The “Watches Online: The Dubai Edit” auction, organized by Christie’s in Dubai on May 4, 2023, featured an exclusive selection of 136 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $9,317,654 USD, representing 75% of the lots presented.
BEST RESULTS
Lot 9 : RICHARD MILLE, Limited Edition RM-69 Erotic Tourbillon. Titanium wristwatch with tourbillon regulator. Sold for $1,502,000 USD.
Lot 33 : PATEK PHILIPPE, Nautilus, ref. 5711/111P-001. Bracelet watch in platinum (950) and sapphires. Sold for $604,800 USD.
BEST PERFORMANCES
Lot 52 : AUDEMARS PIGUET, Ref. 5731BA. Skeleton watch in 18k (750) yellow gold and diamonds. 429% variation between low estimate and final result ( $52,920 USD).
Lot 5 : BAIT & F.P. JOURNE. A set of collectible vinyl figurines. 246% variation between low estimate and final result ($6,930 USD).
Lot 116 : VACHERON CONSTANTIN, Patrimony, Ref. 49005/000P. Bracelet watch in platinum (950) with chronograph and perpetual calendar. 173% variation between low estimate and final result ($81,900 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the sale’s top price ranking. PATEK PHILIPPE achieved the best result of the sale at $2,912,112 USD.
RICHARD MILLE
Occupying second place in the sale’s top-price ranking. RICHARD MILLE realized $2,648,600 USD.
ROLEX
With a watch that fetched $378,000 USD, ROLEX was the third best-performing brand in the sale, with a result of $1,895,670 USD.
These three brands represented total proceeds of $7,456,382 USD, or 80% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 136 in all, including 34 unsold lots, the average price per lot was $91,350 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Richard Mille and Rolex.
GEOFFROY ADER
