The “Important Watches: Part I” auction, organized by Sotheby’s in Geneva on May 14, 2023, featured an exclusive selection of 119 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $10,612,462 USD, representing 71% of the lots presented.
BEST RESULTS
Lot 119 : ROLEX, Daytona ref. 6241 “John Player Special”. 18k (750) yellow gold wrist chronograph. Sold for $2,491,118 USD.
Lot 97 :F.P. JOURNE, Ruthenium Chronomètre à Résonance “N° 1”. Bracelet watch in platinum (950), limited to 99 pieces. Sold for $593,728 USD.
BEST PERFORMANCES
Lot 119 : ROLEX, Daytona ref. 6241 “John Player Special”. Bracelet chronograph in 18k (750) yellow gold. 273% variation between low estimate and final result ($2,491,118 USD).
Lot 73 : PATEK PHILIPPE, Ref. 2434. Asymmetrical bracelet watch in 18k (750) yellow gold. 190% variation between the low estimate and the final result ($113,090 USD).
Lot 97 : F.P. JOURNE, Ruthenium Chronomètre à Résonance “N° 1”. Bracelet watch in platinum (950), limited to 99 pieces. 167% variation between the low estimate and the final result ($593,728 USD).
BREAKDOWN BY BRAND
ROLEX
Occupying first place in the sale’s top price ranking. ROLEX achieved the sale’s top figure of $5,362,215 USD.
PATEK PHILIPPE
Occupying second place in the ranking of best sale prices. PATEK PHILIPPE realized $1,854,692 USD.
F.P. JOURNE
With a watch that fetched $593,728 USD, F.P. JOURNE was the third best-performing brand in the sale, with a result of $1,540,864 USD.
These three brands represented total proceeds of $8,757,771 USD, or 83% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 119 in all, including 35 unsold lots, the average price per lot was $126,339 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Rolex, Patek Philippe and F.P. Journe.
GEOFFROY ADER
