Phillips achieves CHF 25.8 million in The Geneva Watch Auction: NINE
Phillips in Association with Bacs &jRusso achieved a market leading sale result this weekend, as The Geneva Watch Auction: NINE realised CHF 25.8 millions ($25.5/€22.7). Held over two days, the auction surpassed its pre-sale high estimate, with many of the 216 lots flying well above their high estimates, including several record-breaking watches. With clients joining the auction from 73 countries around the world, Phillips saw record participation for any watch auction in company history. Almost 1,000 online bidders registered online, and almost 900 watch enthusiasts gathered in the saleroom over the two days. The star lot of the weekend was a magnificent and historically important pocket watch by George Daniels (lot 34), considered by many as the father of independent watchmaking, eventually selling for an impressive CHF 2.4 million ($2.4/€2.1), the highest result achieved by any watch sold at auction this weekend.