The “Rare Watches” auction, organized by Christie’s in Geneva on November 6, 2023, featured an exclusive selection of 137 timepieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $19,514,277 USD, representing 90% of the lots presented.
BEST RESULTS
Lot 101 : PATEK PHILIPPE, Nautilus Ref. 3700/03. Platinum and diamond bracelet watch with certificate of origin and purchase invoice, circa 1982. Sold for $1,799,216 USD.
Lot 54 : PHILIPPE DUFOUR, Simplicity, Pièce unique. Steel wristwatch, “Royal Blue Dial”, circa 2021. Sold for $1,050,840 USD.
BEST PERFORMANCES
Lot 124 : CARTIER. yellow gold wristwatch, case stamped “Jacques Cartier”, movement signed Jaeger LeCoultre, circa 1972. 593% variation between low estimate and final result ($154,123 USD).
Lot 56 : PATEK PHILIPPE Ref. 5130G-023 “World Time Jerusalem Dial”. White gold wristwatch with world time, circa 2014. 454% variation between low estimate and final result ($308,246 USD)
Lot 135 : PATEK PHILIPPE, Ellipse “The house belongs to the people, Col Muammar Gaddafi”. White gold wristwatch specially produced for Colonel Muammar Gaddafi, circa 1979. 246% change between low estimate and final result ($154,123 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the best sales price ranking. PATEK PHILIPPE achieved the highest sales figure of $7,901,094 USD.
F.P. JOURNE
Occupying second place in the best-priced sales ranking. F.P. JOURNE realized $4,518,612 USD.
ROLEX
With a watch that fetched $378,302 USD, ROLEX was the third best-performing brand in the sale, with a result of $2,812,748 USD.
These three brands accounted for total proceeds of $15,232,454 USD, or 78% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 137 in all, including 14 unsold lots, the average price per lot was $158,653 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, F.P. Journe and Rolex.
GEOFFROY ADER
