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You are here: Home1 / Watch Brands & Horology2 / Auctions3 / Phillips’ Inaugural One Auction: So How Did Watches By Patek Philippe, B...

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Phillips’ Inaugural One Auction: So How Did Watches By Patek Philippe, Blancpain, Rolex, And Longines Do?

by Simon Cudd

The very solid and spacious tent on the grounds of the La Reserve hotel in Geneva on May 10, 2015 turned out to be a very special time and place.

It saw the amazing array of watches from the world’s most prestigious watch brands go under the hammer for the inaugural Phillips Watches auction in association with Bacs & Russo.

I recently touched on a few important pieces featured in the auction that grabbed my attention and seemed worthy of discussing and – even more importantly for me – photographing and even trying on. Please see Phillips’ Inaugural One Auction Preview Featuring Rolex, Patek Philippe, Blancpain, Longines And More.

Let’s have a look at how a few of the pieces did at this premier event, which was presided over by auction guru Aurel Bacs.

Patek Philippe monopusher Reference 130 from 1927 sold for double its estimate at 4 million Swiss francs plus commission

Patek Philippe monopusher Reference 130 from 1927 sold for double its estimate at 4 million Swiss francs plus commission

The stainless steel Patek Philippe monopusher chronograph Reference 130 from 1927 estimated at 1-2 million Swiss francs ended up selling for double that at CHF 4,000,000 plus commissions in just 21 minutes.

The Rolex Cosmograph Daytona Reference 6263 “Albino” from 1971 once owned by Eric Clapton achieved a sale price of 1,325,000 Swiss francs

The Rolex Cosmograph Daytona Reference 6263 “Albino” from 1971 once owned by Eric Clapton achieved a sale price of 1,325,000 Swiss francs

It is also no surprise that the “Albino” Rolex Cosmograph Daytona Reference 6263 from 1971 once owned by Eric Clapton went way over its estimate and achieved a sale price of 1,325,000 Swiss francs.

In fact, both the Rolex and Patek Philippe watches described above broke existing world auction records: one as the most expensive Rolex ever sold, and the other as the most expensive stainless steel watch ever sold at auction. For more on that, see Steel Patek Philippe And Eric Clapton’s Rolex Daytona 6263 Oyster Albino Smash World Auction Records.

This 1954 Blancpain Aqua-Lung hammered for 40,000 Swiss francs in the Phillips Geneva Watch Auction: One

This 1954 Blancpain Aqua-Lung hammered for 40,000 Swiss francs in the Phillips Geneva Watch Auction: One

This beautiful Blancpain Aqua-Lung from 1954 sold for 40,000 Swiss francs. Its pre-auction estimate was 30,000 on the high end.

This 1931 Longines Lindbergh Hour Angle from 1931 sold for 143,000 Swiss francs

This 1931 Longines Lindbergh Hour Angle from 1931 sold for 143,000 Swiss francs

The rare and important Longines Lindbergh Hour Angle from 1931 sold for 143,000 Swiss francs, almost doubling its pre-auction estimate.

This Rolex “T Dial” Milsub Submariner Reference 5513 from 1975 sold for 87,500 Swiss francs

This Rolex “T Dial” Milsub Submariner Reference 5513 from 1975 sold for 87,500 Swiss francs

The Rolex Reference 5513 “T-Dial” Milsub Submariner with its brilliant patina topped out at 87,500 Swiss francs.

I spoke with Kate Lacey, watch specialist at Phillips, who was there to witness both this auction and the very successful Glamorous Day-Date auction over the same weekend, “Aurel [Bacs], Livia [Russo], and the team are literally amazing to watch. I don’t think they paused once, but didn’t stop smiling and supporting one another the whole time.”

This Longines NO-MAG Reference 21391 from 1942 sold for 50,000 Swiss francs,

This Longines NO-MAG Reference 21391 from 1942 sold for 50,000 Swiss francs (image courtesy Phillips Auctions)

Vintage Longines in steel may be something to watch out for in the future: lot 83, a 1969 steel Reference 5982 sold for twice its estimate of 15,000 Swiss francs, and a NO-MAG Reference 21391 from 1942 sold for 50,000 Swiss francs, also doubling its estimate. “These illustrate the strong collector demand for outstanding vintage Longines watches,” Lacey continued.

“Some of these little watches in immaculate shape even eclipsed the fairly steady Rolex sports watches. Buyers want things in near-perfect to perfect condition and were prepared to pay a lot of money for them. They are looking at other interesting pieces to add to their collections, rather than just going for the usually fairly dominant and ubiquitous Rolex or Patek Philippe.”

On reflection, it feels great knowing that I experienced some of these important timepieces before they went to their new homes as I’m sure it will be a while before I see such horological importance again.

To see the entire auction summary and resulting prices, please visit www.phillips.com/auctions/auction/CH080215.

2 replies

Trackbacks & Pingbacks

  1. Eleven Regal Timepieces From Patek Philippe’s Grand Exhibition At London’s Saatchi Gallery | Quill & Pad says:
    June 4, 2017 at 6:28 pm

    […] Naturally I also immensely enjoyed seeing the Reference 130 wrist chronograph with pulsometer that twinned with one that recently sold for 4 million Swiss francs at The Geneva Watch Auction: One by Phillips in Geneva. For more on that please read Phillips’ Inaugural One Auction: So How Did Watches By Patek Philippe, Blancpain, Rolex, And Longi… […]

    Reply
  2. Heartbeat: 1880 Louis Audemars Minute Repeater, Perpetual Calendar, And Chronograph | Quill & Pad says:
    May 31, 2016 at 10:35 pm

    […] more on this big watch auction weekend, please see: Phillips’ Inaugural One Auction: So How Did Watches By Patek Philippe, Blancpain, Rolex, And Longi… Audemars Piguet Minute Repeater Wristwatch Reference 5528 From 1885 Has Feminine […]

    Reply

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