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Phillips Geneva XXIII Hits $96.3M Record as Patek 2523 South America Clears $10.2M
Luxury Watches

Phillips Geneva XXIII Hits $96.3M Record as Patek 2523 South America Clears $10.2M

Phillips set the highest single-watch-auction total ever at CHF 74.8 million ($96.3M), with 43 world records and a 1953 Patek 2523 cloisonné South America at $10.2M. Christie's followed at $42.3M with a 99 percent sell-through, and Sotheby's anchored Important Watches Part II with the Shapes of Cartier collection.

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Our Luxury Watches section covers the brands and market forces that define modern watchmaking — from Rolex pricing and Patek Philippe secondary market performance to Audemars Piguet normalization, tariff impacts, and Watches & Wonders coverage. Data-driven analysis for watch dealers, collectors, and industry professionals.