At its first Hong Kong watch auction on 1 December 2015, Phillips sold watches by Patek Philippe, Rolex, Audemars Piguet, Vacheron Constantin, Cartier and others. The extraordinary value attained in particular by Patek Philippe as collectors’ items was shown by the fact that all top five lots were timepieces by this brand, and the top seller reached US$ 1,553,000, the highest price ever paid for a wristwatch at auction in Asia. Phillips recently opened its new Asian headquarters in the Landmark building in Central Hong Kong.

Here are the top 5 watches sold at the auction:

Patek Philippe Reference 3450

Extremely rare white gold automatic perpetual wristwatch, manufactured in 1985, sold for US$1,553,000 / €1,465,394. Lot 305.

Patek Philippe tourbillon watch

Stainless steel, open-face watch with one minute tourbillon regulator awarded first prize at the Geneva Astronomical Observatory for the timing contest on February 3, 1931, sold for US$624,279 / €587,956. Lot 315.

Patek Philippe Reference 5016

Platinum minute repeating perpetual calendar tourbillon wristwatch with retrograde date, moon phases and leap year indication, 2002, sold for US$500,454 / €471,380. Lot 352.

Patek Philippe Reference 5004

Rare white gold perpetual calendar split seconds chronograph wristwatch with moon phases, leap year indicator and unusual salmon dial sold for US$423,064 / €398,554. Lot 344.

Patek Philippe Reference 3939

Platinum minute repeating tourbillon wristwatch with enamel dial, Breguet numerals, sold for US$384,368 / €362,190. Lot 139.