Phillips achieves the most successful various owner watches auction

Phillips in association with Bacs & Russo achieved the most successful various owner watches auction in Asia with 100% sell-through rates. The Hong Kong Watch Auction: XIV realised $33.6 million, marking the highest-ever total for the category staged by Phillips Asia. A Possibly Unique Patek Philippe Ref. 3974 in Yellow Gold sold for $2.5M, setting a world record for the reference. Held over two days on May 27-28 at the JW Marriott Hotel, the sale far exceeded its pre-sale estimate, marking the highest-ever total for a various owner watches sale in Asia and the highest-ever total for the category at Phillips Asia.