Phillips in Association with Bacs & Russo announces a historical and record-breaking sale, which realised a total of CHF 32,614,375, the highest result this auction season and in the last decade.
established a new world record for any Rolex ever sold at auction, achieving CHF 5,066,000. With five watches selling for above CHF 1 million, the Geneva Watch Auction: FIVE saw nearly 500 online bidders competing with over 400 bidders in the room and hundreds of phone bidders. A total of 220 watches realised CHF 32,614,375 ($32,578,499 / €29,806,277) against a pre-sale estimate of CHF 15.8 to 29.2 million, selling 94% by lot and 98% by value.
Rolex “Bao Dai” reference 6062 © Phillips
The gold Rolex Oyster Paul Newman Daytona, with creamy lemon-colored dial, achieved a world record price of CHF 3,722,000 – the highest price ever realised for a Rolex Daytona. Described in literature as “The Legend” and one of only three known, it is the rarest variant of all Rolex “Paul Newman” Daytona models.
Rolex Oyster Paul Newman Daytona © Phillips
All historical names including Audemars Piguet, Vacheron Constantin, Heuer, Omega, Longines and A. Lange & Söhne sold well above their presale estimates.
Other world records include the highest price achieved for a steel Rolex reference 6062 triple calendar with moonphase, and the highest price achieved for a Patek Philippe reference 2499 2nd series in yellow gold.
Phillips in Association with Bacs & Russo will present Hong Kong Watch Auction: FOUR in Hong Kong on 30 May 2017, featuring a selection of rare and exceptional collector timepieces including 43 watches from the Laurent Picciotto collection of contemporary watches.