The “Important Watches II” auction, organized by Sotheby’s in Hong Kong on October 10, 2022, featured an exclusive selection of 304 pieces from the best watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $2,406,254 USD, representing 79% of the lots presented.
BEST RESULTS
Lot 8601 : BREGUET, Crazy Flower Reine de Naples, white gold and baguette diamond ladies’ wristwatch. Sold for $152,498 USD.
Lot 8602 : WALTHAM, Lady Radiant, platinum and diamond ladies’ wristwatch. Sold for $128,419 USD.
BEST PERFORMANCES
Lot 8602 : WALTHAM, Lady Radiant, platinum and diamond ladies’ wristwatch. Sold for $128,419 USD.
Lot 8784 : PATEK PHILIPPE A wooden storage box. 593% variation between the low estimate and the final result ($8,8784 USD).
Lot 8615 : CHOPARD Ice Cube, rose gold, ruby and diamond ladies’ wristwatch. 498% variation between the low estimate and the final result ($30,499 USD)
BREAKDOWN BY BRAND
ROLEX
Occupying the top spot in the sale’s price ranking. ROLEX realized the highest figure of the sale, $332,606 USD.
PIAGET
Occupying the second place in the ranking of the best prices of the sale. PIAGET realized the figure of $301,544 USD
PATEK PHILIPPE
Occupying the second place in the ranking of the best prices of the sale. PIAGET realized the figure of $301,544 USD
These three brands accounted for total proceeds of $911,616 USD, or 38% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 304 in total, including 65 unsold lots, the average price per lot was $10,068.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Rolex, Piaget, Patek Philippe.
GEOFFROY ADER
