The Masterworks of Time: George Daniels, Visionary auction organized by Sotheby’s featured an exclusive selection of 142 pieces from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: $7,855,740 USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 143 : George Daniels, yellow gold watch with Daniels double-wheel escapement, mean-solar and sidereal time, annual calendar, age and phase of moon and equation of time indications 1982 Space Traveller I, sold for 4 561 407 $ USD.
Lot 67 : George Margetts, London, gold and enamel pair cased cylinder watch with tidal dial, annual calendar and astronomical indications, sold for 776 007 $ USD.
BEST PERFORMANCES
Lot 99 : Unsigned, ivory open-faced watch with ivory link chain in the style of Bronikoff, probably russian late 19th century, or 608% variation between the low estimate and the final result (13 407 $ USD).
Lot 143 : George Daniels, yellow gold watch with Daniels double-wheel escapement, mean-solar and sidereal time, annual calendar, age and phase of moon and equation of time indications 1982 Space Traveller I, or 417% variation between the low estimate and the final result (4 561 407 $ USD).
Lot 5 : German, gilt brass combined powder-flask and watch in form of an antler with detailed decorations, or 380% variation between the low estimate and the final result (78 863 $ USD).
BREAKDOWN BY BRANDS
George Daniels
On the first step of the podium, with a watch worth more than 4 450 000 $ USD, average per lot 4 561 407 $ USD, single lot. A result based on the highest bid of the sale with lot 143.
George Margetts
On the second step of the podium, with a watch above 750 000 $ USD, average per lot 395 101 $ USD.
German
On the third step of the podium, with a watch having exceeded 100 000 $ USD, average per lot 24 197 $ USD.
These three brands represent a total revenue of 5 762 958 $ USD, or more than 70% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 142 in total, including 22 unsold lots, the average price of a lot was 66 015 $ USD.
CONCLUSION
The market has demonstrated once again its strength on the auction block, we have noticed the presence of the three leading watch brands : George Daniels, George Margetts and German.
