Editor's Picks
Square Deals: Phillips’ first Private Treaty Watch Sale in London’s Berkeley Square
Editor's Picks
Square Deals: Phillips’ first Private Treaty Watch Sale in London’s Berkeley Square
Last week saw Marks’s latest initiative: a week-long Private Treaty Sale, again held in the London showroom. A first of its kind for Phillips, the private sale was born from Marks’s belief that to succeed in the current climate, an auction house can no longer simply deliver a catalogue to clients and expect to impress. “You need to have a dialogue going 12 months of the year,” he says. “Through events such as our Independent Watchmakers exhibition and the Singer party, we are engaging with our existing clients and opening up to our potential customers. Traditional previews can feel a little staid but the private sale was a nice way to say ‘Hi’, to talk in a relaxed atmosphere and to nerd over some amazing watches. Going into the fall auction season this is particularly important as it is only through talking to clients that we can find out what they are looking for – and, of course, it is a great way to start conversations about further consignments.”
The Big Guns
But, no matter how good the environment, a sale can only be as successful as the pieces available to buy, and here, Phillips certainly didn’t disappoint. With a goal to source the watches most on people’s radar, Marks was very aware of the importance of trends – not least the ultimate trend of Rolex Daytonas. “I think we found some of the best and most interesting Daytonas out there,” he says. “We had an early example, black-dial 6265 with box and papers, plus the nicest 18ct 6263 I have seen. And then a real coup with two 6240s – this was the first Oyster Daytona and only 1,700 were made in total so, historically, it is one of the most important models. We had both the non-exotic dial with MK 0 pushers and MK 1 bezel and its Paul Newman equivalent. Phillips has only ever handled five 6240 Paul Newmans. We believe there are fewer than 100 in the world and I don’t think London has ever had the pair together in the same display case before.”
Beyond The Crown
In addition to the Rolexes on sale, there was also an astonishing selection of Patek Philippes, including a 3970 in yellow gold with black diamond dial, a full-set classic 5004P in platinum, a 3940G-029 London Edition – one of only five salmon-dial examples made for the 2015 Watch Art Grand Exhibition at the Saatchi Gallery and a 5101 10-day Tourbillon with blue dial.