The Hong Kong Watch Auction, organized by Phillips in Hong Kong on November 24, 2023, featured an exclusive selection of 211 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $23,239,943 USD, representing 99% of the lots presented.
BEST RESULTS
Lot 858 : PATEK PHILIPPE, Ref. 3974P-001 “Possibly unique”. Platinum wristwatch with perpetual calendar, minute repeater, moon phases, 24h indication and leap years, circa 2001. Sold for $1,837,284 USD.
Lot 903 : ROLEX, Ref. 6062. Yellow gold wristwatch with full calendar and moon phases, “star” index. Sold for $909,625 USD.
MEILLEURES PERFORMANCES
Lot 828 : DANIEL ROTH, Ref. C127S. White gold skeleton watch with retrograde hours, circa 1990. 694% variation between low estimate and final result ( $81,216 USD).
Lot 857 : AUDEMARS PIGUET, Ref. 25549PT. Platinum bracelet watch with perpetual calendar and moon phases and integrated platinum bracelet. 360% variation between low estimate and final result ($47,105 USD).
Lot 966 : CARTIER, Tortue ref. 2714. Single-pusher bracelet chronograph in white gold. 360% variation between the low estimate and the final result ($21,116 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE achieved the sale’s top figure of $8,607,491 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $4,466,908 USD.
F.P. JOURNE
With a watch that fetched $877,138 USD, F.P. JOURNE was the third best-performing brand in the sale, with a result of $4,061,637 USD.
These three brands accounted for total proceeds of $17,136,036 USD, or 74% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 211 in all, including 3 unsold lots, the average price per lot was $110,142 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and F.P. Journe.
