Monaco Legend Group demonstrated the healthy state of the watch market with its October 2022 Exclusive Timepieces sale that realised €17,042,960 total. With exceptional performances from Rolex, Patek Philippe and Audemars Piguet pieces that were either unique or incredibly rare, the sale included a world-record Patek Philippe Tiffany & Co signed World Time and a Rolex yellow-gold Paul Newman Daytona reference 6264 JPS.

The sale took place over the weekend of the October 22 and 23 at Le Meridien Beach Plaza Monte Carlo over three sessions. Le Meridien has become Monaco Legend Group’s established auction weekend location. Our international friends again enjoyed fantastic views, an incredible atmosphere and a very enjoyable and successful weekend for all!

Chairman Davide Parmegiani is delighted with the result. “We are delighted with the result of €17 million, especially in these uncertain times! I believe that it is now quite clear that short-term speculators are now out of the market. This is now a market for connoisseurs, collectors and those with a passion for rare and high quality watches. What we have demonstrated is that when rarity and quality collide, the market speaks and, in fact, speaks very loudly.”

The highest performing timepiece was a possibly unique Patek Philippe dual crown world time in yellow-gold signed Tiffany & Co that sold for €2.78 million. Another possibly unique Tiffany & Co signed watch was an astonishing yellow-gold Rolex Daytona reference 6265 that sold for €858,000. Another yellow-gold Rolex Daytona that achieved an outstanding result was a reference 6264 Paul Newman dial so-called “John Player Special” that sold for €1.43 million. In fact, the Rolex Daytona performed generally well across all three sessions.

A Cartier Pasha automatic minute repeating perpetual calendar in platinum, number one of a very limited edition, sold for €221,000. Another excellent Cartier result was a 1950s Cartier Paris Asymmetric in white gold with black dial and Arabic numerals, formerly the property of John Goldberger, sold for €149,500.

Four unique Audemars Piguet watches made for Asprey sold for a combined €1.19 million. Each piece was a platinum quantieme perpetual calendar with skeleton dial with stone-set bezel and lugs. There was one of each set with sapphires, rubies, emeralds and diamonds.

MLG Co-Chairman Claude Cohen said: I’m very happy that we achieved such a strong result, which was only possible with the hard work of our whole team. I can confirm today that it was a great decision to make this joint venture with Davide in 2019. He and I will continue working closely together to develop the company to the next level.

Full auction result can be seen here

PHOTO: Lot 230 – ROLEX – Extremely Well Preserved and Very Rare, Daytona “John Player Special”, Chronograph Wristwatch in Yellow Gold, With “Paul Newman” Dial, Reference 6264 – SOLD €1,430,000