The Horological Society of New York (HSNY) raised $81,396 at its online Timepieces for HSNY: 2021 Charity Auction, presented by Phillips in Association with Bacs & Russo from June 7 to June 14. The 2021 figures nearly doubled the $45,000 raised by HSNY in 2019.
All seven of the auction lots sold, either at or above their estimated prices. HSNY reports that more than sixty horological enthusiasts were placing bids from around the world.
Highlights from the auction include HM Horological Society New York, a unique timepiece made especially for HSNY by Arnold & Son, which sold for $30,240, well above its high-end estimate. Additional lots included watches made by Rolex (pictured at top), 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.
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. In all, HSNY awarded $70,000 in scholarships and awards in April 2021.
Click here for more details about the auction.