The auction “Watches Online: The Dubai Edit”, organized by Christie’s in Dubai from October 12 to 26, 2022, presented an exclusive selection of 306 pieces from the best watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $10,897,488 USD, representing 62% of the lots presented.
BEST RESULTS
Lot 71 : RICHARD MILLE, RM50-03 GR MCLAREN, wristwatch with tourbillon regulator and split-seconds function. Sold for $1,134,000 USD.
Lot 61 : F.P. JOURNE, Tourbillon Souverain, Platinum wristwatch with tourbillon and jade dial. Sold for $945,000 USD.
BEST PERFORMANCES
Lot 70 : F.P. JOURNE, Wooden presentation box for 5 watches. 1.412% variation between the low estimate and the final result ($37,800 USD).
Lot 305 : PATEK PHILIPPE, A set of 7 signed accessories. 467% variation between the low estimate and the final result ($5,670 USD).
Lot 297 : MIDO Multicenter Chrono, Steel bracelet chronograph. 422% variation between the low estimate and the final result ($5,292 USD)
BREAKDOWN BY BRAND
ROLEX
Occupying the top spot in the sale’s top price ranking. ROLEX realized the highest figure of the sale, $3,338,270 USD
F.P. JOURNE
Occupying the second place of the best price ranking of the sale. F.P. JOURNE realized $1,518,300 USD
RICHARD MILLE
With a watch that reached the price of $1,134,000 USD, it was the third best performing brand in this sale with a result of $1,518,300 USD.
These three brands accounted for total proceeds of $4,010,895 USD, or 37% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 306 in total, including 117 unsold lots, the average price per lot was $57,659 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Rolex, F.P. Journe and Richard Mille.
GEOFFROY ADER
