Phillips in Association with Bacs & Russo Presents the Hong Kong Watch Auction: X (10 July 2020)

Phillips in Association with Bacs & Russo announces The Hong Kong Watch Auction: X. Taking place on Friday, 10 July 2020, the auction is comprised of over 260 lots, including vintage and modern collectors’ timepieces from the most prestigious manufacturers.

The upcoming auction will be offering an incredible selection of collectible timepieces, including some of the most important modern and vintage Patek Philippe wristwatches, led by a well preserved reference 2499/100 fourth series in yellow gold, and a possibly unique reference 3448/14 in 18k white gold, offered by the family of the original owner.

In addition, the auction will offer three sections of the sale dedicated to the World Time by Patek Philippe, the finest examples from Patek Philippe and Rolex retailed by Tiffany &Co., and an extravagant selection of salmon dials from the 20th and 21st century.

The Hong Kong Watch Auction: X – Highlights

Patek Philippe Reference 2499/100 (circa 1982)

A Reference 2499/100, the fourth and last generation of Patek Philippe’s most iconic perpetual calendar chronograph wristwatch originally launched in 1950. This watch in yellow gold dates from 1982.

Patek Philippe Reference 2499/100 from 1982, 18K yellow gold perpetual calendar chronograph wristwatch with moon phases. Estimate: HKD 3,500,000-5,000,000
Patek Philippe Reference 2499/100 from 1982, 18K yellow gold perpetual calendar chronograph wristwatch with moon phases. Estimate: HKD 3,500,000-5,000,000

Offered in excellent overall condition, the case is very well-preserved with crisp edges and bevels, defined fluted lugs with sharp and unrubbed hallmarks stamped behind, a very attractive and original dial, which is rare in its own respect. It features the last three digits of the case number hand-engraved on the inner rim of the bezel as well as the caseback, which is unusual and rare to come across.

Patek Philippe Reference 2499/100 from 1982, 18K yellow gold perpetual calendar chronograph wristwatch with moon phases. Estimate: HKD 3,500,000-5,000,000

Patek Philippe Reference 3448/14, retailed by Gübelin (circa 1975)

Reference 3448 was the first self-winding perpetual calendar wristwatch made by Patek Philippe and was introduced to the market in 1962. According to literature, there were 586 examples manufactured, 130 were cased in white gold with only 14 examples known to be fitted with an integrated bracelet.

Patek Philippe Reference 3448/14 from 1975, white gold perpetual calendar wristwatch with moon phases and integrated bracelet, retailed by Gübelin. Estimate: HKD 2,340,000-3,900,000
Patek Philippe Reference 3448/14 from 1975, white gold perpetual calendar wristwatch with moon phases and integrated bracelet, retailed by Gübelin. Estimate: HKD 2,340,000-3,900,000

The present example with an integrated bracelet without the usual pointed lugs belongs to a possibly unique variant of the much-appreciated reference. Furthermore, it is double-signed by Swiss retailer “Gübelin” and is stamped with -14 is the first example to ever surface on the market.

Patek Philippe Reference 3448/14 from 1975, white gold perpetual calendar wristwatch with moon phases and integrated bracelet, retailed by Gübelin. Estimate: HKD 2,340,000-3,900,000

Patek Philippe Reference 3979 (circa 1996)

Reference 3979 was one of the complicated watches launched in 1989 to celebrate Patek Philippe’s 150th anniversary. It was the first ever automatic minute repeater produced by the brand, and was sold with an enamel dial reminiscent of its traditional past and pocket watches.

Patek Philippe Reference 3979 from 1996, platinum minute repeating wristwatch with enamel dial. Estimate: HKD 2,900,000-4,000,000
Patek Philippe Reference 3979 from 1996, platinum minute repeating wristwatch with enamel dial. Estimate: HKD 2,900,000-4,000,000

Produced from 1989 until 2002, only 100 examples of this reference were made, with the majority in yellow gold and approximately a dozen in platinum. The present watch is one of five known to the market and is in excellent overall condition.

Patek Philippe Reference 3979 from 1996, platinum minute repeating wristwatch with enamel dial. Estimate: HKD 2,900,000-4,000,000

Patek Philippe Reference 5013R (circa 2000)

While Patek Philippe’s reference 5013 spanned two centuries, first released in 1992 and discontinued in 2010, it has the classic charm and iconic style of early 20th-century watches with a tonneau-shaped case and grand complication movement featuring repeat function combined with perpetual calendar and moon phase.

Patek Philippe Reference 5013R from 2000, pink gold tonneau-shaped minute repeating perpetual calendar wristwatch with moon phases, retrograde date, leap year indication and Breguet numerals. Estimate: HKD 1,800,000-3,000,000
Patek Philippe Reference 5013R from 2000, pink gold tonneau-shaped minute repeating perpetual calendar wristwatch with moon phases, retrograde date, leap year indication and Breguet numerals. Estimate: HKD 1,800,000-3,000,000

With a long production span and with only 101 examples believed to be produced across four materials: yellow gold, pink gold, white gold and platinum, the reference 5013 is certainly a highly complicated timepiece to manufacture and is incredibly rare.

Patek Philippe Reference 5013R from 2000, pink gold tonneau-shaped minute repeating perpetual calendar wristwatch with moon phases, retrograde date, leap year indication and Breguet numerals. Estimate: HKD 1,800,000-3,000,000

 

Richard Mille Reference RM11-03 J.Todt (circa 2018)

The RM11-03 Jean Todt was Richard Mille’s first wristwatch to be encased in blue Quartz TPT and forged carbon.

Richard Mille Reference RM11-03 J.Todt from 2018, limited edition blue Quartz TPT and carbon flyback chronograph wristwatch, numbered 46 of a limited edition of 150 pieces. Estimate: HKD 1,500,000-2,800,000
Richard Mille Reference RM11-03 J.Todt from 2018, limited edition blue Quartz TPT and carbon flyback chronograph wristwatch, numbered 46 of a limited edition of 150 pieces. Estimate: HKD 1,500,000-2,800,000

This timepiece was launched as a limited edition of 150 pieces to commemorate 50 years of the lauded former rally driver and CEO of Scuderia Ferrari, Mr. Jean Todt. Never before offered at auction, the present example numbered 46 is presented in excellent overall condition and is further charmed by the full set of accessories.

Richard Mille Reference RM11-03 J.Todt from 2018, limited edition blue Quartz TPT and carbon flyback chronograph wristwatch, numbered 46 of a limited edition of 150 pieces. Estimate: HKD 1,500,000-2,800,000
A. Lange &Söhne Tourbograph in honey gold (circa 2010)

Introduced as a limited edition of 50 pieces in 2010, the A. Lange &Söhne Tourbograph “Pour le Mérite” in 18K honey gold belongs to an important collection of highly complicated wristwatches paying homage to F.A. Lange. Regarded as one of the most complicated wristwatches manufactured by the firm, the first Tourbillon “Pour le Mérite” wristwatch was introduced in 1994.

A. Lange &Söhne Reference 712.050 from 2010, limited edition honey gold tourbillon double split seconds chronograph wristwatch with power reserve indication, fusée-and-chain transmission, numbered 3 of a limited edition of 50 pieces. Estimate: HKD 1,400,000-2,000,000
A. Lange &Söhne Reference 712.050 from 2010, limited edition honey gold tourbillon double split seconds chronograph wristwatch with power reserve indication, fusée-and-chain transmission, numbered 3 of a limited edition of 50 pieces. Estimate: HKD 1,400,000-2,000,000

As a modern iteration of the highly complicated timepiece, the reference 712.050 is further enhanced by combining all elements together, and it is the first timepiece to incorporate a tourbillon, rattrapante chronograph and fusée-and-chain transmission by any manufacturer.

A. Lange &Söhne Reference 712.050 from 2010, limited edition honey gold tourbillon double split seconds chronograph wristwatch with power reserve indication, fusée-and-chain transmission, numbered 3 of a limited edition of 50 pieces. Estimate: HKD 1,400,000-2,000,000

World Time Watches by Patek Philippe

Phillips also offers a fine selection of one of the most versatile and practical timepieces on the market today, Patek Philippe’s World Time wristwatch. Sophisticated in mechanical design with a classic aesthetic, each of the seven examples demonstrates the wide appeal the World Time wristwatch has amongst collectors today, as well as Patek Philippe’s genius in creating a diverse collection of wristwatches.

Patek Philippe 5230G New York Special Edition (circa 2017)

Produced in 300 examples, the Patek Philippe 5230G New York Special Edition was one of the most sublime and charming timepieces released by the brand in conjunction with its “The Art of Watches Grand Exhibition” in New York in 2017.

Patek Philippe Reference 5230G-010 from 2017, white gold World Time wristwatch, New York Edition. Estimate: HKD 380,000-600,000
Patek Philippe Reference 5230G-010 from 2017, white gold World Time wristwatch, New York Edition. Estimate: HKD 380,000-600,000

Based on the traditional reference 5230G World Time with the caliber 240 HU, automatic movement with micro-rotor, the watch has an opaline blue dial with an Art Deco metal relief of the Manhattan skyline.

Patek Philippe Reference 5230G-010 from 2017, white gold World Time wristwatch, New York Edition. Estimate: HKD 380,000-600,000

Patek Philippe World Time Ref. 5231J-001 (circa 2019)

In 2019, Patek Philippe introduced a new World Time reference 5231J-001, the first model of its reference to feature its iconic “cloisonné” enamel dial. Patek Philippe Reference 5231J-001 from 2019, yellow gold World Time wristwatch with “cloisonné” enamel dial. Estimate: HKD 600,000-1,000,000

Patek Philippe Reference 5231J-001 from 2019, yellow gold World Time wristwatch with “cloisonné” enamel dial. Estimate: HKD 600,000-1,000,000To achieve the perfect “cloisonné” enamel dial, a thin gold wiring known as “cloison” are carefully sculpted to create the outline of the desired motif then applied on the surface of the dial. The present watch is in excellent overall condition and is the first example of the reference to be offered at auction.

Patek Philippe Reference 5231J-001 from 2019, yellow gold World Time wristwatch with “cloisonné” enamel dial. Estimate: HKD 600,000-1,000,000

Wristwatches retailed by Tiffany & Co.

Over the past century, Tiffany & Co. has risen to be one of the most respected and renowned luxury names in the world. In the section dedicated to Tiffany & Co., Phillips presents the finest examples from Patek Philippe and Rolex.

Rolex Ref.1680 retailed by Tiffany & Co. (circa 1977)

The relationship between Rolex and Tiffany & Co. began in the late 1950s, with Tiffany &Co. stamping Rolex dials with their name at their US service center. Subsequently, stamping was increasingly done in Geneva by Rolex.

Rolex Reference 1680 from 1977, stainless steel diver’s wristwatch retailed by Tiffany & Co. Estimate: HKD 160,000-320,000
Rolex Reference 1680 from 1977, stainless steel diver’s wristwatch retailed by Tiffany & Co. Estimate: HKD 160,000-320,000

For decades, co-branded Rolex pieces could be serviced either at Rolex or at Tiffany & Co., but in the early 1990s, Rolex decided to no longer supply co-branded watches. As Rolex pieces co-signed by Tiffany & Co. are no longer in production, the few examples made between the 1950s and the 1990s are rare and outstanding treasures.

Rolex Reference 1680 from 1977, stainless steel diver’s wristwatch retailed by Tiffany & Co. Estimate: HKD 160,000-320,000

Patek Philippe Ref. 5496P-001 retailed by Tiffany& Co. (circa 2015)

Tiffany & Co. and Patek Philippe have been working together for over one and a half centuries. Tiffany & Co. sold their first Patek Philippe timepiece in 1851, and on December 22, 1854 Antoine Norbert de Patek met Charles Lewis Tiffany in New York, shaking hands over a partnership that is as strong today as it was back then.

Patek Philippe Reference 5496P-001 from 2015, platinum perpetual calendar wristwatch with retrograde date, day, month, moon phases, leap year indication, retailed by Tiffany& Co. Estimate: HKD 350,000-510,000
Patek Philippe Reference 5496P-001 from 2015, platinum perpetual calendar wristwatch with retrograde date, day, month, moon phases, leap year indication, retailed by Tiffany& Co. Estimate: HKD 350,000-510,000

Watches with Salmon Dials

Phillips has also dedicated a section of the sale to salmon dials, offering examples ranging from the early 20th century to current production models, allowing for a bird’s eye view of the evolution of this timeless and supremely attractive dial color.

Patek Philippe Reference 5270P-001 with salmon dial (circa 2019)

Reference 5270 was first launched in 2011, which replaced 5970. The present watch, reference 5270P, was the brand’s latest iteration that launched in 2018 and for the first time available in platinum for this reference. Being offered at auction for the first time, the present watch is in mint and unworn condition, representing an opportunity to own one of the most striking timepieces in Patek Philippe’s current collection.

Patek Philippe Reference 5270P-001 from 2019, platinum perpetual calendar chronograph wristwatch with “salmon” dial, day and night indication, moonphases, leap year indication, additional case back. Estimate: HKD 1,100,000-1,600,000
Patek Philippe Reference 5270P-001 from 2019, platinum perpetual calendar chronograph wristwatch with “salmon” dial, day and night indication, moonphases, leap year indication, additional case back. Estimate: HKD 1,100,000-1,600,000

Rolex Day-Date Reference 1802 with salmon dial (circa 1971)

Introduced in 1963, the Rolex Day-Date reference 1802 with a polished bezel is most certainly rarer than its latter reference 1803 with a fluted bezel. The present example in 18K white gold features a much desired and attractive “Salmon” dial which contrasts beautifully against the white gold case with matching silvered hands and baton indexes.

Rolex Day-Date Reference 1802 from 1971, white gold wristwatch with center seconds, day, date and “salmon” dial. Estimate: HKD 155,000-310,000
Rolex Day-Date Reference 1802 from 1971, white gold wristwatch with center seconds, day, date and “salmon” dial. Estimate: HKD 155,000-310,000

Auction details

  • Phillips Hong Kong July Auctions 2020

  • Location: JW Marriott Hotel, 88 Queensway, Admiralty, Hong Kong

  • Date: 10 July 2020

  • Time: The Hong Kong Watch Auction X Session One: 12 pm Session Two: 3:30 pm

Update 11 July 2020

Auction Results: The Hong Kong Watch Auction X

TOTAL: HK$ 108,555,000 / US$14,003,595 / CHF13,178,577

  • Lots sold: 263
  • Lots offered: 266
  • Sold by lot: 99%
  • Sold by value: 99%

TOP TEN LOTS

Lot 998: Patek Philippe Reference 2499/100, 18K yellow gold perpetual calendar chronograph wristwatch with moon phases. Circa 1982
– Estimated: HK$ 3,500,000-5,000,000
– Achieved: HK$4,710,000 (US$607,590/CHF571,794)

Lot 1017: Patek Philippe Reference 3448/14, white gold perpetual calendar wristwatch with moon phases and integrated bracelet, retailed by Gübelin. Circa 1975
– Estimated: HK$ 2,340,000-3,900,000
– Achieved: HK$3,750,000 (US$483,750/CHF455,250)

Lot 968: Patek Philippe Reference 3979, platinum minute repeating wristwatch with enamel dial. Circa 1996
– Estimated: HK$2,900,000-4,000,000
– Achieved: HK$3,437,500 (US$443,438/CHF417,313)

Lot 916: Patek Philippe Reference 5275P-001, limited edition platinum chiming wristwatch made for the 175th anniversary of Patek Philippe, single sealed. Circa 2016
– Estimated: HK$2,000,000 – 3,000,000
– Achieved: HK$2,875,000 (US$370,875/CHF349,025)

Lot 830: Richard Mille Reference RM11-03 J.Todt, limited edition blue Quartz TPT and carbon flyback chronograph wristwatch, numbered 46 of a limited edition of 150 pieces. Circa 2018
– Estimated: HK$1,500,000-2,800,000
– Achieved: HK$2,750,000 (US$354,750/CHF333,850)

Lot 1006: Patek Philippe Reference 5013R, pink gold tonneaushaped minute repeating perpetual calendar wristwatch with moon phases, retrograde date, leap year indication and Breguet numerals. Circa 2000
– Estimated: HK$ 1,800,000-3,000,000
– Achieved: HK$2,500,000 (US$322,500/CHF303,500)

Lot 988: Rolex Reference 6240, repeated inside caseback, a very fine and rare stainless steel chronograph wristwatch with “Paul Newman” dial and bracelet. Circa 1966
– Estimated: HK$1,170,000 – 2,340,000
– Achieved: HK$2,000,000 (US$258,000/CHF242,800)

Lot 816: A. Lange & Söhne Reference 712.050, limited edition honey gold tourbillon double split seconds chronograph wristwatch with power reserve indication, fusée-and-chain transmission, numbered 3 of a limited edition of 50 pieces. Circa 2010
– Estimated: HK$ 1,400,000-2,000,000
– Achieved: HK$1,875,000 (US$241,875/CHF227,625)

Lot 884: Rolex Reference 6241 stainless steel chronograph wristwatch with “Paul Newman” dial, brown “tropical” subsidiary registers, tachymeter bezel and box. Circa 1968
– Estimated: HK$980,000 – 1,500,000
– Achieved: HK$1,750,000 (US$225,750/CHF212,450)

Lot 948: Rolex Reference 116598RBOW, yellow gold diamond and rainbow-colored sapphire-set chronograph wristwatch. Circa 2012
– Estimated: HK$1,400,000 – 1,800,000
– Achieved: HK$1,750,000 (US$225,750/CHF212,450)

Source: Phillips