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Sotheby’s posts sales of $13m in Geneva watch auction

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Sotheby’s has revealed it sold $13m at this week’s watch auctions in Geneva.

At the event, a Rolex “Paul Newman” Daytona, reference 6239 in yellow gold, from 1968 sold for CHF 512,000 and a Patek Philippe, reference 5016 minute in pink gold, circa 2005, old for CHF 500, 000.

A Rolex “Paul Newman Panda” Daytona, reference 6263, circa 1969, and a Patek Philippe, reference 5275, from 2015, were among the auctions highlights selling for CHF 412,500 and CHF 350,000 respectively.

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The new figures brings Sotheby’s total for the year to $106.7m, which is a 36% increase on the previous year.

Sam Hines, worldwide head of Sotheby’s Watches, said: “Across these last two days of sales, we have seen the full spectrum of today’s watch-collecting market, with 400 timepieces covering 400 years of watchmaking history avidly contested by collectors from around the world.

“As we approach the end of the year – with live sales in Dubai and New York and online auctions still to come – it’s good to see that, thanks to the combination of healthy demand, and our keen focus on careful sourcing, sales this year have taken a good stride forward.”

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Matthew Trask

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