Phillips' Racing Pulse auction realizes $27.6 million, concluding a record-setting year
The First Art Newspaper on the Net    Established in 1996 Sunday, July 21, 2024

Phillips' Racing Pulse auction realizes $27.6 million, concluding a record-setting year
Heuer Monaco owned and gifted by Steve McQueen sets a world record price for any Heuer match at $2.2 million. Photo: Thomas De Cruz Media Haydon Perrior.

NEW YORK, NY.- Racing Pulse, Phillips’ final 2020 auction held in New York, realized $27,584,570 on Saturday, 12 December, selling 99% by lot and 99.5% by value, an industry-leading sell-through rate. With Aurel Bacs conducting the sale live from London and broadcast across the globe, the sale was led by Paul Newman’s Rolex “Big Red” Daytona, which sold for $5,475,000 to an anonymous private collector, marking the third highest price ever for a Rolex watch at auction. The sale also set a record price for any Heuer timepiece, with the iconic Monaco worn by Steve McQueen in the film Le Mans and gifted to his personal mechanic, Haig Alltounian, selling for $2.2 million.

Vintage and modern Patek Philippe wristwatches also achieved exceptional results. A modern ref. 3974G minute repeater with perpetual calendar, one of only 5 known, achieved a remarkable $1,022,200, and a vintage ref. 3448 perpetual calendar, nicknamed the “Pristine Padellone” and consigned by the family of the original owner, achieved $529,200.

Phillips also announced that $2.1 million was raised for the One Drop Foundation and the Prince Albert II of Monaco Foundation through the Time Counts initiative.

Paul Boutros, Phillips’ Head of Watches, Americas, said, “Our commitment to offering highest quality timepieces from the world’s leading brands has proven to be a recipe for success. This year, we had the incredible opportunity to work with a truly stellar group of consignors, whose extraordinary watches elevated our December sale to unparalleled heights. From Clea Newman’s Rolex, to Sylvester Stallone’s Panerai and Richard Milles, to Haig Alltounian’s Heuer, gifted to him by Steve McQueen, we saw fierce competition for these unique and historically important pieces. It was also our privilege to work with the One Drop Foundation and the Prince Albert II of Monaco Foundation this season in helping to raise funds for their lifesaving work. We are so grateful to all who donated and bid on the exceptional group of lots, whose proceeds will create truly important and lasting change.”

Aurel Bacs, Phillips’ Senior Consultant, added, “The market for watches has never been stronger, as evidenced by the tremendous enthusiasm we have seen in RACING PULSE, with registrants across 60 countries vying for these exceptional timepieces. With the digital innovations Phillips has made over the last several months, the auction world has been transformed, as we were able to broadcast our sale to phone bidders in New York and London, as well as online bidders across the globe. Despite all the uncertainty we witnessed with the events of 2020, the insatiable international demand has led the Phillips Watches team see our most successful year ever, with an annual total of over $133 million.”

Five lots from the personal collection of Sylvester Stallone also saw enthusiastic bidding across the board, with his Panerai Luminor achieving $214,200. Worn during the filming of Daylight, this watch is the most important modern Panerai wristwatch to ever be sold publicly, as it led to the brand’s modern-day renaissance. His selection of pieces by Richard Mille all soared past estimate, most notably the Ref. RM52-01, which realized $998,000.

Military watches performed especially well. With several exceptional examples consigned from important private collectors, a Rolex Submariner Ref. 5517 and an Omega Seamaster SM 300 set world records for any military-issued Rolex and military-issued Omega wristwatch. Additionally, a Tornek-Rayville Ref. TR-900 set a world record for the model at $176,400.

Once again, independent watchmakers performed very strongly, with impressive results for F.P.Journe, with an early Chronomètre a Résonance “Souscription” achieving $403,200 and an early Tourbillon Souverain in 18 karat pink gold achieving $378,000.

Time Counts, a collaborative initiative with Phillips, the One Drop Foundation, and the Prince Albert II of Monaco Foundation, raised $2,107,350 through the sale of twelve lots that were generously donated by celebrated personalities, including the One Drop Foundation’s founder, Guy Laliberté, H.S.H. Prince Albert II of Monaco, U2’s Bono, former Formula One racing champions Sir Jackie Stewart and David Coulthard, and Kevin “Mr. Wonderful” O’Leary. Leading the group were two Audemars Piguet Royal Oak Grande Complications, one in stainless steel and one in pink gold, which each realized $504,000. All net proceeds from the TIME COUNTS charitable initiative will be used to bring positive change in the water and sanitation sectors and work towards improving climate resilience for some of the world's most vulnerable communities.

Today's News

December 14, 2020

Toomey & Co. Auctioneers sets auction records for works by Chicago artists

Exhibition at TAI Modern celebrates the beguiling confluence of light, shadow, and Japanese bamboo art

British spy thriller author John le Carre dies aged 89

The Met opens nearly two dozen newly installed European Paintings Galleries

Eli Wilner releases the first price guide with retail replacement valuations for period frames

Christie's New York Magnificent Jewels totals $44.58 million

In her book Twelve Paintings Tal Sterngast explores the contemporary relevance of the Old Masters

Gifts of enduring value: Whyte's announces Christmas online auction

Universally Unknown opens 'Floating Downstream' by Tom Dunn

Ukraine seeks World Heritage status for Chernobyl zone

Phillips' Racing Pulse auction realizes $27.6 million, concluding a record-setting year

Moroccan schools to teach Jewish history and culture

Museums partner to grow Asian art provenance researcher community

LACMA and Snap Inc. to bring together artists and technologists to create new monuments and murals

French theatres, cinemas bid to overturn virus closure

Noah Creshevsky, composer of 'hyperreal' music, dies at 75

An epic Israeli TV drama exposes war wounds old and new

Chennai Photo Biennale - Edition III announces first list of artists and curatorial concept

Charlie Brown original 'Peanuts' artwork sells for $288,000

Ghana's first independent artist residency program unveils new works by Emmanuel Taku

Robert Berry Gallery presents the first solo show of Wilmington-based artist Jennifer Small

Erik Parker solo exhibition "New Solitude" opens at Over the Influence Hong Kong

Phillips Hong Kong fall auctions realise HK$710 million

Kunstraum Lakeside presents an exhibition of works by Maria Anwander and Ruben Aubrecht

All you need to know about HTML5 Banner Ads

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful