The auction «Important Watches : Part I», organized by Sotheby’s in Geneva on May 10, 2022, presented an exclusive selection of 143 pieces from the best watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $19,096,704 USD, representing 84% of the lots presented.
BEST RESULTS
Lot 72 : Audemars Piguet Royal Oak “Jumbo” by Genta, Ref. 5402 5402 Stainless steel and yellow gold wristwatch, probably unique and historically important, with date and bracelet Circa 1978. Sold for $2,116,060 USD.
Lot 143 : Patek Philippe Ref. 5207P Platinum tourbillon minute repeater and perpetual calendar wristwatch with moon phases, leap year and day/night indication Circa 2013. Sold for $822,522 USD.
BEST PERFORMANCES
Lot 32 : Rolex 2010 FIFA World Cup – Netherlands Edition’ Daytona, Ref. 116509H Limited edition white gold chronograph wristwatch with bracelet Circa 2010. 635% variation between the low estimate and the final result ($442,896 USD).
Lot 72 : Audemars Piguet Royal Oak “Jumbo” by Genta, Ref. 5402 5402 Stainless steel and yellow gold wristwatch, probably unique and historically important, with date and bracelet Circa 1978. 602% variation between the low estimate and the final result ($2,116,060 USD).
Lot 17 : Rolex Oyster Royal, Ref. 6444. Stainless steel wristwatch with oriental Arabic numerals. Circa 1958. 530% variation between the low estimate and the final result ($126 541 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE realized the highest figure of the sale, $7,506,460 USD
AUDEMARS PIGUET
Occupying the second place of the best price ranking of the sale. AUDEMARS PIGUET realized $7,133,442 USD
ROLEX
Occupying the third place of the best prices of the sale. ROLEX realized $2,185,377 USD
These three brands accounted for total proceeds of $16,825,279 USD, or 88% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 143 in total, including 23 unsold lots, the average price per lot was $159,139 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Audemars Piguet and Rolex.
