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Geneva: Phillips Auction Shatters All-Time Record in Sales

Phillips achieved a total of $74,488,836 in its recent Geneva Watch Auction: XIV

Phillips in association with Bacs & Russo achieved a total of $74,488,836 in the Geneva Watch Auction: XIV (November 5 and 7) – “the highest ever total for a watch sale in auction history,” Rough & Polished reports.

 

Philippe Dufour record diamond Watch
Credit: Philippe Dufour

 

The top 12 lots all surpassed the CHF 1 million mark. The most was achieved by the Philippe Dufour Grande et Petite Sonnerie wristwatch n°1 in yellow gold, which sold for CHF 4.75 million (around $5.15 million) – a new world record price for any Philippe Dufour watch sold at auction as well as any watch made by an independent watchmaker.

 

Swiss luxury diamond watches
Credit: Creative Lab / shutterstock.com

 

Another highlight lot was a 1957 Omega watch. The stainless steel Speedmaster Broad Arrow Ref. 2915-1 sold for $3.4 million – 30 times its high estimate, according to IDEX Online. The watch promptly became the most expensive Omega ever sold at auction.



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