The An Evening of Exceptional Watches auction organized by Christie’s featured an exclusive selection of 98 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 5 811 125 $ USD, selling nearly 80% of the lots presented.
BEST RESULTS
Lot 94 : Patek Philippe ref. 3448, 18k white gold automatic perpetual calendar wristwatch with moon phases and bracelet , sold for 1 155 000 $ USD.
Lot 92 : Patek Philippe ref. 3448, stainless steel chronograph wristwatch with bracelet, mouvement manuel, retailed by Gübelin, sold for 423 000 $ USD.
BEST PERFORMANCES
Lot 94 : Patek Philippe ref. 3448, 18k white gold automatic perpetual calendar wristwatch with moon phases and bracelet , or 285% variation between the low estimate and the final result (1 155 000 $ USD).
Lot 20 : Rolex ref. 5512, Oyster Perpetual, Submariner model, stainless steel automatic wristwatch with four line dial, center seconds and bracelet, or 233% variation between the low estimate and the final result (50 000 $ USD).
Lot 16 : Rolex ref. 1016, Explorer model, stainless steel automatic wristwatch with center seconds, or 170% variation between the low estimate and the final result (32 500 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having exceeded the million USD mark, average per lot 101 918 $ USD. A result based on the highest bid of the sale with lot 94.
Rolex
On the second step of the podium, with a watch above 300 000 $ USD, average per lot 90 227 $ USD.
Vacheron Constantin
On the third step of the podium, with a watch having exceeded the 300 000 $ USD mark, average per lot 128 542 $ USD.
These three brands represent a total revenue of 5 020 500 $ USD, or more than 85% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 98 in total, including 22 unsold lots, the average price of a lot was 76 462 $ USD.
CONCLUSION
The market has demonstrated once again its strength on the auction block, we have noticed the presence of the three leading watch brands : Patek Philippe, Rolex and Vacheron Constantin.
