The Fine Watches and Wristwatches auction organised by Bonhams included an exclusive selection of 143 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 2 415 850 $ USD, selling more than 80% of the lots presented.

BEST RESULTS

Lot 43 : Rolex, ref. 6262/6239, stainless steel chronograph watch with “Paul Newman” dial, sold for 278 938 $ USD.

Lot 113 : Rolex, ref. 6263, 18-carat gold chronograph wristwatch, sold for 131 265 $ USD.

BEST PERFORMANCES

Lot 85 : Heuer, ref. 980.005, automatic stainless steel wristwatch with orange dial, 316% variation between the low estimate and the final result (2 789 $ USD).

Lot 89 : Heuer, ref. 7753/54, stainless steel chronograph wristwatch, 295% variation between the low estimate and the final result (106 653 $ USD).

Lot 1 : Patek Philippe, ref. 3800/1A, stainless steel automatic wristwatch with diamond-set dial, 244% variation between the low estimate and the final result (27 894 $ USD).

BREAKDOWN BY BRANDS

Rolex
On the first step of the podium, with two watches having exceeded the 100 000 $ USD mark, average per lot $39,064 USD. A result based on the highest bid of the sale with lot 43.

Patek Philippe
On the second step of the podium, with three watches above 50 000 $ USD, average per lot 23 785 $ USD.

Heuer
On the third step of the podium, with a watch having exceeded the 100 000 $ USD mark, average per lot 12 213 $ USD.

These three brands represent a total revenue of 2 035 345 $ USD, or nearly 85% of the total sale.

AVERAGE PRICE PER LOT

Based on the number of lots, 143 in total, including 28 unsold lots, the average price of a lot was 21 750 $ USD.

CONCLUSION

With this first analysis of the results from the auction house Bonhams in London, we observe that the trend in the watch market since the beginning of the year is confirmed clearly with the supremacy of Rolex. Results of this auction show once again the vitality of independent brands, the winning duo Rolex & Patek Philippe, with one single exception illustrated by the presence of Heuer on the third step of the podium. A good return for Bonhams who organized the first thematic Heuer sale with the Haslinger collection.

GEOFFROY ADER

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