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Important Modern & Vintage Timepieces

Geneva, May 14, 2017

LOT 551

PATEK PHILIPPE, REF. 1518, PERPETUAL CALENDAR CHRONOGRAPH YELLOW GOLD, SO CALLED "THE LUCKY 1518" Patek Philippe, Genève, No. 867757, case No. 661075, Ref. 1518. Made in 1949, sold in June 1951. Very fine and very rare, 18K yellow gold wristwatch with perpetual calendar, moon phases, square button chronograph, register and tachometer. Accompanied by the Extract from the Archives, service box and a Patek Philippe service invoice dated January 2016 in the amount of Euros 6'900.

Three-body, solid, polished and brushed, concave bezel and lugs, snap-on case back, 8 mm. winding crown. Satine silver with applied yellow gold Arabic numerals and round indexes, subsidiary seconds and 30-minute register dials, graduation for the days of the month at 6, outer 1/5th seconds track and tachometer graduation, apertures for the days of the week, the months and the moon phases. Yellow gold feuille hands. 13''', stamped with the Seal of Geneva quality mark, rhodium-plated, fausses cotes decoration, 23 jewels, straight-line lever escapement, cut bimetallic compensation balance with 8 adjustments, blued steel Breguet balance spring, swan-neck micrometer regulator.

CHF 200,000 - 300,000

HKD 1,600,000 - 2,400,000 / USD 200,000 - 300,000

Sold: CHF 389,000


Grading System
Grade:
Case: 2-8

Very good

Slightly scratched

Movement: 2

Very good

Dial: 2-01

Very good

HANDS Original


Notes

Dial, case and movement signed. DIAM. 35 mm. THICKNESS 14 mm. Property of the original Italian family, never appeared at auction Maintained in great condition by the family as can clearly be seen by the still present two clean hallmarks on the case and the mint dial, devoid from any chips or scratches. Having just completed a full overhaul at Patek Philippe Geneva less than a year ago, a great opportunity to acquire one of the best Patek's ever created and ready to wear. Kept by the owner hidden in the adjacent laundry room, the entire house was entirely ravaged by flames. Unfortunately the original certificate was destroyed, but the watch escaped unscathed from the ordeal, earning the nickname: "The lucky 1518"