#patek philippe 2523 south america

The May 2026 Geneva auction season combined for $158 million plus across Phillips, Christie's, and Sotheby's. Records set for Rolex Daytona Paul Newman, A. Lange and Sohne, Cartier Crash, and the Patek Philippe 2523 South America. Here is what the trifecta tells us about the pre-owned watch market through the rest of 2026.

Phillips' Geneva Watch Auction XXIII closed at CHF 74.85 million ($96.3M) on May 10, 2026, becoming the highest-grossing watch auction ever held. 43 world records, 224 of 225 lots sold, 14 lots over CHF 1 million. A working dealer's read on what the results mean for the pre-owned market.