“Bidders are keener than ever” as Bonhams take nearly £2m at London auction

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. Story continues below Advertisement 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 . Source