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The Intrigue & Significance of the Patek Philippe Owned by the Last Emperor of China SJX Watches
Patek Philippe Owned Mar 18, 2023

The Intrigue & Significance of the Patek Philippe Owned by the Last Emperor of China

A historically important Patek Philippe Calatrava ref. 96 with full calendar and moon phase will soon be offered at Phillips, but the news isn’t so much about the watch itself but the story behind it. While extraordinarily rare in itself, the ref. 96 quantieme lune is exceptional for its provenance: its original owner was Aisin-Gioro Puyi, the last emperor of China and heir to a 4,000-year old imperial throne. As the final ruler of the Qing Dynasty, Puyi was arguably a hapless individual overcome by circumstances and overtaken by history – a life dramatised in the Bernardo Bertolucci’s film The Last Emperor – leaving him with a mixed reputation and legacy. The ref. 96, however, makes clear his appreciation of mechanical timepieces. Yet this long-lost imperial watch is extremely flawed on its face. But the heavily-aged dial, seemingly severely damaged, also echoes the tale of Puyi’s brief reign, a turbulent time when an empire met its end and a feudal dynasty was transformed into a modern nation. Image – PaddleWaves An Emperor’s timekeeper Ascending the throne at age two in 1908, Puyi was destined for a life of absolute power. But shortly after, the child Emperor witnessed the collapse of Imperial China and his family’s four century-old dynasty in the wake of the Xinhai Revolution of 1911 that gave birth to the Republic of China. In 1932, perhaps unwitting or naive, he became the titular ruler of Manchukuo, the puppet state of Manchuria that was controlle...

Why Andy Warhol’s Patek Philippe ref. 2526 up for sale at Sotheby’s is the one to buy Time+Tide
Patek Philippe ref 2526 up Mar 4, 2023

Why Andy Warhol’s Patek Philippe ref. 2526 up for sale at Sotheby’s is the one to buy

Trends come and go, and the hype around particular watches, or watch segments, shift over time. These days, for example, integrated designs are all the rage – particularly in steel. And certain bold colour expressions begin to inundate the market, becoming certified colours of the year. But, while many lust over various in-trend watches of … ContinuedThe post Why Andy Warhol’s Patek Philippe ref. 2526 up for sale at Sotheby’s is the one to buy appeared first on Time+Tide Watches.

Up Close: Patek Philippe Ref. 5935A World Time Flyback Chronograph SJX Watches
Patek Philippe Ref 5935A World Time Dec 5, 2022

Up Close: Patek Philippe Ref. 5935A World Time Flyback Chronograph

While much of the buzz around Patek Philippe’s recent launches has been centred on the Nautilus ref. 5811/1G in white gold, the year has been mostly about other than the Nautilus and Aquanaut. Amongst the most notable new launches for 2022 is the World Time Flyback Chronograph ref. 5935A-001. Continuing with Patek Philippe’s development of steel watches beyond its traditional sports models, the ref. 5935A is a striking new take on a model that made its debut in 2016. Previously available only in precious metals (namely white gold or platinum), the ref. 5935A is the first of the model in stainless steel – and one of the brand’s few complicated watches in the metal. And the ref. 5935A is larger in diameter than its predecessor, but its most eye-catching feature is the dial in “rose-gilt opaline” (or “salmon” if you wish). Initial thoughts A World Time in steel is a big deal because the world time is arguably an iconic watch for Patek Philippe. Select vintage examples are amongst the handful of Patek Philippe references that can sell for high-seven or even eight figures. Granted the ref. 5935A adds a chronograph into the mix, but it is still modern take on a signature complication. The ref. 5935A retains the familiar Louis Cottier-type world time display that’s almost synonymous with Patek Philippe, but with contemporary materials and colours. And at 41 mm it is also larger than usual for a Patek Philippe complication, giving it something of a sporty feel...

Hands-On: Patek Philippe Ref. 5004J-017 “Michael Ovitz” SJX Watches
Patek Philippe Ref 5004J-017 “Michael Ovitz” Nov 26, 2022

Hands-On: Patek Philippe Ref. 5004J-017 “Michael Ovitz”

Going on the block at Christie’s upcoming Hong Kong auction is the Patek Philippe ref. 5004J “Michael Ovitz”. It’s lot 2520 and one of the watches from The Triazza Collection, an impressive accumulation of watches owned by a prominent Hong Kong businessman. The collection is heavy on Patek Philippe. Amongst the other timepieces in the collection is the Patek Philippe tourbillon pocket watch that won first prize at the Geneva Observatory in 1931 (which is also being offered in the same auction) and the Patek Philippe ref. 2499 that once belonged to Eric Clapton (but is not for sale, yet). “MSO” – Michael Steven Ovitz The “MSO” initials on this ref. 5004J instantly reveal it was one of the many, I would two dozen at least, special-order watches that Patek Philippe made for Michael Ovitz starting in 2011. Often described as a “super agent”, Mr Ovitz cofounded Creative Artists Agency (CAA), once the dominant talent agency in Hollywood. After a short-lived spell at Disney, he’s now known for his impressive art collection, some of which is on show in his equally impressive home in California. Though the reason behind Patek Philippe’s accommodation of Mr Ovitz is not publicly known, industry lore has it that the watches were an expression of gratitude by the Sterns after Mr Ovitz assisted them in a significant way. Mr Ovitz has only commented on these watches publicly once, in a 2021 article in Robb Report: “It was the first time Ovitz, who has be...

Patek Philippe Introduces the Jewelled Ref. 5271 with Sapphires or Rubies SJX Watches
Patek Philippe Introduces Nov 17, 2022

Patek Philippe Introduces the Jewelled Ref. 5271 with Sapphires or Rubies

Patek Philippe has introduced two variants of its classic paired complication: the Perpetual Calendar Chronograph Ref. 5271/11P and Ref. 5271/12P are set with blue sapphires and rubies respectively, with each having a graduated finish dial in a matching colour. Both new references retain the look and feel of the ref. 5270 but certainly pack a punch with their flamboyant jewelled cases. The first serially-produced gem-set variants of the reference in 11 years, the new pair joins the existing diamond-set ref. 5271P as the bling versions of Patek Philippe’s archetypal complication. Initial thoughts Much of the excitement over new releases from Patek Philippe tend to be centred on its sports watches nowadays but that’s not all that the brand has been doing. At Watches & Wonders in March, the brand launched a new version of the longstanding ref. 5270 that featured a smoked green dial that was widely applauded (no doubt in part due to the current popularity of the colour). But the recent launches left me wondering, what else can Patek Philippe do to up its game beyond its mastery of complications? Well, now we have an answer. In terms of the design, the new ref. 5271s retain the classic layout and distinctive feel of the perpetual calendar chronographs that the brand is known for, but with a few adjustments to the dial that give it a more contemporary feel. And then the coloured gemstones transform a watch that is ordinarily sedate into something over the top. While gem-se...

Behind The Lens: The Ultra-Rare Patek Philippe Reference 5070J-013 – Reprise Quill & Pad
Patek Philippe Reference 5070J-013 – Reprise Nov 13, 2022

Behind The Lens: The Ultra-Rare Patek Philippe Reference 5070J-013 – Reprise

As most folks who follow Patek Philippe are aware, the brand has long been in the habit of making unique watches for special customers, including in recent times entertainment luminaries such as Eric Clapton and Michael Ovitz. It was not until 2015, however, that Patek Philippe publicly issued a number of small editions of previously discontinued references, each in previously unmade metal/dial combinations. This Patek Philippe Reference 5070J-013 is one of those ultra-rare birds. And GaryG wonders if it might bring yellow gold back into fashion single-handedly.

Patek Philippe’s Split-Seconds Chronograph Perpetual is Now Left Handed SJX Watches
Patek Philippe s Split-Seconds Chronograph Perpetual Oct 16, 2022

Patek Philippe’s Split-Seconds Chronograph Perpetual is Now Left Handed

The combination of split-seconds chronograph and perpetual calendar has been a mainstay in Patek Philippe’s catalogue ever since the ref. 5004, but the brand’s latest take on the concept is unorthodox. The Split-Seconds Monopusher Chronograph Perpetual Calendar ref. 5373P-001 is described by Patek Philippe as designed for “left handers” and has its crown and pushers on the left side of the case. Essentially an inverted version of the ref. 5372P that’s now discontinued, the ref. 5373P is the first “destro” timepiece among the brand’s regular production offerings, but the movement is classic Patek Philippe. Like the earlier versions of the model, the ref. 5373P is powered by the CHR 27-525 PS Q, a gorgeous, refined, and extremely slim movement that’s amongst the thinnest split-seconds chronographs ever made. Initial thoughts The ref. 5373P is paradoxical. It’s not majorly different from its predecessor, in fact it’s just a rotated case and new dial, but the watch looks and feels entirely different from the ref. 5372P. The left-handed case sets it apart, as does the high-contrast livery. The black-and-red colour scheme seems mismatched to the elegant form of the watch – the case and movement are both impressively slim – but I can imagine this will have a strong appeal for someone seeking something different yet fundamentally classic Patek Philippe high horology. This clearly stands out in the catalogue, offering an alternative that is recognisably di...

This is the first musical shoutout of Patek Philippe. And no, it’s not hip-hop, it’s prog-rock… Time+Tide
Patek Philippe Oct 2, 2022

This is the first musical shoutout of Patek Philippe. And no, it’s not hip-hop, it’s prog-rock…

In the world of popular music, Patek references are all over hip hop, with mentions in rhyme from Jay-Z to Migos. But surprisingly, the first lyrical mention of the brand has nothing to do with rap. No, the first time “Patek Philippe” was heard in song comes from a ’70s British progressive rock supergroup finding … ContinuedThe post This is the first musical shoutout of Patek Philippe. And no, it’s not hip-hop, it’s prog-rock… appeared first on Time+Tide Watches.

Business News: Patek Philippe Acquires Stakes in Geneva Gem-Setting Giant SJX Watches
Patek Philippe Acquires Stakes Sep 14, 2022

Business News: Patek Philippe Acquires Stakes in Geneva Gem-Setting Giant

Little know outside the industry but a key supplier to the biggest watch brands, Salanitro S.A. is Switzerland’s biggest gem-setting and jewellery specialist catering to watchmakers. Owned by its namesake founder until now, Salanitro now counts Patek Philippe as a shareholder. Founded three decades ago by Pierre Salanitro, the company is located a Geneva suburb not far from Rolex headquarters. A discreet but well-connected individual, Mr Salanitro built his company both organically and through acquisitions, creating an enterprise that’s the preeminent jewellery and gem-setting specialist for the watch industry. Today Salanitro far exceeds the competition in scale with annual revenue in the high nine figures and over 230 employees, more than half of them gem-setters. The company covers all the bases when it comes to jewelled watches: it supplies, cuts, and sets gemstones, and also produces components with the three dozen CNC mills on its premises. Gem-setters at work in Salanitro’s facility. Image – Salanitro The art of gem-setting is a manual process that requires deft hands. Image – Salanitro Mr Salanitro’s three children have no involvement in the business, explaining his desire to seek a strategic investor.  “I am very proud and delighted that Patek Philippe has acquired a stake in my company,” says Mr Salanitro, “[The brand is] the ideal partner for securing the firm’s future… [and] continue our activities and guarantee jobs beyond generations....

Up Close: Patek Philippe Calatrava Ref. 5226G SJX Watches
Patek Philippe Calatrava Ref 5226G Continuing Aug 11, 2022

Up Close: Patek Philippe Calatrava Ref. 5226G

Continuing the brand’s well-known intentions to liven up the Calatrava, Patek Philippe unveiled a brand-new take on its quintessential dress watch at Watches & Wonders earlier this year, the Calatrava ref. 5226G-01. The ref. 5226G indicates where the Calatrava line is going – more contemporary design, albeit still informed by vintage models hence the faux vintage lume, which is enhanced with sharper and higher quality detailing. Despite an entry-level watch of sorts (despite a substantial price tag), the ref. 5226G is nonetheless elaborately executed. The hobnail decoration found on last year’s ref. 6119 “Clous de Paris”, for instance, has been repurposed and applied to the case band. The dial gets a pronounced grained finish And the case a clous de Paris decoration Initial thoughts I first encountered the ref. 5226G in larger-than-life format when it appeared on the floor-to-ceiling display on the side of Patek Philippe at Watches & Wonders. The scale of the projection meant the patterned dial and hobnail case were instantly obvious. Though unexpected elements in an entry-level Patek Philippe, they work well together, both on screen and in real life. Patek Philippe at Watches & Wonders 2022 with its oversized digital display. Image – Watches & Wonders When I tried on the watch during the fair, my positive impression was reinforced. Even though the ref. 5226G is a combination of elements not usually put together, it is compelling and appealing in the metal. ...

Patek Philippe Shows Off Its 2021 Rare Handcrafts Featuring Sky Moon Tourbillon, Minute Repeater QP, Golden Ellipse, Ladies First, And Nautilus Watches – Reprise Quill & Pad
Patek Philippe Shows Off Aug 7, 2022

Patek Philippe Shows Off Its 2021 Rare Handcrafts Featuring Sky Moon Tourbillon, Minute Repeater QP, Golden Ellipse, Ladies First, And Nautilus Watches – Reprise

In 2021, Patek Philippe drew attention to the decorative arts that help make its watches so exceptional, further staking claim in the preservation of many of the traditional skills and techniques that date to the manufacture’s roots. The manufacture introduced six versions of familiar watch models that highlight Patek Philippe's Rare Handcrafts.

Inside the Patek Philippe Service Centre in Singapore SJX Watches
Patek Philippe Service Centre Jul 28, 2022

Inside the Patek Philippe Service Centre in Singapore

Patek Philippe is one of the most revered watch brands but an outlier amongst its peers in relying almost entirely on independent retailers to sell its watches. Of the hundreds of Patek Philippe points-of-sale around the world, the brand owns just three. But the converse is true for its after-sales service where the brand is almost entirely vertically integrated. Patek Philippe will soon own and operate ten service centres in key cities around the world, backed up with four of its own watchmaking institutes. The Geneva watchmaker does this to fulfil its pledge of being able to repair and maintain “all timepieces ever made by Patek Philippe since production began in 1839”. Consolidation and consistency In pursuit of a uniformly high standard of service across the world, Patek Philippe is in the process of consolidating its service network from a peak of 59 service centres worldwide, some of which were run by independent retailers, to just ten key locations. Amongst the regional centres are one each in Germany, France, and the United States, but most will be located in Asia – the brand’s biggest market – in China, Hong Kong, Japan, Taiwan, and Singapore. All of the ten will be run by Patek Philippe itself, or more specifically, its regional subsidiaries. The Singapore service centre, for instance, is run by Geneva Master Time (GMT), Patek Philippe’s subsidiary for Southeast Asia. GMT also has a smaller service centre in Bangkok, a necessity given that Thailand i...

Patek Philippe Nautilus: One Analysis Of How Prices Have Changed Over Four Years Quill & Pad
Patek Philippe Nautilus One Analysis Jun 19, 2022

Patek Philippe Nautilus: One Analysis Of How Prices Have Changed Over Four Years

How much does a Patek Philippe Nautilus cost? How will Nautilus prices evolve? Answering these questions, as relevant as they are, has become extremely difficult following the bubble formed in the luxury men’s watch market. This article analyzes the price history of 31 Patek Philippe Nautilus models, revealing the models that have gained an absolute value, the most dramatic relative increases, and the influence of case and bracelet material.

How the Patek Philippe Nautilus became the ultimate flex watch Time+Tide
Patek Philippe Nautilus became May 21, 2022

How the Patek Philippe Nautilus became the ultimate flex watch

Welcome to The Icons, a new series where we take a horological deep dive into the most legendary watches of all time. We’ll delve into the story behind the watch, its evolution over the years, famous (and infamous) wearers, the classic references, and the contemporary versions you should be checking out. This week it’s the … ContinuedThe post How the Patek Philippe Nautilus became the ultimate flex watch appeared first on Time+Tide Watches.

Auction Watch: Sotheby’s Sets Record for Most Expensive Patek Philippe Ref. 2499 SJX Watches
Patek Philippe Ref 2499 Sotheby’s just Apr 27, 2022

Auction Watch: Sotheby’s Sets Record for Most Expensive Patek Philippe Ref. 2499

Sotheby’s just concluded the first sale of the spring auction season, which now moves to Geneva with a series of auctions in the Swiss city starting the first weekend of May. The season opened strongly with several records set at Sotheby’s, most notably with The Nevadian Collector, a sale of Patek Philippe timepieces all owned by an American collector. Made up of 38 watches and one lot of vintage Gay Freres bracelets, the auction was led by an unsurprising favourite that sold for a record price – the possibly unique ref. 2499 in pink gold with a dial signed “Gobbi Milano”. Sotheby’s consultant Sam Hines bringing the hammer down on the ref. 2499 “Gobbi” Four telephone bidders competed for the watch, with bidding swift and aggressive. One of the bidders went big early on, taking the bid from HK$19 million to HK$30 million with one bid – an increment of about US$1.4 million. Eventually one of the phone bidders triumphed and set the record for the most expensive ref. 2499 ever sold at auction. The pink ref. 2499 “Gobbi” hammered for HK$50 million, resulting in a total of HK$60.265 million including the buyer’s premium. That’s equivalent to about US$7.68 million, making it the most expensive ref. 2499 ever sold at auction by some margin. The last record holder was the ref. 2499 “Asprey” that sold in 2018 for about US$ 4 million at Sotheby’s in Geneva – which was also sold by the Nevadian. While the ref. 2499 “Gobbi” was the headline lot,...

Highlights: Patek Philippe and Rolex at Sotheby’s Hong Kong Auction SJX Watches
Patek Philippe Apr 23, 2022

Highlights: Patek Philippe and Rolex at Sotheby’s Hong Kong Auction

Sotheby’s is kicking off the spring season of the year’s watch auctions with two consecutive sales in Hong Kong that take place in a week’s time. The first is an evening sale of a single-owner collection of exceptional vintage Patek Philippe watches. And it will be followed by Important Watches I, which includes several good examples of independent watchmaking. Though the single-owner sale has most of the significant vintage Patek Philippe watches offered by Sotheby’s, it doesn’t encompass all of them. One of the major lots is a Patek Philippe ref. 2524 minute repeating wristwatch. We take a look at that along with several other highlights from Important Watches I, both vintage and modern, including an arguably underrated complicated (and bejewelled) watch for men by Van Cleef & Arpels (VC&A;). Important Watches I starts at 2:00 pm (GMT +8) on April 26, 2022. Registration for bidding and the full catalogue can be accessed here. The VC&A; Midnight Poetic Wish Lot 2144: Rolex Daytona ref. 16523 “Floating” signed “Tiffany & Co.” The most desirable Rolex Daytonas are typically steel, with the two-tone versions often being the most affordable, perhaps because the two-tone look is generally less sought after regardless of brand. But this steel-and-gold ref. 16523 is notable enough that it was included in Daytona Perpetual, the reference tome covering many rare and unusual variants of the model published by Italian Rolex specialist Pucci Papaleo. The key fe...

Highlights: “The Nevadian Collector”, a Spectacular Single-Owner Collection of Patek Philippe SJX Watches
Patek Philippe Apr 15, 2022

Highlights: “The Nevadian Collector”, a Spectacular Single-Owner Collection of Patek Philippe

The flagship event at Sotheby’s upcoming spring watch auction in Hong Kong is The Nevadian Collector. Focused on historically significant Patek Philippe references, the compact but valuable sale is the closing act of a notable collector based in California. Having started collecting over 30 years ago, the “Nevadian” became a major figure in vintage watch collecting after selling his media business in the mid 1990s. Now in his eighties, the gentleman’s collection was once some 400 watches, a number that has been gradually pared down in recent years. It included several timepieces that set priced records in recent years, including the ref. 2499 signed “Asprey” that sold for almost CHF4 million in 2018 and another ref. 2499 signed “Tiffany & Co.” that sold for the equivalent of US$3 million later that year. Another of the Nevadian’s watches: the crisp, third series ref. 2499 in pink gold with a “Tiffany & Co.” dial that sold for HK$23.5m, or US$3.00 million, in 2018, becoming the most expensive watch sold at auction in Asia that year Made up of only 40 lots – but with a cumulative value of US$15 million at the low estimates – the sale takes place in the evening of April 25, 2022, starting at 8:00 pm (GMT +8). Bidding and the full catalogue can be accessed here. The upcoming auction represents the last of the Nevadian’s watches, but considering the depth and breath of the collection, the line up unsurprisingly encompasses many spectacular, import...