The “Important Watches” auction organized by CHRISTIES in New York on June 10, 2024, featured an exclusive selection of 118 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $13,254,772 USD, representing 100% of the lots presented.
BEST RESULTS
Lot 50: RICHARD MILLE – Transparent sapphire crystal tourbillon skeleton wristwatch with titanium cable-suspended movement. Sold for $3,014,500 USD
Lot 49: RICHARD MILLE – White quartz tourbillon skeleton wristwatch in tpt® carbon, with diamond-set skull. Sold for $12,600,00 USD
Lot 59: ROLEX – Automatic triple-calendar wristwatch in 18K gold, with moon phases, luminous star hour markers and bracelet. Sold for $567,000 USD
BEST PERFORMANCES
Lot 100: PATEK PHILIPPE Circa 1954 – Automatic wristwatch in 18K gold, with “golden rule” dial and bracelet, made by tiffany & co. for U.S. President Lyndon B. Johnson. Johnson. 344% variation between base estimate and final result ($110,880 USD)
Lot 97: VACHERON CONSTANTIN Circa 1985 – 18K gold automatic wristwatch with date and bracelet. 228% variation between base estimate and final result ($65,520 USD)
Lot 83: AUDEMARS PIGUET Circa 1980 – Automatic wristwatch in 18k white gold and set with diamonds with date, bracelet and a pair of cufflinks in 18k white gold. 228% variation between the base estimate and the final result ($32,760 USD)
BREAKDOWN BY BRAND
RICHARD MILLE
Occupying first place in the sale’s best price ranking, RICHARD MILLE achieved the sale’s best figure of $4,885,600 USD.
PATEK PHILIPPE
PATEK PHILIPPE, in second place among the auction’s top-price sellers, achieved a sales figure of $2,503,620 USD.
ROLEX
With a watch that fetched $567,000 USD, ROLEX was the third best performing brand in the sale, with a result of $2,207,520 USD.
These three brands accounted for total proceeds of $9,596,740 USD, or 72% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 118 in all, including 0 unsold lots, the average price per lot was $112,329 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: RICHARD MILLE, PATEK PHILIPPE and ROLEX.
GEOFFROY ADER
