The “Rare Watches” auction, organized by Christie’s in Geneva on November 7, 2022, presented an exclusive selection of 129 timepieces from the best watch brands chosen for their condition, rarity and quality. The total amount of the sale, including fees, was $22,056,572 USD, representing 100% of the lots presented.
BEST RESULTS
Lot 128 : ROLEX, Daytona “Lemon Paul Newman”, ref. 6363, yellow gold wrist chronograph. Sold for $3,181,165 USD.
Lot 34 : PATEK PHILIPPE resold by TIFFANY & CO, Nautilus ref. 5711/1A-018, steel bracelet watch with “Tiffany Blue” dial. Limited edition made in collaboration with Tiffany & Co to celebrate the 170th anniversary of the partnership between the 2 brands. Sold for $2,957,533 USD.
BEST PERFORMANCE
Lot 127 : ROLEX “JÜRG MARMET”, Model “Pre-Explorer” ref. 6298, historic watch that belonged to the first European to climb Mount Everest. 1,349% variation between the low estimate and the final result ($270,035 USD).
Lot 4 : Ref. 124300, Oyster Perpetual “Turquoise Blue”, steel bracelet watch. 958% variation between the low estimate and the final result ($49,310 USD).
Lot 76 : LONGINES, “Pulsanti ad ombrello”, non-magnetic steel “staybrite” chronograph bracelet with in-flight return function. 813% change between the low estimate and the final result ($170,239 USD).
BREAKDOWN BY BRANDS
PATEK PHILIPPE
Occupying the first place of the best price ranking of the sale. PATEK PHILIPPE achieved the highest sales figure of $9,538,352 USD
ROLEX
Occupying the second place in the ranking of the best prices of the sale. ROLEX realized a figure of $6,212,609 USD
AUDEMARS PIGUET
With a watch that reached the price of $493,109 USD, it is the third best performing brand in this sale with a result of $2,012,353 USD.
These three brands accounted for total proceeds of $17,763,314 USD, or 81% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 129 in total, including 0 unsold lots, the average price of a lot was $170,981 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
