The Important Watches auction organized by Sotheby’s featured an exclusive selection of 242 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 11 116 625 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 134 : Patek Philippe ref. 2499/100, yellow gold perpetual calendar chronograph wirstwatch with moon phases, retailed by Tiffany & Co., sold for 800 000 $ USD.
Lot 245 : Patek Philippe ref. 2499/100, yellow gold perpetual calendar chronograph wirstwatch with moon phases, sold for 450 000 $ USD.
BEST PERFORMANCES
Lot 120 : Patek Philippe ref. 3712/1A, Nautilus model, stainless steel automatic wristwatch with date moon phases power reserve indication and bracelet, or 400% variation between the low estimate and the final result (125 000 $ USD).
Lot 110 : Rolex ref. 16710, GMT-Master II model, stainless steel dual time wristwatch with date and bracelet, or 375% variation between the low estimate and the final result (23 750 $ USD).
Lot 224 : Rolex ref. 16700, GMT-Master model, stainless steel automatic dual time wristwatch with date and bracelet, or 358% variation between the low estimate and the final result (13 750 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch at 800 000 $ USD, average per lot 88 286 $ USD. A result based on the highest bid of the sale with lot 134.
Rolex
On the second step of the podium, with a watch above $180,000 USD, average per lot 28 601 $ USD.
Audemars Piguet
On the third step of the podium, with a watch at 250 000 $ USD, average per lot 70 573 $ USD.
These three brands represent a total revenue of 7 989 375 $ USD, or more than 70% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 242 in total, including 44 unsold lots, the average price of a lot was 56 340 $ USD.
CONCLUSION
The market has demonstrated once again its strength on the auction block, we have noticed the presence of the three leading watch brands : Patek Philippe, Rolex and Audemars Piguet.
