Phillips sets record with $112.3 million Geneva watch auction

Phillips has achieved the highest-grossing watch auction in history during the Geneva Watch Auction: XXIV. Held on November 7 and 8 at the Hotel President, the sale reached a total of approximately $112.3 million (CHF 92 million), surpassing a record previously set by the firm only six months ago.

The auction featured 217 lots, all of which were sold, resulting in an average hammer price exceeding $500,000. The event drew 2,121 registered bidders from 69 different countries. During the two-day sale, 24 world records were established, with 17 individual lots selling for more than 1 million Swiss francs.

Notable performers included F. P. Journe, whose 13 pieces collectively realized $38.9 million. A F. P. Journe Chronomètre à Résonance “Régence” set a record at $10.6 million. Other significant sales included a Philippe Dufour platinum Simplicity for $2.4 million and a Voutilainen tantalum Vingt-8 Inversé for $1.9 million.