Record sales at Sotheby's
Sotheby’s International Watch auctions reached $ 12 million in July, driven by exceptional results including George Daniels timepiece Masterworks of Time for $ 10.1 million and Omega Speedmaster sold for $ 1.2 million. These sales closed one of the most successful seasons in Sotheby’s Watches’ history. Since the beginning of 2019, the company’s watch auctions have reported a total of $ 59 million, an increase of 54 % over the same period in 2018 ($ 38.2 million). These results were fueled by record prices, live auctions, and online sales growth. During this season, nearly 40 % of the lots sold exceeded the highest estimates, and twelve timepieces were sold for more than 500,000 dollars.