This Ultra-Rare Gold Patek Philippe Watch Could Fetch $2 Million at Auction This Fall

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This Ultra-Rare Gold Patek Philippe Watch Could Fetch $2 Million at Auction This Fall
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The first series Ref. 2499 will lead Phillips's Hong Kong watch auction in November.

During the model’s 35-year production run, Patek Philippe produced 349 examples and created four separate but almost identical models that collectors refer to as “series.” This particular yellow-gold timepiece is a coveted first series that was manufactured in 1953. According to Phillips, the rarity has been in private hands for the past 25 years and was last seen in public at an auction in 1997.It’s reportedly in good nick, too.

Naturally, the Patek will be in good company at the Hong Kong sale. The auction includes a range of highly important timepieces from industry powerhouses, such as Rolex, Audemars Piguet, Philippe Dufour, Roger Smith, F. P. Journe and Cartier, to name but a few. There will also be a number of other notable Patek Philippe references going under the gavel, too.

The Hong Kong Watch Auction: XV will take place at the JW Marriott in Hong Kong on November 28 and 29. Starting September 30, highlights from the sale will embark on a world tour in New York, Hong Kong, Bangkok, Singapore, London, Taichung, Taipei and Geneva.

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