The Fine Watches and Wristwatches auction organized by Bonhams featured an exclusive selection of 115 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 2 054 957 $ USD, selling more than 65% of the lots presented.
BEST RESULTS
Lot 91 : Rolex ref. 6538, Submariner « Explorer » model, extremely rare stainless steel automatic watch with Explorer red depth rating dial, sold for 228 556 $ USD.
Lot 98 : Patek Philippe ref. 3700/1, Jumbo Nautilus Retailed by Asprey model, stainless steel automatic calendar bracelet watch with original Asprey receipt, sold for 189 150 $ USD.
BEST PERFORMANCES
Lot 91 : Rolex ref. 6538, Submariner « Explorer » model, extremely rare stainless steel automatic watch with Explorer red depth rating dial, or 1 103% variation between the low estimate and the final result (228 556 $ USD).
Lot 68 : Patek Philippe ref. 2526, Calatrava model, 18k gold automatic wristwatch with enamel dial, or 548% variation between the low estimate and the final result (29 161 $ USD).
Lot 48 : Cartier, Maxi Oval model, oversized 18k gold manual wind oval wristwatch, or 365% variation between the low estimate and the final result (88 270 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having exceeded the 200 000 $ USD mark, average per lot 38 713 $ USD. A result based on the highest bid of the sale with lot 91.
Patek Philippe
On the second step of the podium, with a watch above 150 000 $ USD, average per lot 28 205 $ USD.
Cartier
On the third step of the podium, with a watch having exceeded the 80 000 $ USD mark, average per lot 35 072 $ USD.
These three brands represent a total revenue of 1 752 947 $ USD, or 85% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 115 in total, including 76 unsold lots, the average price of a lot was 27 039 $ USD.
CONCLUSION
The global result of this auction is very strong for the local London market, it has achieved a remarkable result on Rolex overall showing the dynamics that were at the forefront of the watch market in the first semester but being now readjusted with Patek Philippe predominance worldwide ending 2018.
