{"id":5915,"date":"2015-05-12T11:01:35","date_gmt":"2015-05-12T18:01:35","guid":{"rendered":"http:\/\/www.bobswatches.com\/rolex-blog\/?p=5915"},"modified":"2024-04-19T17:16:27","modified_gmt":"2024-04-20T00:16:27","slug":"phillips-geneva-one-auction-highs-and-lows","status":"publish","type":"post","link":"https:\/\/www.bobswatches.com\/rolex-blog\/auctions\/phillips-geneva-one-auction-highs-and-lows.html","title":{"rendered":"Phillips Geneva One Auction: Highs and Low"},"content":{"rendered":"

Last week, we showcased our top 5 picks for the much-hyped Phillips Watch Auction in Geneva, a hugely awaited event\u00a0that included a number of outstandingly rare pieces. Well, the results are now in, so how did we do with our predictions? Read on below to see, but the results are surely and arguably impressive with several records broken in the process.<\/p>\n

\"Phillips<\/a>
The Phillips Geneva One Auction had a huge turnout.<\/figcaption><\/figure>\n

There was much buzz over Phillips first watch action last Sunday, but it seems no one anticipated how big it would actually be\u2014the sale earned $23.2\u00a0million, or an average of $102,000 USD per watch. The auction was enormously successful and we congratulate Aurel Bacs and his team at Phillips Auction.<\/p>\n

While the auction world has long been an elite one, in which rich buyers fly all over the world to attend auctions in New York, London, and Geneva, the internet has democratized the medium, allowing anyone and everyone to place a bid from the comfort of their very own home. In addition, the internet has also made information readily available to aspiring watch collectors, adding to an already surging market for fine vintage collectible watches. Emerging markets, namely Asia, are keen to get into the rare watch game and have turned out in record numbers, pushing record prices higher.<\/p>\n

While demand has increased over the years, supply has stayed relatively fixed, upping prices and giving rare pieces, even more, panache. With such limited supply of high-quality watches and ever increasing demand, prices should continue to rise, but we’ve noticed that some avid collectors have taken a \u201cflight to quality\u201d mode of late; discerning buyers look to bolster their collection with only the finest grade conditions. As we all know, “a rising tide lifts all boats.<\/p>\n

Read on for our analysis of the auction\u2019s highs and lows.<\/p>\n

HIGHS:<\/h2>\n

Patek Philippe Stainless Steel Mono-Pusher Doctors Chronograph<\/strong><\/h3>\n
\"Sold<\/a>
Patek Philippe Stainless Steel Mono-Pusher Doctors Chronograph Reference 130<\/figcaption><\/figure>\n

Info:<\/strong> This watch was originally made for twin Argentine brothers in the 1927 and features a steel case, a sector dial and a mono-pusher movement. One of only two of its kind, it\u2019s the ultimate collectors\u2019 piece because the companion watch can only be found inside the Patek Philippe museum in Geneva.<\/p>\n

Our Take:<\/strong> We estimated this watch would sell well over its high estimate at $3 million, but it\u2019s no surprise that this rare Patek Philippe<\/a> went for $4.3 million (closer $5 million, including commissions and fees). The sale makes it the most expensive stainless steel watch ever sold and the third most expensive watch, period.<\/p>\n

Estimate:<\/strong> $1,020,000 \u2013 $2,050,000 USD<\/p>\n

Result:<\/strong> $5 Million USD<\/p>\n

Rolex Oyster Cosmograph “Albino” 6263<\/strong><\/h3>\n
\"Rolex<\/a>
Rolex Oyster Cosmograph Albino 6263<\/figcaption><\/figure>\n

Info:<\/strong> Formally part of the collection of Sir Eric Clapton, this signed Rolex, case no. 2\u2019874\u2019334, was made in 1971 and is a rare stainless steel chronograph wristwatch with bracelet<\/p>\n

Our Take:<\/strong> Eric Clapton\u2019s insanely rare Oyster Albino scored a cool $1.42 million, making it the most expensive Daytona ever sold. But breaking records isn\u2019t new for this watch – it was previously auctioned at Sotheby\u2019s New York in 2003 and broke the world record for a Rolex Cosmograph Datoya, selling for $505,000.<\/p>\n

Estimate:<\/strong> 512,000\u00a0to\u00a0$1,020,000 USD<\/p>\n

Result:<\/strong> $1.42 million USD<\/p>\n

Rolex Oyster Perpetual Triple Calendar Moonphase 6062 Black Dial<\/strong><\/h3>\n
\"Rolex<\/a>
Rolex Oyster Perpetual Triple Calendar Moonphase 6062 Black Dial from 1995<\/figcaption><\/figure>\n

Info:<\/strong> Made in 1951, this yellow gold Rolex features a triple calendar, black lacquer dial, phases of the moon, and original certificate, rating certificate and instruction manual. First purchased at an Air Force Exchange on July 14, 1955, the watch was given to U.S. General Sweeney less than a month later.<\/p>\n

Our Take:<\/strong> One of only two models ever made with a full calendar and phases of the moon, this watch has an incredible story to tell, perfect for American history buffs who also happen to be watch collectors. Obviously, it went for well above its estimated price.<\/p>\n

Estimate:<\/strong> $307,000 \u2013 $600,000 USD<\/p>\n

Result:<\/strong> $1.1 Million USD<\/p>\n

Vacheron Constantin Reference 4178<\/strong><\/h3>\n
\"Vacheron<\/a>
Vacheron Constantin Reference 4178<\/figcaption><\/figure>\n

Info:<\/strong> A quintessential Vacheron, this piece is dated 1947 and features a salmon dial, teardrop lungs, Arabic numerals and a crocodile strap.<\/p>\n

Our Take:<\/strong> This 4178 is in excellent condition and is one of the rarest we\u2019ve seen, thanks to its well-maintained all-steel case. It sold for more than $215k more than its estimate, a huge upset.<\/p>\n

Estimate:<\/strong> 32,000 to $53,500 USD<\/p>\n

Result:<\/strong> $272k USD<\/p>\n

LOW<\/h2>\n

<\/h3>\n

Rolex Ref. 5510 Submariner<\/strong><\/h3>\n
\"5510<\/a>
A stunning 5510 Submariner with an amazing patina.<\/figcaption><\/figure>\n

Info:<\/strong> Believed to be one of only 300 examples ever made, this Submariner was manufactured in 1958, a time when Rolex produced smaller qualities of unusual watches.<\/p>\n

Our Take:<\/strong> Though this ref 5510 sold for higher than anticipated, it could have easily topped $200k if the condition was much better. The reference 6200 and 5510 are very rare pieces indeed, and bidding would have been fierce if the quality was better. As we said in the intro, many discriminating buyers are looking for top quality pieces.<\/p>\n

Estimate: <\/strong>$65,000 to $86,000 USD<\/p>\n

Result:<\/strong> $94k USD<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, we showcased our top 5 picks for the much-hyped Phillips Watch Auction in Geneva, a hugely awaited event that included a number of outstandingly rare pieces. Well, the results are now in, so how did we do with our predictions? Read on below to see, but the results are surely and arguably impressive with several records broken in the process.<\/p>\n","protected":false},"author":2,"featured_media":5885,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[724],"tags":[],"ppma_author":[2286],"acf":[],"yoast_head":"\nPhillips Geneva One Auction 2015: Highs and Low, The Results Are Shocking<\/title>\n<meta name=\"description\" content=\"Here are the results of the Phillips Geneva One Auction 2015. Some of these results were much higher than expected. 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His experience spans over 35 years and he has been published in numerous publications including Forbes, The NY Times, WatchPro, and Fortune Magazine. Paul is committed to staying up-to-date with the latest research and developments in the watch industry and e-commerce, and regularly engages with other professionals in the industry. He is a member of the IWJG, the AWCI and a graduate of the GIA. \r\n\r\nAlongside running the premier retailer of pre-owned Rolex watches, Paul is a prominent Rolex watch collector himself amassing one of the largest private collections of rare timepieces. 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