The Important Watches auction organized by Sotheby’s featured an exclusive selection of 289 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale fees included : 8 470 626 $ USD, selling more than 70% of the lots presented.
BEST RESULTS
Lot 446 : Rolex ref. 6239, “Paul Newman” Daytona model, 18k yellow gold chronograph wristwatch with bracelet, sold for 515 492 $ USD.
Lot 490 : Patek Philippe ref. 5016R-011, pink gold minute repeating perpetual calendar tourbillon wristwatch with retrograde date, moon phases and leap-year indication, sold for 503 410 $ USD.
BEST PERFORMANCES
Lot 458 : Patek Philippe ref. 2577, 18k pink gold wristwatch with white enamel dial, or 363% variation between the low estimate and the final result (93 131 $ USD).
Lot 226 : Rolex ref. 118238, Day-Date model, 18k yellow gold wristwatch with day, date and bracelet, or 257% variation between the low estimate and the final result (25 171 $ USD).
Lot 455 : Eska, 18k pink gold wristwatch with cloisonne enamel dial depicting the allegorical figures for day and night, or 220% variation between the low estimate and the final result (25 800 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch having exceeded 500 000 $ USD, average per lot 57 076 $ USD. A result based on the second highest bid of the sale with lot 490.
Rolex
On the second step of the podium, with a watch above 500 000 $ USD, average per lot 45 812 $ USD. A result based on the highest bid of the sale with lot 446.
Audemars Piguet
On the third step of the podium, with a watch passing the 60 000 $ USD mark, average per lot 32 182 $ USD.
These three brands represent total proceeds of 7 290 758 $ USD, or more than 85% of total sales.
AVERAGE PRICE PER LOT
Considering the number of lots, 289 in total, including 79 unsold lots, the average price of one lot was 40 336 $ USD.
CONCLUSION
This sale demonstrated once again the dynamism of the market in the auctions, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex, and Audemars Piguet.
