The Watches Online Auction: The Hong Kong Sessions, Spring 2023, organized by Phillips in Hong Kong on April 4, 2023, featured an exclusive selection of 107 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $2,841,739 USD, representing 100% of the lots presented.
BEST RESULTS
Lot 8001 : F.P. JOURNE, Chronomètre à Résonance. Bracelet watch in platinum (950) with double escapement. Sold for $225,517 USD.
Lot 8017 : PATEK PHILIPPE, ref. 5270G-001. White gold (750) wristwatch with chronograph, perpetual calendar, leap-year and moon-phase indications. Sold for $129,438 USD.
BEST PERFORMANCES
Lot 8107 : DE BEERS. Brass and gold-plated hourglass. 492% variation between low estimate and final result ($11,325 USD).
Lot 8054 : VACHERON CONSTANTIN, ref. 46003/411. Steel wristwatch. 480% variation between low estimate and final result ($8,054 USD).
Lot 8079 : ROLEX Oyster Perpetual 31, ref. 277200. Steel wristwatch. 302% variation between low estimate and final result ($5,370 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the sale’s top price ranking. PATEK PHILIPPE achieved the sale’s top figure of $747,507 USD.
ROLEX
Occupying second place in the ranking of best sale prices. ROLEX realized $497,691 USD.
F.P JOURNE
With a watch that fetched $226,517 USD, F.P. JOURNE was the third best performing brand in the sale, with a result of $331,686 USD.
These three brands represented total proceeds of $1,576,884 USD, or 55% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 107 in all, including 0 unsold lots, the average price per lot was $26,558 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex, F.P. Journe.
