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This auction showed the appetite for £1m-plus vintage watches is stronger than ever

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telegraph.co.uk

Phillips in association with Bacs & Russo, fetched more than CHF 30m (approx. £25.5m) – almost three times its estimate – and, in the process, broke 10 auction records.When the new dates were announced back in April, the world was still in the midst of Covid chaos and most of the industry wondered about Phillips’ decision and whether the event would actually come to fruition.

For Phillips, however, there was little doubt and nothing, not even a global pandemic, was going to stop it going ahead.“We started working on the catalogue before Covid-19 hit Europe,” says Alexandre Ghotbi head of Phillips watches Continental Europe and Middle East. “It was finished during lockdown with everyone from the photographer to the graphic designer working.

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