The Art of Time auction organized by Bonhams featured an exclusive selection of 116 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 1 449 125 $ USD, selling 70% of the lots presented.
BEST RESULTS
Lot 68 : South German quarter striking astronomical table clock with alarm from the group known as “The Orpheus Clocks”, sold for 275 000 $ USD.
Lot 116 : Raingo Paris, ormolu mounted amboyna orrery clock, sold for 112 500 $ USD.
BEST PERFORMANCES
Lot 10 : Longines, 18k gold manual wind flyback chronograph wristwatch with 13ZN movement, or 650% variation between the low estimate and the final result (15 000 $ USD).
Lot 92 : William Allam, London, mid-18th century, small weight driven alarm timepiece with fitted oak traveling case, 525% variation between the low estimate and the final result (6 250 $ USD).
Lot 40 : Jaeger-Lecoultre, inlaid wood limited edition Atmos clock, 166% variation between the low estimate and the final result (9 343 $ USD).
BREAKDOWN BY BRANDS
Raingo Paris
On the first step of the podium, with a watch having exceeded 100 000 $ USD, average per lot 112 500 $ USD. A result based on the second highest bid of the sale with lot 116.
Cartier
On the second step of the podium, with a watch above 30 000 $ USD, average per lot 16 406 $ USD.
Patek Philippe
On the third step of the podium, with a watch having exceeded the 20 000 $ USD mark, average per lot 12 875 $ USD.
These three brands represent a total product of 242 500 $ USD, or nearly 20% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 116 in total, including 34 unsold lots, the average price of a lot was 17 072 $ USD.
CONCLUSION
Again a local auction with results mostly concentrated on an antique timepieces like this south german clock and the Raingo clock. It shows that Bonhams has its strength on this market sector whereas other competitors concentrate on other brands like Patek Philippe or Rolex mostly.
