The Hong Kong Watch Auction: NINE organized by Phillips featured an exclusive selection of 321 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including expenses: 18 856 872 $ USD, selling 95% of the lots presented.
Lot 845 : Patek Philippe ref. 5002G-010, probably unique white gold double-dialed astronomical wristwatch with special dial with red Roman hour markers, cathedral minute repeater, tourbillon regulator, perpetual calendar with retrograde date hand, leap year cycle, moon age, sky chart, sidereal time, meridian passage of Sirius, moonphases and moon orbit, sold for 2 329 861 $ USD.
Lot 956 : Patek Philippe ref. 5208P-001, platinum minute repeating single-button chronograph wristwatch with instantaneous perpetual calendar, moon phases, leap year indication, sold for 743 245 $ USD.
Lot 827 : Urwerk ref. UR CC1, montre bracelet surdimensionnée de forme rectangulaire en or blanc et titane, avec heures sautantes linéaires, minutes rétrogrades linéaires et secondes numériques et linéaires, édition limitée à 25 pièces, or 715% variation between the low estimate and the final result (208 596 $ USD).
Lot 1002 : Gerald Genta ref. G40114, platinum and diamond-set skeletonized perpetual calendar minute repeating wristwatch with leap year indication, moon phases and bracelet, or 582% variation between the low estimate and the final result (240 688 $ USD).
Lot 861 : Roger Dubuis ref. EX220.127.116.11.7AR, limited edition pink gold split-second chronograph wristwatch with guarantee and presentation box, number 1 of a limited edition of 28 pieces, or 515% variation between the low estimate and the final result (18 453 $ USD).
BREAKDOWN BY BRANDS
On the top step of the podium, with a watch having exceeded $2 million $ USD, average per lot 127 689 $ USD. A result based on the highest bid of the sale with lot 845.
On the second step of the podium, with a watch above 500 000 $ USD, average per lot 48 924 $ USD.
On the third step of the podium, with four watches having passed the 100 000 $ USD mark, average per lot 57 271 $ USD.
These three brands represent a total revenue of 14 803 123 $ USD, or nearly 80% of total sales.
AVERAGE PRICE PER LOT
Taking into account the number of lots, 321 in total, including 16 unsold lots, the average price of a lot was 61 826 $ 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.