In an unprecedented feat for the auction house Phillips, watch sales have soared to a record $235 million in just the first half of 2026, driven by landmark events in Geneva, Hong Kong, and New York. The Geneva auction became the most lucrative in history, while New York celebrated the highest total ever in the Americas. A standout moment was the F.P. Journe watch, which sold for a staggering $13.9 million, marking a new record for independent watchmakers. With 30% of bidders new to Phillips and 35% under 40, the market for luxury timepieces is witnessing a dynamic shift towards independent brands.
Month: July 2026
Rolex strengthens ties with National Geographic through new headquarters partnership
Rolex has reaffirmed its long-standing partnership with the National Geographic Society by becoming the Founding Donor of the newly redesigned Base Camp in Washington, D.C. This hub aims to immerse the public in the world of exploration through interactive displays and exhibitions, including the landmark Rolex Explorers Landing. With a collaboration spanning over 70 years, the partnership is set to bolster climate change research through the Perpetual Planet initiative, highlighting the ongoing commitment to scientific exploration. The annual Explorer of the Year award also acknowledges remarkable contributions to conservation, celebrating innovators like Krithi K. Karanth.