The Important Watches and Private Collections auction organised by Christie’s included an exclusive selection of 333 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: $14,667,721 USD, selling more than 85% of the lots presented.
BEST RESULTS
Lot 2534 : Rolex, ref. 6264, 18-carat gold bracelet chronograph, with the “Paul Newman Lemon” dial, sold for 1 251 068 $ USD.
Lot 2401 : Richard Mille, ref. RM014 AG PT, platinum bracelet watch with diamonds, power reserve and torque indication, sold for 563 108 $ USD.
BEST PERFORMANCES
Lot 2269 : Rolex, ref. 1675, that is 400% variation between the low estimate and the final result (50 960 $ USD).
Lot 2263 : Audemars Piguet, that is 400% variation between the low estimate and the final result (25 480 $ USD).
Lot 2272 : Rolex, ref. 118208, that is 350% variation between the low estimate and the final result (28 665 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with four watches having exceeded the bar of 300,000 $ USD, average per lot 81 465 $ USD.
Rolex
On the second step of the podium, with a watch above the million USD $, average per lot 68 171 $ USD. A result based on the highest bid of the sale with lot 2534.
Richard Mille
On the third step of the podium, with two watches exceeding 500,000 $ USD, average per lot 250 500 $ USD.
These three brands represent a total product of 9 022 947 $ USD, that is to say more than 60% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 317 in total, including 63 unsold lots, the average price of a lot was 35 665 $ USD.
CONCLUSION
This Christie’s sale in Hong Kong perfectly illustrates this beginning of the year on all continents at auction. On the first two market segments Patek Philippe and Rolex which are the heart of the auction market and its two outsiders, Audemars Piguet and Richard Mille, confirm their presence more and more assertive on the market. This sale alone summarizes all the trends that emerge lately at auction.
