The “An Evening of Exceptional Watches” auction organized by Christie’s featured an exclusive selection of 160 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 10 488 250 $ USD, selling 80% of the lots presented.
BEST RESULTS
Lot 160 : Rolex ref. 6062, Oyster Perpetual model, 18k gold automatic triple calendar wristwatch with star dial and moon phases, sold for 1 572 500 $ USD.
Lot 159 : Rolex ref. 6241, Cosmograph Daytona model, 14k gold chronograph wristwatch with black « John Player Special Paul Newman » dial and bracelet, sold for 552 500 $ USD.
BEST PERFORMANCES
Lot 120 : A. Lange & Sohne ref. 305’025, Anniversary Langematik model, limited edition platinum automatic wristwatch with enamel dial, or 200% variation between the low estimate and the final result (45 000 $ USD).
Lot 28 : Rolex ref. 1665, Submariner model, stainless steel automatic wristwatch date, center seconds, bracelet and « tropical » dial, or 192% variation between the low estimate and the final result (87 500 $ USD).
Lot 27 : Rolex ref. 1680, Submariner model, stainless steel automatic wristwatch with center seconds, date, bracelet and « tropical » dial, or 150% variation between the low estimate and the final result (37 500 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with two lots exceeding 400 000 $ USD, average per lot 85 846 $ USD.
Rolex
On the second step of the podium, with a watch above $1 million, average per lot 129 596 $ USD. A result based on the highest bid of the sale with lot 160.
Tornek-Rayville
On the third step of the podium, with a watch having surpassed the 150 000 $ USD mark, average per lot 156 250 $ USD.
These three brands represent a total revenue of 9 455 950 $ USD, or more than 90% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 160 in total, including 32 unsold lots, the average price of a lot was 81 939 $ USD.
CONCLUSION
A solid sale that once again demonstrates the importance of selecting pieces in an increasingly selective market but also shows how strong Christie’s team of experts are on the auction block with this impressive result for a Rolex above the million dollar benchmark, the highest one of this second semester among all players.
