The Geneva Watch Auction SEVEN auction organized by Phillips featured an exclusive selection of 185 pieces from the best watch brands chosen for their condition, rarity and quality. Total sales included: $ 24,350,135 USD, selling 98% of the lots presented.
BEST RESULTS
Lot 160 : Omega, ref. H6582 / D96043, 18K white gold, diamond-set, signed on the dial by Tiffany & Co, sold for $ 1 917 625 USD, setting a new world record for any Omega watch sold at auction. Note that it was offered to Elvis Presley by RCA Records in 1961 to commemorate the sale of 75 million records.
Lot 226 : Patek Philippe, ref. 2499, yellow gold bracelet chronograph, sold for $ 1 663 705 USD, setting a new world record for a fourth Patek Philippe series ref. 2499.
BEST PERFORMANCES
Lot 160 : Omega, ref. H6582/D96043, or 3525% variation between the low estimate and the final result ($ 1,917,625 USD).
Lot 158 : Omega, ref. ST 188.0002, or 1522% variation between the low estimate and the final result ($ 171 925 USD).
Lot 189 : Patek Philippe ref. 6239, or 845% of variation between the low estimate and the final result ($ 39 675 USD).
Note that lot 160 which is an Omega, ref. H6582/D96043 achieves both the best result and the best performance.
BREAKDOWN BY BRANDS
Patek Philippe
On the top step of the podium, with three watches having exceeded the million dollar mark, average per lot $ 213 558 USD.
Rolex
On the second step of the podium, with a watch over the million dollars, average per lot $ 137 009 USD.
Omega
On the third step of the podium, average per lot $ 326 334 USD. A result based on the highest bid of the sale with lot 160.
These three brands represent a total product of $ 20,324,445, representing more than 80% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 132 in total, including 5 lots sold over a million USD, the average price of a lot was $ 133 792 USD.
CONCLUSION
This session SEVEN Phillips confirms again that Patek Philippe and Rolex are the undisputed masters of the auction but we must note a great performance of the brand Omega, which through the historic watch Elvis Presley has managed to climb the third step of the podium. Note also the record price for the A.L. Söhne watch, which was sold for the benefit of a charity. Finally, note a significant breakthrough of the house Breguet whose auctioned price of its icon model, the model XX type bracelet chronograph, reached record prices during this session.
