The pre-owned watch market is on fire. The Geneva watch auctions for Phillips, Sotheby's, and Christie's raked in a whopping $108 million. 🔥 luxurywatches watchcollectors
Phillips in Association with Bacs & Russo’s Geneva Watch Auction XVII totaled $52,488,707, with all lots sold. Two watches went above the $3 million mark, and a record was set for a gem-set Rolex Daytona: the Ref. 6270 “The End Game,” in yellow gold with a pavé diamond dial, sapphire indexes, and baguette diamond bezel sold for $4,105,853. The second-and third-highest lots were both rare
Ref. 2499 perpetual calendar chronographs—a perennially sought-after model among high-level collectors. A second-series model in pink gold sold for $3,261,784, and a first-series in yellow gold sold for $2,624,859.watch produced by Pierre Biver and his father, industry legend Jean-Claude Biver, sold for $1,413,129. The watch, a Tourbillon Minute Repeater Carillon in Titanium with a silvered obsidian dial, is a prototype launched in March for the new brand.
The takeaways? The usual suspects remained supreme, while F.P. Journe continues to exert its dominance on the secondary market to keep pace with Rolex and Patek Philippe. The Milgauss final hammer price indicates there may be some more upward trajectory for the recently discontinued model. The Patek Philippe x Tiffany Nautilus is coming down in price but not falling below seven figures, suggesting it will continue to be a legend found on very few wrists.
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