HONG KONG – 23 May 2023 – Phillips in Association with Bacs & Russo, the worldwide market leader in watch auctions, is proud to announce that its landmark thematic auction, The Imperial Patek Philippe Sale, realized HK$52 million/ US$6.6 million. The 11 lots in this auction had a total turnover rate of 100%, and 100% of the lots were sold above the estimated price.  This historic evening held at Phillips’ new Asia headquarters in Hong Kong’s West Kowloon Cultural District saw global participation from collectors across 56 countries, and a packed saleroom of collectors, journalists, and watch enthusiasts from across Asia witnessing this memorable auction. The auction was led by its star lot – the Patek Philippe reference 96 Quantieme Lune once belonging to Aisin-Gioro Puyi, the last Emperor of the Qing Dynasty, which sold for HK$49 million/ US$6.2 million. The timepiece sold to an Asian collector residing in Hong Kong on the phone after six minutes of spirited bidding.

Thomas Perazzi, Head of Watches, Asia, Phillips, said::

Exceptional results also achieved for other artefacts offered in the sale. The red paper fan that Puyi personally inscribed and gifted to his interpreter Georgy Permyakov in Tokyo sold for HK$609,600/US$77,846, six times its pre-sale estimate. A manuscript notebook provides a never-before-seen glimpse into the mind of Puyi and a leather-bound edition of Confucius’ Analects sold for HK$952,500/ US$121,634, almost five times its pre-sale estimate. 

Other lots

More Please continue to pay attention to ArtPro for the latest developments in the global art market.

For more auction details, please click to view