The Geneva Watch Auction: XIV, organized by Phillips in Geneva from November 5, 2021, featured an exclusive selection of 251 pieces from the best watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $74,740,762 USD, representing 99% of the lots presented.
BEST RESULTS
Lot 14 : Philippe Dufour,Important two-train minute repeating grande and petite sonnerie wristwatch. Sold for $5,203,479 USD.
Lot 140 : F.P.JOURNE: Platinum and pink gold dual time wristwatch with resonating escapements. Sold for $4,275,421 USD.
BEST PERFORMANCES
Lot 53 : OMEGA, Ref 2915-1 Stainless steel chronograph wristwatch with Broad Arrow hands and chocolate brown “tropical” dial. 3794% variation between the low estimate and the final result ($3,413,653 USD).
Lot 140 : F.P.JOURNE: Platinum and pink gold dual time wristwatch with resonating escapements. 1851% variation between the low estimate and the final result ($4,275,421 USD).
Lot 226A : Cartier. An exquisite gold, diamond, hard stone and rock crystal Mystery Clock with diamond-set hands, key and original box. 1260% variation between the low estimate and the final result ($372,757 USD).
BREAKDOWN BY BRAND
Patek Philippe
Having realized the highest figure with $19,343,278 USD, Patek Philippe is in first place. The Patek Philippe record for this sale was lot 63, which sold for $3,877,682.
Philippe Dufour
Having realized $12,635,392 USD, Philippe Dufour is on the second step of the podium. Philippe Dufour’s record for this sale is lot 14 which sold for $5,203,479 USD
F.P. Journe
Having realized $ 12 291 125 USD, F.P. Journe was the third highest bidder. F.P. Journe’s record for this sale is lot 140 which sold for $4,275,421 USD.
These three brands accounted for total proceeds of $44,269,795 USD, or over 59% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 251 in total, including 2 unsold lots, the average price of a lot was $300,164 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Philippe Dufour and F.P. Journe.
