The Important Watches and American Icons auction by Christie’s featured an exclusive selection of 150 timepieces from the best watch brands chosen for their condition, rarity and quality. Total sale including fees: 6 491 750 $ USD, selling nearly 80% of the lots on display.
BEST RESULTS
Lot 130 : Patek Philippe ref. 5016P, Tourbillon model, platinum perpetual calendar minute repeating tourbillon wristwatch with Breguet numerals, retrograde date, moon phases and additional solid case back, sold for 471 000 $ USD.
Lot 150 : Patek Philippe ref. 3450, 18k gold automatic perpetual calendar wristwatch with moon phases and leap year indication, retailed by par Tiffany & Co, sold for 350 000 $ USD.
BEST PERFORMANCES
Lot 69 : Audemars Piguet ref. 25820, stainless steel automatic perpetual calendar wristwatch with moon phases and bracelet, or 217% variation between the low estimate and the final result (47 500 $ USD).
Lot 41 : Hermès, Slim d’Hermès Marche du Zambèze model, 18k white gold and mother-of-pearl automatic limited edition wristwatch with painted dial, or 217% variation between the low estimate and the final result (47 500 $ USD).
Lot 107 : Various Brands, a lot of two 18k gold ppenface pocket watches. The first: Vacheron Constantin, formerly belonging to french hotelier, Charles C. Ritz. The second: L. Leroy & Cie, a split seconds chronograph, formerly belonging to american novelist Ernest Hemingway, or 192% variation between the low estimate and the final result (43 750 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the top step of the podium, with a watch having passed the 450 000 $ USD mark, average per lot 60 157 $ USD. A result based on the highest bid of the sale with lot 130.
Rolex
On the second step of the podium, with a 200 000 $ USD watch, average per lot 75 708 $ USD..
Vacheron Constantin
On the third step of the podium, with a watch passing the 300 000 $ USD mark, average per lot 173 125 $ USD.
These three brands represent total proceeds of 4 971 000 $ USD, or more than 75% of total sales.
AVERAGE PRICE PER LOT
Taking into account the number of lots, 150 in total, including 32 unsold lots, the average price of one lot was 55 015 $ USD.
CONCLUSION
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 Vacheron Constantin.
