Yasuharu Abe's Patek Theory ~59th~ [PHILLIPS] Watch Auction 2021.05/08-09 Vol.1

hello everyone.

It's that time of year again for the auction.

This time, I would like to talk about Patek Philippe watches for two weeks based on the results of the PHILLIPS watch auction held in Geneva, Switzerland on Saturday, May 8th and Sunday, May 9th. *Please note that many of my personal opinions are included.

*The price is the winning auction price plus a commission fee (26%).
*The exchange rate for Japanese yen will be based on the rate immediately prior to the auction.
*CHF (Swiss Franc) = 121.15 yen
*All images are from PHILLIPS

Lot.7 Nautilus SS "Ref.5711/1A-001"

CHF 138,600,000 (JPY 16,791,390)

This is a relatively early example of the discontinued Nautilus "Ref. 5711" sold in 2008. Since it was an auction, I think the price was much higher than the domestic and international market prices, but it's a dream come true that only an auction can offer (lol).

Lot.28 World Time Cloisonné 18KRG "Ref.5131R-011"

CHF 119,700 (JPY 14,501,655)

This is the Cloisonné series "Ref. 5131" with an 18KRG (rose gold) case, based on the World Time "Ref. 5130". As I have mentioned many times in my columns, the world map drawn in Cloisonné at the center of the dial has something that looks like Japan, and I personally like this model, including the color. I thought the price had settled down compared to a while ago, but I think it was a pretty good price. It's truly an auction piece watch.

Lot.30 Nautilus Chronograph 18KRG "Ref.5980/1R-001"

CHF 201,600 (JPY 24,423,840)

The Nautilus Chronograph "Ref. 5980/1R-001" has an 18KRG (rose gold) case. This model is very popular and in high demand overseas, and I think the winning bid price at auction is close to the market price. It seems that there are few units in stock at authorized dealers, and the lack of units in circulation is also one of the reasons for the high price.

Lot.33 World Time Cloisonné Double Crown 18KYG "Ref.2523"

CHF 7,048,000 (JPY 853,865,200)

First, let's look at the winning bid amount... (laughs)
That's because it is said that only 12 World Time "Ref. 2523" cloisonné dials exist in the world, and only three of these Eurasian designs were made. The watch put up for auction is one of them. According to the archives, it was manufactured in 1953, so it is amazing that such a rare watch, nearly 70 years old, still exists in this condition. This is truly an auction piece.

Lot.62 Perpetual Calendar Chronograph 18KRG "Ref.5270R-001"

CHF 138,600 (JPY 16,791,390)

The Ref. 5270R-001 is a perpetual calendar chronograph with an 18KRG (rose gold) case and leather strap, which is no longer in production. The current model, the Ref. 5270J-001, with an 18KYG (yellow gold) case and leather strap, has a domestic list price of 20,251,000 yen (tax included), so this winning bid price can be considered reasonable.

Lot.64 Nautilus Platinum "Ref.5711P"

CHF 567,000 (JPY 68,692,050)

Many people may know about the "Ref. 5711P" that was released in 2016 to commemorate the 40th anniversary of the Nautilus, with a limited run of 700 pieces, but this model is different from that one, and it was not even featured in the catalog. It seems that only about 50 pieces were made for VIP customers. I remember seeing it once in the past from a customer, but it is a watch that you rarely see unless you go to an auction.

Lot.67 Nautilus Petite Complication TIFFANY&CO. SS "Ref.5712/1A-001"

HKD 252,000 (JPY 30,529,800)

This is a popular long-selling model, the Nautilus Petit Complication with a SS (stainless steel) bracelet, with a "TIFFANY & CO." double name. It is a high-year model from October 2016, and the warranty is the same as the current model. Furthermore, if it is a single shield with an unopened plastic bag, the price may be reasonable. Commit Ginza has sold the "TIFFANY & CO." double name model, but does not handle the Nautilus, so this is a watch that we would like to introduce to you.

Lot.68 Nautilus 18KRG "Ref.5711/1R-001"

CHF 144,900 (JPY 17,554,635)

The Nautilus "Ref. 5711" 18KRG (rose gold) case model "Ref. 5711/1R-001". I don't think there are many of these in circulation to begin with, but I think they've been seen less and less recently. The warm 18KRG (rose gold) case and brown dial are very beautiful. Considering the trend of the SS (stainless steel) model "Ref. 5711", I wonder what will happen to this model in the future...

Lot.69 Nautilus 18KYG "Ref.3700/11"

CHF 226,800 (JPY 27,476,820)

The first Nautilus, commonly known as the "Jumbo", is an 18KYG (yellow gold) case model, "Ref. 3700/11". The SS (stainless steel) case "Jumbo" is now rarely seen outside of auctions, but the 18KYG (yellow gold) case is even rarer. The condition of the case and bracelet of this model seems to be good, which may have influenced the winning bid, but considering the recent popularity of the Nautilus, this is also a natural result.

Lot.71 Nautilus Chronograph SS "Ref.5980/1A-001"

HKD 119,700 (JPY 14,501,655)

The first chronograph model, the "Ref. 5980/1A-001," was released to commemorate the 30th anniversary of the Nautilus. It is perfect in terms of size and design, and I think it is a cool model no matter how many times you look at it. Considering the price hike of regular Nautilus, I think it might be a good buy.

Lot.72 Perpetual Calendar Chronograph 18KWG "Ref.5020G"

CHF 189,000 (JPY 22,897,350)

The Ref.5020G, commonly known as the "TV Screen", was released in 1994 and only lasted for eight years, making it a rare model on the market. Many people have seen the Ref.3970, which was produced at the same time, but few people have seen this model. Compared to the Ref.3970, it has a more impressive size and the dial with Breguet hands and Breguet numerals on the upright index is very cool.

Lot.100 Perpetual Calendar Chronograph 18KYG "Ref.2499"

CHF 852,800 (JPY 103,316,720)

This is the third series of the "Ref. 2499," the second generation of Patek Philippe 's perpetual calendar chronograph. It was produced in large numbers among the "Ref. 2499," and it gives the cleanest impression. I remember that until recently, one was always offered at every auction, but I think that there are fewer offers at recent auctions. Judging from the photos, the condition of the dial and case is excellent, which I think is reflected in the winning bid price. This is a model that I would like to handle at Commit someday.

summary

What did you think.

I think one of the great things about overseas auctions is that you can see incredible models that you normally don't get to see, as well as extremely rare antique watches.

As you may have noticed, this was the first auction since the announcement that the Nautilus was discontinued, so there were a lot of Nautilus watches up for auction, and overall there were a lot of Patek Philippe watches up for auction. I am very happy about this.

As I mentioned at the beginning, next time I will report on the results of the PHILLIPS auction.

Please look forward to it.

see you!