The auction “Passion for Time, An Important Private Collection of Watches and Timepieces Online”, organized by Christie’s in Geneva from November 7 to 21, 2023, featured an exclusive selection of 117 timepieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $1,955,423 USD, representing 64% of the lots presented.
BEST RESULTS
Lot 2235 : PATEK PHILIPPE resold by TIFFANY & CO, Nautilus ref. 5990/1A-001. Steel bracelet chronograph with second time zone and in-flight return function, circa 2010. Sold for $199,156
Lot 2302 : PATEK PHILIPPE, yellow gold pocket watch with chronograph function, split-seconds and minute repeater, circa 1910. Sold for $128,029 USD.
MEILLEURES PERFORMANCES
Lot 2300 : BREGUET “MR. ESSEYED ALI EFFENDI”. Gold and enamel pocket watch produced for the Ottoman market, circa 1804. 341% variation between the low estimate and the final result ($99577 USD).
Lot 2302 : PATEK PHILIPPE, Yellow gold pocket watch with chronograph function, split-seconds and minute repeater, circa 1910. 278% variation between the low estimate and the final result ( $128,029 USD).
Lot 2319 : SHEAFFER, a set of 2 yellow gold pens made especially for the Sultanate of Oman, circa 1995. 278% variation between the low estimate and the final result ($2,133 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE achieved the sale’s top figure of $571,861 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $403,290 USD.
VACHERON CONSTANTIN
With a watch that fetched $56,902 USD, VACHERON CONSTANTIN was the third best-performing brand in the sale, with a result of $113,803 USD.
These three brands represented total proceeds of $1,088,954 USD, or 56% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 117 in all, including 42 unsold lots, the average price per lot was $16,713 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Vacheron Constantin.
GEOFFROY ADER
