The Watches auction organized by Sotheby’s included an exclusive selection of 137 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 3 184 447 $ USD, selling more than 95% of the lots presented.
Lot 138 : Patek Philippe ref. 3970J, yellow gold perpetual calendar chronograph wristwatch with moon phases, 24-hour and leap-year indication, sold for 186 300 $ USD.
Lot 61 : Rolex ref. 5513, Submariner model, stainless steel wristwatch with bracelet, explorer dial, sold for 186 300 $ USD.
Lot 36 : George Jamison, Londron, gold pocket chronometer with thermometer, or 490% variation between the low estimate and the final result (13 196 $ USD).
Lot 27 : Marcinhes, Paris, gold double-dialled watch with mock pendulum, or 457% variation between the low estimate and the final result (12 420 $ USD).
Lot 26 : Klett A Sühl, vari-colour gold and steel verge watch with chinoiserie case, or 386% variation between the low estimate and the final result (10 868 $ USD).
BREAKDOWN BY BRANDS
On the first step of the podium, with a watch worth more than 180 000 $ USD, average per lot 40 624 $ USD. A result based on one of the two highest auctions of the sale with lot 61.
On the second step of the podium, with a watch at over 180 000 $ USD, average per lot 43 018 $ USD. A result based on one of the two highest auctions of the sale with lot 138.
A. Lange & Sohne
On the third step of the podium, with a watch having exceeded 75 000 $ USD, average per lot 38 409 $ USD.
These three brands represent a total revenue of 2 357 169 $ USD, or nearly 75% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 137 in total, including 5 unsold lots, the average price of a lot was 24 125 $ USD.
The market has demonstrated once again its strength on the auction block, we have noticed the presence of the three leading watch brands : Rolex, Patek Philippe and A. Lange & Sohne.