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Auctions: rare Patek Philippe 1518 in steel on sale this Fall

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Phillips Watches has just announced that, on occasion of its Fall 2016 "Geneva Watch Auction: FOUR" auction, it will offer one of the most sought after wristwatch by top collectors: a Patek Philippe reference 1518 in a stainless steel case.

Produced from 1941 to the 1954, the reference 1518 represented a breakthrough for the watchmaking industry as it was the first perpetual calendar chronograph wristwatch ever manufactured in series by any brand. The model was later replaced by reference 2499, also a perpetual calendar chronograph, but with a wider diameter and fluted lugs.

The beautiful dial features applied Arabic numerals, outer railway five minute divisions and tachymetre scale, three subsidiary dials for constant seconds, 30 minutes register and moon phases with date and two windows for day and month at 12 o’clock.

Only 281 examples of Reference 1518 were produced, the majority of them in yellow gold with only a few in pink gold.

A stainless steel 1518 is a much rarer item. In fact, only four are known to exist. Of the four, three have at some point appeared at auction, with the last one selling over a decade ago.

The fourth example is the watch to be offered in November. Never appeared at a public auction, this watch has always and exclusively been held in private collections.

The estimate is expected to be in excess of US$ 3.0 million.

Geneva Watch Auction: FOUR
12, 13 November 6pm CEST, Hotel La Réserve

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