The Watches auction organized by Sotheby’s included an exclusive selection of 100 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 2 897 774 $ USD, selling 95% of the lots presented.

BEST RESULTS

Lot 77 : Rolex, ref. 6538, Big Crown Submariner model, a stainless steel centre seconds wristwatch with tropical dial, sold for 359 872 $ USD.

Lot 99 : George Daniels, a yellow gold automatic centre seconds wristwatch with date and its slim co-axial escapement, sold for 262 680 $ USD.

BEST PERFORMANCES

Lot 61 : Piaget, a yellow gold oval form pendant watch with tiger’s eye dial, case 265523, or 775% variation between the low estimate and the final result (45 969 $ USD).

Lot 97 : a white gold, platinum and diamond-set bracelet watch, n°13075, or 567% of variation between the low estimate and the final result (52 536 $ USD).

Lot 96 : Cartier, a white gold and diamond-set bracelet watch, n°43523, or 447% variation between the low estimate and the final result (57 461 $ USD).

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market-data-review-sothebys-montres-aderwatches

BREAKDOWN BY BRANDS

Rolex
On the first step of the podium, with a watch having exceeded the 300 000 $ USD mark, average per lot $47,595 USD. A result based on the highest bid of the sale with lot 77.

Patek Philippe
On the second step of the podium, with three watches above 50 000 $ USD, average per lot 25 338 $ USD.

George Daniels
On the third step of the podium, with a watch having exceeded the 200 000 $ USD mark, average per lot 135 034 $ USD. A result based on the second highest bid of the sale with lot 99.

These three brands represent a total revenue of 1 725 645 $ USD, or nearly 60% of the total sale.

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market-data-review-sothebys-montres-aderwatches

AVERAGE PRICE PER LOT

Considering the number of lots, 100 in total, including 5 unsold lots, the average price of a lot was 30 503 $ USD.

CONCLUSION

This sale at Sotheby’s in London confirms once again that Piaget is the subject of much attention from collectors, estimates were sprayed by a vintage necklace with tiger eye dial, which further demonstrates that this feminine brand par excellence is to be followed in watch auctions to come.

GEOFFROY ADER

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