The “Important Watches II” auction, organized by Sotheby’s in Hong Kong on April 14, 2023, featured an exclusive selection of 273 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $2,183,221 USD, representing 78% of the lots presented.
BEST RESULTS
Lot 8601 : PATEK PHILIPPE, Nautilus ref. 5980. Bracelet watch in 18k (750) rose gold. Sold for $97,079 USD.
Lot 8761 : FRANCK MULLER, Revolution 2. 18k (750) yellow gold three-dimensional two-axis tourbillon wristwatch with retrograde seconds and eight-minute cage rotation display. Sold for $45,303 USD.
BEST PERFORMANCES
Lot 8643 : GERALD GENTA, Fantasy Retro Mickey Mouse, Ref. M.10. Steel wristwatch with mother-of-pearl dial, jumping hour and retrograde minute. Limited edition of 10. 281% variation between low estimate and final result ($19,416 USD).
Lot 8734 : ROLEX, Oysterquartz DateJust, Ref. 17013. Steel and 18k (750) yellow gold wristwatch. 222% variation between low estimate and final result ($6,148 USD).
Lot 8619 : HUBLOT, Big Bang Unico Sang Bleu. Ceramic and titanium wristwatch. Limited edition of 200. 217% variation between low estimate and final result ($19,415 USD).
BREAKDOWN BY BRAND
AUDEMARS PIGUET
Occupying first place in the sale’s top price ranking. AUDEMARS PIGUET achieved the sale’s top figure of $355,632 USD.
PATEK PHILIPPE
Occupying second place in the best price ranking. PATEK PHILIPPE achieved a sale price of $302,320 USD.
FRANCK MULLER
With a watch that fetched $21,034 USD, FRANCK MULLER was the third best-performing brand in the sale, with a result of $162,445 USD.
These three brands represented total proceeds of $820,397 USD, or 38% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 273 in all, including 60 unsold lots, the average price per lot was $10,250 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Audemars Piguet, Patek Philippe and Franck Muller.
GEOFFROY ADER
