Auction Watch: Patek Philippe Ref. 2499 ‘First Series’ and Independents at Phillips Hong Kong
As the Geneva auctions are almost concluded – with the Patek Philippe ref. 2523 cloisonné world time having sold for US$7.83 million – it’s on to the Hong Kong sales that’ll take place in a few weeks. At Phillips’ Hong Kong auction, the top lot is, unsurprisingly, a complicated Patek Philippe. Specifically, a first-series ref. 2499 in yellow gold, which is not exceptionally uncommon in itself, but this example has a rare Wenger case and a valuable piece of paper – the original certificate from 1956. The sale also encompasses another ref. 2499 with its original certificate, a third series in yellow gold that’s more accessibly priced, along with an interesting selection of independent watchmaking. Notably, the line up includes a Harry Winston Opus 1 Tourbillon by F.P. Journe, along with an Opus V by Urwerk. The Phillips Hong Kong watch auction will happen on June 5 and 6, and the full catalogue is available online at Phillips.com. 2499 duo Most of the first-series ref. 2499s had cases made by Emile Vichet, a Geneva case maker that supplied the cases for the first two years of the model’s production, making about 10 cases in yellow gold and about four in pink. Patek Philippe then turned to Ed. Wenger, another Geneva case maker run by brothers Edouard and Andre, for the rest of the first-series, as well as all subsequent series until 1982 when Patek Philippe starting making its own cases. Only about 30 yellow gold cases were made by Wenger for the first-serie...
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