The Christie’s Watches Online auction organized by Christie’s featured an exclusive selection of 117 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including fees : 767 404 $ USD, selling nearly 60% of the lots on display.
BEST RESULTS
Lot 25 : Franck Muller, platinum wristwatch, minute repeating imperial tourbillon, manual movement, sold for 56 263 $ USD.
Lot 65 : Patek Philippe ref. 3800, Nautilus model, 18k yellow gold and diamond-set wristwatch, sold for 41 795 $ USD.
BEST PERFORMANCES
Lot 72 : Patek Philippe, 18k gold minute repeating keyless lever watc, enamel dial and manual movement, or 189% variation between the low estimate and the final result (24 113 $ USD).
Lot 99 : Alain Silberstein, Cyclope model, stainless steel automatic wristwatch in limited edition, n°158/500, or 165% variation between the low estimate and the final result (2 894 $ USD).
Lot 58 : Panerai, Luminor Marina model, stainless steel automatic wristwatch, PAM 00051, or 150% variation between the low estimate and the final result (5 144 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having exceeded 40 000 $ USD, average per lot 13 273 $ USD. A result based on the second highest bid of the sale with lot 65.
Rolex
On the second step of the podium, with a watch above 20 000 $ USD, average per lot 10 994 $ USD.
Moritz Grossmann
On the third step of the podium, with a watch passing the 20 000 $ USD mark, average per lot 19 612 $ USD.
These three brands represent a total revenue of 462 463 $ USD, or 60% of total sales.
AVERAGE PRICE PER LOT
Taking into account the number of lots, 117 in total, including 69 unsold lots, the average price of a lot was 11 222 $ 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 Moritz Grossmann.
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