The New York Watch Auction: X, organized by Phillips in New York on June 09, 2024, featured an exclusive selection of 149 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $23,362,655 USD, representing 100% of the lots presented.
BEST RESULTS
Lot 87: Philippe Dufour – A white gold wristwatch with double escapement, additional lacquered dial and set hands, certificate of origin and fitted presentation box. Sold for $2,056,500 USD
Lot 100: Cartier – Rock crystal, jade, diamond, onyx, coral, pearl and enamel mystery clock. Sold for $1,047,750 USD
Lot 22: Rolex – “Paul Newman John Player Special” yellow gold chronograph wristwatch, Rolex warranty and box. Sold for $952,500 USD
BEST PERFORMANCES
Lot 1: Patek Philippe. Gilt brass world time wall clock with ephemera documents by Patek Philippe. 1170% variation between base estimate and final result ($38100 USD)
Lot 4: Cartier Vers 2023 – An asymmetrical yellow gold wristwatch. 704% variation between the base estimate and the final result ($24,300 USD).
Lot 89: Urban Jürgensen Circa 2011 – A unique, important and avant-garde platinum prototype wristwatch with detent escapement, power reserve and black dial. 662% variation between the base estimate and the final result ($152,400 USD).
BREAKDOWN BY BRAND
Patek Philippe
Occupying first place in the sale’s best price ranking, Patek Philippe achieved the sale’s best figure of $4996815 USD.
Rolex
Occupying second place in the auction’s best-price ranking, Rolex achieved a figure of $4937125 USD.
F.P. Journe
With a watch that fetched $482600 USD, F.P. Journe was the third best-performing brand in the sale, with a result of $3028950 USD.
These three brands accounted for total proceeds of 12962890 USD, or 55% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 149 in all, including 0 unsold lots, the average price per lot was $156796 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
