Press | Phillips

07 November 2022

Phillips in Association with Bacs & Russo Achieves CHF 45 Million for The Geneva Watch Auction: XVI with a White Glove Sale

Phillips in Association with Bacs & Russo Achieves

CHF 45 Million for The Geneva Watch Auction: XVI with a White Glove Sale

 

The Result Concludes a Ground-Breaking 2022 for Geneva, with all Auctions Selling 100% of Lots Offered, and a Market Leading Annual Sale Total of Almost CHF 112,000,000, as Phillips Continues to its Market Leadership in Geneva

 

A Game Changing Weekend for Independent Watchmaking, the Sale was Led by the Exceptionally Rare George Daniels Spring Case Tourbillon, Selling for CHF 4,083,500

 

World Auction Record Set for any A. Lange & Söhne Timepiece with the Unique 1815 Chronograph “Hampton Court Edition” Selling for

CHF 1,058,500, with Proceeds Going to The Prince’s Trust

 

Remarkable Results were Achieved for Traditional Historic Brands such as Patek Philippe, Rolex, Vacheron Constantin and Audemars Piguet

 

A Frenzy of Bidding Led to Dozens of World Records over the Weekend with 1,850 Collectors Competing from Across 75 Countries

 

 

Aurel Bacs auctioneering lot 27 in the Geneva Watch Auction: XVI, selling for CHF 4,083,500

 

The Geneva Watch Auction: XVI

TOTAL: CHF 44,979,370 / $45,073,827 / €45,249,246

 

Lots sold: 226 | Lots offered: 226                                                                      Sold by lot: 100% | Sold by value: 100%

 

GENEVA – 6 NOVEMBER 2022 – Phillips in Association with Bacs & Russo achieves a white glove sale, selling 100% of the lots offered in The Geneva Watch Auction: XVI, resulting in a grand total of CHF 44,979,370 / $45,073,827 / €45,249,246, more than doubling the pre-sale estimate of CHF 19.9 to 37.5 million. Held over two days on 5 and 6 November, the global watch community participated from across 75 countries, with more than 300 collectors contributing in person to the electric energy in the saleroom at La Réserve Hotel, alongside 1,650 bidders competing online. A total number of 226 exceptional watches of the highest quality were offered and sold.

 

The star lot was the unique Spring Case Tourbillon in yellow gold by George Daniels, the founding father of independent watchmaking. After an intense three-minute bidding war, the watch soared above its pre-sale estimate of CHF 1 million, eventually selling to a bidder in the room for CHF 4,083,500. This marks the highest price ever achieved for a wristwatch by a British maker but also the second highest price achieved by an independent watchmaker – a true milestone in the market. Daniels only made two unique wristwatches for his own personal use; one of these being this exact novel double-dialled spring case watch with one-minute tourbillon and calendar, completed in 1992.

 

The momentum for George Daniels continued, with the highly anticipated yellow gold Anniversary limited to 35 pieces selling for CHF 693,000 / USD 694,455, and the superb yellow gold Millennium limited to 48 pieces selling for CHF 828,600.

 

Another star lot of the sale was the unique A. Lange & Söhne 1815 Chronograph “Hampton Court Edition”. The energy in the saleroom was electrified as a nine-minute bidding war took the watch to new heights, achieving CHF 1,058,500 and a world auction record for any A. Lange & Söhne watch at auction. The proceeds are going to The Prince’s Trust, including buyer’s premium.

 

Fetching a world auction record for the model was the exceptional Philippe Dufour Simplicity in white gold, which eventually sold for CHF 1,022,200. With a case/dial configuration that has never been seen on the market before, this wristwatch is a grail for any heeled watch collector, bearing slate grey dial, full pink gold Breguet numerals and pink gold hands.

 

For many years, Phillips has been a proponent of independent watchmaking and, once again, offered a wide selection of rare, hard-to-find creations from these incredible artisans. Numerous impressive results were achieved for prestigious independent makers such as F.P. Journe, Kari Voutilainen, Vianney Halter, Christian Klings, MB&F, Urwerk, and prototypes from Grönefeld and De Bethune.

 

A unique Zenith x Voutilainen x Phillips caliber 135-O wristwatch sold for CHF 315,000 with full proceeds going to charity.

 

Alexandre Ghotbi, Head of Watches, Continental Europe and Middle East and Tiffany To, Watch Specialist and Head of Sale, commented: The Geneva Watch Auction: XVI celebrated not only the pinnacle of independent watchmaking, with the incredible results achieved by the trio of George Daniels wristwatches, let by the Spring Case Tourbillon selling for more than CHF 4 million, but also attested of the incredible appetite of the watch community for rare, high quality collectible vintage and contemporary pieces that reflect horological history. Speaking of history, the Geneva Watch Auction: XVI is, from our perception, but also from what we know of the more extended watch community: the sale with the most variety in terms of brands, styles, complications, designs and relevance. A true milestone for the industry.”

 

TOP TEN LOTS OF THE GENEVA WATCH AUCTION: XVI

Lot

Description

Estimate

Price Achieved

27

GEORGE DANIELS, Spring Case Tourbillon

A unique, historically important double sided yellow gold wristwatch with power reserve, day and date

WORLD RECORD FOR A WRISTWATCH BY A BRITISH WATCHMAKER

In Excess of CHF1,000,000

CHF 4,083,500

$4,092,075

€4,108,001

153

PATEK PHILIPPE, Ref. 1518

A highly important pink gold perpetual calendar chronograph wristwatch with moonphases

CHF 800,000 - 1,600,000

CHF 1,240,000

$1,242,604

€1,247,440

20

PATEK PHILIPPE, Ref. 2499

A yellow gold perpetual calendar chronograph wristwatch with moonphases and glossy black dial with gilt graphics. The only example known with Extract-confirmed black dial

CHF 400,000 - 800,000

CHF 1,179,500

$1,181,977

€1,186,577

209

A. LANGE & SÖHNE, Ref. 414.047, 1815 Chronograph “Hampton Court Edition”

A unique white gold flyback chronograph with hinged caseback with 100% of proceeds going to The Prince’s Trust

WORLD RECORD FOR ANY A. LANGE & SÖHNE

CHF 100,000 - 200,000

CHF 1,058,500

$1,060,723

€1,064,851

232

PHILIPPE DUFOUR, Simplicity

An extremely rare and fine white gold wristwatch with guilloché dial, Breguet numerals, original certificate and presentation box

WORLD RECORD FOR THE REFERENCE

CHF 350,000 - 700,000

CHF 1,022,200

$1,024,347

€1,028,333

214

PATEK PHILIPPE, Ref. 3974

A so far unique, early, extremely important pink gold minute repeating wristwatch with perpetual calendar, moonphases, 24-hour indication, anthracite dial, Breguet numerals and Hagmann case

CHF 300,000 - 600,000

CHF 961,700

$963,720

€967,470

113

PATEK PHILIPPE, Ref. 530, “Monochrome Pink”

An extremely rare and well-preserved pink gold oversize chronograph wristwatch with pink dial, the only example known in this configuration

CHF 300,000 - 600,000

CHF 901,200

$903,093

€906,607

19

PATEK PHILIPPE, Ref. 5070G-014

An important and rare white gold chronograph wristwatch with Salmon dial, certificate of origin and presentation box

WORLD RECORD FOR THE REFERENCE

CHF 200,000 - 400,000

CHF 852,800

$854,591

€857,917

141

GEORGE DANIELS, Millenium

A yellow gold wristwatch with Co-axial escapement, date, correspondence from George Daniels and presentation box, part of a limited edition of 48 pieces

WORLD RECORD FOR THE REFERENCE

CHF 250,000 - 500,000

CHF 828,600

$830,340

€833,572

161

ROLEX, Ref. 6264

An extraordinarily rare yellow gold chronograph wristwatch with “Paul Newman Lemon” dial, brown “tropical” subsidiary registers and outer track and service papers

CHF 550,000 - 1,100,000

CHF 816,500

$818,215

€821,399

 

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 global auction sale total of $209.3 million in 2021, the most successful year for any auction house in watch auction history.

 

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 vintage 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 vintage 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 hammer price plus buyer’s premium.

 

PRESS CONTACTS:            

GENEVA - Asta Ponzo, PR Consultant                             [email protected]                        +41 79 961 85 66

LONDON - Katie Carder, Head of Press, Europe              [email protected]                        +44 20 7901 7938