Yes, it is Patek Philippe’s 175th anniversary, and yes, we’ve all been waiting for the commemorative watches to be unveiled. Well, today, October 13th is the day that makes Patek 175 yrs old. So wait no more. There are several new watches I’ll get to in due course, but for now let’s start with this, the flagship of the 175th anniversary collection: the Patek Philippe Grandmaster Chime Ref. 5175. This is a 1,366-part grand complication including a grand and petite sonnerie, perpetual calendar and more — 20 complications in all. Oh, and thanks to its swiveling, ornately engraved case, the watch is fully reversible — you can wear either side up. 7 pieces will be made, and 6 of them will be sold — at a price of 2.5 million Swiss Francs apiece. Believe it. The Grandmaster Chime is a watch unlike any in existence.
The Patek Philippe Grandmaster Chime 175th Anniversary Watch, presented by Philippe and Thierry Stern
A magnificent Patek Philippe 5960P-016 Annual Calendar Chronograph goes under the hammer at The Salon Privé Sale on Thursday 4th September at 6pm, with all proceeds going to the Rainbow Trust Children’s Charity. And of course Perpétuelle is here to bring you the details you won’t see anywhere else. Salon Privé London is one of the world’s premier automotive events. As noted by the ‘P’ in the Ref # “5960P”, the watch is cased in platinum, and what’s not to like about that. Also of note, this particular Patek reference is no longer being produced by Patek. The 5960 reference was re-designed this year, as Patek unveiled a new chronograph subdial layout in the Patek 5960/1A (my report here) at Baselworld 2014 this past March. Which makes this 5960P an ideal watch to offer for a charitable cause.
What an opportunity — to bid on a great watch for a great cause — but wait there’s more that comes with this piece!!! How about a 2-day trip to Geneva — via private jet (!!) — with accommodations at the Mandarin Oriental, a guided tour of the prestigious Patek Philippe Musuem on day one, and on day two an exclusive visit to the Patek Philippe factory followed by lunch with the Directors of Patek Philippe and Boodles. Not too shabby, eh?
Following the opening of the Maison Patek Philippe Shanghai in 2012, the recently unveiled Maison Patek Philippe Beijing at Ch’ien Men 23 is the second Maison Patek Philippe in the World. The opening ceremony was not just a celebration of the new Maison Patek Philippe; it also marked the unveiling of a limited edition Calatrava Ref. 5153. The 5153 has a classic Calatrava officer case; on the dust cover are engraved the year of establishment of the Maison Patek Philippe Beijing and the building’s delicate outline alongside the commemorative text Maison Patek Philippe Beijing Inauguration 2014.
Full specs and a look at the new Patek Maison, on the click
This piece sold for nearly 2x its pre-sale estimate. And the incredibly robust secondary market for high-end watches ticks on.
According to Antiquorum which sold the watch:
Received as a gift from two of his friends, who purchased the watch at Gobbi Milano in 1967, the original owner didn’t like the watch much. He wore it on extremely rare occasions and throughout his life, according to his family the watch was only serviced twice. Part of the celebrated third series of 2499’s, this example features the nice feuille hands as often seen on earlier examples rather than the more common dauphine hands. Worn very little for the obvious reasons cited above, the watch has remained in close to new condition. Its lugs are extremely thick, two beautiful crisp and clean hallmarks on the outer side of the case, a sparkling movement and amazingly the original owner kept the original box and certificate. A rare, almost unique opportunity to acquire one of the nicest third series ever to appear at auction and fresh to the market. Property of the family of the original owner.