Thursday, 13 May 2010

Patek Philippe Exhibition in Singapore end May and another very pricey Patek

for horology lovers who haven't signed up as yet and are in Singapore end of May, do go to to book a slot for the guided tour...


a 4 day exhibition is on at the St Regis ballroom and over 250 rare exhibits will be making its way here from their museum in Geneva so its not to be missed unless you're heading to Geneva to check it out of course :) the tour is a lot more worthwhile and informative than just seeing the exhibits so do signup...

next up is a jaw dropping price for a wrist watch... the Patek Philippe 1527... 18K gold perpetual calendar chronograph with moon phases, manufactured in 1943 [ Estimate: $1,500,000 – 2,400,000 & Price realised: $5,637,702 ]

raphmeister's take: only for the uber rich who need to buy the rarest toys or those looking at pricey watches as an alternative asset class for investment or perhaps Patek for their museum... anyones guess :)

Press Release Info: A truly unique and historically important watch by Patek Philippe made horological history this morning when it was sold at auction for CHF6,259,000 ($5,637,702) in Geneva . The watch was rediscovered 20 years ago when it was first offered at auction, and it is only in recent months that the full history and attribution of the watch has been fully determined, with the help of numerous scholars and archivists. Dating back to 1943, only two complicated wristwatches with this reference number, 1527, were ever made. The other model which is currently housed in the Patek Philippe Museum does not have the chronograph mechanism as in the present watch, making both of them equally unique one-off pieces. This large size, perpetual calendar chronograph wristwatch, with its avant-garde design and proportions, is a highly important masterpiece and historically the most noteable forerunner of future generations of complicated Patek Philippe wristwatches.

In today’s world, where everything is made in vast quantities, individualism is hard to come by. As a consequence, the present watch is, by all means, not only a significant milestone in Patek Philippe's history of complicated wristwatches, but without a doubt also one of the world's most important wristwatches. With a pre-sale estimate of CHF1.5 – 2.5 million the model was met with an overflowing saleroom and a series of keen bidders resulting in this phenomenal result of CHF 6,259,000.

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