The Watches Online Auction: The Geneva Sessions Spring 2023, organized by Phillips in Geneva on March 16, 2023, featured an exclusive selection of 54 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,110,200 USD, or 98% of lots presented.
BEST RESULTS
Lot 39 : PATEK PHILIPPE, ref. 5970P-001. Bracelet chronograph in platinum (950) with perpetual calendar, moon-phase and leap-year indication. Sold for $300,634 USD.
Lot 31 : F.P. JOURNE, Tourbillon Souverain. Bracelet watch in platinum (950) with equal winding mechanism. Sold for $273,304 USD.
BEST PERFORMANCES
Lot 5 : BREGUET, ref. 5175. Limited edition of 10 sold by Ginza. Bracelet watch in 18k (750) white gold with blue enamel dial. 535% variation between low estimate and final result ($68,326 USD).
Lot 34 : IWC, Ref. 3527. Titanium wristwatch. 281% variation between low estimate and final result ($20,498 USD).
Lot 35 : DANIEL ROTH, Ref. C117. 18k (750) rose gold wristwatch with perpetual calendar. 281% variation between the low estimate and the final result ($102,489 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the best sales price ranking. PATEK PHILIPPE achieved the highest sales figure of $1,167,008 USD.
AUDEMARS PIGUET
Occupying second place in the sale’s best price ranking. AUDEMARS PIGUET realized $471,449 USD.
ROLEX
With a watch that fetched $136,652 USD, it was the third best-performing brand in the sale, with a result of $275,354 USD.
These three brands accounted for total proceeds of $1,913,811 USD, or 61% of total sales.
AVERAGE PRICE PER LOT
Given the number of lots, 54 in all, including 1 unsold lot, the average price per lot was $57,596 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Audemars Piguet and Rolex.
GEOFFROY ADER
