The “Fine Watches” auction, organized by Sotheby’s in Paris on September 30, 2022, presented an exclusive selection of 111 pieces from the best watch brands chosen for their condition, rarity and quality. The total sale price, including fees, was $3,020,368 USD, representing 93% of the lots presented.
BEST RESULTS
Lot 101 : CARTIER, “Cheich” Unique yellow gold mechanical wristwatch. Sold for $983,140 USD.
Lot 119 : PATEK PHILIPPE, Split-seconds Chronograph, Ref. 5370P-011 Platinum bracelet watch with split-seconds chronograph. Sold for $209,958 USD.
BEST PERFORMANCES
Lot 126 : PATEK PHILIPPE, Key ring and pair of cufflinks. 429% variation between the low estimate and the final result ($5,187 USD).
Lot 101 :CARTIER, “Cheich” Unique yellow gold mechanical bracelet watch. 401% variation between the low estimate and the final result ($983,140 USD).
Lot 156 : CARTIER, Pasha, reference 2113 Steel bracelet watch with chronograph and date. 362% variation between the low estimate and the final result ($6,792 USD)
BREAKDOWN BY BRAND
CARTIER
Occupying the top spot in the sale’s price ranking. CARTIER realized the highest figure of the sale, $1,019,451 USD
PATEK PHILIPPE
Occupying the second place of the best price ranking of the sale. PATEK PHILIPPE realized a figure of $ 913,568 USD
ROLEX
With a watch that reached the price of $80,278 USD, it is the third best performing brand in this sale with a result of $411,396 USD.
AVERAGE PRICE PER LOT
Given the number of lots, 111 in total, including 8 unsold lots, the average price of a lot was $29,324 USD.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Cartier, Patek Philippe, Rolex.
GEOFFROY ADER
