Patek Philippe - The Hong Kong Watch Auction: XV Hong Kong Monday, November 28, 2022 | Phillips

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  • Manufacturer: Patek Philippe
    Year: 1950
    Reference No: 565
    Movement No: 965’745
    Case No: 657’168
    Model Name: Calatrava
    Material: 18K yellow gold
    Calibre: Manual, cal. 12”’120, 18 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K yellow gold Patek Philippe pin buckle
    Dimensions: 35mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Delivered with a Patek Philippe Extract from the Archives confirming the date of manufacture of the present timepiece in 1950 and its subsequent date of sale on 6th June 1950.

  • Catalogue Essay

    One of the most handsome of its time, the Patek Philippe ref. 565 was first released in 1938 and discontinued in 1952 being the firm’s first large waterproof wristwatch featuring a two-piece case with a screwed down caseback. While its appeal is somewhat elegant and destined for the red carpet, the robust construction of the case including an additional dust cover beneath the caseback was implemented to protect the movement against humidity and magnetism, also referred to as “amagnetic”.

    First released with cal. 12”’120 featuring small seconds, the caliber was upgraded in 1950 with cal. 12”400. Another variant featuring center seconds was introduced shortly after the introduction of the reference. Identifiable via key no. 11, the two-piece screwed down case was made by master casemaker Taubert.

    The present example ref. 565 in yellow gold from 1950 fitted with cal. 12”’120 is one of the last examples before the transition to cal. 12”’400. Extremely attractive and highly desirable, it is fitted with one of the most valuable dial variants featuring applied gold Breguet numerals. Not only is it rare, the state of preservation of the present timepiece is one of the most impressive seen in recent times. Fresh-to-the-market, the present ref. 565 is the 14th example to appear in the market with the caliber 12”’120 . Boasting a clean dial with desirable raised enamel signature, the case features strong bevels as well as two crisp and deep hallmarks. Further delivered with a Patek Philippe Extract from the Archives confirming its production in 1950, this is a fantastic opportunity for collectors of fine vintage timepieces to acquire a rare, desirable and well-preserved example of the coveted ref. 565 in yellow gold.

  • 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. 565
A very fine, attractive and rare yellow gold wristwatch with small seconds and applied Breguet numerals

35mm diameter
Case, dial, movement and buckle signed

HK$200,000 - 350,000 

Sold for HK$441,000

Contact Specialist

Thomas Perazzi
Head of Watches, Asia
+852 2318 2001

The Hong Kong Watch Auction: XV

28 - 29 November 2022 (Online Registration ends 27 Nov, 2pm HKT)