The “Important Watches: Part I” auction organized by SOTHEBY’S in Geneva on May 12, 2024, featured an exclusive selection of 97 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $12,112,198 USD, representing 81% of the lots presented.
BEST RESULTS
Lot 35: Richard Mille – Prototype carbon skeletonized tourbillon wristwatch. Sold for $1,401,064 USD
Lot 97: PATEK PHILIPPE – Perpetual calendar chronograph wristwatch in yellow gold with moon phases. Sold for $1,260,958 USD
Lot 66: F.P. Journe – A set of three platinum wristwatches. Sold for $840,638 USD
BEST PERFORMANCES
Lot 48: Franck Muller Circa 1992 – A unique pre-brand perpetual calendar and minute repeater wristwatch with moon phases. 357% variation between the base estimate and the final result ($252,192 USD).
Lot 23: Audemars Piguet Circa 1986 – Yellow gold cushion-shaped tourbillon wristwatch. 323% variation between the base estimate and the final result ($70,053 USD)
Lot 24: Audemars Piguet Circa 1983 – Perpetual calendar wristwatch in platinum with moon phases and Tuscan blue dial. 281% variation between the base estimate and the final result ($84,064 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupant la première place du classement des meilleurs prix de la vente, PATEK PHILIPPE a réalisé le meilleur chiffre de la vente soit 3 710 017$ USD
RICHARD MILLE
Occupying second place in the auction’s top-price ranking, Richard Mille achieved a figure of $2,451,862 USD.
F.P. JOURNE
With a watch that fetched $840,638 USD, F.P. Journe was the third best-performing brand in the sale, with a result of $1,513,149 USD.
These three brands accounted for total proceeds of $767,5029 USD, or 63% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 97 in all, including 18 unsold lots, the average price per lot was $153,319 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three of the following brands: PATEK PHILIPPE, RICHARD MILLE and F.P. JOURNE.
GEOFFROY ADER
