Aurel Bacs, a renowned auctioneer, has positioned himself at the forefront of the luxury watch market, facilitating over $1.6 billion in sales during his career. His partnership with Phillips Auctioneers, alongside his wife, Livia Russo, has attracted collectors from around the world, solidifying his reputation as a leading figure in the industry.
Bacs, who began his journey in the world of horology as a teenager in Zurich, has spent the past 30 years at prestigious auction houses, showcasing exquisite and rare timepieces. His expertise and passion have earned him the affectionate title of “the Indiana Jones of watches,” reflecting his adventurous spirit in sourcing unique items for his auctions.
Bacs describes watch collecting as an emotional journey rather than a purely rational investment. “It’s a love affair, and you cannot put limits on love,” he states, emphasizing the personal connection many collectors have with their timepieces. This sentiment resonates deeply in a market that combines artistry, craftsmanship, and personal history.
The auctioneer’s approach to watch collecting is both engaging and dynamic. Bacs ensures that each auction is an experience, captivating the interest of thousands. His ability to connect with collectors and enthusiasts has made his events highly anticipated in the horological calendar.
In conversations with correspondent Mark Strassmann, Bacs elaborates on the nuances of the watch market. He notes that the passion for watches transcends mere monetary value, making it a unique segment within the luxury goods industry. Collectors often seek pieces that tell a story, which adds to their allure and value.
The collaboration between Bacs and Phillips Auctioneers has resulted in an impressive track record. The firm has become synonymous with high-end watch auctions, attracting significant media attention and participation from elite collectors. The success of their auctions reflects not only the quality of the timepieces offered but also the strong rapport Bacs has built within the global watch community.
As the luxury watch market continues to evolve, Bacs remains a pivotal figure, influencing trends and shaping the future of watch collecting. His commitment to excellence and passion for the craft ensures that he will remain a key player in this competitive field for years to come. Collectors and enthusiasts alike eagerly await his next auction, knowing they will encounter some of the finest timepieces in the world.
