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Published: Thursday 20th May 2021
The curious thing about previewing watch auctions is that, outside of a few big-ticket showpiece items, it s pretty difficult to predict which watches are going to catch the expert eye of collectors, and see the price rocket skyward.
That s why we try our best here at Square Mile to avoid getting into a game of chance and instead focus on a little bit of education about the icons of the past and hand-select the models we d like to own if we won the lottery tomorrow.
However, that being said, we were quietly confident in our Geneva Watch Auction XIII preview that the incredibly rare Patek Philippe Ref. 5711P was going to have all the collectors clamouring to win this elusive prize. As it turns out, we were half right: it sold in the end for CHF567,000, nearly 50% more than the top end of its estimate. But that figure was blown out of the water by the equally rare Patek Philippe Calatravone Ref. 570.
A Unique Harry Winston Opus One Tourbillon by F.P. Journe will also Star in the Two-Day Watch Auction Series
HONG KONG – 10 May 2021 – Phillips in Association with Bacs & Russo is pleased to reveal additional highlights and present the full catalogue for The Hong Kong Watch Auction: XII, following the recent announcement of selected highlights from the sale. Leading this season’s two-day auction series on 5-6 June is a Patek Philippe reference 2499 first series yellow gold perpetual calendar chronograph wristwatch with Italian calendar, from 1953. Fresh to the market, this is the first time that a reference 2499 in yellow gold from the first series with a Wenger case and original Certificate of Origin has ever been offered at auction. In addition, this season’s sale will offer a selection of timepieces from the most prominent independent watchmakers, including an extremely fine and unique Harry Winston Opus One platinum tourbillon wristwatch with Remontoire d’Ég
Phillips to Host Inaugural Sales at 432 Park Avenue in June
NEW YORK, New York
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Image Courtesy of Phillips
Company Announces Global Spring 2021 Live Auction Calendar, with the
New York Sales of 20th Century and Contemporary Art to Take Place on 23-24 June, Featuring Works by Amy Sherald and Vija Celmins
New Beijing and Hong Kong Auction Format on 7-8 June
NEW YORK – 1 APRIL 2021 –Phillips is pleased to announce the inaugural sale dates for the company’s new headquarters in New York at 432 Park Avenue. The state-of-the-art galleries and saleroom will open with the exhibition of 20th Century & Contemporary Art, leading up to the auctions on 23-24 June. The company has also announced the full live auction calendar for Spring 2021, along with highlights from the 20th Century & Contemporary Art Sales in New York.
Phillips in Association with Bacs & Russo follows up its most successful year yet an annual auction total of US$133 million with five extraordinary Patek Philippe wristwatches for this year s spring auction season. Leading the Geneva Watch Auction XIII is a full set of Patek Philippe perpetual calendar chronograph reference 2499 series comes from a prestigious single owner collection that took almost 20 years of craftsmanship to assemble while the Hong Kong Watch Auction XII will offer a rare Patek Phillippe minute repeating perpetual calendar reference 3974 in pink gold, one of the five known to the market. We are thrilled and honoured to offer for the first time in close to two decades all four series of the reference 2499 in one sale, making our spring 2021 sale a once in a generation event. The Patek Philippe reference 2499, in any dial or case combination, is considered one of, if not the most iconic and desirable trophy watches to crown any collection. It was made for close t