Another auction? Well, not quite “another”. Phillips in Association with Bacs & Russo is staging its first-ever mid-year watch sale in New York on June 11th and 12th. This new event is a strong indication of how much the market is bubbling. Phillips is certainly wasting no time in capitalizing on the soaring interest and demand from collectors. The watch-specialist team also demonstrates how much traction it has built stateside by assembling a sought-after lineup for this weekend. This includes exotic lemon-dial luxury replica Rolex “Paul Newman” Daytona ref. 6264 watches with a $1.2 million price tag, no less. What…