Important Modern and Vintage Timepieces

Hong Kong, Jun 25, 2011

LOT 550

Patek Philippe, Ref. 2438-1 Second Generation Patek Philippe, Genève, movement No. 888137, case No. 2602737, Ref. 2438-1. Made in 1955, sold on July 11th, 1958. Extremely fine and rare, astronomic, center seconds, water-resistant, 18K yellow gold wristwatch with perpetual calendar, moon phases and a Patek Philippe/Gay Frères expandable 18k yellow gold bracelet. Accompanied by a fitted box and the Extract from the Archives.

HKD 1,500,000 - 2,000,000

USD 190,000 - 260,000 / EUR 135,000 - 180,000

Sold: HKD 2,960,000

C. Two-body, solid, polished, screwed-down case back, concave bezel, fluted lugs. D. Matte silver with applied yellow gold baton indexes, outer minute/seconds graduation, subsidiary dial for the date, apertures for the days of the week, the months and the moon phases. Yellow gold dauphine hands. M. 27-SC Q, stamped with the Geneva Quality mark, rhodium-plated, fausses cotes decoration, 18 jewels, straight-line lever escapement, monometallic balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, self-compensating Breguet balance spring, micrometer regulator. Dial, case and movement signed. Diam. 37 mm. Thickness 13 mm. Property of the Family of the Original Owner


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Grading System
Grade:
Case: 2

Very good
Movement: 2*

Very good

Overhaul recommended, at buyer's expense
Dial: 3-10-17-01

Good

Patinated

Slightly spotted

HANDS Original

Notes

Ref 2438-1 Production of this reference began in 1952 and ceased in 1963. It was the successor to Ref. 2497, with the same type of case, but water-resistant. - First series: in yellow gold with applied Arabic numerals, dauphine hands, fluted lugs, screwed back. - Second series: with applied baton indexes, dauphine hands, fluted lugs, screwed back. For similar watches, see "Patek Philippe Wristwatches", by Martin Huber and Alan Banbery, 1998, p. 285-287.