Phillips Grosses $96.3 Million at Geneva Watch Auction XXIII, Setting 43 World Records
Updated
Updated · South China Morning Post · May 31
Phillips Grosses $96.3 Million at Geneva Watch Auction XXIII, Setting 43 World Records
1 articles · Updated · South China Morning Post · May 31
Summary
$96.3 million in total sales made Phillips' Geneva Watch Auction XXIII its highest-grossing edition yet, with the house saying the May 9-10 event set 43 world records.
$10 million came from the top lot alone — a Patek Philippe ref. 2523 South America two-crown world timer — underscoring how a handful of trophy pieces drove the result.
A Louis Richard Triple Detent Constant Force One Minute Tourbillon Chronometer in yellow gold also set a world record for pocket chronometers and ranked as the auction's third-highest lot.
The result extends Phillips' run of record-setting watch sales in Geneva, highlighting sustained demand for rare, high-end timepieces even within a niche collectors' market.