The Rare Watches auction by Christie’s featured an exclusive selection of 214 timepieces from the best watch brands chosen for their condition, rarity and quality. Total sale including fees: 12 576 250 $ USD, selling more than 85% of the lots on display.
Lot 154 : Patek Philippe, historically important and unique 18k gold tonneau-shaped minute repeating wristwatch engraved with the Graves family coat-of-arms, made for Henry Graves Jr., sold for 4 575 000 $ USD.
Lot 113 : Patek Philippe ref. 5016P, unique and important platinum perpetual calendar minute repeating wristwatch with tourbillon, retrograde date, moon phases, black dial with Breguet numerals, red signature, minute and seconds scales, date and date hand, sold for 879 000 $ USD.
Lot 161 : Patek Philippe, 18k gold Observatory Timing Contest keyless lever chronometer watch with Certificate of Origin, original retailer’s sales receipt, original numbered box, or 650% variation between the low estimate and the final result (22 500 $ USD).
Lot 56 : Cartier, 18K gold rectangular curved wristwatch, or 619% variation between the low estimate and the final result (57 500 $ USD).
Lot 46 : Vacheron Constantin ref. 44018, stainless steel limited edition automatic wristwatch with date, bracelet and box, or 417% variation between the low estimate and the final result (77 500 $ USD).
BREAKDOWN BY BRANDS
On the top step of the podium, with a watch having passed the 4 million $ USD mark, average per lot 200 115 $ USD. A result based on the highest bid of the sale with lot 154.
On the second step of the podium, with two watches above 400 000 $ USD, average per lot 43 221 $ USD.
On the third step of the podium, with a watch above 200,000 $ USD, average with a single lot 83 750 $ USD.
These three brands represent a total revenue of 11 121 750 $ USD, or nearly 90% of total sales.
AVERAGE PRICE PER LOT
Taking into account the number of lots, 214 in total, including 28 unsold lots, the average price of a lot was 67 614 $ USD.
This sale demonstrated once again the dynamism of the market in the auctions, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex and Vacheron Constantin.