Bonhamsโ recent watch sale in London achieved over ยฃ1.6 million, featuring masterpieces from Patek Philippe, Rolex, Cartier, and F.P. Journe. The standout was F.P. Journeโs platinum Chronomรจtre ร Rรฉsonance, selling for ยฃ140,100, while the Cartier Crash broke records at ยฃ114,700. The auctionโs diverse collection drew global collectors, emphasizing the strong demand for both vintage rarities and innovative designs, setting a new benchmark for luxury watch collecting.
In a remarkable moment for charity, the IWC Schaffhausen watch worn by British Formula Oneโข legend Lewis Hamilton on the podium of his record-breaking ninth victory at the 2024 Silverstone Grand Prix was sold at auction for $244,000. Bonhams hosted the online auction in collaboration with IWC Schaffhausen, and the watch was the star of the event, fetching seven times its original estimate. The auction concluded in tandem with The Laureus Charity Night in Zurich on October 19, 2024.
The auction was a resounding success, generating a total of ยฃ713,344. An impressive 91% of the lots were sold, with 97% sold by value, reflecting the strong demand and competitive bidding. The star of the auction was a Rolex Cosmograph Daytona, stainless-steel automatic chronograph bracelet watch, reference 116500LN, circa 2019. Known as the LN reference ‘lunette noir’ due to its black Cerachrom bezel and white dial, this sought-after piece surpassed its pre-sale estimate, fetching ยฃ20,480.
