The Watches auction organized by Sotheby’s included an exclusive selection of 85 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 3 075 713 $ USD, selling nearly 95% of the lots presented.
BEST RESULTS
Lot 85 : Rolex ref. 16595RBOW, Daytona Rainbow model, pink gold diamond and sapphire-set chronograph wristwatch with diamond, sapphire-set dial and case with bracelet, sold for 310 793 $ USD.
Lot 83 : Rolex ref. 6262, Daytona Paul Newman model, stainless steel chronograph wristwatch with bracelet, sold for 261 720 $ USD.
BEST PERFORMANCES
Lot 19 : Piaget ref. 9330 B 43, yellow gold diamond-set cuff watch with lapis lazuli, or 692% variation between the low estimate and the final result (31 079 $ USD).
Lot 28 : Jean Rousseau, silver memento mori skull form watch , or 525% variation between the low estimate and the final result (81 788 $ USD).
Lot 16 : Piaget ref. 7315 A 68, yellow gold, diamond-set bracelet watch with diamond-set onyx dial, or 400% variation between the low estimate and the final result (9 815 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having exceeded the 300 000 $ USD mark, average per lot 53 706 $ USD. A result based on the highest bid of the sale with lot 85.
Patek Philippe
On the second step of the podium, with a watch above 130 000 $ USD, average per lot 41 315 $ USD.
Piaget
On the third step of the podium, with a watch having exceeded $55,000 USD, average per lot 24 760 $ USD.
These three brands represent a total revenue of 2 515 629 $ USD, or more than 80% of the total sale.
AVERAGE PRICE PER LOT
Considering the number of lots, 85 in total, including 5 unsold lots, the average price of a lot was 38 446 $ USD.
CONCLUSION
The London hub for Sotheby’s demonstrates once again its unique positioning on the global map of watch auctions. Unlike other auctions of this season at Sotheby’s, Rolex comes in first position on our dashboard with more than half of the total of the sale. Interestingly enough Piaget comes in third position on the podium which demonstrates also the dynamics behind vintage watches signed by the iconic Swiss brand.
