The Important Watches auction organized by Sotheby’s featured an exclusive selection of 258 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 8 228 375 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 78 : Rolex ref. 8171, PADELLONE model, stainless steel automatic triple calendar wristwatch with moon phases, sold for 387 000 $ USD.
Lot 126 : A. Lange & Sohne ref. 702025F, TOURBOGRAPH “POUR LE MERITE” model, limited edition platinum tourbillon split seconds wristwatch with power reserve indication, chain and fusée, sold for 300 000 $ USD.
BEST PERFORMANCES
Lot 252 : Rolex ref. 6536/1, SUBMARINER model, stainless steel automatic wristwatch with bracelet, or 1 025% variation between the low estimate and the final result (225 000 $ USD).
Lot 49 : Vacheron Constantin, lady’s white gold and diamond set skeletonize bracelet watch, or 325% variation between the low estimate and the final result (21 250 $ USD).
Lot 78 : Rolex ref. 8171, PADELLONE model, stainless steel automatic triple calendar wristwatch with moon phases, or 287% variation between the low estimate and the final result (387 000 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with two watches exceeding 200 000 $ USD, average per lot 40 319 $ USD.
Rolex
On the second step of the podium, with a watch above 350 000 $ USD, average per lot 60 189 $ USD. A result based on the highest bid of the sale with lot 78.
Breguet
On the third step of the podium, with a watch having exceeded the 200 000 $ USD mark, average per lot 53 958 $ USD.
These three brands represent a total revenue of 5 213 000 $ USD, or nearly 65% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 258 in total, including 50 unsold lots, the average price of a lot was 39 559 $ USD.
CONCLUSION
A solid sale that once again demonstrates the importance of selecting pieces in an increasingly selective market but also shows how strong Sotheby’s has come back in the second part of this second semester. It was a success with again some strong results for Submariner models from Rolex which might be the next game gambling of the watch market next year.
