The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Brando, Nicklaus Watches Sell for Millions at Auction
They were two of five lots that sold for more than $1 million each at Phillips’ “Game Changers” watch auction Tuesday.
New York—Phillips held an auction of watches once belonging to people at the top of their game, and buyers wanted in.
The “Game Changers” watch auction, which took place in New York Tuesday, was comprised of a group of timepieces once owned by people considered to be “game changers” in their respective fields, as well as iconic collectors’ models from leading brands.
All 74 lots offered sold for a total of $20.2 million.
The sale marked the first time five watches have sold for above $1 million at an auction held in the United States, Phillips said.
Urwerk’s Atomic Mechanical Control (pictured below) led the event, a piece Phillips called a “tour-de-force” of modern watchmaking.
The master clock automatically winds, sets and regulates the wristwatch to improve its timekeeping.
It sold for $2.9 million, setting a new world record for the independent Swiss brand.
Patek Philippe’s rare “pink-on-pink” Ref. 1518 followed, garnering $2.3 million and setting a world auction record for the reference in pink gold, while Patek’s Ref. 2499 in yellow gold achieved $2 million.
Phillips sold the watch to benefit the Nicklaus Children’s Health Care Foundation, which aims to provide families access to world-class pediatric healthcare.
It ended up selling for nearly $2 million Tuesday (there was no pre-sale estimate for the watch) after a 20-minute bidding war among collectors from three continents, Phillips said, setting a world auction record for a Rolex GMT-Master.
Four other Rolex watches—three Cosmograph Daytonas and a Sea-Dweller—and a Patek Philippe rounded out the top 10 lots of the watch auction, garnering between $884,000 and $356,250.
There were several other watches sold for a good cause.
Vacheron Constantin’s Overseas Dual Time Prototype sold for $106,250, with proceeds of the sale going to the National Geographic Society, while TAG Heuer’s Monaco Piece d’Art, which topped its pre-sale estimate at $81,250, was sold to benefit United Way of New York City.
The sale of the Urwerk UR-105 CT Iron worn by Robert Downey Jr. in “Avengers: Endgame” (seen above) for $312,500 will benefit Random Act Funding.
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