Patek Philippe - The New York Watch Auction: XI New York Saturday, December 7, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: 1945
    Reference No: 570
    Movement No: 927’469
    Case No: 630’216
    Model Name: Calatrava “Serpico y Laino”
    Material: Stainless steel
    Calibre: Manual, cal. 12’’’120, 18 jewels
    Bracelet/Strap: Leather
    Clasp/Buckle: Stainless steel
    Dimensions: 36mm Diameter
    Signed: Case, dial, and movement signed. Dial further signed Serpico y Laino.
    Accessories: Accompanied by Patek Philippe Extract from the Archives confirming production of the present watch in 1945 and its subsequent sale on December 27th, 1945.

  • Catalogue Essay

    Reference 570 was Patek Philippe's very first "large" Calatrava model that was produced in series. At the time of production, the reference was the largest time-only wristwatch produced by the firm. Manufactured from 1938 to 1972, the model was cased predominantly in yellow gold, and rarely in pink gold, white gold, stainless steel and platinum. The reference featured a multitude of dial variations. While some were fitted with Breguet numerals, others were two-tone in design. A total of 23 570s in stainless steel have appeared publicly.

    Only three reference 570s signed by the vaunted Venezuelan retailer were previously known to the market, two in 18K pink gold and one in 18K yellow gold. The present example is the first stainless steel 570 signed Serpico y Laino to appear on the market, fitted with a stunningly aged Arabic-dot two-tone dial with railway track remaining completely original and unrestored. An exceptionally dynamic combination, it is ensconced in a likely unpolished case, with a sharply defined bezel and full lugs, giving it unprecedented appeal on the wrist beyond its 36mm case size.

    The present watch was purchased directly from the widow of the original owner in Venezuela, making this "two-owner" watch highly desirable for its unique aesthetics and originality.

  • 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.

    View More Works

145

Ref. 570
A fresh-to-the-market, striking, and extremely rare stainless steel wristwatch with two-tone dial, subsidiary seconds, retailed by Serpico y Laino

1945
36mm Diameter
Case, dial, and movement signed. Dial further signed Serpico y Laino.

Estimate
$30,000 - 60,000 
CHF26,700-53,400
€28,600-57,200
HK$233,000-467,000

Sold for $82,550

Contact Specialist

Paul Boutros
Deputy Chairman, Watches, Head of Watches, Americas
+1 (212) 940-1293
watchesny@phillips.com

Isabella Proia
Head of Sale, New York
+1 (212) 940 1285
iproia@phillips.com

The New York Watch Auction: XI

New York Auction 7 - 8 December 2024