Christie’s An Evening of Exceptional Watches auction featured an exclusive selection of 95 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including costs: 7 773 375 $ USD, selling more than 87% of the lots presented.
Lot 95: Rolex, ref. 6538, stainless steel automatic wristwatch with “Explorer Dial”, sold for 1 068 500 $ USD
Lot 17 : Rolex, ref. 6263, stainless steel bracelet chronograph, Oyster Cosmograph, “Paul Newman” model, sold for 732 500 $ USD.
Lot 24 : Aerotel, two wristwatches, 192% variation between the low estimate and the final result (8 750 $ USD).
Lot 23 : Aerotel, 18-carat pink gold wristwatch, 163% variation between the low estimate and the final result (5 250 $ USD).
Lot 84 : Patek Philippe, ref. 5712/1, that is 138% variation between the low estimate and the final result (47 500 $ USD).
BREAKDOWN BY BRANDS
On the first step of the podium, with four watches having exceeded the bar of 400 000 $ USD, average per lot 105 244 $ USD.
On the second step of the podium, with a watch above the million USD dollars, average per lot 160 400 $ USD. A result based on the highest bid of the sale with lot 95.
On the third step of the podium, with a watch having exceeded the bar of 300 000 $ USD, average per lot 133 583 $ USD.
These three brands represent a total product of 7 016 500 $ USD, that is more than 90% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 95 in total, including 12 unsold lots, the average price of a lot was 93 655 $ USD.
This session in New York confirms market trends, Patek Philippe and Rolex are more than ever the key players with sustained results. We also note the presence of the brand Omega which is becoming stronger especially with all the variations of its famous Speedmaster model. This Christie’s sale once again demonstrates that rare pieces with an exceptional provenance are increasingly sought after by collectors. Finally the new world record for a Submariner confirms once again that the Rolex market has become the reference for all places.