Patek Philippe wristwatch put up on auction in Geneva for $1.3 million

Early last year, we had witnessed the auction of the Patek Phillippe Yellow Gold 2499 Fourth Series which had been sold for well over $271,000 (Its lower limit estimate). This year, another exceptionally fine and rare 18kt Rose Gold from Patek Philippe’s famous reference 2499 Second Series is expected to fetch a record price at Christie’s Important watch sale in Geneva today. The wristwatch features a perpetual calendar chronograph with moon phases and baton numerals from 1960 and is expected to fetch a record price of $880,000- $1.3 million. The highly coveted version embodies several elements, making it one of the world’s most valuable timepieces, made by one of the world’s most dignified watchmakers.

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The watch, which was originally retailed by Gobbi’s distinguished house in Milan, has never been at auction. Its exclusivity is further enhanced because only seven examples of the second series reference 2499 in pink gold are known to have appeared in public to date. 2499 had known to have significantly influenced many of the most renowned watchmakers’ designs, replacing the legendary reference 1518, when it was introduced in 1950.

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