The Important Modern & Vintage Timepieces auction organised by Antiquorum included an exclusive selection of 571 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including expenses : 8 075 892 $ USD, selling nearly 75% of the lots presented.
BEST RESULTS
Lot 561 : Patek Philippe ref. 5016P-010, platinum wristwatch, minute-repeating, tourbillon, with one-minute tourbillon regulator, retrograde perpetual calendar and moon phases, sold for 485 000 $ USD.
Lot 569 : Rolex ref. 6536, Submariner “James Bond” model, stainless steel, self-winding wristwatch with a rare tropical dial, sold for 365 000 $ USD.
BEST PERFORMANCES
Lot 207 : Rolex ref. 5508, Submariner model, stainless steel divers wristwatch (missing bezel), or 588% variation between the low estimate and the final result (6 875 $ USD).
Lot 478 : Vacheron Constantin ref. 4624, manual wind, 18k pink gold wristwatch, representing a 442% variation between the low estimate and the final result (24 375 $ USD).
Lot 199 : Rolex ref. 1675, GMT-MASTER model, stainless steel wristwatch with GMT-function, or 400% variation between the low estimate and the final result (15 000 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with two watches exceeding 300 000 $ USD, average per lot 48 160 $ USD. A result based on the highest bid of the sale with lot 561.
Rolex
On the second step of the podium, with a watch above 300 000 $ USD, average per lot 22 364 $ USD.
Vacheron Constantin
On the third step of the podium, with three watches exceeding 100 000 $ USD, average per lot 36 905 $ USD.
These three brands represent a total revenue of 5 902 215 $ USD, or nearly 75% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 571 in total, including 150 unsold lots, the average price of a lot was 19 183 $ USD.
CONCLUSION
A sale that shows a wide a variety of watches with no strong selection as opposed to other competitors. Some performances from rare vintage models which demonstrates again that collectors have a keen eye on quality, rarity and provenance. Like for other major playes in Geneva this season, the brand Patek Philippe comes first ahead of Rolex in our market share analysis.
