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The Hong Kong Watch Auction: XII

Considered one of the greatest timepieces ever made, the Patek Philippe Ref. 2499 is coveted among watch collectors, with some spending years to search for a fresh example to surface on the market. Leading the Hong Kong Watch Auction XII catalogue is such an example.

News and Results

  • 23

    23 September 2021

    Phillips in Association with Bacs & Russo Announces Additional Highlights from The Geneva Watch Auction: XIV Including a Previously Unknown and Fresh to the Market Patek Philippe Ref. 2499 First Series Retailed by Serpico y Laino

    The Sale Represents the Very Best in Watchmaking Spanning the 20th and 21st Centuries

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  • 14

    14 September 2021

    Phillips in Association with Bacs & Russo Announces an Important Highlight from the Fall Sale

    A Rolex “Deep Sea Special” to be Offered in The Geneva Watch Auction: XIV in November 2021

    Made in 1965, the Model has Never Before been Publicly Available for Purchase

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  • 6

    6 September 2021

    Phillips Asia Presents INTERSECT Online Auction of Contemporary Art, Jewels & Watches

    Open for bidding from 16 to 23 September, INTERSECT features 128 lots of tightly curated selection of contemporary artworks, alongside trendy timepieces and coveted jewels.

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News and Results

The Watches Department

Phillips in Association with Bacs & Russo is the watch department at Phillips auction house, dedicated exclusively to the world's finest collectors' watches. Launched in November 2014 by Aurel Bacs and his partner, Livia Russo, the department was established in response to the ever-increasing need for today's collectors to easily access scholarship, guidance and quality across the board. The team of specialists at Phillips Watches is dedicated to an uncompromised approach to quality, transparency and client service. With multiple world records, including for a Rolex wristwatch, vintage Patek Philippe wristwatch, and Omega wristwatch at auction, Phillips has become the undisputed worldwide market leader, and in 2019, the auction house opened Phillips PERPETUAL, a private treaty program with physical and digital storefronts that offers a highly curated selection of watches sold at fixed prices. In its first year PERPETUAL has achieved more than £5M in sales. 

1. Rolex reference 6239, Paul Newman's "Paul Newman" Rolex Daytona (US $17,752,500) – WINNING ICONS, in New York – 26 October 2017. Highest result ever achieved for a Rolex wristwatch.

2. Patek Philippe reference 1518 in stainless steel (11,002,000 CHF) – The Geneva Watch Auction FOUR – 12 November 2016. Highest result ever achieved for a Patek Phillipe wristwatch at auction.

3. Rolex "Bao Dai" reference 6062 (5,066,000 CHF) – The Geneva Watch Auction: FIVE – 14 May 2017.

4. Patek Philippe ref. 2523 in pink gold (3,722,000 CHF) – The Geneva Watch Auction: XII – Nov 6-7 2020. Highest result ever achieved for a watch sold to an online bidder

5. Omega "Tourbillon 30 I" prototype (1,428,500 CHF) – The Geneva Watch Auction: SIX – 12 November 2017. Highest result ever achieved for an Omega at auction.

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