Important Watches
Geneva, Mar 20, 2010
LOT 229
Patek Philippe Ref. 5125P, limited Platinum For Wemp e Patek Philippe, Genève, retailed by Wempe, No. 079/ 100, movement No. 3360451, case No. 4215658, Ref. 5125P. Made in a limited edition of 100 pieces in 2003 to commemorate Wempe?s 125th anniversary. Sold on August 19th, 2003. Very fine and very rare, center-seconds, self-winding, water- resistant platinum wristwatch with semi-instantaneous digital triple date annual calendar, moon phases and 24 hour indication, with a platinum Patek Philippe deployant clasp. Accompanied by a wooden fitted box, additional solid platinum case back, booklet with inside a sterling silver medal, setting pin and Certificate of Origin.
CHF 62,000 - 77,000
USD 57,000 - 70,000 / EUR 42,000 - 53,000
Sold: CHF 90,000
C. Three-body, solid, polished and brushed, screwed-down transparent case back and crown, case back engraved "Patek Philippe - 125 Jahre Wempe", protected screw-down winding crown, concave lugs, sapphire crystals. D. Black with applied white gold baton indexes, subsidiary dial for the 24-hour indication, apertures for the date, the days of the week, the months and the moon phases. White gold dauphine hands. M. Cal. 315-203, stamped with the Seal of Geneva Quality Mark, rhodium-plated, fausses cotes decoration, 35 jewels, straight line lever escapement, free-sprung Gyromax balance adjusted to heat, cold, isochronism and 5 positions, shock absorber, selfcompensating flat balance spring, 21K gold rotor. Dial, case and movement signed. Diam. 37 mm. Thickness 11.5 mm.
| Grading System | |
|---|---|
Grade: |
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Case: 1 |
As new |
Movement: 1 |
As new |
Dial: 1-01 |
As new HANDS Original |
Notes
- 125 examples in 18K yellow gold
- 125 examples in 18K white gold
- 125 examples in 18K pink gold
- 100 examples in platinum.
Wempe In 1878, with 80 Marks in his pocket, young watchmaker Gerhard D. Wempe opened a watch and jewelry business in the German town of Elsfleth, close to Bremen. Business went well and in the years to come the young entrepreneur moved to Oldenburg and then to Hamburg, where he established the company's flagship store in 1907. By 1914 Wempe had opened 4 more stores in Hamburg, but with World War I sales dropped considerably. Upon Gerhard D. Wempe's death in 1921, his son Herbert took over, concentrating on exclusive connections to Swiss watch brands like Omega and Longines and extending the business, in 1938 buying the famous ?Hamburger Chronometer Werke?, an important manufacturer of ships? chronometers, producing high precision nautical instruments.
In 1945 the company?s management was handed over to a trustee, and in 1951, Helmut, the 19 year-old son, took over the business. By 1953 Wempe again had 5 stores in Hamburg, and by the 1960?s there were stores in several other German cities as well. In 1980 Wempe opened its US flagship store on New York?s Fifth Avenue, followed by stores in Paris, Vienna, London and Madrid. Since 2003 daughter Kim-Eva Wempe officially heads the company. Wempe is Germany?s most respected watch and jewelry retailer with over 500 employees and 26 branches worldwide, and the largest watch repair and service facility of any European retailer in Hamburg.