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Phillips Has Highest Grossing Watch Auction in US History at .8 M.

Phillips Has Highest Grossing Watch Auction in US History at $75.8 M.

Phillips has done it again. The auction house shattered another record over the weekend, holding the highest-grossing watch auction in U.S. history. The two-day New York Watch Auction: XIV, held in association with Bacs & Russo, achieved a total of $75.8 million, shattering a record Phillips itself set only last December with a $43.5 million sale. A total of 16 timepieces sold for over $1 million each, according to the auction house. “This season’s results in New York mark a watershed moment for the watch market,” Paul Boutros and Isabella Proia of Phillips said in a statement. “To once again break the record for the most valuable watch auction ever held in the United States—just six months after establishing the previous benchmark—speaks to the remarkable confidence and depth at the very pinnacle of collecting.”  Related Articles The star was an ultra-rare F.P. Journe Chronomètre à Résonance “Souscription, No. 007,” which sold for an astonishing $13.92 million after nearly nine minutes of bidding, becoming not only the most expensive watch ever sold by the maker, but also setting records for any watch …