Phillips in Association with Bacs & Russo, the watch department of the Phillips auction house, is formally announcing their Fall 2016 Geneva Watch Auction this morning. The auction is to be held on the 12th and 13th of November, as what is to be the fourth chapter of their Geneva sales. Those dates though, shouldn’t be completely unheard of – because they’ve been listed on Phillips’ auction calendar for a bit of time now. So while you’re at it, jot down the 29th of November as well for the third chapter of Phillips’ watch auctions in Hong Kong.
But first, before we dive in to talk about the one highlight piece that is being unveiled this morning for the Geneva auctions in November, it’s probably a good thought to consider the many things that the auction house has already achieved within the year thus far.
We focus first on the START-STOP-RESET thematic sale on the 14th of May 2016, where 88 exceptional stainless steel chronographs were offered up. All pieces were sold under the hammer with an outstanding Rolex ref. 4113 setting the record for the highest result ever achieved for any Rolex sold at auction: CHF 2,405,000. The same sale also set another record for the highest price achieved for a Paul Newman Daytona, a ref. 6263 RCO dial no less, that sold for a staggering CHF 1,985,000. (Read all of our recent Paul Newman Daytona coverage here, here and here.)