The “Fine Watches” auction, organized by Sotheby’s in Paris on September 29, 2023, featured an exclusive selection of 160 pieces from the finest watch brands, chosen for their condition, rarity and quality. Total sale, including fees: $3,751,562 USD, or 98% of lots presented.
BEST RESULTS
Lot 352: ROLEX, Daytona ‘Paul Newman’ reference 6241 Steel chronograph wristwatch, circa 1968. Sold for $255,464 USD.
Lot 350: ROLEX, ‘Paul Newman’ reference 6262 Steel chronograph wristwatch, circa 1971. Sold for $242,019 USD.
BEST PERFORMANCES
Lot 472: CARTIER, Tank Yellow gold bracelet watch, circa 1971. 11,353% variation between low estimate and final result ($26,890 USD).
Lot 422: ROLEX, Reference 5109/8 Yellow gold wristwatch, circa 1991. 6313% variation between low estimate and final result ($6,313 USD).
Lot 497: VACHERON CONSTANTIN x ECAL – Whyte Metal, glass and marble dome clock, circa 2014. 6,199% variation between low estimate and final result ($7,395 USD).
BREAKDOWN BY BRAND
ROLEX
Occupying first place in the best sales price ranking. ROLEX achieved the highest sales figure of $2,030,270 USD.
AUDEMARS PIGUET
Occupying second place in the sale’s best price ranking. AUDEMARS PIGUET realized $516,172 USD.
PATEK PHILIPPE
With a watch that fetched $94,118 USD, it was the third best-performing brand in the sale, with a result of $495,601 USD.
These three brands accounted for total proceeds of $3,042,043 USD, or 81% of the total sale.
AVERAGE PRICE PER LOT
Given the number of lots, 160 in all, including 3 unsold lots, the average price per lot was $23,895 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Rolex, Audemars Piguet, Patek Philippe.
GEOFFROY ADER
