Summary The 10th edition of the Only Watch Auction in Numbers

After the conclusion of the activities of the tenth edition of the Only Watch Auction, here are some numbers and facts about the charity auction, which witnessed many numbers worth mentioning, most notably the recording of the third most expensive watch in the world, and the Rexhep Rexhepi watch achieving a large number as it was sold for more than its average expected price for 17 times, here are the most notable numbers.

• The auction collected 28,320,000 Swiss francs compared to the last edition in 2021, which collected 29,740,000 Swiss francs, with a slight difference estimated at 1,420,000 Swiss francs, which is a decrease of 4.9%.
   
• 47 watches were put up for bidding compared to 53 watches in 2021, a difference of 6 timepeices, which is a 12% decrease.

• The most expensive watch: Patek Philippe Grande & Petite Sonnerie 6301A, sold for 15.7 million Swiss francs, after its average estimated price was 1.65 million Swiss francs, which is about 9 times more than its estimated price.
   
• The Patek Philippe watch ranks third as the most expensive watch in the world, after both the Rolex Cosmograph Daytona Paul Newman Ref. 6239 is in second place at a price of 17,750,973 Swiss francs, while first place goes, of course, to the Patek Philippe Grandmaster Chime ref. 6300A-010 which sold for 31 million Swiss francs.

• The lowest priced watch, the Trilobe Réconciliation the young French brand sold for 17,000 CHF which it si price was Estimated between CHF 25,000 and 35,000, which is almost 2 times less than the estimated price.

Let us delve deeper and talk in the language of numbers. If we make a simple mathematical approach between the average estimated price of the watch and its selling price, we can find out which watches achieved results more than expected or less than expected.

• The Rexhep Rexhepi Chronomètre Antimagnétique exceeded all expectations as it was sold for 2.1 million Swiss francs, which is 17 times more than its average expected price. Which was 100,000 - 150,000  CHF.

• In terms of numbers, it is a huge achievement especially when we see that a watch like the F.P Journe edition achieved only 6 times its price, and the most expensive watch in the auction achieved 9 times its price.

• As for the watch that was much lower than expectations, it was the Gerald Genta watch, which was sold for 170,000 Swiss francs after its estimated price was CHF 350,000 - 500,000 Swiss francs. This is approximately 3 times lower than the average expected hourly rate.

• While the Furlan Marri watch achieved a respectable number in its first participation, the watch, which was made in collaboration with watchmakers Dominique Renaud and Julien Tixier, was sold for 130,000 Swiss francs, which is 5 times higher than its average price, which was estimated at 20,000 - 30,000 Swiss francs.