The Important Modern & Vintage Timepieces auction organised by Antiquorum included an exclusive selection of 413 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 5 880 878 $ USD, selling nearly 60% of the lots presented.
Lot 252 : Rolex ref. 6538, Oyster Perpetual, “200 / 660”, Submariner model, stainless steel wristwatch, automatic winding, sold for 373 115 $ USD.
Lot 127 : Rolex ref. 16 599SA, Daytona model, water-resistant automatic chronograph wristwatch with automatic winding in 18k white gold, diamonds and sapphire, sold for 281 114 $ USD.
Lot 191 : Rolex, ref 1862, “Prince” model, gentleman’s wristwatch, pink gold and 9k white gold, manual winding, rectangular shape, snap-on case-back, silvered 3-tone color dial, or 189% variation between the low estimate and the final result (4 472 $ USD).
Lot 127 : Rolex ref. 16 599SA, Daytona model, water-resistant automatic chronograph wristwatch with automatic winding in 18k white gold, diamonds and sapphire, representing a 181% variation between the low estimate and the final result (281 114 $ USD).
Lot 320 : Lucien Dubois, 18k yellow gold pocket watch, engraved with the name “Prosper Baudouin”, 177% variation between the low estimate and the final result (2 076 $ USD).
BREAKDOWN BY BRANDS
On the first step of the podium, with two watches exceeding 200 000 $ USD, average per lot 32 097 $ USD. This result is based on the two highest auctions of the sale with lots 252 and 127.
On the second step of the podium, with three watches above 100 000 $ USD, average per lot 38 992 $ USD.
On the third step of the podium, with a watch having surpassed the 200 000 $ USD mark, average per lot 33 963 $ USD.
These three brands represent a total revenue of 3 577 098 $ USD, or 60% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 413 in total, including 176 unsold lots, the average price of a lot was 24 814 $ USD.
A sale whose percentage of sold is lower than that of the competitors locally, probably due to the number of lots presented too important without the preliminary selection. To note the almost perfect balance between the two flagship brands of the market Patek Philippe and Rolex, this first sale in Hong Kong under the leadership of Arnaud Tellier has confirmed a good margin of growth for Antiquorum in Asia compared to the beginning of the year 2018.