SJX Watches
Auction: Japanese Watches in Demand at Phillips’ Toki Sale
A thematic sale of watches related to Japan, Toki just concluded at Phillips in Hong Kong over the weekend, notching up HK$61.8 million with fees, equivalent to US$7.95 million. Comprised of watches sold in Japan or made for the country, the catalogue included familiar names like Seiko and Casio, but also independent watchmakers like Masahiro Kikuno, along with a host of limited editions by Swiss brands for the Japanese market. A novel concept given the dominance of Swiss brands in watch auctions, both in terms of value and volume, Toki surprised on the upside. The 115-lot auction included lots of surprising and notable results, like HK$1.14 million (about US$147,000) for the Casio G-Shock Dream Project, double the original retail price. Thomas Perazzi at the rostrum. Image – Phillips Toki and the subsequent main sale showed the momentum established during the Geneva auctions two weeks ago carried on into Hong Kong. The strength of the sale is also credit to the Phillips watch department in Asia led by Thomas Perazzi, which conceived Toki a year ago with the help of Tokyo-based consultants for Phillips, Kaz Fujimoto and Genki Sakamoto. The unusual theme was realised well with a carefully curated catalogue. Many of the watches in Toki were simply unavailable anywhere else. With only 35 made and all sold via a lottery in 2020, where else can one find a solid-gold G-Shock? This reflected in the diverse nature of the bidders. Most bids in the sale came from phone bidders an...
