The Ultimate Collection” auction, organized by Christie’s in Hong Kong on May 23, 2023, featured an exclusive selection of 107 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $16,169,242 USD, representing 92% of the lots presented.
BEST RESULTS
Lot 2542 : F.P. JOURNE, Tourbillon Souverain, Limited Edition of 20, Bracelet watch in platinum (950) with ruby dial. Sold for $1,125,432 USD.
Lot 2539 : F.P. JOURNE, Chronomètre à Résonance, Bracelet watch in platinum (950) with mother-of-pearl dial. Sold for $1,045,044 USD.
BEST PERFORMANCES
Lot 2543 : A. LANGE & SÖHNE, Lange 1, 18k (750) yellow gold wristwatch with large date. 206% variation between low estimate and final result ($136,659 USD)
Lot 2603 : PATEK PHILIPPE, Ref. 5270G-024, 18k (750) white gold wristwatch with perpetual calendar. 194% variation between low estimate and final result ($450,172 USD).
Lot 2542 : F.P. JOURNE, Tourbillon Souverain, Limited Edition of 20, Bracelet watch in platinum (950) with ruby dial. 175% variation between the low estimate and the final result ($1,125,432 USD).
BREAKDOWN BY BRANDS
PATEK PHILIPPE
Occupying first place in the sale’s top price ranking. PATEK PHILIPPE achieved the sale’s best result of $9,591,896 USD.
F.P. JOURNE
Occupying second place in the best-priced sales ranking. F.P. JOURNE realized $3,783,059 USD.
ROLEX
With a watch that fetched $321,552 USD, ROLEX was the third best performing brand in the sale, with a result of $1,495,217 USD.
These three brands accounted for total proceeds of $14,870,172 USD, or 92% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 107 in all, including 9 unsold lots, the average price per lot was $164,992 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
