The “Important Watches II” auction, organized by Sotheby’s in Hong Kong on October 17, 2023, featured an exclusive selection of 245 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $2,521,543 USD, representing 80% of the lots presented.
BEST RESULTS
Lot 8798: PATEK PHILIPPE, Nautilus, Reference 5711, Steel wristwatch, circa 2015. Sold for $97,384 USD.
Lot 8711: PATEK PHILIPPE, Aquanaut Luce, Reference 5067, Steel and diamond bracelet watch with matching ring, circa 2010. Sold for $51,938 USD.
BEST PERFORMANCES
Lot 8875: AUDEMARS PIGUET, Royal Oak, Gilt brass clock, circa 2000. 344% variation between low estimate and final result ($5,680 USD).
Lot 8822: PATEK PHILIPPE, Wooden presentation case. 230% variation between low estimate and final result ($4,219 USD).
Lot 8893: CHOPARD, Happy Sport, Reference 1269, Chronograph bracelet in white gold and diamonds, mother-of-pearl dial, circa 2010. 372% variation between low estimate and final result ($24,116 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of best sales prices. PATEK PHILIPPE achieved the highest sales figure of $780,487 USD.
ROLEX
Occupying second place in the ranking of best sale prices. ROLEX realized $315,198 USD.
AUDEMARS PIGUET
With a watch that fetched $38,953 USD, AUDEMARS PIGUET was the third best-performing brand in the sale, with a result of $219,275 USD.
These three brands represented total proceeds of $1,314,960 USD, or 52% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 245 in all, including 48 unsold lots, the average price per lot was $12,800 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Audemars Piguet.
GEOFFROY ADER
