Benefits Of Buying The Million Dollar Patek That’s Still a Million Dollars 10 Year Later Replica At Best Price

When the chronograph’s beginning pusher is engaged, the column wheel under the cap rotates, thus dropping this arm in between the pillar wheel’s columns, therefore moving the second of the two driving wheels marginally so that it begins to mesh with the wheel at the center. The distance traveled by this arm requires painstaking fine-tuning, something this limit would be to assist with — though I would still prefer to see a well-working chronograph having an exposed column wheel. I think that’s enough column wheel discussion for the day.The beauty of a hand-wound chronograph is that you get to have of the eye-candy. There isn’t a fiddly rotor always at all. Sixty-five hours is sufficient to produce the 5170P last from Friday evening until Monday morning — a feat every high-end watch wider than 36mm should provide.All the functionality apart, the 29-535 is so beautiful, I’d go so far as to say it’s a must have in every collector’s career. Not necessarily a life keeper, but a standard for every contemporary high-end chronograph. None ought to be a replica of this, do not get me wrong, but any modifications done to this layout and these proportions must be encouraged by strong reasons — improved performance, higher performance, etc.. Few movements bother with proportions, let alone proportions contrary to case dimensions, but things are just perfect. The huge balance wheel seen in Patek chronographs of older certainly add a more customary flair, but if you would like modern frequency and balance wheel design, you need to accept a smaller balance as a reasonable compromise.Returning to the dial side just for a more serious passing, the Patek Philippe 5170P is an interesting beast. The watch marketplace since it’s suffers no shortage of platinum-clad, diamond-brazen watches — but something is telling me nobody in the hippie-hoppie music industry will be seen rocking the 5170P in any of the videos anytime soon.

Before extra-large, steel chronographs were all the rage, the first proper million dollar Patek Philippe reference was arguably the Louis Cottier world time – the refs. 1415 and 2523 fitted with cloisonné dials – being the models that consistently and regularly achieved seven figure prices at auctions, which were mostly Antiquorum sales presided over by Osvaldo Patrizzi in those days.

Starting in the late 1990s, the vintage cloisonné dial world time – usually a double-crown ref. 2523 selling in Geneva – sailed past a million francs and stayed between that and SFr2.0m until the late 2000s. The high watermark came in April 2002 when a buyer, a noted East Asian industrialist according to industry lore, paid a mind boggling SFr6.6m for a ref. 1415 HU in platinum, about US$4m at the time and a record that probably won’t be broken for a generation or two.

Coincidentally, the surge in prices for the vintage world time dovetailed neatly with the artfully-timed launch of the modern day equivalent, the ref. 5110, in the year 2000. And since then the contemporary world time has become a mainstay of the Patek Philippe line-up: the basic model has undergone two facelifts, and the complication has been combined with a chronograph, minute repeater, as well as moon phase.

In the same period, an early ref. 2499 (meaning first or second series) in pink gold cost about the same as a cloisonné dial world time. Over a decade on, the 2499 has doubled in value, the steel 1518 has quadrupled, and various other watches have gone on to rack up various other records.

The vintage world times, on the other hand, have not enjoyed much buzz or breathless coverage and consequently have only inched up modestly in value, or not at all. In the peculiar world of high-end vintage watches that might make a world time a reasonable proposition relative to everything else (like a US$17m Rolex Daytona or an US$11m Patek Philipp 1518), perhaps even a good buy.

“Behold – I was once the most expensive watch in the world”

With the total number of world times of all references standing at several dozen – the world time mechanisms were reputedly assembled by Cottier himself – as opposed to 281 of the ref. 1518 and 349 for the ref. 2499, the world time is a rare watch, but not suited to the current fads in the vintage watch market. And the average world time buyer is typically of a different generation from the youngish collectors who desire Patek Philippe chronographs or Rolex Paul Newmans.


Phillips’ upcoming Hong Kong watch auction includes a ref. 2523, one of just three known with a gold guilloche dial. The very same watch was first sold in May 2012 at Antiquorum Geneva for SFr1.19m, having been consigned by the family of the original owner. The 2012 result was equivalent to about US$1.3m at the prevailing exchange rate then.

Now the estimate is HK$10m to HK$20m, or US$1.25m to US$2.5m, and the final price is likely to stay well within the estimate. For a Patek Philippe completed wristwatch with perhaps two dozen in existence that seems like a reasonable ask.

Patek Philippe 2523 gold guilloche 11

Patek Philippe 2523 gold guilloche 7

Patek Philippe 2523 gold guilloche 8

Patek Philippe 2523 gold guilloche 10

Produced in 1953, the watch is made even more unusual thanks to three hallmarks on the back: two French import marks for precious metal, and the third being the logo of Parisian jeweller Jean Guillermin. Only two other 2523s are known with retailer signatures – “Gobbi Milano” and “Tiffany & Co.” – albeit on the dials rather than the back.

Patek Philippe 2523 gold guilloche 4

Patek Philippe 2523 gold guilloche 5

The ref. 2523 is also in strikingly original condition, bearing all the nicks, dings and scratches – even the grime in the hallmarks – accumulated over the last six decades. According to the catalogue description when it was first sold in 2012, the watch was sent to Patek Philippe for servicing the year before, with express instructions that the case remained untouched.

Patek Philippe 2523 gold guilloche 2

Patek Philippe 2523 gold guilloche 3

Patek Philippe 2523 gold guilloche 6

Patek Philippe 2523 gold guilloche 9

The ref. 2523 with gold guilloche dial is lot 908 in The Hong Kong Watch Auction: Five.


 

Swiss Grade Hands-On with the Bespoke Patek Philippe Ref. 3843, Featuring a 13-Carat Diamond as the Case Crystal Replica At Best Price

That translated into watch-terminology means the motion comprises a flyback chronograph, an annual calendar, a power-reserve signal (for exactly what the newest notes as anything between 45 and 55 hours, probably depending on to how long the chronograph is in operation), in addition to a day-night indication. Its base movement contains 302 parts, while the smart (and only 2.48 mm thick) yearly calendar module adds yet another 154 parts to that. And while we frequently discuss endless calendars–calendars which require absolutely no adjustments until the year 2100–yearly calendars mean a wise transition between them along with the calendars. “Cost for your Patek Philippe 5960/1A Annual Calendar Chronograph in steel with black dial is unchanged at 45,000 CHF, which is only a hair over the same amount in US dollars. Considering that this is the newer version, I have not seen many out there (though there are several white dial versions available on the resale market). Time will tell if one or another retains worth better, but it’s going to be interesting to see what Patek unveils alongside their brand new products targeted towards the younger market. Price for the Patek Philippe 5960/1A Annual Calendar Chronograph in steel with black dial is unchanged at 45,000 CHF, which is only a hair over the same sum in US dollars. Considering this is the newer model, I haven’t noticed many out there (although there are several white dial models available on the resale market). Time will tell if the other holds worth better, but it’s going to be interesting to see exactly what Patek unveils alongside their brand new products targeted towards the younger market. As I was reviewing my images of the otherwise very fabulous looking fella, I could feel anger and frustration creeping up on me. It was like seeing the Mona Lisa re-sketched having an extensive cleavage, or Munch’s The Scream turned into an emoji. Everything I could see was something unnaturally thought out and executed to the finest detail, ruined just to impress the continuously diverted modern onlooker.My just theory for the existence of wrought crystals, such as the one on the Patek Philippe 5170P-001, is that it is chosen because it seems more impressive and expensive to the untrained eye — and the grand boom that the watch industry experienced within the last two decades sure brought along masses of potential customers who, by character, flocked into the well-known prestige brands. I mean, imagine the following scenario.

Lasque diamonds are flat diamonds with irregular outlines, a cut that originated in India centuries before. Also known as portrait diamonds because they were used as covers for miniature portraits, lasque diamonds are a niche strand of diamond collecting.

The flat shape of a lasque diamond makes it suitable for a watch crystal, which is what Selling A Patek Philippe Watch Replica did with a 13.43 carat lasque diamond in the early 1990s. As the story goes, the flat diamond was handed over to the Geneva watchmaker in 1990 by an anonymous client (in fact, industry lore has it there was more than one such diamond).

Patek Philippe ref. 3843 Portrait Diamond 2

Patek Philippe ref. 3843 Portrait Diamond 4

Over the course of the next year, Patek Philippe constructed a wristwatch around the triangular stone, creating an asymmetric watch case in white gold to fit the diamond. The watch was completed in 1991, and delivered to the client in January 1994 according to the archive extract that accompanies this watch.

Fitted to a fixed, integral bracelet in white gold, the case is a one of a kind creation, a true bespoke watch, created from the ground up for the client. Correspondingly the watch has a one-off model reference: ref. 3843/1.

Patek Philippe ref. 3843 Portrait Diamond 6

Patek Philippe infrequently creates unique references, making this a notably rare watch. Intriguingly, a one-off titanium Calatrava with a 9.44 carat diamond set into the back, doubling as a display back of the watch, was sold at Sotheby’s two years ago for US$737,000.

Measuring about 32mm by 26mm at its extremities, the lasque diamond is not immediately recognisable as a diamond. Only the facets on the edges and the inclusions visible at certain angles give it away.

Patek Philippe ref. 3843 Portrait Diamond 7

Patek Philippe ref. 3843 Portrait Diamond 8

Patek Philippe ref. 3843 Portrait Diamond 3

Its weight of 13.43 carats ranks the stone amongst the largest lasque diamonds know, most of which are portraits diamonds in European museums. The largest is the 25 carat stone with a portrait of Emperor Alexander I of Russia on display at the Hermitage in St Petersburg.

The size of the diamond means the watch is larger than it appears in pictures, being some 31mm in diameter. The styling is slightly reminiscent of 1970s watches; the sleekly asymmetric watches designed by Geneva jeweller Gilbert Albert come to mind though the 3843 is significantly more straight-edged.

The ref. 3843 beside a 37mm Langematik Anniversary

Patek Philippe ref. 3843 Portrait Diamond 5

The dial is a restrained blue with a metallic finish, while the movement inside is the calibre 177, a slim hand-wound movement. More unusual is the inside of the case back, which is marked not only with the reference and serial number, but also the weight of the lasque diamond that doubles as the crystal, as well as the year of production.

Patek Philippe ref. 3843 Portrait Diamond 1


This is not the first time the ref. 3843 has come up for sale. In fact, the same watch sold in early 2015 at a Japanese auction house’s sale in Hong Kong for HK$767,000, or about US$98,900. The jump in value illustrates the value of selling at an international auction house armed with strong marketing.

The Patek Philippe ref. 3843 is lot 2922 at Christie’s Hong Kong sale that takes place on November 28, 2016. It carries an estimate of HK$2.8m to HK$4.8m, equivalent to US$363,000 to US$622,000.