Phillips in Association with Bacs & Russo achieves record sales at The Geneva Watch Auction

Phillips in Association with Bacs & Russo achieved $ 43,074,538 in The Geneva Watch Auction: XVIII, doubling the pre-sale low estimate of CHF 19 million. The auction, held on November 3 and 4, saw watch aficionados participating from across 66 countries. The atmosphere in the saleroom at La Réserve Hotel was electric and brimming with enthusiasm, as over 650 collectors attended in person and over 1,500 bidders competed online on Phillips.com. Phillips sold three watches above the CHF 2 million mark, along with two others surpassing the CHF 1 million mark. The star lot of the sale was the Patek Philippe Nautilus model ref. 3700/1 in platinum, the only known example in this configuration, sold for a staggering CHF 2,540,500.