Phillips Just Held the Highest-Grossing Watch Auction in U.S. History

Phillips Just Held the Highest-Grossing Watch Auction in U.S. History

From robbreport.com

Phillips has done it again. The auction house shattered another record over the weekend, holding the highest-grossing watch auction in U.S. history. The two-day New York Watch Auction: XIV, held in association with Bacs & Russo, achieved a total of $75.8 million, shattering a record Phillips itself set only last December with a $43.5 million sale. A total of 16 timepieces sold for over $1 million each, according to the auction house. “This season’s results in New York mark a watershed moment for the watch market,” Paul Boutros and Isabella Proia of Phillips said in a statement. “To once again break the ... (full story)

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