Phillips Hong Kong XII Watch Auction Raises $24.6m USD

Phillips Hong Kong XII auction raised $24.6m USD at the weekend, making it the most successful watch sale the auction house has ever staged is Asia.Attaining 'white' glove' status, the sale saw every lot sell, more than doubling its pre-sale low estimate, while some 1,705 online bidders from 55 countries took part, a 30% increase on the previous year.The star lot was a full set Patek Philippe Ref. 2499 yellow gold perpetual calendar chronograph from 1953 that sold for $1.98m USD, followed by a P...