The Watches auction organized by Sotheby’s included an exclusive selection of 140 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 3 022 750 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 102 : Patek Philippe ref. 6241, Daytona model, stainless steel chronograph wristwatch, sold for 275 000 $ USD.
Lot 84 : Audemars Piguet, platinum and diamond-set bracelet watch, sold for 168 750 $ USD.
BEST PERFORMANCES
Lot 59 : Patek Philippe ref. 5980, Nautilus model, montre chronographe flyback en acier inoxydable avec date, or 208% variation between the low estimate and the final result (92 500 $ USD).
Lot 21 : Patek Philippe ref. 3700/11, Nautilus model, yellow gold and stainless steel wristwatch with date and bracelet, or 183% variation between the low estimate and the final result (42 500 $ USD).
Lot 2 : Patek Philippe, pair of white gold cufflinks, or 175% variation between the low estimate and the final result (2 750 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having exceeded 90 000 $ USD, average per lot 25 207 $ USD.
Rolex
On the second step of the podium, with a watch above 250 000 $ USD, average per lot 39 319 $ USD. A result based on the highest bid of the sale with lot 102.
Audemars Piguet
On the third step of the podium, with a watch having surpassed the 150 000 $ USD mark, average per lot 42 688 $ USD.
These three brands represent a total revenue of 2 019 875 $ USD, or more than 65% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 177 in total, including 54 unsold lots, the average price of a lot was 66 040 $ USD.
CONCLUSION
Once again, Sotheby’s positioned the brand Patek Philippe on the highest step of the podium with these latest result from this auction session in Dubai. Even if Rolex gets the highest amount of the sale with a Daytona “Paul Newman” ref. 6241, we note the very good performance of the Nautilus family, the flagship model today at Patek Philippe. For the second time in a row, results are unlike its rival Christie’s who places Rolex in the lead for every auctions.
