Phillips in Association with Bacs & Russo New York Watch Auction (11-12 December 2021) – Results

Phillips in Association with Bacs & Russo’s 2021 New York Watch Auction realized $35.9 million, selling 100% by lot and 100% by value, marking the most successful Watch auction in US history.

This concludes a 100% sold year for Phillips Watches – a first for any auction house in history. It was also the most successful year ever for the department – bringing the annual total to $209.3 million, marking the first time this sale total has been reached by any auction house, which also marks an 89% increase over 2019.

Patek Philippe Ref. 5711 Nautilus with Tiffany Blue® Dial
Patek Philippe Ref. 5711 Nautilus with Tiffany Blue® Dial @ Patek Philippe/Phillips

Leading the auction was the very first Patek Philippe Nautilus ref. 5711 with Tiffany Blue® dial, which realized $6.5 million, making it the highest value watch to sell online at any auction house and the most expensive lot to sell online across all categories at Phillips. 100% of the proceeds will be donated to The Nature Conservancy.

Top Ten Lots

Lot 1T: Patek Philippe, Ref. 5711/1A-018, An historic, highly important, and brand-new stainless steel wristwatch with “Tiffany Blue” lacquer dial, date and bracelet, with certificate of origin and presentation box, with proceeds benefitting The Nature Conservancy, 2021.

  • Estimate: in Excess of $50,000
  • Price Achieved: $6,503,500/ £4,902,143/€5,746,232

Lot 102: George Daniels, A spectacular and historically important yellow gold twin barrel one minute tourbillon pocket watch with Earnshaw spring detent chronometer escapement and retrograde hour hand, with handwritten George Daniels letter, presentation box, and double-ended key, handmade for Edward Hornby, 1971.

  • Estimate: $600,000 – 1,200,000
  • Price Achieved: $1,663,500/ £1,253,481/€1,470,168

Lot 41: Rolex Ref. 6241, A highly important, very rare, and exceptional yellow gold chronograph wristwatch with Paul Newman ‘John Player Special’ dial and bracelet, Circa 1969.

  • Estimate: $600,000 – 1,200,000
  • Price Achieved: $1,240,000/ £934,365/€1,095,887

Lot 95: Richard Mille, Ref. RM022 AM CA, A very rare and highly attractive limited edition skeletonized carbon dual time tourbillon wristwatch with torque, power reserve and function indicators, with Certificate of Authenticity, and presentation box, 2012.

  • Estimate: $250,000 – 500,000
  • Price Achieved: $1,179,500/ £888,777/€1,042,419

Lot 39: Rolex, Ref. 6241 A spectacular, very well-preserved, and unprecedented 14K yellow gold chronograph wristwatch with champagne Paul Newman exotic dial, Circa 1968.

  • Estimate: $250,000 – 500,000
  • Price Achieved: $756,000/ £569,661/€668,138

Lot 101: Roger Smith, An exceptional, important, and extremely rare pink gold wristwatch with subsidiary seconds, co-axial escapement, and engine-turned dial, numbered 1, accompanied by original certificate and presentation box, 2018.

  • Estimate: $120,000 – 240,000
  • Price Achieved: $730,800/£550,672/€645,866 (world auction record for the maker)

Lot 154: F.P. Journe, An extremely rare and beautiful limited edition pink gold tourbillon wristwatch with black mother-of-pearl dial, constant force remontoire, power reserve, dead beat seconds, certificate of authenticity, and presentation box, 2005.

  • Estimate: $150,000 – 300,000
  • Price Achieved: $718,200/ £541,178/€634,731

Lot 165: Rolex, Ref. 6239; inside caseback stamped 6239, A previously unknown, extremely rare, and highly important stainless steel chronograph wristwatch with blue pulsation dial, tachymeter bezel, and bracelet, Circa 1967.

  • Estimate: $350,000 – 700,000
  • Price Achieved: $693,000/ £522,189/€612,460

Lot 138: Omega, Ref. 145.012-67 SP, A culturally and historically important stainless steel chronograph wristwatch with tachymeter bezel and bracelet, formerly owned by Ralph W. Ellison, 1968.

  • Estimate: $10,000 – 20,000
  • Price Achieved: $667,800/ £503,201/€590,188 (world auction record for the reference)

Lot 69: Audemars Piguet, Ref. 25902OR.OO.1110OR.01 A very fine and extremely rare pink gold skeletonized tourbillon wristwatch with power reserve, date indicator, integrated bracelet, certificate, and presentation box, sold to benefit The One Drop Foundation, 2010.

  • Estimate: $60,000 – 120,000
  • Price Achieved: $630,000/ £474,718/€556,781

Summary

  • Lots Offered: 165
  • Lots Sold: 165
  • Sold by Lot: 100%
  • Sold by Value: 100%
  • Sale Total: $35,919,052/ £27,065,724/ €31,744,540