The Christie’s Watches Online: A Time to Remember auction organized by Christie’s featured an exclusive selection of 242 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 1 525 000 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 175 : Rolex ref. 6263, Daytona ‘Big Red’ model, stainless steel chronograph wristwatch with manual movement, sold for 93 750 $ USD.
Lot 218 : Patek Philippe ref. 2526, Calatrava ‘Freccero’ model, first series, 18k pink gold wristwatch, automatic movement, sold for 47 500 $ USD.
BEST PERFORMANCES
Lot 229 : Patek Philippe, converted pocket watch into 18k yellow gold, manual movement, or 525% variation between the low estimate and the final result (6 250 $ USD).
Lot 123 : Piaget ref. 91541 C 5, 18k yellow gold “textured” ladies’ wristwatch with pave diamond dial, or 425% variation between the low estimate and the final result (5 250 5 $ USD).
Lot 173 : Rolex ref. 6919, Datejust ’Mickey Mouse’ model, automatic ladies’ wristwatch with stainless steel bezel and 18k white gold, or 400% variation between the low estimate and the final result (7 500 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having exceeded 90 000 $ USD, average per lot 14 840 $ USD. A result based on the highest bid of the sale with lot 175.
Patek Philippe
On the second step of the podium, with a watch above 45 000 $ USD, average per lot 9 115 $ USD.
Omega
On the third step of the podium, with a watch at 20 000 $ USD, average per lot 4 464 $ USD.
These three brands represent a total revenue of 819 000 $ USD, or more than 50% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 242 in total, including 42 unsold lots, the average price of a lot was 7 663 $ USD.
CONCLUSION
A mid size auction online only with strong results perfectly in line with all dynamics of the vintage watch market. It is interesting also to see that a converted Patek Philippe pocket watch as well as a Mickey Mouse later dial on a Rolex made strong results it shows that online players are less concerned by pieces which have been altered through time.
