Sale 22IJ03 | Lot 76

Rare Patek Philippe Ref. 1518 Gentleman's Gold 'Perpetual Calendar Moonphase' Chronograph Wristwatch, Yellow Gold

Catalogue: Important Jewelry

Lot Details

Lot 76
Rare Patek Philippe Ref. 1518 Gentleman's Gold 'Perpetual Calendar Moonphase' Chronograph Wristwatch, Yellow Gold
18 kt., manual wind, circular matte silvered dial with applied gold Arabic numerals and two round nail head pointers with leaf-shaped hands, date and month apertures, gold-tone and blued steel hands, chronograph, perpetual calendar and moonphase dials, outer 1/5 seconds scale and 1000 tachymeter scale, snap-back cover, poinçon de maître with no. 9 indicating casemaker Emile Vichet S.A., slightly turned down full lugs with hallmark on upper lug between 10 and 11, and hallmark on case left-side between 7 and 8, acrylic crystal, original blank crown, two rectangular pushes for chronograph, pin-push for moonphase adjustment, diameter ap. 35 mm., original tapered alligator strap with original gold buckle, dial, movement, case, strap and buckle signed Patek Philippe, movement no. 868099, cal. 13-111, case no. 674125, circa 1951. With signed box, extract from Patek Philippe archives and repair slip from the Henri Stern Watch Agency, Inc., no. PR1751 May 29, 1968, our ref. P-916.

See similar examples of reference 1518: 'Patek Philippe Wristwatches', M. Huber and A. Banbery, 1998, plate 386, p. 231; and 'Patek Philippe', Giampiero Negretti and Paolo de Vecchi, 1997, Köneman, plate 109, 108, 110.

During the years 1941-1954, Patek Philippe produced 281 Examples of Reference no. 1518 with 215 in 18 kt. yellow gold, 58 in rose gold and 4 examples known to date in stainless steel. This was the world's first wristwatch to be powered by a serially produced perpetual calendar chronograph. Before Patek Philippe achieved the engineering feat of releasing this in a wristwatch for, this was only possible in a larger format as a pocket watch.

Monroe F. Dreher was the head of Dreher Advertising, Inc. in New York City. His agency represented Avon Cosmetics for 21 years. He once was quoted as telling Avon Executives that through their advertisements and creative approach of selling direct door-to-door, that his company would "build a Tiffany-type reputation" welcoming Avon products into households. Before his retirement in 1960, he was also Chairman of Variety Store Merchandiser, a trade publication.

C Property from The Monroe and Elizabeth Dreher Family Collection

Estimate: $100,000 - $200,000

Additional Notes & Condition Report

The movement is currently running, but is not guaranteed to be in working order. 23J, 8 adj.

Rubbing with standard wear.
Light scratches.
Well-defined watch pin holes.
Rubbed outer hallmark.
Very crisp marks inside case.

Irregular deterioration spot at 3:00.
Small chip on subsidiary dial below moonphase at 3/4.

Strap width 20.5 to 13 mm.

Light scratches.

Total production - 281 pieces.
Approximately 215 in yellow gold.
Approximately 58 in pink-gold (12 pink dial and case).
Approximately 4 in stainless steel.

Date of sale April 13, 1953.

Any condition statement is given as a courtesy to a client, is an opinion and should not be treated as a statement of fact and Doyle New York shall have no responsibility for any error or omission. Please contact the specialist department to request further information or additional images that may be available.

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Catalogue Info

Important Jewelry

Thu, Dec 15, 2022 at 12pm EST
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