The Geneva Watch Auction: XVII, organized by Phillips in Geneva on May 13 and 14, 2023, featured an exclusive selection of 208 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $52,936,845 USD, or 98% of lots presented.
BEST RESULTS
Lot 102 : ROLEX, ref.6270, circa 1988. Bracelet chronograph in 18K (750) yellow gold, sapphires and diamonds. Sold for $4,140,918 USD.
Lot 23 : PATEK PHILIPPE, ref. 2499 “Second Generation”, circa 1953. Bracelet chronograph in 18K (750) yellow gold. Sold for $3,597,773 USD.
BEST PERFORMANCES
Lot 159 : GERALD GENTA, Retro, ref. G.3634. Steel bracelet watch with mother-of-pearl dial and Arabic numerals. 560% variation between low estimate and final result ($37,055 USD).
Lot 195 : ROLEX, ref. 4062, circa 1945. Bracelet chronograph in 18K (750) yellow gold. 560% variation between the low estimate and the final result ($185,275 USD).
Lot 205 : VACHERON CONSTANTIN, ref. 44018 / 44518, circa 1982. Bracelet watch in 18K (750) white gold, probably one of a kind. 471% variation between low estimate and final result (641 337 $ USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place among the sale’s top prices. PATEK PHILIPPE achieved the sale’s best result of $23,304,615 USD.
ROLEX
Occupying second place in the ranking of best sale prices. ROLEX realized $13,699,986 USD.
F.P. JOURNE
With a watch that fetched $470,314 USD, F.P. JOURNE was the third best-performing brand in the sale, with a result of $2,372,948 USD.
These three brands accounted for total proceeds of $39,377,549 USD, or 74% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 208 in all, including 5 unsold lots, the average price per lot was $254,504 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Audemars Piguet.
GEOFFROY ADER
