The “Rare Watches Including the Property of Michael Schumacher” auction organized by CHRISTIES in Geneva on May 14, 2024, featured an exclusive selection of 164 timepieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $25,169,336 USD, or 96% of lots presented.
BEST RESULTS
Lot 127: PATEK PHILIPPE. An extremely rare and important 18K rose gold perpetual calendar chronograph wristwatch with moon phases. 18K rose gold perpetual calendar chronograph with moon phases. Sold for $2,718,649 USD
Lot 136: F.P. JOURNE. An important, historic and unique platinum jumping-hour wristwatch. Sold for $1,651,041 USD
Lot 23: RICHARD MILLE. An extraordinary tpt® carbon, titanium and 18-carat red gold limited edition skeletonized flying tourbillon wristwatch with a red gold hand supporting the devil’s horn sign. Sold for $1,181,206 USD
BEST PERFORMANCES
Lot 1: TUDOR black bay model ‘platinum jubilee rasp’, circa 2022. 446% variation between base estimate and final result ($18,066 USD)
Lot 32: PATEK PHILIPPE, circa 1998 – aquanaut model, ref. 5066a-010, circa 1998 404% variation between base estimate and final result ($111,172 USD)
lot 2: ROLEX circa 2022 – Datejust model, ref. 126233, case no. 654373r7, circa 2022. 362% variation between base estimate and final result ($15,286 usd)
BREAKDOWN BY BRAND
PATEK PHILIPPE
PATEK PHILIPPE was the highest-priced brand in the sale, with the highest sales figure of $10,018,501 USD.
F.P. JOURNE
F.P. JOURNE was the second highest-priced company in the sale, with a sales figure of $5,075,149 USD.
ROLEX
With a watch that fetched $403,000 USD, ROLEX was the third best-performing brand in the sale, with a result of $4,076,550 USD.
These three brands accounted for total proceeds of $19,170,200 USD, or 76% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 164 in all, including 6 unsold lots, the average price per lot was $159,300 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: PATEK PHILIPPE, F.P. JOURNE and ROLEX.
GEOFFROY ADER
