The Watches & Fine Timepieces Signature Auction organized by Heritage Auctions featured an exclusive selection of 643 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 5 519 891 $ USD, selling 95% of the lots presented.
BEST RESULTS
Lot 54391 : Rolex, ref. 6241, “Paul Newman” Cosmograph Daytona “John Player Special”, 14k yellow gold wristwatch, sold for 804 500 $ USD.
Lot 54380 : Tudor, ref. 7924, Big Crown Submariner, “Red Triangle” Bezel, “Gilt” Dial, sold 162 500 $ USD. Record breaking result for the brand in the market segment of vintage watches.
BEST PERFORMANCES
Lot 54612 : E.G. Elliot & W. Hanson, two experimental American pocket watches, with enamel dial, or 823% variation between the low estimate and the final result (1 125 USD).
Lot 54604 : Waltham, two 14k gold pocket watches, model 72 Amn, or a 500% variation between the low estimate and the final result (1 500 $ USD).
Lot 54639 : Waltham, two duo dial chronographs, or 486% variation between the low estimate and the final result (937,50 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having surpassed the 800 000 $ USD mark, average per lot 26 572 $ USD. A result based on the highest bid of the sale with lot 54391.
F.P. Journe
On the second step of the podium, with three watches above 70 000 $ USD, average per lot 40 424 $ USD.
Patek Philippe
On the third step of the podium, with a watch at 50 000 $ USD, average per lot 12 287 $ USD.
These three brands represent a total revenue of 2 647 754 $ USD, or nearly 50% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 643 in total, the average price per lot was 8 625 $ USD.
CONCLUSION
This new auction house that we have added to our selection on the auction market here has a very good session with sustained results, as since the beginning of the year Rolex has been leading the highest results, but we also note the good health of independent brands like FP Journe. This auction house specialized in collectables in the US has made real progress to be part of the major players in the field of watch auctions.
