The Important Watches auction organized by Sotheby’s featured an exclusive selection of 234 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs : 12 098 006 $ USD, selling 80% of the lots presented.
Lot 220 : Patek Philippe ref. 2499, yellow gold perpetual calendar chronograph wristwatch with moon phases, made in 1952, sold for 3 879 765 $ USD.
Lot 216 : Rolex ref. 6239, « Pulsometer » Daytona, stainless steel chronograph wristwatch with pulsation, sold for 823 521 $ USD.
Lot 129 : Piaget ref. 9343, white gold and diamond-set bracelet watch with lapis lazuli, a 400% variation between the low estimate and the final result (14 865 $ USD).
Lot 179 : Omega ref. 145.022-68, stainless steel chronograph wristwatch with bracelet, circa 1969, 317% variation between the low estimate and the final result (12 388 $ USD).
Lot 125 : Piaget, white gold and diamond-set bracelet watch with opal dial, representing a 296% variation between the low estimate and the final result (11 768 $ USD).
BREAKDOWN BY BRANDS
On the first step of the podium, with one having surpassed the 3 million $ USD mark, average per lot 123 052 $ USD. A result based on the highest bid of the sale with lot 220.
On the second step of the podium, with a watch above 800 000 $ USD, average per lot 63 749 $ USD.
On the third step of the podium, with four watches exceeding 50 000 $ USD, average per lot 27 273 $ USD.
These three brands represent a total revenue of 10 928 998 $ USD, or 90% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 251 in total, including 47 unsold lots, the average price of a lot was 59 891 $USD.
The best sale of the season with the highest bid for a timepieces this season in Geneva. Sotheby’s has really shown this time some very strong results and is shortening the gap with its rival Christie’s. Interestingly enough we see again some strong results on Piaget that have been noticed very recently at Artcurial’s thematic auctions in Monaco.