Live Auction 3219Important Watches
PATEK PHILIPPE. A FINE AND RARE 18K GOLD CHRONOGRAPH WRISTWATCH
Lot 3028

PATEK PHILIPPE. A FINE AND RARE 18K GOLD CHRONOGRAPH WRISTWATCH

SIGNED PATEK PHILIPPE, GENEVE, REF. 1579, MOVEMENT NO. 868'847, CASE NO. 693'220, MANUFACTURED IN 1955

Closed29 May 2013

Price Realised

HKD 375,000

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PATEK PHILIPPE. A FINE AND RARE 18K GOLD CHRONOGRAPH WRISTWATCH
SIGNED PATEK PHILIPPE, GENEVE, REF. 1579, MOVEMENT NO. 868'847, CASE NO. 693'220, MANUFACTURED IN 1955
Cal. 13''' mechanical lever movement, 23 jewels, silvered dial, applied gold square and Arabic numerals, outer five minutes divisions and tachymetre scale, two subsidiary dials for constant seconds and 30 minutes register, circular case, downturned "spider" lugs, snap on back, 18k gold Patek Philippe buckle, case, dial and movement signed
36 mm. diam.

Specialist note

US$25,000-38,000

With Patek Philippe Extract from the Archives confirming production of the present watch with silvered dial and raised gold index in 1955 and its subsequent sale on 9 May 1957.

Rare are the opportunities of coming across a reference 1579 in today's market. Launched in 1943, the large case and unusual lugs, also called "spider" lugs because of their resemblance to a spider's legs, make it easily distinguishable from other Patek Philippe chronograph wristwatches. Reference 1579 is today one of the most popular chronograph models from the Patek Philippe vintage era.