The Christie’s Watches Online: A Horological Holiday auction organized by Christie’s featured an exclusive selection of 240 pieces from the best watch brands chosen for their condition, rarity and quality. Total fresh sale included : 1 520 125 $ USD, selling nearly 70% of the lots on display.
BEST RESULTS
Lot 240 : Patek Philippe ref. 5131G, automatic wristwatch in 18k white gold, enamel dial showing Europe and Africa, world time, sold for 100 000 $ USD.
Lot 206 : Rolex ref. 6263, ‘Small Red’ Daytona modem, stainless steel chronograph wristwatch, manual movement, sold for 60 000 $ USD.
BEST PERFORMANCES
Lot 67 : Chopard ref. 16/2267, montre bracelet tonneau automatique en or jaune 18K L.U.C, en édition limitée, n°. 0011/1860, or 1 358% variation between the low estimate and the final result (4 375 $ USD).
Lot 69 : Chopard ref. 16/3556, automatic wristwatch in 18k rose gold with date, or 550% variation between the low estimate and the final result (3 250 $ USD).
Lot 212 : Patek Philippe for Tiffany & Co., ladies’ bracelet watch in platinum and diamonds, manual movement, or 525% variation between the low estimate and the final result (7 500 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the top step of the podium, with a watch at 60 000 $ USD, average per lot 11 597 $ USD. A result that is based on the second highest bid of the sale with the lot 206.
Patek Philippe
On the second step of the podium, with a watch at 100 000 $ USD, average per lot 15 153 $ USD. A result based on the highest bid of the sale with lot 240.
Audemars Piguet
On the third step of the podium, with two watches passing the $20,000 USD mark, average per lot 11 625 $ USD.
These three brands represent a total revenue of 913 625 $ USD, or more than 60% of total sales.
AVERAGE PRICE PER LOT
Taking into account the number of lots, 240 in total, including 74 unsold lots, the average price of a lot was 9 157 $ 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 : Rolex, Patek Philippe and Audemars Piguet.
