The Christie’s Watches Online: Spring Fever auction organized by Christie’s featured an exclusive selection of 209 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 697 026 $ USD, selling more than 60% of the lots presented.
BEST RESULTS
Lot 180 : Patek Philippe ref. 3940J, 18k yellow gold automatic wristwatch, perpetual calendar and moon phases, sold for 32 010 $ USD.
Lot 64 : Cartier ref. 3332, Tank Folle model, ladies’ watch in 18k white gold and diamonds, manual movement, sold for 19 206 $ USD.
BEST PERFORMANCES
Lot 64 : Cartier ref. 3332, Tank Folle model, ladies’ watch in 18k white gold and diamonds, manual movement, or 400% variation between the low estimate and the final result (19 206 $ USD).
Lot 197 : Omega ref. 491.8525 D, La Magique model, 18k yellow gold and diamond bracelet watch, quartz movement, or 228% variation between the low estimate and the final result (6 722 $ USD).
Lot 194 : Omega ref. 212.30.41.20.01.005, Seamaster 300 model, James Bond 50th Anniversary edition, stainless steel wristwatch, or 215% variation between the low estimate and the final result (3 841 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having exceeded the 30 000 $ USD mark, average per lot 6 220 $ USD. A result based on the highest bid of the sale with lot 180.
Omega
On the second step of the podium, with a watch above 8 000 $ USD, average per lot 4 396 $ USD.
IWC
On the third step of the podium, with a watch having exceeded the 10 000 $ USD mark, average per lot 6 589 $ USD.
These three brands represent a total revenue of 212 320 $ USD, or more than 30% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 209 in total, including 80 unsold lots, the average price of a lot was 5 403 $ 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, Omega and IWC.
