The auction “The Hong Kong Watch Auction: XXI” organized by Phillips in Hong Kong on November 23, 2025, presented an exclusive selection of 314 pieces from the best watch brands chosen for their condition, rarity and quality. Total sales, including fees: $3,073,906 USD, or 100% of the lots presented.
BEST RESULTS
Lot 828: Patek Philippe – Sky Moon Tourbillon | A “like-new, unworn,highly important and impressive platinum doubledialed wristwatch with twelve complications including minute repeating on cathedral gongs, tourbillon, perpetual calendar with retrograde date, leap year indication, moon age, sky chart, sidereal time, angular motion, orbit and phases of the moon, Certificate of Origin, setting pin and presentation box Sold for $1,923,645 USD
Lot 998: Patek Philippe – An exceptionally well-preserved and important yellow gold perpetual calendar chronograph wristwatch with opaline “doré” dial, moon phases, 24-hour, leap year indication, Certificate of Origin, setting pin and presentation box Sold for 1,301,705 USD
Lot 1014: Patek Philippe – An unpolished, exceptionally well-preserved and important yellow gold perpetual calendar chronograph wristwatch with moon phases, hang tag and presentation box Sold for $1,142,365 USD
BEST PERFORMANCES
Lot 973: Patek Philippe circa 1978 – A possibly unique yellow gold square-shaped turquoise-set lady’s wristwatch with matching turquoise-set bracelet 1699% variation between the base estimate and the final result ($554,863 USD)
Lot 1048: Patek Philippe circa 1986 – A lavish, fresh-to-the-market and attractive yellow gold rectangular wristwatch with pavé diamond-set bezel and onyx dial, one of only three known 713% variation between baseline estimate and final result ($52,222 USD)
Lot 1010: Frères Rochat Vers 1825 – The Duke of Sussex Singing Bird Cage Clock | A magnificent, highly important and well-preserved ormolu quarter striking automaton singing birdcage clock 694% change between base estimate and final result ($489,585 USD)
BREAKDOWN BY BRAND
Patek Philippe
Occupying the first place in the ranking of the best selling prices, Patek Philippe achieved the best sales figure of $200,366,557 USD
F.P. Journe
Occupying the second place in the ranking of best selling prices, F.P. Journe achieved the figure of $3,795,916 USD.
Rolex
With a watch that reached the price of $424,307 USD, Rolex is the third most successful brand in this sale with a result of $240,904 USD
These three brands represent a total product of $26,234,376 USD, or 67% of the total sales.
AVERAGE PRICE PER LOT
Given the number of batches, 314 in total, including 0 unsold lots, the average price per batch was $124,439 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, we can note the presence in the top three of the following brands:
Patek Philippe, Rolex and F.P. JOURNE
