The “Watches Online: Top of the Time” auction, organized by Christie’s Hong Kong on March 20, 2023, featured an exclusive selection of 111 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $8,390,979 USD, representing 93% of the lots presented.
BEST RESULTS
Lot 111 : PATEK PHILIPPE ref. 6002G, Grand Complications Sky Moon Tourbillon, 18K white gold wristwatch with cloisonné enamel dial. Sold for $5,794,875 USD.
Lot 110 : PATEK PHILIPPE, Grand Complications ref. 5208P, platinum (950) gold wristwatch. Sold for $996,030 USD.
BEST PERFORMANCES
Lot 67 : IWC, Pilot’s watch mark XVIII Top Gun Edition, Limited edition of 500. Ceramic bracelet watch. 556% variation between low estimate and final result ($9,639 USD).
Lot 27 : ANDERSEN GENEVA, Unique piece. 18K white and rose gold wristwatch with minute repeater and perpetual calendar. 605% variation between low estimate and final result ($44,982 USD).
Lot 64 : HUBLOT Tourbillon Classic Fusion, Limited Edition of 99. Ceramic wristwatch. 530% variation between low estimate and final result ($32,130 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 $6,915,409 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $600,028 USD.
GERALD GENTA
With a watch that fetched $104,423 USD, GERALD GENTA was the third best-performing brand in the sale, with a result of $104,423 USD.
These three brands represented total proceeds of $7,619,860 USD, or 91% of the total sale.
Given the number of lots, 111 in all, including 8 unsold lots, the average price per lot was $75,508 USD.
AVERAGE PRICE PER LOT
Given the number of lots, 111 in all, including 8 unsold lots, the average price per lot was $75,508 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 Gerald Genta.
GEOFFROY ADER
