The “Important Watches” auction, organized by Sotheby’s in New York on June 15, 2022, presented an exclusive selection of 170 pieces from the best watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $18,964,890 USD, representing 92% of the lots presented.
BEST RESULTS
Lot 73 : AUDEMARS PIGUET, Reference 26605CE.00.1248CE.98 Royal Oak Grand Complication, Special Order, ceramic bracelet chronograph with perpetual calendar, minute repeater and split-second function, circa 2020. Sold for $1,134,000 USD.
Lot 75 : F.P. JOURNE, Tourbillon Souverain à Remontoir d’Egalité, platinum wristwatch with constant-force winding mechanism, power reserve and brass movement, circa 1999. Sold for $882,000 USD.
BEST PERFORMANCES
Lot 73 : AUDEMARS PIGUET, Reference 26605CE.00.1248CE.98 Royal Oak Grand Complication, Special Order, ceramic bracelet chronograph with perpetual calendar, minute repeater and split-seconds function, circa 2020. 467% variation between the low estimate and the final result ($1,134,000 USD).
Lot 72 : AUDEMARS PIGUET, Reference 26585CE.OO.1225CE.01 Royal Oak Perpetual Calendar Openworked, ceramic skeletonized wristwatch with perpetual calendar and moon phases, circa 2019. 253% variation between the low estimate and the final result ($529,200 USD).
Lot 43 : CARTIER, art deco platinum bracelet watch set with diamonds and pearls, circa 1913. 215% change between low estimate and final result ($63,000 USD)
BREAKDOWN BY BRAND
Patek Philippe
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE realized the highest figure of the sale, $6,287,400 USD
Audemars Piguet
Occupying the second place of the best price ranking of the sale. AUDEMARS PIGUET realized a figure of $6,264,720 USD
Rolex
With a watch that fetched $630,000 USD, Rolex was the third best performing brand in the sale with a result of $2,616,390 USD.
These three brands represented total proceeds of $15,168,510 USD, or 80% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 170 in total, including 14 unsold lots, the average price of a lot was $121,570 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Audemars Piguet and Rolex.
GEOFFROY ADER
