The Hong Kong Watch Auction “Important Watches” organized by Sotheby’s featured an exclusive selection of 187 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sales including fees: 10,637,027 $ USD, selling 82% of the lots presented.
BEST RESULTS
Lot 2100 : Patek Philippe reference 1436, a highly exceptional and possibly unique yellow gold split seconds chronograph wristwatch, made in 1960 and sold for 678,311 $ USD
Lot 2152 : Philippe Dufour reference “Simplicity, Number 100”, a platinum wristwatch, sold for 662,698 $ USD.
BEST PERFORMANCES
Lot 2152 : Philippe Dufour, 221% variation between the low estimate and the final result (662,698 $ USD). Platinium Wristwatch.
Lot 2093 : Patek Philippe, 202% variation between the low estimate and the final result (19,509 $ USD). Stainless steel wristwatch. Reference 3574, made in 1971.
Lot 2120 : Rolex, 199% variation between the low estimate and the final result (154,449 $ USD). Attractive and rare stainless steel automatic chronograph wristwatch. Beta 21, reference 5100. A white gold and diamond-set wristwatch.
BREAKDOWN BY BRANDS
Patek philippe
Occupying the first, third and fourth places of the best results ranking, with the highest price, 678,311 $ USD, lot average 110,155 $ USD.
Rolex
In sixth place with a watch that broke the 276,382 $ USD mark, lot average 50,479 $ USD
Philippe Dufour
In second place, with a watch (lot 1252) at 662,698 $ USD, average per lot 558,958 $ USD.
These three brands represent total proceeds of 7,795,673 $ USD or over 73% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 187 in total, including 34 unsold lots, the average price of a lot was 69 524 $ USD.
CONCLUSION
This sale demonstrated once again the dynamism of the market in the auctions, we can note the presence in the top trio of the following brands : Patek Philippe, Rolex and Philippe Dufour.
GEOFFROY ADER
