The Phillips Watches Online Auction: The Geneva Sessions Spring 2024, organized by Phillips in Geneva on March 12, 2024, featured an exclusive selection of 83 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,991,898 USD, representing 100% of the lots presented.
BEST RESULTS
Lot 30 : PATEK PHILIPPE, ref. 5951P-001, Platinum bracelet chronograph with split-seconds function, perpetual calendar, moon phases and day/night mode, circa 2015. Sold for $347,411 USD.
Lot 83 : PATEK PHILIPPE, Nautilus ref. 5740/1G, White gold wristwatch with perpetual calendar and moon phases, circa 2019. Sold for $231,607 USD.
BEST PERFORMANCES
Lot 5 : CARTIER, Santos Dumont “Les Flaneurs”, Limited Edition of 50, Steel bracelet watch, circa 2023. 408% variation between low estimate and final result ($28,950 USD).
Lot 56 : ULYSSE NARDIN, ref. 010-88, White gold wristwatch with Tourbillon carrousel, circa 2003. 312% variation between low estimate and final result ($26,055 USD).
Lot 71 : IWC, Tribute to Pallweber “150 Years” ref. IW505003, Limited Edition of 500, steel bracelet watch, circa 2019. 262% variation between low estimate and final result ($28,950 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of best sales prices. PATEK PHILIPPE achieved the highest sales figure of $1,962,872 USD.
MB&F
Occupying second place in the best price ranking. MB&F realized $312,670 USD.
ROLEX
With a watch that fetched $94,090 USD, ROLEX was the third best-performing brand in the sale, with a result of $260,558 USD.
These three brands accounted for total proceeds of $2,536,100 USD, or 64% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 83 in all, all sold, the average price per lot was $48,095 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, MB&F and Rolex.
Geoffroy Ader
