Audemars Piguet - The Royal Oak 50th Geneva Friday, May 6, 2022 | Phillips

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  • Manufacturer: Audemars Piguet
    Year: 1989
    Reference No: 25654ST
    Movement No: 294'173
    Case No: C19665.172
    Model Name: Royal Oak Perpetual Calendar
    Material: Stainless steel
    Calibre: Automatic, cal. 2120/2800, 38 jewels
    Bracelet/Strap: Stainless steel Audemars Piguet bracelet, max length 195mm
    Clasp/Buckle: Stainless steel Audemars Piguet deployant clasp
    Dimensions: 39mm Diameter
    Signed: Case, dial, movement and bracelet signed
    Accessories: Accompanied by original guarantee, second mother of pearl dial, service papers, additional link, key, travel box, product literature, setting pin, fitted watch winder and outer packaging. Further accompanied by Audemars Piguet and Phillips in Association with Bacs & Russo co-signed Royal Oak 50th Anniversary Attestation.
    Literature: Reference 25654 and the caliber 2120/2800 are illustrated in Audemars Piguet, Collector Book, Calendar Watches by Sebastian Vivas and Michael L. Friedman, pp. 50-70 published by Audemars Piguet Heritage Department.

  • Catalogue Essay

    Reference 25654 replaced the first Royal Oak Perpetual calendar reference 25554 in 1987 and was produced until 1998 in 315 pieces in steel, 430 pieces in yellow gold, 68 pieces in steel and yellow gold and 38 in platinum. It differs from its sibling for a slightly thicker case thickness (8.25mm vs the 7.5mm of ref. 25554) meant to improve its water resistance capabilities.

    The present reference 25654ST is a must have for any Royal Oak collector as it ticks many boxes that make collectors' hearts beat faster: it is not only part of the earlier series of perpetual calendar Royal Oak models made in only 315 pieces in steel but it also is in absolutely stunning condition. A time capsule, it was made in 1989 and is offered complete with winding box, certificate of guarantee, setting pin and service papers dating from 2016.

    The excitement doesn't stop here, as the watch is furthermore accompanied by an extremely rare mother of pearl dial with blue accents found in the full platinum models enabling the watch to change appearances, going from a contemporary monochrome to sleek elegance, depending on which dial is mounted.

    A portion of the proceeds will be donated to Goodwill Caravan, a non governmental organization that supports and protects refugee children, with a current focus in Ukrainian refugees

  • Artist Biography

    Audemars Piguet

    Swiss • 1881

    A specialist in the manufacture of complications since it was established in 1881, Audemars Piguet never ceases to impress with a rich history of creating bold, even audacious, timepieces underpinned by traditional watchmaking at its finest. This Le Brassus-based Swiss manufacturer is one of only two major manufacturers still owned by the founding family. Since its earliest days, AP is considered a leader in the field of minute repeaters and grande complication pocket and wristwatches. The brand is devoted to preserving the history of watchmaking in the Vallée de Joux, showcased at their superb museum in Le Brassus.

    Today, the brand is best known for its Royal Oak models, a revolutionary luxury sports watch launched in 1972. Other key models include early minute repeating wristwatches, vintage chronograph wristwatches, such as the oversized reference 5020, perpetual calendar watches and the Royal Oak Offshore, first introduced in 1993.

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Ref. 25654ST
A fine and rare stainless steel perpetual calendar wristwatch with bracelet, moonphases and additional mother of pearl dial, fitted watch winder and guarantee

39mm Diameter
Case, dial, movement and bracelet signed

CHF70,000 - 140,000 

Sold for CHF327,600

Contact Specialist

Alexandre Ghotbi

Head of Watches, Continental Europe and the Middle East

+41 22 317 81 81


Virginie Liatard-Roessli
Head of Sale, Specialist
+41 76 338 91 03

The Royal Oak 50th

Geneva Auction 6 May 2022