Patek Philippe ref 2523/1 to fetch most sensible bids at Geneva Watch Auction XII

Late November 2019, a double-signed purple gold Patek Philippe ref. 2523 with a blue teeth dial turned into one of the crucial pricey watches on the earth. To date, it’s nonetheless the most costly watch to be auctioned in Asia This November, Phillips public sale space and Bacs & Russo, are  providing a identical style – a rose gold Patek Philippe reference 2523/1, an “extraordinarily uncommon double-crowned international time style with guilloché dial.”

With a blue teeth dial signed through Milan store Gobbi, the Patek Philippe ref. 2523 hammered for just about US$nine million, breaking the former file holder for “costliest watch offered at public sale in Asia” when it beat the former name holder soundly through greater than double – a purple gold Patek Philippe “Tiffany & Co.” which offered for US$three million.

“Its impeccable state of preservation and very good dial make this reference 2523/1 one of the crucial fascinating watches to have left the ateliers of Patek Philippe,” – Aurel Bacs and Alex Ghotbi

This newest “extraordinarily uncommon double-crowned international time style with guilloché dial” rose gold Patek Philippe reference 2523/1, is without doubt one of the lot of top finish watches to be auctioned at the Bacs & Russo November 6 – 7 “Geneva Watch Auction: XII” sale on the Hôtel La Réserve. With an estimate of $2.1 million – $4.three million, Aurel Bacs, senior advisor of Bacs & Russo and Alex Ghotbi, head of Watches Continental Europe & Middle East, are calling the Patek Philippe Reference 2523/1 each an icon and a milestone.

The Patek Philippe ref. 2523 enjoys super provenance. Legend has it that during 1876 after lacking a teach in Ireland, Scottish railroad engineer Stanford Fleming started to search for a strategy to standardise time. Speaking ahead of the Royal Canadian Institute in Toronto in 1879, he proposed to divide the Earth into 24 time zones of 15° each and every, one hour aside with a common time for each and every particular person zone. His thought used to be met with really extensive resistance from governments and clinical communities however his endurance paid off when his modern thought as in the end followed in 1884 in Washington, when the 25 countries collaborating within the International Meridian Conference made up our minds that the high meridian of 0° longitude would move via Greenwich, England.

The adoption of Fleming’s 24  time zone same old necessitated a brand new attainable for reckoning time on a unmarried dial. Fleming commissioned an eye fixed producer in London to build a novel pocket watch that might appropriately mirror his proposal, and so used to be born the “Cosmic Time” pocket watch. making his “Cosmic Time” pocket watch the sector’s first international time watch as we comprehend it.

World time watch appeared of little passion to watchmakers till genius watchmaker Louis Cottier designed a pocket watch motion that includes an area time with hour and minute fingers at middle, connected to a rotating 24hour ring, and bordered through a set outer dial ring with the names of various towns inscribed on it. The international time pocket watch, the progenitor for all international time watches, displayed each time zone on the earth concurrently, all of the whilst permitting simple and correct studying of native time, and all on a unmarried dial.

Cottier miniaturised his invention within the past due 1930s, showing at the Patek Philippe reference 1415, a unmarried crown style with its bezel engraved with towns to be switched manually. By 1953, the Patek Philippe reference 2523 featured a brand new two-crown device, one for winding the watch and the opposite at nine o’clock controlling the town disc. Two variations have been to be had, reference 2523 with greater lugs sitting above the bezel and reference 2523/1 with a barely greater diameter and thinner lugs now not sitting above the bezel.

When offered to the marketplace this new double crown international time watch  used to be now not a industrial good fortune leading to only a few items manufactured. Hence, this exemplar is one out of the 4 identified reference 2523/1 in rose gold with guilloché dial, with one is within the Patek Philippe museum and any other two in personal European collections for greater than 15 years. Suffice it to mention, one thing like this Patek Philippe ref. 2523 in untouched, ever-so-slightly time ravaged situation is a rarity and anticipated to fetch a good sale worth.

Other decided on Top Patek Philippe watches from the Geneva Watch Auction XII

Why Lot 146 – Patek Philippe, Ref. 130 chronograph in stainless-steel – is Alex Ghotbi’s selection

Sector dials have been apparently now not very talked-about taking into consideration the very brief time frame all through which they have been made (between the mid-1930s to the early 1940s) however their desirability has been on the upward push for the previous decade with now not most effective the large call for for antique watches but in addition fashionable re-iterations through manufacturers. There is a je ne sais quoi with the existing Patek Philippe Ref. 130 in metal from 1937 this is each poetic and powerful. Offered through the circle of relatives of the unique proprietor, this watch used to be at the start dropped at France, the rustic the place it resided its complete lifestyles till it used to be consigned to Phillips for the existing sale – a tale showed through the dial signed “FAB. SUISSE”, denoting that the watch used to be dropped at France. Having stayed in France for 83 years, it’s the first time the watch is leaving the rustic to return again to Switzerland. The 33mm case with its lengthy and thick lugs provides the watch a lot more wrist presence than the true measurement counsel.

Why Lot 70 – Patek Philippe, Ref. 96 with black dial sector dial signed through Milan store Eberhard – is Marcello de Marco’s selection

I bear in mind after I first noticed this timepiece. I used to be instructed that I’d be proven “one thing it’s possible you’ll revel in”, however the immediate I laid my eyes at the watch, truth surpassed expectancies through a good margin. The Reference 96 is definitely one of the crucial sublime watches ever created. Its easy case traces have been conceived following the Bauhaus guiding principle “shape follows serve as”, rendering it a masterpiece of business design because of the exceedingly natural and frill-less structure. Already an especially sexy and collectible piece, some early examples – equivalent to the existing piece – have been retro-fitted with oblique middle seconds, raising their enchantment well past the “same old” model. So, after I got here throughout an oblique centre seconds, stainless-steel, completely preserved reference 96 with an immensely sexy, up to now unseen and completely showed black sector dial, I used to be merely blown away. The subtlety of this timepiece could also be an element that makes it – for me – one of the crucial interesting proposals within the sale: whilst it could be in all probability pushed aside as beside the point through the layman, this watch would command the very best recognize and admiration from crucial creditors and connoisseurs of the logo. Truly, I in finding this to be some of the largest appeals of top-end antique Patek Philippe collector’s items, a class completely epitomised through this exceptional discovery.

Why this Patek Philippe 5531 international time minute repeater is Luxuo’s selection

Uniting two of Patek Philippe’s most well liked headaches in a single beautiful grand complication watch, this purple gold Patek Philippe ref. 5531 international time minute repeater with cloisonné teeth dial representing Lake Geneva  is reasonably most probably the one considered one of its type. With an estimate $544,306 – $1.1 million, this Reference 5531 dressed with matching purple gold bracelet is the primary time it’s been observed at public sale.

 

 

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