Patek Philippe 18k & Diamond Watch - Feb 15, 2016 | Louis J. Dianni, Llc In Fl
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Patek Philippe 18K & Diamond Watch

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Patek Philippe 18K & Diamond Watch
Patek Philippe 18K & Diamond Watch
Item Details
Description
Description: Patek Philippe watch with manufacturer's diamond surround. Each stone 2.75 mm round for a total estimated carat weight of 2.4 each set with a single prong, as well the bezel is undercut and acts as a second prong to receive and fasten the diamonds grading VS1, H.A leather band bears the company name on one half and the logo on the other(verso). Sleek, thin, mid-century modern face design.

History: Patek Philippe & Co. (PP) is a Swiss watch manufacturer founded in 1851, located in Geneva and the Vallée de Joux. It designs and manufactures timepieces and movements including some of the most complicated mechanical watches. It is considered by many experts and aficionados to be one of the most prestigious watch brands along with Audemars Piguet, Vacheron Constantin, and A. Lange & Söhne.[4] Past owners of Patek Philippe watches include Pope Pius IX, Queen Victoria, Victor Emanuel III of Italy, Christian IX of Denmark.Polish watchmaker Antoni Patek started making pocket watches in 1839 in Geneva, along with his fellow Polish partner Franciszek Czapek. They separated in 1844, and in 1845 Patek joined with the French watchmaker Adrien Philippe, inventor of the key-less winding mechanism. Patek Philippe & Co was founded in 1851. Patek Philippe pioneered the perpetual calendar, split-seconds hand, chronograph, and minute repeater in watches.[citation needed] In 1976 the Swiss watchmaker introduced the Nautilus collection after deciding that it was time to also produce an exclusive sport watch with finishes of the highest quality. "The new model had a key role for Patek's overall marketing strategy as it had to refresh the brand image while perpetuating tradition. The target was represented by dynamic business managers of the new generations".[5] Like other Swiss manufacturers, the company produces mostly mechanical movements of the automatic and manual wind variety, but has produced quartz watches in the past, and a digital wrist watch, the Ref. 3414. Patek were notable for being one of 20 Swiss watch companies to develop the first Swiss production watch the beta 21 used by other manufactures in watches such as the Omega Electroquartz watches Patek Philippe is notable for manufacturing its own watch components.[3] Patek Philippe timepieces have recorded high prices in auctions worldwide. A large part of the demand for auction pieces is driven by Patek Philippe themselves, as they are often purchasing in the auction market to add to the collection of the Patek Philippe Museum in Geneva.[6][7][8] In 2010, the company produced 40,000 watches.[9] According to Thierry Stern, in 2012, they produced 50,000.[10] The company has been owned by the Stern family since 1932, and, as of the late 2000s, led by Philippe Stern and his son Thierry Stern, who took over the reins from his father in 2010The Henry Graves Supercomplication timepiece, made by the luxury watchmaker Patek Philippe in 1933 for the prominent banker Henry Graves, was sold at Sotheby's in Switzerland. The sale smashed the world record for the most expensive watch ever sold at auction, which was previously held by the same watch. In 1999, it was sold to Sheikh Saud Bin Mohammed Bin Ali Al-Thani of the Qatari royal family, for $11 million. Patek Philippe produced an ultra-complicated (with 24 functions) pocket-watch for Henry Graves, Jr., who entered into a friendly horological competition with James Ward Packard, which resulted in the production of the watch (known as "The Supercomplication") sold to Mr. Graves in 1933. After his death, the watch was auctioned at Sotheby's in December 1999 for USD11,000,000, at that time the most expensive timepiece ever sold.[12] The Henry Graves Supercomplication most recently sold at Sotheby's Geneva Auction on 11 November 2014 for a record breaking $24 million.[13] On April 10, 2008, "Ref. 5002P Sky Moon Tourbillon" a platinum Patek Philippe tourbillon wristwatch made the world record as the most expensive modern wristwatch sold at Hong Kong Sotheby's for HK$11.75 million ($1.4 million US). The record was held along Vacheron Constantin Tour de l'Ile wristwatch, which sold at Antiquorum for $1.4 million in Geneva in 2005.[14] On May 10, 2010, a Patek Philippe wristwatch became the most expensive to be sold at auction (one must not assume the auction prices as the actual prices of watches) when purchased by a Swiss museum, through Christie's in Geneva, for 6.26 million Swiss francs ($5.50 million US). The chronograph wristwatch,[15] from yellow gold, has a perpetual calendar and moonphase display, and was produced in 1943 in the Geneva manufacture of Patek Philippe. On June 7, 2013, a Patek Philippe wristwatch reference #2499 became the most expensive to be sold online at auction when purchased by a California collector, through Auctionata in Berlin, for 471,000 Euro ($611,000 US). The chronograph wristwatch,[16] from yellow gold, has a perpetual calendar and moonphase display, and was produced in 1953 in the Geneva manufacture of Patek Philippe.The Henry Graves Supercomplication timepiece, made by the luxury watchmaker Patek Philippe in 1933 for the prominent banker Henry Graves, was sold at Sotheby's in Switzerland. The sale smashed the world record for the most expensive watch ever sold at auction, which was previously held by the same watch. In 1999, it was sold to Sheikh Saud Bin Mohammed Bin Ali Al-Thani of the Qatari royal family, for $11 million. Patek Philippe produced an ultra-complicated (with 24 functions) pocket-watch for Henry Graves, Jr., who entered into a friendly horological competition with James Ward Packard, which resulted in the production of the watch (known as "The Supercomplication") sold to Mr. Graves in 1933. After his death, the watch was auctioned at Sotheby's in December 1999 for USD11,000,000, at that time the most expensive timepiece ever sold.[12] The Henry Graves Supercomplication most recently sold at Sotheby's Geneva Auction on 11 November 2014 for a record breaking $24 million.[13] On April 10, 2008, "Ref. 5002P Sky Moon Tourbillon" a platinum Patek Philippe tourbillon wristwatch made the world record as the most expensive modern wristwatch sold at Hong Kong Sotheby's for HK$11.75 million ($1.4 million US). The record was held along Vacheron Constantin Tour de l'Ile wristwatch, which sold at Antiquorum for $1.4 million in Geneva in 2005.[14] On May 10, 2010, a Patek Philippe wristwatch became the most expensive to be sold at auction (one must not assume the auction prices as the actual prices of watches) when purchased by a Swiss museum, through Christie's in Geneva, for 6.26 million Swiss francs ($5.50 million US). The chronograph wristwatch,[15] from yellow gold, has a perpetual calendar and moonphase display, and was produced in 1943 in the Geneva manufacture of Patek Philippe. On June 7, 2013, a Patek Philippe wristwatch reference #2499 became the most expensive to be sold online at auction when purchased by a California collector, through Auctionata in Berlin, for 471,000 Euro ($611,000 US). The chronograph wristwatch,[16] from yellow gold, has a perpetual calendar and moonphase display, and was produced in 1953 in the Geneva manufacture of Patek Philippe.The Henry Graves Supercomplication timepiece, made by the luxury watchmaker Patek Philippe in 1933 for the prominent banker Henry Graves, was sold at Sotheby's in Switzerland. The sale smashed the world record for the most expensive watch ever sold at auction, which was previously held by the same watch. In 1999, it was sold to Sheikh Saud Bin Mohammed Bin Ali Al-Thani of the Qatari royal family, for $11 million. Patek Philippe produced an ultra-complicated (with 24 functions) pocket-watch for Henry Graves, Jr., who entered into a friendly horological competition with James Ward Packard, which resulted in the production of the watch (known as "The Supercomplication") sold to Mr. Graves in 1933. After his death, the watch was auctioned at Sotheby's in December 1999 for USD11,000,000, at that time the most expensive timepiece ever sold.[12] The Henry Graves Supercomplication most recently sold at Sotheby's Geneva Auction on 11 November 2014 for a record breaking $24 million.[13] On April 10, 2008, "Ref. 5002P Sky Moon Tourbillon" a platinum Patek Philippe tourbillon wristwatch made the world record as the most expensive modern wristwatch sold at Hong Kong Sotheby's for HK$11.75 million ($1.4 million US). The record was held along Vacheron Constantin Tour de l'Ile wristwatch, which sold at Antiquorum for $1.4 million in Geneva in 2005.[14] On May 10, 2010, a Patek Philippe wristwatch became the most expensive to be sold at auction (one must not assume the auction prices as the actual prices of watches) when purchased by a Swiss museum, through Christie's in Geneva, for 6.26 million Swiss francs ($5.50 million US). The chronograph wristwatch,[15] from yellow gold, has a perpetual calendar and moonphase display, and was produced in 1943 in the Geneva manufacture of Patek Philippe. On June 7, 2013, a Patek Philippe wristwatch reference #2499 became the most expensive to be sold online at auction when purchased by a California collector, through Auctionata in Berlin, for 471,000 Euro ($611,000 US). The chronograph wristwatch,[16] from yellow gold, has a perpetual calendar and moonphase display, and was produced in 1953 in the Geneva manufacture of Patek Philippe.

Provenance: N/A

Dimensions: Weight (Pounds & Ounces) = 0.1 | Height(in) = 9 | Width(in) = 1 | Depth(in) = 0.1875

Size of Artwork(in): Face 29 mm x 27mm

Artist Name: Patek Philippe

Medium: Gold, diamond

Circa: C. 1966
Condition
Excellent, scratching to inside of movement cover, running well at the time of inspection, minor wear.
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Patek Philippe 18K & Diamond Watch

Estimate $8,000 - $12,000
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Starting Price $100
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LOUIS J. DIANNI, LLC

LOUIS J. DIANNI, LLC

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