The Geneva Watch Auction X organized by Phillips featured an exclusive selection of 184 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including expenses: 16 421 875 $ USD, selling nearly 95% of the lots presented.
BEST RESULTS
Lot 139 : Rolex ref. 4113, oversized stainless steel split seconds chronograph wristwatch with outer blue telemeter and black tachometer scales, sold for 1 940 000 $ USD.
Lot 249 : Rolex ref. 6062, well-preserved pink gold triple calendar wristwatch with star-set numerals and moonphases, sold for 1 940 000 $ USD.
BEST PERFORMANCES
Lot 101 : Panerai ref. OP 6754, pink gold limited edition split seconds chronograph wristwatch with 8 day power reserve, numbered 222 of a limited edition of 300 pieces, or a 692% variation between the low estimate and the final result (23 750 $ USD).
Lot 100 : Roger Dubuis ref. H043 1429 5, pink gold limited edition dual time perpetual calendar wristwatch with moonphases, numbered 02 out of a limited edition series of 28 pieces, or a 567% variation between the low estimate and the final result (20 000 $ USD).
Lot 186 : Movado, preserved pink gold chronograph wristwatch with screw-back case, manual movement, or a 431% variation between the low estimate and the final result (21 250 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the top step of the podium, with three watches having passed the $1 million USD mark, average per lot 165 356 $ USD. A result based on the highest two bids of the sale with lots 139 and 249.
Patek Philippe
On the second step of the podium, with a watch above 300 000 $ USD, average per lot 87 533 $ USD.
Audemars Piguet
On the third step of the podium, with a watch passing the 100 000 USD $ mark, average per lot 58 906 $ USD.
These three brands represent total proceeds of 13 777 125 $ USD, or nearly 85% of total sales.
AVERAGE PRICE PER LOT
Taking into account the number of lots, 184 in total, including 10 unsold lots, the average price of a lot was de 94 379 $ USD.
CONCLUSION
This sale demonstrated once again the dynamism of the market in the auctions, we can note the presence in the top trio of the following brands : Rolex, Patek Philippe, and Audemars Piguet.
