The “Fine Watches” auction, organized by Sotheby’s in New York on March 7, 2023, featured an exclusive selection of 170 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,967,099 USD, or 86% of lots presented.
BEST RESULTS
Lot 7 : PATEK PHILIPPE, ref. 5271P. Bracelet watch in platinum (950) and diamonds with chronograph, perpetual calendar and moon-phase indication. Sold for $279,400 USD.
Lot 15 : RICHARD MILLE, Limited Edition RM055 AN Ti Bubba Watson Red Drive. Black titanium skeleton bracelet watch. Sold for $254,000 USD.
BEST PERFORMANCES
Lot 52 : PATEK PHILIPPE, circa 1900. 18k (750) yellow gold pocket watch resold by The Bailey Banks & Biddle Co. 789% variation between low estimate and final result ($44,450 USD).
Lot 108 : ROLEX, Ref. 176200 Oyster Perpetual “Grape”. Steel bracelet watch. 433% variation between low estimate and final result ($5,334 USD).
Lot 98 :JAEGER LECOULTRE, Ref. 7368. Ladies’ bracelet watch in 18k (750) yellow gold, diamonds, emeralds, rubies and sapphires. 344% variation between the low estimate and the final result ($8,890 USD).
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the best sales price ranking. PATEK PHILIPPE achieved the highest sales figure of $1,721,485 USD.
ROLEX
Occupying second place in the ranking of best sales prices. ROLEX realized $1,026,795 USD.
RICHARD MILLE
With a watch that fetched $254,000 USD, RICHARD MILLE was the third best-performing brand in the sale, with a result of $355,600 USD.
These three brands accounted for total proceeds of $3,103,880 USD, or 78% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 170 in all, including 24 unsold lots, the average price per lot was $23,336 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 Richard Mille.
GEOFFROY ADER
