The “Fine Watches” auction, organized by Sotheby’s in Paris on March 20, 2023, featured an exclusive selection of 149 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,043,320 USD, representing 94% of the lots presented.
BEST RESULTS
Lot 605 : PATEK PHILIPPE, Nautilus “green” ref. 5711/1A-014. Steel wristwatch. Sold for $258,601 USD.
Lot 629 : LANGE & SÖHNE, Lange 31, unique piece, ref. 831.042 F. Bracelet watch in 18k (750) yellow gold and diamonds. Sold for $190,548 USD.
BEST PERFORMANCES
Lot 746 : PATEK PHILIPPE, set of 5 screwdrivers. 1,551% variation between low estimate and final result ($8,846 USD).
Lot 747 : PATEK PHILIPPE, rotary case with overbox. 931% variation between the low estimate and the final result ($8,846 USD).
Lot 602 : PATEK PHILIPPE, 18k (750) yellow gold wristwatch, from the descendants of Adrien Philippe, circa 1875. 773% change between the low estimate and the final result ($74,858 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 $507,014 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $31,717 USD.
AUDEMARS PIGUET
With a watch that fetched $258,601 USD, AUDEMARS PIGUET was the third best-performing brand in the sale, with a result of $347,342 USD.
These three brands represented total proceeds of $1,869,414 USD, or 61% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 149 in all, including 9 unsold lots, the average price per lot was $20,425 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 Audemars Piguet.
GEOFFROY ADER
