The “Fine Watches” auction organized by SOTHEBY’S in New York on June 11, 2024, presented an exclusive selection of 344 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $4,686,240 USD, representing 81% of the lots presented.
BEST RESULTS
Lot 415: F.P. Journe – Platinum and diamond-set tourbillon wristwatch with constant-force winding mechanism, power-reserve indication and deadbeat seconds. Sold for $576,000 USD
Lot 365: PATEK PHILIPPE – Perpetual calendar wristwatch in pink gold with moon phases, day/night function and leap year indication. Sold for $120,000 USD
Lot 368: PATEK PHILIPPE – Steel and pink gold automatic flyback chronograph wristwatch with date and bracelet. Sold for $102,000 USD
BEST PERFORMANCES
Lot 647: Circa 1900 – Yellow gold and enamel open dial keyless minute repeater watch. 460% variation between base estimate and final result ($16,800 USD)
Lot 479: A one-minute tourbillon movement in a gold hunting case. 420% variation between the base estimate and the final result ($15,600 USD).
Lot 500: Thomas Mudge and William Dutton circa 1766 – A Verge watch with two gold cases. 356% variation between the base estimate and the final result ($4,560 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
PATEK PHILIPPE was the highest-priced brand in the sale, with the best sales figure of $1,354,920 USD.
ROLEX
Occupying second place in the sale’s top-price ranking, Rolex achieved a figure of $751,800 USD.
F.P. JOURNE
With a watch that fetched $576,000 USD, F.P. Journe was the third best-performing brand in the sale, with a result of $578,280 USD.
These three brands represented total proceeds of $2,685,000 USD, or 57% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 344 in all, including 67 unsold lots, the average price per lot was $16,918 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 F.P. JOURNE.
GEOFFROY ADER
