The auction Le Temps est Féminin II organized by Artcurial included an exclusive selection of 114 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including the buyer’s premium: 1 114 391 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 613 : Bulgari, 18k (750) yellow gold black enamel and diamond secret snake watch, Serpenti “Black Mamba” model sold for 501 391 $ USD.
Lot 586 : Cartier, ref. CRHP600096, 18k (750) yellow gold ladies wristwatch full-set with diamonds, Sitar model, sold for 74 172 $ USD.
BEST PERFORMANCES
Lot 607 : Bulgari, 18k (750) pink gold ladies wristwatch, Serpenti model, 550% variation between the low estimate and the final result (22 706 $ USD).
Lot 599 : Piaget, ref. 95785 A6, ladies wristwatch in 18k (750) white gold, blue tiger and diamonds, a 383% variation between the low estimate and the final result (39 357 $ USD).
Lot 593 : Gucci, 18k (750) yellow gold and wood ladies wristwatch, 290% variation between the low estimate and the final result (4 541 $ USD).
BREAKDOWN BY BRANDS
Piaget
On the first step of the podium, with two watches exceeding 50 000 $ USD, average per lot 9 719 $ USD.
Bulgari
On the second step of the podium, with a lot above 500 000 $ USD and a result based on the highest bid of the sale with lot 613, average per lot 107 544 $ USD.
Cartier
On the third step of the podium, with a watch above 70 000 USD, average per lot 32 356 $ USD.
These three brands represent a total product of 1 289 189 $ USD, that is to say more than 90% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 114 in total, including 22 unsold lots, the average price per lot was 15 374 $ USD.
CONCLUSION
This thematic session confirms the birth of a new niche in the watch market, the Piaget brand is definitely the best brand of this niche since the first sale last January. If one adds the very good result of this session to the Horlogerie de Collection at Artcurial, the two sessions allow the French auction house to become this summer the leader in Monaco with almost 4.5 million dollars in total. Also noteworthy during the session Le Temps est Féminin II the best result of the year in the field of watches in Monaco with the Bulgari Serpenti “Black Mamba”.
