The Rare Watches auction organized by Christie’s featured an exclusive selection of 234 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including expenses: 13 306 687 $ USD, selling nearly 90% of the lots presented.
BEST RESULTS
Lot 234 : Patek Philippe ref. 2499, 18K gold perpetual calendar chronograph wristwatch with moon phases, sold for 3 252 500 $ USD.
Lot 112 : Patek Philippe ref. 2499/100J T, 18K gold perpetual calendar chronograph wristwatch with moon phases and tachymeter scale, sold for 672 500 $ USD.
BEST PERFORMANCES
Lot 53 : Audemars Piguet, 18K gold Monaco Cent Francs Coin watch with green gold dial and Breguet numerals, or 447% variation between the low estimate and the final result (43 750 $ USD).
Lot 167 : Patek Philippe ref. 865/13, 18K gold hunter case keyless lever dress watch with engraved deer hunt scene, representing a 400% variation between the low estimate and the final result (17 500 $ USD).
Lot 182 : Rolex ref. 4316, 18k white gold wristwatch with lapis lazuki dial and bracelet, or 293% variation between the low estimate and the final result (27 500 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with one having surpassed the 3 million $ USD mark, average per lot 142 498 $ USD. A result based on the highest bid of the sale with lot 234.
Rolex
On the second step of the podium, with three watches above 300 000 $ USD, average per lot 50 648 $ USD.
Audemars Piguet
On the third step of the podium, with two watches exceeding 100 000 $ USD, average per lot 64 167 $ USD.
These three brands represent a total revenue of 11 725 250 $ USD, or nearly 90% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 234 in total, including 27 unsold lots, the average price of a lot was 64 284 $ USD.
CONCLUSION
A solid sale that once again demonstrates the importance of selecting pieces in an increasingly selective market. Note the strong performance of Patek Philippe which is undoubtedly coming back very strongly this end of the season and putting collectors back to the reality of the watch market where this brand is definitely number one for highly collectable pieces.
