Patek Philippe - The Hong Kong Watch Auction: SIX Hong Kong Monday, May 28, 2018 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1957
    Reference No: 2526
    Movement No: 764'626
    Case No: 2'601'172
    Material: 18K pink gold
    Calibre: Automatic, cal. 12-600, 3o jewels, stamped twice with the Geneva seal
    Bracelet/Strap: Leather
    Clasp/Buckle: 18K pink gold Patek Philippe pin buckle
    Dimensions: 35mm Diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 1957 with enamel dial and lapped gold indexes and its subsequent sale on August 21, 1958

  • Catalogue Essay

    Reference 2526 in a landmark model in the history of Patek Philippe, being not only one of the first automatic Patek Philippe references but also featuring a screw back. The screw back case is a sporty feature very unusual to be found in Patek Philippe wristwatches, as the brand has been historically focused on high-end complicated timepieces, which at the time were never waterproof as the owner would never imagine to go swimming with such watches (there are however exceptions to this rule: see lot 864 - PP2438). The automatic movement cal. 12-600 is, this time completely abiding to Patek Philippe canons, a pinnacle of watchmaking, still considered today one of the best automatic movements ever made. This is because Patek Philippe, like all other manufacturers, could not use a rotor to create automatic movements until the Rolex patent on it expired. Instead of opting for less optimal solutions (bumper rotors, hinged-lugs winding etc.), they focused on R&D for about two decades, waiting for the expiration. Cal. 12-600 is the result of this endeavour.

    Reference 2526 can be divided into four series:
    1st series, featuring enamel dial with flared holes for the numerals and domed back
    2nd series, featuring enamel dial without flared holes for the numerals and either domed or flat back - exemplified by this match
    3rd series, featuring metal dial and flat back
    4th series - the very last examples of reference 2526 feature the final evolution of caliber 12-600: cal. 27-460, thus they are identical to upcoming reference 3428 (which is identical to reference 2526, but with cal. 27-460), save for the reference number.

    The enamel dial present on 1st and 2nd series 2526 is also part of the reason why this reference is so appreciated. Incredibly complex to produce - legend has it that for one dial made, nine were discarded - and equally expensive - that’s why third series piece do not mount it anymore - it is distinguished by a very specific eggshell/light cream tone unmistakable by connoisseurs of the brand.

    Realized in yellow gold, pink gold, white gold and platinum, reference 2526 was in production during the 1950s, with some pieces sold well into the sixties. Pink gold examples such as the present one are much rarer than their yellow gold siblings. An enamel dial, pink gold 2526 is without a doubt at the top of the list of the most serious Patek Philippe collectors not only due to its technical proficiency and historical importance, but also thanks to its extreme versatility and wearability.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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977

Ref. 2526
An extremely fine, very rare and highly attractive pink gold automatic wristwatch with enamel dial

1957
35mm Diameter
Case, dial, movement and buckle signed

Estimate
HK$400,000 - 640,000 
€44,000-70,500
$51,300-82,100

Sold for HK$400,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001
thomasperazzi@phillips.com

Ziyong Ho
Specialist
+852 9386 2032
ziyongho@phillips.com

Jill Chen
Specialist
+852 2318 2033
jillchen@phillips.com

The Hong Kong Watch Auction: SIX

Hong Kong Auction 29 May 2018