The “Fine Watches” auction, organized by Sotheby’s in New York on September 13, 2023, featured an exclusive selection of 164 timepieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $2,612,263 USD, or 98% of lots presented.
BEST RESULTS
Lot 2: F.P. JOURNE, Octa Perpétuelle Anniversaire Tokyo, Titanium and rose gold wristwatch with perpetual calendar. Limited edition made to commemorate the 5th anniversary of the F.P. Journe boutique in Tokyo, circa 2010. Sold for $215,000 USD.
Lot 7: PATEK PHILIPPE, Nautilus ref. 5711, Rose gold wristwatch, circa 2017. Sold for $139,700 USD.
BEST PERFORMANCES
Lot 139: FRANCK MULLER, Conquistador Cortez Ref. 10800 SCDTGPG, Serpenti, Titanium wristwatch, circa 2016. 389% variation between low estimate and final result ($4,826 USD).
Lot 122: CORUM, 25th Anniversary Corum Gold Coin Watch, Yellow gold wristwatch, limited edition, circa 1989. 313% variation between low estimate and final result ($8,255 USD).
Lot 119: GERALD GENTA, Ref. G25394, Yellow gold wristwatch with perpetual calendar, moon phases and leap year indication, circa 1995. 299% variation between low estimate and final result ($27,940 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of best sales prices. PATEK PHILIPPE achieved the highest sales figure of $915,670 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $336,423 USD.
F.P. JOURNE
With a watch that fetched $215,900 USD, it was the third best-performing brand in the sale, with a result of $289,306 USD.
These three brands accounted for total proceeds of $1,541,399 USD, or 59% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 164 in all, including 3 unsold lots, the average price per lot was $15,928 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 F.P. Journe.
GEOFFROY ADER
