Important Collectors’ Wristwatches, P...

Hong Kong,the Ritz Carlton Hotel,harbour Room, 3rd Floor, Jun 02, 2007

LOT 308

Ref. 2526, White Gold "Silver Dial & Diamond Indexes? Patek Philippe, Genève, No. 762700, case No. 688740, Ref. 2526. Made in 1955, sold on October 31st, 1956. Exceptionally fine and extremely rare, water-resistant, self-winding, 18K white gold gentleman's wristwatch with silver diamond-set dial and an 18K white gold Patek Philippe tile-link bracelet. Accompanied by the Extract from the Archives.

HKD 1,200,000 - 1,400,000

USD 160,000 - 185,000 / EUR 120,000 - 140,000

C. Two-body, solid, polished and brushed, screwed-down slightly domed case back. D. Matte silver, round and baguette-cut diamond indexes, outer engraved dot minute indexes, subsidiary seconds. White gold "dauphine" hands. M. Cal. 12'''-600 AT, stamped twice with the Seal of Geneva Quality Mark, rhodium-plated, "fausses côtes" decoration, 30 jewels, straight-line lever escapement, Gyromax balance adjusted to heat, cold, isochronism and five positions, self-compensating Breguet balance spring, shock-absorber, swan neck micrometer regulator, 18K yellow gold rotor. Dial, case, and movement signed. Diam. 35 mm. Thickness 12 mm. Property of an Italian Gentleman


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Grading System
Grade:
Case: 3

Good

Movement: 3*

Good

Overhaul recommended, at buyer's expense

Dial: 3-01

Good

HANDS Original

Notes

Patek Philippe Ref. 2526.
This reference was produced in approximately the following quantities:
- 20 examples in platinum.
- 30 examples in white gold.
- 50 examples in pink gold.
- 480 examples in yellow gold.

PFirst launched by Patek Philippe in 1953, this was the first self-winding wristwatch model ever made by the company, with the caliber 12'''- 600 AT, bearing the serial number 760,000. It would appear that Patek Philippe produced the Ref. 2526 in 580 examples, mostly with an enamel dial. The latest automatic movement by Patek Philippe at the time, it became the Ref. 3428. The Ref. 2526 is a most appealing wristwatch and is highly sought-after by collectors. There have been four generations of this model which have evolved as follows:

>- 1st generation: domed screw back, beige enamel dial with applied indexes. The enamel is flared around the holes which hold the indexes, the central hands and the subsidiary seconds hand.

- 2nd generation: domed screw back, beige enamel dial with applied indexes. The indexes are inlaid in the enamel surface; the enamel is flared around the holes which hold the central hands and the subsidiary seconds hand. In this particular series, only a very few examples were made with a black dial and even fewer with Breguet numerals.

- 3rd generation: identical to the 2nd generation but with a practically flat screw back. Very few examples of this series were produced with a black dial, and only one with a black dial and Breguet numerals is known to date.

- 4th generation: practically flat screw back, beige enamel dial with applied indexes. The indexes are luminescent and inlaid in the enamel surface; the enamel is flared around the holes which hold the central hands and the subsidiary seconds hand. The very first wristwatch of this series, Ref. 2526, which is also the first self-winding wristwatch ever made by Patek Philippe, is illustrated in "Collecting Patek Philippe Watches,? by Madeleine and Osvaldo Patrizzi, Guido Mondani Editore, Genova, 2000, p. 127. Similar watches are published in "Patek Philippe Wristwatches,? by Martin Huber & Alan Banbery, 1998, pp. 213-214 and 216-217. For this reference, Patek Philippe offered the choice of 9 different types of gold bracelet. In different colors of gold or in platinum, they were designated by letters from A, B, C, D, E, F, G, H and K and were made by Gay Frères and Ponti Gennari.