The Masterpiece Auction / Important Watches including an Important Private Asian Collection Part One organised by Christie’s featured an exclusive selection of 246 pieces from the best watch brands chosen for their condition, rarity and quality. Total fresh sale included : 26 634 989 $ USD, selling nearly 85% of the lots on display.
Lot 2201 : Patek Philippe ref. 2523, unique 18k pink gold two-crown world time wristwatch with 24 hour indication and double-signed blue enamel dial, sold for 9 024 505 $ USD.
Lot 2344 : Patek Philippe ref. 6002, Sky Moon Tourbillon model, 18k white gold double dial wristwatch with cathedral minute repeating, tourbillon, perpetual calendar, retrograde date, moon phases, leap year indication, sidereal time, sky chart, phases and orbit of the moon and cloisonné enamel dial, sold for 2 485 195 $ USD.
Lot 2241 : F.P. Journe, Chronometre A Resonance model, platinum dual time chronometer wristwatch with resonance-controlled twin independent gear-train movement and power reserve, or 733% variation between the low estimate and the final result (257 200 $ USD).
Lot 2211 : Piaget ref. P10353, Emperador Coussin model, 18k white gold and diamond-set limited edition automatic dual time wristwatch with date, day/night indication and mother-of-pearl dial, or 350% variation between the low estimate and the final result (28 395 $ USD).
Lot 2298 : Patek Philippe ref. 3800/108, Nautilus model, 18k white gold, diamond and emerald-set automatic wristwatch with sweep centre seconds, date and bracelet, or 328 % variation between the low estimate and the final result (208 975 $ USD).
BREAKDOWN BY BRANDS
On the top step of the podium, with a watch having exceeded 9 million $ USD, average per lot 318 111 $ USD. A result based on the highest bid of the sale with lot 2201.
On the second step of the podium, with two watches above 225 000 $ USD, average per lot 86 030 $ USD.
On the third step of the podium, with three watches having passed the 100 000 USD $ mark, average per lot 34 265 $ USD.
These three brands represent a total revenue of 22 521 236 $ USD, or nearly 85% of total sales.
AVERAGE PRICE PER LOT
Considering the number of lots, 246 in total, including 38 unsold lots, the average price of a lot was 128 053 $ USD.
This sale demonstrated once again the dynamism of the market in the auctions, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex and Audemars Piguet.