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    An auctioneer conducts a watch auction at Phillips, with attendees photographing the event. Currency values and an image of one of the most expensive watches are displayed on large screens during this record-breaking year.

    Phillips' Record-Breaking $370 Million Year, and the 10 Most Expensive Watches Sold

    Phillips Watches closes out its 10th anniversary achieving the highest annual total in history.

    In a year where the luxury watch market was predicted to be calm, Phillips Watches did the opposite on a historic scale. As the auction house marked its 10th anniversary in 2025, it delivered numbers that reset the industry entirely. Between record-breaking live auctions, online sales, and a growing private sales, Phillips Watches achieved a jaw-dropping $370 million across all its channels, proving just how resilient high-end watch collecting remains when trust and curation lead the way.

    A silver wristwatch with a brown leather strap, featuring multiple dials, a moonphase indicator, and day and date windows, reminiscent of the most expensive watches showcased at Phillips’ record-breaking auction.
    Patek Philippe, Perpetual Calendar Chronograph Ref. 1518 Stainless Steel

    At the center of that success was $290.4 million in global watch auction sales, the highest annual total ever achieved by any watch auction department. It also marked Phillips’ fifth consecutive year surpassing $200 million, a first for the industry. Phillips once again sells 1,802 lots with an almost unheard-of 99% sell-through rate by lot and 100% by value. Only 11 lots unsold all year, hammer prices reaching 246% of low estimates, and an average live-auction lot value of $173,000.

    A mechanical wristwatch with a black leather strap features visible gears, a raised black fist motif at the center, and echoes the bold innovation seen in Phillips’ most expensive watches during their record-breaking year.
    F.P. Journe, Francis Ford Coppola FFC Prototype

    10 Most Expensive Sales

    • F.P. Journe, Chronomètre à Résonance ‘Souscription No. 17’ — $2,843,000
    • Philippe Dufour, Duality ‘No. 1’ — $3,085,000
    • Patek Philippe, Ref. 3448 Pink Gold Perpetual Calendar — $3,272,933
    • F.P. Journe, Chronomètre à Résonance ‘Sincere Fine Watches, Black Mother-of-Pearl’ — $3,690,000
    • F.P. Journe, Chronomètre à Résonance ‘Souscription No. 2’ — $4,133,798
    • Patek Philippe, Perpetual Calendar Chronograph Ref. 1518 ‘Pink on Pink’ — $4,434,483
    • Cartier, Portico Mystery Clock — $4,727,837
    • F.P. Journe × THA for Breguet, Sympathique Clock with Tourbillon Wristwatch — $6,619,212
    • F.P. Journe, Francis Ford Coppola FFC Prototype — $10,775,000
    • Patek Philippe, Perpetual Calendar Chronograph Ref. 1518 Stainless Steel — $17,631,075

    The headline result came from a stainless steel Patek Philippe Ref. 1518 Perpetual Calendar Chronograph, which sold for over US $17.6 million, becoming the most valuable vintage Patek Philippe wristwatch ever auctioned and the most valuable timepiece sold globally in 2025. Not far behind was the F.P. Journe FFC prototype from Francis Ford Coppola’s collection, which brought $10.8 million, setting new records for the brand, independent watchmaking, and any 21st-century non-charity wristwatch. Vintage Rolex and Patek Philippe continued to anchor the market, while independent watchmakers, from Philippe Dufour and Kari Voutilainen to Konstantin Chaykin and Charles Frodsham, show that collecting is more than a passing trend.

    Rolex Cosmograph Daytona Ref. 6263

    Source: Philips Watches

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