The “The Geneva Watch Auction: XIII”, organized by Phillips, featured an exclusive selection of 236 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including expenses : 42 313 811 $ USD, selling 98% of the lots presented.
BEST RESULTS
Lot 33 : Patek Philippe, ref 2523, 1953. A previously unknown, first of its kind, extremely important, rare and attractive yellow gold worldtime wristwatch with two crowns and “Eurasia” cloisonné enamel dial. Sold for 7,823,280 $ USD.
Lot 160 : Patek Philippe, ref 570, 1942. A highly rare and incredibly well-preserved stainless steel wristwatch with two-tone dial and Breguet numerals. Sold for 3,659,670 $ USD.
BEST PERFORMANCES
Lot 160 : Patek Philippe, ref 570, 1942. A highly rare and incredibly well-preserved stainless steel wristwatch with two-tone dial and Breguet numerals. 1549% variation between the low estimate and the final result (3,659,670 $ USD).
Lot 91 : Anonymous manufacturer, 1992. A unique automatic minute repeating yellow gold chronograph wristwatch with date, F.P. Journe repeating mechanism and J.P. Hagmann case. 1538 % variation between the low estimate and the final result (181,818 $ USD).
Lot 165 : IWC, ref 3712, 1995. A unique prototype stainless steel split seconds chronograph wristwatch, proceeds going to charity. 1396 % variation between the low estimate and the final result (132,867 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
Achieving the best result of the sale by selling a watch for 7,823,280 $ USD and occupying the top five places, it stands out from the crowd. Average per lot 423,774 $ USD.
Rolex
With a total of 6,265,728 $ USD, it is the second best performer. Average per lot 96,396 $ USD.
Audemars Piguet
With a total of 2,625,172 $ USD, it is the third best performer. Average per lot 119,326 $ USD.
These three brands represent a total product of 33,893,539 $ USD, more than 80% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 236 in total, including 4 unsold lots, the average price of a lot was 182,387 $ USD.
CONCLUSION
This sale demonstrated once again the dynamism of the market in the auction, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex and Audemars Piguet.
