The “Fine Watches” auction, organized by Sotheby’s in London on September 21, 2023, featured an exclusive selection of 104 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,211,496 USD, representing 85% of the lots presented.
BEST RESULTS
Lot 5: ROLEX, Daytona ‘Panda Paul Newman’, Reference 6263, Steel chronograph wristwatch, circa 1969. Sold for $410,078 USD.
Lot 10: PATEK PHILIPPE Reference 5271P-001, Platinum and diamond wrist chronograph with perpetual calendar, circa 2021. Sold for $234,330 USD.
BEST PERFORMANCES
Lot 23: GERALD GENTA, Reference G.3481.7, Yellow gold and diamond wristwatch, circa 1995. 408% variation between low estimate and final result ($5,858 USD).
Lot 52: PATEK PHILIPPE, Aquanaut Travel Time, Reference 5164A-001, Steel wristwatch with dual time zone, circa 2021. 175% variation between low estimate and final result ($95,196 USD).
Lot 39: PATEK PHILIPPE, Aquanaut, Reference 5167A-001, Steel wristwatch, circa 2020. 166% variation between the low estimate and the final result ($61,511 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the best sales price ranking. PATEK PHILIPPE achieved the highest sales figure of $1,863,951 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $689,077 USD.
AUDEMARS PIGUET
With a watch that fetched $80,551 USD, AUDEMARS PIGUET was the third best-performing brand in the sale, with a result of $261,718 USD.
These three brands accounted for total proceeds of $2,814,746 USD, or 88% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 104 in all, including 16 unsold lots, the average price per lot was $36,494 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Audemars Piguet.
GEOFFROY ADER
