Phillips Names New Watch Specialist

RAPAPORT… Phillips, together with its partner Bacs & Russo, has
appointed James Marks as international watch specialist to oversee the
department’s sourcing efforts, the auction house said Monday.

Marks (pictured) comes from a finance background, and
was most recently a portfolio manager for a commodity hedge fund. He has been a
member of the timepiece community for many years, primarily focusing on vintage
Rolex and Patek Phillipe wristwatches.

Marks will work with current clients and cultivate new ones
through his network in the industry. He will also focus on redefining Phillips’s
UK watch strategy, as well as developing a long-term sourcing plan for the auction
house’s selling centers and assisting with global auctions.

“Coming to Phillips with an outstanding reputation in our
community and a solid network within the collectors’ community, we are
delighted to welcome James to our team of passionate specialists,” said Aurel
Bacs, senior consultant for Phillips. “James brings with him considerable
knowledge and, like so many of us, he has now decided to turn his passion for
watches into a full-time career.”

Marks will be based in the company’s London office. Phillips’s
watch department is an association with Bacs & Russo, a timepiece
consultancy.