Phillips’ Hong Kong Watch Auction NINE realises US$ 18.8 million

Phillips in association with Bacs & Russo achieved HK$147 million (~US$18.8 million) during the Hong Kong Watch Auction: NINE. This marks a 33 per cent increase from the previous year. A total of 321 timepieces of the highest quality attracted collectors from 55 countries across 6 continents, including a record number of 880 online bidders. Exceptional results were achieved for Patek Philippe, with the reference 5002G-010 setting a world record price for a reference 5002, selling for HK$18,150,000 (~US$2,319,570). Other notable records include Rolex reference 6238, Patek Philippe reference 770 and 5976.