Watch Magazine Watches Magazine. Since 2010
  • Home
  • Magazine
  • Brands
  • Fitness Watches
  • Ambassadors
  • SIHH 2017
  • Baselworld 2017
  • Movements
  • Dictionary
  Add to Bookmarks
Home » Magazine » Extremely Rare Patek Philippe’s Timepieces at Sotheby’s Auction in June

RECOMMENDED EBAY STORES

  •  
    300 Watches
     
  •  
    Authentic Watches
     
  •  
    Timezone123 Wholesale Watches
     
  •  
    The Watchery on eBay
     

BRANDS

Extremely Rare Patek Philippe’s Timepieces at Sotheby’s Auction in June

Tweet
Written by Boris Djuricic on April 21, 2012 in Magazine, News & Events - No comments

The thirteen Patek Philippe’s watches, which had belonged to renowned collector Henry Graves Jr., will be auctioned at Sotheby’s on June 14, in New York. Neither one of these timepieces has ever been released or appeared on the market which makes them highly valuable. “It’s like finding a dozen Picassos from the finest Picasso collector sitting in a closet,” explained John Reardon, Sotheby’s head of watches in New York.

These watches belonged to Graves’s grandson Reginald “Pete” Fullerton, Jr., who died last month. Succeeding the grandfather’s passion, he has also assembled a great collection of 41 Patek Philippe’s and Breguet’s wristwatches which will also be auctioned at Sotheby’s, together with Mr. Graves’s precious pieces.

Henry Graves (1868-1953) was a passionate fan of haute horology who collected about 40 remarkable timepieces over four decades and some of them even entered the history of watchmaking. His 1933 Patek Philippe “The Henry Graves Supercomplication” was sold for phenomenal $11 million at Sotheby’s in 1999, which is the highest price that one timepiece has ever reached at an auction.

We are expecting to see the price that its yellow gold barrel-shaped, minute-repeating wristwatch by Patek Philippe will reach at the upcoming auction. Engraved with his family’s coat of arms, featuring the Latin motto “Esse quam videri” (“To be, rather than to seem.”), this great piece is estimated from $600,000 to $800,000.

Patek Philippe Yellow Gold Tonneau Minute Repeater Watch

Patek Philippe Yellow Gold Tonneau Minute Repeater Watch

The second most precious item from the collection is 18 karat gold Patek Philippe’s Minute Repeater pocket watch which was the present Graves gave to his son-in-law, at his daughter Gwendolyn’s wedding, on June 5, 1926. The watch that sounds the same almost a century after it was made, has the estimated price from $40,000 to $60,000.

Patek Philippe Minute Repeater Pocket Watch

Patek Philippe Minute Repeater Pocket Watch

Among iconic pieces from the Fullerton’s collection, there are 11 perpetual calendar watches by Patek Philippe, from the 1950s to the 1990s. When Fullerton bought his first major wristwatch back in 1960, it cost $1,000. Today, the estimated price for this valuable prototype of the Patek Philippe’s popular reference 2497 goes from $200,000 to $300,000.

Another perpetual calendar model (reference 3450) with an unusual white enamel dial which this collector won at Sotheby’s in 1990 for $41,000 is currently estimated from $200,000 to $300,000.

Fullerton kept all the watches in leather boxes near his room, winding them once a day, Reardon said. Within 24 hours after he wound them up for the last time, they stopped.

Patek Philippe Minute Repeater Pocket Watch
Patek Philippe Yellow Gold Tonneau Minute Repeater Watch
Tweet
Written by Boris Djuricic on April 21, 2012 in Magazine, News & Events - No comments
>

Leave a Comment

Click here to cancel reply.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

PROMOTE US ON

Pin It
Recommend on Google
Follow @watchalyzer

SUBSCRIBE TO WATCHALYZER

LATEST COMMENTS

  • Sector Expander Outdoor Series Watch
    comment_date_gmt); ?>
    January, 1970
    "Does anybody knows how can I make the screensaver not to app..." Read more
  • Seiko Premier Kinetic Day Date Watch SRN037
    comment_date_gmt); ?>
    January, 1970
    "I never have seiko premier kinetic direct drive watch, It is..." Read more
  • Seiko Ananta Automatic Chronograph Watch
    comment_date_gmt); ?>
    January, 1970
    "I have tissot automatic seastar-swiss made , and the tag heu..." Read more
  • Seiko Ananta Automatic Chronograph Watch
    comment_date_gmt); ?>
    January, 1970
    "what japan made, japan it is for a long period of time, seik..." Read more

LEARN ABOUT WATCHES

Watchalyzer

  • Home
  • Magazine
  • Brands
  • About us
  • Contact
Watch Magazine

© This article is Copyright (c) 2012 Watchalyzer. All Rights Reserved.
Do not copy anything without prior written permission.
Please read Privacy Policy and Terms and Conditions
Top Watch Sites