Phillips in Association with Bacs & Russo Hong Kong Watch Auction XV Results

The Hong Kong Watch Auction: XV held on 28 and 29 November 2022, achieved a total sale of over HK$182 million/ US$23 million, exceeding the pre-sale high estimate and bringing the annual total to HK$446 million/ US$57 million, the highest ever achieved by the Phillips Watch department in the region.

Lot 858 - Patek Philippe, Reference 2499 in yellow gold

The star lot of the sale was the Patek Philippe ref. 2499, which realised over HK$10 million/ US$1.3 million. Another highlight was the Patek Philippe ref. 2508, which sold for HK$756,000, eight times its pre-sale low estimate, showing the Asian market’s strong interest in vintage watches.

Phillips also offered a wide selection of rare creations from the independent watchmakers. The Philippe Dufour Simplicity white gold wristwatch achieved four times its pre-sale low estimate, and the Roger Smith Series 2 in pink gold was sold for three times its pre-sale low estimate.

Top 12 Lots of the Hong Kong Watch Auction: XV

(1) Lot 858: Patek Philippe, Ref. 2499, yellow gold perpetual calendar chronograph wristwatch. Circa 1953

  • Estimate: HK$7,800,000 – 15,600,000/ US$1,000,000-2,000,000
  • Price Achieved: HK$10,656,000/ US$1,363,968

(2) Lot 938: Patek Philippe, Ref. 5207/700P-001 platinum perpetual calendar minute repeating tourbillon wristwatch. Circa 2016

  • Estimate: HK$5,500,000 – 8,500,000/ US$705,000-1,090,000
  • Price Achieved: HK$6,905,000/ US$883,840

(3) Lot 975: Philippe Dufour, white gold wristwatch with small seconds. Circa 2007

  • Estimate: HK$1,600,000 – 3,200,000 / US$205,000-410,000
  • Price Achieved: HK$6,905,000/ US$883,840

(4) Lot 887: Patek Philippe, Ref. 5275P-001 limited edition platinum chiming wristwatch, made for the 175th anniversary of Patek Philippe. Circa 2015

  • Estimate: HK$3,000,000 – 5,000,000/ US$385,000 – 641,000
  • Price Achieved: HK$4,662,000/ US$596,736

(5) Lot 845: Roger Smith, Series 2 in pink gold. Circa 2011

  • Estimate: HK$1,500,000 – 2,500,000/ US$192,000-321,000
  • Price Achieved: HK$4,410,000/ US$564,480

(6) Lot 826: Patek Philippe, Ref. 5650G-001 limited edition white gold semi-skeletonized dual-time wristwatch, one of a limited edition of 500 pieces. Circa 2017

  • Estimate: HK$1,560,000 – 3,120,000/ US$200,000-400,000
  • Price Achieved: HK$3,780,000/ US$483,840

(7) Lot 1000: Patek Philippe, Ref. 5078P-010 platinum minute repeating wristwatch. Circa 2012

  • Estimate: HK$2,600,000 – 3,600,000/ US$333,000-462,000
  • Price Achieved: HK$3,780,000/ US$483,840

(8) Lot 915: Rolex, Ref. 6239 stainless steel chronograph wristwatch with “Paul Newman” dial. Circa 1967

  • Estimate: HK$2,800,000 – 3,800,000/US$359,000-487,000
  • Price Achieved: HK$3,402,000/ US$435,456

(9) Lot 894: Audemars Piguet, Ref. 26620IO.OO.D077CA.01, titanium semi-skeletonized flying tourbillon wristwatch, one of a limited edition of 250 pieces. Circa 2021

  • Estimate: HK$1,200,000 – 2,400,000/ US$154,000-308,000
  • Price Achieved: HK$3,024,000/ US$387,072

(10) Lot 841: F.P. Journe, Ref. T30, silver and pink gold limited edition tourbillon wristwatch with hinged caseback

  • Estimate: HK$1,180,000 – 2,400,000/ US$151,000-308,000
  • Price Achieved: HK$3,024,000/ US$387,072

(11) Lot 886: Patek Philippe, Ref. 5711/1P-001, limited edition platinum wristwatch made for the 40th Anniversary of the Nautilus. Circa 2017

  • Estimate: HK$1,500,000 – 3,000,000/ US$192,000-385,000
  • Price Achieved: HK$3,024,000/ US$387,072

(12) Lot 894: Audemars Piguet Ref. 26620IO.OO.D077CA.01, Titanium semi-skeletonized flying tourbillon wristwatch with hand-painted white gold Marvel Black Panther 3D figure, one of a limited edition of 250 pieces, Circa 2021

  • Estimate: HK$1,200,000 – 2,400,000/$154,000-308,000
  • Price Achieved: HK$3,024,000/ US$387,072

Total Sales

Total: HK$ 182,209,180/ US$23,322,775
Lots sold: 264
Lots offered: 264
Sold by lot: 100%
Sold by value: 100%