The “Rare Watches” auction, organized by Christie’s in Geneva on May 13, 2023, featured an exclusive selection of 159 timepieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $29,752,893 USD, or 97% of lots presented.
BEST RESULTS
Lot 84 : PATEK PHILIPPE, Nautilus revendue par Tiffany & Co. Ref. 5711/1A-018. Montre bracelet en acier avec cadran Tiffany Blue®. Vendue pour 2 494 651 $ USD.
Lot 132 : PATEK PHILIPPE, ref. 2499. 18k (750) yellow gold wrist chronograph. Sold for $1,951,506 USD.
MEILLEURES PERFORMANCES
Lot 63 : GERALD GENTA, Special Order for His Majesty Hassan II, King of Morocco. Bracelet watch in 18k (750) white gold with coral dial. Possibly one-of-a-kind. 1,538% variation between low estimate and final result ($183,816 USD).
Lot 65 : CARTIER, Tank Cintrée, circa 1926. Rare platinum bracelet watch (950)(750). 1,412% variation between the low estimate and the final result ($339,353 USD).
Lot 1 : TUDOR, Black Bay, Special Edition “Platinum Jubilee RASP”. Platinum bracelet watch. 1 265% variation between low estimate and final result ($91,908 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the sale’s top price ranking. PATEK PHILIPPE achieved the sale’s top figure of $15,054,089 USD.
ROLEX
Occupying second place in the ranking of best sale prices. ROLEX realized $8,198,917 USD.
AUDEMARS PIGUET
With a watch that fetched $395,912 USD, AUDEMARS PIGUET was the third best-performing brand in the sale, with a result of $1,706,664 USD.
These three brands represented total proceeds of $24,959,670 USD, or 84% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 159 in all, including 4 unsold lots, the average price per lot was $187,125 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Audemars Piguet.
GEOFFROY ADER
