The “Fine Watches” auction, organized by Sotheby’s in Hong Kong on February 1, 2024, featured an exclusive selection of 199 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $2,660,571 USD, representing 78% of the lots presented.
BEST RESULTS
Lot 2101 : RICHARD MILLE, RM004 V2 Limited Edition “All Grey”, titanium semi-skeleton wrist chronograph with power-reserve indication, circa 2009. Sold for $357,353 USD.
Lot 2103 :ROLEX, Oysterquartz Day-Date, Reference 19168, Yellow gold, diamond and sapphire wristwatch, circa 1985. Sold for $154,311 USD.
BEST PERFORMANCES
Lot 2233 : BUCCELLATI, Anthochron, White gold and diamond cuff watch with mother-of-pearl dial, circa 1995. 408% variation between low estimate and final result ($25,989 USD).
Lot 2103 : ROLEX, Oysterquartz Day-Date, Reference 19168, Yellow gold, diamond and sapphire wristwatch, circa 1985. 201% variation between low estimate and final result ($154,311 USD).
Lot 2216 : CARTIER, Baignoire, Reference W8000005, Rose gold bracelet watch, circa 1995. 169% variation between low estimate and final result ($13,806 USD).
BREAKDOWN BY BRAND
ROLEX
Occupying first place in the best sales price ranking. ROLEX achieved the highest sales figure of $618,382 USD.
PATEK PHILIPPE
Occupying second place in the ranking of best sale prices. PATEK PHILIPPE realized $567,460 USD.
RICHARD MILLE
With a watch that fetched $357,353 USD, RICHARD MILLE was the third best-performing brand in the sale, with a result of $495,421 USD.
These three brands accounted for total proceeds of $1,681,263 USD, or 63% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 199 in all, including 44 unsold lots, the average price per lot was $17,165 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Rolex, Patek Philippe and Richard Mille.
GEOFFROY ADER
