The “Online Auction: The Hong Kong Sessions, Spring 2024”, organized by Phillips in Hong Kong on March 26, 2024, featured an exclusive selection of 152 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,435,125 USD, representing 99% of the lots presented.
BEST RESULTS
Lot 8006 : PATEK PHILIPPE, Nautilus ref. 5990/1A-001, steel bracelet chronograph with second time zone and in-flight return function, circa 2016. Sold for $97,384 USD.
Lot 8028 : PATEK PHILIPPE, Nautilus ref. 5726/1A-010, steel wristwatch with annual calendar, moon phases and 24h indication, circa 2013. Sold for $97,384 USD.
BEST PERFORMANCES
Lot 8017 : DE BETHUNE, ref. DB1, white gold single-pusher bracelet chronograph, circa 2002. 852% variation between low estimate and final result ($93,384 USD).
Lot 8084 : GLASHÜTTE ORIGINAL, ref. 90-01-03-03-04, Limited Edition of 200, platinum bracelet watch, circa 2003. 587% variation between low estimate and final result ($21,100 USD).
Lot 8134 : GÉRALD GENTA, Ref. G.3622.7, steel wristwatch with jumping hour and mother-of-pearl dial, circa 2000. 408% variation between low estimate and final result ($12,984 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the best sales price ranking. PATEK PHILIPPE achieved the highest sales figure of $1,035,512 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $447,153 USD.
AUDEMARS PIGUET
With a watch that fetched $51,938 USD, AUDEMARS PIGUET was the third best-performing brand in the sale, with a result of $391,157 USD.
These three brands accounted for total proceeds of $1,873,822 USD, or 55% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 152 in all, including 2 unsold lots, the average price per lot was $22,901 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
