The Important Watches auction organized by Sotheby’s included an exclusive selection of 185 pieces from the best watch brands chosen for their condition, rarity and quality. Total sales included: $ 6 566 171 USD, selling nearly 70% of the lots presented.
BEST RESULTS
Lot 276 : Rolex, ref. 6239, steel bracelet chronograph, sold for $ 947 776 USD. The reference 6239 was the first reference produced by Rolex in the Daytona series, this variant with the chestnut color counters is among the most sought after by collectors.
Lot 63 : Graff, ref. MGSAM48WGD, white gold wristwatch with a bezel set with diamonds, sold for $ 553 119 USD. No doubt this price is also explained by the quality of the stones used on this exceptional piece of the house of the famous London jeweler.
BEST PERFORMANCES
Lot 135 : Patek, Czapek & Co., No. 535, or 829% variation between the low estimate and the final result ($ 64 780 USD).
Lot 273 : Rolex, ref. 16520, or 425% of variation between the low estimate and the final result ($ 52 322 USD).
Lot 83 : Peter Meister, 425% change from low estimate to end result ($ 26 161 USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the top step of the podium, with three watches having exceeded the $ 100 000 USD mark, average per lot $ 25 320 USD.
Rolex
On the second step of the podium, with a watch above $ 900 000 USD, average per lot $ 57 013 USD. A result based on the highest bid of the sale with lot 276.
Audemars Piguet
On the third step of the podium, with a watch having exceeded the $ 100 000 USD mark, average per lot $ 32 395 USD.
These three brands represent a total product of 4 120 234 $ USD, that is to say more than 60% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 321 in total, including 95 unsold lots, the average price of a lot was $ 29 054 USD.
CONCLUSION
This first session in Geneva with the presence of the new international director Sam Hines has shown a certain dynamism that appears in the results. If we look at the results as a whole, it is worth noting the good performance of Audemars Piguet, which ranks third behind Patek Philippe and Rolex. This third independent brand is increasingly the auction outsider for collectible watches. Also worthy of mention is this magnificent performance for a historical Patek Czapek pocket watch that has joined the collections of Czapek, an independent watchmaker who is making a name for himself.
