The “Important Watches Featuring The Generations & Timeless Opulence Collections” auction organized by CHRISTIES in Hong Kong on May 26, 2024, presented an exclusive selection of 242 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: 26405292 USD, representing 92% of the lots presented.
BEST RESULTS
Lot 2256: PATEK PHILIPPE – ref 2523. 18K gold double crown wristwatch with 24-hour indication and cloisonné enamel dial depicting the map of Eurasia. Sold for $8,380,800 USD
Lot 2226: PATEK PHILIPPE – REF. 5016P-018 Platinum perpetual calendar and minute repeater wristwatch with tourbillon, retrograde date, moon phases, leap year indication. Sold for $887,040 USD
Lot 2304: PATEK PHILIPPE – REF. 5207P-001 Platinum tourbillon minute repeater and instant perpetual calendar wristwatch with moon phases, day/night indication and leap year. Sold for $709,632 USD
BEST PERFORMANCES
Lot 2398: PATEK PHILIPPE Circa 1985 – A rare stainless steel wristwatch with date and Calatrava dial. 992% variation between base estimate and final result ($20,966 USD)
Lot 2373: DANIEL ROTH. limited-edition automatic platinum jumping-hour and wandering-minute wristwatch. 698% variation between base estimate and final result ($61,286 USD)
Lot 2412: PATEK PHILIPPE Circa 1997 – limited edition rectangular wristwatch in 18-carat rose gold, made to commemorate the inauguration of the new Patek Philippe watchmaking center in 1997. 530% change between the base estimate and the final result ($30,643 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
PATEK PHILIPPE was the highest-priced brand in the sale, with the highest sales figure of $19,666,368 USD.
ROLEX
Occupying second place in the sale’s top-price ranking, ROLEX achieved a figure of $1,471,680 USD.
AUDEMARS PIGUET
With a watch that fetched $241,920 USD, AUDEMARS PIGUET was the third best performing brand in the sale, with a result of $1,000,581 USD.
These three brands accounted for total proceeds of $22,138,629 USD, or 84% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 242 in all, including 20 unsold lots, the average price per lot was $118,943 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
