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Patek sells for $2.4 million at Christies!  Rate Topic 
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 Posted: Mon May 14th, 2012 10:38 am
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oagaspar
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Patek Philippe. An exceptionally fine, rare and important 18K gold two crown world time wristwatch with 24 hour indication and cloisonné enamel dial depicting the North American continent SIGNED PATEK PHILIPPE, GENÈVE, WORLD TIME MODEL, REF. 2523, MOVEMENT NO. 722'706, CASE NO. 306'205, MANUFACTURED IN 1955 Images 
Enlarge & Zoom Price Realized (Set Currency)
    CHF2,771,000
  • ($2,990,154)
  • Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.
Estimate
    CHF1,600,000 - CHF2,600,000
  • ($1,726,542 - $2,805,630)
Sale Information Sale 1388
Important Watches
14 May 2012
Geneva
Buy the Catalogue Lot Description Patek Philippe. An exceptionally fine, rare and important 18K gold two crown world time wristwatch with 24 hour indication and cloisonné enamel dial depicting the North American continent
Signed Patek Philippe, Genève, World Time model, ref. 2523, movement no. 722'706, case no. 306'205, manufactured in 1955
Cal. 12'''400 HU mechanical lever movement stamped twice with the Geneva seal, 18 jewels, polychrome cloisonné enamel dial depicting the North American continent, applied gold baton numerals, stylized gold hands, inner revolving ring calibrated for Arabic 24 hours divided into diurnal and nocturnal hours, outer silvered revolving ring with names of 42 cities from around the world and adjusted by crown at 9, large circular case, facetted lugs, snap on back, 18K gold Patek Philippe buckle, case, dial and movement signed
35.5 mm. diam.

Special Notice Prospective purchasers are advised that several countries prohibit the importation of property containing materials from endangered species, including but not limited to coral, ivory and tortoiseshell. Accordingly, prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import this lot into another country.
Lot Condition Report I confirm that I have read this View Condition Report Provenance The Art of Patek Philippe - Legendary Watches, Habsburg, Feldman, Geneva 9 April 1989, lot 294.

Pre-Lot Text THE PROPERTY OF AN IMPORTANT PRIVATE COLLECTOR
View Lot Notes ›

Attachment: patek p.jpg (Downloaded 47 times)

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 Posted: Tue May 15th, 2012 07:23 am
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bigrustypig
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Shucks! That's a true work of precious art. Thanks for sharing, O.

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 Posted: Wed May 16th, 2012 06:32 am
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Khronos
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Man, I know I shouldn't have given away grandad's watch to that nice fellow who said it's just an old piece of junk and how he was happy to relieve me of it...

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 Posted: Wed May 16th, 2012 07:55 am
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Hammerfjord
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No a watch I drool for but I love the Patek.P movements in general.
The fact that Patek.P produces only around 30 000 watches/year makes those timepieces constantly appreciating in value over the years...
It's about 82 watches/day and 10 times less than Rolex.
The family heritage and great history behind this brand is also speaking from itself...

History of the Company
On May 1st, 1839 two Polish immigrants, Antoni Patek (Businessman) and François Czapek (Watchmaker) joined forces to found "Patek, Czapek & Cie" in Geneva.

In 1844, Patek met the French watchmaker, Jean-Adrien Philippe in Paris where the latter presented his pioneering stem winding and setting system by the crown.

In 1845, when Czapek decided to leave the company and to continue on his own, the company name changed to "Patek & Cie".

Later, in 1851 when Adrien Philippe officially became associated with the company, it was renamed "Patek Philippe & Cie", before changing once more in 1901 to "Ancienne Manufacture d’Horlogerie Patek Philippe & Cie, S.A.".

In 1932, the company was purchased by two brothers, Charles and Jean Stern, owners of a fine dial manufacture in Geneva. Since then, "Patek Philippe S.A." remains a family owned firm.

In 2009 the company presidency was officially transferred from the 3rd to the 4th generation : Thierry Stern became president and his father Philippe Stern, Honorary president.

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 Posted: Mon Jun 18th, 2012 11:12 am
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afc14284
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How I would love to be able to have one of those... They're certainly in a class above all the other brands....bravo.gif

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