Watches

Phillips’ Geneva Watch Auction Was a White Glove Sale

WatchesMay 11, 2022

Phillips’ Geneva Watch Auction Was a White Glove Sale

It included watches once owned by human rights advocate Simon Wiesenthal and musician Eric Clapton, both selling for more than $1 million.

Phillips’ recent Geneva watch auction totaled $39.4 million, far exceeding its pre-sale estimated high total of $27.3 million, and was 100 percent sold.
Geneva—Watches are still selling strongly at auction, if Phillips’ recent sale in Geneva is any indication. 
 
Phillips in Association with Bacs & Russo said its recent “Geneva Watch Auction: XV” totaled $39.4 million, far exceeding the pre-sale total estimate of $14.7 million to $27.3 million. 

Held on May 7 and 8, the watch auction put 196 timepieces on the block, and all of them found a buyer. 
 
Phillips said more than 600 watch collectors gathered at the live event at La Réserve Hotel to participate in person, while 1,800 more bidders competed online. 
 
The top lot of the auction was a Patek Philippe perpetual calendar Ref. 1518 in pink gold with a pink dial, which sold above its pre-sale estimate when it garnered $3.3 million from a phone bidder. 
 
This was followed by a Rolex. Ref. 6239, nicknamed “The Crazy Doc,” which was once owned by musician Eric Clapton, which sold for $1.7 million. It is the only known yellow gold Ref. 6239 with a pulsations dial, Phillips said. 
 
At No. 3 was “The Simon Wiesenthal” watch, which garnered $1.4 million.  
 
The piece was manufactured in 1941 and once owned by human rights champion and Holocaust survivor Simon Wiesenthal. It first appeared on the market in 2007, when his family consigned it to auction. 
 
It is one of only two known Patek Philippe Ref. 1503 watches with a black lacquered dial and Breguet numerals, according to the auction house.  
 
See the Top Lots in Phillips’ Recent Geneva Watch Auction

Phillips also said F.P. Journe watches performed “extremely well” at the auction, with many models selling for well above their pre-sale estimates, including the F.P. Journe Octa Zadiaque power reserve, which sold for $813,409. 
 
The only example of an Octa Zodiaque in pink gold, the watch was made for the Children Action Foundation in 2005. Phillips will donate the entire buyer’s premium from the sale of the watch in its auction to the charity. 
 
“Geneva Watch Auction: XV” followed The Royal Oak 50th watch auction on May 6, which totaled $22.4 million, bringing the weekend’s total to $61.5 million. 
 
 Related stories will be right here … 
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

ColumnistsJan 31, 2023
Squirrel Spotting: How About a Word for the New Year?

It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.

Policies & IssuesJan 31, 2023
Rio Tinto Issues Apology After Radioactive Capsule Goes Missing

The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.

MajorsJan 31, 2023
Indian Jewelry Brand Tanishq Opens First U.S. Store, More on the Way

The jeweler’s expansion plans include 20 to 30 more stores in North America and the Middle East over the next two to three years.

Brought to you by
Bringing Over 130 Years of Diamond Expertise to Modern Grading

De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.

Events & AwardsJan 31, 2023
Gucci Is Getting a Gem Award

The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.

Weekly QuizJan 26, 2023
This Week’s Quiz
Test your jewelry news knowledge with this short test.
Take the Quiz
MajorsJan 31, 2023
Martin Flyer Names New VP of Business Development

Industry veteran Kevin Lane has stepped into the role.

MajorsJan 30, 2023
Researchers Uncover Bejeweled ‘Golden Boy’ Mummy

The ancient Egyptian teenager was buried 2,300 years ago with 49 amulets to guide him through the afterlife.

Brought to you by
De Beers Institute of Diamonds Expands to Offer Education

De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.

SurveysJan 30, 2023
Consumers Embracing Non-Traditional Ways to Mark Valentine’s Day

The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.

Events & AwardsJan 30, 2023
JA Is Searching for the Next Retail ’20 Under 40’

Nominations are open now through March 24.

MajorsJan 30, 2023
10 Jewelry News Stories You Might Have Missed

A column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.

FinancialsJan 27, 2023
Tiffany & Co. Shines for LVMH in 2022

Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.

MajorsJan 27, 2023
Diamond Council of America Appoints Treasurer, Board Member

Executives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.

CollectionsJan 27, 2023
Piece of the Week: Heavenly Vices’ Lock Necklace

The Victorian-inspired design is a functional lock and key.

Supplier BulletinJan 26, 2023
JA New York Spring Brings the Industry Together

For over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.

TrendsJan 26, 2023
At Vicenzaoro, Paola De Luca Gazes Into Jewelry’s Future

The trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.

CollectionsJan 26, 2023
NDC and Lorraine Schwartz Announce New ‘EDDI’ Class

The Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.

IndependentsJan 26, 2023
Lee Michaels Fine Jewelry Set to Open 10th Store

It will be located in San Antonio’s Alamo Quarry Market and will be Lee Michaels’ third location in the city.

Policies & IssuesJan 26, 2023
Diamonds Do Good Names 10 to Board of Directors

Stephanie Gottlieb, Jewelers Mutual’s Mike Alexander, and Craig Rottenberg of Long’s Jewelers are among the new board members.

MajorsJan 25, 2023
John Hardy Names New CEO

Luxury retail executive Frédéric Levy has taken on the role.

Events & AwardsJan 25, 2023
Couture DAC Accepting Applications for Mentorship Program

Jewelry designers have until early February to apply to take part in Couture's Diversity Action Council program.

CollectionsJan 25, 2023
Stephanie Gottlieb Announces First President, CCO Hire

Morgan P. Richardson joins from La Perla.

Policies & IssuesJan 25, 2023
PGI’s New Portal Wants to Teach You About Platinum

The new portal will share information on responsible platinum sourcing and how it’s used beyond jewelry.

SourcingJan 24, 2023
Tiffany Buys 35 of the Last Diamonds Recovered From Argyle

Purchased directly from Rio Tinto, the collection consists of pinks, purples and one red, none larger than 1.52 carats.

ColumnistsJan 24, 2023
On Data: Here’s How Independent Jewelers Did in 2022

Sherry Smith breaks down retailers’ performance last year, including how natural diamonds fared vs. lab-grown.

GradingJan 24, 2023
GIA Launches AGS Diamond Light Performance Supplement Report

The AGS Ideal Report by GIA is a digital-only addition to GIA diamond reports.

MajorsJan 24, 2023
WJA Announces New International Board Members

The seven newcomers include executives from David Yurman, De Beers, and GIA.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy