Patek Philippe Cal.12-400 18ct 1953

Patek Philippe

Simply the finest watch money can buy.

Even today, Patek Philippe’s extraordinary care and commitment towards perfection means it takes almost year to manufacture even its simplest watch movement.

Significant moments in watchmaking since 1839 …

– 1839 Antoine Patek began producing about 200 high-quality pocket watches per year
– 1845 Patek & Co. Partnership founded in Geneva with Jean Adrien Philippe, Technical Director
– 1846 Tiffany & Co. New York, Tiffany appoints Patek Philippe as its principal supplier of pocket watches
– 1857 Universal Exposition, London, Queen Victoria and Prince Albert buy a timepiece, shooting Patek to international fame
– 1867 the company produces the world’s first wristwatch
– 1927 the company produces the world’s first perpetual calendar wristwatch
– 1941 the company produces the world’s first perpetual calendar chronograph wristwatch
– 1962 the company produces the world’s first automatic, perpetual calendar wristwatch

It is said that fewer than 1 million Patek Philippe watches have been made since the first watch was completed in 1839. That is fewer than some high-end Swiss manufacturers (notably Rolex) produce in one year. In fact, the company limits itself to producing less than 50,000 watches per year, even though it is estimated by watch market analysts, the company could sell ten times this figure. Patek production is so detailed, it takes almost a year to complete its most basic watch and more than two years to produce some of the more complicated timepieces.

Patek’s vintage complications hold more world record prices at auction than any other brand. Landmark models include the model ref. 1518; the world’s first serially produced perpetual calendar chronograph and its successor, the model ref. 2499. Other famous models include perpetual calendars such as the model refs. 1526, ref. 3448 and 3450.

We, of course, associate Patek Philippe with the very best, but particularly, the understated elegance, craftsmanship, heritage, exquisite design, perfection and total confidence and commitment in everything it does.

Description

A wonderful yellow gold Patek Philippe with a subsidiary seconds dial from 1953. At 33mm in diameter, excluding the unsigned crown, this was a typical sized gentleman dress watch in period. However today, given the popularity among ladies to wear gent’s watches, this could equally be considered a suitable watch for a lady.

The Dial

Although this watch is over 60 years old, the dial design is so elegant it could easily be mistaken for a contemporary watch today.

The original, unrestored and untouched ivory-cream dial looks incredible, with original gold ‘index’ hands and yellow gold ‘3 – 6 – 9’ Arabic numerals, interspersed with ‘baton’ indices, along with the Patek Philippe signature. Add a subsidiary seconds dial and that’s it.  So simple, yet so pleasing. No more, no less, but so well balanced, beautifully proportioned and simply executed to perfection. In harmony with its watch case, the dial suggests pure class, simple elegance, quality and confidence.

Usually, we restore the dials of the watches we sell, however, we decided in this case, due to its exceptional condition, to retain its originality and charm for the many collectors who prefer this. It also helps to contrast with most of the other watch dials you see on our website, which have been restored.

The Movement

As can be seen, this movement is in spectacular condition. The Geneva wave finishing on the bridge and plates and the bevelled edging throughout was all applied by hand, almost 70 years ago, and looks as beautifully bright and fresh today as one could ever wish. This movement is in A1 condition, indicating this watch has been properly cared for and regularly serviced.

The movement has been fully overhauled and serviced by a Master Watchmaker. This means dismantling the movement to each of its component parts, careful inspection under high magnification, replacement where necessary with only genuine parts, then careful reassembly and adjustment, before final calibration in 5 positions. The movement winds sets and runs accurately and reliably and at final testing and calibration, it was running within +9 seconds per day, averaged over 5 positions. This is outstanding for any watch of this age. We are therefore highly confident in offering our 12-month warranty* with this watch.

The movement is all correctly signed, ‘Patek Philippe & Co.’, ‘Geneve Swiss’ and ‘Eighteen (18) Jewels’ with the Calibre number 12-400 and the movement serial number 729,009, which dates this watch to 1953.

*Please note – our 12 months’ warranty is only applicable if the full list price is paid.

The Watch Case

The 18ct yellow gold watch case measures 33mm in diameter, excluding the crown and is of a two-piece design with a press-fit back and wonderful elongated sweeping lugs. The case has a solid outer ring with a lip bezel, giving the case a great deal of rigidity.

The case is in immaculate condition with no scratches, dings or other signs of damage visible to the naked eye.

Inside the case-back is signed ‘Patek Philippe & Co’, ‘Genève’ and ‘Swiss’. It carries Swiss Geneva 18ct hallmarks, along with the Patek model reference 2494 and the case serial number 517499.

The Strap and Buckle

The watch is fitted with a high-quality light brown Alligator strap with a plain gold-plated buckle. However, if a different colour or style of strap is preferred, please let us know and we will do our best to oblige free of charge. We carry tan, conker, dark brown and black straps in stock in plain padded leather, crocodile skin or lizard skin. We can also obtain most types and colours from our partners at ‘Watch Obsession’ within 48hrs.

The Box and Papers

Although there are no original papers with the watch, all the numbers and markings are all correct, dating this watch to 1953.

A detailed Particulars document will be included with the receipt, along with our 12 months’ warranty*. A separate insurance valuation for the replacement value of this watch will also be provided at the time of sale along with our unique ‘Lifetime Authenticity Guarantee’ which states: “If this watch proves to be anything less than totally authentic, or not as described, Vintage Gold Watches of London will offer you a full refund at any time”.

This watch comes complete with a hardwood presentation box as shown.

In Conclusion

Here we have a truly desirable vintage gold dress watch from horology’s most revered name which is truly a thing of beauty – to wear, use, treasure and enjoy. It will also make an excellent investment and family heirloom piece. Even though Patek prices continue to rise, we still feel outstanding examples such as this remain undervalued, particularly compared to the price of a new Patek Philippe.

As each year goes by and the world market for vintage Patek Philippe watches expands, availability will become ever more limited, meaning prices are destined to climb ever higher!

A word on our prices – We always try our hardest to acquire the very highest quality watches we can find, before restoring these to the highest possible standards. We then offer these at the fairest prices we can, taking into account our pre and post-sales care and service. This approach inevitably means we will never be the cheapest, but nor will we be the most expensive. Indeed there are many well-known stores in West London which are very successful charging between two to three times our prices. We therefore consider our prices to be very fair, given the quality of watches we have to offer.

We are happy to accept PayPal as this is the quickest method of payment. However, if you would wish to pay by bank transfer, we will be pleased to pass on a 3% transaction saving to you. Paying by bank transfer for a 3% saving will not affect your 12 months warranty. Similarly, if you wish to pay by International SWIFT or International Bank Wire Transfer, we will provide you with our BIC / Swift number and our IBAN number.

Please note, we also welcome part exchanges and offers of watches for sale.

We will be happy to Service your watch, Repair your watch or Restore your watch, all at ‘sensible’ prices. Please see here.

If you have any questions please call us on 020 7727 7095 or if calling from overseas on +44 207 727 7095.

Finally, please enjoy some time spent viewing our other fine vintage gold watches!