Compared with 10 years ago, the face of the Vietnamese replica watch market has changed a lot. High-end brands of watches are not as widely sold in Vietnam as they are now. Today in 2 big cities in Vietnam, customers have seen the emergence of many official authorized boutiques and specialty stores of fake rolex, Patek Philippe, Vacheron Constantin, Omega, etc., and at the same time, similar to those around the world. Also a community of watch collectors. These are people who love every mechanical movement and are willing to follow their passion.
On June 28th, in Ho Chi Minh City, a group of watch collectors gathered to share more about the hobby of "collecting" watches, and representatives from Phillips, the most active auction house in the world, were also present.
Harry Phillips founded Phillips Auction House in Westminster, London, England in 1796. After several business transactions, Mercury is now the owner of the auction house. In 2014, CEO Edward Dolman (Edward Dolman) joined Phillips after working at Christie's for 27 years, opening a new chapter in the continuous development of the auction house. In the same year, he jointly established Phillips with Bacs & Russo and attracted Many industry talents such as Aurel joined the company. Bacchus and Livia Russell.
The auction market will be divided into two seasons: spring and autumn. The spring auction season is replica watches concentrated in May, especially the Geneva watch auction held in May 2023: At the seventeenth auction, Phillips teamed up with Bacs & Russo to sell 47,172,380 Swiss francs, equivalent to 52,488,707 US dollars, surpassing Antiquorum, Christie's, Sotheby's, became the leaders. A two-day auction in Geneva on the weekend of the 14th and 15th. The highest priced watches (via public auction, not charity) are sold by the Phillips department. Specifically, a Rolex Cosmograph Daytona Paul Newman owned by actor and racing driver Paul Newman himself has sold for $17.7 million.