The Double Signed: A Celebration of the Finest Partnerships Between Manufacturers and Retailers auction organized by Phillips featured an exclusive selection of 64 timepieces from the best watch brands chosen for their condition, rarity and quality. Total fresh sale included: 6 729 875 $ USD, selling more than 85% of the lots on display.
Lot 35 : Patek Philippe ref. 2499, most probably unique 18k pink gold perpetual calendar chronograph wristwatch with Italian calendar disc and moon phases, sold for 1 580 000 $ USD.
Lot 28 : Patek Philippe ref. 3652, 18K yellow gold minute repeating wristwatch, manual movement, sold for 572 000 $ USD.
Lot 6 : Rolex, well-preserved stainless steel wristwatch with “bamboo” bracelet, manual movement, or 494% variation between the low estimate and the final result (23 750 $ USD).
Lot 52 : Universal ref. 22279/3, Tri-Compax model, stainless steel triple calendar wristwatch with moonphases, tachymeter and telemeter scales, box and original guarantee, or 338% variation between the low estimate and the final result (17 500 $ USD).
Lot 30 : Patek Philippe ref. 2525/1, 18k white gold wristwatch with fluted lugs, or 332% variation between the low estimate and the final result (108 750 $ USD).
BREAKDOWN BY BRANDS
On the top step of the podium, with a watch having passed the $1 million USD mark, average per lot 167 761 $ USD. A result based on the highest bid of the sale with lot 35.
On the second step of the podium, with two watches above 100 000 $ USD, average per lot 57 292 $ USD.
On the third step of the podium, with a watch having passed the 100 000 $ USD mark, average per lot 81 250 $ USD.
These three brands represent total proceeds of 6 382 000 $ USD, or nearly 95% of total sales.
AVERAGE PRICE PER LOT
Considering the number of lots, 64 in total, including 8 unsold lots, the average price of a lot was 122 361 $ USD.
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 : Patek Philippe, Rolex, and Audemars Piguet.