Watch auction house secures remarkable €26.47m sales in Monte-Carlo
Monaco Legend Group's April timepiece auction achieved exceptional results with nearly 98% of lots sold at the Méridien Beach Plaza.
The Principality's premium watch auction scene has delivered another impressive performance, with Monaco Legend Group's exclusive timepiece sale generating €26.47 million in total sales. The two-day event, held at the Hôtel Méridien Beach Plaza on 25-26 April, demonstrated the robust appetite for luxury watches among collectors.
The auction achieved a remarkable 98.3% sell-through rate, indicating strong bidding across the catalogue. This exceptional clearance rate reflects the continued strength of the high-end timepiece market, particularly for rare and vintage pieces that attract serious collectors from around the world.
Monte-Carlo has established itself as a key destination for luxury watch auctions, drawing international buyers who appreciate both the glamorous setting and the expertise of specialist auction houses. The success of this sale reinforces Monaco's position as a hub for luxury goods trading, where discerning collectors gather to acquire exceptional timepieces.
The strong results suggest that despite broader economic uncertainties, the market for premium watches remains resilient, with collectors continuing to view rare timepieces as both passion purchases and alternative investments.