26 November 2019

 

Phillips’ Hong Kong Watch Auction NINE Realises

HK$ 147 Million / US$ 18.8 Million

Marking a 33% Increase from the Previous Year and

Bringing the Annual Total for Watch Sales in Asia in 2019 to a

Record High of HK$ 330 Million

 

 

Sale Total: HK$ 146,898,125 / US$ 18,773,580

Hong Kong, 25-26 November 2019

Lots Sold: 305 | Lots Offered: 321

Sold by Lot: 95% | Sold by Value: 98%

 

 

 

 

HONG KONG – 26 November 2019 – Phillips in Association with Bacs & Russo achieves HK$147Million / US$18.8 Million during The Hong Kong Watch Auction: NINE. This marks an 33% increase from the previous year – reaffirming Phillips as the number one destination for passionate collectors in Asia. A total of 321 timepieces of the highest quality attracted collectors from 55 countries across 6 continents, including a record number of 880 online bidders. Exceptional results were achieved for Patek Philippe, with the reference 5002G-010 setting a world record price for a reference 5002, selling for HK$18,150,000 / US$2,319,570. Other notable records including Rolex reference 6238, Patek Philippe reference 770 and 5976.

 

Thomas Perazzi, Head of Watches, Asia, and Auctioneer, said: “The Phillips Watch department is proud to have delivered a triumphant season in Hong Kong. The exceptional high sold rate of 98% by value is a testimony to how carefully the Phillips Watch department curated this season’s sale in Hong Kong. As we continue to bring timepieces of the finest quality to the Asian marketplace, we were especially pleased to welcome more than a thousand participants, with close to 900 online bidders, showing the market is vibrant and determined to compete for the finest timepieces available. With HK$330 million, our Watch department in Asia celebrates its highest annual total ever and this November sale of over HK$146 million marks a 33% increase from last year.”

 

Aurel Bacs, Senior Consultant and Auctioneer, said: “Following our blockbuster sales in Geneva, the Hong Kong Watch Auction: NINE achieved an impressive result. Within the top 10, there are several world records for different references by both Patek Philippe and Rolex, showing the diversity of the market and the determination of the international watch community to compete for the finest timepieces. In addition, today we have celebrated two world records for Patek Philippe Nautilus references, a great tribute to the late Gérald Genta, and that has been further reinforced by a unique and rare platinum Gerald Genta (Lot 1002) achieving seven times its pre-sale high estimate, showing how much collectors appreciate his work. We are very much looking forward to the Game Changers sale on 10 December in New York.”  

 

TOP TEN LOTS

Lot

Description

Estimate

Price Achieved

845

PATEK PHILIPPE, Sky Moon Tourbillon, Ref. 5002G-010

A white gold double-dialed astronomical wristwatch with special dial with red Roman hour markers, cathedral minute repeater, tourbillon regulator, perpetual calendar with retrograde date hand, leap year cycle, moon age, sky chart, sidereal time, meridian passage of Sirius, moonphases and moon orbit

World Auction Record for any reference 5002

HK$6,200,000 - 11,000,000

HK$18,150,000

US$2,319,570

956

PATEK PHILIPPE, Ref. 5208P-001

A platinum minute repeating single-button chronograph wristwatch with instantaneous perpetual calendar, moon phases, and leap year indication

HK$4,000,000 - 6,000,000

HK$5,790,000

US$739,962

906

906, ROLEX, “Pre-Daytona”, Ref. 6238

A 14k yellow gold chronograph wristwatch with black “glossy” dial

World Auction Record for any reference 6238

HK$3,200,000 - 5,000,000

HK$4,110,000

US$525,258

1061

PATEK PHILIPPE, Ref. 5216P-001

A platinum perpetual calendar minute repeating wristwatch with tourbillon regulator, retrograde date, moonphases, and black lacquered dial

HK$2,200,000 - 4,000,000

HK$3,930,000

US$502,254

853

ROLEX, “Paul Newman” Cosmograph Daytona, Ref. 6265, inside caseback stamped 6262

A stainless steel chronograph wristwatch with “Paul Newman” dial, and “tropical” outer minute track

HK$2,200,000 - 4,000,000

HK$3,250,000

US$415,350

899

ROLEX, “Big Crown” Submariner, Ref. 6538

A stainless steel wristwatch with black lacquer “four liner" dial, big crown, bracelet

HK$2,800,000 - 5,000,000

HK$3,000,000

US$383,400

835

PATEK PHILIPPE, Ref. 770/3

A yellow gold openface miniature pocket watch with enamelled “Bouquet of Flowers” signed by Suzanne Rohr, retailed by Gubelin 

World Auction Record for any reference 770

HK$960,000 - 1,920,000

HK$2,875,000

US$367,425

844

PATEK PHILIPPE, Ref. 5275P-001

A limited edition platinum chiming wristwatch with jump second and minute, digital jump hour, engraved dial and case, Certificate of Origin and presentation box, made for the 175th anniversary of Patek Philippe

HK$2,300,000 - 3,800,000

HK$2,875,000

US$367,425

822

PATEK PHILIPPE, Ref. 5976/1G-001

A limited edition white gold chronograph wristwatch with baguette diamond-set indexes, date, bracelet, made to commemorate the 40th Anniversary of the Patek Philippe Nautilus

World Auction Record for any reference 5976

HK$1,000,000 - 1,500,000

HK$2,500,000

US$319,500

911

PATEK PHILIPPE, Nautilus “Jumbo”, Ref. 3700/1

A stainless steel automatic wristwatch with "tropical" bronze dial, date and bracelet

World Auction Record for any reference 3700 in steel

HK$550,000 - 1,090,000

HK$2,500,000

US$319,500

 

Please click here for images of the Top Ten lots, along with saleroom photographs.

 

Permission for the use of any image is granted by the holder of the intellectual property rights for timely reporting and auction review purposes only. The underlying intellectual property rights in any property depicted remain the property of the rights holder. Phillips does not make any representations with respect to or accept any responsibility for any third party uses.

Image courtesy of Phillips.

 

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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.

 

*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

GENEVA - Asta Ponzo, PR Consultant                                     aponzo@phillips.com                                   +41 79 961 85 66

 

 

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