27 May 2019




       

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

 

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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

 

 

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