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May 18, 2024

Image from Christie’s

Christie’s Hong Kong presents ultra-rare Patek Philippe Ref 2523

In the realm of luxury timepieces, few names carry as much weight as Patek Philippe. Revered for their impeccable craftsmanship, timeless elegance, and storied history, Patek Philippe watches are coveted by collectors worldwide. On the horizon of May 26th, a highly anticipated event is set to unfold: Christie’s Hong Kong Live Auction will unveil a masterpiece that has captured the imagination of horology enthusiasts globally—the Patek Philippe 18K Yellow Gold Dual-Crown World Time Wristwatch Ref.2523. With its exquisite polychrome cloisonné enamel dial depicting the intricate map of Eurasia, this rare timepiece is estimated to fetch between HK$ 39 million-78 million (USD 4.9 million-9.9 million).

Crafted circa 1953, the Patek Philippe Ref.2523 represents the pinnacle of watchmaking prowess and aesthetic beauty. Its vibrant cloisonné enamel dial is a visual symphony of colors, ranging from rich violets to shimmering turquoise to radiant jaunes, creating a breathtaking tableau that speaks to the artistry of its creators. Nestled within its meticulously preserved case lies the Caliber 12 400 HU, a movement renowned for its precision and grace. Each detail of this exceptional timepiece exudes a sense of refinement and sophistication that is synonymous with the Patek Philippe name.

Image from Patek Phileppe

What sets the Patek Philippe Ref.2523 apart is not only its extraordinary craftsmanship but also its rarity. With only three known examples in existence, each one is a treasure coveted by collectors and connoisseurs alike. As the auction approaches, anticipation is building among watch enthusiasts who recognize the significance of this historic event. Alexandre Bigler, Senior Vice-President & Head of Watches at Christie’s Asia Pacific, describes the Patek Philippe Ref.2523 as a “coveted dream for discerning collectors,” emphasizing its unparalleled rarity and captivating design.

Adding to the allure of the Patek Philippe 18K Yellow Gold Dual-Crown World Time Wristwatch Ref.2523 are the acts that precede it, each marking a significant chapter in horological history. Act I unfolds in 2019, just weeks after the Patek Philippe Grandmaster Chime set a record for the most expensive watch ever sold. Christie’s Geneva auction witnessed the sale of the Patek Philippe ‘L’Heure Bleue’, a unique ref. 2523 ‘Heures Universelles’ Dual-Crown World Time, fetching HK$70.175m including fees. Act II, in May 2023, saw another ref. 2523, this one in yellow gold with a cloisonné dial depicting the North American continent, breaking records at Christie’s Hong Kong. These acts serve as preludes to the grand finale, Act III, unveiling the prized Patek Philippe Ref.2523 in yellow gold with its captivating Eurasian cloisonné enamel dial at the upcoming auction.

Image from Christie’s

As the countdown to May 26th begins, all eyes will be on Christie’s Hong Kong Live Auction, where this remarkable timepiece will take centre stage. For those fortunate enough to participate, it represents not just an opportunity to acquire a piece of horological excellence but also a chance to be part of a legacy that spans generations. Join us at Christie’s Hong Kong on May 26th, 2024, for an unforgettable event that promises to make history in the world of luxury watches. This auction serves as a reminder of the enduring allure and timeless beauty of Patek Philippe timepieces, which continue to inspire and captivate enthusiasts around the world.

Zara Flavia Dmello


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