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Phillips Press Release: Geneva Watch Auction: FOUR highlights

09.22.16

PRESS RELEASE

 Phillips, The World’s Leading Auction House For Watches, Announces The Geneva Watch Auction: Four

Including The Legendary Stainless Steel Patek Philippe 1518 - One of the World’s Rarest Collector’s Watches - as Part of an Unprecedented Trilogy of the Historic Reference

To Take Place in Geneva on 12 & 13 November 2016

Highlights on View in Hong Kong, New York, London and Geneva

GENEVA – 22 SEPTEMBER 2016 – Following the record-breaking Spring season which established Phillips as the global market leader in watch auctions, Phillips in Association with Bacs & Russo is delighted to announce a double evening sale dedicated once again to the world’s finest collectible timepieces. Taking place on 12 & 13 November 2016 at Hôtel La Réserve in Geneva, highlights from the sale will be on exhibition in Hong Kong (1 to 5 October), New York (14 to 17 October), and London (22 to 24 October) prior to the pre-sale exhibition in Geneva beginning on 10 November. On view will be the featured top lot – the ne plus ultra of collectible watches – the stainless steel Patek Philippe reference 1518 previously announced here in July.

The Geneva Watch Auction: FOUR to feature an unprecedented triad of all metals of the Patek Philippe reference 1518, amongst many other superb timepieces:

Faithful to its relentless focus on quality, the Phillips Watches team of specialists is proud to offer, for the first time ever in a single sale, all case material configurations produced for the historical Patek Philippe reference 1518. Each example is amongst the finest known in the international community in terms of provenance, originality, and their immaculately well-preserved condition. The world’s first perpetual calendar chronograph produced in series, only 281 examples were made – the vast majority in yellow gold, approximately 44 known in pink gold, and only four known in stainless steel. The timepieces are individually estimated at:

·       Stainless Steel reference 1518: In excess of 3 million CHF

·       Pink gold reference 1518: 600,000 to 1.2 million CHF

·       Yellow gold reference 1518: 250,000 to 500,000 CHF

In addition, Phillips in Association with Bacs & Russo is delighted to present the following, exceptional highlights that will also be offered on November 12th & 13th:

ROLEX
Model name: „The Dragon”
Reference: 6085
Estimate: 500’000 – 1’000’000 CHF

The present reference 6085 is a highly important, possibly unique Rolex wristwatch fitted with a spectacular cloisonné dial depicting a coveted dragon. Rolex wristwatches fitted with cloisonné enamel dials are amongst the world’s most desirable collectible watches. Those depicting a dragon are considered the ultimate motif for the most discerning collectors. Scholarship indicates that only five Dragon dial Rolex models are known to date, each housed in a different reference making this reference 6085 most likely unique. This example’s stunning beauty, uniqueness, and exceptional craftsmanship demonstrate in every way that this was a true Rolex masterpiece when made in 1951. Over 60 years later, it remains a treasure worthy of crowning the world’s finest collections.

 

ROLEX
Model Name: „The Perfect Rose”
Reference: 3330
Estimate: 300’000 – 600’000 CHF

The reference 3330, along with the reference 3335, is considered amongst the rarest and largest pre-Oyster Rolex chronographs ever produced by the firm. Produced in the 1940s, they boasted large cases, unique for the majority of watch brands during this time period, with a diameter of 37 mm. Only a handful of the reference have appeared at auction in the past 15 years, underscoring this model’s utter exclusivity, and the present example in pink gold is, without exaggeration, the world’s most beautiful and best preserved example of the reference one could hope to obtain. Fitted with its original rose-colored, multi-scale dial, every element of the watch is in absolutely pristine condition likely having spent its lifetime of 70 years unused in a safe.

 

ROLEX
Model name: „James Bond” Submariner 4-Liner
Reference: 6538
Estimate: 300’000 – 600’000 CHF

Made in the 1950s, Rolex reference 6538 is known by two nick names, the „James Bond” due to the watch’s appearance on Sean Connery’s wrist in Dr. No, and also by the name „Big Crown” due to its oversized winding crown. A rare and highly desirable „4-liner” variant referring to the four lines of text found on the dial at 6 o’clock, this watch is in our opinion, the most important reference 6538 known in the collecting community due to the spectacular „tropical” dial having aged to a superb and uniform shade of tropical brown. Due to its overall immaculate state of preservation, the present watch holds the record for the highest price ever realized at auction for a Submariner, further highlighting its importance. It is an ultimate trophy for collectors of rare Rolex sports watches.

 

ROLEX

Model name: Cosmograph Daytona "Paul Newman Panda" Tiffany & Co.

Reference: 6263

Estimate: 250’000 – 500’000 CHF

This fresh-to-the-auction market and previously unknown reference 6263 Cosmograph Daytona „Paul Newman Panda” is, according to scholarship, the only known and correct example retailed by Tiffany & Co. Rolex’s exotic dial for the Cosmograph Daytona, with its Art Deco-inspired flare, became known as the „Paul Newman” after the famous actor who wore one for many years. Its combination of utter rarity, exclusivity, and superb state of preservation make this one of the most important and valuable Daytonas in the collecting community, and a trophy watch worthy of a prominent place in the world’s finest collections.

 

PATEK PHILIPPE
Model name: „The Night Watchman”
Reference: 565
Estimate: 200’000 – 400’000 CHF

A superb and unique stainless steel example of Patek Philippe's reference 565 - one of the brand’s most iconic time-only watches from the 1940s. The original owner of this timepiece was a night watchman for Patek Philippe who was gifted the present watch by the firm in recognition of his work and dedication. The black dial with radium numerals and hands was made for ease of use in low light during the guard's night shifts. Preserved in stunning condition, it is the only known example of its type, making it a unique piece.

 

ROLEX
Model name: Cosmograph Daytona "Linz Paul Newman"
Reference: 6239
Estimate: 200’000 – 400’000 CHF

Exceptionally rare and stunning, the present Rolex Cosmograph Daytona, reference 6239, is fitted with the only known Paul Newman dial bearing the prestigious „LINZ” retailer signature. This Texas-based retailer was founded in 1877 and for generations, was one of the U.S.’s earliest and most influential luxury watch retailers. Made in 1968, it is one of the rarest examples of the Daytona reference 6239 known to exist. Linz’s unforgettable logo, with the letter N printed backwards, adds an eccentric and enchanting element to the dial that makes it extremely desirable to collectors.

 

ROLEX
Model Names: Dato Compax and Monoblocco from the Descendant of the Original Owner
References: 4767 and 3525
Estimates: 4767: 200’000 – 400’000 CHF
3525: 50’000 – 80’000 CHF.

An absolutely fresh-to-the-market pair of complicated vintage Rolex chronograph watches coming from the descendent of their original owner, each superb examples, and each purchased from the same Croatia-based retailer, Enrico Nattich. The first is one of the most exciting Dato Compax examples to appear on the market in recent memory. Launched in 1947 and known as the „Jean Claude Killy”, the reference 4767 Dato Compax was Rolex’s first triple calendar chronograph wristwatch in an Oyster case and one of the most complicated watches ever made by the brand. The original owner enjoyed wearing this beautifully preserved watch, fitted with a rare champagne dial, only on weekends. During the week, he chose to wear the stainless steel reference 3525 presented here as his „everyday” watch. Clearly a gentleman of exquisite taste, this reference 3525 is as stunning as the reference 4767 he selected, with a rare black dial that has aged to a wonderful shade of dark brown. Both come accompanied with their original, signed Enrico Nattich Rolex boxes, and each is exceptionally well preserved and in superb condition.

 

OMEGA
Model name: Speedmaster Professional, "Alaska II" Project Watch
Reference: 145.022-69
Estimate: 100’000 – 200’000 CHF

Even before NASA’s most famous Apollo 11 moon landing mission, and under the cover of the codename „ALASKA Project”, OMEGA was working on a secret project to create the perfect space watch. Widely considered as the „holy grail” Omega Speedmaster throughout the collector community, the watch comes accompanied with an additional very large, red anodized aluminum case which serves as a protective heat shield. What makes this lot exceptional is its highly coveted, matte white dial with black racing hands and „Apollo” style register hands.

Made in 1970, scholarship suggests this is one of only three examples of the „ALASKA II” project watch with the original red protective case – one residing permanently in the Omega Museum and the other in a prominent private collection. This prototype watch is therefore amongst the rarest of all Speedmasters.

 

BREGUET
Model name: Type ‘XX’ „Sir Jack Brabham”
Reference: 4962
Estimate: 20’000 – 40’000 CHF

For car aficionados, we are proud to offer a very rare and attractive Breguet Type ‘XX’ formerly the property of the late Sir Jack Brabham, the three-time world champion of Formula 1 car racing (2 April 1926 - 19 May 2014). Brabham won the Formula One World Championships in 1959, 1960 and 1966. In 1966 he became the only man to win a championship in a car that he himself built. In the 1960s, Brabham was featured on a number of Esso Extra Motor Oil ads, and to show their appreciation they gifted him with this prestigious Breguet stainless steel chronograph. This watch was sold on May 5, 1960 to Esso Standards, consistent with the engraving on the caseback that reads „Esso J.B. Champion Du Monde 1959”.

 

The auction will also feature a world-class selection of important and historic military watches made by Rolex for Officine Panerai. The selection includes a very rare reference 3646 Type D made in 1944, a highly desirable reference 6152/1 made in 1955, and an extremely rare reference 6154. Also known as the „Egiziano Piccolo”, less than 20 reference 6154 examples were produced in 1954. Surviving in original, unrestored condition, due to its stunning tropical dial and case condition, no other 6154 is as well documented and prominently published throughout literature as this example.

 

Auction: 12 & 13 November 2016, 6:00 PM

Auction viewing: 10-13 November 2016, Hôtel La Réserve, Geneva

Location: Hôtel La Réserve, Geneva

 

ABOUT PHILLIPS IN ASSOCIATION WITH BACS & RUSSO

The team of specialists at Phillips Watches is dedicated to an uncompromised approach to quality, transparency, and client service, and as a result, in its inaugural year, in just two auction seasons, realized a total of $80.3 million. With ten watches selling for over $1 million, multiple world records including for any stainless steel watch and the highest result ever achieved for a wristwatch sold at auction, Phillips became the market leader in its two selling locations – Geneva and Hong Kong – in 2015.

 

As of May 2016, in its two selling locations, Phillips achieved nearly $53 million in its Spring 2016 auction season, making it the undisputed worldwide market leader. A selection of our recent record-breaking prices:

1       Patek Philippe 5016 (7,300,000 CHF / US $7,300,000) – Only Watch Charity Auction - 7 November 2015 - Highest result ever achieved for a wristwatch at auction

2       Patek Philippe Ref. 130 - (4,645,000 CHF / US $4,987,000) – Geneva Watch Auction: ONE - 10 May 2015 - Highest result ever achieved for a vintage stainless steel wristwatch

3       Patek Philippe 2499 (19,720,000 HKD / US $2,538,000) – Hong Kong Watch Auction: TWO – 31 May 2016 - Highest result ever achieved for any wristwatch sold at auction in Asia

4       Rolex reference 4113 (2,405,000 CHF / US $2,453,000) – START-STOP-RESET - 14 May 2016 - Highest result ever achieved for any Rolex sold at auction

 

ABOUT PHILLIPS

Phillips is a leading global platform for buying and selling 20th and 21st century art and design. With dedicated expertise in the areas of Art, Design, Photographs, Editions, Watches, and Jewelry, Phillips offers professional services and advice on all aspects of collecting. Auctions and exhibitions are held at salerooms in New York, London, Geneva, and Hong Kong, while clients are further served through representative offices based throughout Europe, the United States and Asia. Phillips also offers an online auction platform accessible anywhere in the world.

Visit www.phillips.com for further information.

*Estimates do not include buyer’s premium; prices achieved include the hammer price plus buyer’s premium.

PRESS CONTACTS:

GENEVA – Asta Ponzo, PR Consultant  aponzo@phillips.com  +41 799618566

LONDON - Katie Carder, Press Manager, EMEA  kcarder@phillips.com  +44 20 7901 7938

HEADQUARTERS: LONDON - 30 Berkeley Square, London W1J 6EX | NEW YORK - 450 Park Avenue, New York, NY 10022

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