"REFRESH: RELOAD" opens for bidding this Wednesday, May 20 and is running through Thursday, May 28 at 10 p.m. (HKT).
The online-only sale, assembled by the house's Asia team, features a mix of collecting categories that includes watches, jewelry, as well as 20th century and contemporary art.
Phillips describes the sale as "reflecting the fast-changing landscape of our age," while providing a way to service clients who are collecting artworks and other objects across various categories.
"Curated in two complementary parts, 'REFRESH' embodies a more romantic and lighthearted aesthetic, bringing together colourful and fun contemporary artworks alongside elegant jewellery and timepieces. The second half of the sale, 'RELOAD' will see cutting-edge jewellery and watches offered alongside fresh, trend-setting art, editions and collectibles," said Delissa Handoko, head of Online Sales, Hong Kong, Phillips, in a statement.
The online auction offers a total of 180 lots, among which pieces by Yayoi Kusama, George Condo, Andy Warhol, Banksy, and Yoshitomo Nara.
Jeff Koons' "Balloon Dog (Red)" is estimated to fetch between HK$60,000 and HK$80,000 (about $7,700 and $10,300), while Wolfgang Tillmans' "Sahara Reflex" is expected to realize up to HK$70,000 (around $9,000).
Also up for grabs is a "Future History" bag designed by Virgil Abloh and Takashi Murakami, which carries an estimate between HK$30,000 and HK$50,000 (about $3,800 and $6,400).
Additionally, "REFRESH: RELOAD" includes a variety of watches that ranges from auction favorites Rolex and Patek Philippe to items that rarely appear in the market.
Among them is a rare pink gold dual time wristwatch with center seconds by Patek Philippe, which is expected to sell for between HK$400,000 and HK$620,000 (around $51,300 and $79,500).
"REFRESH: RELOAD" also features jewelry pieces from iconic French brands like Cartier and Van Cleef & Arpels, as well as London diamond jeweler Graff.
While the sale is available to browse on the website of Phillips, highlights of "REFRESH: RELOAD" are exhibited through May 28 in Phillips' Hong Kong Gallery by appointment only.
Viewings are held in hourly slots from 10 a.m. to 6 p.m. (HKT), with a maximum of four persons per slot.