Last week we reported on a rare Patek Philippe watch due to go under the hammer at Antiquorum Auctioneers in New York on March 10th. The watch, a Patek Philippe Ref 2419 minute repeater was produced in 1946 and was originally sold in 1950 by Cartier New York to a New York businessman.
Prior to the discovery of this timepiece, there were only five known references for vintage Patek Philippe minute repeating wristwatches. The Patek Philippe ref. 2419 is the only example that features an attractive concave bezel and an oversized crown and repeater hammer as well as a previously unknown Patek Philippe minute repeating movement.
Described by the family of the owner as ‘the ugly watch in the drawer’ the Ref. 2419 minute repeater was offered in pristine condition and has had its originality confirmed by Patek Philippe from their archives. The piece was sold with a certificate of authenticity from Cartier that confirms that the wristwatch was retailed by Cartier New York with an over sized crown and minute repeating function.
Estimates for the sale were set at US$300,000 – US$500,000. Bidding, as expected, was intense and ultimately, the watch sold for US$710,500 to a Chinese bidder.
According to the family of the original owner, the piece was custom ordered at a Patek Philippe exhibition held by Cartier in New York, with a minimalist design for easy legibility. The 7mm over-sized winding crown, extra large repeater slide; and unique dial with an over-sized subsidiary seconds dial and black indices provided the owner, who was elderly at the time of purchase, with simplicity and ease of use. The increased size of the crown and slide, along with the larger subsidiary seconds create a well-balanced watch that belies its 34mm diameter, appearing considerably larger.
Evan Zimmerman, President and CEO of Antiquorum, commenting on the sale said: “We are thrilled by today’s outcome for our March auction in New York. The spectacular results for the exceptional minute-repeating Patek Philippe ref. 2419 wristwatch retailed by Cartier confirms that collectors today are willing to pay a premium for watches that are unique and new to the market.”
Courtesy of Hodinkee, below is a video released by Antiquorum describing and demonstrating the watch. Enjoy it, it’s probably the closest you’re ever likely to get to it: