The auction ‘The Hong Kong Sessions, Spring 2025’, organised by Phillips in Hong Kong on 26 March 2025, featured an exclusive selection of 122 timepieces from leading watch brands, chosen for their condition, rarity and quality. Total sales, including fees: $2,697,677 USD, representing 100% of the lots offered.
BEST RESULTS
Lot 8004: Richard Mille – A highly desirable and innovative Carbon TPT skeletonised wristwatch. Sold for $277,863 USD
Lot 8025: Ulysse Nardin – A whimsical, incredibly fine and rare limited-edition platinum minute-repeating automaton wristwatch. Sold for $89,897 USD
Lot 8005: Patek Philippe – A fine and attractive stainless steel dual-time wristwatch with center seconds, date, day and night indication. Sold for $78,456 USD
BEST PERFORMANCES
Lot 8111: Delaloye Vers 2008 – A rare and attractive limited edition white gold wristwatch with small seconds, black mother-of-pearl dial. A 1,646% difference between the baseline estimate and the final result ($35,959 USD)
Lot 8042: Otsuka Lotec Vers 2019 – A very intriguing and rare limited edition bronze and stainless steel regulator wristwatch. A 662% difference between the baseline estimate and the final result ($19,614 USD)
Lot 8044: Panerai Vers 2011 – A fine and rare limited edition pink gold split-seconds chronograph wristwatch. A 306% difference between the baseline estimate and the final result ($39,228 USD)
BREAKDOWN BY BRAND
Patek Philippe
Topping the list of the highest prices achieved at the auction, Patek Philippe recorded the highest total of the sale at $733,889 USD
Rolex
Coming second in the list of the highest prices achieved at the auction, Rolex recorded a total of $308,917 USD
Richard Mille
With a watch that fetched $277,863 USD, Richard Mille was the third best-performing brand in this sale, achieving a total of $277,863 USD.
These three brands accounted for a total of $1,320,669 USD, representing 49% of the total sale.
AVERAGE PRICE PER LOT
Given the total number of lots, 122 in total, of which 0 remained unsold, the average price per lot was $22,112 USD
CONCLUSION
This sale has once again demonstrated the dynamism of the auction market; the top three brands were: MB&F and L’Epée, Patek Philippe and Rolex
