The Important Watches auction organized by Christie’s featured an exclusive selection of 317 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 13 123 520 $ USD, selling more than 80% of the lots presented.
Lot 2384 : A. Lange & Sohne ref. 702.025F, Tourbograph “Pour le Mérite” model, platinum limited edition split seconds chronograph tourbillon wristwatch with power reserve indication and chain fusée, sold for 381 440 $ USD.
Lot 2482 : Patek Philippe ref. 3979, platinum automatic minute repeating wristwatch with enamel dial, sold for 381 440 $ USD.
Lot 2393 : Greubel Forsey, Invention Piece 2 model, 18k pink gold limited edition asymmetrical wristwatch with quadruple tourbillon and power reserve, sold for 381 440 $ USD.
Lot 2239 : Daniel Roth ref. 118.X.60, 18k white gold wristwatch barrelshaped automatic perpetual calendar wristwatch with leap year indication and moon phases, or 408% variation between the low estimate and the final result (20 800 $ USD).
Lot 2420 A : Patek Philippe, brass world time wall clock, manufactured in 2001, or 400% variation between the low estimate and the final result (51 200 $ USD).
Lot 2210 A : Rolex ref. 16710, GMT-Master II model, stainless steel automatic dual time wristwatch with sweep centre seconds, date and bracelet, or 300% variation between the low estimate and the final result (12 800 $ USD).
BREAKDOWN BY BRANDS
On the first step of the podium, with a watch having exceeded the 300 000 $ USD mark, average per lot 64 976 $ USD. A result based on the highest bid of the sale with lot 2482.
On the second step of the podium, with five watches above 200 000 $ USD, average per lot 44 786 $ USD.
On the third step of the podium, with a watch having exceeded the 250 000 $ USD mark, average per lot 208,356 $ USD.
These three brands represent a total revenue of 8 324 000 $ USD, or more than 60% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 317 in total, including 53 unsold lots, the average price of a lot was 49 710 $ USD..
A solid sale that once again demonstrates the importance of selecting pieces in an increasingly selective market. This auction also demonstrates the strength of Richard Mille as a major player for independent watchmakers in Asia, it reinforces its presence on the secondary market.