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PATEK PHILIPPE, REF. 2499 THIRD SERIES, A RESTORED GOLD PERPETUAL CALENDAR CHRONOGRAPH

CASE NUMBER 2’700’443, MOVEMENT NUMBER: 869’491

Name: PATEK PHILIPPE, REF. 2499 THIRD SERIES, A RESTORED GOLD PERPETUAL CALENDAR CHRONOGRAPH
Brand: CASE NUMBER 2’700’443, MOVEMENT NUMBER: 869’491
Price: 240000.00 USD
Availability: SoldOut

Price Realised USD 300,000

Estimate

USD 100,000 - USD 200,000

Closed: 8 Apr 2021

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PATEK PHILIPPE, REF. 2499 THIRD SERIES, A RESTORED GOLD PERPETUAL CALENDAR CHRONOGRAPH

CASE NUMBER 2’700’443, MOVEMENT NUMBER: 869’491

Price Realised USD 300,000

Closed: 8 Apr 2021

Price Realised USD 300,000

Closed: 8 Apr 2021

Details Lot Essay Related Articles More from

YEAR: 1977
CASE MATERIAL: 18k yellow gold
STRAP MATERIAL: Brown CROCODILE leather strap
DIAL: A restored silvered dial with applied gold indexes, calendar indications in the German language
MOVEMENT: Cal. 13”’, manual-winding
FUNCTIONS: Time, perpetual calendar, moon-phase indication, chronograph
BUCKLE: Gilt buckle
WITH: Patek Philippe Extract from the Archive confirming 1977 as the year of manufacture and May 16, 1978, as the date of sale, and original leather-bound presentation box

This lot is offered without reserve.
These lots have been imported from outside of the UAE for sale. Should the lots be released into GCC/UAE free circulation, duty will be payable at 5% on the low estimate. Duty paid in Dubai is treated as final duty payment as per GCC''s customs laws. VAT at 5% will be applied to the hammer and buyer’s premium.

Conditions of Sale
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This lot is offered by Christie's Dubai Ltd.

Brought to you by

Bob XueSenior Specialist, Watches

A Christie's specialist may contact you to discuss this lot or to notify you if the condition changes prior to the sale.

Qxue@christies.com +971 56 838 4528

Lot Essay

Reference 2499, widely acknowledged as one of the world's greatest watch models ever created, and has undoubtedly greatly influenced the designs of many of the most renowned watchmakers. Introduced to the market in 1950 it replaced the legendary reference 1518 (see lots 188 and 291 in this auction), the world's first perpetual calendar wristwatch with chronograph made in series.
Over a period of 35 years, reference 2499 was made in four series in a total production of only 349 pieces, the majority cased in yellow gold. The rarity of this model becomes evident when considering that on an average only 9 watches left Patek Philippe's workshops each year.
Reference 2499 is generally divided into the following four series:
- First series: square chronograph buttons, applied Arabic numerals and tachymetre scale.
- Second series, such as the present watch: round chronograph buttons, either applied baton or applied Arabic numerals and tachymetre scale.
- Third series: round chronograph buttons, applied baton indexes and outer seconds divisions (the present lot is from the third series).
- Fourth series: round chronograph buttons, applied baton indexes, outer seconds divisions and sapphire crystal.