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Christie’s to auction rare Patek Philippe for record price estimate of $14m

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A rare 1950’s Patek Philippe timepiece is to be the star of the show at a Christie’s auction in Hong Kong next month.

The 18-carat pink gold Patek Philippe has a price estimate of $7m – $14m, which Christie’s said is the highest for any wristwatch offered in an auction.

The model has a rare translucent blue enamel dial and is known by the name of the 177-year-old Milan-based shop where it was sold, Gobbi.

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It is thought that only seven reference 2523 dual-crown world time wristwatches in pink gold were ever made, of which only two known pieces boast the blue enamel centre to the dial.

The sale is scheduled for November 27 in Hong Kong as part of Christie’s Autumn Auctions.

The piece is being shown on Monday to certain members of the Hong Kong press to drum up interest.

The auction will follow on from Christie’s auction of Rare Watches in Geneva on 11 November, which will be led by the Henry Graves Jr. Patek Philippe yellow gold tonneau minute repeater wristwatch of 1927, sold to Henry Graves Jr. on 16 June 1928.

Patek Philippe wristwatch that belonged to Henry Graves Jr. is highlight of Christie’s Rare Watch Auction

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Zoe Monk

The author Zoe Monk

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