With Phillips, even though the focus of the conversation is the Paul Newman PN in New York, the watches assembled in Geneva are still better overall.

But even so, it seems that it is getting harder to make the comparison with bigger items than Geneva one or two years ago. Even though there was a market, quite a few collectors preferred to deal under the table than take what they had to auction.

Even with the energy of an auction house, to collect rare watches at such a pace will still be a tough thing to do.