Patek Philippe 1955 Ref 2512/1
The Important Watches & Clocks auction totalled $11,672,988, marking the highest result for a various-owners sale of watches and clocks at Sotheby’s New York. In addition to the Sympathique, both vintage and modern wristwatches by Patek Philippe dominated the day’s top results, led by A Fine and Extremely Rare Massive 18K Yellow Gold Centre Seconds Wristwatch, 1955, Ref 2512/1 that achieved $962,500, more than five times its high estimate of $150,000.
The watch is a legend among collectors of Patek – at 46 millimeters in diameter, the dimensions of this reference are truly extraordinary, and the present example has remained in the same private collection since it was sold at Sotheby’s in June 1988.
In the coming months the Henry Graves Supercomplication by Patek Philippe could also find its way under the hammer for the first time since 1999 when it reached a record The $11,002,500. Sheikh Saud Mohammed bin Al Thani of Qatar has recently returned the priceless watch to Sotheby’s as a partial payment of $42m owing in unpaid auctions wins.