The Christie’s Watches Online: The Keystone Collection auction organized by Christie’s featured an exclusive selection of 234 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including expenses: 1 672 625 $ USD, selling nearly 80% of the lots presented.
BEST RESULTS
Lot 222 : Rolex ref. 6241, modèle Daytona Paul Newman ‘Tropical’, montre bracelet chronographe en acier inoxydable, mouvement manuel, vendue 162 500 $ USD.
Lot 122 : Patek Philippe & ‘Tiffany & Co.’ ref. 725/2, montre de poche à quantième perpétuel en or jaune 18k à face ouverte et calendrier perpétuel, vendue 87 500 $ USD.
BEST PERFORMANCES
Lot 137 : Patek Philippe ref. 3666, montre bracelet en or jaune 18k en forme de coussin, mouvement manuel, soit 358% de variation entre l’estimation basse et le résultat final (13 750 $ USD).
Lot 57 : Rolex, montre bracelet pour dame en or jaune 18k, cadran serti de diamants et cadran caché, mouvement manuel, soit 358% de variation entre l’estimation basse et le résultat final (13 750 $ USD).
Lot 148 : Omega ref. 3521.30.00, modèle Speedmaster réduit ‘Tropical’, montre bracelet chronographe en acier inoxydable, triple calendrier, mouvement automatique, soit 296% de variation entre l’estimation basse et le résultat final (4 750 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch at over 150 000 $ USD, average per lot 10 438 $ USD. A result based on the highest bid of the sale with lot 222.
Patek Philippe
On the second step of the podium, with a watch above 80 000 $ USD, average per lot 13 018 $ USD.
Audemars Piguet
On the third step of the podium, with a watch worth more than 20 000 $ USD, average per lot 6 830 $ USD.
These three brands represent a total revenue of 1 172 375 $ USD, or 70% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 234 in total, including 51 unsold lots, the average price of a lot was 9 190 $ 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 : Rolex, Patek Philippe and Audemars Piguet.
