Phillips watch auction sets a new global record as Geneva watch auctions surpass US$100 million for the first time.

Phillips has done it again. The auction house shattered another record over the weekend, holding the highest-grossing watch ...

After four years of uneven sales, the auction houses engineered a successful season by redefining the expectations of buyers and sellers—and avoiding flops. By Zachary Small, Julia Halperin and Tim F.

The sale pulled in a record $75.8 million across two days, with 100 percent of lots sold.

Phillips will team up with Chinese auction house Yongle to form a new partnership—the two will collaborate on a series of fall sales in Hong Kong and Beijing. The ambitious plan is the ...