The Watches Online auction organized by Sotheby’s featured an exclusive selection of 36 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 705 965 $ USD, selling nearly 95% of the lots presented.
BEST RESULTS
Lot 36 : Rolex ref. 6263, Daytona Big Red model, stainless steel chronograph wristwatch with bracelet, sold for 109 646 $ USD.
Lot 8 : Panerai ref 3646, Radiomir model, Rolex for Panerai, military stainless steel diver’s watch, sold for 101 814 $ USD.
BEST PERFORMANCES
Lot 34 : Rodania ref. 5621 H, Geometer model, stainless steel chronograph wristwatch with bracelet, or 588% variation between the low estimate and the final result (17 230 $ USD).
Lot 12 : Swiss, yellow gold and enamel open-faced keyless watch, or 550% variation between the low estimate and the final result (4 073 $ USD).
Lot 21 : Rolex ref. 279381RBR, Datejust model, stainless steel and pink gold diamond-set wristwatch with mother-of-pearl dial, date and bracelet, or 486% variation between the low estimate and the final result (11 748 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with a watch having surpassed the 100 000 $ USD mark, average per lot 25 286 $ USD. A result based on the highest bid of the sale with lot 36.
Panerai
On the second step of the podium, with a watch above 100 000 $ USD, average per lot 101 814 $ USD, with the sale of a single lot.
Patek Philippe
On the third step of the podium, with a watch having exceeded the 40 000 $ USD mark, average per lot 15 037 $ USD.
These three brands represent a total revenue of 531 001 $ USD, or more than 75% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 36 in total, including 2 unsold lots, the average price of a lot was 20 764 $ 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 : Rolex, Panerai and Patek Philippe.
