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  • Manufacturer: Patek Philippe
    Year: 1977
    Reference No: 2499
    Movement No: 869'467
    Case No: 2’700’425
    Material: 18K yellow gold
    Calibre: Manual, cal. 13’’Q, 23 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe pin buckle
    Dimensions: 37.5mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Accompanied by Patek Philippe Certificate of Origin dated 16th November 1978 stamped by Patek Philippe Geneva, fitted presentation box and outer packaging. Further delivered with Patek Philippe Extract from the Archives confirming its date of manufacture of the present timepiece in 1977 and its subsequent date of sale on 16th November 1978.

  • Catalogue Essay

    Every collector has the ultimate coveted piece that stands above all the rest in their heart, often rare and almost unattainable, these grails are considered to be the pinnacles of collecting amongst the community. Widely regarded as one of the greatest timepieces designed by Patek Philippe, the reference 2499 is one of such timepieces that holds the repute. This serially-produced manual-winding perpetual calendar chronograph complication is quintessential Patek. Produced from 1950 until 1985 as a successor of the prestigious reference 1518, only 349 pieces were ever made with an average of 9 pieces per year, spanning across four metals with the rarest being platinum and four distinct series of evolution.

    The present example from 1977 is part of the last production from the third series just before its transition. It is believed that about 120 pieces were manufactured amongst this series with most in yellow gold, and less than a dozen in pink gold and white gold. Encased in an attractive yellow gold case made by the celebrated casemaker, Wenger, identifiable by the No.1 key mark stamped on the inside caseback, and fitted with a beautiful silvered satin finish gold hard enamel dial, this specimen is preserved in an appealing condition and deemed to be a profound piece.

    Previously offered by the family of the original owner, it is the second time that the present example is offered publicly. PHILLIPS is delighted to offer the present example to the astute collectors in Hong Kong this Spring. Furthermore, it is delivered with its original certificate and a Patek Philippe Extract from the Archives affirming its production, and its presentation box. It is a fantastic opportunity and one not to miss to possess a gem in Patek Philippe’s history.

  • 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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Property from an Important European Collector

Ο Σ1029

Ref. 2499
An important, very rare and extremely fine yellow gold perpetual calendar chronograph wristwatch with moon phases, Certificate of Origin and presentation box

1977
37.5mm diameter
Case, dial, movement and buckle signed

Estimate
HK$3,100,000 - 4,600,000 
€328,000-487,000
$397,000-590,000

Sold for HK$5,544,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2031
[email protected]

The Hong Kong Watch Auction: XII

Hong Kong Auctions 5-6 June 2021