Auction Report: F.P. Journe Souscription Tourbillon, Chronomètre À Résonance Hammer For Over $2.5 Million At Phillips Geneva Watch Auction XI

Today at Phillips Watch Auction XI in Geneva, a crowd gathered under a tent at Hotel La Réserve, as well as a record number of attendees (according to Phillips) watching online, got quite a show as two closely watched lots – a “souscription” F.P. Journe Chronomètre À Résonance and “souscription” Tourbillon Souverain, both with a single owner and in fact from a single collection, shattered their high estimates. The Chronomètre À Résonance, lot 49, hammered for CHF 1,040,000 ($1,097,182 at the time of publication) and the Tourbillon Souverain, lot 101, for CHF 1,400,000 (about $1,476,976). Bidding for both watches was very dynamic, and the results dramatically exceeded the high estimates, which were CHF 150,000-300,000 for the Tourbillon Souverain and CHF 80,000-160,000 for the Chronomètre à Resonance. In total, the two watches fetched CHF 2,440,000 (including buyer’s premium) or about $2,574,158.

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