US import tariffs: Non-US origin lots in this sale (including watches and timepieces with Swiss-made or non-US made movements) will be subject to special tariffs upon import to the USA, currently ranging from 10% to 39% on the total invoice price (hammer price plus buyer’s premium). Buyers are responsible for paying any applicable tariffs, duties, taxes and charges when importing their purchased lots. Due to the evolving nature of international trade regulations, we recommend clients consult with their local customs office or advisor for up-to-date information on the applicable tariffs.

Please note that the Bids exclude the Buyer’s Premium, which is calculated on the hammer price of the lot at the following rates on a cumulative basis:
27% on the portion of the hammer price up to and including CHF 1,000,000; and
21% on the portion of the hammer price above CHF 1,000,000 up to and including CHF 6,000,000 and
14.5% on the portion of the hammer price above CHF 6,000,000

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Alexandre Ghotbi
Deputy Chairman, Watches, Head of Watches, Europe, and Middle East
aghotbi@phillips.com
+41 22 317 81 81

Tiffany To
Senior International Specialist, Head of Sale, Watches Geneva
tto@phillips.com
+41 22 317 96 63