Bonhams in Hong Kong has some exceptionally rare watches up for auction at its June 20 sale, including one of only three known examples of a Patek Philippe ref. 5033P minute repeating annual calendar with black dial and diamond-set platinum case.
However, the sale is also a test of the desirability for Patek Philippe’s Nautilus and Audemars Piguet’s Jumbo Royal Oak, both of which have been in the news this year for being discontinued.
The watches on sale are not the references that have been discontinued, they just happen to look very much like them.
Patek Philippe’s Nautilus is a white gold ref. 3800/001 with diamond indexes and date display from around 1994. It has an estimate of $84,700 to $129,000.
Audemars Piguet’s Jumbo Royal Oak is a rare 5402ST B series made in the very early years of the reference in 1972. Only around 1,000 of the B series were made, and the piece on sale at Bonhams is said to be one of the earliest produced in stainless steel.
It has exactly the same estimate as the Patek Philippe Nautilus at $84,700 to $129,000.
Neither of these watches should challenge the Patek Philippe ref. 5033P minute repeating annual calendar for top lot at the Hong Kong auction.
Produced in 2002, the ref. 5033P was Patek Philippe’s first wristwatch to use the Cal. R27 PS QA minute repeater with annual calendar movement.
Only 80 of the reference are thought to have been made over the course of ten years, mostly with a silver dial.
Only three are known to have been made with a black dial and a diamond-set case, which is why Bonhams has given the watch an estimate of $555,000 to $670,000.