Patek Philippe

Christie's, Geneva, May 2012, Lot 84

Family of the Original Owner

The word ‘grail’ is a one banded around somewhat liberally in the watch world. Of course, the term in and of itself is very subjective, and what one might consider sufficient to attribute such a status to a watch, another might categorically disagree with. It is the cause of discussion and debate and undoubtedly an enticing and interesting element of watch collecting. There are some watches however that have such universal acclaim that they almost transcend subjectivity, and instead, toy with objectivity.

The present lot, Patek Philippe Reference 2499 ‘First Series’ in pink gold, is undeniably one of these iconic pieces. Recognized by horology enthusiasts worldwide, this reference stands as part of one of the most revered lineages in the history of watchmaking. Yet, this particular example distinguishes itself in a significant way: it is the only publicly known First Series pink gold 2499 with a case made by Wenger, rather than the more common Vichet. Two other pink gold First Series 2499 with Wenger cases are known to exist, but they remain in private collections, making this the only one publicly available. It is worth noting that even the Patek Philippe Museum does not house an example of a First Series pink gold 2499, further underscoring the rarity and historical significance of this watch.

The differences between the Wenger and Vichet cases, while subtle, are impactful. The Vichet case is slightly smaller, measuring approximately 1.5 mm less, and features a flat case back. In contrast, the Wenger case, as seen on this piece, is slightly larger and is characterized by more sculptural lugs, giving the watch a distinct presence on the wrist.

This is only the second time this watch has come to market, having first surfaced in 2012 directly from the family of the original owner. Its superb condition attests to the care it has received over the years. The case remains well-proportioned, with crisp hallmarks and the last three digits of the case number clearly visible between the lugs, sharp and well defined. The dial, with its original off-white patina, has remained remarkably intact, with all the hard enamel tracks perfectly preserved. It is a watch that speaks to its past with integrity, yet remains as vibrant and captivating as the day it was first sold.

Opportunities to acquire a watch of this renown and rarity are exceedingly rare. Reference 2499 was produced between 1950 and 1985 in four distinct series and remains one of the most important perpetual calendar chronographs ever made. It was designed as the successor to the iconic Reference 1518 and for nearly three decades was the only serially produced perpetual calendar chronograph available.

For the serious collector, this is more than just a timepiece; it is a museum-quality example, and arguably the most important version of Reference 2499 ever to come to market. Its rarity cannot be overstated, and it represents a once-in-a-lifetime opportunity to acquire a piece of such importance.