One of the most exciting watch auctions of the year is coming to Geneva in November and it’s bringing with it some of the rarest watches in the world, including a series of legendary Patek Philippes.
For the first time ever, an auction will bring together all of the case material configurations of the historical Patek Philippe reference 1518. Only a total of 281 examples were ever made and the 3 configurations include yellow gold and pink gold but the most sought after of the collection, however, is made of stainless steel and only 4 are known to be in existence.
The 1518 is the world’s first perpetual calendar chronograph that was produced in series and the provenance, originality, and immaculately well-preserved condition of the timepieces has led experts to estimate the value of the stainless steel variant in excess of £2m whereas the yellow gold and pink gold have been valued at around £250,000 and £500,000 respectively.
The Patek Philippes certainly provide the centrepiece of the auction but that’s not to say that there isn’t a host of other interesting and valuable timepieces available at auction.
There are also a number of highly desirable Rolexes, such as a 1951 wristwatch fitted with a spectacular cloisonné dial depicting a dragon. Rolexs fitted with these dials are considered some of the world’s most desirable watches and the uniqueness of this example could see it reach around £800,000.
Other notable Rolexes include “The Perfect Rose”, a stunning rose gold watch produced in the 1940s and considered amongst the rarest pre-oyster chronograph, as well as a “James Bond” Submariner 4-Liner which currently holds the record for the highest price ever realised at auction for a Submariner.
Both watches are estimated to fetch between £250,000-£500,000 at the auction taking place in November and interest is high, due to the rarity of timepieces such as these appearing at auction.
Another fantastic lot is a Omega Speedmaster Professional, “Alaska II” Project watch, built in 1970, it is one of only 3 ever made and was part of Omega’s secret project to construct the perfect space watch.
One of the 3 watches is held in Omega’s own museum, which shows the high regard in which the watches are held and why they have gained a reputation as the holy grail Speedmaster. The watch also coming with a red anodised aluminum case which was designed to serve as a protective heat shield.
All of these watches and more will be auctioned by Phillips at the Geneva Watch Auction: Four following a tour of Hong Kong, New York and London.
Hong Kong 1 – 5 October
New York 14 – 17 October
London 22 – 24 October
The Geneva Watch Auction: Four will take Place in Geneva on 12 & 13 November 2016
William George are currently running a luxury watch online timed auction featuring brands such as Cartier, Breitling, Omega and more, find it here.
Bidding ends 8pm Wednesday 12th October.