The Geneva Watch Auction: XVIII, organized by Phillips ‘s in Geneva on November 4, 2023, featured an exclusive selection of 183 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $43,527,584 USD, or 99% of lots presented.
BEST RESULTS
Lot 120 : PATEK PHILIPPE resold by GÜBELIN, Nautilus ref. 3700/1 Platinum wristwatch, circa 1978. Sold for $2,831,387 USD.
Lot 12 : ROLEX, Daytona ref. 6062. Steel bracelet chronograph with calendar and moon phases, circa 1953. Sold for $2,359,397 USD.
BEST PERFORMANCES
Lot 169 : PATEK PHILIPPE resold by CARTIER, Ref. 2455. Yellow gold bracelet watch, circa 1952. 2,694% variation between low estimate and final result ($311,391 USD).
Lot 30 : BREGUET, Ref. 3237. Yellow gold bracelet chronograph with lapis lazuli circle for hours and minutes, circa 1995. 1 360% variation between low estimate and final result ($226,466 USD).
Lot 104 : MB&F X ALAIN SILBERSTEIN, Pièce unique. Titanium bracelet watch, circa 2010. 1,119% variation between low estimate and final result ($339,699 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the sales price ranking. PATEK PHILIPPE achieved the highest sales figure of $19,201,230 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $9,489,550 USD.
F.P. JOURNE
With a watch that fetched $2,359,397 USD, F.P. JOURNE was the third best-performing brand in the sale, with a result of $3,135,144 USD.
These three brands represented total proceeds of $31,825,924 USD, or 73% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 184 in all, including 1 unsold lot, the average price per lot was $237,856 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 F.P. Journe.
