Patek Philippe - The Hong Kong Watch Auction: XVIII Hong Kong Friday, May 24, 2024 | Phillips
  • Manufacturer: Patek Philippe
    Year: 1949
    Reference No: 530
    Movement No: 867’693
    Case No: 511’614
    Material: 18K pink gold
    Calibre: Manual, cal. 13"', 23 jewels
    Bracelet/Strap: Crocodile
    Clasp/Buckle: 18K pink gold Patek Philippe pin buckle
    Dimensions: 36.5mm diameter
    Signed: Case, dial, movement and buckle signed
    Accessories: Delivered with Patek Philippe Extract from the Archives confirming production of the present watch in 1949 with raised hour markers in gold and tachometer scale and its subsequent date of sale on 16th August 1950.

  • Catalogue Essay

    Inspired by the time-only reference 530, the chronograph variant 530 is an incredibly rare watch, so rare that it was never featured in any Patek Philippe catalogue. The earliest examples date back to 1937, while the last ones were produced in 1962, giving the reference a production span of just over two decades. However, it seems to have been an exclusive timepiece offered to VIP collectors who desired a larger-sized chronograph than the standard production reference 130.

    To put this into perspective, its smaller counterpart, the ref. 130, is believed to have been made in approximately 1,500 pieces. In the case of the chronograph 530, only a handful of these watches are known to exist, with literature suggesting that around 140 pieces were made in yellow gold, pink gold, and stainless steel. Out of the 140 examples, approximately 30 were made in pink gold, making it one of the scarcest serially produced pink gold chronograph wristwatches by Patek Philippe. Notably, about half of these pink gold examples have resurfaced in the market.

    Boasting a large 36.5mm case diameter, it was very unusual for a vintage Patek Philippe and the concave bezel makes it a very attractive timepiece even in modern days. One interesting aspect of this model is that it can feature two different lug designs. Some have a lug gauge of 21.5mm, while others, like the present watch, have a 19mm gap, giving it a more masculine and modern appearance. The reference 530 is powered by the Valjoux-based 13''' caliber, and the cases were made by one of the best casemakers at that time George Croisier, as identified by the "5" inside a key stamped to the inside case back.

    When the watch originally appeared on the market, the dial showed very prominent signs of aging. However, it has been professionally cleaned, bringing back its original shine and beauty. With its exceptionally sharp case, crisp hallmarks on the band, and an equally impressive dial, this timepiece would undoubtedly be considered one of the crown jewels in any of the world's most important vintage watch collections.

  • Artist Biography

    Patek Philippe

    Swiss • 1839

    Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.

    Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.

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Property from an Important Asian Collector

Σ1050

Ref. 530
An extremely fine, rare and very attractive oversized pink gold chronograph wristwatch with tachymeter scale

1949
36.5mm diameter
Case, dial, movement and buckle signed

Estimate
HK$2,000,000 - 3,000,000 
€240,000-360,000
$256,000-385,000

Sold for HK$2,159,000

Contact Specialist

Thomas Perazzi
Deputy Chairman, Watches, Head of Watches, Asia
+852 2318 2031
WatchesHK@phillips.com
 

Gertrude Wong
Head of Sale, Hong Kong
+ 852 2318 2045
gertrudewong@phillips.com
 

The Hong Kong Watch Auction: XVIII

Hong Kong Auction 24 - 25 May 2024