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Sotheby’s Geneva Sale Generates Over $6 Million

Sotheby's Geneva Top Lot

Sotheby’s May 9 Geneva sale saw international collectors out in force, staking their claim both for big brands and, even more noticeably, for rare and historic timepieces. In total, the sale realized $6,338,588, well within pre-sale expectations. 53% of the lots sold achieved prices in excess of high estimate, with sell through rates of 78.4% by lot and 81.8% by value.

Sotheby’s Sale Brings Over $3 Million

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Sotheby’s May 10 Geneva sale brought a total of $3,077,240. The top selling lot was number 147, a Patek Philippe platinum split seconds chronograph, Ref. 5959P, which sold for $297,468 against a pre-sale estimate of $250,000 to $350,000. The sale was 74.8% sold by lot and 73.7 % by value.

Blue Diamond Achieves Record Price at Sotheby’s

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On Tuesday May 12, Sotheby’s realized $9,488,754 (CHF 10,498,500 / €7,024,336) for a fancy vivid blue, internally flawless cushion-shaped diamond weighing 7.03 carats. This is the highest price for a fancy vivid blue diamond sold at auction and the world-record price per carat for any gemstone sold at auction – $1,349,752. The sale was held in Geneva, and the price topped the pre-sale estimate of $5.8-8.5 million.

Sotheby’s Geneva Auction Features Patek 5959

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Sotheby’s May 10 auction of fine timepieces at the Beau-Rivage Hotel in Geneva will feature treasures old and new. The star among the modern offerings is a Patek Philippe split-seconds chronograph Ref. 5959P. This piece, estimated at between $250,000 and $350,000, contains Patek’s first fully in-house chronograph calibre, CHF 27-525PS, which, at 5.25mm, is the thinnest column-wheel split-seconds chronograph ever made.