The Watches Online auction organised by Sotheby’s included an exclusive selection of 144 watches from the best watch brands chosen according to their condition, rarity and quality. Total sale including costs: 751 077 $ USD, selling more than 80% of the lots presented.
BEST RESULTS
Lot 8129 : Audemars Piguet ref. 3940J 26290IO.OO.A001VE.01, Royal Oak Offshore Grand Prix model, limited edition ceramic, forged carbon and titanium chronograph wristwatch with date, sold for 25 601 $ USD.
Lot 8030 : F.P. Journe, Chronomètre Souverain model, platinum wristwatch with power reserve indication, sold for 22 401 $ USD.
BEST PERFORMANCES
Lot 8059 : Rolex ref. 50525, Cellini Dual Time model, pink gold dual time zone wristwatch with day and night indication, or 343% variation between the low estimate and the final result (19 206 $ USD).
Lot 8043 : Carl F. Bucherer ref. 10908.03, Manero Automate model, pink gold wristwatch with date and bracelet, or 338% variation between the low estimate and the final result (4 480 $ USD).
Lot 8052 : Rolex ref. 1514, Date model, yellow gold wristwatch with date, or 228% variation between the low estimate and the final result (6 720 $ USD).
BREAKDOWN BY BRANDS
Rolex
On the first step of the podium, with two watches exceeding 13 000 $ USD, average per lot 6 705 $ USD.
Patek Philippe
On the second step of the podium, with a watch above 17 000 $ USD, average per lot 10 649 $ USD.
Audemars Piguet
On the third step of the podium, with a watch having surpassed the 25 000 $ USD mark, average per lot 13 121 $ USD. A result based on the highest bid of the sale with lot 8129.
These three brands represent a total revenue of 315 376 $ USD, or more than 40% of the total sale.
AVERAGE PRICE PER LOT
Based on the number of lots, 144 in total, including 28 unsold lots, the average price of a lot was 6 475 $ 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 Audemars Piguet.
