Auctions & Estates

Phillips Geneva sells a Journe at CHF 8.68m and a Patek at CHF 6.27m

Lot 7, a 2002 F.P. Journe Résonance, hammered at CHF 7.1 million against an estimate of more than CHF 1 million, before buyer's premium. The 1945 Patek hammered at CHF 5.1 million against a CHF 4 million high estimate.

By Carat Capital

What changed

The Journe outsold the Patek. Phillips sold an F.P. Journe Résonance for CHF 8.68m and a 1945 Patek Philippe Ref. 1436 for CHF 6.27m in Geneva on 7 November. Both prices include buyer's premium.

What it means

  • If you price independents: lot 60, a Journe Vagabondage III, hammered at CHF 4.1 million, 5.9 times its CHF 700,000 high estimate.
  • If you consign vintage Patek: the Ref. 1436 hammered 27.5% above its high estimate.
  • What this is not: a sale total or a sell-through rate. The second session, with the Cartier Portico clock, runs on 8 November.

Key figures

Lot 7, Journehammer CHF 7.1mCHF 8,680,500
Lot 95, Patekhammer CHF 5.1mCHF 6,267,000
Patek hammerabove CHF 4m high estimate+27.5%
Vagabondage IIIhammer over high estimate5.9x
Lots over CHF 1mSold For, lots 1-1077

Source: Phillips, Geneva Watch Auction: XXIV, session of 7 November 2026, sale page and lot pages read 8 November 2026 · Sold For includes buyer's premium; estimates exclude it

Two hammers above CHF 5 million.

Lot 7 led. The Journe, a 2002 platinum Résonance with a hand-engraved pink-gold dial, hammered at CHF 7.1 million and sold for CHF 8,680,500. Phillips had estimated it at more than CHF 1 million.

Patek beat its estimate. The 1945 steel split-seconds chronograph hammered at CHF 5.1 million, above its CHF 4 million high estimate. It sold for CHF 6,267,000.

The seven lots that sold for more than CHF 1 million on 7 NovemberPhillips sale page and lot pages · Swiss francs · Sold For includes premium; estimates and hammers exclude it
LotWatchEstimateHammerSold For
7F.P. Journe Résonance Régence, platinum, 2002In excess of 1,000,0007,100,0008,680,500
95Patek Philippe Ref. 1436 split-seconds, steel, 19452,000,000–4,000,0005,100,0006,267,000
60F.P. Journe Vagabondage III, 2019350,000–700,0004,100,0005,057,000
106Philippe Dufour Simplicity, platinum, 2004350,000–700,0001,550,0001,968,500
20Rolex Daytona Ref. 6241 John Player Special800,000–1,600,0001,500,0001,905,000
107Harry Winston and F.P. Journe Opus One400,000–800,0001,100,0001,397,000
34F.P. Journe Octa Calendrier Sincere, circa 2006250,000–500,000925,0001,174,750

Source. Phillips' sale page for lots and estimates; hammer and Sold For from each lot page's data, and for lot 107 from the sale page's.

Five of six banded lots. hammered above the high estimate; lot 20 hammered inside its band.

Lot 7. carried a floor, not a band.

Independents cleared their estimates.

Journe and Dufour ran. The Journe Vagabondage III hammered at 5.9x its high estimate, and Philippe Dufour's Simplicity at 2.2 times. The Harry Winston and Journe Opus One hammered at 1.4 times.

The Rolex stayed inside. The Daytona John Player Special hammered at CHF 1.5 million, inside its CHF 800,000 to 1.6 million band.

What to watch

  • 8 November 2026The second session, lots 108 to 221, with the Cartier Portico No. 4. The test: whether lot 220 hammers inside its CHF 1.8 million to 3.6 million estimate.
  • 8 November 2026Second-session Journe lots 125, 151, 161, 211 and 213. The test: whether they too hammer above their high estimates.
  • November 2026The F.P. Journe Résonance serial 022, offered by another house. The test: how it compares with lot 7's CHF 7.1 million hammer.

The story so far

  1. Phillips offers Cartier's Portico No. 4 as lot 220 in the second session.
  2. Lot 95, the 1945 Patek split-seconds, carried a CHF 4 million upper estimate.
  3. A Journe Vagabondage II made $1,016,000 as bidding moved toward independents.

Go deeper

What would change this call

Lot 7 and lot 60 are two watches. If the second session's Journe lots, 125, 151, 161, 211 and 213, hammer inside their bands, the first session's multiples read as single-lot results, not a trend.

How a Phillips price is built

The hammer is the winning bid. Phillips adds a buyer's premium on a cumulative basis: 27% of the hammer up to CHF 1,600,000, 21% from there to CHF 7,000,000 and 14.5% above. The Sold For price is hammer plus premium. Estimates are set on the hammer, so a Sold For price is never compared with an estimate here.

Method

Phillips' sale page for Geneva Watch Auction: XXIV, https://www.phillips.com/auction/CH080426, read 04:5x EST 8 November 2026 (2,487,676 bytes, identifying user agent; the same byte count the Bureau measured at 04:4x). Each grid tile reads lot, maker, model, 'Estimate', and 'Sold For'. Lots 1 to 107 each carry a Sold For; the page data gives the second session as lots 108 to 221 ('lotNumberStart' 108, 'lotNumberEnd' 221). Lot pages read 8 November: lot 7 (180,438 bytes) 'soldPrice',8680500,'hammerPrice',7100000, year 2002, platinum, 'hand engraved shiny pink gold dial'; lot 95 (194,243) 6267000 / 5100000, 1945, stainless steel; lot 60 (170,356) 5057000 / 4100000, 2019; lot 106 (170,615) 1968500 / 1550000, 2004, platinum; lot 20 (179,901) 1905000 / 1500000; lot 34 (165,066) 1174750 / 925000; lot 107 from the sale page's data, 1397000 / 1100000. Premium tiers quoted from the sale page: '27% of the hammer price up to and including CHF1,600,000, 21% of the portion of the hammer price above CHF1,600,000 up to and including CHF7,000,000 and 14.5% of the portion ... above CHF7,000,000'. Checks, ours: lot 7, 432,000 + 0.21 x 5,400,000 + 0.145 x 100,000 = 1,580,500; 7,100,000 + 1,580,500 = 8,680,500. Lot 95, 432,000 + 0.21 x 3,500,000 = 1,167,000; 5,100,000 + 1,167,000 = 6,267,000. Ratios of hammer to high estimate: 5,100,000 / 4,000,000 = 1.275, so 27.5% above; 4,100,000 / 700,000 = 5.86; 1,550,000 / 700,000 = 2.21; 1,100,000 / 800,000 = 1.375; 925,000 / 500,000 = 1.85; 1,500,000 / 1,600,000 = 0.9375, inside the band. Seven Sold For values at or above CHF 1,000,000 among lots 1 to 107 (parsed from the tiles: 8,680,500; 6,267,000; 5,057,000; 1,968,500; 1,905,000; 1,397,000; 1,174,750). No sale total is printed: Phillips' page gives none that was read, and a sum of tiles is not a house figure. Prior coverage: the 18 September preview gave lot 95's estimate; this page gives the result. The 18 July Vagabondage II result was a different watch.

Sources7
  1. Phillips, Geneva Watch Auction: XXIV, sale page (session of 7 November 2026)
  2. Phillips, Lot 7, F.P. Journe Chronomètre à Resonance "Régence"
  3. Phillips, Lot 95, Patek Philippe Ref. 1436
  4. Phillips, Lot 60, F.P. Journe Vagabondage III
  5. Phillips, Lot 106, Philippe Dufour Simplicity
  6. Phillips, Lot 20, Rolex Ref. 6241 "John Player Special"
  7. Phillips, Lot 34, F.P. Journe Octa Calendrier "Sincere"