Phillips in association with Bacs & Russo achieves $23 million in Hong Kong auction

Phillips in Association with Bacs & Russo achieved US$23 million for The Hong Kong Watch Auction: XV, exceeding the pre-sale high estimate and bringing the annual total to US$57 million, the highest ever achieved by the Phillips Watch department in the region. The star lot was the Patek Philippe ref. 2499, which realised over US$1.3 million. Another highlight was the Patek Philippe ref. 2508, which sold for US$97,220, eight times its pre-sale low estimate. Strong prices were achieved for a Philippe Dufour Simplicity white gold wristwatch, which sold for four times its pre-sale low estimate, and the Roger Smith Series 2 in pink gold, which sold for three times its pre-sale low estimate. Nearly 1,600 collectors from across 65 countries participated over the two days.