Posts filed under Watch Auctions

Breaking News: Patek Philippe ref. 1518 in Stainless Steel Sells for $11 Million USD at the Phillips Watches Auction FOUR in Geneva

Breaking all records ever set at auction for a wristwatch, the ultra rare and legendary Patek Philippe ref. 1518 in stainless steel just sold today November 12th, 2016 for CHF9.6 Million Swiss Francs plus 12% buyer's premium —totaling CHF10,752,000 Swiss Francs, roughly $11 Million USD— at the Phillips Auction FOUR at the Hôtel La Réserve in Genève. What makes the Patek Philippe ref. 1518 so special, is the fact that it is the world’s first perpetual calendar chronograph produced in series and only 281 examples of it were ever produced.

Breaking News: Rolex Daytona 'Paul Newman Panda' ref. 6263 with Tiffany Dial Sells for 804,000 Swiss Francs at the Phillips Watches Auction FOUR in Geneva

Today, November 12th, 2016 in Genève, Switzerland at the Hôtel La Réserve, a Rolex Daytona 'Paul Newman Panda' ref. 6263 —Lot 30— sold for CHF670,000 Swiss Francs plus 20% buyer's premium —totaling 804,000 Swiss Francs— at the Geneva Watch Auction FOUR by Phillips in Association with Bacs & Russo.

Insider: Ten Lots to Follow Very Closely at the Phillips Geneva Watch Auction FOUR this Weekend. Here are Our Live Pictures for Your Viewing Pleasure.

This weekend November 12th and 13th, 2016, Phillips in Association with Bacs & Russo will be hosting their Geneva Watch Auction FOUR at the Hôtel La Réserve in Genève. With a total of 196 lots offered for sale, the auction will be divided in two sessions commencing tomorrow Saturday November 12th at 6pm —Genève time GMT +1. Session One will feature the first 100 lots, while Session Two on November 13th at 6pm —Genève time GMT +1— will feature lots 101 through 196.

Insider: Patek Philippe ref. 1518 in Stainless Steel to be Auctioned at the Phillips Auction FOUR. Hands-on with the 'Once in a Lifetime Opportunity' Timepiece.

A few weeks ago we brought you the news about the upcoming Phillips Auction FOUR Taking place on November 12th and 13th of this year at Hôtel La Réserve in Genève. Today, we bring you our special coverage with our usual live pictures of three lots that for sure will be record-breaking. These three exceptional Patek Philippe ref. 1518 Perpetual Calendar Chronographs in stainless steel, rose gold and yellow gold are unlike any other watches we've seen at auction lately.

News: Phillips Presents its Geneva Watch Auction FOUR. The Highlights Including Three Pateks ref. 1518.

Following the record-breaking Spring season which established Phillips as the global market leader in watch auctions, Phillips in Association with Bacs & Russo is delighted to announce a double evening sale dedicated once again to the world’s finest collectible timepieces. Taking place on November 12th and 13th of this year at Hôtel La Réserve in Genève, highlights from the sale will be on exhibition in Hong Kong —Oct. 1-5—, New York —Oct. 13-17— and London —Oct. 22-24— prior to the pre-sale exhibition in Genève beginning on November 10th, 2016.

News: Vintage Rolex GMT Master ref. 6542 Sells for $350K USD at Phillips Watch Auction THREE. Setting a New World Record for Any GMT Master Ever Sold at Auction.

Setting a new world record for any Rolex GMT Master ever sold at auction, this rare Rolex GMT Master ref. 6542 in 18K yellow gold sold for CHF 341,000 Swiss Francs —including Buyer's premium—, approximately $350,000 USD. Not only this watch is one of the most well preserved and most complete sets out there, but it also features a very unique bronze hue dial.

Special Report: Six Watches Bring $6.6 Million USD at the Phillips Watches Auction THREE in Geneva.

This past Sunday May 15th 2016, at the Phillips Watches Auction THREE that took place at the Hotel La Réserve in Geneva, six lots brought close to CHF 6.5 Million Swiss Francs —approximately $6.6 Million USD. Among the heavy hitters of the night, we found most of our picks we brought you here a few weeks ago. This six watches bringing crazy money, are separate from those at the Phillips Start-Stop-Reset auction that took place the night before and which we brought you here.

Breaking News: Ultra Rare Rolex Daytona ref. 6239 'The Doctor' with Blue Pulsations Dial Sells for 900,000 Swiss Francs at the Phillips Watch Auction.

One of the main highlights of the Start-Stop-Reset Phillips watchauction was lot number 88, an ultra rare Rolex Daytona ref. 6239 nicknamed 'The Doctor' with pulsations dial. This watch, expected to surpass its original estimate of CHF 350,000-700,000 Swiss Francs, just sold for 900,000 Swiss Francs at the Phillips Watch Auction that took place at the Hotel La Réserve in Geneva on May 14, 2016. 

Breaking News: Rolex Split Seconds ref. 4113 Sells for Two Million Swiss Francs at the Phillips Start-Stop-Reset Watch Auction in Geneva. A New World Record for Any Rolex Ever Sold at Auction.

Breaking any previous records set at any watch auction including the world record just set less than 45 minutes ago by Lot 31 a super rare Rolex Daytona Paul Newman Tropical Oyster Sotto —selling for CHF 1,650,000 Swiss Francs at the Phillips Watches Start-Stop-Reset auction in Geneva—, lot 56 another ultra rare watch from Rolex just set a new world record selling for CHF 2,000,000 Swiss Francs at the auction taking place at La Resérve in Geneva on May 14th, 2016.

News: Patek Philippe ref. 530 Oversize Chronograph from 1942 Sells for 680,000 Swiss Francs at the Phillips Watch Auction

Another one of our picks and a favorite at the Phillips Watches Auction in Geneva, Lot 69 a rare and stunning Patek Philippe ref. 530 Oversize Chronograph from 1942 just sold for CHF 680,000 Swiss Francs. With an original estimate of 500,000-1,000,000 Swiss Francs, this safe queen is another one of the most expensive Patek Philippe wristwatches ever sold at auction.

Experience: Some of Our Picks from the Phillips Watch Auction THREE. Live Pictures of Nine Exceptionally Rare Lots.

Last spring, the international team of Phillips in Association with Bacs & Russo consisted of only nine people. Today, only a year later, their team around the world has almost doubled and grown to 17. Thus far, Phillips Watches sales exceed $80 Million USD and have set price records for different watches including the Patek Philippe Split Seconds chronograph ref. 1436 that sold for $3.301 Million Swiss Francs as we reported it here, the Patek Philippe Monopusher Chronograph ref. 130 Doctor's Watch selling for $4.645 Million Swiss Francs as we reported it here and of course the privilege to bring down the gavel on what is today the world’s most valuable wristwatch ever sold —not only at auction—, we are talking about the Patek Philippe reference 5016A selling for $7.3 Million Swiss Francs as we reported here.

Experience: Our Picks from the Upcoming START-STOP-RESET Phillips Watches Auction. Live Pictures of Exceptionally Rare Stainless Steel Chronographs.

A meeting with Paul Boutros at Phillips Watches is always a real treat and a thrilling experience. Phillips in Association with Bacs & Russo will be conducting their Geneva Watch Auction Three next month in Geneva at the Hotel La Réserve. After two very successful auctions last year, their third auction will take place on May 14th and May 15th. The auction will kick-off with the START-STOP-RESET watch auction, a very special auction dedicated to 88 epic stainless steel chronographs.

News: James Bond's Rolex Submariner ref. 5513 from 1972 Sells for $365,000 USD at Phillips Auction Two. Live and Let Die.

Yesterday November 8th, 2015 in Geneva at the Phillips Watches Auction Number Two in partnership with Bacs & Russo, the Rolex Submariner ref. 5513 worn by Sir Roger Moore as James Bond, sold for $365,000 USD. The most recognizable watch in history with 1 billion people having watched the film “Live and Let Die”, the wristwatch worn on the wrist of Sir Roger Moore as James Bond is in fact a Rolex Submariner reference 5513 made in 1972, and was later modified for the movie. The present Rolex reference 5513 “Q” is the most unforgettable watch prop used in a movie and is even signed inside the caseback “Roger Moore 007”. As a highlight in the most iconic scenes of “Live and Let Die”, this watch is sure to interest both watch collectors and true fans of cinematography alike.

News: Vintage Patek Philippe Split Seconds Chronograph ref. 1436 Sells for $3.29 Million USD. One of Two Examples Known to Exist.

Yesterday November 8th, 2015 in Geneva at the Phillips Watches Auction Number Two in partnership with Bacs & Russo, another vintage Patek Philippe wristwatch sets a record at auction. Selling for $3.301 Million Swiss Francs —roughly $3.291 Million USD at today's exchange rate—, the Patek Philippe Split Seconds chronograph ref. 1436 makes history. With only two examples in stainless steel that are known to exist, this watch is far from the norm where the elite of watch manufacturers would reserve their most complicated and consequently valuable movements for precious metal cases. The consequence is, however, that lovers and collectors of the finest complicated vintage wristwatches will struggle to ever find a favorite piece in a stainless steel case. The perfect example of this theory is Patek Philippe, and only too many passionate collectors of the firm’s vintage pieces regret not to have yet seen a reference 2499, two crown world time, or vintage minute repeater in a stainless steel case.

News: ONLY Watch Auction Brings Crazy Money in Geneva. A Patek Philippe ref. 5016A Sells for $7.3 Million Swiss Francs.

With the proceeds from the sale donated to the Monegasque Association against Muscular Dystrophy in order to help finance research for Duchenne Muscular Dystrophy, a degenerative neuromuscular disease affecting 1 in 3,500 boys, therefore 250,000 children, adolescents, and young adults around the world, the ONLY Watch auction executed by Phillips this afternoon in Geneva, brought crazy money. Some of the highlights of the auction include a Patek Philippe ref. 5016A selling for more than $7.3 Million Swiss Francs, a Richard Mille RM 27-02 prototype worn by Rafael Nadal sold for $650,000 Swiss Francs, an F.P. Journe Tourbillon Souverain Bleu selling for $550,000 Swiss Francs, the long awaited Tudor Black Bay One for $375,000 Swiss Francs, a Hublot Classic Fussion Only Watch Britto for $135,000 Swiss Francs, a Louis Vuitton Escale World Time selling for $130,000 Swiss Francs, the Bell & Ross BR01 Skull Bronze Tourbillon bringing in $100,000 Swiss Francs and lastly the Breguet Type XXI Flyback in Platinum ref. 3813 for $90,000 Swiss Francs. Of all 44 lots, this eight lots brought in the most money.

News: The Tudor Heritage Black Bay One Sells for 375,000 Swiss Francs at the 2015 ONLY Watch Auction by Phillips.

For its first participation in the 6th ONLY Watch charity auction to take place on November this year, Tudor has decided to reinterpret one of the least known tool-watches in its history: reference 7923. Launched in the mid-1950s and produced in tiny quantities, this is the brand’s only divers’ watch to have been equipped with a hand-wound movement. It also stands out from the other divers’ watches produced by Tudor with its baton-type hands. Highly sought after by collectors today, this rare reference was an excellent starting point for the creation of a one-off model destined for this unique initiative. The Tudor Heritage Black Bay One created for this auction mixes the best of both worlds —vintage and modern— in a flawless execution. This unique piece Tudor Heritage Black Bay One created for Only Watch 2015 is part of Tudor's heritage inspired approach, reinterpreting the reference 7923 with enlightened freedom.

News: Patek Phillipe Monopusher Chronograph ref. 130 in Stainless Steel from 1927 Sells for $4.6 Million Swiss Francs. How is this possible?

Last night May 10th, 2015 at the long awaited inaugural Phillips Watches Auction One held in Geneva, a new historical record was set by a stainless steel Patek Philippe Monopusher Chronograph ref. 130 Doctor's Watch selling for $4,645,00 Millions Swiss Francs —buyer's premium included. Yes ladies and gentleman, this is not a typo, this watch from 1927 sold short of $5 Million USD at today's exchange rate of $1.07 USD per CHF 1. Last night, this watch set many records including the most expensive chronograph ever sold at auction and a new high for any stainless steel wristwatch sold at auction. While many watch collectors feel that the sky is the limit when it comes to owning a piece of history or a rare vintage watch like this, we think that it's finally time for watch collectors to spend some time analyzing why this is happening.

News: The Inaugural Phillips Watches Auctions Sell $31.8 Million USD. Setting World Records with Four Watches Over One Million USD Each.

The inaugural watch auctions held by Phillips, in association with Aurel Bacs and Livia Russo, on May 9th and 10th, 2015 realized a combined total of $29,649,363 Swiss Francs —$31,834,734 USD— selling 97% by lot. The auctions sold four watches for over $1 million and established multiple records including for any stainless steel wristwatch, for any Rolex sold at auction and for any Rolex Day-Date. The top lot was an extremely rare Patek Philippe single button doctor’s chronograph in stainless steel with a superbly aged off-white silvered dial, highlighted by a pulsations scale and a sector design. At the auction on Sunday May 10th, after 21 minutes of bidding between clients from 4 continents, it eventually sold to an anonymous bidder on the telephone for $4,645,000 Swiss Francs —$4,987,383 USD— more than doubling its low estimate of $1-2 million Swiss Francs and setting a new record price for any stainless steel wristwatch sold at auction.

Posted on May 11, 2015 and filed under News, Watch Auctions.

News: The Patek Philippe Henry Graves Jr. Supercomplication Sells for 20.6 Million Swiss Francs at Sotheby's in Geneva. Making History Once Again.

The most complicated and expensive watch in the world, the Patek Philippe Henry Graves Jr. Supercomplication started in 1925 and completed in 1932 has fetched the amount of 20.6 Million Swiss Francs at Sotheby's in Geneva just minutes ago.

This exceptional timepiece is a gold, double dial and double open-faced, minute repeating clockwatch with Westminster chimes, grande and petite sonnerie, split seconds chronograph, registers for 60-minutes and 12-hours, perpetual calendar accurate to the year 2100, moon-phases, equation of time, dual power reserve for striking and going trains, mean and sidereal time, central alarm, indications for times of sunrise/sunset and a celestial chart for the night time sky of New York City at 40 degrees 41.0 minutes North latitude.

News: Rare and Historical Panerai ref. 6152/1 Luminor Sells for 425,000 Swiss Francs at Sotheby's Important Watches Auction in Geneva.

Today May 14, 2014 Sotheby's Important Watches Auction took place in Geneva. While this auction didn't bring as much attention and high bidders as the Christie's auction two days ago, some interesting selling activity took place.

We do have to say, that we are quite surprised that many very interesting lots did not sell and those lots that were expected to fetch very high amounts, ended up realizing mediocre amounts under the low estimate or right in the middle.

Posted on May 14, 2014 and filed under Panerai, News, Sotheby's, Watch Auctions.