The “Fine Watches” auction organised by Sotheby’s in Paris on March 28, 2024, featured an exclusive selection of 174 timepieces from the best watch brands, chosen for their condition, rarity and quality. The sale total, including fees: US$434,0100, representing 100% of the lots presented.
BEST RESULTS
Lot 351: PATEK PHILIPPE – Platinum perpetual calendar chronograph wristwatch with moon phases sold for $178159 USD
Lot 366: Rolex – Platinum chronograph wristwatch with diamond hour markers sold for $150,750 USD
Lot 363: PATEK PHILIPPE – Steel bracelet watch with date sold for $150750 USD
BESST PERFORMANCES
Lot 433: Rolex Circa 1976 – Yellow gold bracelet watch. 535% variation between the base estimate and the final result (13705$ USD
Lot 444: Cartier Circa 1965 – Yellow gold bracelet watch. 450% variation between the base estimate and the final result (17816$ USD)
Lot 415: Audemars Piguet Circa 1996 – Steel bracelet watch with date. 433% variation between the base estimate and the final result (5756$ USD)
BREAKDOWN BY BRAND
PATEK PHILIPPE
Occupying first place in the ranking of the best sale prices, PATEK PHILIPPE achieved the best sale figure of $1377446 USD.
ROLEX
Occupying second place in the sale’s best price ranking, Rolex achieved a figure of US$1131997 USD
AUDEMARS PIGUET
With a watch that fetched a price of US$82227, Audemars Piguet was the third best performing brand in the sale, with a result of US$425801.
These three brands accounted for total proceeds of $US29,352,45, or 68% of total sales.
AVERAGE PRICE PER LOT
Given the number of lots, 174 in all, including 0 unsold lots, the average price of a lot was US$2,443.
CONCLUSION
This sale once again demonstrated the dynamism of the auction market, with the following brands in the top three: Patek Philippe, Rolex and Audemars Piguet.
GEOFFROY ADER
