The auction ‘The Hong Kong Watch Auction: XX’, organised by Phillips in Hong Kong on 23 May 2025, featured an exclusive selection of 255 timepieces from leading watch brands, chosen for their condition, rarity and quality. Total sales, including fees: $27,139,906 USD, representing 100% of the lots offered.
BEST RESULTS
Lot 933: Patek Philippe – A platinum wristwatch chronograph with perpetual calendar, likely unique and exceptional, featuring a grey dial, special red hands, moon phase display, 24-hour indicator, leap year indicator, certificate of origin, winding crown and presentation box, double factory seal. Sold for $1,293,601 USD
Lot 806: Cartier – An exceptional, unique and museum-quality desk clock in nephrite, yellow gold, onyx, lacquer, diamonds and coral, in a lantern style, with two mother-of-pearl dials and a presentation box. Sold for $1,167,689 USD
Lot 802: Cartier – A unique, extremely rare, impressive and museum-quality mystery clock, crafted from rock crystal, diamonds, onyx, coral, mother-of-pearl, yellow gold and enamel. Sold for $973,074 USD
BEST PERFORMANCES
Lot 806: Cartier circa 1925 – An exceptional, unique and museum-quality desk clock in nephrite, yellow gold, onyx, lacquer, diamonds and coral, in a lantern style, with two mother-of-pearl dials and a presentation box. 852% variation between the low estimate and the final result (US$1,167,689)
Lot 811: Cartier circa 1929 – A unique and significant desk clock in yellow gold, nephrite, jade, onyx and lacquer, with minute repeater, ‘Laque Burgauté’ panels, mother-of-pearl numerals and key. 648% difference between the low estimate and the final result (USD 535,191)
Lot 966: F.P. Journe circa 2012 – A very rare and attractive platinum chronograph wristwatch, featuring hundredths-of-a-second, 20-second and 10-minute counters, a rose gold dial, warranty and presentation box. 588% variation between the low estimate and the final result ($421,665 USD)
BREAKDOWN BY BRAND
Patek Philippe
Topping the list of the highest-selling items, Patek Philippe achieved the highest total for the sale, amounting to $9,683,121 USD
Cartier
Ranking second in the list of the highest-selling items, Cartier achieved a total of $4,958,623 USD
Rolex
With a watch that fetched $324,358 USD, Rolex is the third best-performing brand in this sale, achieving a total of $2,510,207 USD
These three brands account for a total of $17,151,950 USD, representing 63% of the total sale
AVERAGE PRICE PER LOT
Given the total number of lots – 255 in all, including 1 unsold lot – the average price per lot was $106,850 USD
CONCLUSION
This sale has once again demonstrated the vitality of the auction market; the top three brands were: Patek Philippe, Cartier and Rolex
