The New York Watch Auction: NINE, organized by Phillips in New York on December 9, 2023, featured an exclusive selection of 156 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $25,952,374 USD, or 99% of lots presented.
BEST RESULTS
Lot 89 : PATEK PHILIPPE, Ref. 1518. Rose gold bracelet chronograph with perpetual calendar and moon phases, circa 1950. Sold for $1,814,500 USD.
Lot 30 : ROLEX, Ref. 6264 “Paul Newman Lemon”. Yellow gold bracelet chronograph, caseback stamped 6241, circa 1970. Sold for $965,200 USD.
MEILLEURES PERFORMANCES
Lot 46 : AUDEMARS PIGUET, Ref. 35677BA.OO.0000XX.99. Skeleton watch mounted inside a $20 yellow gold coin, circa 1991. 738% variation between low estimate and final result ($41,910 USD).
Lot 14A : GEORGE DANIELS. Leather-bound autobiography with hand-decorated watch element, Limited Edition of 27, no. 16, circa 2006. 509% variation between low estimate and final result ($6,096 USD).
Lot 92 : ROLEX, Ref. 1490, yellow gold bracelet watch with black dial, circa 1933. 492% variation between low estimate and final result ($17,780 USD).
BREAKDOWN BY BRANDS
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE achieved the sale’s top figure of $10,892,460 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $4,203,700 USD.
F.P. JOURNE
With a watch that fetched $800,100 USD, F.P. JOURNE was the third best-performing brand in the sale, with a result of $3,910,330 USD.
These three brands accounted for total proceeds of $19,006,460 USD, or 73% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 156 in all, including 1 unsold lot, the average price per lot was $166,361 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.
Geoffroy Ader
