The last few days were high auction season in Geneva. Just one day after Phillips’s two-day sale that included the stainless steel Patek Philippe 1518, now the most expensive wristwatch ever sold, Christie’s offered nothing less than 320 watches, and with impressive results. At the end of the day, the Rare Watches sale had netted 14,702,500 CHF (approximately $14,864,227 at time of publishing), selling 88% of the lots. Both the best performing watches and the few unsold lots allow a number of interesting insights into the current state of the vintage market, some very much aligned with the main takeaways from the Phillips auction too.
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