{"id":1971080,"date":"2026-06-01T09:58:35","date_gmt":"2026-06-01T06:58:35","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1971080"},"modified":"2026-06-01T09:58:35","modified_gmt":"2026-06-01T06:58:35","slug":"phillips-smashes-records-with-51-5-million-usd-watch-auction-results","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1971080","title":{"rendered":"Phillips Smashes Records With $51.5 Million USD Watch Auction Results"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Ftwphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&#8221;]<\/p>\n<div class=\"col-post-body col\">\n<div class=\"row post-body\">\n<aside class=\"post-body-sidebar\">\n<div class=\"post-body-sidebar-upper\">\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Watches\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>Jun 1, 2026<\/time><\/div>\n<ul class=\"post-body-sidebar-hype-comments-container list-unstyled d-none d-lg-block\">\n<li><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<\/li>\n<li><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-sm-inline text\">Comments<\/span><\/span>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<\/li>\n<li><span class=\"text\">Save<\/span><\/li>\n<\/ul>\n<div class=\"post-body-sidebar-author d-none d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"brand-sidebar-widget d-none d-lg-block\">\n<h6>In This Article<\/h6>\n<\/div>\n<\/div>\n<\/aside>\n<article class=\"post-body-article\">\n<div class=\"post-gallery-container portrait inner-media\" data-group-cells=\"2\">\n<div class=\"gallery-container post-gallery-contain\" role=\"region\" aria-label=\"Phillips Smashes Records With $51.5 Million USD Watch Auction Results\">\n<div class=\"hb-gallery before-booted full-screen-enabled  \" data-images=\"[{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink 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Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;FP Journe, Tourbillon Souverain, u201cChine 2010 38u201d&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 3448, Padellone u201cTokyo Whiteu201d with Beyer signature&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 3448, Padellone u201cTokyo Whiteu201d with Beyer signature&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970P-018 with blue dial&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970P-018 with blue dial&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5016P-010 in platinum&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5016P-010 in platinum&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}}]\" role=\"list\">\n<div class=\"carousel-cell portrait\" data-gallery-index=\"1\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">1 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"2\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">2 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"3\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">3 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5970R-107<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"4\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-3.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">4 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Philippe Dufour, Simplicity<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"5\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">5 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Cartier, Ref. CRHPI01088, Crash Squelette No. 1<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"6\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">6 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">FP Journe, Tourbillon Souverain, \u201cChine 2010 38\u201d<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"7\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">7 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 3448, Padellone \u201cTokyo White\u201d with Beyer signature<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"8\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">8 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5970P-018 with blue dial<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"9\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">9 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5016P-010 in platinum<\/div>\n<div class=\"credit \">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Watches<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>Jun 1, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-content\">\n<p><strong>Summary<\/strong><\/p>\n<ul>\n<li>Phillips\u2019 Hong Kong Watch Auction XXII achieved a record $51.5 million USD, up 90% year\u2011on\u2011year<\/li>\n<li>A rare Patek Philippe Ref. 2499 First Series in pink gold sold for $10.25 million USD, the highest value watch ever sold in Asia<\/li>\n<\/ul>\n<p>Phillips in Association with Bacs &amp; Russo recently concluded its highly anticipated Hong Kong Watch Auction: XXII, raking in a staggering $403 million HKD (approx. $51.5 million USD) over the two-day event, marking a 90% year-on-year increase. The event set a new benchmark as Phillips\u2019 highest watch sale total in Asia. The undisputed star of the weekend was a historically important Patek Philippe Ref. 2499 First Series in pink gold, which hammered for a monumental $80.3 million HKD (approx. $10.2 million USD). This landmark transaction not only set a new world auction record for the Ref. 2499, but also crowned the watch as the most valuable timepiece ever sold at auction in Asia and the most expensive watch sold globally this spring to date.<\/p>\n<p>The record-setting Patek Philippe Ref. 2499 is an exceptionally rare masterpiece originating from 1951, distinguished as one of only four known First Series examples in pink gold to feature the coveted Vichet case. Adding to its immense historical pedigree, it is the sole known example of its kind to bear British hallmarks. Patek Philippe\u2019s dominance continued throughout the auction, with several other notable models achieving stellar results. A Ref. 3448 Padellone \u201cTokyo White,\u201d double-signed by Beyer Chronometrie, fetched $13.7 million HKD (approx. $1.7 million USD), while a unique Ref. 5970R commissioned for entrepreneur Michael Ovitz, featuring an exclusive \u201cMSO\u201d monogram, realized $12.8 million HKD (approx. $1.6 million USD).\n<\/p>\n<p>Beyond the heavy-hitting Patek Philippe lots, independent watchmaking masters drew massive attention from the 1,928 registered bidders. Leading the indie charge was an F.P. Journe Tourbillon Souverain \u201cChine 2010,\u201d one of only five examples ever produced and the singular known piece housed in a 38mm platinum case. The ultra-rare model achieved an impressive $32.9 million HKD (approx. $4.2 million USD), more than four times its pre-sale estimate. Philippe Dufour also made waves with a slate grey guilloch\u00e9 dial stainless steel Simplicity that set a world auction record for a steel Simplicity at $9.4 million HKD (approx. $1.2 million USD.\n<\/p>\n<p>Last but not least, Cartier continued its strong auction momentum with the inaugural diamond and ruby-set Crash Squelette No. 1, which sold for nearly five times its high estimate at $9.2 million HKD (approx. $1.1 million USD). In total, eight timepieces surpassed the $1 million USD mark, securing the highest number of million-dollar lots across all auction houses in Asia this season.<\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<footer>\n<div class=\"related-stories-main-wrapper\">\n<h3>Related Stories<\/h3>\n<div class=\"stories-container\" data-layer-list-name=\"related_stories\" data-layer-list-offset=\"0\" data-layer-list-child-selector=\".story-item\">\n<div class=\"story-item\" data-layer-item-id=\"6730071\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Martin Margiela\u2019s Early Archives Head to Auction in Paris\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6730728\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Cubist Equestrian Art Meets Haute Horlogerie in the Herm\u00e8s Arceau Cavalier en Formes Wristwatch\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6729022\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Zenith Kicks off Its \u201cDouble Signed Program\u201d With a Naoya Hida &amp; Co. G.F.J. Timepiece\n                                                                        <\/div>\n<\/div>\n<\/div>\n<div class=\"article-email-signup-wrapper impression-tracker\">\n<h3>We got you covered. Don\u2019t miss out on the latest news by signing up for our newsletters.<\/h3>\n<div class=\"terms\">By subscribing, you agree to our Terms of Use and Privacy Policy.<\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"brand-post-body-widget\">\n<hr class=\"sidebar-divider d-block d-lg-none\">\n<h6>In This Article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    AuctionsCartierPatek PhilippePhillipsF.P.JournePhillips AuctionPhilippe DufourCartier Crash\n                                                            <\/p><\/div>\n<\/div>\n<\/footer>\n<\/article>\n<\/div>\n<div id=\"post-footer\" class=\"post-footer row\">\n<div class=\"col-shopping-break\">\n<hr>\n<\/div>\n<div class=\"col-comments\">\n<div id=\"comments\" class=\"post-comments none \">\n<header>\n<div class=\"heading\"><span class=\"comment-count\">0<\/span><span>Comments<\/span><\/div>\n<div class=\"comment-dropdown-tooltip\">\n<ul>\n<li>\n<li><\/ul>\n<\/div>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row post-body\">\n<aside class=\"post-body-sidebar\">\n<div class=\"post-body-sidebar-upper\">\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Watches\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>Jun 1, 2026<\/time><\/div>\n<ul class=\"post-body-sidebar-hype-comments-container list-unstyled d-none d-lg-block\">\n<li><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<\/li>\n<li><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-sm-inline text\">Comments<\/span><\/span>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<\/li>\n<li><span class=\"text\">Save<\/span><\/li>\n<\/ul>\n<div class=\"post-body-sidebar-author d-none d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"brand-sidebar-widget d-none d-lg-block\">\n<h6>In This Article<\/h6>\n<\/div>\n<\/div>\n<\/aside>\n<article class=\"post-body-article\">\n<div class=\"post-gallery-container portrait inner-media\" data-group-cells=\"2\">\n<div class=\"gallery-container post-gallery-contain\" role=\"region\" aria-label=\"Phillips Smashes Records With $51.5 Million USD Watch Auction Results\">\n<div class=\"hb-gallery before-booted full-screen-enabled  \" data-images=\"[{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970R-107&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970R-107&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Philippe Dufour, 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Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Philippe Dufour, Simplicity&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Cartier, Ref. CRHPI01088, Crash Squelette No. 1&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Cartier, Ref. CRHPI01088, Crash Squelette No. 1&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;FP Journe, Tourbillon Souverain, u201cChine 2010 38u201d&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;FP Journe, Tourbillon Souverain, u201cChine 2010 38u201d&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 3448, Padellone u201cTokyo Whiteu201d with Beyer signature&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 3448, Padellone u201cTokyo Whiteu201d with Beyer signature&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970P-018 with blue dial&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970P-018 with blue dial&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5016P-010 in platinum&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5016P-010 in platinum&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}}]\" role=\"list\">\n<div class=\"carousel-cell portrait\" data-gallery-index=\"1\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">1 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"2\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">2 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"3\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">3 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5970R-107<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"4\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-3.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">4 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Philippe Dufour, Simplicity<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"5\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">5 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Cartier, Ref. CRHPI01088, Crash Squelette No. 1<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"6\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">6 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">FP Journe, Tourbillon Souverain, \u201cChine 2010 38\u201d<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"7\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">7 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 3448, Padellone \u201cTokyo White\u201d with Beyer signature<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"8\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">8 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5970P-018 with blue dial<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"9\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">9 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5016P-010 in platinum<\/div>\n<div class=\"credit \">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Watches<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>Jun 1, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-content\">\n<p><strong>Summary<\/strong><\/p>\n<ul>\n<li>Phillips\u2019 Hong Kong Watch Auction XXII achieved a record $51.5 million USD, up 90% year\u2011on\u2011year<\/li>\n<li>A rare Patek Philippe Ref. 2499 First Series in pink gold sold for $10.25 million USD, the highest value watch ever sold in Asia<\/li>\n<\/ul>\n<p>Phillips in Association with Bacs &amp; Russo recently concluded its highly anticipated Hong Kong Watch Auction: XXII, raking in a staggering $403 million HKD (approx. $51.5 million USD) over the two-day event, marking a 90% year-on-year increase. The event set a new benchmark as Phillips\u2019 highest watch sale total in Asia. The undisputed star of the weekend was a historically important Patek Philippe Ref. 2499 First Series in pink gold, which hammered for a monumental $80.3 million HKD (approx. $10.2 million USD). This landmark transaction not only set a new world auction record for the Ref. 2499, but also crowned the watch as the most valuable timepiece ever sold at auction in Asia and the most expensive watch sold globally this spring to date.<\/p>\n<p>The record-setting Patek Philippe Ref. 2499 is an exceptionally rare masterpiece originating from 1951, distinguished as one of only four known First Series examples in pink gold to feature the coveted Vichet case. Adding to its immense historical pedigree, it is the sole known example of its kind to bear British hallmarks. Patek Philippe\u2019s dominance continued throughout the auction, with several other notable models achieving stellar results. A Ref. 3448 Padellone \u201cTokyo White,\u201d double-signed by Beyer Chronometrie, fetched $13.7 million HKD (approx. $1.7 million USD), while a unique Ref. 5970R commissioned for entrepreneur Michael Ovitz, featuring an exclusive \u201cMSO\u201d monogram, realized $12.8 million HKD (approx. $1.6 million USD).\n<\/p>\n<p>Beyond the heavy-hitting Patek Philippe lots, independent watchmaking masters drew massive attention from the 1,928 registered bidders. Leading the indie charge was an F.P. Journe Tourbillon Souverain \u201cChine 2010,\u201d one of only five examples ever produced and the singular known piece housed in a 38mm platinum case. The ultra-rare model achieved an impressive $32.9 million HKD (approx. $4.2 million USD), more than four times its pre-sale estimate. Philippe Dufour also made waves with a slate grey guilloch\u00e9 dial stainless steel Simplicity that set a world auction record for a steel Simplicity at $9.4 million HKD (approx. $1.2 million USD.\n<\/p>\n<p>Last but not least, Cartier continued its strong auction momentum with the inaugural diamond and ruby-set Crash Squelette No. 1, which sold for nearly five times its high estimate at $9.2 million HKD (approx. $1.1 million USD). In total, eight timepieces surpassed the $1 million USD mark, securing the highest number of million-dollar lots across all auction houses in Asia this season.<\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<footer>\n<div class=\"related-stories-main-wrapper\">\n<h3>Related Stories<\/h3>\n<div class=\"stories-container\" data-layer-list-name=\"related_stories\" data-layer-list-offset=\"0\" data-layer-list-child-selector=\".story-item\">\n<div class=\"story-item\" data-layer-item-id=\"6730071\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Martin Margiela\u2019s Early Archives Head to Auction in Paris\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6730728\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Cubist Equestrian Art Meets Haute Horlogerie in the Herm\u00e8s Arceau Cavalier en Formes Wristwatch\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6729022\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Zenith Kicks off Its \u201cDouble Signed Program\u201d With a Naoya Hida &amp; Co. 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Don\u2019t miss out on the latest news by signing up for our newsletters.<\/h3>\n<div class=\"terms\">By subscribing, you agree to our Terms of Use and Privacy Policy.<\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"brand-post-body-widget\">\n<hr class=\"sidebar-divider d-block d-lg-none\">\n<h6>In This Article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    AuctionsCartierPatek PhilippePhillipsF.P.JournePhillips AuctionPhilippe DufourCartier Crash\n                                                            <\/p><\/div>\n<\/div>\n<\/footer>\n<\/article>\n<\/div>\n<div class=\"post-body-sidebar-upper\">\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Watches\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>Jun 1, 2026<\/time><\/div>\n<ul class=\"post-body-sidebar-hype-comments-container list-unstyled d-none d-lg-block\">\n<li><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<\/li>\n<li><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-sm-inline text\">Comments<\/span><\/span>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<\/li>\n<li><span class=\"text\">Save<\/span><\/li>\n<\/ul>\n<div class=\"post-body-sidebar-author 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d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<article class=\"post-body-article\">\n<div class=\"post-gallery-container portrait inner-media\" data-group-cells=\"2\">\n<div class=\"gallery-container post-gallery-contain\" role=\"region\" aria-label=\"Phillips Smashes Records With $51.5 Million USD Watch Auction Results\">\n<div class=\"hb-gallery before-booted full-screen-enabled  \" data-images=\"[{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 2499 u201cThe Pink First Seriesu201d circa 1951&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 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Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970R-107&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Philippe Dufour, 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Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Philippe Dufour, Simplicity&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Cartier, Ref. CRHPI01088, Crash Squelette No. 1&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Cartier, Ref. CRHPI01088, Crash Squelette No. 1&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;FP Journe, Tourbillon Souverain, u201cChine 2010 38u201d&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;FP Journe, Tourbillon Souverain, u201cChine 2010 38u201d&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 3448, Padellone u201cTokyo Whiteu201d with Beyer signature&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 3448, Padellone u201cTokyo Whiteu201d with Beyer signature&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970P-018 with blue dial&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5970P-018 with blue dial&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}},{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5016P-010 in platinum&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/06\/01\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg&quot;,&quot;alt&quot;:&quot;Phillips Hong Kong Watch Auction: XXII Highest Value Timepiece Ever Sold in Asia Patek Philippe Ref. 2499 First Series in pink gold&quot;,&quot;width&quot;:933,&quot;height&quot;:1400,&quot;credit&quot;:&quot;Phillips &quot;,&quot;caption&quot;:&quot;Patek Philippe, Ref. 5016P-010 in platinum&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:&quot;Shop Now&quot;}}]\" role=\"list\">\n<div class=\"carousel-cell portrait\" data-gallery-index=\"1\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">1 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"2\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-1.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">2 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"3\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-2.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">3 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5970R-107<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"4\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-3.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">4 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Philippe Dufour, Simplicity<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"5\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-4.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">5 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Cartier, Ref. CRHPI01088, Crash Squelette No. 1<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"6\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-5.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">6 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">FP Journe, Tourbillon Souverain, \u201cChine 2010 38\u201d<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"7\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-6.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">7 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 3448, Padellone \u201cTokyo White\u201d with Beyer signature<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"8\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-7.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">8 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5970P-018 with blue dial<\/div>\n<div class=\"credit general-general\">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"carousel-cell portrait\" data-gallery-index=\"9\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-2-3\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Fphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights-8.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<p><span class=\"gallery-image-index\"><span class=\"image-index \" aria-live=\"polite\">9 of 9<\/span><\/span><\/p>\n<div class=\"gallery-meta-container \">\n<div class=\"caption\">Patek Philippe, Ref. 5016P-010 in platinum<\/div>\n<div class=\"credit \">Phillips <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Watches<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>Jun 1, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-content\">\n<p><strong>Summary<\/strong><\/p>\n<ul>\n<li>Phillips\u2019 Hong Kong Watch Auction XXII achieved a record $51.5 million USD, up 90% year\u2011on\u2011year<\/li>\n<li>A rare Patek Philippe Ref. 2499 First Series in pink gold sold for $10.25 million USD, the highest value watch ever sold in Asia<\/li>\n<\/ul>\n<p>Phillips in Association with Bacs &amp; Russo recently concluded its highly anticipated Hong Kong Watch Auction: XXII, raking in a staggering $403 million HKD (approx. $51.5 million USD) over the two-day event, marking a 90% year-on-year increase. The event set a new benchmark as Phillips\u2019 highest watch sale total in Asia. The undisputed star of the weekend was a historically important Patek Philippe Ref. 2499 First Series in pink gold, which hammered for a monumental $80.3 million HKD (approx. $10.2 million USD). This landmark transaction not only set a new world auction record for the Ref. 2499, but also crowned the watch as the most valuable timepiece ever sold at auction in Asia and the most expensive watch sold globally this spring to date.<\/p>\n<p>The record-setting Patek Philippe Ref. 2499 is an exceptionally rare masterpiece originating from 1951, distinguished as one of only four known First Series examples in pink gold to feature the coveted Vichet case. Adding to its immense historical pedigree, it is the sole known example of its kind to bear British hallmarks. Patek Philippe\u2019s dominance continued throughout the auction, with several other notable models achieving stellar results. A Ref. 3448 Padellone \u201cTokyo White,\u201d double-signed by Beyer Chronometrie, fetched $13.7 million HKD (approx. $1.7 million USD), while a unique Ref. 5970R commissioned for entrepreneur Michael Ovitz, featuring an exclusive \u201cMSO\u201d monogram, realized $12.8 million HKD (approx. $1.6 million USD).\n<\/p>\n<p>Beyond the heavy-hitting Patek Philippe lots, independent watchmaking masters drew massive attention from the 1,928 registered bidders. Leading the indie charge was an F.P. Journe Tourbillon Souverain \u201cChine 2010,\u201d one of only five examples ever produced and the singular known piece housed in a 38mm platinum case. The ultra-rare model achieved an impressive $32.9 million HKD (approx. $4.2 million USD), more than four times its pre-sale estimate. Philippe Dufour also made waves with a slate grey guilloch\u00e9 dial stainless steel Simplicity that set a world auction record for a steel Simplicity at $9.4 million HKD (approx. $1.2 million USD.\n<\/p>\n<p>Last but not least, Cartier continued its strong auction momentum with the inaugural diamond and ruby-set Crash Squelette No. 1, which sold for nearly five times its high estimate at $9.2 million HKD (approx. $1.1 million USD). In total, eight timepieces surpassed the $1 million USD mark, securing the highest number of million-dollar lots across all auction houses in Asia this season.<\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<footer>\n<div class=\"related-stories-main-wrapper\">\n<h3>Related Stories<\/h3>\n<div class=\"stories-container\" data-layer-list-name=\"related_stories\" data-layer-list-offset=\"0\" data-layer-list-child-selector=\".story-item\">\n<div class=\"story-item\" data-layer-item-id=\"6730071\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Martin Margiela\u2019s Early Archives Head to Auction in Paris\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6730728\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Cubist Equestrian Art Meets Haute Horlogerie in the Herm\u00e8s Arceau Cavalier en Formes Wristwatch\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6729022\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Zenith Kicks off Its \u201cDouble Signed Program\u201d With a Naoya Hida &amp; Co. G.F.J. Timepiece\n                                                                        <\/div>\n<\/div>\n<\/div>\n<div class=\"article-email-signup-wrapper impression-tracker\">\n<h3>We got you covered. Don\u2019t miss out on the latest news by signing up for our newsletters.<\/h3>\n<div class=\"terms\">By subscribing, you agree to our Terms of Use and Privacy Policy.<\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"brand-post-body-widget\">\n<hr class=\"sidebar-divider d-block d-lg-none\">\n<h6>In This Article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    AuctionsCartierPatek PhilippePhillipsF.P.JournePhillips AuctionPhilippe DufourCartier Crash\n                                                            <\/p><\/div>\n<\/div>\n<\/footer>\n<\/article>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Watches<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>Jun 1, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Watches<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>Jun 1, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Watches<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>Jun 1, 2026<\/time><\/span><\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count yellow\"><br \/>\n             5.3K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<div class=\"post-body-content\">\n<p><strong>Summary<\/strong><\/p>\n<ul>\n<li>Phillips\u2019 Hong Kong Watch Auction XXII achieved a record $51.5 million USD, up 90% year\u2011on\u2011year<\/li>\n<li>A rare Patek Philippe Ref. 2499 First Series in pink gold sold for $10.25 million USD, the highest value watch ever sold in Asia<\/li>\n<\/ul>\n<p>Phillips in Association with Bacs &amp; Russo recently concluded its highly anticipated Hong Kong Watch Auction: XXII, raking in a staggering $403 million HKD (approx. $51.5 million USD) over the two-day event, marking a 90% year-on-year increase. The event set a new benchmark as Phillips\u2019 highest watch sale total in Asia. The undisputed star of the weekend was a historically important Patek Philippe Ref. 2499 First Series in pink gold, which hammered for a monumental $80.3 million HKD (approx. $10.2 million USD). This landmark transaction not only set a new world auction record for the Ref. 2499, but also crowned the watch as the most valuable timepiece ever sold at auction in Asia and the most expensive watch sold globally this spring to date.<\/p>\n<p>The record-setting Patek Philippe Ref. 2499 is an exceptionally rare masterpiece originating from 1951, distinguished as one of only four known First Series examples in pink gold to feature the coveted Vichet case. Adding to its immense historical pedigree, it is the sole known example of its kind to bear British hallmarks. Patek Philippe\u2019s dominance continued throughout the auction, with several other notable models achieving stellar results. A Ref. 3448 Padellone \u201cTokyo White,\u201d double-signed by Beyer Chronometrie, fetched $13.7 million HKD (approx. $1.7 million USD), while a unique Ref. 5970R commissioned for entrepreneur Michael Ovitz, featuring an exclusive \u201cMSO\u201d monogram, realized $12.8 million HKD (approx. $1.6 million USD).\n<\/p>\n<p>Beyond the heavy-hitting Patek Philippe lots, independent watchmaking masters drew massive attention from the 1,928 registered bidders. Leading the indie charge was an F.P. Journe Tourbillon Souverain \u201cChine 2010,\u201d one of only five examples ever produced and the singular known piece housed in a 38mm platinum case. The ultra-rare model achieved an impressive $32.9 million HKD (approx. $4.2 million USD), more than four times its pre-sale estimate. Philippe Dufour also made waves with a slate grey guilloch\u00e9 dial stainless steel Simplicity that set a world auction record for a steel Simplicity at $9.4 million HKD (approx. $1.2 million USD.\n<\/p>\n<p>Last but not least, Cartier continued its strong auction momentum with the inaugural diamond and ruby-set Crash Squelette No. 1, which sold for nearly five times its high estimate at $9.2 million HKD (approx. $1.1 million USD). In total, eight timepieces surpassed the $1 million USD mark, securing the highest number of million-dollar lots across all auction houses in Asia this season.<\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Zoe Leung<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Thu Tran<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"brand-post-body-widget\">\n<hr class=\"sidebar-divider d-block d-lg-none\">\n<h6>In This Article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    AuctionsCartierPatek PhilippePhillipsF.P.JournePhillips AuctionPhilippe DufourCartier Crash\n                                                            <\/p><\/div>\n<\/div>\n<p>[analyse_source url=&#8221;https:\/\/hypebeast.com\/2026\/6\/phillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F06%2F01%2Ftwphillips-highest-value-timepiece-ever-sold-in-asia-patek-philippe-ref-2499-first-series-in-pink-gold-auction-results-highlights.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&#8221;] Watches Jun 1, 2026 5.3K Views 0\u00a0Comments Comments Save Text By Zoe Leung Editor Assistant Thu Tran Share this article In This Article 1 of 9 Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951 Phillips 2 of 9 Patek Philippe, Ref. 2499 \u201cThe Pink First Series\u201d circa 1951 Phillips 3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[226,39],"class_list":["post-1971080","post","type-post","status-publish","format-standard","hentry","category-politics","tag-crawlmanager","tag-hypebeast-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1971080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1971080"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1971080\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1971080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1971080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1971080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}