The “Important Watches” auction organized by Sotheby’s in New York on June 05, 2024, presented an exclusive selection of 207 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $17,220,240 USD, representing 90% of the lots presented.
BEST RESULTS
Lot 57: Patek Philippe – Reference 6300G-010 Grandmaster Chime with 20 complications, owned by Sylvester Stallone. Sold for $5,400,000 USD
Lot 103: Patek Philippe – Yellow gold perpetual calendar chronograph wristwatch with moon phases Reference 2499 ‘3rd Series’ . Sold for $564,000 USD
Lot 56: Patek Philippe – Steel and diamond-set Nautilus Reference 5711/1300A-001 owned and worn by Sylvester Stallone, circa 2021. Sold for $492,000 USD
BEST PERFORMANCES
Lot 50: Panerai Reference PAM00202 Luminor Submersible 1950 Chrono Slytech ‘Watch No. 1’ in titanium owned and worn by Sylvester Stallone, made in 2005. 800% variation between base estimate and final result ($54,000 USD)
Lot 48: Piaget Référence P10623 Polo Grande | Automatic wristwatch in yellow gold with date and bracelet, owned and worn by Sylvester Stallone, Circa 2000. 460% variation between base estimate and final result ($33,600 USD)
Lot 52: Cartier Reference W301970M Pasha Seatimer in yellow gold and ceramic with date, owned and worn by Sylvester Stallone, circa 2010. 340% variation between base estimate and final result ($66,000 USD)
BREAKDOWN BY BRAND
Patek Philippe
Occupying first place in the sale’s best price ranking, Patek Philippe achieved the sale’s best figure of $10,412,400 USD.
Rolex
Occupying second place in the auction’s best-price ranking, Rolex achieved a figure of $1,810,560 USD.
Audemars Piguet
With a watch that fetched $228,000 USD, Audemars Piguet was the third best-performing brand in the sale, with a result of $1,323,000 USD.
These three brands represented total proceeds of $13,545,960 USD, or 79% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 207 in all, including 21 unsold lots, the average price per lot was $92,582 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
