AuctionsNews

Fellow’s Watches breaks house record

FellowsWatches auction revealed it has broken a record for the number of bidders at one of their timed auctions. 

The sale, which ended on 20 April, had a total of 1,150 registrants on the auctioneer’s platform, with an additional 400 on The-Saleroom.com. 

The 1,600 total buyers was the highest amount ever registered for its timed auction, far surpassing the 716 registrants who signed up to its jewellery auction on 16 April. 

The Watches auction showcased 377 lots, and ran for a total of seven and a half hours. The auction had an 87% sell-rate and showcased a “strong demand for elegant timepieces”. 

A variety of brands were showcased, including Tag Heuer, Rolex, and Omega. Many items exceeded their auction estimates and often received between 20 and 50 bids each. 

An 18ct yellow gold Rolex Oyster Perpetual Day-Date watch sold for £13,079 against an estimate of £4,500 – £5,500, while a stainless steel Speedmaster chronograph by Omega sold for £4,657 against an estimate of £1,200 – £1,800.

Steven Yambo, senior watch specialist at Fellows Auctioneers, said: “We received record registrants in our watches sale and I am thrilled there is still a demand for all kinds of timepieces. 

“So many items flew above their estimates and I enjoyed watching people bid on the auction even down to the wire.” 

He added: “Our watch auctions at Fellows continue to go from strength-to-strength and even with the way the world is at the moment people still seem to be taking part in our auctions.”

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