Phillips in Association with Bacs & Russo, the Hong Kong Watch Auction: XII – Results

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Phillips in Association with Bacs & Russo achieved its highest ever total for a watch auction in Asia with the Hong Kong Watch Auction: XII (5 & 6 June 2021), its first non-thematic ‘white glove sale’, realising HK$191,239,320 / US$24,650,748. More than doubling the pre-sale low estimate of HK$91 million, this stands as the most successful watch auction weekend in Asia, with sell-through rates of 100% by lot and 100% by value.

With this unprecedented result, Phillips ends the first half of the year realising over US$ 68 million, selling every single watch offered across its three sales: the INTERSECT online sale, the Geneva spring sale, and the Hong Kong spring sale. Phillips’ watch collecting community continues to grow, with a record number of 1,705 online participants from 55 countries, marking nearly a 30% increase on the previous season and the most participants in any auction staged by Phillips in Asia.

The Hong Kong Watch Auction: XII – Top Ten Lots

Patek Philippe Ref. 2499 yellow gold perpetual calendar chronograph wristwatch with Italian calendar
Lot 822: Patek Philippe Ref. 2499 yellow gold perpetual calendar chronograph wristwatch with Italian calendar. Image Credit: Phillips.

Lot 822: Patek Philippe Ref. 2499 yellow gold perpetual calendar chronograph wristwatch with Italian calendar. Circa 1953. Estimate: HK$12,000,000 – 23,000,000/ Price Achieved: HK$15,375,000 (US$1,981,838).

Patek Philippe Ref. 3974R pink gold minute repeating English perpetual calendar wristwatch
Lot 852: Patek Philippe Ref. 3974R pink gold minute repeating English perpetual calendar wristwatch. Image Credit: Phillips.

Lot 852: Patek Philippe Ref. 3974R pink gold minute repeating English perpetual calendar wristwatch. Circa 1992. Estimate: HK$3,875,000 – 7,750,000/ Price Achieved: HK$9,325,000 (US$1,201,993) – World record for the reference in pink gold.

Patek Philippe Ref. 5208R-001 pink gold minute repeating perpetual calendar single-button chronograph wristwatch
Lot 988: Patek Philippe Ref. 5208R-001 pink gold minute repeating perpetual calendar single-button chronograph wristwatch. Image Credit: Phillips.

Lot 988: Patek Philippe Ref. 5208R-001 pink gold minute repeating perpetual calendar single-button chronograph wristwatch. Circa 2019. Estimate: HK$5,500,000 – 7,500,000/ Price Achieved: HK$6,542,000 (US$843,264) – World record for the reference in pink gold.

Patek Philippe Ref. 2499 third series yellow gold perpetual calendar chronograph wristwatch with moon phases
Lot 1029: Patek Philippe Ref. 2499 third series yellow gold perpetual calendar chronograph wristwatch with moon phases. Image Credit: Phillips.

Lot 1029: Patek Philippe Ref. 2499 third series yellow gold perpetual calendar chronograph wristwatch with moon phases. Circa 1977. Estimate: HK$3,100,000 – 4,600,000/ Price Achieved: HK$5,544,000 (US$714,622).

A. Lange &Söhne Ref. 421.048FE, LSLS4213AN, a limited edition white gold split-seconds perpetual calendar chronograph wristwatch
Lot 834: A. Lange & Söhne Ref. 421.048FE, LSLS4213AN, a limited edition white gold split-seconds perpetual calendar chronograph wristwatch. Image Credit: Phillips.

Lot 834: A. Lange & Söhne Ref. 421.048FE, LSLS4213AN, a limited edition white gold split-seconds perpetual calendar chronograph wristwatch. Circa 2018. Estimate: HK$1,170,000 – 2,340,000/ Price Achieved: HK$4,662,000 (US$600,932) – World record for the reference.

Harry Winston platinum tourbillon wristwatch with Remontoire d’Égalité, power reserve indication
Lot 808: Harry Winston Ref. 200/MTFPJ38P, a unique platinum tourbillon wristwatch with Remontoire d’Égalité, power reserve indication. Image Credit: Phillips.

Lot 808: Harry Winston Ref. 200/MTFPJ38P, a unique platinum tourbillon wristwatch with Remontoire d’Égalité, power reserve indication. Circa 2002. Estimate: HK$800,000 – 1,600,000/ Price Achieved: HK$3,654,000 (US$471,001).

Audemars Piguet Ref. 25554BA yellow gold perpetual calendar wristwatch with black dial
Lot 837: Audemars Piguet Ref. 25554BA yellow gold perpetual calendar wristwatch with black dial. Image Credit: Phillips.

Lot 837: Audemars Piguet Ref. 25554BA yellow gold perpetual calendar wristwatch with black dial. Circa 1986. Estimate: HK$780,000 – 1,560,000/ Price Achieved: HK$3,276,000 (US$422,276) – World record for a perpetual calendar Royal Oak.

F.P. Journe platinum tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds
Lot 848: F.P. Journe platinum tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds. Image Credit: Phillips.

Lot 848: F.P. Journe platinum tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds. Circa 2007. Estimate: HK$1,000,000 – 2,000,000/ Price Achieved HK$3,276,000 (US$422,276).

Audemars Piguet Ref. 25865BC.OO.1105BC.05 white gold minute repeating perpetual calendar split-seconds chronograph wristwatch
Lot 818: Audemars Piguet Ref. 25865BC.OO.1105BC.05 white gold minute repeating perpetual calendar split-seconds chronograph wristwatch. Image Credit: Phillips.

Lot 818: Audemars Piguet Ref. 25865BC.OO.1105BC.05 white gold minute repeating perpetual calendar split-seconds chronograph wristwatch. Circa 2008. Estimate: HK$1,950,000 – 3,500,000/ Price Achieved: HK$3,024,000 (US$389,794).

F.P. Journe Tourbillon Souverain complex pink gold tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds
Lot 1047: F.P. Journe Tourbillon Souverain complex pink gold tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds. Image Credit: Phillips.

Lot 1047: F.P. Journe Tourbillon Souverain complex pink gold tourbillon wristwatch with constant force remontoire, power reserve and dead beat seconds. Circa 2013. Estimate: HK$1,400,000 – 1,720,000/ Price Achieved: HK$3,024,000 US$389,794.

  • Lots sold: 311
  • Lots offered: 311
  • Sold by lot: 100%
  • Sold by value: 100%
  • Total: HK$191,239,320/ US$24,650,748