The Important Watches auction organized by Sotheby’s featured an exclusive selection of 391 pieces from the best watch brands chosen for their condition, rarity and quality. Total sale including expenses: 15 994 784 $ USD, selling nearly 80% of the lots presented.

BEST RESULTS

Lot 2328 : Patek Philippe ref. 5020, possibly unique platinum perpetual calendar chronograph wristwatch with moon phases, leap year indication, special luminous monogram blue dial and platinum bracelet, sold for 709 865 $ USD.

Lot 2300 : Rolex ref. 16528, Cosmograph Daytona model, possibly unique 18k yellow gold chronograph wristwatch with red dial, suspended logo and bracelet, sold for 541 153 $ USD.

BEST PERFORMANCES

Lot 2117 : Chanel ref. J11129, Ruban model, 18k white gold and diamond-set wristwatch with mother-of-pearl dial, or 400% variation between the low estimate and the final result (19 100 $ USD).

Lot 2077 : Audemars Piguet ref. 25960BC, Royal Oak model, 18k white gold automatic chronograph wristwatch with date and salmon dial, or 275% variation between the low estimate and the final result (57 299 $ USD).

Lot 2190 : Patek Philippe ref. 5980, Nautilus model, 18k pink gold chronograph wristwatch with date, or 213% variation between the low estimate and the final result (95 498 $ USD).

Lot 2172 : Patek Philippe ref. 3700, Nautilus model, stainless steel automatic wristwatch with date and bracelet, or 213% variation between the low estimate and the final result (63 665 $ USD).

market data review aderwatches

market data review aderwatches

BREAKDOWN BY BRANDS

Patek Philippe
On the first step of the podium, with a watch having exceeded 700 000 $ USD, average per lot 67 698 $ USD. A result based on the highest bid of the sale with lot 2328.

Rolex
On the second step of the podium, with a watch above 500 000 $ USD, average per lot 55 820 $ USD. A result based on the second highest bid of the sale with lot 2300.

Richard Mille
On the third step of the podium, with a watch passing the 300 000 $ USD mark, average per lot 184 364 $ USD.

These three brands represent total proceeds of 11 961 577 $ USD, or nearly 75% of total sales.

market data review aderwatches
market data review aderwatches

AVERAGE PRICE PER LOT

Considering the number of lots, 391 in total, including 86 unsold lots, the average price of one lot was 52 442 $ 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 Richard Mille.

GEOFFROY ADER

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market data review aderwatches