The Christie’s Watches Online auction organised by Christie’s included an exclusive selection of 293 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 2 118 625 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 25 : Cartier ref. 2379, Le cirque de animalier “Bumblebee” model, automatic stainless steel ladies’ wristwatch with after market diamonds, sold for 87 500 $ USD.
Lot 203 : Rolex ref. 6263, Daytone “Red” model, stainless steel chronograph wristwatch, sold for 75 000 $ USD.
BEST PERFORMANCES
Lot 25 : Cartier ref. 2379, Le cirque de animalier “Bumblebee” model, automatic stainless steel ladies’ wristwatch with after market diamonds, or 2 087% variation between the low estimate and the final result (87 500 $ USD).
Lot 112 : Breitling, chronograph wristwatch in pink gold with art deco numerals, or 400% variation between the low estimate and the final result (10 000 $ USD).
Lot 64 : Piaget ref. 9706 A 6, 18k white gold ladies’ wristwatch with jade dial and diamond bezel, or 369% variation between the low estimate and the final result (9 375 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch at 75 000 $ USD, average per lot 13 382 $ USD.
Patek Philippe
On the second step of the podium, with a watch above 40 000 $ USD, average per lot 11 628 $ USD.
Cartier
On the third step of the podium, with a watch having surpassed the 85 000 $ USD mark, average per lot 10 131 $ USD. A result based on the highest bid of the sale with lot 25.
These three brands represent a total revenue of 1 139 875 $ USD, or more than 50% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 293 in total, including 47 unsold lots, the average price of a lot was 8 612 $ USD.
CONCLUSION
This is an interesting aspect of the auction world where online auctions have become a new market sector both for Christie’s and Sotheby’s which have multiplied the number of sales on their platform. This first one of the season conducted by Christie’s has once again reaffirmed the leadership of Rolex but also shows that online bidders can be somehow “flamboyant” with this amazing result on a Pasha Cartier so called “Bumblebee”.
