Phillips
in Association with Bacs & Russo Achieves
The First 100% Sold, White Glove Sale for Phillips in
Asia with the
Phillips & Blackbird: SPORTS Thematic Evening Sale
Realising
HK$73 Million / US$9.3 Million
Sale Total: HK$73,190,000 / US$9,324,406
Hong
Kong, 27 May 2019
|
Lots Sold: 82 | Lots Offered: 82 |
Sold by Lot: 100%
| Sold by Value: 100% |
HONG
KONG – 27 May 2019 – Phillips in Association with Bacs & Russo achieved HK$73
million / US$9.3 million and 100% sell through rates for the highly anticipated
thematic evening sale, Phillips & Blackbird: SPORTS. Phillips was honored
to partner with Blackbird and its founder Mr. TK Mak, and the sale marks the
first ever watch auction co-curated with an Asian collector. A total of 82 exceptional
timepieces encompassing vintage and modern sports watches attracted collectors
from 52 countries across six continents, including 500 online bidders.
The
watches offered included vintage collectors’ watches manufactured by the
world’s most established watchmakers such as Rolex, Patek Philippe, Audemars
Piguet, IWC, Omega, Richard Mille, and a celebrity watch once owned by Bruce
Lee. Particularly strong interest was shown for Rolex sports watches, including
early Submariners, GMT-Masters, and chronograph models such as the Daytona.
Patek Philippe showed continued strength, with an exceptional example of the
iconic Reference 2499 igniting fierce bidding competition.
Thomas Perazzi, Head of
Watches, Asia, and Auctioneer, said: “This
extraordinary White Glove Sale marks an unprecedented moment in the global
market for sports watches. It has been an incredibly exciting and enriching
experience to partner with Blackbird and to witness such a strong and positive
reaction to this pioneering concept. This themed sale attracted bidders from
around the world, with especially spirited participation from the growing
community of Asian collectors, particularly across Mainland China, Hong Kong,
Taiwan, Thailand, Singapore and Japan. In a crowded room, with a vast number of
online, telephone and room bidders, 60% of watches soared above their high
estimates, setting many exceptional prices, and record results for multiple
brands. Phillips continues to be at the forefront of the market for collectors
watches of the finest quality.”
Mr. TK Mak, Founder and
Chairman Blackbird Automotive Group,
said: “It is such an honour for Blackbird to partner with Phillips in Association
with Bacs & Russo on such a hugely successful sale, with 100% of lots sold
and a number of outstanding results. Aided by our careful curation and considered
catalogue presentation, the prices achieved today show how important condition
and historical perspective are to the market for these iconic sports models.
I’m grateful to have been the first Asian based private collector to
collaborate with an auction house and present a thematic sale of this kind, and
it is an honour to have been a part of a sale which will inevitably leave a
lasting memory for the collectors’ community worldwide.”
TOP TEN LOTS
|
Lot |
Description |
Estimate |
Price Achieved |
|
882 |
ROLEX, ‘Big Crown’ Submariner, Ref. 6538 A stainless steel wristwatch with sweep
center seconds, black lacquer “four liner” dial, big crown and big logo
bracelet |
HK$3,200,000
- 6,200,000 |
HK$6,030,000 US$768,222 |
|
869 |
PATEK PHILIPPE, Ref. 2499/100 An exceptionally well-preserved yellow gold
perpetual calendar chronograph wristwatch with moonphases |
HK$3,200,000
- 6,200,000 |
HK$5,070,000 US$645,918 |
|
857 |
ROLEX, “Paul Newman” Daytona, Ref. 6241 A yellow gold chronograph wristwatch with
champagne “Paul Newman” dial |
HK$2,100,000
- 4,000,000 |
HK$3,870,000 US$493,038 |
|
842 |
ROLEX, ‘Jean-Claude Killy’, Ref. 6036 A yellow gold chronograph wristwatch with
triple calendar |
HK$2,000,000 - 4,000,000 |
HK$3,093,750 US$394,144 |
|
844 |
PATEK PHILIPPE, Ref. 1463 A pink gold chronograph wristwatch with
two-tone dial and tachymeter scale |
HK$2,300,000 - 4,000,000 |
HK$3,000,000 US$382,200 |
|
859 |
ROLEX, ‘Pre-Daytona’, Ref. 6234 A stainless steel chronograph wristwatch
with black glossy dial, tachymeter and telemeter scales |
HK$2,000,000
- 4,000,000 |
HK$2,875,000 US$366,275 |
|
881 |
ROLEX, ‘Small Crown’ Submariner, Ref. 5508 A stainless steel wristwatch with center
seconds, no crown guards, and "exclamation mark" black glossy dial |
HK$620,000
- 1,200,000 |
HK$2,687,500 US$342,388 |
|
829 |
ROLEX, GMT-Master, Ref. 6542 A stainless steel dual time wristwatch with
date, sweep center seconds, and Bakelite bezel |
HK$1,000,000
- 1,900,000 |
HK$2,500,000 US$318,500 |
|
865 |
PATEK PHILIPPE, Ref. 5959 A platinum split seconds chronograph wristwatch
with Breguet numerals, and white lacquered dial |
HK$1,250,000
- 1,800,000 |
HK$2,187,500 US$278,688 |
|
812 |
ROLEX, “Paul Newman” Daytona, Ref. 6240 A stainless steel chronograph wristwatch
with black "Paul Newman" dial, and screw-down pushers |
HK$1,100,000 - 2,000,000 |
HK$2,125,000 US$270,725 |
|
864 |
PATEK PHILIPPE, Ref. 1579 A pink gold chronograph wristwatch with “spider”
lugs and tachymeter scale, retailed by Freccero |
HK$780,000 - 1,560,000 |
HK$2,125,000 US$270,725 |
###
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 $108 million in 2018 – its third 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.
ABOUT
BLACKBIRD AUTOMOTIVE GROUP
Blackbird
Automotive Group is a multi-faceted automotive and luxury business entity,
encompassing publishing, branding and creative services, together with
maintenance and restoration of high-end automobiles, as well as logistics,
transportation services, and professional race simulator training, alongside
acting as the exclusive dealer for Ferrari in Hong Kong and Macau.
Visit
www.blackbird-automotive.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 – Ingrid Hsu, PR Director, Asia IngridHsu@phillips.com +852 2318 2043
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
VISIT US AT: www.phillips.com
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