Phillips brings a first-series Patek Philippe 2499 and a possibly unique 3990P to auction in Hong Kong

Watches from The Hong Kong Watch Auction: XXIII, which Phillips holds in Hong Kong on 21 and 22 November. © Phillips

Phillips holds The Hong Kong Watch Auction: XXIII in Hong Kong on 21 and 22 November. The lots with the highest estimates are two Patek Philippe watches, a first-series ref. 2499 in yellow gold and a possibly unique ref. 3990P in platinum with a salmon dial, both estimated at HK$12 to 24 million, about US$1.5 to 3.1 million.

The sale runs over two sessions, both at 11 a.m. Hong Kong time: the first, on 21 November, with lots 801 to 958, and the second, on the 22nd, with lots 959 to 1129. It takes place on the ground floor of the WKCDA Tower in the West Kowloon Cultural District, and the watches are on view on the first floor of the same building from 16 to 22 November, 10 a.m. to 7 p.m.

Patek Philippe dominates the top lots. Besides the two most valuable watches, Phillips offers a ref. 1518 in pink gold, estimated at HK$8 to 16 million. Introduced in 1941, the ref. 1518 was the first serially produced perpetual calendar chronograph. Next come a ref. 2481 “Tropics” in pink gold and a ref. 5074P-021 in platinum, which the auction house describes as the first to appear at auction and possibly unique, both estimated at HK$5 to 10 million.

From F.P. Journe come a Chronomètre à Résonance “Parking Meter”, one of five made, from the collection of Mark Cho, estimated at HK$6 to 12 million, and a Tourbillon Souverain in platinum, numbered 069/01T, estimated at HK$3.9 to 11.6 million.

The sale also gathers a number of tourbillons, from antique pocket watches to recent wristwatches, among them a Haldimann H1, an Auffret Tourbillon à Paris and Jaeger-LeCoultre's three Gyrotourbillons.

The Phillips sale comes a few days before the two auctions with which Christie's marks 40 years in Asia, on 25 and 26 November, also in Hong Kong.

Find out more on the auction house's website.