The fall watch auction season isn’t over until Phillips Watches have called in the last lot, at their Hong Kong sales. Considering the season they’ve already had and the catalogue that had been amassed for the Hong Kong Watch Auction: Five — chock full of auction super stars — it’s safe to say that Aurel Bacs and his team were going to settle for nothing short of bang, as they closed off 2017.
And this is exactly what has gone down at today’s 167 lot sale at the Mandarin Oriental, in Hong Kong. Led by the newly appointed Head of Phillips Watches in Asia, Thomas Perazzi the auction sold off 93% of amassed timepieces totaling US$14,039,600.
And as it has been the case for both the Geneva and New York sales, Hong Kong’s chalked up its own share of records. The first record is that figure: US$14,039,600, which happens to be the highest sale total for any watch auction held in Asia in 2017.
Next, lot 908, a Patek Philippe two-crown world time ref. 2523 that sold for US$2,856,630, became an auction record for a wristwatch sold in Asia. It was, also, the only piece to have broken the million-dollar mark at today’s sale, going for a hair above the initial upper estimate of US$2,500,000
Thereafter, the remaining four lots that round up the top five performers include: lot 906, a 14k gold Rolex Paul Newman Daytona ref. 6241 (sold for: US$635,376); lot 888, a Patek Philippe perpetual calendar split seconds chronograph wristwatch with moon phase ref. 5004/1G (sold for US$604,632); lot 944, a Patek Philippe diamond-set minute repeating perpetual calendar wristwatch with moon phases ref. 5073P-001 (sold for US$581,574); and lastly, lot 847, a panda dial Rolex Paul Newman Daytona ref. 6265 (sold for US$427,854).
For complete auction results, check out phillipswatches.com