The “Important Watches ”The Collectibles“” auction organized by Christie’s in Hong Kong on October 27, 2024, featured an exclusive selection of 270 pieces from the finest watch brands, chosen for their condition, rarity, and quality. Total sale, including fees: $24,940,222 USD, or 87% of the lots presented.
BEST RESULTS
Lot 2475: PATEK PHILIPPE – An exceptional and legendary 18-carat rose gold wristwatch with perpetual calendar chronograph, moon phases, and French calendar. Sold for $2,486,900 USD
Lot 2417: RICHARD MILLE – A unique and attractive 18-karat white gold skeleton tourbillon wristwatch, tonneau-shaped, with wheels set with lapis lazuli, created to commemorate Boucheron’s 150th anniversary. Sold for $1,558,830 USD
Lot 2354: PATEK PHILIPPE – An 18-karat rose gold automatic wristwatch with perpetual calendar and minute repeater, probably unique, important and exceptional 18-karat rose gold “cathedral” with moon phases, 24 hours, leap year indication. Sold for $819,000 USD
BEST PERFORMANCES
Lot 2231: CARTIER Circa 1997 – Rare limited edition platinum wristwatch with jumping hour and wandering minutes, made to commemorate Cartier’s 150th anniversary. 766% variation between the base estimate and the final result ($180,180)
Lot 2239: PARMIGIANI FLEURIER A unique platinum wristwatch with automatic perpetual calendar, central seconds, and moon phases. 530% variation between the base estimate and the final result ($65,520 USD)
Lot 2358: VACHERON CONSTANTIN. A wall clock in gilded metal. 478% variation between the base estimate and the final result ($18,018 USD)
BREAKDOWN BY BRAND
Patek Philippe
Ranking first in terms of highest sale prices, PATEK PHILIPPE achieved the highest sale figure of $10,240,045 USD.
Rolex
Ranking second in terms of highest sale prices, ROLEX achieved a sale figure of $3,578,211 USD.
Richard Mille
With a watch that reached a price of $1,558,830, RICHARD MILLE is the third best-performing brand in this sale with a result of $2,274,636.
These three brands represent a total revenue of $16,092,892, or 65% of total sales.
AVERAGE PRICE PER LOT
Given the number of lots, 270 in total, including 35 unsold lots, the average price per lot was $106,129 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands featuring in the top three: Patek Philippe, Rolex, and Richard Mille.
