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Phillips in Association with Bacs & Russo Achieves HK$182 Million/ US$ 23 Million for The Hong Kong Watch Auction: XV with a White Glove Sale
Watch Sales Soar to New Heights at Phillips Asia Exceeding HK$446 Million/ US$57 Million for 2022
Auctioneer Thomas Perazzi selling lot 858
The Hong Kong Watch Auction: XV, 28-29 November, 2022
TOTAL: HK$ 182,209,180/ US$23,322,775
Lots sold: 264 | Lots offered: 264 Sold by lot: 100% | Sold by value: 100%
Thomas Perazzi, Head of Watches, Asia, Phillips, said, “This momentous week marked the first time in three years that we had the pleasure to welcome international collectors and Phillips overseas colleagues back to the auction room in Hong Kong. We are thrilled with the sale result of over HK$182 million/ US$23 million, exceeding the pre-sale high estimate and bringing the annual total to HK$446 million/ US$57 million, the highest ever achieved by the Phillips Watch department in the region. The star lot of the sale was the Patek Philippe ref. 2499, which realised over HK$10 million/ US$1.3 million. Another highlight was the Patek Philippe ref. 2508, which sold for HK$756,000, eight times its pre-sale low estimate, showing the Asian market’s strong interest in vintage watches. For many years, Phillips has been a proponent of independent watchmaking and, once again, offered a wide selection of rare creations from these incredible artisans. Strong prices were achieved for the Philippe Dufour Simplicity white gold wristwatch, which sold for four times its pre-sale low estimate, and the Roger Smith Series 2 in pink gold, which sold for three times its pre-sale low estimate. We were also very excited and humbled to see such strong participation from the global watch community over the two days, with nearly 1,600 collectors participating from across 65 countries. I was also absolutely thrilled to welcome a new generation of auctioneer to the sale with a brilliant performance from Gertrude. We now turn our attention to our last Watches sale in Hong Kong this year – a single owner collection from The Armoury’s Mark Cho, which opens for bidding tomorrow 30 November. We look forward to seeing you at the preview taking place at The Armoury store in Pedder Building in Hong Kong.”
TOP TEN LOTS OF THE HONG KONG WATCH AUCTION: XV
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Lot
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Description
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Estimate
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Price Achieved
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858
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Patek Philippe, Ref. 2499, yellow gold perpetual calendar chronograph wristwatch. Circa 1953
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HK$7,800,000 - 15,600,000/ US$1,000,000-2,000,000
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HK$10,656,000
US$1,363,968
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938
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Patek Philippe, Ref. 5207/700P-001 platinum perpetual calendar minute repeating tourbillon wristwatch. Circa 2016
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HK$5,500,000 - 8,500,000/
US$705,000-1,090,000
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HK$6,905,000
US$883,840
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975
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Philippe Dufour, white gold wristwatch with small seconds. Circa 2007
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HK$1,600,000 - 3,200,000 / US$205,000-410,000
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HK$6,905,000
US$883,840
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887
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Patek Philippe, Ref. 5275P-001 limited edition platinum chiming wristwatch, made for the 175th anniversary of Patek Philippe. Circa 2015
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HK$3,000,000 - 5,000,000/ US$385,000 - 641,000
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HK$4,662,000
US$596,736
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845
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Roger Smith, Series 2 in pink gold. Circa 2011
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HK$1,500,000 - 2,500,000
US$192,000-321,000
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HK$4,410,000
US$564,480
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826
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Patek Philippe, Ref. 5650G-001 limited edition white gold semi-skeletonized dual-time wristwatch, one of a limited edition of 500 pieces. Circa 2017
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HK$1,560,000 - 3,120,000/
US$200,000-400,000
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HK$3,780,000
US$483,840
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1000
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Patek Philippe, Ref. 5078P-010 platinum minute repeating wristwatch. Circa 2012
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HK$2,600,000 - 3,600,000/ US$333,000-462,000
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HK$3,780,000
US$483,840
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915
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Rolex, Ref. 6239 stainless steel chronograph wristwatch with “Paul Newman” dial. Circa 1967
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HK$2,800,000 - 3,800,000/ US$359,000-487,000
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HK$3,402,000
US$435,456
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894
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Audemars Piguet, Ref. 26620IO.OO.D077CA.01, titanium semi-skeletonized flying tourbillon wristwatch, one of a limited edition of 250 pieces. Circa 2021
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HK$1,200,000 - 2,400,000
US$154,000-308,000
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HK$3,024,000
US$387,072
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841
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F.P. Journe, Ref. T30, silver and pink gold limited edition tourbillon wristwatch with hinged caseback,
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HK$1,180,000 - 2,400,000
US$151,000-308,000
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HK$3,024,000
US$387,072
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886
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Patek Philippe, Ref. 5711/1P-001, limited edition platinum wristwatch made for the 40th Anniversary of the Nautilus. Circa 2017
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HK$1,500,000 - 3,000,000
US$192,000-385,000
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HK$3,024,000
US$387,072
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Please click here for images of the top ten
The Beauty in Everything Single Owner Online Auction
30 November – 6 December
https://www.phillips.com/auctions/auction/HK080422
Hong Kong Preview : 30 November – 6 December (Opening hours here) The Armoury Pedder Building, Shop 307, 12 Pedder St, Central, Hong Kong
Images of highlights: https://www.dropbox.com/sh/1d59bdz4zkoutlt/AADQSl7Vf33N9Jys7CdF3Iyza?dl=0
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PRESS CONTACTS:
HONG KONG – Ingrid Hsu, Public Relations and Communications Director, Asia Ingridhsu@phillips.com
HONG KONG – Jiayi Zhang, Public Relations Coordinator jiayizhang@phillips.com
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.
PHILLIPS NEW YORK - 432 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 - rue de la Confédération, 7 Geneva 1204
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