The Horlogerie de collection auction organized by Artcurial included an exclusive selection of 153 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 1 669 993 $ USD, selling more than 60% of the lots presented.

BEST RESULTS

Lot 719 : Patek Philippe ref. 5980/1 R001, Nautilus model, 18k rose gold automatic chronograph wristwatch, gold bracelet with deployant clasp, sold for 153 808 $ USD.

Lot 634 : Patek Philippe, Unique piece, ref. 746, 18k pink gold pocket watch with painted enamel caseback signed J.P.Leroy, sold for 134 765 $ USD.

BEST PERFORMANCES

Lot 682 : Patek Philippe Ref. 96, Calatrava, stainless steel manual winding wristwatch, or 507% variation between the low estimate and the final result (20 508 $ USD).

Lot 658 : Lip R.27 “Général de Gaulle”, n° 152834, 18k rose gold electric wristwatch, given to Général de Gaulle by Fred Lip (Lipmann) in 1958, or 444% variation between the low estimate and the final result (36 621 $ USD).

Lot 634 : Patek Philippe, Unique piece, ref. 746, 18k pink gold pocket watch with painted enamel caseback signed J.P.Leroy, or 200% variation between the low estimate and the final result (134 765 $ USD).

BREAKDOWN BY BRANDS

Rolex
On the first step of the podium, with a watch having exceeded 100 000 $ USD, average per lot 18 391 $ USD.

Patek Philippe
On the second step of the podium, with a watch above 150 000 $ USD, average per lot 35 705 $ USD. A result based on the highest bid of the sale with lot 719.

Panerai
On the third step of the podium, with a watch having exceeded 100 000 $ USD, average per lot 39 441 $ USD.

These three brands represent a total revenue of 1 027 619 $ USD, or more than 60% of the total sale.

AVERAGE PRICE PER LOT

Based on the number of lots, 153 in total, including 57 unsold lots, the average price of a lot was 17 396 $ USD.

CONCLUSION

Almost equal, Rolex and Patek Philippe are in the lead at this prestigious sale organized by Artcurial this summer in Monaco. It is important to note, however, that the Patek Philippe brand has achieved very good results in terms of the most important prices, far ahead of Rolex, which was not the case in 2018. Note also a very honorable price for the historical watch from General de Gaulle. In total a sale with four results above the symbolic bar of 100’000 US dollars. 

GEOFFROY ADER

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