Hong Kong Guide for Prospective Buyers of Watches

This guide provides essential information for prospective buyers participating in auctions at Phillips in Hong Kong, effective from April 12, 2026. It outlines the procedures and conditions of sale, emphasizing the importance of understanding the legal relationship between Phillips, the seller, and the buyer. The document details the buyer's premium structure, which varies based on the hammer price of each lot sold. Additionally, it covers pre-auction processes including catalogue subscriptions, pre-sale estimates, and the importance of condition reports for lots. The guide also explains bidding methods, including in-person, telephone, and absentee bids, and the necessary identification and registration requirements for bidders. Furthermore, it addresses the implications of symbols used in the catalogue, such as guarantees and restrictions related to endangered species. Overall, this document serves as a comprehensive resource for potential bidders to navigate the auction process effectively.