CIRCA: 1994
CASE MATERIAL: 18k yellow gold
DIAMETER: 39 mm.
BRACELET: Integrated 18k yellow gold
DIAL: White with four symmetrical white sub dials, featuring a month indicator at 12 o'clock, date at 3 o'clock moon phase at 6 o'clock, and day register at the 9 o'clock position
MOVEMENT: Cal. 2120/2800
FUNCTIONS: Time, perpetual calendar, moon-phase
WITH: Electronic Extract from the Archive confirming the register date of this watch as 07 November, 1994
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Lot Essay

Audemars Piguet introduced the perpetual calendar complication to the Royal Oak collection in 1983. The refined Ref. 25654 was introduced in 1983 and was produced till 1998 and is believed to have been limited to just 422 pieces (in yellow gold).

The watch was powered by Cal. 2120/2800, an automatic movement based on Jaeger-LeCoultre’s legendary ultra-thin JLC Cal. 920. The Caliber 2120 was developed in 1967 with the support of Audemars Piguet. The movement was adopted by Patek Philippe and Vacheron Constantin too.

The reference 25820 was launched in 1998 and featured the 2120/2802 with leap-year indicator movement first seen on the limited edition 25810.
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