The latest Bonhams Fine Watches and Wristwatches held in London last week fetched almost £2m, marking one of the ‘largest sales to date’.
The event, which took place on June 20, saw 80% of lots sold on the day achieving a total of £1,840,438.
The top lot of the sale was the Rolex Paul Newman Cosmograph Daytona which exceeded its pre-sale estimate of £150,000-180,000, selling for £212,500.
Jonathan Darracott is the Global Head of Watches, he said: “We were very pleased with the results, which reflect the continued buoyancy of the collectors’ market. Many of our top lots achieved well above their pre-sale estimate, indicating that bidders are keener than ever to secure the best examples of rare and interesting models at auction.”
Rolex was incredibly popular throughout the auction with six of the top ten lots coming from the Swiss brand.
An 18k gold manual wind Cosmograph doubled its pre-sale estimate when it achieved £100,000.
The auction also featured 46 Heuers from a single private collection which included some of the finest examples of Heuer watches ever to be sold at auction.
World record auction prices were achieved for the ‘Skipperera’ chronograph which went for £81,250, more than triple its estimate.
Mr Darracott went on to add: “This was one of our largest sales to date, and we are delighted that so many of the lots found new owners.”