The “Important Watches” auction, organized by Christie’s in New York on June 6, 2023, featured an exclusive selection of 84 timepieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $4,079,502 USD, representing 69% of the lots presented.
BEST RESULTS
Lot 84 : PATEK PHILIPPE, REF. 5074J-001 “CATHEDRAL”. Bracelet watch in 18K yellow gold with perpetual calendar, minute repeater, 24h indication and moon phases. Sold for $403,200 USD.
Lot 6 : ROLEX, REF. 6236, “JEAN-CLAUDE KILLY”. Steel bracelet chronograph with full calendar. Sold for $264,600 USD.
BEST PERFORMANCES
Lot 1 : HEUER sold by ABERCROMBIE & FITCH CO, REF. 2447, SEAFARER. Steel bracelet chronograph with countdown timer. 404% variation between low estimate and final result ($40,320 USD).
Lot 6 : ROLEX, REF. 6236, “JEAN-CLAUDE KILLY”. Steel bracelet chronograph with full calendar. 167% variation between low estimate and final result ($264,600 USD).
Lot 17 : OMEGA, SPEEDMASTER “BROAD ARROW” REF. 3658.50.3. Limited edition of 21, no. 7/21. Skeleton bracelet chronograph in platinum. 139% variation between low estimate and final result ($47,880 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of best sales prices. PATEK PHILIPPE achieved the highest sales figure of $2,263,590 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $541,800 USD.
AUDEMARS PIGUET
With a watch that fetched $170,100 USD, AUDEMARS PIGUET was the third best-performing brand in the sale, with a result of $517,860 USD.
These three brands accounted for total proceeds of $3,384,650 USD, or 83% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 84 in all, including 26 unsold lots, the average price per lot was $48,566 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Audemars Piguet.
Geoffroy Ader
