Lot 36
Lot Has Ended

PATEK PHILIPPE, PERPETUAL CALENDAR, REF. 1526

Price Realised: USD 106250.00
Estimate : USD 80,000 - 100,000
Description

PATEK PHILIPPE
PERPETUAL CALENDAR, REF. 1526

CIRCA: 1951
CASE MATERIAL: 18k gold
CASE DIAMETER: 33.5mm
BRACELET / STRAP MATERIAL: Brown alligator with Patek Philippe buckle in 18k gold
DIAL: Silvered
MOVEMENT: Manual
FUNCTIONS: Time and perpetual calendar with moon phases
CALIBER: 12-120
ACCESSORIES: Extract from the Archives confirming manufacture date of 1951 and sale date of July 25, 1952 and Patek Philippe service box with tag, and service papers bill from Patek Philippe, Henry Stern Agency dated January 11, 2011

Lot Notes

Φ Please note the endangered species strap is shown for display purposes only and is not for sale. Upon sale, this watch will be supplied to the buyer with a [brown] calf leather strap (not shown). The endangered species strap may be available for collection from the New York Christie’s saleroom – please contact Christie’s Client Service Center at watchesonline@christies.com
For further information please refer to the Terms and Conditions.

From a private collection

The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

The case is in good condition with few light scratches. The case was polished by Patek Philippe. The case back shows signs of being opened around the edges and has one slight dent. The 1 and 11 o'clock lugs have slightly more polishing to the edge of the lugs than the other two. The case back retains the Patek Philippe service sticker. The case back is engraved, “Mario P. Nigra July 30th 1952.” The dial has been cleaned and refinished by Patek Philippe. The day and month disks have light smudging on them. According to the accompanying service papers from Patek Philippe, the Henry Stern Agency the watch was cleaned, over hauled with replacement crystal, crown, hour, minute and seconds hand. Patek Philippe repaired the center wheel, third wheel and second wheel. Patek Philippe also restored the dial and polished the case. The movement is in working order at the time of cataloging, consistent with the age of the watch. The movement has not been tested for accuracy. A service is recommended given the age of the watch.

The condition of lots sold can vary widely due to factors such as age, previous damage, restoration, repair and wear and tear. The nature of the lots sold means that they will rarely be in perfect condition. Lots are sold in the condition they are in at the time of sale.

Additional Charge Details

Additional charges, including buyer’s premium, local taxes, shipping expenses, loss damage liability fees, customs duty/import tax, and all other applicable charges will apply. You can view all of the tax, VAT, import tax, and customs duty costs associated with a lot by clicking on Total Cost Calculator under the bid button.

AN IMPORTANT UPDATE REGARDING NEW YORK SALES TAX

Christie's is required to collect New York sales tax for any property purchased in this sale if (a) either you or your agent (including a contract carrier) collect the property in New York (even if New York is not the final destination) or (b) Christie's arranges shipment of the property into New York State. The amount of New York sales tax varies depending on the location of the shipment within New York State. We recommend that you obtain your own independent tax advice if you have further questions.

For inquiries, please contact Christie’s Client Services at +1 212 636 2002 or +44 (0)20 7839 9060 or by email at watchesonline@christies.com.

Payment Information

You must pay the full amount due (including any additional charges) no later than March 16, 2017. This applies even if you wish to export the lot and an export license is required. You will not acquire title and own the lot until all amounts due to Christie’s have been received by Christie’s in full, cleared funds.
Purchases cannot be delivered to P.O. boxes. If you opt to collect your purchase(s) at the Christie’s location where the property is located, kindly email Christie’s Client Service Center at watchesonline@christies.com to schedule your collection at least 24 hours in advance and to secure any relevant forms. Payment must be made online prior to collection. Collection is only available at the Christie's location where the property currently resides. Should you send someone to collect your purchase(s) on your behalf, please complete a Letter of Authorization and send it to us at watchesonline@christies.com prior to collection. Your representative must present a valid picture ID at the time of collection, such as a driver’s license or passport.

Collection Notice
Due to impending weather in the New York area, collection of property will not be available on Tuesday, March 14th from the Christie's Rockefeller Office.

Lot Essay

Fred's Pick
Patek Philippe introduced the reference 1526 in 1940 and it was in production until circa 1952. At the time this was the only perpetual calendar wristwatch in production on the market. Approximately 210 examples of this reference were made in the 12 year production period. This comes to approximately 18 per year, making this watch extremely rare and highly desirable. This reference was offered in yellow gold and pink gold and one example in steel is known. The case back is engraved, “Mario P. Nigra July 30th 1952.” It is possible that this watch was given to the original owner as a present since the original sale date was July 25th 1952 and the engraving on the back says July 30th 1952. The present example is cased in yellow gold this is a great opportunity to own an early perpetual from Patek Philippe.

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