The “Important Watches I” auction, organized by Sotheby’s in Hong Kong on April 7, 2024, featured an exclusive selection of 239 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $16,124,971 USD, or 87% of lots presented.
BEST RESULTS
Lot 2226 : PATEK PHILIPPE, Reference 2499, 2nd series, yellow gold wrist chronograph with perpetual calendar and moon phases, circa 1960. Sold for $1,037,946 USD.
Lot 2224 : PATEK PHILIPPE, Reference 2526, First automatic watch made by Patek Philippe, yellow gold wristwatch with enamel dial, produced in 1952 and sold in June 1953 to J.B. Champion. Sold for $729,806 USD.
MEILLEURES PERFORMANCES
Lot 2134 : CARTIER, Paris “Cloche”, Pièce unique n°1/1, platinum wristwatch produced especially for the auction “The Magical Art of Cartier”, circa 1996. 725% variation between the low estimate and the final result ($210,832 USD).
Lot 2133 : CARTIER, Santos Dumont, Reference 1575, platinum wristwatch, limited edition to celebrate Santos Dumont, circa 1997. 408% variation between low estimate and final result ($25,948 USD).
Lot 2132 : CARTIER, Tank, Reference 1601, Limited Edition, No. 1, extra-flat platinum wristwatch with salmon dial, produced to celebrate Louis-François Cartier, circa 1997. 376% variation between low estimate and final result ($24,326 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
PATEK PHILIPPE was the highest-priced brand in the sale, with the highest sales figure of $1377446 USD.
ROLEX
Occupying second place in the auction’s best-price ranking, Rolex achieved a figure of $1131997 USD.
AUDEMARS PIGUET
With a watch that fetched $82227 USD, Audemars Piguet was the third best-performing brand in the sale, with a result of with a result of $425801 USD.
These three brands represented total proceeds of $2935245 USD, or 68% of total sales.
AVERAGE PRICE PER LOT
Given the number of lots, 174 in all, including 0 unsold lots, the average price per lot was $24943 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
