Last night May 10th, 2015 at the long awaited inaugural Phillips Watches Auction One held in Geneva, a new historical record was set by a stainless steel Patek Philippe Monopusher Chronograph ref. 130 Doctor's Watch selling for $4,645,00 Millions Swiss Francs —buyer's premium included. Yes ladies and gentleman, this is not a typo, this watch from 1927 sold short of $5 Million USD at today's exchange rate of $1.07 USD per CHF 1. Last night, this watch set many records including the most expensive chronograph ever sold at auction and a new high for any stainless steel wristwatch sold at auction. While many watch collectors feel that the sky is the limit when it comes to owning a piece of history or a rare vintage watch like this, we think that it's finally time for watch collectors to spend some time analyzing why this is happening.
Posts tagged #Aurel Bacs
News: The Inaugural Phillips Watches Auctions Sell $31.8 Million USD. Setting World Records with Four Watches Over One Million USD Each.
The inaugural watch auctions held by Phillips, in association with Aurel Bacs and Livia Russo, on May 9th and 10th, 2015 realized a combined total of $29,649,363 Swiss Francs —$31,834,734 USD— selling 97% by lot. The auctions sold four watches for over $1 million and established multiple records including for any stainless steel wristwatch, for any Rolex sold at auction and for any Rolex Day-Date. The top lot was an extremely rare Patek Philippe single button doctor’s chronograph in stainless steel with a superbly aged off-white silvered dial, highlighted by a pulsations scale and a sector design. At the auction on Sunday May 10th, after 21 minutes of bidding between clients from 4 continents, it eventually sold to an anonymous bidder on the telephone for $4,645,000 Swiss Francs —$4,987,383 USD— more than doubling its low estimate of $1-2 million Swiss Francs and setting a new record price for any stainless steel wristwatch sold at auction.
