Last week, Phillips held their latest watch auction in Hong Kong: the Phillips Hong Kong Watch Auction XI. As per usual, there were some very neat, rare, and illustrious lots collectors would salivate over – eager to add such fine timepieces to their collections. While the globe may have taken a beating this year from the pandemic, it is clear that top tier collectors and buyers are still eager to acquire fine watches for top dollar hammer prices. This auction, however, had an unexpected assembly of new watches. Each of the new colors within the 2020 Stella-inspired Rolex Oyster Perpetual 36 models were up for grabs – a fact that has invoked the ire of many on our, and Rolex’s, social media platforms. It is rather sad that consumers, myself included, can’t find one of these watches at retail and yet all of them were together in one auction for purchase. This inaccessibility has been the elephant in the room of the watch industry for a couple of years, but never like what we’ve seen in 2020, and we had to cover it in more details in the 2020 edition of NOW Magazine (you can buy it and read the…
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