The pre-owned watch market is undoubtedly enjoying something of a boom and advances in technology are helping to propel the market further. Online auctions are gaining popularity, but how safe and reliable are they?
May 12, 2018 Geneva. Phillips Auction House – Daytona Ultimatum Results
32 rare and fine Rolex Daytona’s were offered for auction by Phillips in Geneva and all 32 were sold for an astonishing total of $22,182,281, with five lots reaching over $1m each.
Phillips Auction House will sell some of the world’s most sought-after Rolex watches on May 12th 2018 in Geneva, Switzerland
Following hot on the heels of the record sale of Paul Newman’s Paul Newman Daytona in 2017, Phillips Auction House announced in December that it will be auctioning some of the world’s most sought-after Rolex Daytona watches.
Paul Newman's own 1968 Rolex Cosmograph Daytona Reference 6239 sold for a record price of $15.5 million. After 12 minutes of bidding, the watch was sold to a telephone bidder, setting a new record for the highest price ever achieved for a wristwatch at auction. Including the buyer's premium of 12.5%, the final price came to an incredible $17,752,500.