Phillips in association with Bacs & Russo has confirmed the sale of a Patek Philippe reference 2523/1 world time wristwatch in rose gold, to be auctioned during The Geneva Watch Auction: XII on 6 and 7 November.
The extremely rare double-crowned world time model with guilloché dial is one of only four known and is the star lot of Phillips’ upcoming double-evening auction.
It is expected to go for between 3,000,000 and 4,000,000 CHF ($3.2m-$4.3m).
Commenting on the auction, Aurel Bacs, senior consultant of Bacs & Russo and Alex Ghotbi, head of watches continental Europe & Middle East jointly said: “It is interesting how certain complications are immediately associated with certain brands, and the world time and Patek Philippe are indissociable.
“One of Patek Philippe’s most important creations, the reference 2523/1 in pink gold and guilloché dial is in fact as rare as a stainless steel reference 1518, as only four are known. The example we have the privilege of presenting in the Geneva Watch Auction: XII is a time capsule, its impeccable state of preservation and superb dial make this reference 2523/1 one of the most desirable watches to have left the ateliers of Patek Philippe.”
Adding: “To be able to behold and let alone to own such a spectacularly preserved piece is a once-in-a-lifetime opportunity for the collector of such holy grail watches.”
This Patek is described as one of the most breathtaking examples of the iconic reference 2523/1, by far the most appreciated, elegant, collectible and sought-after world time models ever produced by any manufacturer.