26 April 2019


       



Phillips in Association with Bacs & Russo Presents

Hong Kong Watch Auction: EIGHT

 

Led by

 

The Fresh-to-the-Market Patek Philippe Reference 5002G Sky Moon Tourbillon

 

Timepieces by Patek Philippe, Rolex, Vacheron Constantin, Greubel Forsey, and Audemars Piguet Highlight the Sale

 

Public Exhibition: May 23-27 | Auction: 28 May 2019
JW Marriott Hong Kong


 

HONG KONG – 26 April 2019 – Phillips in Association with Bacs & Russo, the global market leader in collectors’ watches, is delighted to unveil highlights from The Hong Kong Watch Auction: EIGHT.  Featuring over 290 lots, the auction will be held at JW Marriott Hong Kong, starting at 12pm on 28 May, 2019. Led by one of the most complicated watches ever made, the Patek Philippe reference 5002G, the spring auction also features unique and rare timepieces from the leading watchmakers, including Patek Philippe, Rolex, Vacheron Constantin, Greubel Forsey, and Audemars Piguet.

 

Thomas Perazzi, Head of Watches, Phillips Asia, comments: “Following a strong and successful year of Hong Kong sales in 2018 at Phillips, which attracted record numbers of online and offline bidders internationally, Phillips is delighted to present the Hong Kong watch spring sale, which comprises an incredible selection of vintage and modern watches. Many of the watches on offer are fresh to the market including the Patek Philippe Sky Moon Tourbillon.”

 

 

 

TOP LOT OF THE SALE

Patek Philippe Reference 5002G

A highly important, impressive and extremely rare white gold double dialed wristwatch with twelve complications including minute repeating, tourbillon, perpetual calendar, retrograde date, sky chart, moon phases, orbit display, sidereal time, leap year indicator with certificate of origin, presentation box, setting pin and hang tag. Circa 2007.

Estimate: HKD 6,200,000 - 12,400,000/ USD 800,000 – 1,600,000

 

In 2001, Patek Philippe released its new millennium grand complication wristwatch, the Sky Moon Tourbillon. This modern masterpiece incorporated innovations from their historic past and inspired by the Star Caliber 2000, a celebration for the new millennium that launched in 2000. It features two dials, one on either side of the watch, and displays 12 complications.

This watch is fresh to the market and is only the second known white gold version to appear in public. Manufactured for important clients, research indicates that more examples in yellow gold and platinum were made, with fewer in pink and white gold. This is a very rare opportunity for a collector to own and cherish a watch that comes from a long and established history.

 

 

OTHER HIGHLIGHTS FROM Hong Kong Watch Auction: EIGHT

Rolex Reference 6541
An early, exceedingly rare and highly attractive anti-magnetic stainless steel wristwatch with black honeycomb dial, flash seconds hand and bracelet. Circa 1958.

Estimate: HKD 2,300,000 - 4,000,000/ USD 295,000-513,000

 

The present example, created in 1958, is one of the earliest reference 6541 produced. The most prominent feature of the watch is its unusual and awe-inspiring seconds hand in the shape of a lightning bolt. Giving the watch an unmistakable appearance, the present watch is fitted with a wondrously beautiful and exceedingly rare black “Honeycomb” dial, with circular hour markers and faceted triangular indexes at 3, 6, and 9 o’clock. Adding another element of collectability, the watch also includes a rotating bezel with a red-colored triangle and a honey comb-patterned dial.

 

 

Patek Philippe Reference 5013R

An extremely attractive and rare pink gold tonneau-shaped minute repeating perpetual calendar wristwatch with black dial and Breguet numerals, retrograde date, moon phase, original certificate, presentation box and Tiffany & Co. outer packaging. Circa 2007.

Estimate: HKD 2,100,000 - 3,000,000/ USD 269,000-385,000

 

While Patek Philippe’s reference 5013 spanned two centuries, first released in 1992 and discontinued in 2010, it has the classic charm and iconic style of early 20th-century watches with a tonneau-shaped case and grand complication movement featuring repeat function combined with perpetual calendar and moon phase. The present example is in excellent overall condition. There are nine known examples of the reference in pink gold with three, including this watch, with black dials.

 

 

Vacheron Constantin Reference 35711

A magnificent, lavish and exceptionally rare white gold with baguette diamond-set bracelet watch with baguette diamond dial. Circa 1990.

Estimate: HKD 1,420,000 - 2,400,000/ USD 182,000-308,000

Vacheron Constantin's Lord Kalla bracelet watch combines Haute Horlogerie and Haute Joaillerie creating a sublime baguette diamond-set wristwatch that appears to be constructed from eye-catching diamonds. The Kalla models, first released in 1979, are part of the larger Metiers d’Art collection and spring from the earlier Kallista wristwatch, which as its name suggested is the “most beautiful.” The present Lord Kalla comprised of 316 diamonds for an approximately weight of 58 carat.

 

 

Greubel Forsey

A superlative and unusual pink gold worldtime and dual-time wristwatch with power reserve indication, tourbillon regulator,

warranty and box. Circa 2013.

Estimate: HKD 1,170,000 - 1,950,000/ USD 150,000-250,000

 

Audemars Piguet Reference 26221

An extremely fine and rare ceramic, carbon, titanium and pink gold flyback laptimer chronograph wristwatch, numbered 24 of a limited edition of 221 pieces. Circa 2015.

Estimate: HKD 780,000 - 1,560,000/ USD 100,000-200,000

 

Patek Philippe Reference 1579

A very attractive and very rare pink gold chronograph wristwatch with spider lugs and tachymeter scale, retailed by Gobbi, Milano. Circa 1956.

Estimate: HKD 1,200,000 - 2,000,000/ USD 150,000-250,000

 

 

Patek Philippe Reference 3448

A very fine, rare and important yellow gold perpetual calendar wristwatch with moonphases, retailed by Gübelin. Circa 1977.

Estimate: HKD 780,000 - 1,180,000/ USD 100,000-151,000

 

Please click here for images of highlights from the Hong Kong Watch Auction: EIGHT
Permission for the use of any image is granted for timely reporting and auction review purposes only. Image courtesy of Phillips / Phillips.com

Phillips Hong Kong Spring Sale 2019
Location: JW Marriott, 88 Queensway, Admiralty, Hong Kong

Date

Auction

26 May

20th Century & Contemporary Art & Design Day Sale: 10am
20th Century and Contemporary Art Evening Sale: 6pm

27 May

Jewels and Jadite: 2:30pm
Phillips & Blackbird: SPORTS: 6:30pm

28 May

The Hong Kong Watch Auction: EIGHT: 12pm


Hong Kong Watch Auction: EIGHT Global Preview Tour

Date

City

27- 28 April
11am-6pm

Singapore
The Ritz-Carlton, Millenia Singapore, Garden Pavilion, 7 Raffles Avenue, Singapore 039799

3-4 May
11am-6pm

Shanghai
Capella Shanghai, Jian Ye Li, 480 West Jianguo Road, Xuhui District, Shanghai 200031, China

9-10 May
10am – 6pm

Geneva

Hôtel La Réserve, 301 Route de Lausanne, Geneva

11-12 May

10am – 4pm

Geneva
Hôtel La Réserve, 301 Route de Lausanne, Geneva

18-19 May
11am-6pm

Taipei
Breeze Exhibition Center3F No. 100 Song Ren Road, Xinyi Dist., Taipei 110

23-27 May
10am-6pm

Hong Kong
JW Marriott, 88 Queensway, Admiralty, Hong Kong

 

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.

 

*Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.

PRESS CONTACTS:             

HONG KONG – Ingrid Hsu, Public Relations Director, Asia           Ingridhsu@phillips.com                                  +852 2318 2043
GENEVA - Asta Ponzo, PR
Consultant                                                     aponzo@phillips.com                                      +41 79 961 85 66

 

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