PATEK PHILIPPE, RARE PINK GOLD WRISTWATCH, RETAILED BY SERPICO Y LAINO, REF. 2508
Lot 224

PATEK PHILIPPE, RARE PINK GOLD WRISTWATCH, RETAILED BY SERPICO Y LAINO, REF. 2508

Closed30 May 2024

Price Realised

CHF 25,200

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PATEK PHILIPPE, RARE PINK GOLD WRISTWATCH, RETAILED BY SERPICO Y LAINO, REF. 2508
MANUFACTURED IN: 1953
CASE MATERIAL: Pink gold
CASE DIAMETER: 35 mm.
CASE NO: 677'480
DIAL: Silvered
MOVEMENT: Manual
MOVEMENT NO: 702'943
FUNCTIONS: Time only
BUCKLE: Pink gold buckle, signed Patek Philippe
BOX: No
PAPERS: No
WITH: Extract from the archives confirming production of the present watch in 1953 and its subsequent sale on May 6th 1954
REMARK: Retailed by Serpico y Laino

Specialist note

A prized possession for any seasoned collector, the present timepiece is elevated further as one of the very few pieces made for Patek’s legendary Caracas agent Serpico Y Laino. As expected, the outside of the case back displays the stamps 'S.L' and '18k'.

Distinguished by its superb original overall condition, the timepiece has never been subject to much polishing, underlined by the full proportions, the crisp 'S.&L. 18k' American import stamps to the case back and the clearly visible hallmarks.

Reference 2508
Considered by many to be among the pinnacles of Patek Philippe's mid-20th century design, the reference 2508 distinguishes itself from its 'time-only' brethren with a uniquely balanced case design. The 2508 was Patek Philippe's first foray into waterproof case designs for non-complicated wristwatches. Previously, the only waterproof wristwatch was the reference 1463 chronograph, from which the 2508 would borrow the entirety of its form. The downturned lugs, perfectly proportioned dial, and screw-back case profile produce a masculine and most pleasing wrist presence not found in other Calatravas. Inside the 2508 beats the legendary 27SC, covered by a metal dust cap to keep moisture and magnetism at bay.

Serpico y Laino
Serpico y Laino was founded in the late 1920s by two Italian immigrants, Leopoldo Serpico and Vicente Laino, a young goldsmith. Initially focusing on jewellery, they soon expanded into watches and became the exclusive distribution agent for Rolex in Venezuela following a meeting with Hans Wilsdorf in Geneva in the early 1930s. Shortly after other brands were added and the firm was appointed the sole authorized retailer for another famous watch manufacturer: Patek Philippe. In 1966, after forty years of flourishing business, the leading watch retailer in Caracas closed.