The “Fine Watches” auction, organized by Sotheby’s in New York on March 12, 2024, featured an exclusive selection of 193 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,005,582 USD, representing 70% of the lots presented.
BEST RESULTS
Lot 18 : RICHARD MILLE, RM30TI, Titanium and rose gold skeleton bracelet watch with power-reserve indication, circa 2022. Sold for $203,200 USD.
Lot 31 : GIRARD-PERREGAUX, Golden Bridges Minute Repeater Tourbillon, ref. 99820, Pièce Unique, Titanium and rose gold bracelet watch, circa 2015. Sold for $177,800 USD.
BEST PERFORMANCES
Lot 104 : GERALD GENTA, ref. G2539.4, Yellow gold skeleton wristwatch with perpetual calendar, moon phases and leap year indication, circa 1995. 444% variation between low estimate and final result ($38,100 USD).
Lot 72 : PIAGET, “Dual Time”, ref. 69455 A6, white gold wristwatch with onyx dial and tiger’s eye, circa 1975. 365% variation between low estimate and final result ($27,940 USD).
Lot 8 : ROLEX, Day-Date, ref. 228206, platinum wristwatch, circa 2020. 281% variation between the low estimate and the final result ($76,200 USD).
BREAKDOWN BY BRAND
ROLEX
Occupying first place in the best sales price ranking. ROLEX achieved the highest sales figure of $375,285 USD.
RICHARD MILLE
Occupying second place in the sale’s best price ranking. RICHARD MILLE realized $374,650 USD.
PATEK PHILIPPE
With a watch that fetched $63,500 USD, PATEK PHILIPPE was the third best-performing brand in the sale, with a result of $340,233 USD.
These three brands accounted for total proceeds of $1,090,168 USD, or 36% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 199 in all, including 44 unsold lots, the average price per lot was $17,165 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Rolex, Patek Philippe and Richard Mille.
GEOFFROY ADER
