The Important Watches auction organized by Sotheby’s featured an exclusive selection of 391 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including expenses: 15 994 784 $ USD, selling nearly 80% of the lots presented.
BEST RESULTS
Lot 2328 : Patek Philippe ref. 5020, possibly unique platinum perpetual calendar chronograph wristwatch with moon phases, leap year indication, special luminous monogram blue dial and platinum bracelet, sold for 709 865 $ USD.
Lot 2300 : Rolex ref. 16528, Cosmograph Daytona model, possibly unique 18k yellow gold chronograph wristwatch with red dial, suspended logo and bracelet, sold for 541 153 $ USD.
BEST PERFORMANCES
Lot 2117 : Chanel ref. J11129, Ruban model, 18k white gold and diamond-set wristwatch with mother-of-pearl dial, or 400% variation between the low estimate and the final result (19 100 $ USD).
Lot 2077 : Audemars Piguet ref. 25960BC, Royal Oak model, 18k white gold automatic chronograph wristwatch with date and salmon dial, or 275% variation between the low estimate and the final result (57 299 $ USD).
Lot 2190 : Patek Philippe ref. 5980, Nautilus model, 18k pink gold chronograph wristwatch with date, or 213% variation between the low estimate and the final result (95 498 $ USD).
Lot 2172 : Patek Philippe ref. 3700, Nautilus model, stainless steel automatic wristwatch with date and bracelet, or 213% variation between the low estimate and the final result (63 665 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having exceeded 700 000 $ USD, average per lot 67 698 $ USD. A result based on the highest bid of the sale with lot 2328.
Rolex
On the second step of the podium, with a watch above 500 000 $ USD, average per lot 55 820 $ USD. A result based on the second highest bid of the sale with lot 2300.
Richard Mille
On the third step of the podium, with a watch passing the 300 000 $ USD mark, average per lot 184 364 $ USD.
These three brands represent total proceeds of 11 961 577 $ USD, or nearly 75% of total sales.
AVERAGE PRICE PER LOT
Considering the number of lots, 391 in total, including 86 unsold lots, the average price of one lot was 52 442 $ USD.
CONCLUSION
This sale demonstrated once again the dynamism of the market in the auctions, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex, and Richard Mille.
