All Proceeds Made in Collaboration With Phillips in Association with Bacs & Russo To Help Advance Art & Science of Horology
The Horological Society of New York (HSNY) announces that it has successfully raised $81,396 at its Timepieces for HSNY: 2021 Charity Auction, presented online by Phillips in Association with Bacs & Russo from June 7-14. The 2021 figures nearly doubled the $45,000 raised by HSNY in 2019.
This year, HSNY broke its record for most money raised at auction, and looks ahead to a bright scholarship and award season in 2022. With the help of HSNY’s generous donors, all seven lots sold — either at or above their estimated price — with no reserves across all timepieces. A friendly bidding war ensued over a week’s time, with 60 horological enthusiasts placing bids from around the world.
Highlights from Timepieces for HSNY: 2021 Charity Auction included HM Horological Society New York, a unique timepiece made especially for HSNY by Arnold & Son. The one-of-one 18-karat pink gold wristwatch with the iconic Manhattan Bridge hand-painted on a luminous mother-of-pearl dial sold for $30,240, more than 300% above its high-end estimate. Additional lots included coveted masterpieces by Rolex, Patek Philippe, Grand Seiko, Ulysse Nardin and Greubel Forsey.
“The incredible results from Timepieces for HSNY: Online Charity Auction 2021 will enable HSNY to further expand our annual financial aid programs, including scholarships for watchmaking students and grants for watchmaking schools,” said HSNY Executive Director Nicholas Manousos. “Sincere thanks to the amazing team at Phillips and all the enthusiastic bidders.”
All proceeds from the auction will benefit HSNY in its ongoing mission to advance the art and science of horology, which includes offering financial aid to watchmaking institutions and full-time watchmaking students in the United States. In 2021, HSNY offered four financial aid opportunities, and introduced the Benjamin Banneker Scholarship for Black Watchmaking Students and the Oscar Waldan Scholarship for Jewish Watchmaking Students to continue the Society’s spirit of expansion and inclusivity and serve underrepresented minorities in the watchmaking industry. America’s oldest watchmaking guild awarded $70,000 in scholarships and awards in April 2021 — its most to-date — following its highest volume of applications received. To meet the growing demand, the Society raised its scholarship and award offerings by 32% in 2021 and hopes to continue to expand for years to come.
View Timepieces for HSNY: 2021 Charity Auction highlights & results here.
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About Phillips in Association with Bacs & Russo
Phillips in Association with Bacs & Russo is the watch department at Phillips auction house, dedicated exclusively to the world's finest collectors' watches. Launched in November 2014 by Aurel Bacs and his partner, Livia Russo, the department was established in response to the ever-increasing need for today's collectors to easily access scholarship, guidance and quality across the board. Based in New York, Geneva, London, Hong Kong and Japan, the team of specialists at Phillips Watches is dedicated to an uncompromised approach to quality, transparency and client service. With multiple world records, including for a Rolex wristwatch, vintage Patek Philippe wristwatch, and Omega wristwatch sold at auction, Phillips achieved $133 million in 2020, the highest annual sale total ever for any watch auction department. In 2019, the auction house opened Phillips PERPETUAL, a private sale program with physical and digital storefronts that offers a highly curated selection of watches sold at fixed prices.
Official website: www.phillips.com/watches
About the Horological Society of New York
Founded in 1866, the Horological Society of New York (HSNY) is one of the oldest continuously operating horological associations in the world. Today, HSNY is a 501(c)(3) nonprofit organization dedicated to advancing the art and science of horology through education. Members are a diverse mix of watchmakers, clockmakers, executives, journalists, auctioneers, historians, salespeople and collectors, reflecting the rich nature of horology in New York City and around the world.
Official website: https://hs-ny.org