The “Fine Watches” auction, organized by Sotheby’s in London on February 8, 2023, featured an exclusive selection of 83 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $4,478,235 USD, representing 99% of the lots presented.
BEST RESULTS
Lot 13 : RICHARD MILLE, “Proto1”, Reference RM012 AG Pt. skeleton bracelet watch in platinum (950) with tourbillon regulator. Sold for $774,558 USD.
Lot 10 : RICHARD MILLE, Limited Edition RM011 AO CA FM “Felipe Massa Black Knight”. Carbon bracelet chronograph with in-flight return function and annual calendar. Sold for $419,552 USD.
BEST PERFORMANCES
Lot 83 : PATEK PHILIPPE, a leather travel pouch for two watches. 2,694% variation between low estimate and final result ($3,550 USD).
Lot 2 : TUDOR, Pelagos “PARA”, Ref. 25600TN, titanium and steel wristwatch, special order. 967% variation between low estimate and final result ($67,773 USD).
Lot 4 :PATEK PHILIPPE, ref. 533 “The General”, circa 1937. Bracelet chronograph in 18k (750) yellow gold. 535% variation between the low estimate and the final result ($242,049 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE achieved the sale’s top figure of $2,197,001 USD.
RICHARD MILLE
Occupying second place in the sale’s top-price ranking. RICHARD MILLE realized $1,194,110 USD.
ROLEX
With a watch that fetched $77,456 USD, ROLEX was the third best performing brand in the sale, with a result of $520,406 USD.
These three brands accounted for total proceeds of $3,911,517 USD, or 87% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 83 in all, including 1 unsold lot, the average price per lot was $53,955 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Richard Mille and Rolex.
GEOFFROY ADER
