The Watches Online auction organized by Sotheby’s featured an exclusive selection of 121 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 877 142 $ USD, selling nearly 90% of the lots presented.
BEST RESULTS
Lot 7 : Patek Philippe ref. 5711/1, ‘Geneva Seal’ Nautilus model, stainless steel automatic wristwatch with date and bracelet, sold for 76 395 $ USD.
Lot 4 : Rolex ref. 6240, Daytona model, stainless steel chronograph wristwatch with bracelet and later Tiffany & Co. dial, manual movement, sold for 57 596 $ USD.
BEST PERFORMANCES
Lot 35 : Jaeger-Lecoultre ref. 177847N, Master Compressor Extreme W Alarm Aston Martin model, limited edition stainless steel and titanium world time wristwatch with alarm and date, or 1 088% variation between the low estimate and the final result (12 096 $ USD).
Lot 113 : Seiko ref. NC, two stainless steel, titanium and ceramic wristwatches, or 600% variation between the low estimate and the final result (3 565 $ USD).
Lot 104 : Bulgari / Gerald Genta ref. OBR.Y.1C, stainless steel and ceramic retrograde jumping hours wristwatch with date, or 369% variation between the low estimate and the final result (9 549 $ USD).
BREAKDOWN BY BRANDS
Patek Philippe
On the first step of the podium, with a watch worth more than 75 000 $ USD, average per lot 13 901 $ USD, single lot. A result based on the highest bid of the sale with lot 7.
Rolex
On the second step of the podium, with a watch worth more than 50 000 $ USD, average per lot 17 051 $ USD.
Omega
On the third step of the podium, with a watch having exceeded 9 000 $ USD, average per lot 6 392 $ USD.
These three brands represent a total revenue of 472 885 $ USD, or more than 40% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 121 in total, including 13 unsold lots, the average price of a lot was 8 122 $ 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 : Patek Philippe, Rolex and Omega.
