The Rare Watches auction organized by Christie’s featured an exclusive selection of 253 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including premium : 11 367 751 $ USD, selling 85% of the lots presented.
BEST RESULTS
Lot 203 : Rolex ref. 6062, Oyster Perpetual model, 18k pink gold automatic triple calendar wristwatch with moon phases and star dial, sold for 975 000 $ USD.
Lot 193 : Rolex ref. 3525, Oyster Chronographe, Anti-Magnetique model, stainless steel and pink gold chronograph wristwatch, sold for 471 000 $ USD.
Lot 201 : Rolex ref. 6241, Cosmograph Daytona Paul Newman model, 14k gold chronograph wristwatch with Paul Newman dial, sold for 471 000 $ USD.
BEST PERFORMANCES
Lot 219 : Patek Philippe, gilt metal world time wall clock, or 603% variation between the low estimate and the final result (56 250 $ USD).
Lot 238 : Vacheron Constantin, platinum and sapphire-set rectangular horizontal bracelet watch with faceted sapphire crystal, Gay Freres 18k white gold bracelet and box, or 400% variation between the low estimate and the final result (60 000 $ USD).
Lot 250 : Patek Philippe ref. 96, stainless steel wristwatch with sweep centre seconds and two-toned silvered sector dial, or 388% variation between the low estimate and the final result (97 500 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having exceeded 900 000 $ USD, average per lot 83 956 $ USD. A result based on the highest bid of the sale with lot 203.
Patek Philippe
On the second step of the podium, with a watch above 400 000 $ USD, average per lot 61 386 $ USD.
Richard Mille
On the third step of the podium, with a watch having exceeded the 150 000 $ USD mark, average per lot 137 500 $ USD.
These three brands represent a total revenue of 9 125 125 $ USD, or 80% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 228 in total, including 45 unsold lots, the average price of a lot was 49 012 $ USD.
CONCLUSION
Christie’s results this year in Geneva for the first session in May are representative of the market, which once again confirms Rolex’s dominant position. Even if Patek Philippe remains behind, it should be noted the dynamics of some results with very strong variations between the low estimate and the final result. Finally, Richard Mille was this time honored with solid results for the secondary market.
