Navigating the Watch World with Aurel Bacs and the Anticipation Surrounding Patek Philippe 1518 Auction

Aurel Bacs, as a renowned global auctioneer, is synonymous with the luxury watch auction world. His journey from a middle-class upbringing in Switzerland to the rostrum at Phillips is nothing short of inspirational. Fondly, he recalls developing an affinity for watches at a tender age of eleven or twelve, which later guided him into the domain of auctioneering with Sotheby’s, and subsequently, Phillips. His knack for storytelling coupled with his astute knowledge of provenance has undoubtedly revolutionized the perception and value of mechanical watches across the globe.

Bacs reminisces his experience of setting the unprecedented 2017 record of selling Paul Newman’s Rolex Daytona 6263 for an astonishing $17.75 million. A clear testament to his expertise and influence in the high-stakes world of watch auctions.

In a separate roundtable discussion convened by Phillips, scholars, collectors, and rivals gathered to debate the significance of the Patek Philippe 1518, one of the most coveted chronographs. The discussion encompassed the evolution of its value and its stand as a high-value financial asset, revealing the profound impact and significance of this timeless piece in the collectables market.