Time Is Gold: Largest Auction Houses Sell Combined $40M Worth Of Watches To Set American Record - The Scene

Time is money. Millions, in fact.

Phillips, Sotheby’s, and Christie’s have sold a combined $39.88 million worth of watches in one weekend in New York.

READ ALSO: Sunken Treasure: Titanic Watch Sells For Over $100,000 At Auction

Phillips in Association with Bacs & Russo is the leading watch auctioneer, realizing $21.1 million in sales.

Specifically, “The New York Watch Auction: SEVEN” brought the annual total for Phillip’s New York watch auctions to $51.5 million. This is a world record for the Americas.

Furthermore, the sale marked two consecutive years that Phillips Watches sold everything 100 percent. They claimed that this is a first for any auction house in history.

Timepieces by F.P.Journe performed exceptionally and universally. In particular, the Tourbillon Souverain in platinum with pink gold dial led at $1.24 million, more than quadrupling its estimate.

“This carefully curated auction demonstrated the uninterrupted global appeal of rare, hand-selected watches that are considered an asset class,” Americas head of watches Paul Boutros and New York head of sale Isabella Proia jointly said.

Banner Photo by Phillips via website.

Shop for LIFESTYLE ASIA’S magazines through these platforms.
Download LIFESTYLE ASIA’s digital magazines from:
Subscribe via [email protected]