Our Biggest Surprises From 2022 And Boldest Predictions For 2023
Join us in looking back at another record-breaking year for Phillips in Association with Bacs & Russo. Oh, and you won’t want to miss what our team forecasts for the rest of 2023.
Perpetual Picks: What Is An ‘Eisenkiesel’ Dial? A Look At Rolex’s Underrated Day-Date Alternative
Rolex has crafted watch dials out of some of the world’s most exotic minerals for nearly 50 years. No less than 24 different semi-precious stones have been used in special examples of watches like the Day-Date, the Datejust, and the Daytona over the years. The newest hardstone dial to join the catalog came in 2021 – here’s everything you need to know about the “Eisenkiesel” Rolex Day-Date.
A Round-Up Of The Greatest F.P. Journe Watches Sold At Phillips (So Far!)
We’re playing the hits to kick start "Le Concours de Complexité," our first-ever F.P. Journe-exclusive online auction.
How To Navigate Le Concours de Complexité
Our first Watch auction of the year is a once-in-a-lifetime single-owner online sale dedicated to F.P. Journe, featuring some of the independent watchmaker's most coveted and complicated creations.
A Beginner’s Guide To The World Of F.P. Journe
What you need to know before starting your collection.
The New York Watch Auction: SEVEN Realizes $21.1 Million
The auction concluded a two-year Streak of 100%-sold sales, a first for any auction house in history,
Phillips Perpetual69 watches for sale
Model: Limited to 25 "Yellow Submarine" Illuminating
Renowned for relentless innovation, in the DB28GS, Denis Flageollet and his team have produced one of the most ground-breaking divers watches ever made. One of only 25 pieces, the watch features a mechanically powered, internal lighting system that illuminates both the dial and the rotating bezel, the "Yellow Submarine" is nothing short of ingenious. Hosting a full gamut of DB's patented and signature innovations from the floating lugs, triple parechute shock absorption and aerodynamic balance wheel, there is a strong case to be made that this represents the perfect distillation of De Bethune's first 20 years.
Supremely comfortable in ultra-light yellow treated Titanium and black Zirconium, this example is found in unworn condition, and complete with the original DB box, certificate and accessories.
Model: Royal Oak Chronograph
The Royal Oak Chronograph ref 25860ST shares the full genetic codes of the original Royal Oak, as while it can be considered a sportier version than the time only model due to the presence of a chronograph function, it retains an incredibly elegant and suave presence that makes it one of the most versatile chronographs of its generation.This reference is nicknamed "Kasparov" by collectors as the legendary chess Grandmaster Garry Kasparov wore one during his professional games and would always remove it from his wrist prior to his last, winning moves. The present example, found in excellent condition is found with an Audemars Piguet box.
Model: Royal Oak Offshore, “The Beast”
Disruptive in its size, the watch designed by Emmanuel Gueit measures an impressive 42mm in diameter and is garnered with its rightful nickname “The Beast”. Radical and contemporary for its time, the watch gained popularity amongst the young generation and was famously worn on the wrist of Italy’s beloved athlete and alpine skiing legend, Alberto Tomba. Since then, the launch of reference 25721 marked the beginning of the over-sized trend for sports watches. Exuding a cool and masculine charm, “The Beast” was fitted with an ashen grey tapisserie dial with rugged blue accents and cased in titanium. Presented with an extra layer of personality, through the passing of time throughout the 21 or so years of this timepiece, the present E series features a unique and gorgeous patina on its dial. Originally finished in brushed blue, all three registers and dial centre have developed a tropical throughout. Accompanied with a service invoice from Audemars Piguet and service box, this impressive but lightweight Royal Oak is the perfect example of the genius of its designer.
Model: Atum Date
With a total production of only a few hundred watches per year, Moritz Grossman timepieces are as rare as they are distinctive. Well known for their razor thin, perfectly annealed hands, bold teutonic cases and beautifully hand finished movements with characteristic white sapphire jewels. This 'Contemporary' example features a clever travelling date window similar to the Roger Smith Series 4. Powered by the hand-wound calibre 100.3 movement with hand engraved balance bridge, signature stop seconds mechanism and 42 hour power reserve. Sourced in unworn, 'new' condition with the original box and certificate, this example even retains the original retailer price tag on the buckle.
Unsealed by Phillips for photography, this 5070R has remained boxed from Geneva for 15 years. With its distinctive 42mm Rose Gold case now oxidised, the present example has a rare, unique and charming patina. Rarely found in such a state of preservation it remains a seldom found example of a much admired reference with its Lemania based chronograph complication. Complete with its original guarantee, deposit receipt, leather wallet and booklets. This 2007 is one of the last examples before it was phased out in 2008.
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Le Concours de Complexité: Single Owner Online Auction
13 January 2023 - 20 January 2023 • Hong Kong
The New York Watch Auction: SEVEN
10 December 2022 - 11 December 2022 • New York
The Beauty in Everything: Single Owner Online Auction
30 November 2022 - 6 December 2022 • Hong Kong
The Hong Kong Watch Auction: XV
28 November 2022 - 29 November 2022 • Hong Kong
The Geneva Watch Auction: XVI
5 November 2022 - 6 November 2022 • Geneva
INTERSECT: Online Auction
21 September 2022 - 28 September 2022 • Hong Kong
News and Results
30 January 2023
Phillips Watches Achieves Most Successful Year in Auction History for the Second Consecutive YearRead More
In 2022, we achieved a new milestone and set the benchmark yet again for watch auctions across the globe, with an annual total of over US$227 million, marking the highest annual result reached by any auction house’s Watch department, up nearly 10% compared to the previous year.
15 December 2022
Phillips in Association with Bacs & Russo Presents Le Concours de Complexité: Single Owner Online AuctionRead MorePhillips in Association with Bacs & Russo is pleased to announce Le Concours de Complexité: Single Owner Online Auction, offering a selection of innovative and rare timepieces by the famed independent watchmaker F.P. Journe from an important private collector.
11 December 2022
The New York Watch Auction: SEVEN Realizes $21.1 Million, Concluding a Two-Year Streak of 100%-Sold Sales, A First for Any Auction House in History, Continuing Phillips’ Market Leadership Once Again in the AmericasRead More
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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