The Watches Online auction organized by Sotheby’s featured an exclusive selection of 185 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 1 311 125 $ USD, selling 90% of the lots presented.
BEST RESULTS
Lot 144 : A. Lange & Sohne ref. NC, 18k pink gold jump hour and hour and minute wristwatch with striking time and power reserve indication, sold for 62 500 $ USD.
Lot 152 : Patek Philippe ref. 5146/1J, 18k yellow gold automatic annual calendar wristwatch with moon phases and power reserve indication, sold for 35 000 $ USD.
BEST PERFORMANCES
Lot 35 : Cartier ref. 1660, Panthère model, lady’s 18k white gold and diamond set wristwatch with bracelet, or 525% variation between the low estimate and the final result (25 000 $ USD).
Lot 172 : Piaget ref. 93413 B2, 18k white gold bracelet watch set with diamonds, or 525% variation between the low estimate and the final result (12 500 $ USD).
Lot 12 : Omega, Speedmaster Apollo 13 – 45th Anniversary « Silver Snoopy Award » model, limited edition stainless steel chronograph wristwatch with registers and silver snoopy case back, or 375% variation between the low estimate and the final result (23 750 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with two watches at more than 15 000 $ USD, average per lot 7 800 $ USD.
Patek Philippe
On the second step of the podium, with a watch at 35 000 $ USD, average per lot 10 521 $ USD.
Omega
On the third step of the podium, with a watch having exceeded the 20 000 $ USD mark, average per lot 6 448 $ USD.
These three brands represent a total revenue of 602 875 $ USD, or more than 45% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 185 in total, including 17 unsold lots, the average price of a lot was 7 852 $ 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, Patek Philippe and Omega.
