The most expensive wristwatch has sold at auction over the weekend. The watch in question as one of the three Patek Philippe ref.1518 models sold over the two day Phillips Auction House sale. This rare stainless steel Patek Philippe set the auction record of 7.7 million pounds! The bidding took place with more than seven bidders. We are rather jealous, as it must have been extremely exciting to watch! Let us take a look at the wonderful 1518 series to see why it is so special...
The time piece from the Swiss company's 1518 series sold for 11,002,000 Swiss francs following a 13-minute bidding war. We are not surprised, as it is rather stunning! When Patek Philippe introduced the 1518 series in 1941, they were the first-ever perpetual calendar chronographs. This means they were the first watches that had both a stop-watch function as well as a calendar.
During the Second World War in 1941, at the Swiss Watch Fair Basel (today known as Baselworld), Patek Philippe introduced what was a revolutionary wristwatch. The ref. 1518 was the first perpetual calendar chronograph wristwatch ever produced by any brand in series. This was clearly and important moment in horological history.
Today's Patek PhilippeGrand Complications 5073P-001 with beautiful black lacquered dial.
Patek Philippe produced 281 examples of the 1518, and most were yellow gold. There were over 50 rose gold versions and the rarest is the stainless steel version. Today, the reference 1518 is extremely iconic. It has an incredibly classic style and beauty.
Whilst we unfortunetely do not have a stunning 1518 available in store, we do have some incredible Patek Philippe timepieces. We particularly like this rare ladies Patek Philippe annual calendar in 18ct yellow gold. It has a mother of pearl dial and diamond bezel, and also features a Patek Philippe folding clasp, sapphire crystal exhibition case back and an automatic self-winding movement.
This watch is from 2005 and comes complete with its original Patek Philippe box and paperwork. The case diameter of this watch is 36mm excluding the crown and is such a size that it might appeal to both men and women. We think it is just stunning!