[2022 Edition] PHILLIPS "The Royal Oak 50th" Auction Results - GENEVA 6 May, 2022 -

OTHER COLUMNコミット銀座

good evening everyone.

In the previous column, we covered notable watches from the world's three major auction houses , PHILLIPS , CHRISTIE'S , and Sotheby's , which are holding a sale in Geneva, Switzerland earlier this month (May 2022).

If you haven't seen the previous article yet, please check it out from the image below.

This time, we would like to introduce the top 10 models with the largest difference between the expected and actual winning bid prices (hereinafter referred to as the increase rate) from the results of the PHILLIPS (Philips) [Audemars Piguet] "The Royal Oak 50th" held on May 6, 2022 in a ranking format. Which models made it into the list? Please enjoy until the end!

*The price is the winning auction price plus a commission fee (26%).
*The Japanese yen rate will be based on the exchange rate immediately prior to the auction.
*CHF (Swiss Franc) = 133.30 yen
*All images are from PHILLIPS

[※About the terms used in the text]
*LOT: A number given to items auctioned. The auction will be conducted in the order of the lot numbers.
*Estimate: The expected winning bid price estimated by each auction company.

[The Royal Oak 50th]
Exceeded expected bid price! TOP 10 ranking

10th place ■LOT.8
"Royal Oak" "Ref.5402ST"

Point
The 5402ST was produced in numbers A through D, and was a long-selling model that was featured in the Audemars Piguet catalog for 25 years. It is said that about 6,050 pieces were produced, including different materials. The A1 piece is said to have been sold to the royal family, but its whereabouts are currently unknown. This A2 serial number is the earliest piece whose existence is confirmed. It attracted attention as a unique piece, and was the most expensive of all the pieces offered at "The Royal Oak 50th".

Estimate: CHF 200,000 – 400,000
SOLD : CHF 1,058,500(JPY 141,098,050)
Increase: 265%

[Source] Philips


9th place ■LOT.83
"Royal Oak perpetual calendar" "Ref.25820PT"

Point

The Royal Oak Perpetual Calendar was produced from 1996 to around 2013. Of the 1,235 pieces produced, only 74 were made of platinum, and the fact that it also has a popular salmon dial led to a high bid.

[Breakdown of 1,235 bottles]
Stainless steel (628 pieces), yellow gold (107 pieces), pink gold (11 pieces), stainless steel/platinum (378 pieces), tantalum/yellow gold (15 pieces), tantalum/platinum (9 pieces), tantalum/pink gold (13 pieces), platinum (74 pieces)

Estimate: CHF 100,000 – 200,000
SOLD : CHF 554,400(JPY 73,848,200)
Increase rate: 277%

[Source] Philips


8th place ■LOT.61
"Royal Oak perpetual calendar" "Ref.25654ST"

Point

The Royal Oak Perpetual Calendar was produced from 1987 to 1998. It is said that only 851 pieces were produced. In order to improve water resistance, the case diameter is 0.75mm thicker than the previous model, Ref. 25554. The popular MK1 Salmon Dial may have led to the high price.

[Breakdown of 851 bottles]
Stainless steel (315 pieces), yellow gold (430 pieces), stainless steel/yellow gold (68 pieces), platinum (38 pieces)

Estimate: CHF 100,000 – 200,000
SOLD : CHF 579,600(JPY 77,260,680)
Increase rate: 290%

[Source][Source][Source] Philips


5th Place ■LOT.33
『Royal Oak perpetual calendar “tantalum”』「Ref.25829TP」

Point

The Royal Oak Perpetual Calendar Skeleton was produced from 1996 to around 2013. It is said that only 875 pieces were produced. Of these, this "tantalum" and "platinum" combination model was produced in only 16 pieces, but the serial number of this particular model is "No. 25", which is higher than "16". It is said that the reason for this is that the serial number allocation was mixed with the solid dial model.

[Breakdown of 875 bottles]
Stainless steel (371 pieces), yellow gold (102 pieces), pink gold (174 pieces), stainless steel/platinum (25 pieces), tantalum/yellow gold (15 pieces), tantalum/platinum (16 pieces), tantalum/pink gold (16 pieces), platinum (156 pieces)

Estimate: CHF 120,000 – 240,000
SOLD : CHF 768,100(JPY 102,387,730)
Increase rate: 320%

[Source] Philips


4th Place ■LOT.54
"Royal Oak perpetual calendar" "Ref.5554ST"

Point
The Royal Oak Perpetual Calendar has been on sale since 1984. Of the 49 pieces produced, this particular piece is a rare piece with three serial numbers [D1495, No. 46, B29282 (inside the case back)], produced during the transition period between the "Ref. 5554" and "Ref. 25554". Furthermore, I think that the fact that it has an "MK1" dial was also one of the factors that led to the high price.

Estimate: CHF 80,000 – 160,000
SOLD : CHF 680,400(JPY 90,697,320)
Increase rate: 425%

[Source] Philips


3rd Place ■LOT.1
『Royal Oak “Time for the Trees Foundation”』「Ref.15100ST」

Point

The Royal Oak "Time for the Trees Foundation" was released in 1999. This model, with only 500 pieces produced, has an oak tree engraved in the center of the dial and the Audemars Piguet Foundation logo engraved at the 6 o'clock position. A portion of the sales revenue is donated to the Time For Trees initiative, an NGO (non-governmental organization) that aims to plant trees around the world.

[Breakdown of 500 bottles]
Stainless steel (450 pieces), yellow gold (50 pieces)

Estimate: CHF 15,000 – 25,000
SOLD : CHF 107,100(JPY 14,276,430)
Increase rate: 428%

[Source] Philips


2nd Place ■LOT.25
『Royal Oak “day and date”』「Ref.25595BC」

Point

The Royal Oak Day-Date was produced from 1984 to 1987. It is said that only five were produced. It has a distinctive design with a 36mm white gold case and a bezel with a very unusual diamond setting. This model was originally sold in Singapore in the 1980s.

[Breakdown of 5 bottles]
Yellow gold (3 pieces), white gold (2 pieces)

Estimate: CHF 30,000 – 60,000
SOLD : CHF 277,200(JPY 36,950,760)
Increase rate: 462%

[Source][Source] Philips

summary

What did you think.

Recently, the Royal Oak has been showing gradual movements due to the influence of the high market price. However, judging from the results of the recent "The Royal Oak 50th" , most of the watches sold at prices above the estimate. Looking back at the results, I felt that the popularity of the Royal Oak is solid.

We will continue to report on the auction results from PHILLIPS, CHRISTIE'S, and Sotheby's, so please stay tuned!

see you!

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