The Christie’s Watches Online: Time to Travel auction organized by Christie’s featured an exclusive selection of 242 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 1 269 250 $ USD, selling more than 70% of the lots presented.
BEST RESULTS
Lot 117 : Rolex ref. 116519, Daytona Beach model, 18k white gold automatic chronograph wristwatch, sold for 40 000 $ USD.
Lot 47 : Audemars Piguet ref. 15202ST.OO.0944ST.03, Royal Oak Jumbo Extra-Thin model, automatic stainless steel wristwatch, sold for 37 500 $ USD.
BEST PERFORMANCES
Lot 186 : Hermes ref. KE1.210, Cadenas Watch model, stainless steel ladies’ wristwatch, quartz movement and silver dial, or 375% variation between the low estimate and the final result (4 750 $ USD).
Lot 189 : Patek Philippe, stainless steel wristwatch with sector dial, manual movement, or 338% variation between the low estimate and the final result (17 500 $ USD).
Lot 154 : Walt Disney, stainless steel wristwatch commissioned and personally gifted Hamilton-Ricoh Disneyland Electric, mouvement quartz, or 317% variation between the low estimate and the final result (12 500 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch at 40 000 $ USD, average per lot 10 538 $ USD. A result based on the highest bid of the sale with lot 117.
Patek Philippe
On the second step of the podium, with a watch above 30 000 $ USD, average per lot 9 351 $ USD.
Omega
On the third step of the podium, with a watch at 17 500 $ USD, average per lot 5 580 $ USD.
These three brands represent a total revenue of 696 000 $ USD, or more than 50% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 242 in total, including 64 unsold lots, the average price of a lot was 1 269 250 $ 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 Audemars Piguet.
