The Important Watches auction organized by Christie’s featured an exclusive selection of 306 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 13 156 763 $ USD, selling more than 75% of the lots presented.
BEST RESULTS
Lot 2458 : Patek Philippe ref. 2499/100 Fourth Series, 18k gold perpetual calendar chronograph wristwatch with moon phases, sold for 876 424 $ USD.
Lot 2402 : Richard Mille ref. RM52-01 AN RG-ATZ, Tourbillon Skull model, white ceramic and 18k pink gold, asia limited edition, tonneau-shaped skeletonised tourbillon wristwatch, sold for 676 684 $ USD.
BEST PERFORMANCES
Lot 2375 : Audemars Piguet ref. 67105 BC, lady’s 18k white gold, diamond and ruby-set rectangular wriswatch, or 775% variation between the low estimate and the final result (56 017 $ USD).
Lot 2390 : Graff, lady’s 18k gold bracelet watch set with yellow diamonds and 22 Gia certified fancy intense yellow diamonds, or 365% variation between the low estimate and the final result (476 943 $ USD).
Lot 2374 : Piaget, lady’s 18k white gold diamond and emerald-set bracelet watch with opal dial, or 358% variation between the low estimate and the final result (88 026 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having surpassed the 850 000 $ USD mark, average per lot 77 144 $ USD. A result based on the highest bid of the sale with lot 2458.
Rolex
On the second step of the podium, with two watches above 300 000 $ USD, average per lot 45 654 $ USD.
Richard mille
On the third step of the podium, with a watch having exceeded the 600 000 $ USD mark, average per lot 338 662 $ USD.
These three brands represent a total revenue of 8,383,840 $ USD, or more than 60% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 306 in total, including 72 unsold lots, the average price of a lot was 56 225 $ USD.
CONCLUSION
The market has demonstrated once again its strength on the auction block, we have noticed the presence of the three leading watch brands : Patek Philippe, Rolex and Richard Mille.
