The Oak Collection Part 1 auction, organized by Christie’s in Hong Kong on November 26, 2023, featured an exclusive selection of 139 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $6,621,391 USD, representing 75% of the lots presented.
BEST RESULTS
Lot 2593 : AKRIVIA, Ref. AK-06. Steel semi-skeleton wristwatch with power reserve, circa 2022. Sold for $676,318 USD.
Lot 2594 : AKRIVIA, Pièce unique. Ref. AK-01. Titanium single-pusher wrist chronograph with power reserve. Sold for $611,906 USD.
BEST PERFORMANCES
Lot 2617 : PATEK PHILIPPE, Dôme ref.1636M-001, Gilt brass and cloisonné enamel clock with hot-air balloon decoration, circa 2015. 164% variation between low estimate and final result ( $338,158 USD).
Lot 2579 : VOUTILAINEN for ONLY WATCH 2015. Steel wristwatch with 24h indication, day/night mode and enameled dial at center. 120% variation between low estimate and final result ($450,878 USD).
Lot 2547 : CARTIER, Tank “Collection Privée Cartier Paris”, Limited Edition of 100. White gold bracelet watch. 120% variation between the low estimate and the final result ($45,087 USD).
BREAKDOWN BY BRANDS
VOUTILAINEN
Occupying first place in the auction’s top price ranking. VOUTILAINEN achieved the sale’s top figure of $1,618,331 USD.
AKRIVIA
Occupying second place in the best-priced sales ranking. AKRIVIA realized $1,288,224 USD.
PATEK PHILIPPE
With a watch that fetched $354,262 USD, PATEK PHILIPPE was the third best-performing brand in the sale, with a result of $1,085,329 USD.
These three brands accounted for total proceeds of $3,991,884 USD, or 62% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 139 in all, including 35 unsold lots, the average price per lot was $47,636 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Voutilainen, Akrivia and Patek Philippe.
GEOFFROY ADER
