Watches
INSIGHT SECOND MARKET: Phillips achieves 92 million francs in Geneva
All 217 lots sold: the Phillips results in Geneva and a look at the key watches in the New York December catalogue.
At a Glance
- Phillips achieved 92.045.568 Swiss francs at the Geneva Watch Auction XXIV, selling all 217 lots on offer.
- The F. P. Journe Tourbillon Souverain created for the 50th anniversary of Sincere Fine Watches features a black mother-of-pearl dial and is one of five examples.
- For collectors of unique pieces: TimeForArt offers 26 lots without reserve in New York on 5 December, with proceeds benefiting the Swiss Institute.
Phillips achieved 92.045.568 Swiss francs at the Geneva Watch Auction XXIV on 7 and 8 November. All 217 lots on offer were sold. According to Phillips, this was the first live watch auction to surpass 100 million US dollars. In New York, attention is already turning to December: the full catalogue for 5 and 6 December is now available.
Geneva: F. P. Journe leads, Cartier sets a record
The highest result at the Geneva auction went to the F. P. Journe Chronomètre à Résonance “Régence” in platinum: 8.680.500 CHF. The Patek-Philippe split-seconds chronograph Ref. 1436 in stainless steel achieved 6.267.000 CHF. A total of 17 timepieces exceeded the million-franc mark.
A table clock also ranked among the leading lots: Cartier’s Portico Mystery Clock No. 4 achieved 4.815.000 CHF. According to Phillips, this is a new auction record for a Cartier timepiece. The results complement our preview of the Geneva auction.
New York: Two rare tourbillons by F. P. Journe
The Tourbillon Souverain “Souscription” Nr. 13 is one of the first 20 watches with which F. P. Journe financed the launch of his brand in 1999. The second Tourbillon Souverain was created in an edition of five for the 50th anniversary of Sincere Fine Watches and features a black mother-of-pearl dial. Phillips estimates each lot at more than one million US dollars.
Among the Patek Philippe offerings, the Ref. 1518 stands out: a chronograph with a perpetual calendar. Its estimate ranges from 500.000 to one million US dollars. According to Phillips, the low estimates across the entire New York catalogue total more than 25 million US dollars.
TimeForArt also takes place in New York on 5 December. The 26 unique pieces are offered without reserve. Proceeds benefit the Swiss Institute. Lots include a Chronomètre Artisans by Simon Brette with an enamel dial by Anita Porchet and the Pearl Buoy by Maurice Lacroix and Ficus Interfaith.
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