The “Important Watches II” auction organized by Sotheby’s in Hong Kong on October 09, 2024, featured an exclusive selection of 256 timepieces from the finest watch brands, chosen for their condition, rarity and quality.

BEST RESULTS

Lot 8679: Rolex – Stainless steel chronograph wristwatch with bracelet, sold by Tiffany & Co. circa 1975. Sold for $115517 USD

Lot 8758: Cartier – White gold, diamond, sapphire, black enamel and tsavorite limited edition wristwatch, Circa 2021. Sold for $107816 USD

Lot 8664: Patek Philippe – White and pink gold wristwatch with date, moon phases and power reserve indication, made for the Hong Kong market, circa 2010. Sold for $92413 USD

BEST PERFORMANCES

Lot 8873: RIMOWA | Richard Mille Circa 2022 – An aluminum watch box 425% variation between the base estimate and the final result ($5,391 USD)

Lot 8636: Gérald Genta Circa 1990 – A yellow gold perpetual calendar skeleton wristwatch with moon phases, leap year indication and mother-of-pearl sub-dial, Circa 1990. 380% variation between the base estimate and the final result ($30,804 USD)

Lot 8750: Franck Muller Circa 2019 – A white gold wristwatch with jumping hour hand, Circa 2019. 350% variation between the base estimate and the final result ($18 483 USD)

BREAKDOWN BY BRAND

Patek Philippe

Occupying first place in the ranking of the auction’s best prices, Patek Philippe achieved the auction’s best figure, USD 722,211.

Rolex

Occupying second place among the auction’s top sellers, Rolex achieved a figure of $445,741 USD.

Audemars Piguet

With a watch that fetched $61,609 USD, Audemars Piguet was the third best performing brand in the sale, achieving $294,953 USD.

These three brands accounted for total proceeds of USD 1,462,905, or 41% of the total sale.

AVERAGE PRICE PER LOT

Given the number of lots, 256 in all, including 2 unsold lots, the average price per lot was $13,921 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.

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