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The Hong Kong Watch Auction: XII

Considered one of the greatest timepieces ever made, the Patek Philippe Ref. 2499 is coveted among watch collectors, with some spending years to search for a fresh example to surface on the market. Leading the Hong Kong Watch Auction XII catalogue is such an example.

News and Results

  • 8

    8 June 2021

    Phillips in Association with Bacs & Russo Announces A Complete Set of Five F.P. Journe “Souscription” Watches, N°1 in Each Series, to be Auctioned in The Geneva Watch Auction: XIV this Fall

    Fresh to the market and coming from the original owner, this is the only known full set of the original five “Souscription” watches

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  • 6

    6 June 2021

    Phillips Achieves The Highest Ever Total for a Watch Auction Staged by Phillips in Asia With 100% Sell-Through Rates

    With 100% Sell-Through Rates, this Marks the First ‘White Glove’ Watch Sale Season in Asia Achieved by any Auction House in the Region. 

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  • 26

    26 May 2021

    Phillips to Offer a Very Rare Patek Philippe Ref. 5208R Originally Owned by the Italian Footballer Fabio Cannavaro Benefitting Fondazione Cannavaro Ferrara

    The sale of lot 988 frin the upcoming Hong Kong Watch Auction XII, an extremely rare 


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News and Results

The Watches Department

Phillips in Association with Bacs & Russo is the watch department at Phillips auction house, dedicated exclusively to the world's finest collectors' watches. Launched in November 2014 by Aurel Bacs and his partner, Livia Russo, the department was established in response to the ever-increasing need for today's collectors to easily access scholarship, guidance and quality across the board. The team of specialists at Phillips Watches is dedicated to an uncompromised approach to quality, transparency and client service. With multiple world records, including for a Rolex wristwatch, vintage Patek Philippe wristwatch, and Omega wristwatch at auction, Phillips has become the undisputed worldwide market leader, and in 2019, the auction house opened Phillips PERPETUAL, a private treaty program with physical and digital storefronts that offers a highly curated selection of watches sold at fixed prices. In its first year PERPETUAL has achieved more than £5M in sales. 

1. Rolex reference 6239, Paul Newman's "Paul Newman" Rolex Daytona (US $17,752,500) – WINNING ICONS, in New York – 26 October 2017. Highest result ever achieved for a Rolex wristwatch.

2. Patek Philippe reference 1518 in stainless steel (11,002,000 CHF) – The Geneva Watch Auction FOUR – 12 November 2016. Highest result ever achieved for a Patek Phillipe wristwatch at auction.

3. Rolex "Bao Dai" reference 6062 (5,066,000 CHF) – The Geneva Watch Auction: FIVE – 14 May 2017.

4. Patek Philippe ref. 2523 in pink gold (3,722,000 CHF) – The Geneva Watch Auction: XII – Nov 6-7 2020. Highest result ever achieved for a watch sold to an online bidder

5. Omega "Tourbillon 30 I" prototype (1,428,500 CHF) – The Geneva Watch Auction: SIX – 12 November 2017. Highest result ever achieved for an Omega at auction.

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