The “Important Watches” auction, organized by Sotheby’s in New York on June 9, 2023, featured an exclusive selection of 133 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $16,229,912 USD, representing 93% of the lots presented.
BEST RESULTS
Lot 38 : PATEK PHILIPPE, ref. 1518, 18k (750) rose gold chronograph bracelet. Sold for $3,871,500 USD.
Lot 135 : PATEK PHILIPPE “World Time”, ref. 5531R, 18k (750) pink gold wristwatch with minute repeater and cloisonné enamel dial. Sold for $1,512,000 USD.
BEST PERFORMANCES
Lot 25 : TIFFANY & CO, small gilt brass watch engraved “Paul Newman, Championship Auto Racing Teams, Inc. 1988 PPG Indy Car World Series” . 2980% variation between low estimate and final result ($25,400 USD).
Lot 28 : “Paul Newman’s Rolex 24” Prize received for winning the Daytona Exxon Supreme GTS-1, circa 1995. 1678% variation between low estimate and final result ($35,560 USD).
Lot 33 : PATEK PHILIPPE, Ref. 3424, Asymmetrical bracelet watch in 18k (750) rose gold. 916% variation between low estimate and final result ($213,200 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of best sales prices. PATEK PHILIPPE achieved the highest sales figure of $8,600,172 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $4,241,800 USD.
GREUBEL FORSEY
With a watch that fetched $215,900 USD, GREUBEL FORSEY was the third best-performing brand in the sale, with a result of $787,400 USD.
These three brands accounted for total proceeds of $13,705,572 USD, or 84% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 133 in all, including 8 unsold lots, the average price per lot was $131,451 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 Greubel Forsey.
GEOFFROY ADER
