The Fine Watches auction, organized by Sotheby’s in New York on September 14, 2022, featured an exclusive selection of 178 pieces from the finest watch brands chosen for their condition, rarity and quality. The total sale, including fees, was $1,846,152 USD, representing 73% of the lots presented.
BEST RESULTS
Lot 82 : PATEK PHILIPPE, Nautilus, ref. 5712, steel wristwatch with date, moon phase indication and power reserve. Sold for $136,600 USD.
Lot 83 : PATEK PHILIPPE, Nautilus, ref. 5712, 18k pink gold wristwatch with date, moon phase indication and power reserve. Sold for $107,100 USD.
BESTPERFORMANCES
Lot 154 : AUDEMARS PIGUET, 18k yellow gold wristwatch. 488% variation between the low estimate and the final result ($17,640 USD).
Lot 94 : PATEK PHILIPPE, ref. 5030, Gondolo, 18k yellow gold wristwatch. 246% variation between the low estimate and the final result ($13,860 USD).
Lot 117 : PATEK PHILIPPE resold by GREENLEAF AND CROSBY CO, 18k yellow gold and enamel pocket watch. 236% variation between the low estimate and the final result ($20,160 USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the auction’s top price ranking. PATEK PHILIPPE realized the highest figure of the sale, $685,188 USD
ROLEX
Occupying the second place in the ranking of the best prices of the sale. ROLEX realized a figure of $483,966 USD
AUDEMARS PIGUET
With a watch that fetched $31,500 USD, AUDEMARS PIGUET was the third best performing brand in the sale with a result of $104,832 USD.
These three brands accounted for total proceeds of $1,273,986, or 69% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 178 in total, including 48 unsold lots, the average price of a lot was $14,201 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
