The “Important Watches Part I” auction, organized by Sotheby’s in Hong Kong on April 5, 2023, featured an exclusive selection of 209 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $14,311,332 USD, representing 78% of the lots presented.
MEILLEURS RÉSULTATS
Lot 2177 : PHILIPPE DUFOUR, Simplicity, Number 14. Bracelet watch in 18k (750) rose gold. Sold for $811,530 USD.
Lot 2304 : PATEK PHILIPPE, ref. 5016. Bracelet watch in platinum (950) with perpetual calendar and tourbillon regulator. Sold for $632,993 USD.
MEILLEURES PERFORMANCES
Lot 2144 : FVF, Tourbillon Superligero. Titanium tourbillon bracelet watch. 640% variation between low estimate and final result ($227,228 USD).
Lot 2143 : CARTIER, Tank Cintrée Limited Edition “CPCP”. Bracelet watch in 18k (750) white gold. 302% variation between the low estimate and the final result ($61,676 USD).
Lot 2142 : CARTIER, Tank à vis Limited Edition “CPCP”. Bracelet watch in 18k (750) white gold. 230% variation between the low estimate and the final result ($21,099 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE achieved the highest figure of the sale, $4,501,557 USD.
AUDEMARS PIGUET
Occupying second place in the sale’s best price ranking. AUDEMARS PIGUET realized $2,113,224 USD.
ROLEX
With a watch that fetched $519,379 USD, ROLEX was the third best-performing brand in the sale, with a result of $2,100,240 USD.
These three brands represented total proceeds of $8,715,021 USD, or 61% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 209 in all, including 46 unsold lots, the average price per lot was $68,475 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Audemars Piguet and Rolex.
GEOFFROY ADER
