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Back to Basics: How to Start a Watch Collection

Phillips Watches May auctions establish multiple records

The debut watch barters held by Phillips, in Association with Bacs & Russo, on 9 and 10 May 2015 understood a combined complete of Swiss Francs 29,649,363/US$ 31,834,734/Euro 28,411,944, selling 97% by part. The sales sold four looks for over US$1 million and set up numerous records including for any tempered steel wristwatch, for any Rolex sold at closeout, and for any Rolex Day-Date.

A month ago we introduced a few features of these closeouts here . Of those featured watches, the Patek Philippe 130 Single Button Chronograph in impeccable steel with throbs scale and an area configuration acknowledged Swiss Francs 4,645,000/US$ 4,987,383/Euro 4,451,141, dramatically increasing its gauge of Swiss Francs 1 million to 2 million and setting another record cost for a tempered steel wristwatch sold at sell off. The valuable watch was offered to an unknown bidder on the phone.

The Rolex Cosmograph Daytona 6263 ‘The Oyster Albino’, part of the individual assortment of Eric Clapton previously, sold for Swiss Francs 1,325,000/US$ 1,422,666/Euro 1,269,701 (gauge: Swiss Francs 500,000 – 1,000,000), a record for any Rolex sold at sell off.

The Longines Dieudonné Costes Lindbergh Hour Angle, probably the most established part of the closeout, sold for Swiss Francs 143,000/US$ 153,540/Euro 137,032. (gauge: Swiss Francs 60,000 – 80,000).

Other striking outcomes:

A programmed Patek Philippe 2585 in impeccable steel tracing all the way back to 1958 and lodging Patek Philippe’s first self-winding type (the 12’’’600) had a gauge of Swiss Francs 80,000 – 120,000 yet it sold for a noteworthy Swiss Francs 785,000/US$ 843,179/Euro 752,637.

A Patek Philippe 1518 never-ending schedule chronograph with pink dial, pink gold case and substantial Gay Frères wristband from 1948 sold for Swiss Francs 1,445,000/US$ 1,551,511/Euro 1,384,693 (gauge was Swiss Francs 800,000 to 1,400,000).

A Rolex Day-Date 6612 a.k.a. ‘Large Kahuna’, one of just two realized 6612 references made in platinum, acknowledged Swiss Francs 473,000/US$ 507,865/Euro 453,259, dramatically increasing its pre-deal gauge of Swiss Francs 100,000 to 200,000 and crushing the world record cost for any Rolex Day-Date.

Full subtleties here:

Alluring Day-Date – May 9, 2015

The Geneva Watch Auction: ONE – May 10 2015

This is a hot week for watch barters. We will post more news about other noteworthy parts from Antiquorum, Christie’s, and Sotheby’s in the coming days.