The New York Watch Auction: EIGHT, organized by Phillips in New York on June 10, 2023, featured an exclusive selection of 138 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $26,358,555 USD, or 99% of lots presented.
BEST RESULTS
Lot 12 : ROGER SMITH, Pièce unique, Perpetual calendar in 18k yellow gold with tourbillon regulator, moon phases. Sold for $4,900,000 USD.
Lot 89 : PATEK PHILIPPE “Pristine Forest”, ref. 2481, 18k (750) yellow gold bracelet watch with cloisonné enamel. Sold for $1,117,600 USD.
BEST PERFORMANCES
Lot 134 : AUDEMARS PIGUET, Platinum pocket watch with minute repeater, perpetual calendar, chronograph with split-seconds function and moon phases. 958% variation between low estimate and final result ($635,000 USD).
Lot 126 : ZENITH, Ref. A384, steel bracelet chronograph with tropical dial. 747% variation between low estimate and final result ($50,800 USD).
Lot 1 : GRAND SEIKO, Ref. SBGH297, Limited edition of 260. Steel wristwatch produced exclusively for the Japanese market. 535% variation between the low estimate and the final result ($19,050 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of best sales prices. PATEK PHILIPPE achieved the highest sales figure of $8,134,350 USD.
ROGER SMITH
Occupying second place in the sale’s top-price ranking. ROGER SMITH realized $4,900,000 USD.
ROLEX
With a watch that fetched $145,503 USD, ROLEX was the third best-performing brand in the sale, with a result of $4,219,575 USD.
These three brands accounted for total proceeds of $17,253,925 USD, or 65% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 138 in all, including 2 unsold lots, the average price per lot was $193,813 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Roger Smith and Rolex.
