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Quite Possibly The Largest Curated Assembly Of Vintage Patek Philippe Watches For Sale In History At Christie’s New York: It‘s An 11-Day Sale, But Don’t Dally!

by Elizabeth Doerr

If you are in New York this month (July 2017) the news is everywhere you look: the Patek Philippe Art of Watches Grand Exhibition opens on July 13, 2017 (see Bringing Patek Philippe’s Universe To New York City For 11 Days In July 2017 With The Art Of Watches Grand Exhibition). The Geneva-based brand is expecting at least 20,000 visitors to the two-story, ten-room spectacle it has built at Cipriani 42nd Street, ideally located near Grand Central Station.

The exhibition chronicles both the past and present of Patek Philippe as well as the history of horology.

While many thousands of visitors to the exhibition will be new(ish) to the world of fine watchmaking, after witnessing so much moving horological history many are likely to be hankering to acquire one of their very own Patek Philippe watches.

However, it’s usually not that easy to just walk into a boutique and buy that special Patek Philippe one has suddenly set one’s heart upon.

So what to do?

Christie’s has the answer: starting July 13, 2017 – the same day the Patek Philippe Grand Exhibition opens – Christie’s will be offering two ways to own your very own piece of Patek Philippe’s grand horological history.

For one, 85 watches ranging in price from $5,000 to $250,000 will offered in a special online sale.

Patek Philippe Reference 1518 once owned by King Farouk

On sale at Christie’s as of July 13, 2017: this Patek Philippe Reference 1518 once owned by King Farouk

For another, a special private sale will afford clients the opportunity to acquire more than 300 pre-owned or vintage specialties from pocket watches to beautiful, minty-fresh ladies watches, to the Reference 1518 once owned by King Farouk, to any number of perpetual calendars and double-sealed specialties.

The watches in the private sale range in price from $5,000 to more than $5 million and will be available for immediate purchase.

“The concept for the Christie’s exhibition is quite simple,” John Reardon, curator of the event and international head of watches at Christie’s told me during a private preview of the sale to be held at Christie’s Rockefeller Plaza location.

Christie's John Readon curated the Patek Philippe sales in New York

Christie’s international head of watches John Readon curated the Patek Philippe sales in New York City

“With thousands of Patek Philippe collectors and enthusiasts converging on New York in July, it is the perfect time to celebrate all things Patek Philippe and offer the chance to see and purchase exceptional museum-quality watches. The demand for purchasing vintage watches is now higher than ever before, and this exhibition offers buyers the opportunity to own a piece of Patek Philippe’s history at all price points.”

The sales

The Christie’s online sale comprises a good mix of 85 Patek Philippe watches ranging in price from the relatively affordable to the very limited and rare.

Patek Philippe Reference 2438 perpetual calendar

On sale at Christie’s New York in July 2017 in the online sale: this Patek Philippe Reference 2438 perpetual calendar

The top lot of the online auction constitutes an impressive Patek Philippe Reference 2438 perpetual calendar with an estimate of $150,000 to $250,000.

Then there is the private sale, which constitutes watches for immediate purchase on-site. “All but approximately two dozen of the watches in our exhibition will be available for private sale,” Reardon continued, describing a range of timepieces that can be purchased immediately and without bidding like at normal retail.

Patek Philippe Calatrava

Patek Philippe Calatrava Reference 3428 in white gold with enamel dial: an exceptional timepiece on view at Christie’s New York as of July 13, 2017

The sale will also include more than 100 basic time-only watches, some even “entry-priced” for $5,000 and many priced under $20,000. Reardon suggested fans looking for “simple” wearers take a look at basic Patek Philippe Calatrava models from the 1940s or 1950s or even an original Gondolo pocket watch priced for less than $10,000.

Stephen Palmer Patek Philippe Grand Complication No. 97912 from 1898

The Stephen Palmer Patek Philippe Grand Complication No. 97912 from 1898 is one of the rarities at Christie’s New York in July 2017

Reardon is a big pocket watch fan, and for this reason he was particularly excited by being able to offer the Stephen Palmer Grand Complication No. 97912 from 1898, which Christie’s has once again procured for the sale. Christie’s originally sold this pocket watch in 2013 for more than $2 million.

Vertical sets

“I have always wanted to see complete verticals of Patek Philippe watches presented in a way that one can see and compare the development of key complications,” Reardon explained in his infectiously enthusiastic way. “The ability to see firsthand a ‘family tree’ of Patek Philippe complicated watches is something that many only dream of seeing, but it will be finally be possible during our exhibition.”

Reardon explained to me that this has been his favorite part of curating this unique exhibition-cum-sale. For example, with the Patek Philippe chronographs visitors can see the twentieth-century development of the Reference 130 moving on to References 530, 533, 591, 1579, 1463, and the split-seconds 1436.

Patek Philippe Reference 1463 chronograph with gold bracelet

This Patek Philippe Reference 1463 chronograph with gold bracelet is part of the Christie’s New York Patek Philippe sale in July 2017

In terms of perpetual calendar chronographs, the exhibition boasts four Reference 1518s and a selection of four series of Reference 2499s.

Patek Philippe Reference 5070G calendar

This Patek Philippe Reference 5270G will be offered in Christie’s private sale of Patek Philippe watches held in New York in July 2017

The Christie’s Patek Philippe exhibition will also display calendars, starting with two examples of early triple calendar Reference 96s and moving on to the presentation of superlative examples of References 1526, 2497, 2438, 3448, and 3450.

Patek Philippe Reference 5020R calendar

Patek Philippe Reference 5020R, one of more than 300 Patek Philippe models available to buy at Christie’s in July 2017

The cherry on top – and certainly a major focal point – will be a display of the total production run of minute repeaters highlighted by seven early minute repeating wristwatches and nearly the entire run of modern discontinued minute repeaters, many with unique variants. These will not be for sale, but displayed for informational purposes only.

Patek Philippe Nautilus

A Patek Philippe Nautilus on display at Christie’s New York in July 2017

“Combined with special sections of Patek Philippe Lémania chronograph verticals, Advanced Research watches, Nautilus, Ellipse, Calatrava, and clocks, this exhibition has something to pique the interest of even the most jaded of collectors,” Reardon promises. “We even have a Patek Philippe singing bird box on offer!”

Patek Philippe Reference 533R from 1942

A Patek Philippe Reference 533R from 1942 available at Christie’s New York in July 2017

The 300 watches available for private sale originate from various sources around the world, many of which come from the original owners or families. “In a world where collectors dream of owning a fresh-to-market watch in as-found condition, the offerings of this sale will not disappoint,” Reardon promised.

On exhibition

“Some collectors and some families will not let go of their watches/heirlooms at any price, and I am forever grateful that we have had the honor of taking some pieces on loan that few people have ever seen before,” Reardon explained.

Most notably, and very excitingly, Christie’s will have James Ward Packard’s Patek Philippe walking stick and Patek Philippe ring watch on view for the very first time publicly.

James Ward Packard’s Patek Philippe walking stick, the watch is in the handle

James Ward Packard’s Patek Philippe walking stick, the watch is in the handle

The walking stick, which was described in Stacy Perman’s book, A Grand Complication, features a Patek Philippe watch embedded into the engine-turned silver knob with a movement that is engraved with Packard’s own name.

James Ward Packard’s Patek Philippe ring

James Ward Packard’s Patek Philippe ring

In addition to the early minute repeaters described above, other so-called unicorn watches on display, but not for sale, include a Patek Philippe two-tone Reverso wristwatch and a white gold Reference 3448 Senza Luna (a rarer-than-hen’s-teeth perpetual calendar lacking a moon phase indication) with a confirmed extract from Patek Philippe.

Aside from the obvious, Reardon’s goal in this Christie’s innovative exhibition-and-sale combination is to educate new collectors on the intricacies of assessing vintage watch condition, understanding the vintage watch market, and learning about how to collect vintage watches with focus on building collections.

Movement of the Stephen Palmer Patek Philippe Grand Complication No. 97912 from 1898

Movement of the Stephen Palmer Patek Philippe Grand Complication No. 97912 from 1898

A series of tours, lectures, and watchmaking classes will support the sale and exhibition, complementing the nearby Patek Philippe Grand Exhibition at Cipriani. RSVPs are necessary.

At 2:00 pm every day during the exhibition, Reardon will also personally give a gallery walk of the highlights. And, having just had this gallery walk tour myself, it is something I can highly recommend: Reardon, one of the nicest guys in the auction world, is also a walking encyclopedia of Patek Philippe knowledge.

For more information please visit www.christies.com/privatesales/2017/patek-philippe-vintage-watches.

Note that the online sale will only go live on July 13, 2017, more information is available then at www.christies.com/calendar.

9 replies
  1. Pat
    Pat says:
    July 11, 2017 at 5:19 pm

    “This Patek Philippe Reference 5070G will be offered in Christie’s private sale of Patek Philippe watches held in New York in July 2017” — are you sure about the reference number?!!

    Reply
    • Boris
      Boris says:
      July 12, 2017 at 7:09 pm

      It’s a typo, I already messaged Elizabeth about it. She will correct it. Correct reference is 5270. Not a big deal, as most readers know it.

      Reply
      • Elizabeth Doerr
        Elizabeth Doerr says:
        July 14, 2017 at 12:55 pm

        Corrected, thanks for pointing that typo out.

        Reply
  2. Pat
    Pat says:
    July 14, 2017 at 10:37 am

    You’re absolutely right! Not a big deal. Let’s do away with reference numbers and call them all watches. PS. I’ve just removed you from my to-read list…

    Reply
    • Elizabeth Doerr
      Elizabeth Doerr says:
      July 14, 2017 at 12:56 pm

      That’s something of an overreaction, don’t you think, Pat? If that’s your criteria, then I guess you’re not reading anything at all.

      Reply
  3. Pat
    Pat says:
    July 14, 2017 at 7:44 pm

    Hi Elizabeth! The tone of the first reply was surprising to me personally. A simple ‘Noted’ or behind the scene correction would have sufficed.
    Many of us, watch aficionados, consider you among the cream-of-the-crop of watchmaking reporting. You shouldn’t be surprised that we tend to hold you to higher standards and read your articles closely.

    Reply

Trackbacks & Pingbacks

  1. Give Me Five! 5 Unanticipated Exhibits At Patek Philippe’s Art Of Watches Grand Exhibition In New York | Quill & Pad says:
    November 7, 2017 at 6:35 am

    […] During my short stay in New York City, I had the chance to talk to a lot of different watch people. And one of the conversations I enjoyed most during this time was the afternoon I spent with John Reardon, Christie’s international head of watches. Christie’s was, of course, putting on two large Patek Philippe-themed sales during the 11-day tenure of the Grand Exhibition (see Quite Possibly The Largest Curated Assembly Of Vintage Patek Philippe Watches For Sale In History At…). […]

    Reply
  2. You Are There: Patek Philippe (And Virtually Everyone Else) Comes to New York, A Collector's View | Quill & Pad says:
    July 29, 2017 at 4:45 pm

    […] might also enjoy: Patek Philippe President USA Larry Pettinelli Talks His Favorite Timepiece In The 2017 Grand Exhibit… and Quite Possibly The Largest Curated Assembly Of Vintage Patek Philippe Watches For Sale In […]

    Reply
  3. Patek Philippe President USA Larry Pettinelli Talks His Favorite Timepiece In The Grand Exhibition: John F. Kennedy’s Clock | Quill & Pad says:
    July 13, 2017 at 6:55 pm

    […] You might also enjoy Quite Possibly The Largest Curated Assembly Of Vintage Patek Philippe Watches For Sale In History At… […]

    Reply

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