Phillips in Association with Bacs & Russo announces a legendary Patek Philippe Reference 2523/1 in Rose Gold to be offered during its Geneva Watch Auction XII

Phillips in Association with Bacs & Russo has announced the sale of a Patek Philippe reference 2523/1 world time wristwatch in rose gold, to be auctioned during The Geneva Watch Auction: XII on 6 and 7 November, 2020. The star lot of Phillips’ upcoming double-evening auction, this extremely rare double-crowned world time model with guilloché dial is one of only four known.

This masterpiece is one of the most breathtaking examples of the iconic reference 2523/1, by far the most appreciated, elegant, collectible and sought-after world time models ever produced by any manufacturer.

Launched in 1953, the reference 2523 featured a new two-crown system, one for winding the watch and the other at 9 o’clock controlling the city disc. Two versions were available, reference 2523 with larger lugs sitting above the bezel and reference 2523/1 with a slightly larger diameter and thinner lugs no longer sitting above the bezel.

Patek Philippe Reference 2523/1 from 1953 in pink gold, Estimate: CHF 2,000,000 - 4,000,000
Patek Philippe Reference 2523/1 from 1953 in pink gold, Estimate: CHF 2,000,000 – 4,000,000

When introduced to the market this new double crown world time was not a commercial success resulting in very few pieces manufactured. Beyond the appeal of the reference itself, this example sports two extremely remarkable features – first and foremost, its case is preserved in perfect and unspoiled condition.

It preserves its original polished and brushed surfaces, and the characteristic angular and faceted lugs are perfectly crisp. The model responds particularly badly to polishing, as even the lightest intervention dulls its sharp angles.

Secondly, its dial is fitted with superb guilloché pattern. It is one of only four known pink gold 2523/1 with guilloché dial and only one of two to ever appear at auction. Out of the four known reference 2523/1 in pink gold with guilloché dial, one is in the Patek Philippe museum and the other two have been in private European collections for over fifteen years.

Auction schedule

The Geneva Watch Auction: XII – November 6 & 7, 2020.

Stay tuned for more updates.