additional silvered dial with Breguet
numerals |
HK$1,800,000
- 4,000,000 |
HK$3,280,000 US$419,184 |
|
834 |
PATEK PHILIPPE, Ref. 3448 A white gold perpetual calendar wristwatch
with moon phases and inverted date numerals |
HK$1,600,000 - 3,200,000 |
HK$3,220,000 US$411,516 |
|
1059 |
PATEK PHILIPPE, Ref. 1518 A yellow gold perpetual calendar
chronograph with moonphases |
HK$1,600,000 - 3,200,000 |
HK$3,100,000 US$396,180 |
|
1022 |
PATEK PHILIPPE, Ref. 5004J-027 A yellow gold perpetual calendar split
seconds chronograph wristwatch with moon phases, and special luminous
monogram dial |
HK$2,500,000
- 4,000,000 |
HK$2,920,000 US$373,176 |
|
871 |
PATEK PHILIPPE, Ref. 130 A stainless steel chronograph wristwatch
with two tone silvered sector dial, and bracelet |
HK$2,000,000
- 4,000,000 |
HK$2,740,000 US$350,172 |
|
919 |
PATEK PHILIPPE, Ref. 5079J-001 A yellow gold “Cathedral” minute repeating
wristwatch with enamel dial |
HK$2,000,000
- 4,000,000 |
HK$2,620,000 US$334,836 |
|
844 |
PATEK PHILIPPE, Ref. 1463 A yellow gold chronograph wristwatch with
Breguet numerals |
HK$1,200,000
- 2,350,000 |
HK$2,250,000 US$287,550 |
ABOUT
PHILLIPS IN ASSOCIATION WITH BACS & RUSSO
The team of specialists at Phillips Watches is dedicated
to an uncompromised approach to quality, transparency, and client service,
achieving a sale total of $112 million in 2017 – its second consecutive year as
the worldwide market leader in watch auctions.
A
selection of our recent record-breaking prices:
1
Paul Newman’s Rolex “Paul
Newman” Daytona reference 6239 (CHF 17,709,894/US$17,752,500) – New York
Auction: Winning Icons – 26 October 2017 – Highest result ever achieved for
any wristwatch at auction.
2
Patek Philippe reference
1518 in stainless steel (CHF 11,020,000 /US$11,112,020) – Geneva Watch Auction:
FOUR – 12 November 2016 – Highest result ever achieved for a Patek Philippe
wristwatch at auction.
ABOUT PHILLIPS
Phillips is a leading global platform for buying and
selling 20th and 21st century art and design. With dedicated expertise in the
areas of 20th Century and Contemporary Art, Design, Photographs, Editions,
Watches, and Jewelry, Phillips offers professional services and advice on all
aspects of collecting. Auctions and exhibitions are held at salerooms in New
York, London, Geneva, and Hong Kong, while clients are further served through
representative offices based throughout Europe, the United States and Asia.
Phillips also offers an online auction platform accessible anywhere in the
world. In addition to providing selling
and buying opportunities through auction, Phillips brokers private sales and
offers assistance with appraisals, valuations, and other financial services.
Visit www.phillips.com for
further information.
*Estimates
do not include buyer’s premium. Prices Achieved include the buyer's premium and
are reported net of applicable fees.
Phillips
is not responsible for typographical errors or omissions.
PRESS
CONTACTS:
HONG
KONG - Rhonda Yung, PR Consultant,
Asia RhondaYung@phillips.com +852
9800 2629
LONDON
- Katie Carder, Head of Press,
Europe
kcarder@phillips.com +44 20 7901 7938
PHILLIPS
HONG KONG
- 14/F St. George’s Building, 2 Ice House Street, Central Hong Kong
PHILLIPS
NEW YORK
- 450 Park Avenue, New York, NY 10022
PHILLIPS
LONDON
- 30 Berkeley Square, London, W1J 6EX
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