Phillips
in Association with Bacs & Russo Launches
PHILLIPS
PERPETUAL
A
New Platform that Combines Private Selling Exhibitions, Innovative
Partnerships, and a Boutique Experience
LONDON
– 2 MAY 2019 – Phillips in Association with Bacs & Russo launches PHILLIPS PERPETUAL,
a first of its kind platform that will launch at Phillips London on 30 Berkeley Square in July, presenting the finest
collectors’ timepieces in custom-built surroundings. The concept will then be
extended to Phillips New York and Hong Kong, and other locations. Through
ongoing curated programming, private selling exhibitions, and innovative
partnerships, coupled with an evolving selection of private sales, PHILLIPS PERPETUAL
will offer a boutique experience to clients for both the selling and buying of
watches. PHILLIPS PERPETUAL will also serve as a UK home to the award-winning
Swiss watchmaker Singer Reimagined.
The announcement follows two highly successful selling
exhibitions in London recently, which achieved $1 million in private sales, led
by an exceptionally rare Philippe Dufour Simplicity, 37mm, rose gold with white
lacquered dial. The most recent exhibition, Well Suited, combined the world’s finest independent watchmakers
with a showcase of tailoring excellence from British luxury menswear brand Thom
Sweeney, and exemplifies the type of collaborations that will continue under the
PHILLIPS PERPETUAL brand.
Edward
Dolman, Chief Executive Officer of Phillips, said, “Under the leadership of Aurel Bacs and Livia
Russo, Phillips Watches has celebrated one success after another on its way to
capturing a market leadership position in its four short years of existence. I
am certain PHILLIPS PERPETUAL will once again change the dynamics of the market
with a unique selling proposition catering to the world’s most discerning
collectors.”
Aurel Bacs and Livia Russo,
said: “We are incredibly excited that we are expanding into the next phase of
growing our market leading watch sales at Phillips. PHILLIPS PERPETUAL will enable us to offer unique
collector experiences year round, increasing accessibility to auction quality
watches, and to deliver first class service 365 days of the year. This new
initiative will create cross-marketing opportunities which will help to engage
with clients across all of Phillips collecting categories.”
James Marks, Phillips’ International Specialist and Director,
Watches, said, “PHILLIPS PERPETUAL will complement the core business, educating and enhancing
clients who have not traditionally used auction as a consignment or purchasing
tool. We see this as the future for a number of our global locations, as a way
of ensuring that we engage with our ever expanding client base 365 days of the
year. We are delighted to be partnering with an award-winning and
forward-thinking watch brand such as Singer Reimagined, following our
successful collaboration in 2018.”
The collection of chronographs by Singer Reimagined
will be on permanent display within the gallery, following the confirmation of
the Track 1 as winner of the Chronograph category at the Grand Prix
d’Horlogerie de Genève awards in November 2018.
Marco
Borraccino, Managing Director, Singer Reimagined, said, “Singer has been guided for the last decade
by the philosophy Everything is Important. For us, every detail is worthy of
consideration in pursuit of perfection. Following our successful collaboration
in 2018 we know that the opportunity to partner with PHILLIPS PERPETUAL to
present our watches is beautifully aligned with that philosophy.
###
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.
ABOUT
SINGER REIMAGINED AND SINGER VEHICLE DESIGN
Singer Reimagined is based in Geneva,
Switzerland and was formed to explore and redefine the most iconic
high-watchmaking complications. Its first collection, the Track 1, representing
a profound re-engineering of the chronograph, was recognised as the winner of
the Chronograph category at the 2018 GPHG awards with the Hong-Kong Edition
wristwatch.
Singer Reimagined is the sister company to
Singer Vehicle Design, based in Los Angeles, California and created a decade
ago to pursue the creative possibilities within the vibrant world of iconic
automobiles. Singer Vehicle Design’s restorations, each to individual
commission, are presented with the world’s finest collectors’ cars at events
including Pebble Beach and Goodwood Festival of Speed.
Both companies fuse iconic design with
cutting-edge material science in pursuit of mechanical art.
PRESS CONTACTS:
NEW YORK - Michael Sherman, Chief Communications Officer msherman@phillips.com +1 212 940 1384
LONDON - Katie Carder, Head of Press, Europe kcarder@phillips.com +44 20 7901 7938
PHILLIPS NEW YORK - 450
Park Avenue, New York, NY 10022
PHILLIPS LONDON - 30 Berkeley Square, London,
W1J 6EX
PHILLIPS HONG KONG - 14/F
St. George’s Building, 2 Ice House Street, Central Hong Kong
PHILLIPS GENEVA - 7, rue de la Confédération - 1204 Geneva
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