A recent Sotheby’s watch auction in Geneva brought in CHF 6.7 million ($8.1 million), led by a standout Patek Philippe wristwatch that sold for CHF 368,300 ($442,962). The event, held on May 11, saw 78% of the lots sold, many achieving prices at or above their presale estimates.

The top-performing piece was a Patek Philippe Nautilus automatic wristwatch in stainless steel, featuring diamonds, which sold within its expected range. Other notable sales included a Patek Philippe Aquanaut Travel Time in white gold that went for CHF 336,550 ($404,755), and a 1971 Patek Philippe perpetual calendar watch with moon phases that fetched CHF 330,200 ($397,138).

Sotheby’s also reported strong results for a Rolex Daytona “Paul Newman” stainless steel chronograph from 1969, which sold for CHF 241,300 ($290,216), and a limited-edition Patek Philippe Nautilus 40th Anniversary white gold watch with diamond accents, also sold for CHF 330,200 ($397,138).

The auction highlighted a growing trend: younger collectors are making a mark, with 33% of buyers under the age of 40. According to Sotheby’s, watches in excellent condition with rarity, unique features, and strong provenance continue to perform best.

“This sale continues to demonstrate that watches in great condition with rarity and differentiating and/or unique features are the most likely to do well,” the auction house said in a statement.