Patek Philippe - The Geneva Watch Auction: XIV Geneva Friday, November 5, 2021 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1954
    Reference No: 2499
    Movement No: 868’758
    Case No: 2´621’546
    Material: 18K yellow gold
    Calibre: Manual, cal. 13'', 23 jewels
    Bracelet/Strap: Special custom made 18K yellow gold bracelet (non Patek Philippe), max length 185mm, further accompanied by a leather strap
    Clasp/Buckle: 18K yellow gold folding clasp
    Dimensions: 37.5mm Diameter
    Signed: Case, dial and movement signed
    Accessories: Accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 1954 and its subsequent sale on November 1, 1962, 2 extra yellow gold links, further accompanied by a Gobbi Milano fitted box.

  • Catalogue Essay

    In the vintage watch collecting world, there are few watches as exciting as a fresh to the market, original family-owned and superbly preserved Patek Philippe reference 2499 second series. The present example ticks all the boxes and more.

    The watch was bought in the early 1960s by the father of the consignor in Lugano Switzerland. Upon returning back to Italy and wishing for a more refined and sophisticated look for his watch, the owner asked Gobbi Milano (which explains why the watch is accompanied by a Gobbi box) to design and make a gold bracelet that would enhance the watch’s elegance. For easy strap/bracelet exchange, holes were drilled into the lugs.

    The watch was worn with great care on special occasions and has spent over 20 years in a safe, unworn, which explains the incredible state of preservation. The case features strong proportions and crisp steps to the lugs. The dial is preserved in equally impressive unmolested condition with strong enamel signature and no visible imperfections or flaws. Even the original Plexi glass is still present.

    Reference 2499 is the second - and last vintage - serially produced perpetual calendar chronograph wristwatch with moonphases model launched by the brand. Introduced in 1950, it succeeded (and partly overlapped with) reference 1518 (1941-1954). Mechanically, it shares the same 13 lignes chronograph calibre with the addition of the calendar/moonphase module, based on a Valjoux ébauche heavily modified in-house. With this movement, Patek Philippe “institutionalized” an aesthetic language that has been since then employed on virtually all the models with this complication: an extremely balanced three-counter, two-window architecture which manages to convey the wealth of information given by the watch without feeling overly encumbered.

    So entangled is this line of timepieces with the history of the company, that it is the only line which has been in continuous production from its inception until nowadays, with five main models so far (1518, 2499, 3970, 5970 and 5270).

    While the present watch is a second series example, reference 2499 can be divided into four categories:

    First series watches feature square chronograph buttons, applied Arabic numerals and display a tachymeter scale on the dial.

    Second series watches, like the present example, feature round chronograph buttons, either applied baton or applied Arabic numerals and a tachymeter scale on the dial.

    Third series watches feature round chronograph buttons, applied baton numerals and outer seconds divisions.

    Fourth series feature round chronograph buttons, applied baton numerals, outer seconds divisions and a sapphire crystal.

    The present 2nd series ref 2499, fresh to the market and in an incredible state of preservation can be truly considered a "trophy watch".

  • 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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Ref. 2499
An extremely rare and well-preserved yellow gold perpetual calendar chronograph wristwatch with moonphases and associated bracelet

37.5mm Diameter
Case, dial and movement signed

CHF800,000 - 1,600,000 

Sold for CHF1,482,000

Contact Specialist

Alexandre Ghotbi
Head of Watches, Continental Europe and the Middle East Director

The Geneva Watch Auction: XIV

Geneva Auction 5 & 7 November 2021