Phillips sets new auction record for a Rolex in Asia

The First Art Newspaper on the Net    Established in 1996 Saturday, June 22, 2024


Phillips sets new auction record for a Rolex in Asia
ROLEX, Ref. 8171 ‘Padellone’. A stainless steel triple calendar wristwatch with moonphases. Estimate: HK$2,800,000 - 5,600,000. Sold for: HK$7,880,000 / US$1,015,732.



HONG KONG.- Phillips, in Association with Bacs & Russo, the world’s leading watch auction house, announced a historical and record-breaking themed sale of “Rolex Milestones: 38 Legendary Watches That Shaped History”, which realised a total of HK$60,858,750 /US$7,844,693. Phillips’ first themed watch auction in Asia performed exceptionally well with 47% of lots sold selling above high estimate and an average lot value of over US$200,000. The momentum continued throughout the sale - passionate bidding wars for some of the world’s rarest and most important Rolex timepieces saw collectors competing online, over the phone, in the room and multiple absentee bids. The top lot of the sale, a Rolex Reference 8171 ‘Padellone’ in stainless steel, achieved an outstanding price of HK$7,880,000 /US$1,015,732, a new auction record for a Rolex in Asia and a testimony to Phillips’ unique approach of uncompromised quality.

Sam Hines, International Head of Watches and Deputy Chairman, Asia, said: “Phillips were privileged to convene the worldwide watch community with this unique formula, bringing together world famous scholar and book author John Goldberger to curate the sale and Pucci Papaleo and his team to publish a prestigious limited edition catalogue. The result was a tightly curated sale, celebrating Rolex timepieces that represent milestones throughout the brand’s history. Asia has quickly transformed into one of the leading markets for watches and the auction attracted immense attention from across the globe. Following this monumental evening sale, we look forward to The Hong Kong Watch Auction: THREE on 29 November 2016.”

TOP TEN LOTS

• ROLEX, Ref. 8171 ‘Padellone’. A stainless steel triple calendar wristwatch with moonphases. Estimate: HK$2,800,000 - 5,600,000. Sold for: HK$7,880,000 / US$1,015,732

• ROLEX, Ref. 4645. A yellow gold square wristwatch with cloisonné enamel dial depicting Neptune and heavy bracelet. Estimate: HK$4,000,000 - 8,000,000. Sold for: HK$5,840,000/US$752,776

• ROLEX, Ref. 6263, inside case back stamped 6262. A stainless steel chronograph wristwatch with ‘Oyster Sotto’ dial and bracelet. Estimate: HK$4,800,000 - 9,600,000. Sold for: HK$5,840,000 / US$752,776

• ROLEX, Ref. 6062. A yellow gold triple calendar wristwatch with star-set numerals, moon phases and bracelet. Estimate: HK$2,400,000 - 4,800,000. Sold for: HK$5,120,000 / US$659,968

• ROLEX, Ref. 6263, inside case back stamped 6239. A stainless steel chronograph wristwatch with ‘Paul Newman’ dial, 'tropical' outer minute track, bracelet and guarantee. Estimate: HK$2,800,000 - 5,600,000. Sold for: HK$4,880,000 / US$629,032

• ROLEX, Ref. 1665, inside case back 1.72. A steel wristwatch with date, ‘Khanjar’ dial, bracelet, guarantee and box, made for the Sultan of Oman and retailed by Asprey. Estimate: HK$1,600,000 - 3,200,000. Sold for: HK$4,040,000 / US$520,756

• ROLEX, Ref. 6036. A pink gold Spanish triple calendar chronograph wristwatch with two-tone dial, bracelet and guarantee, retailed by Serpico Y Laino. Estimate: HK$2,000,000 - 4,000,000. Sold for: HK$2,960,000. / US$381,544

• ROLEX, Ref. 6234. A stainless steel chronograph wristwatch with black lacquer 'tropical' dial and bracelet. Estimate: HK$1,200,000 - 2,400,000. Sold for: HK$2,480,000 / US$319,672

• ROLEX, Ref. 1831, inside case back stamped 1850. A platinum and diamond-set tonneau-shaped calendar wristwatch with sweep center seconds, light blue dial and bracelet. Estimate: HK$1,200,000 - 2,400,000. Sold for: HK$1,750,000 / US$225,575

• ROLEX, Ref. 6263, inside case back stamped 6265. A stainless steel chronograph wristwatch with UAE Coat of Arms dial, bracelet and box, made for Mohammed bin Rashid Al Maktoum. Estimate: HK$1,440,000 - 2,880,000. Sold for: HK$ 1,750,000 / US$225,575










Today's News

November 29, 2016

Versailles presents the infinite variety and ingenuity of entertainment in the court

New archaeological discoveries enlighten Britain's past

MCA Chicago announces creative design team for MCA building redesign

Sara Friedlander appointed head of department at Christie's

Wife of Putin aide shocks with Holocaust-themed skating routine

Spanish hometown of Castro's father proud of place in history

Phillips sets new auction record for a Rolex in Asia

Rubell Family Collection to move in 2018 to new museum in Miami’s Allapattah District

Princeton University Art Museum announces online access to vast Minor White photographic archive

Move On: Kröller-Müller Museum exhibits works of art that have a degree of movement

The riddle's answer for €412,500: Ketterer Kunst announces results of 19th Century Art Sale

DHC/ART Foundation for Contemporary Art opens exhibition of works by Belgian artist Wim Delvoye

New series of paintings by David Reed debut at Pérez Art Museum Miami during Art Basel in Miami Beach

First UK solo exhibition of artist and photographer Francesco Jodice on view at Gazelli Art House

Parafin opens exhibition of new work by British artist Hugo Wilson

Exhibition of new works by British artist Rose Wylie on view at David Zwirner London

Pearl Lam Galleries presents a whimsical multi-sensory art exhibition

Swann Auction Galleries to sell Klimt monograph featuring some of the artist's most stunning works

Mossgreen's Collectors' Cars Department achieves the most successful car auction in Australia of 2016

Third time's a charm for winning combination of artist and sitter

Ronchini Gallery opens exhibition of new works by American artist Tameka Jenean Norris

Turkish heroes meet global celebs at Istanbul Madame Tussauds

Giant new dome set to keep Chernobyl safe for generations

Major retrospective of the celebrated master of monumental art Alexander Burganov opens in Moscow




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful