The Facts
Phillips will hold The New York Watch Auction: XV on December 5-6, 2026, in New York, with a total low estimate exceeding $25 million, making it the highest-value watch auction ever hosted in the United States. The sale features historically important timepieces including an F.P.Journe Tourbillon Souverain Souscription, a Patek Philippe Ref. 1518 perpetual calendar chronograph, and a Rolex 'Paul Newman' Daytona. It also includes the third installment of TimeForArt, with 26 unique timepieces offered without reserve, with proceeds benefiting the Swiss Institute.
The Signal
The sale underscores the growing strength of the U.S. watch auction market, which has seen increasing demand for rare independent and vintage timepieces. The inclusion of the TimeForArt initiative, now in its third iteration, highlights a trend of auctions incorporating charitable components to attract collectors. The diversity of consignments signals a healthy secondary market for high-end horology.
- People: Paul Boutros, Isabella Proia, Simon Brette, Anita Porchet, F.P.Journe, Philippe Dufour, Richard Mille
- Auction Houses: Phillips
- Museums: Swiss Institute
- Locations: New York
- Prices: $25 million
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