The Hong Kong Watch Auction: XV, organized by Phillips in Hong Kong on November 28, 2022, featured an exclusive selection of 269 pieces from the finest watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $23,303,421 USD, representing 98% of the lots presented.
BEST RESULTS
Lot 858 : PATEK PHILIPPE, ref. 2499, 18k (750) yellow gold wrist chronograph with perpetual calendar and moon phases. Sold for $1,363,968 USD.
Lot 975 : PHILIPPE DUFOUR, Simplicity, 18k (750) white gold bracelet watch. Sold for $883,840 USD.
BEST PERFORMANCES
Lot 971 : DE BEERS, Starburst Diamonds 2000, gilded brass hourglass with 2000 diamonds. Limited edition of 200 made for Hour Glass and sold exclusively to the Japanese market. 1,160% variation between the low estimate and the final result ($24,192 USD).
Lot 1040 : PATEK PHILIPPE, Calatrava, ref. 2508, 18k (750) yellow gold wristwatch with gold bracelet signed Gay Frères. 696% variation between the low estimate and the final result ($96,768 USD).
Lot 868 : ROLEX, Submariner Ref. 16610, steel wristwatch produced especially for the GSPR (Groupe de Sécurité de la Présidence de la République). Limited edition of 30, No. 1/11.
BREAKDOWN BY BRANDS
PATEK PHILIPPE
Occupying the first place in the ranking of the best prices of the sale. PATEK PHILIPPE achieved the highest sales figure of $8,603,853 USD
ROLEX
Occupying the second place in the ranking of the best prices of the sale. ROLEX realized a figure of $4,778,081 USD
AUDEMARS PIGUET
With a watch that reached the price of $387,072 USD, it is the third best performing brand in this sale with a result of $2,362,268 USD.
These three brands accounted for total proceeds of $15,744,202 USD, or 68% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 269 in total, including 5 unsold lots, the average price of a lot was $88,271 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 Audemars Piguet.
