Auctions Phillips Geneva sales achieve over CHF 23.9 million
This is the highest result for any auction house this season in Geneva.
The Fall season’s watch auctions held by Phillips, in Association with Bacs & Russo, on 11 and 12 November 2017 realised a combined total of CHF 23,978,000/$24,081,105/€20,642,660, the highest result for any auction house this season in Geneva.
On November 11, Phillips held a thematic auction dedicated to Heuer. The evening was a reunion for the most influential Heuer collectors who flew in from all over the world to follow and bid on the forty two watches presented in the sale. The sale surpassed its pre-sale high estimate of CHF 1.1 million with most lots flying well above their high estimate, and Phillips recording a rare 'perfect sale’, selling 100% of the lots. The depth of the market was proven as the 42 lots were purchased by 33 unique clients.
The auction concluded with the sale of a special TAG Heuer Autavia charity piece created for Jack Heuer's birthday. The watch N° 1/1932 achieved CHF 37,500. All the proceeds from the sale of this particular lot went to the charity Save the Children.
The Geneva Watch Auction: SIX was held over two days on November 11-12. Phillips presented a selection of 153 watches and the sale realised a total of CHF 22,527,375 (22,624,242 / €19,393,817) (pre-sale estimate: CHF 11.8 to 21.8 million), selling 99% by lot and 99% by value.
Patek Philippe remained ever present in the top ten, with three lots selling over CHF 1,000,000, including the legendary pink gold reference 2499 (lot 187, picture) which fetched CHF 2,772,500 ($2,784,421 / €2,386,845), an extremely rare white gold reference 2497 (lot 231) which sold for CHF 2,292,500 ($2,302,357 / €1,973,613) and a rare and attractive world time wristwatch reference 2523/1 (lot 257) which achieved CHF 1,212,500 ($1,217,713/€1,043,841).
One of the highlights of the evening was a unique Omega Tourbillon Wristwatch which smashed the world record for any Omega ever presented at auction – realising CHF 1,428,500 ($1,434,642 /€1,229,795) – becoming the first Omega timepiece to surpass CHF 1,000,000 in the process.
There were other strong results, including new benchmarks for three Rolex references sold at auction, including a new world record for an automatic Daytona (lot 149) at CHF 552,500 ($554,875 /€475,647), a new world record for a stainless steel Rolex GMT-Master reference 6542 (lot 248) at CHF 300’000 ($301,290 / €258,270, and a new world record for a Rolex Milgauss reference 1019 (lot 196) at CHF 150,000 ($150,645/€129,135).