The Geneva Watch Auction: NINE organized by Phillips featured an exclusive selection of 220 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 26 066 450 $ USD, selling more than 95% of the lots presented.
BEST RESULTS
Lot 34 : George Daniels, Grand Complication, yellow gold instantaneous perpetual calendar minute repeating openface watch with moonphases, thermometer, power reserve, equation of time, annual calendar and one minute co-axial tourbillon, sold for 2 442 264 $ USD.
Lot 68 : Rolex ref. 8171, “Padellone” model, triple calendar wristwatch with moonphases and two-tone dial, original box and numbered hang tag, in 18k yellow gold, sold for 989 016 $ USD.
BEST PERFORMANCES
Lot 88 : Omega ref. OT 2849, pink gold wristwatch with black glossy dial and bearing the signature of Sheikh Abdullah Al-Jaber Al-Sabah of Kuwait, or 867% variation between the low estimate and the final result (29 015 $ USD).
Lot 172 : Zenith ref. A384, El Primero model, stainless steel chronograph wristwatch with tropical panda dial and original presentation box, or 572% variation between the low estimate and the final result (40 368 $ USD).
Lot 138: Habring 2 x Massena Lab, Erwin LAB01 model, bronze prototype wristwatch with glossy gilt sector dial, dead beat seconds and second dial, proceeds going to charity, or 530% variation between the low estimate and the final result (31 538 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having surpassed the 952 000 $ USD mark, average per lot 148 840 $ USD. A result that is based on the second highest bid of the sale with lot 68.
Patek Philippe
On the second step of the podium, with a watch above 800 000 $ USD, average per lot 139 237 $ USD.
George Daniels
On the third step of the podium, with a watch having exceeded $ 2 million USD, average per lot 1 451 356 $ USD. A result based on the highest bid of the sale with lot 34.
These three brands represent a total revenue of 21 661 343 $ USD, or nearly 80% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 220 in total, including 7 unsold lots, the average price of a lot was 122 378 $ USD.
CONCLUSION
Results from this auction confirm for the second consecutive year the incredible demand that does not weaken on the Rolex market. Largely ahead of Patek Philippe, Rolex is the big winner of the auction market for the last two years with some prices showing some signs of decline. Note also the good scores of the Omega brand, which again this year managed to get the best performance between the low estimate and the final price achieved under the hammer. All these signs are showing once the strength and good performance of the auction watch market.
