Important Modern and Vintage Timepieces

Hong Kong, Jun 25, 2011

LOT 549

Patek Philippe - Ref. 2508 - Pink Gold Luminous Dial ? Serpico Y Laino Patek Philippe, Genève, movement No. 703192, case No. 679211, Ref. 2508. Made in 1954, sold on August, 1954. Very fine and rare, water-resistant, center seconds, 18K pink gold wristwatch with an 18K pink gold buckle. Accompanied by the Extract from the Archives.

HKD 140,000 - 180,000

USD 18,000 - 23,000 / EUR 13,000 - 17,000

Sold: HKD 181,250

C. Two-body, solid, polished and brushed, screwed-down case back, inclined bezel, concave lugs, dust protection cap. D. Two-tone silver with applied luminous pink gold baton indexes, outer minute/seconds divisions. Luminous pink gold dauphine hands. M. Cal. 27-SC, rhodium-plated, fausses cotes decoration, 18 jewels, straight line lever escapement, cut bimetallic balance, shock absorber, self-compensating Breguet balance spring, swan neck regulator. Dial, case and movement signed. Diam. 35 mm. Thickness 11 mm.


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Grading System
Grade: AAA

Excellent
Case: 3

Good
Movement: 3*

Good

Overhaul recommended, at buyer's expense
Dial: 2-01

Very good

HANDS Original

Notes

Unknown until today, this watch is appearing at auction for the first time. Purchased new by the owner?s father, the watch was treated with the utmost care over the years, being worn only on rare occasions. While the extract clearly states the watch was delivered on a leather bracelet, the extremely rare expandable Gay Frères bracelet (also signed Patek Philippe) is of the period, being dated 3.1957. It is likely that shortly after the purchase the owner returned to Patek Philippe to order a gold bracelet (for examples of a similar bracelet in steel see "Steel Patek Philippe" by John Goldberger, pg 432). The case has remained in virtually unused condition, exhibiting a superb step-down on the lugs and crisp, clear hallmarks to the sides of the lug and case. The inside of the caseback is also free from any watchmaker's mark, indicating that this watch may indeed never been serviced. Even more desirable than the reference 2497 due to its waterproof qualities, this example is sure to delight Patek enthusiasts