Patek Philippe - Hong Kong Watch Auction: THREE Hong Kong Monday, November 28, 2016 | Phillips
  • Manufacturer: Patek Philippe
    Year: 1954
    Reference No: 2524/1
    Movement No: 861'495
    Case No: 2'604'979
    Material: 18k yellow gold
    Calibre: Mechanical, 12''', 29 jewels by Fritz Piguet
    Bracelet/Strap: Black Patek Philippe crocodile leather strap
    Clasp/Buckle: 18k yellow gold Patek Philippe buckle
    Dimensions: 34 mm. diameter
    Signed: Case, dial and movement signed, dial further signed Tiffany & Co.
    Accessories: With Patek Philippe Extract from the Archives confirming production of the movement of the present watch in 1954, encased in 1961 and its subsequent sale on 3 March 1961.
    Literature: For another example of a reference 2524/1, please see Patek Philippe Museum Patek Philippe Watches, Volume II, page 320.

  • Catalogue Essay

    Phillips in association with Bacs and Russo is delighted to present to you with the famous and reunited pair of exceptional, unique and historically important minute repeating wristwatches. Manufactured by Patek Philippe, the first example is the only known reference 2524/1 to be retailed by the prestigious firm of Tiffany & Co. The second example is not only a unique reference and the only one of its kind, but is also retailed by Cartier in 1950. Both watches have been retained in the upmost original condition, having never been polished. It is hard to express the beauty one is filled with when looking first hand at each watch. Purchased individually on the market, the astute Asian collector, who shares the demanding qualities of the original owner, has unified the pair of watches once again.

    Each watch would appear to be designed to specific requirements. Both watches are fitted with an oversized repeating trigger. Both watches have blackened hands and numerals and the reference 2419 is fitted with a huge 7 mm. crown. The cases of both watches are incredibly crisp and made by the same case maker, Emile Vichet, and retain all original gold marks to its best extent.

    Patek Philippe manufactured their first minute repeating wristwatch in 1901 and there exists 6 various references of vintage minute repeaters known with different case sizes, metals and dial configurations. The reference 2419 was manufactured in 1948 and is a unique piece. In addition to its unique case design, the bridge design of the movement ebauche has not been previously documented and is the only caliber of its kind. The reference 2524/1, introduced in 1955 with around 20 pieces known in three gold colours and platinum, is also fitted with a caliber 12’’’ made by Fritz Piguet.

    We are thrilled to be given the opportunity and trust to offer these uber rare timepieces together in a unprecedented fashion. Every aspect and detail of this pair of minute repeating wristwatches and their exceptional original condition render them two of the most important minute repeaters to be offered together at auction.

    The reference 2524/1 was introduced in 1955 and was in production until the late 1960s. This reference differs slightly from the reference 2524/1 as it is fitted with less prominent lugs. The movement in this minute repeater is stamped HOX, indicating the movement was for export to the American market. The watch was manufactured in 1954 and sold in 1961. The inside case back bears no watchmaker's engraving at all and is stamped with a '9' inside a key, indicating Emile Vichet was the case maker. The caliber 12''' RM was made by Fritz Piguet and its dial is signed Tiffany & Co. The present reference 2524/1 wristwatch is the only known example to be retailed by Tiffany & Co.

    Tiffany & Co. was founded in 1837 and started to retail Patek Philippe in 1854. Tiffany & Co. is Patek Philippe's longest retailer and has helped the Swiss firm dominate the American market for over 160 years.

    Offered in incredibly original condition, the case has not been polished. The dial is exceptional, the gold marks are as crisp as they can be and the watch is fitted with a large oversized repeating trigger. Consigned by a prominent and astute Asian collector, Phillips is thrilled to bring this watch back to market once more.


    富藝斯連同Bacs and Russo獲得亞洲重要的私人藏家委託,非常榮幸呈獻以下兩枚鐘錶史上極度罕有且十分重要的百達翡麗古董三問時計。第一枚是型號2524/1,同型號中唯一一枚由蒂芬尼出售;第二枚是百達翡麗獨一無二的腕錶,型號2419,由卡地亞出售。兩枚精品時計帶有濃厚的古典之美,品相良好,錶殼印記完整。一對經典的古董三問精品,同時現身拍賣會,實為錶迷一大福音。

    根據種種資料,專家團隊推測兩枚腕錶應該是同一位尊貴客戶向百達翡麗特別訂製的,因為:兩枚錶都是較大尺寸的三問裝置;兩枚錶都是獨特的黑色劍針和黑色時標設計。兩枚時計的錶殼是由知名的天才匠人Emile Vichet製成,所有的錶殼印記皆清晰可見。

    百達翡麗的三問腕錶品質優良、歷史悠久,第一枚百達翡麗三問腕錶生產於1901年,而根據錶殼尺寸、材質和錶盤配置的不同,還有6種古董三問時計型號。本場推出1948年製的百達翡麗型號2419三問時計不僅是孤本,並搭配了獨一無二的機芯設計,極為罕見。1955年製的百達翡麗型號2524/1三問時計,美麗經典的燒青字面盤,搭配Fritz Piguet 大師製作的12法分機芯,連同鉑金等其他材質約生產了20枚,但由蒂芬尼出售的僅此一件。


  • 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. 2524/1
A historically important and unique yellow gold minute repeating wristwatch with oversized repeating trigger, blackened hands and numerals, retailed by Tiffany & Co.

34 mm. diameter
Case, dial and movement signed, dial further signed Tiffany & Co.

HK$3,200,000 - 6,500,000 

Sold for HK$4,040,000

Hong Kong Watch Auction: THREE

Hong Kong Auction 29 November 2016