Auction house Phillips, along with partner Bacs & Russo, has appointed James Marks (pictured) as international watch specialist.

Based at Phillips’ headquarters in London, Marks will, in his new role, work on redefining the strategy for the U.K. watch department, develop a long-term selling strategy for all centers, and assist in auctions throughout the world. He will also engage with collectors and cultivate a network with collectors in the market.

In a statement, Phillips called Marks “a respected member of the watch community for many years.

“Marks has developed a love and broad knowledge of horology across all areas of watches and wristwatches, focusing mostly on vintage Rolex and Patek Philippe wristwatches,” the statement said. “For years, he has studied watches, engaging with high-profile collectors and developing a very broad understanding of the current market.”

Marks joins Phillips following a 17-year career in finance. He was most recently a portfolio manager for a commodity hedge fund for seven years. Prior to that, he worked at Merrill Lynch and BNP Paribas.

Phillips added a watch department in November 2014 in partnership with watch consultancy Bacs & Russo. Bacs & Russo was founded by Aurel Bacs, the former international head of watches for Christie’s, and Livia Russo, his partner, also formerly of Christie’s.

“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 in a statement. “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. We look forward to working with James in the lead up to the Watchmakers, The Masters of Art Horology exhibition in London, and, of course, next season’s sales in October in New York and in November in Geneva and Hong Kong.”

(Image courtesy of Phillips)

Rob Bates

JCK News Director