The “Important watches” auction, organized by Sotheby’s in Hong Kong, featured an exclusive selection of 297 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including expenses : 18 820 007 $ USD, selling 78% of the lots presented.
BEST RESULTS
Lot 2154 : Cosmograph Daytona, Reference 16516. A historically important and possibly unique platinum chronograph wristwatch with turquoise hardstone lacquer dial, Circa 1998
Lot 2186 : Reference 823/003. A unique, highly important and exceptional yellow gold hunting case watch with double sided enamel miniature, painted by Madame Marthe Bischoff after a painting by Carle Vernet.
BEST PERFORMANCES
Lot 2217 : A wooden presentation box for five watches, Circa 2015. 1160% variation between the low estimate and the final result (32,468 $ USD).
Lot 2154 : Cosmograph Daytona, Reference 16516. 509 % variation between the low estimate and the final result (3,140,461 $ USD).
Lot 2222 :Prestige HM. A limited edition platinum wristwatch, Circa 2007. 373 % variation between the low estimate and the final result (48,701 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
Achieving the best result of the sale by selling a watch for 3,140,461 $ USD. Average per lot 86,561 $ USD.
Rolex
Occupying the second to fourth places, with three watches exceeding 583,771 $ USD. Average per lot 112,012 $ USD.
F.P Journe
In tenth place of the ranking, with a watch that passed the 284,091 $ USD mark, average per lot 141,234 $ USD.
These three brands represent a total product of 13,781,209 $ USD, more than 73% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 297 in total, including 66 unsold lots, the average price of a lot was 81,472 $ USD.
CONCLUSION
This sale demonstrated once again the dynamism of the market in the auction, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex and F.P Journe.
